MIC Electronics Ltd Q3 FY26 – ₹90 Cr Quarterly Revenue, 668% YoY Sales Spike, 110x P/E: Railway Darling or Diluted Drama?
1. At a Glance – Blink and You’ll Miss the Promoter Exit
MIC Electronics Ltd is that classic Indian midcap story where Indian Railways orders meet capital market gymnastics. Market cap stands at ₹1,026 Cr, stock price at ₹42.6, while the company just reported ₹90.2 Cr quarterly revenue, a spicy 668% YoY jump, yet profits politely refused to cooperate, declining 13.4% YoY.
P/E sits at a nosebleed 110, ROCE is a sleepy 8.7%, ROE barely stretching at 5.6%, and debt is ₹45.8 Cr — not scary, but not yoga-flexible either. Promoters? Once at 75%, now down to 55.5%, thanks to QIPs, fund raises, and dilution gymnastics.
This stock screams “Railway PSU supplier with startup-level valuation confidence.” Curious? You should be.
2. Introduction – From Near-Death to Railway Resurrection…
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