12,000 Per cent Multibagger Returns: Smallcap Company Secures Rs 1,33,08,976 Order from Division of the Southern Railway Zone – FIIs Purchase Stake After 6 Years!

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 a Small-Cap company announces that it has received a Letter of Acceptance from the Salem Division of the Southern Railway Zone. The acceptance pertains to the provision of telecom-based passenger amenities at SGE, SA, and the provision of FIOSNET at ELS, Erode. The total value of the work order is Rs 1,33,08,976.53 (One crore, thirty-three lakhs, eight thousand, nine hundred and seventy-six rupees, and fifty-three paise).

Today the shares of MIC Electronics closed the day at around Rs 81.86 per share. The company’s current market capitalization stands at Rs 1972.92 crore. The stock has delivered a multibagger return of over 12,100 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 67.51 per cent of the company and the public or retail investors hold 24.11 per cent. FIIs hold an 8.38 per cent stake after 6 years.

Investors must keep this stock on their radar.

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