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NSE:MICEL

MIC ELECTRONICS LTD

Capital Goods › Industrial Products
33.37
at close · 21 Sept 2026
0.00 (+0.00%)
ThemesElectronics Manufacturing (EMS)· coreRailways· growingArtificial Intelligence· announcedSemiconductors & Electronics· announced

Latest filings

  1. 38th AGM: All 7 resolutions passed, 4 related party deals approved · Board & Shareholder Meetings
  2. MIC Electronics 38th AGM held; 7 resolutions put to vote, voting results pending · Board & Shareholder Meetings
  3. MIC Electronics allots shares for 59% Neo Semi acquisition · Fund Raising
  4. MIC Electronics incorporates defence subsidiary MIC Defence Systems · Strategic Transactions
  5. BSE, NSE approve share swap for Singapore acquisition · Strategic Transactions
  6. Newspaper publication of 38th AGM notice and e-voting details · Compliance
  7. 38th AGM notice and FY2025-26 annual report filed · Board & Shareholder Meetings
  8. 38th AGM notice: Sep 16, 2026 meeting; auditor re-appointment, related party deals · Board & Shareholder Meetings
  9. Credit rating upgraded by Brickwork Ratings to BBB- stable and A3 · Credit & Debt
  10. Newspaper publication of Q1 FY27 unaudited financial results · Compliance
  11. Board meeting outcomes: AGM notice, director resignation, new defence subsidiary · Results
  12. Board approves AGM notice, new defence subsidiary, director resigns · Corporate Actions
  13. Board approves 38th AGM notice, plans defence subsidiary · Board & Shareholder Meetings
  14. Independent Director resigns; Board approves new defence subsidiary · Management Changes
  15. MIC Electronics Board OKs AGM, defence subsidiary, director exit · Board & Shareholder Meetings
  16. MIC Electronics Q1 FY27: standalone PAT up 28% YoY, consolidated revenue triples on new segment · Results
  17. Board meeting on July 31 to consider Q1 FY26 results and AGM notice · Results
  18. Receipt of completion certificates for railway station projects · Business Updates
  19. RTA certifies no demat or remat requests in Q1 FY27 · Compliance
  20. Trading window closed from July 1 for Q1 results · Compliance
  21. Trading window closure ahead of Q1 FY27 results · Compliance
  22. MIC Electronics promoter annual disclosure - no new encumbrances · Ownership Changes
  23. RRK ENTERPRISE PRIVATE LIMITED has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. · Ownership Changes
  24. The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for RRK Enterprise Pvt Ltd · Ownership Changes
  25. MIC Electronics Limited has informed the Exchange regarding 'Update On Integrated Passenger Information System - IPIS V2.0'.Please find attached the intimation regarding the development of IPIS v2.0 by the company for Indian Railways. · Business Updates
  26. Please find attached the intimation regarding the development of IPIS v2.0 by the company for Indian Railways. · Business Updates
  27. MIC Electronics Limited has informed the Exchange about General Updates.We wish to inform you that the company has received a letter of acceptance from the Chhattisgarh Environment Conservation Board for an amount of Rs. 3,78,00,000/- for the design, supply, installation, and maintenance of lab furniture for the central environmental laboratory. · Business Updates
  28. We wish to inform you that the company has received a letter of acceptance from the Chhattisgarh Environment Conservation Board for an amount of Rs. 3,78,00,000/- for the design, supply, .... · Business Updates
  29. MIC Electronics Limited has informed the Exchange regarding 'Annual Secretarial Compliance Report for the Financial Year ended March 31, 2026'. · Compliance
  30. MIC Electronics EGM approves acquisition of 89.65% stake in Neo Semi SG Singapore · Strategic Transactions
  31. MIC Electronics Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on April 29, 2026 · Board & Shareholder Meetings
  32. MIC Electronics Limited has informed the Exchange about Copy of Newspaper Publication · Compliance
  33. MIC Electronics Q4 FY26: Revenue Doubles, PAT Swings to Loss on Tax Reversal · Results
  34. MIC Electronics Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026. · Results
  35. MIC Electronics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/04/2026 ,inter alia, to consider and approve A meeting of the Board of Directors .... · Results
  36. MIC Electronics Limited has informed the Exchange about Copy of Newspaper Publication · Compliance
  37. MIC Electronics Limited has informed the Exchange regarding Corrigendum to Notice of Extra Ordinary General Meeting to be held on April 29, 2026 · Board & Shareholder Meetings
  38. MIC Electronics Limited has informed the Exchange about the receipt of the LOAs (letters of acceptance) intimation. · Business Updates
  39. MIC Electronics Limited has informed the Exchange about Copy of Newspaper Publication · Compliance
  40. MIC Electronics Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 · Compliance
  41. MIC Electronics Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on April 29, 2026 · Board & Shareholder Meetings
  42. MIC Electronics Limited has informed the Exchange about General UpdatesPlease find enclosed intimation regarding the letter of acceptance received from Sambalpur Division, East Coast Railway Division of Indian Railways. · Business Updates
  43. MIC Electronics Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 · Compliance
  44. MIC Electronics Limited has informed the Exchange about change in designation of Mr Deepayan Mohanty from Independent Director to Non-executive Non-independent Director for his remaining tenure subject to approval of members at the ensuing general meeting of the members of the Company · Management Changes
  45. MIC Electronics Limited has informed regarding Disclosure of material issue as per the attached BM outcome · Board & Shareholder Meetings
  46. MIC Electronics Limited has informed the Exchange about issue of Securities as per the attached BM outcome · Fund Raising
  47. MIC Electronics Limited has informed the Exchange about Agreements for Acquisition, Hiving off of two divisions as per the enclosed BM outcome · Strategic Transactions
  48. MIC Electronics Limited has informed the Exchange regarding Outcome of Board Meeting held on March 30, 2026. · Board & Shareholder Meetings
  49. MIC Electronics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/03/2026 ,inter alia, to consider and approve The meeting of the Board Directors .... · Board & Shareholder Meetings
  50. The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for RRK Enterprise Pvt Ltd · Ownership Changes
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Designs, manufactures and supplies LED-based display systems — including coach indicator boards, GPS clocks and passenger information displays — for Indian Railways, alongside related electronic products. In FY26, the LED Products segment contributed ₹87.48 cr (99.6% of reported segment revenue), with segment EBIT of ₹21.85 cr; medical appliances and automobiles segments were nominal at ₹0.32 cr and nil respectively. A new Electrical & Electronics spares trading line, run through subsidiary MICK Digital India, contributed ₹103.25 cr per segment trend data. Recent order activity includes a ₹3.78 cr Letter of Acceptance from the Chhattisgarh Environment Conservation Board for lab furniture at a Nava Raipur environmental laboratory, completed installations of coach indicator boards at 6 platforms across 4 stations in the Rajkot and Jabalpur divisions of West Central Railway, and a parcel management system at 10 stations in Jabalpur. The company is also developing IPIS v2.0 (Intelligent Passenger Information System) for Indian Railways, has approved a wholly-owned defence subsidiary, and is acquiring a stake in Singapore-based Neo Semi SG Pte. Ltd. Cost structure is led by materials at 26.6% of FY26 revenue.

