# MIC Electronics share price today (MIC Electronics Ltd, NSE: MICEL)

> MIC Electronics share price today: ₹35.69 at the NSE close on 3 November 2026, down 32.6% in a year. MIC Electronics (NSE: MICEL) is worth ₹1,064 crore, trades at a P/E of 105.9 and has closed between ₹31.54 and ₹55.07 over the past 52 weeks. > MIC Electronics Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. MICEL · Electronics - Equipment/Components · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/mic-electronics-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹35.69 (−32.6% in a year)
- P/E: 105.9× (lower than 52% of the last 10 years)
- Revenue (Jun 2026): ₹43.7 Cr (+276.6% on a year ago)
- Profit (Jun 2026): ₹2.1 Cr (+27.5% on a year ago)
- Operating margin: 9.7% (−25.7 points on a year ago)
- ROCE: 9%, FY26
- ROIC: −6.0%, against a 12.0% cost of capital: −18.0 points

The main question: profits are rising, but only −160% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the MIC Electronics share price today? MIC Electronics Ltd's share price was ₹35.69 at the close on 3 November 2026. It has been falling for 87 weeks. That is 11.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹32 and ₹55, and at that close it sat 18% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 3 weeks in a row. Over the last 11 years the share price moved +91% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at MIC Electronics this quarter? 7 points on a year earlier, foreign funds (FIIs) raised their stake for 3 quarters in a row and promoters cut their stake for 6 quarters in a row. 1. Operating margin down 25.7 points on a year earlier 9.7% in the June 2026 quarter, from 35.4%. 2. Foreign funds (FIIs) raised their stake for 3 quarters in a row From 0.2% to 20.4% of the company by the September 2026 quarter. 3. Promoters cut their stake for 6 quarters in a row From 66.5% to 41.7% of the company by the September 2026 quarter. ## What are MIC Electronics' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), MIC Electronics reported revenue of ₹43.7 crore, up 276.6% from ₹11.6 crore a year earlier, and a profit of ₹2.13 crore, up 27.5% from ₹1.67 crore. ### MIC Electronics results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹43.7 crore | ₹11.6 crore | +276.6% |
| Profit | ₹2.13 crore | ₹1.67 crore | +27.5% |
| Earnings per share | ₹0.09 | ₹0.07 | +28.6% |
| Operating margin | 9.7% | 35.4% | −25.7 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the MIC Electronics share price history? MIC Electronics closed at ₹35.69 on 3 November 2026, down 32.6% from ₹52.97 a year earlier (31 October 2025) and up 98.8% over five years. Its highest weekly close since March 2016 was ₹99.98 on 27 September 2024. ### MIC Electronics share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹37.38 | −4.5% |
| 1 month ago · 1 Oct 2026 | ₹35.80 | −0.3% |
| 6 months ago · 30 Apr 2026 | ₹43.17 | −17.3% |
| 1 year ago · 31 Oct 2025 | ₹52.97 | −32.6% |
| 3 years ago · 3 Nov 2023 | ₹39.55 | −9.8% |
| 5 years ago · 24 Dec 2021 | ₹17.95 | +98.8% |
| 10 years ago · 4 Nov 2016 | ₹15.80 | +125.9% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹18.70 | +90.9% |
| Highest weekly close since March 2016 · 27 Sep 2024 | ₹99.98 | −64.3% |
| Lowest weekly close since March 2016 · 11 Oct 2019 | ₹0.40 | +8,822.5% |
| 52-week high (weekly close) · 8 May 2026 | ₹55.07 | −35.2% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹31.54 | +13.2% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (533 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on MIC Electronics? 3 Nov 2026: MIC Electronics closed at ₹35.69, down 4.5% on the week and down 0.3% on the month. Results for April to June 2026: Revenue up 276.6% and profit up 27.5% on a year earlier. ## What dividend does MIC Electronics pay? MIC Electronics has paid no dividend on the NSE since 1 April 2021, the start of the period we checked. No. MIC Electronics Ltd paid out 0% of its profit as dividends in each of its last 13 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 4 November 2026.)

