The MIC Electronics share price is currently ₹85.69. This represents a remarkable 175% increase over the past year. The MIC Electronics share price has varied between a 52-week high of ₹100.02 and a 52-week low of ₹22.85. Despite this impressive rise, the MIC Electronics share price is coupled with a high PE ratio of 37.05, which may indicate overvaluation. Additionally, the company has a 0% dividend yield, meaning it does not distribute dividends despite reporting profits. The MIC Electronics share price reflects a strong profit growth of 32.1% CAGR over the last five years.
Latest Updates Impacting MIC Electronics Share Price
As of September 7, 2024, the MIC Electronics share price remains at ₹85.69. Recent developments affecting the MIC Electronics share price include:
- A letter of acceptance from the Salem Division of Southern Railway Zone
- An order from the Ratlam Division of Western Railways
- An order from the Lucknow Division of Indian Railways
These updates are positively influencing the MIC Electronics share price, indicating ongoing business success.
Company Overview and Its Impact on MIC Electronics Share Price
MIC Electronics, founded in 1988, is a leader in the design, development, and manufacturing of LED video displays and high-end electronic and telecommunication equipment. The company was once ranked 5th globally in true color display technology. The MIC Electronics share price showcases its position as a key player in the industry.
Financial Metrics and Their Influence on MIC Electronics Share Price
Here are the critical financial metrics related to the MIC Electronics share price:
- Revenue (TTM): ₹54.57 Crores
- Net Profit (TTM): ₹61.84 Crores
- ROCE: 2.42%
- ROE: 10.79%
These figures are essential for understanding the MIC Electronics share price and overall company valuation.
Valuation Metrics Affecting MIC Electronics Share Price
The MIC Electronics share price is linked to the following valuation metrics:
- PE Ratio: 37.05
- PB Ratio: 0.10
- Dividend Yield: 0%
The PE ratio suggests that the MIC Electronics share price may be overvalued relative to its earnings.
Shareholding Pattern and Its Effect on MIC Electronics Share Price
The shareholding pattern of MIC Electronics is as follows:
- Promoter Holding: 67.51%
- Decrease in Promoter Holding (Last Quarter): 7.08%
Fluctuations in promoter holding can impact the MIC Electronics share price, reflecting changes in investor sentiment.
Peer Comparison: MIC Electronics Share Price in Context
Here’s how the MIC Electronics share price compares with its peers:
| Financials (₹ Cr) | MIC Electronics | Havells India | Dixon Technologies | Voltas | Blue Star |
|---|---|---|---|---|---|
| Price | 85.69 | 1,957.60 | 12,724.30 | 1,828.70 | 1,788.25 |
| Market Cap | 2,065.23 | 122,725.66 | 76,135.85 | 60,508.94 | 36,769.10 |
| Revenue (TTM) | 54.57 | 18,590.01 | 17,690.90 | 12,481.21 | 9,685.36 |
| Net Profit (TTM) | 61.84 | 1,270.76 | 374.92 | 248.11 | 414.31 |
| PE TTM | 37.05 | 88.29 | 175.57 | 132.30 | 73.40 |
| 1 Year Return | 182.81% | 35.38% | 145.70% | 101.59% | 121.47% |
The MIC Electronics share price stands out among its peers in several key metrics.
Conclusion on MIC Electronics Share Price
The MIC Electronics share price has shown significant growth, reflecting the company’s positive performance. However, investors should be cautious due to the high valuation metrics and the lack of dividend payouts. Conduct thorough research and consult with a financial advisor before making decisions based on the MIC Electronics share price.
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