2000% Return In 5 Years! This Small-Cap Stock Under Rs 50 Expands Into Defence Business | Do You Own?

Shares of MIC Electronics Limited fell nearly 2% during Thursday's intraday trading session. The recent decline in MIC Electronics stock came despite the announcement of its defence business expansion. The company, on Thursday, announced the incorporation of its wholly-owned defence subsidiary.

MIC Electronics share price was trading 2% lower at Rs 37.32 per share on BSE with a market capitalisation of Rs 899.46 crore at 10:53 am on Thursday, September 3. The stock had touched an intraday high of Rs 37.32 per share and an intraday low of Rs 37.32 per share.

MIC Electronics Business Update

Nearly a month after investing Rs 10 lakh in its defence subsidiary, MIC ELectronics announced incorporation of MIC Defence Systems Private Limited. The firm has also received the certificate of incorporation from the Registrar of Companies, Central Registration Centre, Ministry of Corporate Affairs.

About MIC Defence Systems

The wholly owned subsidiary will provide facilities like defence electronics, defence systems, aerospace, homeland security, unmanned systems, surveillance solutions, electronic warfare, artificial intelligence-based defence technologies, cyber security solutions and other allied products and services.

MIC Electronics Share Price Trend

The stock opened lower on Thursday. Its shares are trading under ESM Stage II, with trading conducted through periodic call auctions. The company scrip touched its 52-week high of Rs 82.82 per share on September 9, 2025. The stock dipped its 52-week low of Rs 30 per share on March 30, 2026. The stock has a return on equity (ROE) of -6.03%. Its share price value has surged 4.66% in two weeks and around 5.9% in three months. But it has declined around 27% in one year. Over the last five years, the stock has delivered 2,727% return, as per BSE data.

The company had reported a net profit of Rs 1.75 crore in June quarter of financial year 2026-27, against a net loss of Rs 18.42 crore in the March quarter of FY26. Its net revenue stood at Rs 12.29 in Q1FY27 against a revenue of Rs 50.8 crore in the March quarter.

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