Multibagger railway stock under Rs 60 jumps after receiving annual maintenance contract of Rs 13,48,000 from Vijayawada Railway Zone

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Multibagger railway stock under Rs 60 jumps after receiving annual maintenance contract of Rs 13,48,000 from Vijayawada Railway Zone

The stock gave multibagger returns of 315 per cent in 3 years and a whopping 5,580 per cent in 5 years.

Today, the shares of MIC Electronics Ltd jumped 2.10 per cent to Rs 55.36 per share from its previous closing of Rs 54.23 per share. The stock’s 52-week high is Rs 114.74 per share while its 52-week low is Rs 49.50 per share. The shares of the company saw a spurt in volume by more than 1.50 times on the BSE.

MIC Electronics Ltd. has announced that it has secured an annual maintenance contract from the Vijayawada Division - S & T, South Central Railway Zone, for 10 indoor and 5 outdoor display boards located at Vijayawada Railway Station. This domestic order, obtained through a tender process, is valued at Rs 13,48,000/- and is for a period of two years, with specific terms and conditions to be finalised upon execution.

Additionally, the company has received a BIS Certificate for the product Automatic Data Processing Machine with IS No: IS 13252(PART 1): 2010/ IEC 60950-1: 2005 from the Bureau of Indian Standards, New Delhi.

Earlier, the company secured a significant domestic work order from the Palakkad Division S&T, Railway Divisional Office, Signal and Telecommunication Branch, Palakkad. The contract, valued at Rs 1,28,34,157.90, involves the supply, installation, testing and commissioning of an IPIS system at Kannur station. This project is part of a broader "Improvements to Passenger Amenities" under the Amrit Bharat Station Scheme and includes a six-year comprehensive annual maintenance contract (CAMC). The company received the Letter of Acceptance for this direct order, which was obtained through a tender process and is expected to complete the work within six months from the date of the letter.

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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 their robust Environmental Management System across their 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.

The promoters of the company bought 44,500 shares and increased their stake to 66.48 per cent in March 2025 compared to December 2024. MIC Electronics has a market cap of over Rs 1,300 crore and has delivered good profit growth of 19.2 per cent CAGR over the last 5 years. The stock gave multibagger returns of 315 per cent in 3 years and a whopping 5,580 per cent in 5 years.

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