2:1 bonus shares & 5:1 stock split with 14,700 per cent returns: This multibagger telecom infrastructure company bags new orders worth Rs 16,92,00,000

The stock gave multibagger returns of 330 per cent in just 1 year, 1,590 per cent in 3 years and a whopping 14,700 per cent in a decade.

Today, shares of Avantel Ltd plunged 1.23 per cent to Rs 112.80 per share from its previous closing of Rs 114.20 with an intraday high of Rs 114.85 and an intraday low of Rs 112.10. The stock’s 52-week high is Rs 140 per share and its 52-week low is Rs 24.18 per share.

The company received 2 orders worth Rs 16,92,00,000. Here are the details: -

Order No – 1: The company received an order worth Rs 7.20 crore from Larsen & Toubro Limited. The order is for manufacturing and will be completed by March 31, 2025.

Order No – 2: The company received an order worth Rs 4.24 crore from Material Organisation, Visakhapatnam. The order is for manufacturing and will be completed by March 01, 2025.

Order No – 3: The company received an order worth Rs 5.48 crore from Garden Reach Shipbuilders Limited. The order is for manufacturing & services and will be completed by June 30, 2025.

Avantel Ltd is an Indian company with over 20 years of experience designing and developing communication and defense technology. They specialize in creating customized solutions for the aerospace and defence sectors, including satellite communication, radar systems, and software applications. Their products are used by organizations like the Indian military, railways, and research institutions.

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 current 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 330 per cent in just 1 year, 1,590 per cent in 3 years and a whopping 14,700 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.