MIC Electronics MICEL
Railways / Vande Bharat & Metro Rolling Stock: LED passenger-information display systems, station displays (RDSO/RCF-approved)
Mapped in 2 themes: Railways / Vande Bharat & Metro Rolling Stock and 5G/6G Telecom Buildout.
Where MIC Electronics sits in the supply chain
MIC Electronics appears in 2 supply-chain layers across 2 themes: Railways / Vande Bharat & Metro Rolling Stock and 5G/6G Telecom Buildout.
Railways / Vande Bharat & Metro Rolling Stock › Signalling, Train Control (Kavach) & Onboard Electronics
Indirect supplierLED passenger-information display systems, station displays (RDSO/RCF-approved)
Other companies in this layer
5G/6G Telecom Buildout › Electronics Manufacturing Services (EMS)
Indirect supplierLED lighting/display systems and telecom equipment (also railway and EV-charging electronics)
Other companies in this layer
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 55 | 95 | 191 |
| Net profit | 62 | 10 | −13 |
Latest-year revenue ₹191 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths · in Railways / Vande Bharat & Metro Rolling Stock
- Established RDSO/RCF-approved vendor for passenger-information display systems, a recurring niche tied to every new coach build and station upgrade with a limited qualified competitor set
Risks · in Railways / Vande Bharat & Metro Rolling Stock
- Small-cap with volatile earnings history
Common questions
What does MIC Electronics do?
In Railways / Vande Bharat & Metro Rolling Stock: LED passenger-information display systems, station displays (RDSO/RCF-approved). NextResearch maps it in 2 supply chains: Railways / Vande Bharat & Metro Rolling Stock and 5G/6G Telecom Buildout.
Where does MIC Electronics sit in the supply chain?
MIC Electronics (NSE: MICEL) is mapped in 2 supply-chain layers: Signalling, Train Control (Kavach) & Onboard Electronics (Railways / Vande Bharat & Metro Rolling Stock); and Electronics Manufacturing Services (EMS) (5G/6G Telecom Buildout).
Who are MIC Electronics' peers?
In the Signalling, Train Control (Kavach) & Onboard Electronics layer of Railways / Vande Bharat & Metro Rolling Stock: Kernex Microsystems (India), Quadrant Future Tek Ltd and HBL Engineering.
What is MIC Electronics' market cap and valuation?
As of 30 Oct 2026: market cap ₹1,053 Cr, ROCE 8.7%, ROE −5.8%, dividend yield 0%.