12,000 Per Cent Returns: Multibagger Penny Stock Under Rs 90 Hit 5 Per Cent Upper Circuit; Do You Have It?
The stock gave multibagger returns of 130 per cent in 1 year, 6,500 per cent in 3 years and a whopping 12,000 per cent in 5 years.
Today on BSE, the shares of MIC Electronics Ltd hit a 5 per cent upper circuit to an intraday high of Rs 88.07 per share from its previous closing of Rs 83.88. The stock’s 52-week high is Rs 114.74 while its 52-week low is Rs 31.95.
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.
Update 1: MIC Electronics Limited has secured a significant contract from the Malda Division of the Eastern Railway Zone. The contract, valued at Rs. 1,21,90,343.51, involves providing CIB services at PF 1, 2, and 3 of Abhaipur station. This domestic order, awarded directly to the company, is expected to be executed within a timeframe of 6 months from the issuance of the Letter of Acceptance. No conflicts of interest have been identified between the company and the entity awarding the order.
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Update 2: MIC Electronics Limited has taken a strategic step towards future growth by incorporating 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, the WOS is poised to engage in a wide range of businesses. These include the manufacturing, sale, and servicing of smart meters, digital meters, electronic components, computer software and hardware, and lithium-ion batteries. Furthermore, the WOS will focus on renewable energy generation and storage, particularly solar and wind energy.
MIC Electronics has a market cap of over Rs 2,000 crore and has delivered good profit growth of 32.1 per cent CAGR over the last 5 years with an ROE of 61 per cent. The stock gave multibagger returns of 130 per cent in 1 year, 6,500 per cent in 3 years and a whopping 12,000 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.