Stock under Rs 50 hit upper circuit after receiving an order of Rs 114,10,15,210 from Government of Chhattisgarh

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Stock under Rs 50 hit upper circuit after receiving an order of Rs 114,10,15,210 from Government of Chhattisgarh

The stock gave multibagger returns of 225 per cent in 3 years and a whopping 3,500 per cent in 5 years.

Today, the shares of MIC Electronics Ltd hit a 10 per cent Upper Circuit to Rs 38.94 per share from its previous closing of Rs 35.40 per share. The stock’s 52-week high is Rs 8397 per share while its 52-week low is Rs 33.14 per share.

MIC Electronics Limited has secured a significant domestic contract valued at approximately Rs 114,10,15,210 from the Nava Raipur Atal Nagar Vikas Pradhikaran, an entity of the Government of Chhattisgarh. Awarded through a competitive tender process, the project entails a comprehensive scope of work including the design, engineering, supply, Construction, testing and commissioning of infrastructure at a common facility centre in Sector 22, Nava Raipur Atal Nagar. The agreement also covers ongoing operation, maintenance and AMC services, with a defined execution timeline of 10 months. While specific terms and conditions are slated for finalisation during the formal agreement execution, this direct order represents a major infrastructure undertaking for the company within the domestic market.

Earlier, the company secured a domestic work order from the Central Railway Zone, specifically for the Nagpur Division under the Amrit Bharat Scheme. The contract, valued at approximately Rs 1,05,31,118; involves the supply, installation, testing and commissioning of critical telecom assets and passenger amenities across seven railway stations. This direct order, won through a competitive tender process, underscores the company's active role in modernising India's railway infrastructure.

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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 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 900 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 225 per cent in 3 years and a whopping 3,500 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.