The shares of this consumer durable equipment manufacturer is in focus after a fund house sold stakes in the company. In this article, we will discuss more about the details of this deal.
With a market capitalization of Rs 1,444 crores, the shares of MIC Electronics Ltd are currently trading at Rs 59.9 per share, down by 47.8 percent from its 52-week high of Rs 114.74 per share. In the last one year, the stock has delivered a return of 29.65 percent.
Multitude Growth Fund sold 12.51 lakh shares in the company at an average price of Rs 59.93 per share, which is 1.09 up from its previous day closing price of Rs 59.28 per share. As of March 2025, Multitude Growth Fund had 35,50,000 shares representing a 1.47 stake in the company.
As per the latest records, Promoter holds 66.48 percent of the company, followed by FIIs with a 3.80 percent stake and Public with a 29.72 percent stake in the company, and it has 1,85,677 shareholders.
Financial Highlights
The company reported a revenue of Rs 94.76 crores in FY25, up by 74 percent from its FY24 revenue of Rs 54.57 crores. However, it reported a net profit decline of 84 percent to Rs 9.83 crores in FY25 from Rs 61.84 crores in FY24.
The stock has delivered an ROE and ROCE of 5.71 percent and 8.84 percent respectively, and is currently trading at a P/E of 146.85x, much higher as compared to its industry average of 35.64x.
MIC Electronics Limited is in the business of designing, developing, and manufacturing LED video displays and electronic equipment. The Company provides indoor and outdoor LED lights, solar lights, portable lanterns, and a variety of display options, including video walls, billboards, passenger information, and trailer/truck displays. The company also sells oxygen concentrators and batteries. The company is actively involved in the semiconductor packaging and testing industry, which will help it during India’s semiconductor industry boom.
Written by Satyajeet Mukherjee
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