Penny stock under Rs 50: Railway company receives first order of RMP from Northern Frontier Railway, Indian Railways

DSIJ Intelligence-1 / 09 Dec 2025/ Categories: Multibaggers, Penny Stocks, Trending

Penny stock under Rs 50: Railway company receives first order of RMP from Northern Frontier Railway, Indian Railways

The stock gave multibagger returns of 215 per cent in 3 years and a whopping 5,800 per cent in 5 years.

MIC Electronics Ltd announced a significant development regarding our product line. The company has received the prototype testing result and fresh registration approval from the Research Designs and Standards Organisation (RDSO), Ministry of Railways, for the “microprocessor controller for roof-mounted AC package unit for LHB coaches and double-decker coaches.” Following this crucial product approval, and in continuation of our earlier announcement, the company has successfully secured its first commercial order under this category from the Northeast Frontier Railway, Indian Railways. This order marks the commencement of commercial supplies and the successful introduction of this product into service.

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About the Company

MIC Electronics Ltd, founded in 1988, is a leading manufacturer of LED displays (indoor, outdoor, mobile), lighting solutions (indoor, outdoor, Solar), telecom equipment, railway 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, the UK and other countries. MIC Electronics Ltd has been awarded ISO 45001:2018 and ISO 14001:2015 certifications, recognising its robust Environmental Management System across its diverse product portfolio, including LED display systems, lighting products, EV chargers and railway-related electronic solutions.

Result: According to Quarterly Results, the net sales increased by 226 per cent to Rs 37.89 crore and net profit increased by 30 per cent to Rs 2.17 crore in Q2FY26 compared to Q1FY26. In its half-yearly results, the net sales increased by 30 per cent to Rs 49.50 crore in H1FY26 compared to H1FY25. The company reported a net profit of Rs 3.84 crore in H1FY26 compared to Rs 4.10 crore in H1FY25.

MIC Electronics has a market cap of over Rs 1,000 crore and has delivered a good profit growth of 19.2 per cent CAGR over the last 5 years. The stock gave multibagger returns of 215 per cent in 3 years and a whopping 5,800 per cent in 5 years. The promoters of the company hold a 58.01 per cent stake as of September 2025.

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