5,500 Per Cent Returns: Defence Telecom Company Bags New Order Worth Rs 4,96,00,000 From Department of Atomic Energy
The stock is up by 18.4 per cent from its 52-week low, gave multibagger returns of 520 per cent in 3 years and a whopping 5,500 per cent in a decade.
Avantel Limited has announced the receipt of a purchase order from the Department of Atomic Energy, valued at Rs 4.96 crore (excluding taxes), as communicated via email on April 2, 2025. This domestic supply order, with an execution deadline of May 2, 2026, includes a 24-month warranty and requires a 3 per cent performance security deposit in the form of a bank guarantee, adhering to SEBI circulars dated September 9, 2015, and July 13, 2023.
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.
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According to Quarterly Results, the net sales increased by 20 per cent to Rs 71 crore and net profit increased by 25 per cent to Rs 20 crore in Q3FY25 over Q3FY24. As of annual results, the net sales increased by 45.3 per cent to Rs 224.37 crore and net profit increased by 96 per cent to Rs 52.55 crore in FY24 over FY23.
The company is a Small-Cap company having a market cap of over Rs 2,800 crore with a 3-year stock price CAGR of 120 per cent. The company's shares have an ROE of 39 per cent and an ROCE of 48 per cent. The stock is up by 18.4 per cent from its 52-week low, gave multibagger returns of 520 per cent in 3 years and a whopping 5,500 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.