ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. MIC Electronics's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹-734 Mil.
MIC Electronics's average Total Assets over the quarter that ended in Mar. 2026 was ₹3,542 Mil. Therefore, MIC Electronics's annualized ROA % for the quarter that ended in Mar. 2026 was -20.72%.
The historical rank and industry rank for MIC Electronics's ROA % or its related term are showing as below:
NSE:MICEL'
s ROA % Range Over the Past 10 Years
Min: -70.58 Med: -4.29 Max: 57.78
Current: -3.72
During the past 13 years, MIC Electronics's highest ROA % was 57.78%. The lowest was -70.58%. And the median was -4.29%.
NSE:MICEL's ROA % is ranked worse than 76.74% of 2502
companies
in the Hardware industry
Industry Median: 2.265
vs NSE:MICEL: -3.72
MIC Electronics (NSE:MICEL) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
MIC Electronics ROA % Related Terms
MIC Electronics ROA % Historical Data
* Premium members only.
The historical data trend for MIC Electronics's ROA % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Electronic Components subindustry, MIC Electronics's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MIC Electronics ROA % vs Hardware Industry
For the Hardware industry and Technology sector, MIC Electronics's ROA % distribution charts can be found below:
* The bar in red indicates where MIC Electronics's ROA % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
MIC Electronics (NSE:MICEL) has a ROA % of -20.72% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on MIC Electronics and its competitors. According to the industry distribution chart, MIC Electronics ranks #1920 out of 2502 companies in the Hardware industry, placing it in the top 76.7%.
Is MIC Electronics' ROA % too high?
MIC Electronics' current ROA % is -20.72%. Based on the distribution chart, MIC Electronics ranks #1920 out of 2502 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, MIC Electronics has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MIC Electronics' ROA % compare to APH and GLW?
According to the Hardware industry distribution chart, MIC Electronics ranks #1920 out of 2502 companies for ROA %. This places MIC Electronics in the lower half of its industry. The industry median ROA % is 2.27. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Hardware company?
The median ROA % among Hardware companies is 2.27, based on 2,502 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on MIC Electronics and its competitors. For the Hardware industry, the median ROA % is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIC Electronics's current ROA % is -20.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIC Electronics stock overvalued right now?
Based on GuruFocus' analysis, MIC Electronics (NSE:MICEL) is currently considered Possible Value Trap. The stock's GF Value™ is ₹207.41, compared to a current price of ₹40.42 — trading 80.5% below its estimated fair value. The current ROA % is -20.72%. MIC Electronics' overall GF Score™ is 71/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For MIC Electronics (NSE:MICEL), the current ROA % is -20.72% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is MIC Electronics (NSE:MICEL) Overvalued in 2026?
Based on GuruFocus' analysis, MIC Electronics stock appears to be undervalued.
The current stock price of ₹40.42 is trading 80.5% below its estimated GF Value™ of ₹207.41.
GuruFocus considers MIC Electronics to be Possible Value Trap.
Key valuation signals for NSE:MICEL:
ROA %: -20.72%
GF Value™: ₹207.41 vs. price of ₹40.42 (80.5% below fair value)
No single metric tells the full story. See the NSE:MICEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MIC Electronics Ltd designs, develops, and manufactures light-emitting diode (LED) video displays, and other electronic components. The operating segments of the group are LED products; Medical appliances and E Vehicles. Its products include LED lighting, LED displays, Oxygen concentrators, and Batteries. The company predominantly operates in India.
71GF Score
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