Railway stock under Rs 45 hit the upper circuit after receiving the first order under the PAPIS category
Kiran DSIJCategories: Multibaggers, Penny Stocks, Trending
The stock gave multibagger returns of 235 per cent in 3 years and a whopping 4,000 per cent in 5 years.
Today, the shares of MIC Electronics Ltd hit a 5 per cent Upper Circuit to Rs 44.86 per share from its previous closing of Rs 42.73 per share. The stock’s 52-week high is Rs 82.82 per share while its 52-week low is Rs 33.14 per share. The shares of the company saw a Spurt in Volume by more than 1.53 times on the BSE.
MIC Electronics Ltd has secured its first commercial order for its GPS-based Public Address and Passenger Information System (PAPIS) from the Rail Coach Factory in Kapurthala. This milestone follows the company's recent capacity cum capability assesSMEnt approval in late 2024 and signals the official start of commercial supplies for this specific product line. By entering the manufacturing phase for the Indian Railways, the company is successfully transitioning from technical approval to active market participation in specialised rail electronics.
Additionally, MIC Electronics continues to expand its infrastructure and railway footprint with two significant domestic wins. The company secured a Rs 114.10 crore contract from Nava Raipur Atal Nagar Vikas Pradhikaran for a comprehensive 10-month design, Construction, and maintenance project in Chhattisgarh. Additionally, under the Amrit Bharat Scheme, MIC was awarded a contract by Central Railway’s Nagpur Division to modernise telecom assets and passenger amenities across seven stations, further solidifying its role in India's urban development.
About the Company
Since its inception in 1988, MIC Electronics Ltd has established itself as a premier Indian manufacturer with a vast global footprint extending to the USA, UK, and Australia. The company specialises in a diverse range of high-tech solutions, including indoor and outdoor LED displays, Solar and commercial lighting, telecom equipment, and specialised software for the railway sector. Beyond electronics, their portfolio encompasses critical medical equipment like oxygen concentrators, as well as EV chargers and battery technologies. This commitment to innovation is backed by ISO 45001:2018 and ISO 14001:2015 certifications, which validate their rigorous standards for environmental management and occupational safety across all product lines.
Result: In Q3FY26, MIC Electronics Ltd saw a dramatic 668 per cent surge in net sales to Rs 90.23 crore compared to the same period last year, resulting in a net profit of Rs 1.88 crore. Looking at the broader nine-month performance for FY26, net sales grew by 180 per cent to reach Rs 139.80 crore, while net profit for the period stood at Rs 5.71 crore, a slight decrease from the Rs 6.26 crore reported in 9MFY25.
MIC Electronics has a market cap of over Rs 1,000 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 235 per cent in 3 years and a whopping 4,000 per cent in 5 years. The promoters of the company hold a 55.52 per cent stake as of December 2025.
Disclaimer: The article is for informational purposes only and not investment advice.