## Which stock lists is MIC Electronics on? MIC Electronics is on one of our India lists: Penny stocks. [Penny stocks Earnings growth, 12 months (%): -100](https://www.sectoralpha.in/penny-stocks-india)

## Is MIC Electronics profitable? MIC Electronics Ltd earned ₹2.1 Cr of net profit in the Jun 2026 quarter, +27.5% on the same quarter a year earlier. The full FY26 year was a loss of ₹13.0 Cr. That is 4.9% of the quarter's revenue. The same quarter a year earlier earned ₹1.7 Cr. 1 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was −₹13.0 Cr (−230.0% on the year before). Why profit moved: revenue changed +276.6% on a year earlier and the margin moved −25.7 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −149.5% and revenue +248.9%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does MIC Electronics make, and is it growing? MIC Electronics Ltd reported ₹43.7 Cr of revenue in the Jun 2026 quarter, +276.6% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 10 years it has grown −0.8% a year on average. The last full year, FY26, came in at ₹191 Cr. The last four reported quarters add to ₹223 Cr. FY26 revenue was ₹191 Cr, +101.1% on the year before. Recent pace: the last four quarters grew +248.9% on average, against −0.8% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +132.7%, against +90.3% a year over the last 8 quarters (accelerating). ## How much of every ₹100 of sales does MIC Electronics keep? MIC Electronics Ltd's operating margin was 9.7% in the Jun 2026 quarter, 25.7 percentage points lower than the same quarter a year ago. Across 13 years it has been between −919.0% and 23.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −25.7 percentage points on the year while gross margin changed −43.6 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is MIC Electronics' profit turning into cash? Over the last 3 years MIC Electronics Ltd's operations used more cash than they brought in, so cash conversion was −160%, a gap worth watching. In FY26 it brought in ₹3.0 Cr of operating cash against −₹13.0 Cr of profit. After ₹2.0 Cr of spending on assets, ₹1.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does MIC Electronics' cash go? MIC Electronics Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹191 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹2.0 Cr on assets over the last 3 years. Averaged over those years that is 0.3% of FY26 revenue a year. Spending on assets: ₹2.0 Cr over the last 3 years, against ₹8.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹1.0 Cr (FY26): assets paid for that are not earning yet. In short: most of the cash goes on covering the loss, not on new assets; spending on assets is small next to it. ## What is MIC Electronics' P/E ratio, and how does it compare with its own history? MIC Electronics Ltd's P/E is 105.9×, in the middle of its own history: higher than 48% of past readings. Its usual P/E (the middle reading) is 109.8×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −226.8% while the price moved −32.6%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 10 years the price moved +8.5% a year; about −22.7% a year came from earnings growth and about +31.2 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the MIC Electronics business getting better or worse? MIC Electronics Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −227.6% in the latest quarter, against +2618.5% at its best in 12 quarters, with ROCE rising at 9.9%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does MIC Electronics earn on its capital? MIC Electronics Ltd earned a ROCE of 9% in FY26. That is up from a low of −242% in FY20. Its return on capital used (ROIC) is 18.0 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a −6.8% net margin and 0.54× asset turnover (sales divided by assets). Why the return is what it is (FY26): a −6.8% net margin × 0.54× asset turnover × 1.64× leverage (assets divided by equity) ≈ −6.0% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: −6.0% − 12.0% = −18.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does MIC Electronics have too much debt? MIC Electronics Ltd has total debt of ₹47.0 Cr against shareholder equity of ₹217 Cr as of Jun 2026, so its debt is 0.22× its equity, which is very little. Year by year, that ratio went from 0.13 in FY22 to 0.20 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the MIC Electronics shareholding pattern? Promoters cut their stake in MIC Electronics Ltd by 24.7 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 41.7% of the company. Foreign institutions moved +15.6 points over the same period, to 20.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Why the owners changed: promoters drove it (−24.7 points), with the other side taken by foreign institutions (+15.6 points). They reduced their stake. ## How far is MIC Electronics from balance-sheet trouble? For MIC Electronics Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does MIC Electronics rank in its industry? 42.0 out of 100, rank 5 of 7 in Electronics - Equipment/Components, with 61% of the evidence available. MIC Electronics Ltd scores 42.0 out of 100 against the 7 companies it is compared with in Electronics - Equipment/Components, ranking 5. