Rs 1,76,20,864.50 orders from Indian Railways: Railway penny stock under Rs 70, jumps 11.15% from intraday low; Do you own it?

DSIJ Intelligence-1 / 23 Sep 2025/ Categories: Multibaggers, Penny Stocks, Trending

Rs 1,76,20,864.50 orders from Indian Railways: Railway penny stock under Rs 70, jumps 11.15% from intraday low; Do you own it?

The stock gave multibagger returns of 400 per cent in 3 years and a whopping 10,800 per cent in 5 years. The

Shares of MIC Electronics Ltd jumped 11.15 per cent on September 23, 2025, to Rs 69.50 per share from an intraday low of Rs 62.53 per share. The stock is up by 56.2 per cent from its 52-week low of Rs 44.50. The shares of the company saw a spurt in volume by more than 1.5 times on the BSE.

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 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.

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MIC Electronics Ltd has 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.

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MIC Electronics has a market cap of over Rs 1,500 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 400 per cent in 3 years and a whopping 10,800 per cent in 5 years. The promoters of the company hold a 62.06 per cent stake as of June 2025.

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