Railway penny stock under Rs 60: MIC Electronics Ltd Reports Stellar Q2FY26 & H1FY26 Results; Details Inside

Shares of MIC Electronics Ltd surged 2.84 per cent on October 16, 2025, to Rs 57.60 per share from an Intraday low of Rs 56.01 per share. The stock is up by 56.2 per cent from its 52-week low of Rs 44.50.

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 Ltd has also secured two new orders from Indian Railways. The first is a Letter of Acceptance from the Sambalpur Division in Odisha, valued at Rs 1,19,73,573.30. This contract involves the shifting of existing Coach Indication Board Systems and Auto Announcement Systems at several "Amrit Bharat" stations, including SBP, BRGA, BLGR, TIG, KSNG, KBJ, SBPY, and MSMD. The work is to be completed within six months. The second order, a Letter of Acceptance from the Integral Coach Factory in Chennai, is for the supply of LED Emergency Lights (RDSO/SPEC/0180/TY-2) and is valued at Rs 56,47,291.20, with an execution period of nine months. The combined value of these two domestic orders is Rs 1,76,20,864.50.

Earlier, MIC Electronics Ltd signed a Memorandum of Understanding (MoU) with Singapore-based Top2 PTE Limited to find a Semiconductor fabrication partner in Taiwan. The goal of this agreement is to explore and finalise a partnership for semiconductor wafer production. The initial target is to produce 25,000 to 30,000 wafers per month, a goal that is dependent on feasibility studies, negotiations, and regulatory approvals. This collaboration marks a significant step for MIC Electronics as it ventures into the semiconductor manufacturing space.

MIC Electronics has a market cap of over Rs 1,300 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 375 per cent in 3 years and a whopping 8,000 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.