Railway penny stock under Rs 60: MIC Electronics receives orders worth Rs 1,15,64,160 from Indian Railways & Signs MoU with Chipex Technologies
DSIJ Intelligence-1 / 27 Oct 2025/ Categories: Multibaggers, Penny Stocks, Trending
The stock gave multibagger returns of 370 per cent in 3 years and a whopping 6,300 per cent in 5 years.
MIC Electronics Limited has secured Letter of Variation (LOA) orders from Indian Railways totalling Rs 1,15,64,160. These domestic orders are split between two railway zones. The South East Central Railway awarded a variation worth Rs 82,56,066 for Signalling and Telecom Works related to Station Development under the Amrit Bharat Station Scheme at stations like Nainpur, Chhindwara, Seoni, and Mandlafort in the Nagpur Division.
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The second variation, valued at Rs 33,08,094, was received from Northern Railway. This order is for providing passenger amenities (Telecom) and expanding the information system to facilitate Divyangjan, along with utility shifting, also in connection with the Amrit Bharat Station Scheme across numerous stations in the Delhi division (including TKJ, GHNA, MDNR, etc.).
Additionally, MIC Electronics Limited (MIC) has entered a Memorandum of Understanding (MOU) with Chipex Technologies Private Limited (Chipex), a "Chip Development Partner," to jointly develop custom semiconductor solutions that align with MIC's product roadmap. The primary goal of this strategic collaboration is to move away from standard, off-the-shelf components and instead use co-developed, tailored silicon to achieve enhanced product differentiation, improved system performance, and guarantee long-term supply stability and ownership for MIC's product portfolio. This MOU establishes the foundational framework for combining their respective technical expertise, which will be followed by project-specific Statements of Work outlining deliverables and commercial terms.
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 1,300 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 370 per cent in 3 years and a whopping 6,300 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.