17,500 Per cent Multibagger Returns: Semiconductor Company Secures Rs 1,21,90,344 Order from Malda Division of the Eastern Railway Zone – FIIs Purchased 8.38 Per cent Stake!

The company’s shares have delivered impressive multibagger returns of over 200 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 has announced that it has received a Letter of Acceptance from the Malda Division of the Eastern Railway Zone for the provision of CIB at Platforms 1, 2, and 3 of Abhaipur Station. The total value of this work order is Rs 1,21,90,343.51 (One crore, twenty-one lakhs, ninety thousand, three hundred and forty-three rupees and fifty-one paise only). The order is to be executed within six months from the date of the Letter of Acceptance.

Today the shares of MIC Electronics closed the day at around Rs 98.99 per share. The company’s current market capitalization stands at Rs 2,385 crore. The stock has delivered a multibagger return of over 7,300 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 around 8.38 per cent stake for the first time ever.

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

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