Railway penny stock under Rs 60: MIC Electronics Ltd to raise Rs 250 crore via QIP and USD 15 million via FCCBs
DSIJ Intelligence-1 / 05 Nov 2025/ Categories: Multibaggers, Penny Stocks, Trending
The stock gave multibagger returns of 375 per cent in 3 years and a whopping 5,000 per cent in 5 years.
MIC Electronics Limited has announced that its Board of Directors, in a meeting held on November 5, 2025, approved significant proposals for raising capital, pending shareholder and regulatory approvals. The company plans to raise funds up to Rs 250 crore through an issuance of securities like Qualified Institutional Placements (QIPs) or other permissible modes. Additionally, the Board approved the issuance of Foreign Currency Convertible Bonds (FCCBs) to raise an amount not exceeding USD 15 Million. To proceed with these fundraising activities, the Board authorised the Management Committee to appoint necessary agencies and intermediaries, and they have scheduled an Extra-Ordinary General Meeting (EGM) for Monday, December 1, 2025, at 11:45 a.m. (IST) to seek shareholder approval, appointing Mr Y Ravi Prasada Reddy as the Scrutinizer for the EGM.
Order Updates: Earlier, the company secured two domestic Letter of Variation (LOA) orders from Indian Railways totalling Rs 1,15,64,160 for works under the Amrit Bharat Station Scheme. The larger variation, valued at Rs 82,56,066, was awarded by the South East Central Railway for Signalling and Telecom Works related to station development in the Nagpur Division (including Nainpur, Chhindwara, Seoni, and Mandlafort). The second variation, worth Rs 33,08,094, came from Northern Railway for providing passenger amenities (Telecom), expanding the information system for Divyangjan (persons with disabilities), and utility shifting at numerous stations in the Delhi division (such as TKJ, GHNA, and MDNR).
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 1,200 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 5,000 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.