Cash flow MIC ELECTRONICS NSE India S.E.

Stocks

MIC

INE287C01029

Semiconductors

End-of-day quote NSE India S.E. 05/02/2024			5-day change	1st Jan Change
40.70 ^INR	+4.90%		+16.95%	+20.41%

09-10	MIC Electronics Limited completed the acquisition of Neo Semi SG Pte Limited for INR 56.8 million.	CI
07-31	MIC Electronics Limited Approves Incorporation Of Wholly Owned Subsidiary For Defence Related Activities	CI

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Published financial data: MIC ELECTRONICS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Revenues	449M	229M	546M	948M	1.91B
Other Revenues, Total	-	-	-	-	3.93M
Total Revenues	449M	229M	546M	948M	1.91B
Cost of Goods Sold, Total	302M	155M	296M	597M	1.38B
Gross Profit	148M	74.06M	250M	350M	527M
Selling General & Admin Expenses, Total	31.91M	35.51M	54.6M	77.32M	107M
Provision for Bad Debts	4.14M	-	-	-	513K
Depreciation & Amortization - (IS)	29.12M	23.74M	15.41M	16.06M	36.76M
Other Operating Expenses	40.85M	22.77M	70.46M	90.22M	160M
Other Operating Expenses, Total	106M	82.02M	140M	184M	304M
Operating Income	41.63M	-7.97M	110M	167M	223M
Interest Expense, Total	-18.68M	-6.98M	-16.54M	-42.75M	-53.31M
Interest And Investment Income	3.26M	10.23M	8.17M	8.36M	6.38M
Net Interest Expenses	-15.42M	3.25M	-8.37M	-34.38M	-46.93M
Currency Exchange Gains (Loss)	-11K	34K	-	222K	-10K
Other Non Operating Income (Expenses)	4.08M	7.26M	6.33M	-4.73M	-8.97M
EBT, Excl. Unusual Items	30.29M	2.58M	107M	128M	167M
Gain (Loss) On Sale Of Investments	-	-	3.64M	-	-
Gain (Loss) On Sale Of Assets	33K	47K	-	3.01M	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	66.2M	-	-
EBT, Incl. Unusual Items	30.32M	2.62M	177M	131M	167M
Income Tax Expense	695K	188K	-441M	32.37M	293M
Earnings From Continuing Operations	29.63M	2.44M	618M	98.31M	-126M
Net Income to Company	29.63M	2.44M	618M	98.31M	-126M
Net Income - (IS)	29.63M	2.44M	618M	98.31M	-126M
Net Income to Common Incl Extra Items	29.63M	2.44M	618M	98.31M	-126M
Net Income to Common Excl. Extra Items	29.63M	2.44M	618M	98.31M	-126M
Per Share Items
Net EPS - Basic	0.13	0.01	2.79	0.41	-0.52
Basic EPS - Continuing Operations	0.13	0.01	2.79	0.41	-0.52
Basic Weighted Average Shares Outstanding	221M	221M	221M	241M	241M
Net EPS - Diluted	0.13	0.01	2.79	0.4	-0.52
Diluted EPS - Continuing Operations	0.13	0.01	2.79	0.4	-0.52
Diluted Weighted Average Shares Outstanding	221M	221M	221M	241M	241M
Normalized Basic EPS	0.09	0.01	0.3	0.33	0.43
Normalized Diluted EPS	0.09	0.01	0.3	0.33	0.43
Supplemental Items
EBITDA	70.41M	15.44M	125M	183M	259M
EBITA	41.63M	-7.9M	110M	167M	223M
EBIT	41.63M	-7.97M	110M	167M	223M
EBITDAR	70.84M	16.49M	-	185M	262M
Total Revenues (As Reported)	463M	249M	566M	960M	1.92B
Effective Tax Rate - (Ratio)	2.29	7.16	-248.71	24.77	175.74
Total Current Taxes	439K	-	-	-	-
Total Deferred Taxes	256K	96K	-441M	32.37M	293M
Normalized Net Income	18.93M	1.61M	67.19M	79.79M	104M
Interest on Long-Term Debt	-	-	-	-	-
Non-Cash Pension Expense	0	21K	-182K	939K	2.14M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	6.2M	-	-	-	-
Net Rental Expense, Total	431K	1.05M	-	2.62M	2.43M