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 13.8 + 9.4 + 10 + 8.8 = 42. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is MIC Electronics compared with? MIC Electronics ranks 5 of 7 Electronics - Equipment/Components companies on the 4-Factor Sector Score, with 42.0 out of 100. 1. [Genus Power Infrastructures Ltd](https://www.sectoralpha.in/stocks/genus-power-infrastructures-ltd) GENUSPOWER · basing · Most evidence points up · 89% evidence 71.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 28.0/35 · Revenue 74.2% · Profit 63% · Operating margin change -2 points · 88% evidence Capital efficiency 18.8/25 · ROCE 25.3% · Operating margin 19% · 100% evidence Valuation 11.1/20 · P/E 12.8× · PEG 1.78 · 65% evidence Relative strength 13.4/20 · Lead over its industry 0.7% · Lead over NIFTY 500 -3.1% · 1 year -18.3% · 100% evidence · 2 of 12 weeks ahead Exact sum: 28 + 18.8 + 11.1 + 13.4 = 71.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Hirect Ltd](https://www.sectoralpha.in/stocks/hirect-ltd) HIRECT · losing its lead · Most evidence points up · 89% evidence 66.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue 32% · Profit 39.5% · Operating margin change 0 points · 88% evidence Capital efficiency 18.9/25 · ROCE 23.7% · Operating margin 11% · 100% evidence Valuation 12.2/20 · P/E 57.2× · PEG 1.1 · 65% evidence Relative strength 13.4/20 · Lead over its industry 11.2% · Lead over NIFTY 500 5.6% · 1 year 2.9% · 100% evidence · 9 of 12 weeks ahead Exact sum: 22.3 + 18.9 + 12.2 + 13.4 = 66.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Elpro International Ltd](https://www.sectoralpha.in/stocks/elpro-international-ltd) ELPROINTL · losing its lead · Evidence leans up · 71% evidence 61.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.8/35 · Revenue 53.2% · Profit 40.2% · Operating margin change 14 points · 83% evidence Capital efficiency 9.7/25 · ROCE 6.6% · Operating margin 85% · 76% evidence Valuation 10.8/20 · P/E 22.2× · PEG n/a · 15% evidence Relative strength 14.3/20 · Lead over its industry 45.3% · Lead over NIFTY 500 36.8% · 1 year 97.3% · 100% evidence · 2 of 12 weeks ahead Exact sum: 26.8 + 9.7 + 10.8 + 14.3 = 61.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [RIR Power Electronics Ltd](https://www.sectoralpha.in/stocks/rir-power-electronics-ltd) RIR · quiet · Evidence leans down · 68% evidence 43.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.3/35 · Revenue 13.3% · Profit 6.9% · Operating margin change -3.4 points · 100% evidence Capital efficiency 13.6/25 · ROCE 8% · Operating margin 13.6% · 100% evidence Valuation 8.5/20 · P/E 112× · PEG n/a · 15% evidence Relative strength 8.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -22.5% · 1 year -54.2% · 25% evidence · 4 of 6 weeks ahead Exact sum: 13.3 + 13.6 + 8.5 + 8.2 = 43.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. MIC Electronics Ltd this page MICEL · turning · Evidence leans down · 61% evidence 42.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.8/35 · Revenue 100% · Profit -80% · Operating margin change -25.7 points · 88% evidence Capital efficiency 9.4/25 · ROCE 8.7% · Operating margin 9.7% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 8.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -6.5% · 1 year -33% · 25% evidence · 1 of 12 weeks ahead Exact sum: 13.8 + 9.4 + 10 + 8.8 = 42 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Elin Electronics Ltd](https://www.sectoralpha.in/stocks/elin-electronics-ltd) ELIN · Most evidence points down · 66% evidence 33.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.2/43.75 · Revenue 14.7% · Profit -80% · Operating margin change -4.9 points · 88% evidence Capital efficiency 9.5/31.25 · ROCE 6.6% · Operating margin 1.1% · 100% evidence Valuation 13.0/25 · P/E 25.7× · PEG n/a · 50% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 11.2 + 9.5 + 13 = 33.7 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 7. [Spel Semiconductor Ltd](https://www.sectoralpha.in/stocks/spel-semiconductor-ltd) SPELS · quiet · Too little evidence to rank firmly · 49% evidence 26.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.0/35 · Revenue -42.3% · Profit 15% · Operating margin change -1021.5 points · 65% evidence Capital efficiency 2.3/25 · ROCE 0.1% · Operating margin n/a · 84% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -26.1% · 1 year -48% · 25% evidence · 0 of 5 weeks ahead Exact sum: 7 + 2.3 + 10 + 7.5 = 26.8 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Electronics - Equipment/Components](https://www.sectoralpha.in/sectors/electronics-equipment-components), all 7 compared on one page. ## Which companies are close to MIC Electronics in size? MIC Electronics is the 4th largest of 7 Electronics - Equipment/Components companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Genus Power Infrastructures, Hirect and Elpro International. Just below it: RIR Power Electronics, Spel Semiconductor and Elin Electronics. ### Electronics - Equipment/Components companies close in size

