11,430 Per cent Multibagger Returns: Smallcap Company Secures Rs 86,44,051 Order from Ratlam Division of Western Railway Zone – FIIs Purchase Stake for the First Time Ever!

The company’s shares have delivered an impressive multibagger returns of over 160 per cent in just 1 Year.

MIC Electronics, established in 1988, is a global leader specializing in the design, development, and manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment, and Telecom software development.

MIC Electronics Limited announced that it has received a Letter of Acceptance from the Ratlam Division of the Western Railway Zone. The order is for the supply, installation, testing, and commissioning of telecom material in connection with the construction of a 12-meter-wide foot overbridge to connect platforms under the Amrit Bharat Station Scheme (ABSS) at 14 stations. The total value of the work order is Rs 86,44,051.35 (Eighty-Six lakhs, Forty-Four thousand, Fifty-One rupees, and thirty-five paise).

On Friday the shares of MIC Electronics closed the day at around Rs 80.71 per share. The company’s current market capitalization stands at Rs 1,945.20 crore. The stock has delivered a multibagger return of over 6,000 per cent in the past 3 years.

As per the Quarterly Results, in the first quarter of FY25, MIC Electronics recorded a revenue of Rs 10.71 crore. The operating profit stood at Rs 2.59 crore. The net profit for the period was Rs 1.97 crore compared to Rs 1.24 crore. Looking at the annual performance, the company generated a revenue of Rs 55 crore in FY24, compared to Rs 6 crore in FY23. The operating profit for FY24 was Rs 12 crore, with a net profit of Rs 62 crore.

Regarding the shareholding pattern, the promoters own 74.59 per cent of the company and the public or retail investors hold 24.11 per cent. FIIs own 8.38 per cent stake for the first time.

Investors must keep this Small-Cap company on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.