MIC Electronics Multibagger 3 yrs time frame Long term
- MIC Electronics is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software since 1988. Its also ISO 9001:2008 & ISO 14001:2004 certified.
- MIC's flagship products are LED Video Displays (indoor / outdoor / mobile), that have become an integral part of Sports Stadiums, Transportation Hubs, Digital Theatres and Theme Parks, Advertisements and Public Information Displays.
- Headquartered in Hyderabad (India), it has nation wide presence in the form of a vast network of marketing, sales and service support centres in all metros of India. To meet the demand of its products worldwide, it has offices in Australia,Korea and USA. Now the company is gradually setting up operations in other international markets.
- Some of the clients of MIC are L&T,Indian Railways,RBI,HP,MTNL,SBI,LIC,RELIANCE,COAL INDIA and more.
- Started in 1988 it Supplied Multi-colour & Multi-lingual LED Displays for On-line Train Information display to South Central Railways
- In 2008 MIC is selected for "Best Under a Billion" by Forbes Asia as one of 22 Indian companies among 200 Asia Pacific companies.
- The company was making loss for past few years.But its now turning around as the demand for LED is increasing and MIC is benefit from it
- Also It has tied up with LG which will further help the companies growth.With all this in mind and available at attractive price of less than 20 Rs, his stockcould give multibagger retursn in 3 yrs time frame.
MIRC Electronics also know as ONIDA Multibagger 3 years time frame
- MIRC electronics is an Indian Electronics Manufacturing Company started in 1981 to produce Televisions sets in India.
- I remember it was the first strong brand along with Solider TV and when Indian market was not opened to foreign players ONIDA was the most sought TV in India.
- After globalization,because of tough foreign players ONIDA couldn't catch up.
- Also traditional market of selling where the Shop seller decides what Product to see ,focused more on selling foreign products as they where having higher margins and incentives.
- Not only that the foreign companies send there own sales executive who stands there for the company and trys to sell the products to you.All these brought doom to ONIDA.
- But with the way Online platform is growing and "Make in India" focused by Goverment, ONIDA is set to bounce back.
- Mirc has world class manufacturing facilies at Wada (Maharashtra) and Roorkee (Uttrakhand) with a capacity of over 3.4 Million Televisions and 2.4 lakhs Washing Machines respectively.
- The company today has wide product portfolio including Flat panel TVs (LED & LCD TVs), Air Conditioners, Washing Machines, Microwave Ovens, DVD & Home Theatre systems, Mobile phones, Projector systems and LED lights.
- Though the comapny is still loss making because of high intrest, i belive its at turning point of its tenure.Also promoters are pumming in money to bring down the intrest cost on Loans.
- So this company could be a mutibagger in 3 years time frame.
