MIC Electronics Limited (MICEL) - Net Assets
Based on the latest financial reports, MIC Electronics Limited (MICEL) has net assets worth Rs2.17 Billion INR (≈ $23.44 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs3.54 Billion ≈ $38.30 Million USD) and total liabilities (Rs1.37 Billion ≈ $14.86 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MICEL goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs2.17 Billion |
| % of Total Assets | 61.21% |
| Annual Growth Rate | 12.33% |
| 5-Year Change | 239.89% |
| 10-Year Change | -32.66% |
| Growth Volatility | 265.66 |
MIC Electronics Limited - Net Assets Trend (2004–2026)
This chart illustrates how MIC Electronics Limited's net assets have evolved over time, based on quarterly financial data. See MIC Electronics Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for MIC Electronics Limited (2004–2026)
The table below shows the annual net assets of MIC Electronics Limited from 2004 to 2026. For live valuation and market cap data, see MIC Electronics Limited stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs2.17 Billion ≈ $23.44 Million |
-2.62% |
| 2025-03-31 | Rs2.23 Billion ≈ $24.07 Million |
+82.51% |
| 2024-03-31 | Rs1.22 Billion ≈ $13.19 Million |
+90.51% |
| 2023-03-31 | Rs640.20 Million ≈ $6.92 Million |
+0.39% |
| 2022-03-31 | Rs637.74 Million ≈ $6.90 Million |
+1173.71% |
| 2021-03-31 | Rs50.07 Million ≈ $541.48K |
+103.92% |
| 2020-03-31 | Rs-1.28 Billion ≈ $-13.83 Million |
-22.46% |
| 2019-03-31 | Rs-1.04 Billion ≈ $-11.29 Million |
-35.01% |
| 2018-03-31 | Rs-773.55 Million ≈ $-8.37 Million |
-124.03% |
| 2017-03-31 | Rs3.22 Billion ≈ $34.81 Million |
+39.51% |
| 2016-03-31 | Rs2.31 Billion ≈ $24.95 Million |
-25.55% |
| 2015-03-31 | Rs3.10 Billion ≈ $33.52 Million |
+3.45% |
| 2014-03-31 | Rs3.00 Billion ≈ $32.40 Million |
-13.07% |
| 2013-03-31 | Rs3.45 Billion ≈ $37.27 Million |
-5.23% |
| 2012-03-31 | Rs3.64 Billion ≈ $39.33 Million |
-13.75% |
| 2011-03-31 | Rs4.22 Billion ≈ $45.60 Million |
+6.11% |
| 2010-03-31 | Rs3.97 Billion ≈ $42.97 Million |
+19.22% |
| 2009-03-31 | Rs3.33 Billion ≈ $36.05 Million |
+22.15% |
| 2008-03-31 | Rs2.73 Billion ≈ $29.51 Million |
+62.33% |
| 2007-03-31 | Rs1.68 Billion ≈ $18.18 Million |
+240.25% |
| 2006-03-31 | Rs494.00 Million ≈ $5.34 Million |
+156.84% |
| 2005-03-31 | Rs192.34 Million ≈ $2.08 Million |
+14.63% |
| 2004-03-31 | Rs167.79 Million ≈ $1.81 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to MIC Electronics Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs482.02 Million | 22.29% |
| Other Components | Rs1.68 Billion | 77.71% |
| Total Equity | Rs2.16 Billion | 100.00% |
MIC Electronics Limited Competitors by Market Cap
The table below lists competitors of MIC Electronics Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ZHEJIANG SHIBAO H YC 1
F:W4K1
|
$111.52 Million |
|
Sino-Ocean Group Holding Limited
F:3SD
|
$111.59 Million |
|
Crosswood
PA:CROS
|
$111.65 Million |
|
ELK-Desa Resources Bhd
KLSE:5228
|
$111.66 Million |
|
Paramount Gold Nevada Corp
NYSE MKT:PZG
|
$111.47 Million |
|
MDxHealth SA ADR
NASDAQ:MDXH
|
$111.46 Million |
|
Luxchem Corporation Bhd
KLSE:5143
|
$111.36 Million |
|
Suzhou Goldengreen Technologies Ltd
SHE:002808
|
$111.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MIC Electronics Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 2,225,930,000 to 2,162,173,000, a change of -63,757,000 (-2.9%).
- Net loss of 126,336,000 reduced equity.
- New share issuances of 1,327,000 increased equity.
- Other comprehensive income decreased equity by 1,913,996,000.
