Latest news with #MICElectronicsLtd
Mint
17-07-2025
- Business
- Mint
Small-cap IT stock jumps despite weak trends in Indian stock market
The small-cap IT company, MIC Electronics Ltd, experienced a 2% rise during Thursday's trading session after securing a contract for annual maintenance from the Vijayawada Division - S & T, part of the South Central Railway Zone. This domestic order, which was acquired through a tender process, is worth ₹ 13,48,000 and will last for two years, with particular terms and conditions to be confirmed upon execution. The company has recently obtained a substantial domestic work order from the Signal and Telecommunication Branch of the Palakkad Division S&T at the Railway Divisional Office in Palakkad. This contract, worth ₹ 1,28,34,157.90, entails the supply, installation, testing, and commissioning of an IPIS system at the Kannur station. This initiative is part of a larger project aimed at enhancing Passenger Amenities under the Amrit Bharat Station Scheme and includes a comprehensive annual maintenance contract (CAMC) for six years. The company has received the Letter of Acceptance for this direct contract, which was secured through a tender process, and is anticipated to complete the project within six months from the date of the letter. MIC Electronics share price today opened at ₹ 54.28 apiece on the BSE, the stock touched an intraday high of 55.36 per share, and an intraday low of ₹ 53.59 apiece. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, this is an underperforming stock, but is showing signs of bounce back from March swing low, prices have now breached 20EMA and maybe an extension of bounce can be seen, 58 - 60 is the next resistance, on flip side, 50 is the immediate support. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Business Standard
06-06-2025
- Business
- Business Standard
Hybrid Financial Services Ltd leads gainers in 'B' group
Creative Eye Ltd, Krebs Biochemicals & Industries Ltd, MIC Electronics Ltd and Hubtown Ltd are among the other gainers in the BSE's 'B' group today, 06 June 2025. Creative Eye Ltd, Krebs Biochemicals & Industries Ltd, MIC Electronics Ltd and Hubtown Ltd are among the other gainers in the BSE's 'B' group today, 06 June 2025. Hybrid Financial Services Ltd spiked 20.00% to Rs 15.66 at 06-Jun-2025 EOD IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 62977 shares were traded on the counter so far as against the average daily volumes of 2423 shares in the past one month. Creative Eye Ltd surged 19.97% to Rs 8.53. The stock was the second biggest gainer in 'B' group. On the BSE, 1 lakh shares were traded on the counter so far as against the average daily volumes of 6059 shares in the past one month. Krebs Biochemicals & Industries Ltd soared 18.60% to Rs 94.9. The stock was the third biggest gainer in 'B' group. On the BSE, 14519 shares were traded on the counter so far as against the average daily volumes of 1868 shares in the past one month. MIC Electronics Ltd gained 15.00% to Rs 67.4. The stock was the fourth biggest gainer in 'B' group. On the BSE, 6.64 lakh shares were traded on the counter so far as against the average daily volumes of 1.98 lakh shares in the past one month. Hubtown Ltd rose 14.32% to Rs 207.15. The stock was the fifth biggest gainer in 'B' group. On the BSE, 1.06 lakh shares were traded on the counter so far as against the average daily volumes of 18170 shares in the past one month.
Mint
23-05-2025
- Business
- Mint
FII favourite small-cap stock below ₹100 jumps over 4% from today's low. Do you own?
