MIC Electronics Limited was listed on the NSE/BSE on May 30, 2007. In the last five years, its stock has given a massive return of around 250%. Will MIC Electronics continue to provide such great returns in the future as well? Let’s explore MIC Electronics’ growth potential and the MIC Electronics share price target 2025 to 2050 in this article.
About MIC Electronics
MIC Electronics Ltd. is one of the well-known brands in India’s LED industry. It was founded in 1988. It manufactures LED displays, lighting solutions, and other electronic devices. It also designs digital display boards for public areas like train stations, bus stops, and stadiums. It also offers LED lighting for streets, offices, and industries.
MIC Electronics Limited Business Model
- LED Display Solutions Business: MIC Electronics designs, develops, and manufactures LED video and text display systems used in transportation, infrastructure, and advertising. It provides customized LED display solutions to clients in sectors such as railways, airports, sports stadiums, and outdoor advertising. These include passenger information systems, destination boards, and digital signage.
- Turnkey Project Execution: The company also engages in turnkey projects where it handles end-to-end implementation—from designing and supplying to installing and commissioning LED-based display and lighting systems. This business model enables MIC to participate in large-scale infrastructure and public sector contracts.
- LED Lighting Solutions: MIC offers energy-efficient LED lighting products for street lighting, industrial use, and commercial applications. It works with government bodies and urban local authorities under initiatives like Smart City projects and Energy Efficiency Services Limited (EESL) programs, providing recurring revenue through supply and maintenance contracts.
MIC Electronics Fundamental Analysis
| Stock Name | MIC Electronics Ltd. |
|---|---|
| NSE Symbol | MICEL |
| Market Cap | ₹ 1414 Cr. |
| 52W High | ₹ 115 |
| 52W Low | ₹ 43.9 |
| Stock P/E | 25.3 |
| Book Value | ₹ 8.96 |
| Dividend Yield | 0.00 % |
| ROCE | 12.3 % |
| ROE | 60.3 % |
| Face Value | ₹ 2.00 |
| Industry PE | 54.8 |
| Price to book value | 6.57 |
| Debt to equity | 0.20 |
| PEG Ratio | 0.79 |
| Quick ratio | 1.59 |
| Shareholders | March 2023 | March 2024 | March 2025 |
|---|---|---|---|
| Promoters | 74.63% | 74.59% | 66.48% |
| FIIs | 0.00% | 0.00% | 3.80% |
| DIIs | 0.00% | 0.00% | 0.00% |
| Public | 25.37% | 25.41% | 29.72% |
| No. of Shareholders | 59,005 | 87,335 | 1,85,677 |
Key Factors Driving MIC Electronics’ Future Growth
- Revival of Railway Display Contracts: MIC Electronics has long been a major supplier of digital display boards to the Indian Railways. With the government’s ongoing efforts towards railway modernisation, including station upgrades and real-time passenger information systems, MIC can expect an increase in orders from Indian Railways.
- Expansion in Smart Mobility and Public Display Solutions: The transition to smart mobility and digital infrastructure generates significant tailwinds for MIC’s product portfolio. Its LED display technology is relevant for traffic management, advertising, and smart bus stop installations, all of which are rapidly gaining popularity in urban India.
- Rising Adoption of Energy-Efficient LED Solutions: As both the public and private sectors want to reduce energy consumption, the demand for energy-efficient LED lighting and display systems is increasing. With a focus on indigenous and cost-effective solutions, MIC Electronics is likely to benefit significantly from this transition, particularly in government-backed infrastructure projects.
- Expansion into the EV ecosystem: MIC Electronics is increasing its efforts to enter the electric vehicle (EV) market by establishing a battery division that will manufacture a variety of EV batteries, including lithium-ion batteries. By the end of the fiscal year, the company hopes to earn ₹45-60 crore from this segment. MIC Electronics has also acquired a stake in a multi-brand electric two-wheeler dealership and is in advanced talks to expand into EV charging and service infrastructures, aligning with India’s growing e-mobility scene.
Pros of MIC Electronics
- Strong Sales Growth: MIC Electronics has achieved a strong sales growth of 269% CAGR over the last three years.
- Strong Profit Growth: MIC Electronics has achieved a strong profit growth of 130% CAGR over the last three years.
- Low PE Ratio Compared to Peers: MIC Electronics has a PE ratio of 25.3, which is lower than the industry average of 54.8, making it relatively undervalued and potentially a good investment opportunity.
- Low Debt Levels: With a low debt-to-equity ratio of 0.20, MIC Electronics has a minimum dependency on debt, reducing financial risk and interest expenses.
Cons of MIC Electronics
- Decreasing Sales – MIC Electronics’ sales is decreasing at a CAGR of -4%. over the last ten Years.
- Low Return on Capital Employed (ROCE): MIC Electronics’ 5-year average ROCE is -190%, indicating inefficient use of capital to generate profits.
