MIC ELECTRONICS (India) Today

Equity ratings for MIC ELECTRONICS LT are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of November 2021 and ending today, the 24th of May 2022. Click here to learn more.
MIC ELECTRONICS LT cannot be verified against its exchange. Apparently, MIC ELECTRONICS is not available for investing at the moment. Please verify the symbol is currently traded on National Stock Exchange of India. If you still believe the symbol you are trying to look up is valid please let us know and we will check it as soon as possible.
Refresh

MIC ELECTRONICS Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. MIC ELECTRONICS's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding MIC ELECTRONICS or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
MIC ELECTRONICS LT is not yet fully synchronised with the market data
MIC ELECTRONICS LT has some characteristics of a very speculative penny stock
MIC ELECTRONICS LT has high likelihood to experience some financial distress in the next 2 years
The company has accumulated 148.6 M in total debt with debt to equity ratio (D/E) of 3.6, implying the company greatly relies on financing operations through barrowing. MIC ELECTRONICS LT has a current ratio of 0.26, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist MIC ELECTRONICS until it has trouble settling it off, either with new capital or with free cash flow. So, MIC ELECTRONICS's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like MIC ELECTRONICS LT sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for MIC ELECTRONICS to invest in growth at high rates of return. When we think about MIC ELECTRONICS's use of debt, we should always consider it together with cash and equity.
The entity reported the revenue of 48.4 M. Net Loss for the year was (274.9 M) with profit before overhead, payroll, taxes, and interest of 22.2 M.
MIC ELECTRONICS LT has accumulated about 17.8 M in cash with (8.32 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of MIC ELECTRONICS's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedUndervalued
MIC ELECTRONICS LT (MIC) is traded on National Stock Exchange of India in India and employs 157 people. The company currently falls under 'Small-Cap' category with current market capitalization of 117.1 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate MIC ELECTRONICS's market, we take the total number of its shares issued and multiply it by MIC ELECTRONICS's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. MIC ELECTRONICS LT operates under Technology sector and is part of Electronic Components industry. The entity has 220.25 M outstanding shares. MIC ELECTRONICS LT has accumulated about 17.8 M in cash with (8.32 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.08.
Check MIC ELECTRONICS Probability Of Bankruptcy

MIC ELECTRONICS Stock Against Markets

Picking the right benchmark for MIC ELECTRONICS stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in MIC ELECTRONICS stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for MIC ELECTRONICS is critical whether you are bullish or bearish towards MIC ELECTRONICS LT at a given time.
MIC ELECTRONICS LT cannot be verified against its exchange. Apparently, MIC ELECTRONICS is not available for investing at the moment. Please verify the symbol is currently traded on National Stock Exchange of India. If you still believe the symbol you are trying to look up is valid please let us know and we will check it as soon as possible.
Refresh

Try Other Stock Suggestions

View Currently Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MIC ELECTRONICS stock to make a market-neutral strategy. Peer analysis of MIC ELECTRONICS could also be used in its relative valuation, which is a method of valuing MIC ELECTRONICS by comparing valuation metrics with similar companies.

Investing MIC ELECTRONICS LT

You need to understand the risk of investing before taking a position in MIC ELECTRONICS. The danger of trading MIC ELECTRONICS LT is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of MIC ELECTRONICS is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than MIC ELECTRONICS. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MIC ELECTRONICS LT is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Stocks Correlation. Note that the MIC ELECTRONICS LT information on this page should be used as a complementary analysis to other MIC ELECTRONICS's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Other Tools for MIC ELECTRONICS Stock

When running MIC ELECTRONICS LT price analysis, check to measure MIC ELECTRONICS's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MIC ELECTRONICS is operating at the current time. Most of MIC ELECTRONICS's value examination focuses on studying past and present price action to predict the probability of MIC ELECTRONICS's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move MIC ELECTRONICS's price. Additionally, you may evaluate how the addition of MIC ELECTRONICS to your portfolios can decrease your overall portfolio volatility.
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Go
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Go
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
Price Ceiling Movement
Calculate and plot Price Ceiling Movement for different equity instruments
Go