MIC ELECTRONICS LTD

Designs, manufactures and supplies LED-based display systems — including coach indicator boards, GPS clocks and passenger information displays — for Indian Railways, alongside related electronic products. In FY26, the LED Products segment contributed ₹87.48 cr (99.6% of reported segment revenue), with segment EBIT of ₹21.85 cr; medical appliances and automobiles segments were nominal at ₹0.32 cr and nil respectively. A new Electrical & Electronics spares trading line, run through subsidiary MICK Digital India, contributed ₹103.25 cr per segment trend data. Recent order activity includes a ₹3.78 cr Letter of Acceptance from the Chhattisgarh Environment Conservation Board for lab furniture at a Nava Raipur environmental laboratory, completed installations of coach indicator boards at 6 platforms across 4 stations in the Rajkot and Jabalpur divisions of West Central Railway, and a parcel management system at 10 stations in Jabalpur. The company is also developing IPIS v2.0 (Intelligent Passenger Information System) for Indian Railways, has approved a wholly-owned defence subsidiary, and is acquiring a stake in Singapore-based Neo Semi SG Pte. Ltd. Cost structure is led by materials at 26.6% of FY26 revenue.