The share price of this semi-conductor firm gained 2 percent to an Intraday high of Rs 50.41 per share on Monday after the company received a work order worth over Rs 3.04 crores from Northern Railway Zone.
With a market capitalization of Rs 1,101.70 crores, the shares of MIC Electronics Ltd company moved up by 1.04 percent, closing at Rs 49.75 on Monday’s trading session. Comparing today’s high Rs 50.41 per share and a previous close of Rs 49.24 per share, the shares surged by 2 percent.
According to the company’s exchange filings, the firm received an order from Firozpur Division of the Northern Railway Zone to provide coach guidance display boards at major stations in the Firozpur Division. The value of the work order is estimated to be over Rs. 3.04 crores and the time period for the execution of project is 9 months.
Taking a look into the financials of MIC Electronics Limited. On a year-on-year basis, the revenues from operations increased by a tremendous 816 percent from Rs. 6 crores in FY22-23 to Rs 55 crores in FY23-24 while the net profits showcased a transition from a breakeven position in FY22-23 to a profit of Rs 62 crores in FY23-24.
As of March 2024, the ROE stood at 50.70 percent. The ROCE was 10.42 percent and the net profit margin stood at 113.31 percent.
The shares of this company generated an overall multi-bagger return of 153.78 percent over the past one year and 37.21 percent over the past 6 months.
As of March 2024, its shareholding pattern stood at 74.59 percent for promoters and 25.41 percent for the public.
Incorporated during the year 1988, MIC Electronics is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software.
Written By Zahal
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