10,700 per cent Multibagger Returns: Semiconductor Company Bags Order Worth Rs 2,54,73,441 from Northern Railway Zone!

Rakesh Deshmukh
10,700 per cent Multibagger Returns: Semiconductor Company Bags Order Worth Rs 2,54,73,441 from Northern Railway Zone!

The company’s shares have delivered an impressive multibagger returns of over 175 per cent in just 1 Year.

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

MIC Electronics announced that it has received a Letter of Acceptance from the Lucknow Division of the Northern Railway Zone for implementing the Integrated Passenger Information System at PRG, PYGS, and PFM Stations in connection with Mahakumbh-2025. The total value of this work order is Rs 2,54,73,441.45 (Two crores, fifty-four lakhs, seventy-three thousand, four hundred and forty-one rupees, and forty-five paise only). The orders are to be executed within 9 months from the date of the Letter of Acceptance issuance.

At the start of the day's trading session, the share of MIC Electronics opened at Rs 79.15 per share, compared to the previous day's closing figure of Rs 77.70 per share on the BSE. Currently, the shares are trading at around Rs 80.50 per share. The current market capitalization stands at Rs 1940.14 crore, and the stock has generated an impressive multi-bagger return of over 10,700 per cent in just five years. 

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As per the Quarterly Results, in Q1FY25, MIC Electronics recorded a revenue of Rs 10.71 crore. The operating profit for Q1 FY25 stood at Rs 2.59 crore. The net profit for Q1 FY25 was Rs 1.97 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 25.41 per cent.

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

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

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1 comments on article "10,700 per cent Multibagger Returns: Semiconductor Company Bags Order Worth Rs 2,54,73,441 from Northern Railway Zone!"

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Ritu

Can you explain how exactly is MIC a semiconductor company?

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