MIC Electronics (NSE:MICEL) ROCE %: 22.52% (As of Mar. 2026)

What is MIC Electronics ROCE %?

MIC Electronics NSE:MICEL -2.15% 71 ROCE % is 22.52% as of Mar. 2026. GuruFocus rates NSE:MICEL with a GF Score™ of 71/100 and a GF Value™ of ₹207.41 (Possible Value Trap). The stock has 2 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. MIC Electronics's annualized ROCE % for the quarter that ended in Mar. 2026 was 22.52%.

MIC Electronics (NSE:MICEL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

MIC Electronics ROCE % Related Terms

MIC Electronics ROCE % Historical Data

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The historical data trend for MIC Electronics's ROCE % 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.

MIC Electronics ROCE % Chart

MIC Electronics Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

ROCE %

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10.07

0.89

21.23

9.87

9.82

MIC Electronics Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															13.97	5.67	5.71	5.28	22.52

71GF Score

MIC Electronics Ltd NSE:MICEL

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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MIC Electronics ROCE % Calculation

MIC Electronics's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2026 )		(A: Mar. 2025 )		(A: Mar. 2026 )
	=	227.282	/	( ( (3139.93 - 782.608)	+	(3541.537 - 1270.484) )	/ 2 )
	=	227.282	/	( (2357.322	+	2271.053)	/ 2 )
	=	227.282	/	2314.1875
	=	9.82 %

MIC Electronics's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	511.332	/	( ( (0 - 0)	+	(3541.537 - 1270.484) )	/ 1 )
	=	511.332	/	( ( 0	+	2271.053 )	/ 1 )
	=	511.332	/	2271.053
	=	22.52 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 22.52% mean?

MIC Electronics (NSE:MICEL) has a ROCE % of 22.52% as of Mar. 2026.

Is MIC Electronics' ROCE % too high?

MIC Electronics' current ROCE % is 22.52%. The Hardware industry median ROCE % is 5.81. MIC Electronics' value of 22.52% is 287.6% above this industry median. 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' ROCE % compare to APH and GLW?

MIC Electronics' ROCE % of 22.52% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.81. MIC Electronics' value of 22.52% is 287.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Hardware company?

The median ROCE % among Hardware companies is 5.81, based on 2,449 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MIC Electronics's current ROCE % of 22.52% is 287.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 5.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIC Electronics's current ROCE % is 22.52%. 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 ROCE % is 22.52% and 287.6% above the Hardware industry median of 5.81. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For MIC Electronics (NSE:MICEL), the current ROCE % is 22.52% 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:

ROCE %: 22.52%
GF Value™: ₹207.41 vs. price of ₹40.42 (80.5% below fair value)
GF Score™: 71/100 with 2 warning signs
Industry Position: 287.6% above the Hardware median

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 Business Description

Industry Technology Hardware

Comparable Companies BOM:543787 BOM:543923 BOM:543378 BOM:517246 BOM:508941 BOM:523100 NSE:EEPL NSE:KEL BOM:544741 BOM:517288 TPE:2308 APH GLW TPE:2317 TSE:6981 XKRX:009150 SZSE:002475 TEL TPE:2383 SZSE:002384

Other Exchanges 532850:India

Address Plot No. 192/B, Phase-II, IDA, Cherlapally, Rangareddi, Hyderabad, TG, IND, 500051

Website https://www.mic.co.in

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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₹40.42

Price

₹207.41

GF Value

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