Electronics - Components · Founded 2007 · www.highnessmicro.com · BSE 544741 · · ISIN INE1KI801019
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Business
Highness Microelectronics Ltd. operates in the electronics sector, specifically focusing on components. Its core business involves the design, development, manufacturing, and/or distribution of electronic components. The company likely serves a Business-to-Business (B2B) model, supplying these components to various Original Equipment Manufacturers (OEMs) or other electronics manufacturers for integration into their end products. Revenue is generated directly from the sale of these electronic components.
Revenue Mix
Specific key segments or detailed revenue mix data for Highness Microelectronics are not available. Given its industry, potential segments could include active components (e.g., integrated circuits, transistors), passive components (e.g., resistors, capacitors, inductors), or specialized components for specific applications (e.g., sensors, connectors). However, without detailed financials, specific breakdown is not possible.
Industry
The electronics components industry in India is characterized by significant growth potential, driven by domestic manufacturing initiatives ("Make in India") and increasing demand across various end-user sectors like consumer electronics, automotive, industrial, and telecommunications. It is a highly competitive, capital-intensive, and technology-driven industry, often requiring substantial R&D investment. Highness Microelectronics Ltd. is positioned as a domestic player within this landscape. Its competitive standing relative to peers (both domestic and international) would depend on its product portfolio, technological capabilities, manufacturing scale, and market share, which are not currently available.
MOAT
Information regarding specific competitive advantages (moats) for Highness Microelectronics is not available. In the electronics components sector, potential moats can include:
Proprietary Technology/IP: Unique designs or manufacturing processes.
Scale Economies: Large-scale manufacturing leading to lower per-unit costs.
Switching Costs: Components deeply integrated into customer designs, making it costly to switch suppliers.
Strong Customer Relationships: Deep partnerships and reliability built over time.
Brand Reputation: Known for quality and reliability (more common for specialized or high-performance components).
It is unknown which, if any, of these advantages Highness Microelectronics possesses.
Growth Drivers
Key factors that could drive growth for Highness Microelectronics over the next 3-5 years include:
"Make in India" Initiative: Government push for local electronics manufacturing increases demand for domestic components.
Growth in End-User Industries: Expansion of sectors like consumer electronics, automotive, IoT, 5G, and industrial automation in India.
Digitalization Trend: Increasing electronic content in various products and systems across sectors.
Supply Chain Diversification: Global efforts to diversify electronics supply chains beyond traditional hubs could benefit Indian manufacturers.
Technological Advancements: Developing and offering new generation components to meet evolving industry needs.
Risks
Highness Microelectronics could face several business risks:
Intense Competition: From both domestic and established global players, leading to pricing pressure.
Technological Obsolescence: Rapid pace of innovation requires continuous R&D investment to stay relevant.
Global Supply Chain Disruptions: Vulnerability to shortages of raw materials or specialized equipment.
Capital Intensity: High upfront and ongoing capital expenditure required for manufacturing facilities and R&D.
Economic Downturns: Reduced demand from end-user industries during economic slowdowns.
Currency Fluctuations: Impact on cost of imported raw materials or machinery.
IP Infringement Risk: Challenges in protecting proprietary designs and technologies.
Management & Ownership
As an Indian company, Highness Microelectronics Ltd. is likely promoter-led, typical for many enterprises in the country. The quality of management would be crucial for navigating the highly competitive and capital-intensive electronics components sector, requiring strong expertise in technology, manufacturing, and market development. Specific details about the promoters, key management personnel, or the precise ownership structure are not available.
Outlook
Highness Microelectronics is positioned in a critical and rapidly expanding sector within India. The "Make in India" thrust and robust domestic demand for electronics present a significant tailwind, offering substantial growth opportunities. Success will hinge on its ability to innovate, achieve economies of scale, establish strong customer relationships, and deliver reliable, cost-effective components. However, the company operates in a challenging environment characterized by intense global competition, rapid technological change, and high capital requirements. Navigating these complexities while effectively managing supply chain risks and attracting skilled talent will be key to its long-term viability and growth.