Imputed Operating Lease Interest Expense	316K	480K	-	3.01M	2.25M
Imputed Operating Lease Depreciation	115K	571K	-	-388K	180K
Maintenance & Repair Expenses, Total	1.54M	4.67M	3.14M	7.68M	4.58M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Assets
Cash And Equivalents	1.44M	3.72M	8.92M	66.46M	2.89M
Total Cash And Short Term Investments	1.44M	3.72M	8.92M	66.46M	2.89M
Accounts Receivable, Total	13.45M	28.16M	253M	841M	1.96B
Other Receivables	2.37M	2.47M	1.84M	3.92M	-
Notes Receivable	84.47M	70.49M	17.37M	17.37M	-
Total Receivables	100M	101M	272M	862M	1.96B
Inventory	94.29M	184M	128M	167M	315M
Prepaid Expenses	838K	214K	310K	-	-
Other Current Assets, Total	33.85M	35.7M	202M	641M	156M
Total Current Assets	231M	325M	611M	1.74B	2.43B
Gross Property Plant And Equipment	1.57B	1.57B	1.33B	1.54B	1.57B
Accumulated Depreciation	-1.06B	-1.07B	-1.07B	-1.08B	-1.11B
Net Property Plant And Equipment	515M	503M	257M	467M	457M
Long-term Investments	234K	6.57M	47.28M	17.7M	19.02M
Other Intangibles, Total	1.45M	29.72M	2.27M	19.84M	11.61M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	-	-	441M	409M	116M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	2.87M	10.15M	48.78M	489M	506M
Total Assets	751M	874M	1.41B	3.14B	3.54B
Liabilities
Accounts Payable, Total	5.05M	5.78M	33.61M	394M	657M
Accrued Expenses, Total	8.97M	13.42M	7.43M	11.61M	29.68M
Short-term Borrowings	48M	144M	114M	310M	300M
Current Portion of Long-Term Debt	7.34M	3.99M	519K	43.39M	49.18M
Current Income Taxes Payable	1.72M	-	-	-	-
Other Current Liabilities	17.5M	47.04M	28.1M	23.76M	235M
Total Current Liabilities	88.59M	214M	184M	783M	1.27B
Long-Term Debt	23.5M	18.05M	1.55M	126M	93.18M
Unearned Revenue Non Current	-	-	-	-	-
Pension & Other Post Retirement Benefits	319K	708K	1.24M	3.18M	6.26M
Deferred Tax Liability Non Current	246K	342K	-	-	-
Other Non Current Liabilities	347K	866K	1.03M	2.25M	3.97M
Total Liabilities	113M	234M	188M	914M	1.37B
Common Stock, Total	443M	443M	443M	482M	482M
Additional Paid In Capital	2.16B	2.16B	2.15B	3.01B	3.01B
Retained Earnings	-4.3B	-4.29B	-3.69B	-3.58B	-3.64B
Comprehensive Income and Other	2.32B	2.32B	2.32B	2.32B	2.32B
Total Common Equity	628M	630M	1.22B	2.23B	2.16B
Minority Interest	10M	10M	-	-	5.47M
Total Equity	638M	640M	1.22B	2.23B	2.17B
Total Liabilities And Equity	751M	874M	1.41B	3.14B	3.54B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	221M	221M	221M	241M	241M
ECS Total Common Shares Outstanding	221M	221M	221M	241M	241M
Book Value / Share	2.83	2.85	5.51	9.24	8.97
Tangible Book Value	626M	600M	1.22B	2.21B	2.15B
Tangible Book Value Per Share	2.83	2.71	5.5	9.15	8.92
Total Debt	78.84M	166M	117M	479M	442M
Net Debt	77.4M	162M	108M	413M	439M
Debt Equivalent of Unfunded Proj. Benefit Obligation	665K	1.58M	2.42M	6.44M	11.4M
Debt Equivalent Oper. Leases	3.45M	8.41M	-	20.94M	19.44M
Minority Interest, Total (Incl. Fin. Div)	10M	10M	-	-	5.47M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	21.83M	22.25M	39.76M	53.76M	38.51M
Inventories - Work In Process, Total	7.7M	42.08M	38.77M	107M	251M
Inventories - Finished Goods, Total	48.98M	92.98M	1.28M	756K	719K
Inventories - Others	178K	273K	298K	291K	1.29M
