Semiconductor stock engaged in the design, development & manufacturing of high-end Electronic, and telecommunication equipment, and many more hit a 5 percent in the day’s trade upon receiving a new work order from Eastern Railways.
Price Movement
With a market capitalization of Rs. 2,426 Crores, the shares of MIC Electronics Limited hit a 5 percent upper circuit in the day’s trade at Rs. 101.34 per equity share, from its previous day’s close price of Rs. 96.52.
What Happened
MIC Electronics Limited has received a new Letter of Acceptance from the Malda Division of the Eastern Railway Zone for the provision of a Central Information Bureau (CIB) at platforms 1, 2 & 3 of Abhaipur station of Malda Division, Eastern Railway for a consideration of ~Rs. 1.22 Crores.
About the Company
MIC Electronics Limited is engaged in the business of design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment, development of Telecom software, oxygen concentrators, batteries, and many more. It is directly or indirectly involved in the semiconductor industry as it specializes in semiconductor packaging and testing solutions.
MIC Electronics is looking to enter the domestic electric vehicle (EV) ecosystem, focusing on areas like LED display boards, Railways Passenger Information Systems (PIS), and EV batteries.
It has a strong clientele base with well-known players like L&T Ltd, Indian Railways, Bharat Electronics, Indian Oil, Mahindra, Bharat Dynamics, BHEL, Maruti Suzuki, LIC, Reliance Industries and many others.
Financials and Ratios
On a standalone basis Its revenue from operations grew by 53 percent from Rs. 7.02 Crores in Q1FY24 to Rs. 10.71 Crores in Q1FY25, accompanied by profits of Rs. 1.24 Crores to Rs. 1.97 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 45.28 percent and a Return on capital employed (ROCE) of 9.55 percent. It has reported a debt-to-equity ratio of 0.10.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
