12,850 per cent returns: This multibagger telecom infrastructure company bags new orders worth Rs 1,84,00,000 from Headquarters Naval Aviation, Goa

The stock gave multibagger returns of 248 per cent in just 1 year, 1,430 per cent in 3 years and a whopping 12,850 per cent in a decade.

Today, shares of Avantel Ltd gained 2.5 per cent to Rs 114 per share from its previous closing of Rs 111.24. The stock’s 52-week high is Rs 140 per share and its 52-week low is Rs 30.97 per share.

Avantel Limited, a leading technology firm, has secured a significant supply order valued at Rs 1,84,00,000 from the Headquarters Naval Aviation, Goa. This contract highlights Avantel's commitment to delivering specialized services to prestigious domestic entities, reinforcing its position in the defence and technology sectors.

Under the terms of the contract, Avantel will be responsible for delivering key technology services within a one-year timeframe. A Performance Bank Guarantee of 5 per cent is also stipulated, ensuring compliance and reliability in execution. The order underscores Avantel's expertise and reliability in handling critical projects that require high standards of precision and security.

The partnership with Headquarters Naval Aviation is a testament to Avantel's innovative capabilities and its alignment with national defence requirements. This collaboration not only boosts Avantel's portfolio but also supports the strategic capabilities of India's naval forces. As Avantel continues to expand its reach in the defence sector, this order is expected to pave the way for more opportunities in similar high-stake projects.

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Established in 1990, Avantel Limited specializes in integrating cutting-edge communication and technology solutions. Headquartered in Visakhapatnam with a corporate office in Hyderabad, Avantel is renowned for its advanced technological products and services catering to strategic sectors such as defence and aerospace. Certified with AS 9100D and ISO 9001:2015, the company focuses on delivering high-quality, reliable solutions that align with the stringent requirements of its clients, including various government and defence entities. Avantel's commitment to innovation and quality has positioned it as a key player in India's technology landscape.

According to Quarterly Results, the net sales increased by 51.3 per cent to Rs 59 crore and net profit increased by 128.6 per cent to Rs 16 crore in Q3FY24 over Q3FY23. In its nine-month results, the net sales increased by 78.4 per cent to Rs 182 crore and net profit increased by 135.3 per cent to Rs 40 crore in 9MFY24 over 9MFY23. As of annual results, the net sales increased by 46.7 per cent to Rs 154 crore and net profit increased by 50 per cent to Rs 27 crore in FY23 over FY22.

The company is a Small-Cap company having a market cap of over Rs 2,700 crore with a 3-year stock price CAGR of 156 per cent. The shares of the company have an ROE of 31 per cent and a ROCE of 37 per cent. In the previous financial year, the shares of the company have ex-traded bonus shares and stock split in the ratio 2:1 and 5:1 respectively with November 11, 2023 and August 14, 2023, respectively their ex-dates.

The stock gave multibagger returns of 248 per cent in just 1 year, 1,430 per cent in 3 years and a whopping 12,850 per cent in a decade. Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.