Land - (BS)	216M	210M	78.28M	78.28M	78.28M
Buildings, Total	222M	212M	162M	162M	162M
Machinery, Total	1.09B	1.08B	1.09B	1.3B	1.33B
Full Time Employees	38	69	82	81	90
Accumulated Allowance for Doubtful Accounts (Supple)	330M	329M	328M	328M	329M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Net Income	29.63M	2.44M	618M	98.31M	-126M
Depreciation & Amortization - CF	28.78M	23.34M	15.35M	15.92M	36.62M
Amortization of Goodwill and Intangible Assets - (CF)	-	69K	-	91K	91K
Depreciation & Amortization, Total	28.78M	23.41M	15.35M	16.01M	36.71M
Amortization of Deferred Charges, Total - (CF)	342K	333K	54K	51K	51K
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Other Operating Activities, Total	-67.16M	8.55M	8.2M	48.73M	361M
Change In Accounts Receivable	26.16M	-14.71M	-230M	-588M	-1.12B
Change In Inventories	-59.78M	-78.9M	3.34M	-81.34M	-130M
Change In Accounts Payable	-10.85M	730K	30.47M	360M	263M
Change In Deferred Taxes	-	96K	-441M	-	-
Change in Other Net Operating Assets	-523M	11.94M	-102M	-341M	743M
Cash from Operations	-576M	-46.12M	-97.42M	-487M	30.19M
Capital Expenditure	-82.81M	-24.7M	-	-226M	-26.15M
Sale of Property, Plant, and Equipment	-	12.77M	137M	-	-
Sale (Purchase) of Intangible assets	-	-27.53M	26.57M	-17.71M	8.09M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-3.26M	-10.23M	-7.92M	-428M	-10.68M
Cash from Investing	-86.07M	-49.68M	155M	-672M	-28.73M
Long-Term Debt Issued, Total	30.98M	95.58M	10.42M	320M	-
Total Debt Issued	30.98M	95.58M	10.42M	320M	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-	-	-37.18M
Total Debt Repaid	-	-	-	-	-37.18M
Issuance of Common Stock	282M	-	-	900M	1.33M
Other Financing Activities, Total	349M	2.5M	-62.69M	-3.56M	-29.17M
Cash from Financing	662M	98.08M	-52.27M	1.22B	-65.03M
Miscellaneous Cash Flow Adjustments	-	-	-	-	1K
Net Change in Cash	394K	2.28M	5.59M	57.54M	-63.57M
Supplemental Items
Cash Interest Paid	15.52M	6.87M	14.74M	40.57M	-
Cash Income Tax Paid (Refund)	-1.97M	1.72M	-441M	-	-
Levered Free Cash Flow	-403M	-96.48M	-178M	-859M	-142M
Unlevered Free Cash Flow	-391M	-92.12M	-168M	-832M	-109M
Change In Net Working Capital	363M	58.65M	278M	709M	267M
Net Debt Issued / Repaid	30.98M	95.58M	10.42M	320M	-37.18M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Profitability
Return on Assets	3.72	-0.61	6	4.58	4.17
Return on Total Capital	4.75	-0.65	6.39	5.15	5.24
Return On Equity %	8.62	0.38	66.5	5.71	-5.75
Return on Common Equity	8.74	0.39	66.86	5.71	-5.76
Margin Analysis
Gross Profit Margin %	32.85	32.33	45.81	36.95	27.59
SG&A Margin	7.1	15.5	10.01	8.16	5.6
EBITDA Margin %	15.67	6.74	22.88	19.27	13.59
EBITA Margin %	9.26	-3.45	20.07	17.59	11.67
EBIT Margin %	9.26	-3.48	20.07	17.58	11.67
Income From Continuing Operations Margin %	6.59	1.06	113.31	10.37	-6.62
Net Income Margin %	6.59	1.06	113.31	10.37	-6.62
Net Avail. For Common Margin %	6.59	1.06	113.31	10.37	-6.62
Normalized Net Income Margin	4.21	0.7	12.31	8.42	5.46
Levered Free Cash Flow Margin	-89.55	-42.12	-32.61	-90.61	-7.45
Unlevered Free Cash Flow Margin	-86.95	-40.21	-30.71	-87.79	-5.7
Asset Turnover
Asset Turnover	0.64	0.28	0.48	0.42	0.57