Revenue mix · reported segments
LED Products99.6%
Medical and other appliances0.4%
Automobiles0.0%
Operating scale
LED Products segment revenue
₹87.48 crFY26
Electrical & Electronics spares trading revenue
₹103.25 crFY26
Letter of Acceptance - Chhattisgarh lab furniture
₹3.78 crMay 2026
Coach indicator boards installed
6 platforms across 4 stationsJul 2026
Parcel management system installations
10 stations in Jabalpur divisionJul 2026
Who pays it
Indian Railways for passenger information systems; Chhattisgarh Environment Conservation Board for lab furniture; electronics spares buyers via subsidiary MICK Digital India
Biggest cost
Materials at 26.6% of FY26 revenue
Kind of business
Electronics manufacturing with a new spares trading arm; FY26 net loss of ₹12.63 cr
Where it sits
Classified under Capital Goods / Industrial Products; LED-based railway passenger information systems as core product line
Market Cap
₹804 Cr
P / E (TTM)
EV / EBITDA
31.8×
Div Yield
Growth
180.9%
Revenue 5y CAGR
PAT — · EBITDA +77.5%
Quality
10.0%·
ROCE (5y median)
ROE -5.8% · margin 13.9%
Leverage
0.20·
Debt / Equity · low
Net debt ₹44 Cr
Revenue FY20→FY26
102.4×
Margin +1281.0 pts
₹2 Cr → ₹191 Cr
Moves on a normal day
1.79%·
Median daily move
Last 268 sessions · filing days run larger
Where it sits among 30 Other Industrial Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/B#15/24
ROCE#19/31
ROE#22/24
Debt / Equity#14/24
EBITDA margin#13/23
Revenue growth#1/23
Profit growth#9/23

Scorecard

Measured from the filed financials, judged against its Other Industrial Products peers · as of FY26 — not investment advice

Strengths
Revenue compounding 181% a year over 5 years
Concerns
Heavy working capital — 305 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

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Peers

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Financials

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from MIC ELECTRONICS LTD's filed financials and exchange disclosures

What does MIC ELECTRONICS LTD do?

MIC ELECTRONICS LTD is a Industrial Products company listed on NSE and BSE, trading under the symbol MICEL.

Is MIC ELECTRONICS LTD profitable?

No. Over the trailing twelve months MIC ELECTRONICS LTD reported a net loss of ₹12 Cr on revenue of ₹223 Cr.

Does MIC ELECTRONICS LTD pay a dividend?

Not in the latest reported year — MIC ELECTRONICS LTD's dividend payout for FY26 was nil.

Is MIC ELECTRONICS LTD debt-free?

No. Debt stands at 0.20× equity, and it carries net debt of ₹44 Cr. That is lower than 44% of its 24 Other Industrial Products peers.

How much does the MIC ELECTRONICS LTD share price move in a day?

On a typical session MIC ELECTRONICS LTD moves 1.79% — that is the median absolute close-to-close move across its last 268 trading days. Announcement days are routinely larger.

Where can I track MIC ELECTRONICS LTD's announcements?

Every NSE and BSE filing by MIC ELECTRONICS LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.