MIC Electronics, a manufacturer specializing in LED display systems and electronic equipment, has seen its stock price increase following a new order from the Indian Railways.
The company secured a Letter of Acceptance from the Firozpur Division, Northern Railway Zone of Indian Railways, for providing coach guidance and Public Address (PA) systems at the SVDK and SINA stations within the Jammu Division. The order is valued at ₹1,45,75,627.69. This translates to approximately ₹1.46 crore or 14.6 million. The project is slated for completion within three months from the date of the allotment confirmation.
The scope of work includes the supply, installation, testing, and commissioning of an integrated passenger information and backend telecom network. This encompasses LED-based coach guidance boards, train formation displays, GPS-enabled platform clocks, and indoor digital display units, all compliant with RDSO (Research Designs and Standards Organisation) specifications. The project also includes centralized backend infrastructure such as RMS servers, Central Data Controllers, Platform Data Controllers, networking racks, structured cabling, and software integration to ensure seamless data flow between field devices and control systems. Furthermore, the project entails associated site works like optical fiber cabling, CAT 6 data wiring, UPS systems with battery backup, power supply arrangements, earthing systems, conduit piping, trenching, and restoration activities.
MIC Electronics has a history of serving Indian Railways. Rakshit Mathur, CEO of MIC Electronics, stated that this order reinforces the company's capabilities in delivering comprehensive passenger information and railway telecom solutions, encompassing both field-level display systems and centralized data and server infrastructure, within defined timelines and stringent technical standards.
On February 9, 2026, MIC Electronics' stock price surged to hit its upper circuit limit, registering a maximum daily gain of 4.99% to close at ₹42.09. This rally was driven by strong buying interest and significant unfilled demand. On February 10, the shares closed at ₹41.70, a slight intraday drop of 0.57%. On February 11, 2026, the stock continued to trade in the green, with a gain of nearly 5 percent in the morning session.
In addition to this order, MIC Electronics has also secured its first commercial order for its GPS-based Public Address and Passenger Information System (PAPIS) from the Rail Coach Factory in Kapurthala. This follows the company's recent capacity cum capability assessment approval in late 2024.
MIC Electronics announced its Q3 results for the financial year 2025-26 on February 2, 2026. While net sales surged 667.91% to ₹90.23 crore compared to ₹11.75 crore in the same quarter of the previous financial year, the company's net profit for the period witnessed a 13.36% fall to ₹1.88 crore, compared year-on-year (YoY) with ₹2.17 crore.