Shares of MIC Electronics Ltd, a small-cap FII-favourite stock trading below ₹ 100, witnessed renewed investor interest on Friday, May 24, following the company's earnings report for the quarter ended March 2025 (Q4FY25). The stock climbed more than 4 percent from its intraday low of ₹ 57.85 to hit a high of ₹ 60.42, driven by volume-led optimism despite a sharp year-on-year decline in net profit. MIC Electronics reported a net profit of ₹ 3.57 crore for Q4FY25, marking a significant 92.84 percent drop from ₹ 49.59 crore in the corresponding quarter of the previous fiscal year. The steep decline in profits came as a surprise to investors, especially given the company's impressive topline performance. Total income for the quarter stood at ₹ 45.15 crore, up 89.5 percent from ₹ 23.82 crore in Q4FY24, reflecting a substantial increase in business activity. On the operating front, the company reported a 37.74 percent rise in EBITDA to ₹ 8.65 crore, compared to ₹ 6.28 crore in the year-ago period, indicating improved operational efficiency and margin resilience despite bottom-line pressures. For the full year ended March 2025, MIC Electronics' net profit fell 84.10 percent to ₹ 9.83 crore from ₹ 61.84 crore in FY24. However, total annual sales jumped 73.65 percent to ₹ 94.76 crore, compared to ₹ 54.57 crore in the previous fiscal, driven by broader market penetration and product demand. While the drop in profit raises concerns about cost structures and possibly one-time adjustments, the sharp revenue growth signals robust order execution and customer expansion, especially in export markets. Foreign & Promoter Holdings Foreign Portfolio Investors (FPIs) held a 3.80 percent stake in MIC Electronics as of March 2025, slightly lower than the 4.15 percent held in the December 2024 quarter. However, the number of FPI investors increased from 7 to 12 during the period, reflecting broader institutional interest. Notably, Mauritius-based Multitude Growth Funds Limited acquired a 1.47 percent stake (3.55 million shares) in Q4FY25, highlighting strategic accumulation despite headline profit concerns. Promoter confidence remains high, with their stake rising to 66.48 percent in March 2025, up from the previous quarter. This suggests long-term conviction in the company's growth strategy. Founded in 1988, MIC Electronics has evolved into a key domestic player in LED display systems, telecom equipment, and medical devices. The company operates on a global scale, with presence in the USA, UK, and Australia. It has positioned itself as an innovation-driven, export-oriented manufacturer catering to government and industrial segments. Over the past year, the stock has returned nearly 9 percent. It has gained 4.75 percent so far in May following a 6 percent rise in April. However, the stock had a rough start to 2025, slipping 5.5 percent in March, 31 percent in February, and 3.9 percent in January.
Mint
23-05-2025
- Business
- Mint
FII favourite small-cap stock below ₹100 jumps over 4% from today's low. Do you own?
Shares of MIC Electronics Ltd, a small-cap FII-favourite stock trading below ₹ 100, witnessed renewed investor interest on Friday, May 24, following the company's earnings report for the quarter ended March 2025 (Q4FY25). The stock climbed more than 4 percent from its intraday low of ₹ 57.85 to hit a high of ₹ 60.42, driven by volume-led optimism despite a sharp year-on-year decline in net profit. MIC Electronics reported a net profit of ₹ 3.57 crore for Q4FY25, marking a significant 92.84 percent drop from ₹ 49.59 crore in the corresponding quarter of the previous fiscal year. The steep decline in profits came as a surprise to investors, especially given the company's impressive topline performance. Total income for the quarter stood at ₹ 45.15 crore, up 89.5 percent from ₹ 23.82 crore in Q4FY24, reflecting a substantial increase in business activity. On the operating front, the company reported a 37.74 percent rise in EBITDA to ₹ 8.65 crore, compared to ₹ 6.28 crore in the year-ago period, indicating improved operational efficiency and margin resilience despite bottom-line pressures. For the full year ended March 2025, MIC Electronics' net profit fell 84.10 percent to ₹ 9.83 crore from ₹ 61.84 crore in FY24. However, total annual sales jumped 73.65 percent to ₹ 94.76 crore, compared to ₹ 54.57 crore in the previous fiscal, driven by broader market penetration and product demand. While the drop in profit raises concerns about cost structures and possibly one-time adjustments, the sharp revenue growth signals robust order execution and customer expansion, especially in export markets. Foreign & Promoter Holdings Foreign Portfolio Investors (FPIs) held a 3.80 percent stake in MIC Electronics as of March 2025, slightly lower than the 4.15 percent held in the December 2024 quarter. However, the number of FPI investors increased from 7 to 12 during the period, reflecting broader institutional interest. Notably, Mauritius-based Multitude Growth Funds Limited acquired a 1.47 percent stake (3.55 million shares) in Q4FY25, highlighting strategic accumulation despite headline profit concerns. Promoter confidence remains high, with their stake rising to 66.48 percent in March 2025, up from the previous quarter. This suggests long-term conviction in the company's growth strategy. Founded in 1988, MIC Electronics has evolved into a key domestic player in LED display systems, telecom equipment, and medical devices. The company operates on a global scale, with presence in the USA, UK, and Australia. It has positioned itself as an innovation-driven, export-oriented manufacturer catering to government and industrial segments. Over the past year, the stock has returned nearly 9 percent. It has gained 4.75 percent so far in May following a 6 percent rise in April. However, the stock had a rough start to 2025, slipping 5.5 percent in March, 31 percent in February, and 3.9 percent in January. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
