Railway penny stock under Rs 60: MIC Electronics to consider raising funds on November 05

MIC Electronics Limited informed that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, November 05, 2025, inter alia, to transact the following item(s) of business:

• To consider and approve the proposal for raising of funds by way of issue of securities of the company through, qualified institutions placement (QIP) / foreign currency convertible bonds (FCCBs), or any other permissible mode, in one or more tranches, to eligible investors, subject to such approvals as may be required, including the approval of shareholders and regulatory authorities, as applicable.

Also Read: Will PSU Bank Stocks Begin a New Journey?

Rating Received: Additionally, MIC Electronics Limited received a credit rating from Brickwork Ratings for its Bank loan facilities totalling Rs 74.23 crore, in compliance with SEBI Listing Regulations. The company's fund-based facilities (Term Loan and Cash Credit) were assigned a Long Term Rating of BWR BB /Stable Assignment. In contrast, its non-fund-based facilities (Bank Guarantee) received a Short Term Rating of BWR A4 + Assignment.

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 370 per cent in 3 years and a whopping 5,300 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.