1. [Genus Power Infrastructures Ltd](https://www.sectoralpha.in/stocks/genus-power-infrastructures-ltd) ₹8,321 crore
2. [Hirect Ltd](https://www.sectoralpha.in/stocks/hirect-ltd) ₹3,382 crore
3. [Elpro International Ltd](https://www.sectoralpha.in/stocks/elpro-international-ltd) ₹2,874 crore
4. MIC Electronics Ltd ₹1,055 crore
5. [RIR Power Electronics Ltd](https://www.sectoralpha.in/stocks/rir-power-electronics-ltd) ₹1,052 crore
6. [Spel Semiconductor Ltd](https://www.sectoralpha.in/stocks/spel-semiconductor-ltd) ₹469 crore
7. [Elin Electronics Ltd](https://www.sectoralpha.in/stocks/elin-electronics-ltd) ₹440 crore

[All 7 Electronics - Equipment/Components companies, largest first](https://www.sectoralpha.in/sectors/electronics-equipment-components#all-companies)

### Companies close in size in other industries

1. [Pervasive Commodities Ltd](https://www.sectoralpha.in/stocks/pervasive-commodities-ltd) ₹1,060 crore · Trading
2. [Sahasra Electronic Solutions Ltd](https://www.sectoralpha.in/stocks/sahasra-electronic-solutions-ltd) ₹1,057 crore · Electronics - Others
3. MIC Electronics Ltd ₹1,055 crore
4. [Monte Carlo Fashions Ltd](https://www.sectoralpha.in/stocks/monte-carlo-fashions-ltd) ₹1,055 crore · Textiles - Readymade Apparel
5. [Faze Three Ltd](https://www.sectoralpha.in/stocks/faze-three-ltd) ₹1,053 crore · Textiles - Home Textile

## What else do people ask about MIC Electronics? ### What is MIC Electronics's share price today? MIC Electronics Ltd's share price is ₹35.69, −32.6% over the past year. The whole company is worth ₹1,064 Cr on the market. In the last 52 weeks it traded between ₹32 to ₹55; today it is 18% of the way up from the low, 11.3% below its 200-day average (as of 3 November 2026). ### What were MIC Electronics's latest quarterly results? MIC Electronics Ltd reported revenue of ₹43.7 Cr and net profit of ₹2.1 Cr for the Jun 2026 quarter. Revenue rose 276.6% and profit rose 27.5% compared with a year earlier. Earnings per share were ₹0.09. The operating margin was 9.7%, 25.7 percentage points lower than a year earlier (as of 3 November 2026). ### What is MIC Electronics's market cap? MIC Electronics Ltd's market capitalisation is ₹1,064 Cr at a share price of ₹35.69. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is MIC Electronics performing? MIC Electronics Ltd's share price has been falling for 87 weeks. In its latest quarter, revenue rose 276.6% and profit rose 27.5% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 3 weeks running (as of 3 November 2026). ### Will MIC Electronics's share price go up? This page does not forecast MIC Electronics Ltd's share price. What it shows instead: the share price is ₹35.69, and it has been falling for 87 weeks. Its P/E of 105.9× is higher than 48% of its own last 10 years (as of 3 November 2026). ### Who owns MIC Electronics? Promoters own 41.7% of MIC Electronics Ltd, foreign institutions 20.4%, domestic institutions, and the public 37.9% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 24.7 percentage points over 8 quarters (as of 3 November 2026). ### Does MIC Electronics have too much debt? No, MIC Electronics Ltd has little debt: its debt is 0.20× its equity, and its operating profit is 4 times its interest bill. FY26 borrowings were ₹44.0 Cr against equity of ₹216 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is MIC Electronics in its business cycle? MIC Electronics Ltd's FY26 operating margin was 13.0%, against a 13-year range of −919.0% to 23.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 9.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the MIC Electronics story? The main question: profits are rising, but only −160% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is MIC Electronics a stock worth studying right now? What the numbers show: MIC Electronics Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- Penny stocks: https://www.sectoralpha.in/penny-stocks-india

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