MIC Electronics, a small-cap multibagger stock, saw its shares surge nearly 2.09% to ₹44.85 apiece in Monday's trading session. This increase came after the company announced that it has received a Letter of Acceptance (LOA) variation from the Central Railway Zone, Nagpur division, worth ₹1,05,31,118 under the Amrit Bharat Scheme.
About the New Order
The new order is for the supply, installation, testing, and commissioning of telecom assets and passenger amenities at 7 stations of the Nagpur Division. This development is a significant boost for the company and its investors.
Financial Performance
MIC Electronics has shown promising financial results. The company reported net sales of ₹37.89 crore for the September 2025 quarter, marking a 38% increase compared to ₹27.46 crore in the corresponding quarter of the previous fiscal year. Net profit for the quarter stood at ₹2.17 crore, up 1.98% from ₹2.13 crore recorded in September 2024.
Investment and Growth
Earlier this month, the company announced that the investment procedure in its step-down subsidiary, Cellular Galaxy Electronics LLC, Dubai, was successfully completed. This move is expected to further accelerate the company's growth and expansion plans.
Return on Investment
Despite being volatile in the near-term, MIC Electronics has given multibagger returns to its long-term investors, surging over 270% in over five years. However, in the last six months, the stock has declined by 16.35%.
Remember, this is a perspective, not a prediction. It's essential to do your own research and consult with an investment advisor before making any investment decisions.