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02/12/2017 11:55:54
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Q:   Are the prospects for MIC Electronics Ltd looking good? (BSE Code: 532850; Price: Rs 11.50)

A: The Company developed integrated smart street lighting products and solar powered street lights with advanced battery technology. It is the first company that exclusively developed 3D Holographic Systems.

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https://youtu.be/kKo0xaD-tzc

It was given patents on LED TV, LED Portable Lantern, and LED Digital Poster in 2016-17. MIC Electronics, which supplies lighting products primarily to Public sector undertakings, is now concentrating on mass-market consumer base. On the financial front, it successfully converted a debt of Rs 86.59 crore into equity. The company is recovering from the persistent crisis of working capital. At last, it is set to emerge as a debt-free company. MIC earned Rs 2.53 crore as Net Profit in 2016-17, after incurring massive Net Loss of Rs 111 crore in the previous year. In the current financial year 2017-18, it posted a Net Profit of Rs 2.82 crore for the first quarter ended June 30, 2017, thus further improved its performance. The stock is expected to give good returns on investment.

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