Railway penny stock under Rs 65 receives new orders worth Rs 1,71,50,332.60 from East Central Railway Zone & Indian Railways
The stock gave multibagger returns of 205 per cent in 2 years and a whopping 8,400 per cent in 5 years.
Today, the shares of MIC Electronics Ltd surge 3.3 per cent to an intraday high of Rs 61.98 per share from its previous closing of Rs 60.01 per share. The stock’s 52-week high is Rs 114.74 per share while its 52-week low is Rs 43.86 per share. The shares of the company saw a spurt in volume by more than 1.2 times on the BSE.
MIC Electronics Ltd has secured a significant order from the Pandit Deen Dayal Upadhyaya railway Division of the East Central Railway Zone, valued at Rs 1,11,50,332.60. This domestic order, obtained through tenders, is for the provision of Electronic Coach Indication Boards (CIB) for PF No. 7 at DDU, a fare display board for the UTS/PRS counter, and other amenities like a video wall. The execution timeframe for this project is six months from the Letter of Acceptance. Additionally, the company has also received a separate order worth Rs 60,00,000 for Emergency Lighting Units (ELU) from Indian Railways.
Additionally, the company 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 is 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.
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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, the net sales increased by 282 per cent to Rs 44.85 crore and net profit increased by 65 per cent to Rs 6.81 crore in Q4FY25 compared to Q3FY25. In its annual results, the net sales increased by 8 per cent to Rs 94.76 crore in FY25 compared to FY24. The company reported a net profit of Rs 9.83 crore in FY25 compared to Rs 61.84 crore in FY24.
The promoters of the company bought 44,500 shares and increased their stake to 66.48 per cent in March 2025 compared to December 2024. MIC Electronics has a market cap of over Rs 1,400 crore and has delivered good profit growth of 19.2 per cent CAGR over the last 5 years. The stock gave multibagger returns of 205 per cent in 2 years and a whopping 8,400 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.