250% Surge in 1 Yr, 100x in 5 Yrs; FIIs Buys 1.95 Crore Shares in this Electronics Components Stock

For the last 5 days, the shares of MIC Electronics Limited have been in an upper circuit. On the last trading day also, the shares of MIC Electronics Limited hit an upper circuit of 5% and reached to a new high. Now it is at Rs 78.39 which is its latest 52-weeks high, while its 52-weeks low is Rs 23.

The company’s shares are witnessing a continuous rise. Its stock has seen a 70% increase in the last one month on BSE. Whereas in the last 1 year, it has increased by more than 200% and more than 100 times in the last 5 years. You can also see the stock performance table given below in performance section to know the annual and compounded performance of the stock from listing till now.

FIIs Buys 1.95 Crore Shares

Recently MIC Electronics Ltd successfully concluded its Qualified Institutional Placement (QIP) from June 12, 2024 to June 26, 2024 and issued 1.95 crores (1,95,65,217) equity shares to qualified institutional buyers. The shares were priced at Rs 46 per share, which was Rs 44 higher than the floor price.

The total funds raised amounted to Rs 90 Crore (89,99,99,982) through this placement. Key investors included Antara India Evergreen Fund, Coeus Global Opportunities Fund, and Minerva Ventures Fund participated in the QIP.

Antara India Evergreen acquired 43,47,826 shares, Coeus Global Opportunities Fund acquired 86,95,652 shares, and Minerva Ventures Fund acquired 65,21,739 shares respectively in the QIP.

Company Received Letter of Acceptance for Completion of the Project

Recently the company has received completion/installation certificate from Ratlam division of Western Railway zone for successfully completing several projects.

These projects include replacing train display boards with coal-based models on five lines in Indore, installation of new CGS boards on platform 2 of NMH station, installation of train display boards and GPS clocks at 33 stations under the Ministry of Earth Sciences (MEA), and replacing train display boards at seven stations with one-glance display boards at four stations and analogue/GPS clocks at 67 stations, all based on coral life.

The announcement of this successful completion was made on June 25, 2024.

The company also has received a letter of acceptance from the Ferozepur division of Northern Railway zone for installing coach guidance display boards at major stations. This domestic order worth Rs 3,04,95,150 was placed through tender in a period of nine months.

No promoters or affiliated companies have any ownership or financial interest in the Firozpur Division, and this transaction is not classified as a related party transaction.

MIC Electronics Shares Surged 250% Within A Year

MIC Electronics stock has risen more than 100% in just five months, 144% in six months, and 202% in nine months. In the last 12 months, it has given more than 250% return.

In the last 12 months, it has increased investors’ money more than three times. If you had invested ₹ 1 lakh in it 12 months ago, the value of those shares would have increased to ₹3.50 lakh today.

MIC Electronics Shares Soars 144% in 2024 YTD

MIC Electronics’ share price was trading in ₹33.72 per share in January and today it is trading at ₹82.30 representing a total gain of 144% in 2024 YTD.

₹1 Lakh Became ₹1.14 Crore in 5 years

In the table below you can check the MIC Electronics’ absolute returns and CAGR growth from listing. You can also check that if someone has invested a lump sum of Rs 1 lakh then what is the value of those Rs 1 lakh worth of shares today…

• There has been an increase of more than 250 percent in a year. If we look at the performance of the last two years, it has shown a rise of of more than 450%.
• In the past four years, MIC Electronics has increased investors’ money by more than 84 times.
• For investors who invested Rs 1 lakh in MIC Electronics five years ago, the value of those ₹1 lakh shares has grown to ₹1.14 crore (₹11,430,556).
• The CAGR growth of MIC Electronics for the last 5 years is 158.00% and 29.66% for the last 10 years.

MIC Electronics Shares Performance & Return (Year-wise)

In the table below you can check the MIC Electronics’ return or performance year by year from listing to date.

• Since listing, the MIC Electronics’ shares have not seen a lot of major falls and gains on an annual basis.
• MIC Electronics is a multibagger stock of 2021 and has given a return of 2042% in just one year. Apart from this, it has given an annual return of more than 100% five times since listing. Apart from this, its stock has also fallen from 30% to 80% 8 times since listing.

About the Company

MIC Electronics has been a global leader since 1988, specialising in LED video displays, high-end electronics and telecom equipment. MIC’s key products include LED video displays for various applications such as sports stadiums and transportation hubs, indoor and outdoor LED lighting, and oxygen concentrators.

MIC is headquartered in Hyderabad and has a nationwide presence and is expanding internationally. They export their products to the USA, Australia, South Africa, Saudi Arabia, Middle East, and many other countries.

Last 10 Years Compounded Sales and Profit Growth of MIC Electronics

• MIC Electronics Compound’s sales growth is 269%, profit growth is 130% and the stock has grown at a CAGR of 75.48% in the last three years.
• MIC Electronics has witnessed compound sales growth of 62% and profit growth of 32% with a CAGR growth of 158.00% over the last 5 years.
• The combined sales growth for the last 10 years is -4%, profit growth is 19%, and CAGR growth is 29.66%.

MIC Electronics Shareholding Pattern

• The promoters of the company hold 74.59% stake and have sold a small percentage of stake in the last 2 years.
• FIIs data is not updated till now and DIIs are absent from the stock, while public shareholding stands at 25.41%.

Disclaimer: This article is for informational purposes only and should not be considered any investment advice.