The difference between men and boys in managing their countries is now apparent during COVID. Suppose you consider or compare ourselves with similar countries on a per capita basis or otherwise and our neighbours in our neighbourhood, like Pakistan or Sri Lanka. In that case, we can realise how good and lucky we are.

On Friday, shares of MIC Electronics zoomed 5 per cent upper circuit Rs 2095 per share from its previous closing of Rs 19.96. At the closing bell, shares of the company were trading at Rs 20.05 per share, up 0.45 per cent.

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According to the financials, the company has a market cap of over Rs 2,700 crore with a 3-year CAGR of 102 per cent. The net sales increased by 20.94 per cent, operating profit increased by 122.39 per cent and the net profit skyrocketed by 176.56 per cent in Q4FY23 over Q4FY22. The net sales increased by 8.81 per cent in FY23 compared to FY22.

The order book has grown 2X from FY19 with an improving contribution from the government sector

The stock has a PE of 15.30x, a ROE of 30 per cent and a ROCE of 39 per cent. 

Moreover, the stock has rallied over 85 per cent in the past year

The company has a ROCE of 146 per cent and a ROE of 106 per cent.

On Thursday, at 03:30 pm, indices were trading in red with the BSE Sensex Index down 0.31 per cent at 62,428.54 and the NSE Nifty-50 Index down 0.25 per cent at 18,487.75. 

Today it had hit new 52 week high