- Other factors increased equity by 1,975,248,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs-126.34 Million | -5.84% |
| Share Issuances | Rs1.33 Million | +0.06% |
| Other Comprehensive Income | Rs-1.91 Billion | -88.52% |
| Other Changes | Rs1.98 Billion | +91.35% |
| Total Change | Rs- | -2.86% |
Book Value vs Market Value Analysis
This analysis compares MIC Electronics Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.77x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 2.62x to 4.77x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-03-31 | Rs16.34 | Rs42.78 | x |
| 2005-03-31 | Rs18.73 | Rs42.78 | x |
| 2006-03-31 | Rs19.63 | Rs42.78 | x |
| 2007-03-31 | Rs66.19 | Rs42.78 | x |
| 2008-03-31 | Rs107.32 | Rs42.78 | x |
| 2009-03-31 | Rs131.44 | Rs42.78 | x |
| 2010-03-31 | Rs153.62 | Rs42.78 | x |
| 2011-03-31 | Rs143.98 | Rs42.78 | x |
| 2013-03-31 | Rs134.53 | Rs42.78 | x |
| 2014-03-31 | Rs116.89 | Rs42.78 | x |
| 2015-03-31 | Rs76.94 | Rs42.78 | x |
| 2016-03-31 | Rs49.18 | Rs42.78 | x |
| 2017-03-31 | Rs61.69 | Rs42.78 | x |
| 2018-03-31 | Rs-12.36 | Rs42.78 | x |
| 2019-03-31 | Rs-16.69 | Rs42.78 | x |
| 2020-03-31 | Rs-23.23 | Rs42.78 | x |
| 2021-03-31 | Rs0.91 | Rs42.78 | x |
| 2022-03-31 | Rs2.83 | Rs42.78 | x |
| 2023-03-31 | Rs2.71 | Rs42.78 | x |
| 2024-03-31 | Rs5.51 | Rs42.78 | x |
| 2025-03-31 | Rs9.18 | Rs42.78 | x |
| 2026-03-31 | Rs8.97 | Rs42.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MIC Electronics Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -5.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.63%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.64x
- Recent ROE (-5.84%) is below the historical average (0.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 1.93% | 2.41% | 0.41x | 1.97x | Rs-13.55 Million |
| 2005 | 11.15% | 8.49% | 0.64x | 2.07x | Rs2.21 Million |
| 2006 | 31.33% | 15.20% | 1.34x | 1.54x | Rs105.36 Million |
| 2007 | 20.30% | 12.48% | 0.98x | 1.66x | Rs171.55 Million |
| 2008 | 25.96% | 19.43% | 0.93x | 1.44x | Rs430.89 Million |
| 2009 | 19.92% | 22.30% | 0.61x | 1.46x | Rs328.22 Million |
| 2010 | 14.07% | 19.88% | 0.50x | 1.41x | Rs160.15 Million |
| 2011 | 8.03% | 14.51% | 0.37x | 1.48x | Rs-82.99 Million |
| 2013 | -8.92% | -29.65% | 0.17x | 1.80x | Rs-651.84 Million |
| 2014 | -20.01% | -47.51% | 0.22x | 1.92x | Rs-898.90 Million |
| 2015 | 0.58% | 1.14% | 0.27x | 1.91x | Rs-291.87 Million |
| 2016 | -48.06% | -50.95% | 0.45x | 2.10x | Rs-1.34 Billion |
| 2017 | 0.75% | 1.04% | 0.45x | 1.59x | Rs-297.87 Million |
| 2018 | 0.00% | -121.31% | 0.79x | 0.00x | Rs-1.84 Billion |
| 2019 | 0.00% | -575.58% | 0.03x | 0.00x | Rs-174.03 Million |
| 2020 | 0.00% | -2933.61% | 0.01x | 0.00x | Rs-112.64 Million |
| 2021 | -108.18% | -497.06% | 0.02x | 12.97x | Rs-59.17 Million |
| 2022 | 4.72% | 6.59% | 0.60x | 1.20x | Rs-33.15 Million |
| 2023 | 0.41% | 4.13% | 0.07x | 1.45x | Rs-57.68 Million |
| 2024 | 50.70% | 113.31% | 0.39x | 1.15x | Rs496.43 Million |
| 2025 | 4.36% | 10.23% | 0.30x | 1.41x | Rs-125.65 Million |
| 2026 | -5.84% | -6.63% | 0.54x | 1.64x | Rs-342.55 Million |
Industry Comparison
This section compares MIC Electronics Limited's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,974,207,167
- Average return on equity (ROE) among peers: 22.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MIC Electronics Limited (MICEL) | Rs2.17 Billion | 1.93% | 0.63x | $111.50 Million |
| AVALON TECHNOLOGIES LTD (AVALON) | $5.37 Billion | 9.78% | 1.21x | $1.27 Billion |
| Cyient DLM Limited (CYIENTDLM) | $771.12 Million | 51.61% | 9.08x | $402.63 Million |
| IKIO Lighting Limited (IKIO) | $6.09 Billion | 6.21% | 0.26x | $135.79 Million |
| Kaynes Technology India Limited (KAYNES) | $1.40 Billion | 6.97% | 2.00x | $2.45 Billion |
| KRN Heat Exchanger and Refrigeration (KRN) | $255.31 Million | 41.48% | 2.63x | $819.68 Million |
| PG Electroplast Limited (PGEL) | $3.96 Billion | 19.57% | 2.81x | $1.74 Billion |
About MIC Electronics Limited
MIC Electronics Limited designs, develops, manufactures, and sells Light-Emitting Diode (LED) based street lights and video displays worldwide. The company offers outdoor lighting products, such as street, parking, flood, and industrial lights; solar LED lighting; and general LED lighting products. It also provides indoor displays, such as indoor video screens and digital posters; outdoor display… Read more