Fixed Assets Turnover	0.92	0.45	1.44	2.62	4.13
Receivables Turnover (Average Receivables)	16.94	11.01	3.88	1.73	1.36
Inventory Turnover (Average Inventory)	5.22	1.11	1.9	4.05	5.74
Short Term Liquidity
Current Ratio	2.6	1.52	3.32	2.22	1.91
Quick Ratio	0.19	0.16	1.43	1.16	1.54
Operating Cash Flow to Current Liabilities	-6.5	-0.22	-0.53	-0.62	0.02
Days Sales Outstanding (Average Receivables)	21.54	33.15	94.34	210.74	268.2
Days Outstanding Inventory (Average Inventory)	69.88	327.47	192.74	90.01	63.61
Average Days Payable Outstanding	10.21	8.08	30.11	122.55	125.38
Cash Conversion Cycle (Average Days)	81.22	352.54	256.97	178.21	206.43
Long Term Solvency
Total Debt/Equity	12.36	25.87	9.56	21.52	20.39
Total Debt / Total Capital	11	20.55	8.72	17.71	16.93
LT Debt/Equity	3.68	2.82	0.13	5.66	4.3
Long-Term Debt / Total Capital	3.28	2.24	0.12	4.66	3.57
Total Liabilities / Total Assets	15.05	26.75	13.35	29.11	38.79
EBIT / Interest Expense	2.23	-1.14	6.62	3.9	4.18
EBITDA / Interest Expense	3.77	2.21	7.55	4.27	4.87
(EBITDA - Capex) / Interest Expense	-0.66	-1.33	7.55	-1.01	4.38
Total Debt / EBITDA	1.12	10.73	0.93	2.62	1.7
Net Debt / EBITDA	1.1	10.49	0.86	2.26	1.69
Total Debt / (EBITDA - Capex)	-6.36	-17.89	0.93	-11.08	1.89
Net Debt / (EBITDA - Capex)	-6.25	-17.49	0.86	-9.54	1.88
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.02K	-49.03	138.23	73.64	101.37
Gross Profit, 1 Yr. Growth %	3.94K	-49.85	237.59	40.62	50.2
EBITDA, 1 Yr. Growth %	-557.85	-78.07	708.93	46.12	41.7
EBITA, 1 Yr. Growth %	-149.79	-118.97	-1.49K	52.14	33.4
EBIT, 1 Yr. Growth %	-149.79	-119.14	-1.47K	52.06	33.34
Earnings From Cont. Operations, 1 Yr. Growth %	-154.7	-91.78	25.29K	-84.1	-228.51
Net Income, 1 Yr. Growth %	-154.7	-91.78	25.29K	-84.1	-228.51
Normalized Net Income, 1 Yr. Growth %	-155.92	-91.49	4.07K	18.76	30.65
Diluted EPS Before Extra, 1 Yr. Growth %	-113	-92.31	27.8K	-85.66	-228.5
Accounts Receivable, 1 Yr. Growth %	-66.04	109.35	799.22	232.19	132.9
Inventory, 1 Yr. Growth %	343.32	95.01	-30.61	30.95	88.38
Net Property, Plant and Equip., 1 Yr. Growth %	11.35	-2.44	-48.82	81.54	-2.24
Total Assets, 1 Yr. Growth %	15.59	16.42	61.05	123.07	12.79
Tangible Book Value, 1 Yr. Growth %	1.16K	-4.12	102.72	81.22	-2.52
Common Equity, 1 Yr. Growth %	1.15K	0.39	93.52	82.51	-2.86
Cash From Operations, 1 Yr. Growth %	-60.69	-91.99	111.23	278.23	-106.2
Capital Expenditures, 1 Yr. Growth %	-	-70.17	-	-	-88.42
Levered Free Cash Flow, 1 Yr. Growth %	-39.19	-76.03	84.44	382.54	-83.42
Unlevered Free Cash Flow, 1 Yr. Growth %	-40.96	-76.43	81.95	396.36	-86.91
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	391.79	358.5	10.19	103.39	87.04
Gross Profit, 2 Yr. CAGR %	241.64	349.88	30.12	117.45	45.43
EBITDA, 2 Yr. CAGR %	-27.71	0.19	33.18	243.88	44.09
EBITA, 2 Yr. CAGR %	-55.48	-69.27	62.2	359.35	42.62
EBIT, 2 Yr. CAGR %	-55.48	-69.13	62.2	357.23	42.59
Earnings From Cont. Operations, 2 Yr. CAGR %	-64.83	-78.79	356.86	535.28	-54.8
Net Income, 2 Yr. CAGR %	-64.83	-78.79	356.86	535.28	-54.8
Normalized Net Income, 2 Yr. CAGR %	-64.44	-78.19	88.39	603.85	24.57
Diluted EPS Before Extra, 2 Yr. CAGR %	-82.73	-90	363.27	532.49	-56.65
