13,900 Per Cent Returns: High ROE Multibagger Railway Stock Under Rs 100 Hit Upper Circuit On NSE; Do You Own It?
The stock gave multibagger returns of 170 per cent in 1 year, 300 per cent in 3 years and a whopping 13,900 per cent in 5 years.
Today on NSE, the shares of MIC Electronics Ltd hit a 5 per cent upper circuit to an intraday high of Rs 90.93 per share from its previous closing of Rs 86.60 per share. The stock’s 52-week high is Rs 114.79 per share while its 52-week low is Rs 33 per share.
MIC Electronics Limited hereby announces that it has received formal approval from the Competent Authority following a successful Capacity Cum Capability Assessment (CCA). This approval, pertaining to item ID 2400064, authorizes the company to supply GPS Location-based Public Address & Passenger Information Systems (PAPIS) and LED Destination Boards to Indian Railways coaches. The supplied components must adhere to the specifications outlined in RDSO/CG-18001 (Rev.2). This approval follows the company's prior registration request (ID 24384) submitted on July 7, 2024, and signifies MIC Electronics' eligibility to participate in the procurement process for these railway components.
Earlier, MIC Electronics Limited achieved significant milestones. Firstly, the company had secured a substantial Rs 1,21,90,343.51 contract from the Malda Division of the Eastern Railway Zone for providing CIB services at PF 1, 2, and 3 of Abhaipur station. This direct order was expected to be completed within six months. Secondly, MIC Electronics Limited had strategically incorporated its wholly-owned subsidiary, MICK Digital India Limited, with an authorized capital of Rs 10 lakh and a paid-up capital of Rs 5 lakh. This subsidiary was to focus on diverse business ventures, including the manufacturing, sale, and servicing of smart meters, digital meters, electronic components, and renewable energy solutions.
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MIC Electronics Ltd., founded in 1988, is a leading manufacturer of LED displays (indoor, outdoor, mobile), lighting solutions (indoor, outdoor, solar), telecom equipment 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, UK and other countries.
According to Quarterly Results, the net sales increased by 5 per cent to Rs 11.20 crore and net profit increased by 7 per cent to Rs 2.11 crore in Q2FY25 compared to Q1FY25. Looking at the consolidated annual results, the company reported net sales of Rs 22.91 crore and net profit of Rs 0.26 crore in FY24. Looking at its half-yearly results, the net sales increased by 313 per cent to Rs 18.57 crore in H1FY25 compared to H1FY24 while the company reported a turnaround net profit of Rs 10.05 crore in H1FY25 compared to a net loss of Rs 1.25 crore in H1FY24, an increase of 704 per cent.
MIC Electronics has a market cap of over Rs 2,100 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 170 per cent in 1 year, 300 per cent in 3 years and a whopping 13,900 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.