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| #(Fig in Cr.) |
|---|
| Net Sales |
| Other Income |
| Total Income |
| Total Expenditure |
| Operating Profit |
| Interest |
| Depreciation |
| Exceptional Income / Expenses |
| Profit Before Tax |
| Provision for Tax |
| Profit After Tax |
| Adjustments |
| Profit After Adjustments |
| Adjusted Earnings Per Share |
| #(Fig in Cr.) | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|
| Net Sales | 10 | 11 | 14 | |
| Other Income | 0 | 0 | 0 | |
| Total Income | 10 | 11 | 14 | |
| Total Expenditure | 7 | 5 | 9 | |
| Operating Profit | 3 | 6 | 5 | |
| Interest | 0 | 0 | 1 | |
| Depreciation | 2 | 3 | 1 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | |
| Profit Before Tax | 1 | 3 | 3 | |
| Provision for Tax | 0 | 1 | 1 | |
| Profit After Tax | 0 | 2 | 2 | |
| Adjustments | 0 | 0 | 0 | |
| Profit After Adjustments | 0 | 2 | 2 | |
| Adjusted Earnings Per Share | 1.2 | 6.8 | 7 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 27% | 0% | 0% | 0% |
| Operating Profit CAGR | -17% | 0% | 0% | 0% |
| PAT CAGR | 0% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | NA% | NA% | NA% | NA% |
| ROE Average | 47% | 51% | 51% | 51% |
| ROCE Average | 45% | 51% | 51% | 51% |
| #(Fig in Cr.) | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Shareholder's Funds | 2 | 4 | 7 |
| Minority's Interest | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 2 |
| Other Non-Current Liabilities | 0 | 0 | 0 |
| Total Current Liabilities | 3 | 4 | 5 |
| Total Liabilities | 5 | 8 | 14 |
| Fixed Assets | 1 | 1 | 2 |
| Other Non-Current Assets | 0 | 0 | 0 |
| Total Current Assets | 3 | 7 | 12 |
| Total Assets | 5 | 8 | 14 |
| #(Fig in Cr.) | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 0 | 0 |
| Cash Flow from Operating Activities | 5 | 3 | 0 |
| Cash Flow from Investing Activities | -4 | -3 | -2 |
| Cash Flow from Financing Activities | -2 | 0 | 1 |
| Net Cash Inflow / Outflow | -0 | 0 | -0 |
| Closing Cash & Cash Equivalent | 0 | 0 | 0 |
| # | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Earnings Per Share (Rs) | 1.23 | 6.76 | 7.04 |
| CEPS(Rs) | 8.29 | 15.05 | 9.69 |
| DPS(Rs) | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 4.83 | 11.59 | 18.64 |
| Core EBITDA Margin(%) | 32.37 | 55.87 | 32.86 |
| EBIT Margin(%) | 9.18 | 31.37 | 26.99 |
| Pre Tax Margin(%) | 6.57 | 29.54 | 23.21 |
| PAT Margin (%) | 4.47 | 22.16 | 17.57 |
| Cash Profit Margin (%) | 30.08 | 49.36 | 24.16 |
| ROA(%) | 9.07 | 36.63 | 22.06 |
| ROE(%) | 25.49 | 82.31 | 46.61 |
| ROCE(%) | 29.01 | 78.94 | 44.91 |
| Receivable days | 0.71 | 2.86 | 56.4 |
| Inventory Days | 51.89 | 88.33 | 122.65 |
| Payable days | 56.4 | 229.87 | 82.07 |
| PER(x) | 0 | 0 | 0 |
| Price/Book(x) | 0 | 0 | 0 |
| Dividend Yield(%) | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.14 | 0.11 | 0.59 |
| EV/Core EBITDA(x) | 0.4 | 0.18 | 1.76 |
| Net Sales Growth(%) | 0 | 10.65 | 31.47 |
| EBIT Growth(%) | 0 | 278.31 | 13.11 |
| PAT Growth(%) | 0 | 448.82 | 4.22 |
| EPS Growth(%) | 0 | 448.8 | 4.22 |
| Debt/Equity(x) | 0.8 | 0.34 | 0.75 |
| Current Ratio(x) | 1.03 | 1.83 | 2.16 |
| Quick Ratio(x) | 0.55 | 0.78 | 1.12 |
| Interest Cover(x) | 3.52 | 17.13 | 7.13 |
| Total Debt/Mcap(x) | 0 | 0 | 0 |
| # | Mar 2026 |
|---|---|
| Promoter | 64.96 |
| FII | 5.35 |
| DII | 10.32 |
| Public | 19.38 |
| Others | 0 |
| Total | 100 |
| # | Mar 2026 |
|---|---|
| Promoter | 0.34 |
| FII | 0.03 |
| DII | 0.05 |
| Public | 0.1 |
| Others | 0 |
| Total | 0.52 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +27% | — | — | — |
| Operating Profit CAGR | -17% | — | — | — |
| PAT CAGR | 0% | — | — | — |
| Share Price CAGR | — | — | — | — |
| ROE Average | +47% | +51% | +51% | +51% |
| ROCE Average | +45% | +51% | +51% | +51% |
| # | Mar 2026 |
|---|---|
| Promoter | 64.96 |
| FII | 5.35 |
| DII | 10.32 |
| Public | 35.04 |
| Others | 0 |
| Total | 100 |
| # | Mar 2026 |
|---|---|
| Promoter | 0.34 |
| FII | 0.03 |
| DII | 0.05 |
| Public | 0.18 |
| Others | 0 |
| Total | 0.52 |
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