Today, the shares of MIC Electronics Ltd hit a 10 per cent upper circuit to Rs 51.70 per share from its previous closing of Rs 47 per share. The stock’s 52-week high is Rs 114.79 per share while its 52-week low is Rs 44.50 per share. The shares of the company saw a spurt in volume by more than 2 times on the BSE.
MIC Electronics Limited is holding a meeting on Monday, December 01, 2025, at 11:45 a.m. at its registered office in Hyderabad. The primary purpose of this meeting is to pass two special resolutions aimed at raising significant capital for the company. The first key proposal is to authorise the Board to create, offer, issue, and allot various securities, including Equity Shares and Convertible Bonds, to raise funds up to Rs 250 crore (Rupees Two Hundred and Fifty Crores only) primarily through a Qualified Institutions Placement (QIP) to Qualified Institutional Buyers (QIBs). The funds are intended for strategic purposes such as acquisitions, debt repayment, working capital, and capital expenditure.
The second special business item seeks approval to raise additional funds, not exceeding USD 15 million, through the issuance of Foreign Currency Convertible Bonds (FCCBs) on a private placement basis. Both resolutions grant extensive authority to the Board of Directors and its Management Committee to finalise the specific terms, conditions, and timings of the issues, ensuring compliance with numerous Indian regulatory frameworks, including the Companies Act, SEBI regulations, and FEMA. The goal of these proposals is to secure substantial financial resources to support the company's future growth and operational requirements.
Order Updates: Earlier, the company secured two domestic Letter of Variation (LOA) orders from Indian Railways totalling Rs 1,15,64,160 for works under the Amrit Bharat Station Scheme. The larger variation, valued at Rs 82,56,066, was awarded by the South East Central Railway for Signalling and Telecom Works related to station development in the Nagpur Division (including Nainpur, Chhindwara, Seoni, and Mandlafort). The second variation, worth Rs 33,08,094, came from Northern Railway for providing passenger amenities (Telecom), expanding the information system for Divyangjan (persons with disabilities), and utility shifting at numerous stations in the Delhi division (such as TKJ, GHNA, and MDNR).
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. MIC Electronics Ltd has been awarded ISO 45001:2018 and ISO 14001:2015 certifications, recognising its robust Environmental Management System across its diverse Service portfolio, including LED display systems, lighting products, EV chargers and railway-related electronic solutions.
Result: According to quarterly results, the net sales increased by 226 per cent to Rs 37.89 crore and net profit increased by 30 per cent to Rs 2.17 crore in Q2FY26 compared to Q1FY26. In its half-yearly results, the net sales increased by 30 per cent to Rs 49.50 crore in H1FY26 compared to H1FY25. The company reported a net profit of Rs 3.84 crore in H1FY26 compared to Rs 4.10 crore in H1FY25.
MIC Electronics has a market cap of over Rs 1,100 crore and has delivered a good profit growth of 19.2 per cent CAGR over the last 5 years. The stock gave multibagger returns of 330 per cent in 3 years and a whopping 5,300 per cent in 5 years. The promoters of the company hold a 58.01 per cent stake as of September 2025.
Disclaimer: The article is for informational purposes only and not investment advice.
Volume spurt in this railway penny stock under Rs 60: Shares of MIC Electronics Ltd hit a 10% upper circuit on November 20