Railway Penny Stock Under Rs 60; Company Has Been Awarded ISO 45001:2018 and ISO 14001:2015 Certificates
The stock gave multibagger returns of 360 per cent in 2 years and a whopping 9,600 per cent in 5 years.
Today, the shares of MIC Electronics Ltd gained 1.42 per cent to Rs 59.32 per share from its previous closing of Rs 58.49 per share. The stock’s 52-week high is Rs 114.79 per share while its 52-week low is Rs 59.32 per share.
MIC Electronics Ltd has been awarded ISO 45001:2018 and ISO 14001:2015 certificates from United Registrar of Systems in recognition of the organisation’s Environmental Management System.
The scope of activities covered under this ISO certificate are design and development, manufacture, supply and servicing of LED display systems, GRID off-GRID LED lighting products, oxygen concentrators, emergency lighting systems, energy-efficient LED-based luminaire units for passenger coaches, microprocessor-based controllers for roof-mounted AC, SMPS-based integrated power supply, EV chargers, smart meters, public address and passenger information systems (PAPIS), passenger information systems, GPS location-based public address and passenger information systems and LED destination boards in AC and NON-AC ICF and LHB coaches.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
About the Company
MIC Electronics Ltd., founded in 1988, is a leading manufacturer of LED displays (indoor, outdoor, mobile), lighting solutions (indoor, outdoor, solar), telecom equipment, railway and software. They also produce medical equipment like oxygen concentrators and batteries. Headquartered in India, MIC exports its products globally and has a presence in the USA, Australia, the UK and other countries.
According to Quarterly Results (Q3FY25), the company reported net sales of Rs 11.75 crore and a net profit of Rs 2.17 crore while in its nine-month results (9MFY25), the company reported net sales of Rs 33.66 crore and a net profit of Rs 6.25 crore. Looking at the consolidated annual results, the company reported net sales of Rs 22.91 crore and a net profit of Rs 0.26 crore in FY24.
MIC Electronics has a market cap of over Rs 1,400 crore and has delivered good profit growth of 32.1 per cent CAGR over the last 5 years with an ROE of 60 per cent. The stock gave multibagger returns of 360 per cent in 2 years and a whopping 9,600 per cent in 5 years. Investors should keep an eye on this Small-Cap stock
Disclaimer: The article is for informational purposes only and not investment advice.