Recent Price Movement and Market Context
On 25 Nov 2025, MIC Electronics recorded its lowest price in the past year at Rs.42.95, representing a day decline of 2.07%. This performance lagged behind the Industrial Manufacturing sector by 1.06%, signalling relative weakness within its peer group. Over the last three trading sessions, the stock has returned -8.59%, underscoring sustained downward pressure.
The broader market, represented by the Sensex, opened positively with a gain of 108.22 points but later retreated by 421.92 points to close at 84,587.01, down 0.37%. Despite this, the Sensex remains close to its 52-week high of 85,801.70, trading above its 50-day and 200-day moving averages, indicating a generally bullish trend in the large-cap space. Small-cap stocks have shown modest gains, with the BSE Small Cap index rising by 0.2% on the day.
In contrast, MIC Electronics is trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — highlighting a persistent downtrend and lack of short- to long-term price support.
Only 1% make it here. This Large Cap from the Gems, Jewellery And Watches sector passed our rigorous filters with flying colors. Be among the first few to spot this gem!
- - Highest rated stock selection
- - Multi-parameter screening cleared
- - Large Cap quality pick
One-Year Performance and Valuation Metrics
Over the past year, MIC Electronics has recorded a total return of -48.93%, significantly underperforming the Sensex, which has delivered 5.59% during the same period. The stock’s 52-week high was Rs.95.90, indicating a near 55% reduction from that peak to the current low.
Valuation metrics suggest a challenging environment for the company. The Return on Capital Employed (ROCE) stands at an average of 4.66%, reflecting limited efficiency in generating returns from capital investments. The Enterprise Value to Capital Employed ratio is 4.1, which is considered expensive relative to the company’s operational performance. This valuation is lower than peers’ historical averages, indicating a discount in market pricing but also signalling investor caution.
Profitability has shown a marked contraction, with profits falling by approximately 83% over the last year. The company’s ability to service debt is constrained, as evidenced by a Debt to EBITDA ratio of 6.74 times, suggesting elevated leverage and financial risk.
Financial Results and Operational Indicators
In the nine months ending September 2025, MIC Electronics reported a Profit After Tax (PAT) of Rs.7.41 crores, which reflects a decline of 86.20% compared to the previous period. Interest expenses for the same period were Rs.4.35 crores, showing an increase of 36.36%, which adds pressure on net profitability.
Operational efficiency indicators also point to concerns. The Debtors Turnover Ratio for the half-year is at a low 0.12 times, indicating slower collection cycles and potential liquidity constraints. These factors collectively contribute to the subdued market sentiment surrounding the stock.
Promoter Stake and Market Confidence
Promoter shareholding in MIC Electronics has declined by 4.05% over the previous quarter, with current holdings at 58.01%. This reduction in promoter stake may be interpreted as a shift in confidence levels regarding the company’s near-term prospects.
Such changes in promoter participation often attract market attention, particularly when accompanied by weak financial indicators and stock price declines.
Holding MIC Electronics from Industrial Manufacturing? See if there's a smarter choice! SwitchER compares it with peers and suggests superior options across market caps and sectors!
- - Peer comparison ready
- - Superior options identified
- - Cross market-cap analysis
Sector and Market Positioning
MIC Electronics operates within the Industrial Manufacturing sector, which has experienced mixed performance in recent months. While the broader market indices maintain a positive trajectory, the stock’s relative underperformance highlights sector-specific and company-specific pressures.
The company’s market capitalisation grade is rated at 3, indicating a mid-tier market cap status within its sector. Despite this, the stock’s price action and financial metrics suggest challenges in maintaining competitive positioning and investor confidence.
Summary of Key Concerns
The stock’s fall to Rs.42.95, its lowest level in 52 weeks, is underpinned by several factors: subdued profitability, increased interest burden, low operational efficiency, and a high leverage ratio. The decline in promoter stake further compounds market apprehension. These elements have contributed to the stock trading below all major moving averages and underperforming both its sector and the broader market indices.
While the Sensex remains near its yearly highs and small-cap stocks show modest gains, MIC Electronics continues to face headwinds that have been reflected in its share price trajectory over the past year.
Get 2 full years of MojoOne Premium for only Rs. 12,999. Subscribe for 1 year and we'll add another year FREE. Offer valid for a limited time. Start Saving Now →