Accounts Receivable, 2 Yr. CAGR %	-62.39	-15.69	333.88	446.55	178.15
Inventory, 2 Yr. CAGR %	-58.56	194.03	16.33	-4.68	57.06
Net Property, Plant and Equip., 2 Yr. CAGR %	-17.84	4.23	-29.33	-3.61	33.22
Total Assets, 2 Yr. CAGR %	-31.63	16	36.93	89.54	58.62
Tangible Book Value, 2 Yr. CAGR %	-30.04	247.36	39.42	91.67	32.91
Common Equity, 2 Yr. CAGR %	-29.94	254.78	39.39	87.94	33.15
Cash From Operations, 2 Yr. CAGR %	834.79	-82.26	-58.87	224.84	-51.56
Capital Expenditures, 2 Yr. CAGR %	4.88K	-	-	202.38	-
Levered Free Cash Flow, 2 Yr. CAGR %	107.9	-61.82	-33.51	198.33	-10.62
Unlevered Free Cash Flow, 2 Yr. CAGR %	105.8	-62.69	-34.51	200.52	-19.42
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	110.22	131	268.61	28.23	102.75
Gross Profit, 3 Yr. CAGR %	88	80.22	308.82	33.35	92.31
EBITDA, 3 Yr. CAGR %	-26.57	-51.43	101	37.38	156.13
EBITA, 3 Yr. CAGR %	-45.31	-66.5	9.42	58.78	204.42
EBIT, 3 Yr. CAGR %	-45.31	-66.4	9.42	58.75	203.49
Earnings From Cont. Operations, 3 Yr. CAGR %	-52.41	-78.33	125.17	49.15	272.92
Net Income, 3 Yr. CAGR %	-52.41	-78.33	125.17	49.15	272.92
Normalized Net Income, 3 Yr. CAGR %	-51.89	-77.92	25.67	61.53	301.51
Diluted EPS Before Extra, 3 Yr. CAGR %	-70.36	-86.81	40.78	45.45	274.26
Accounts Receivable, 3 Yr. CAGR %	-58.95	-33.34	85.59	296.92	311.28
Inventory, 3 Yr. CAGR %	-44.46	-30.56	81.7	21.01	19.62
Net Property, Plant and Equip., 3 Yr. CAGR %	-14.98	-13	-17.77	-3.22	-3.15
Total Assets, 3 Yr. CAGR %	-25.03	-18.36	29.41	61.12	59.43
Tangible Book Value, 3 Yr. CAGR %	-15.69	-22.29	190.28	52.15	53
Common Equity, 3 Yr. CAGR %	-15.61	-21.01	189.88	52.49	50.82
Cash From Operations, 3 Yr. CAGR %	417.45	91.29	-59.48	-5.45	-13.17
Capital Expenditures, 3 Yr. CAGR %	-	804.67	-	39.71	1.92
Levered Free Cash Flow, 3 Yr. CAGR %	53.01	1.19	-35.46	28.73	13.79
Unlevered Free Cash Flow, 3 Yr. CAGR %	50.2	-0.06	-36.73	28.64	5.72
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-27.91	-32.09	62.36	119.53	181
Gross Profit, 5 Yr. CAGR %	-28.4	-22.41	62.27	94.28	170.17
EBITDA, 5 Yr. CAGR %	20.35	-11.77	-6.83	6.26	75.96
EBITA, 5 Yr. CAGR %	-3.56	-40.55	-15.52	-4.52	21.65
EBIT, 5 Yr. CAGR %	-3.56	-40.44	-15.52	-4.53	21.64
Earnings From Cont. Operations, 5 Yr. CAGR %	-38.94	-73.64	17.6	-16.31	18.46
Net Income, 5 Yr. CAGR %	-38.94	-73.64	17.6	-16.31	18.46
Normalized Net Income, 5 Yr. CAGR %	-37.62	-62.62	-16.95	-11.82	25.23
Diluted EPS Before Extra, 5 Yr. CAGR %	-56.07	-80.43	-10.99	-37.98	-12.12
Accounts Receivable, 5 Yr. CAGR %	-47.6	-39.15	5.43	54.65	118.2
Inventory, 5 Yr. CAGR %	-39.81	-19.8	-25.35	-21.18	71.41
Net Property, Plant and Equip., 5 Yr. CAGR %	-12.25	-11.28	-21.04	-9.36	-0.27
Total Assets, 5 Yr. CAGR %	-26.16	-15.28	-4.6	14.35	40.38
Tangible Book Value, 5 Yr. CAGR %	-11.17	-4.97	3.1	11.51	112.38
Common Equity, 5 Yr. CAGR %	-11.15	-4.02	3.15	11.72	112.36
Cash From Operations, 5 Yr. CAGR %	21.46	-32.49	87.93	136.42	-53.99
Capital Expenditures, 5 Yr. CAGR %	35.31	-13.12	-	483.6	-
Levered Free Cash Flow, 5 Yr. CAGR %	-15.88	-36.29	9.63	55.94	-26.48
Unlevered Free Cash Flow, 5 Yr. CAGR %	-19.16	-38.76	7.76	55.24	-30.31