- High Price to Book Value: MIC Electronics’ stock is trading at a Price-to-Book Value (P/B) ratio of 6.57, which indicates that its stock is significantly overvalued compared to its book value. This high valuation may limit future upside potential and pose a risk of correction if market sentiment changes.
- Decrease in FIIs Holding: Foreign Institutional Investors (FIIs) have reduced their holding from 4.15% in December 2024 to 3.80% in March 2025, indicating a decline in FII’s confidence in the company’s future growth prospects.
MIC Electronics Ltd Balance Sheet
| Particulars | March 2023 | March 2024 | Sept 2024 |
|---|---|---|---|
| Equity Capital | 44 | 44 | 48 |
| Reserves | 16 | 78 | 168 |
| Borrowings | 11 | 12 | 43 |
| Other Liabilities | 3 | 7 | 9 |
| Total Liabilities | 73 | 141 | 268 |
| Fixed Assets | 41 | 26 | 28 |
| CWIP | 3 | 0 | 0 |
| Investments | 3 | 0 | 51 |
| Other Assets | 26 | 115 | 189 |
| Total Assets | 73 | 141 | 268 |
By the end of 2025, the MIC Electronics share price is expected to be around ₹70 in normal conditions. In a bear market, it might be ₹50, and in a bull market, it may go up to ₹90.
| MIC Electronics Share Price Target 2025 | Rupees (₹) |
|---|---|
| Bear Market | 50 |
| Normal Market | 70 |
| Bull Market | 90 |
In 2026, the MIC Electronics share price is expected to be around ₹90 in a normal situation. In a bear market, it might be ₹60, and in a bull market, it may cross ₹120.
| MIC Electronics Share Price Target 2026 | Rupees (₹) |
|---|---|
| Bear Market | 60 |
| Normal Market | 90 |
| Bull Market | 120 |
According to our analysis, the MIC Electronics share price is expected to be around ₹100 in 2027. In a bear market, it might be ₹65, and in a bull market, it may cross ₹150.
| MIC Electronics Share Price Target 2027 | Rupees (₹) |
|---|---|
| Bear Market | 65 |
| Normal Market | 100 |
| Bull Market | 150 |
According to our analysis, the MIC Electronics share price may trade near ₹120 by 2028; bearish conditions could pull it down to ₹70, while a strong bull run might lift it to ₹200.
| MIC Electronics Share Price Target 2028 | Rupees (₹) |
|---|---|
| Bear Market | 70 |
| Normal Market | 120 |
| Bull Market | 200 |
Under normal conditions, the MIC Electronics share price might hit ₹150 by 2029. A bearish trend could lower it to ₹80, whereas a bullish surge could raise it to ₹260.
| MIC Electronics Share Price Target 2029 | Rupees (₹) |
|---|---|
| Bear Market | 80 |
| Normal Market | 150 |
| Bull Market | 260 |
In a normal situation, the MIC Electronics share price is projected to be approximately ₹180 in 2030. In a bear market, the value may be as low as ₹90, while in a bull market, it may rise to ₹350.
| MIC Electronics Share Price Target 2030 | Rupees (₹) |
|---|---|
| Bear Market | 90 |
| Normal Market | 180 |
| Bull Market | 350 |
By 2035, the MIC Electronics share price is projected to be around ₹350 under normal conditions. In adverse markets, the price could fall to ₹130, while favorable conditions might push it up to ₹1050.
| MIC Electronics Share Price Target 2035 | Rupees (₹) |
|---|---|
| Bear Market | 130 |
| Normal Market | 350 |
| Bull Market | 1050 |
Under normal conditions, the MIC Electronics share price might hit ₹700 by 2040. A bearish trend could lower it to ₹200, whereas a bullish surge could raise it to ₹3150.
| MIC Electronics Share Price Target 2040 | Rupees (₹) |
|---|---|
| Bear Market | 200 |
| Normal Market | 700 |
| Bull Market | 3150 |
In 2050, the MIC Electronics share price is expected to be around ₹2800 in a normal situation. In a bear market, it might be ₹600, and in a bull market, it may go up to ₹18,900.
| MIC Electronics Share Price Target 2050 | Rupees (₹) |
|---|---|
| Bear Market | 600 |
| Normal Market | 2800 |
| Bull Market | 18,900 |
| Years | Target Price |
|---|---|
| MIC Electronics Share Price Target 2025 | ₹50 to ₹90 |
| MIC Electronics Share Price Target 2026 | ₹60 to ₹120 |
| MIC Electronics Share Price Target 2027 | ₹65 to ₹150 |
| MIC Electronics Share Price Target 2028 | ₹70 to ₹200 |
| MIC Electronics Share Price Target 2029 | ₹80 to ₹260 |
| MIC Electronics Share Price Target 2030 | ₹90 to ₹350 |
| MIC Electronics Share Price Target 2035 | ₹130 to ₹1050 |
| MIC Electronics Share Price Target 2040 | ₹200 to ₹3150 |
| MIC Electronics Share Price Target 2050 | ₹600 to ₹18,900 |
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
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