Multibagger railway stock under Rs 55 jumps after receiving an order worth Rs 1,28,34,157.90 from Palakkad Division S&T

DSIJ Intelligence-1 / 15 Jul 2025/ Categories: Multibaggers, Penny Stocks, Trending

Multibagger railway stock under Rs 55 jumps after receiving an order worth Rs 1,28,34,157.90 from Palakkad Division S&T

The stock gave multibagger returns of 293 per cent in 3 years and a whopping 5,340 per cent in 5 years.

Today, the shares of MIC Electronics Ltd jumped 5.5 per cent to Rs 53.35 per share from its previous closing of Rs 50.58 per share. The stock’s 52-week high is Rs 114.74 per share while its 52-week low is Rs 49.50 per share.

MIC Electronics Ltd has secured a significant domestic work order from the Palakkad Division S&T, Railway Divisional Office, Signal and Telecommunication Branch, Palakkad. The contract, valued at Rs 1,28,34,157.90, involves the supply, installation, testing and commissioning of an IPIS system at Kannur station. This project is part of a broader "Improvements to Passenger Amenities" under the Amrit Bharat Station Scheme and includes a six-year comprehensive annual maintenance contract (CAMC). The company received the Letter of Acceptance for this direct order, which was obtained through a tender process and is expected to complete the work within six months from the date of the letter.

Earlier, the company secured two notable orders: a domestic order valued at Rs 1,11,50,332.60 from the Pandit Deen Dayal Upadhyaya railway Division of the East Central Railway Zone for Electronic Coach Indication Boards, a fare display board, and a video wall, with a six-month execution timeline. Additionally, the company received a Rs 60,00,000 order from Indian Railways for Emergency Lighting Units.

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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 their robust Environmental Management System across their diverse product portfolio, including LED display systems, lighting products, EV chargers, and railway-related electronic solutions

Result: According to Quarterly Results, the company reported net sales of Rs 11.61 crore and net profit of Rs 1.67 crore in Q1FY26. In its annual results, the net sales increased by 8 per cent to Rs 94.76 crore in FY25 compared to FY24. The company reported a net profit of Rs 9.83 crore in FY25 compared to Rs 61.84 crore in FY24.

The promoters of the company bought 44,500 shares and increased their stake to 66.48 per cent in March 2025 compared to December 2024. MIC Electronics has a market cap of over Rs 1,270 crore and has delivered good profit growth of 19.2 per cent CAGR over the last 5 years. The stock gave multibagger returns of 293 per cent in 3 years and a whopping 5,340 per cent in 5 years.

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