Railway stock under Rs 50 jumps after signing MoU with Refit Global Pvt Ltd
Kiran DSIJCategories: Multibaggers, Trending
The stock gave multibagger returns of 240 per cent in 3 years and a whopping 5,000 per cent in 5 years.
Today, the shares of MIC Electronics Ltd gained 3 per cent to Rs 42.88 per share from its previous closing of Rs 41.67 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.
MIC Electronics Limited, a key player in the Railway sector, has signed a Memorandum of Understanding (MOU) with Refit Global Private Limited to explore a strategic transaction that may encompass equity or debt investments, asset acquisitions, or share swaps. This collaboration aims to create a next-generation circular electronics platform by integrating MIC Electronics’ extensive manufacturing expertise and financial strength with Refit Global’s specialised refurbishment platforms and strong B2C market presence. By combining these capabilities, the partnership seeks to accelerate digital inclusion and drive sustainable growth across the refurbished electronics value chain, though any final agreement remains subject to customary due diligence and regulatory approvals.
Earlier, the company received a domestic order valued at approximately Rs 4,45,01,602.40 from the Howrah Division of the Eastern Railway Zone. The project, secured through a competitive tender process, involves the provision of Coach Indication Boards (CIB) and Train Indication Boards (TIB) across several stations, including PRGR, SKIP, BZLE and others within the division. As per the regulatory filing, the execution period for this contract is set for 6 months, with specific terms and conditions to be finalised upon the formal signing of the agreement.
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 240 per cent in 3 years and a whopping 5,000 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.