Rs 1,695 crore order book: This multibagger telecom infrastructure company bags new order worth Rs 3,24,50,000 from Bharti Airtel Ltd!

The stock gave multibagger returns of 193 per cent from its 52-week low of Rs 142.50 per share.

Bondada Engineering Ltd informed that the company received a new order worth Rs 3,24,50,000 (including GST) from Bharti Airtel Ltd. The order includes the supply of a 6-metre height GI pole weight 60kg (Hot Dipped Galvanised) without base, 5,000 quantities to Tamil Nadu.

Earlier, the company received an order worth Rs 18,04,30,756 (including GST) from Bharat Sanchar Nigam Limited (BSNL). BSNL has granted approval to award the work of outsourcing of SLA-based comprehensive maintenance of OFC (existing OFC of BSNL and Incremental OFC laid by BSNL), FLM of GPON Equipment and of Bharatnet Network in the Assam, NE-1 and NE-2 telecom circle.

Additionally, the company have acquired a substantial stake of 60 per cent in the paid-up equity share capital of Atpole the Technologies Private Limited (ATPOLE). Consequent to the acquisition of up to 60 per cent of the equity stake by the company, ATPOLE will become a subsidiary company of Bondada Engineering Limited.  

ATPOLE, a top maker of advanced torque motors for EVs, drones, and more, has been acquired by Bondada Engineering, enabling Bondada's entry into renewables. This strategic move fuels Bondada's ambition to rapidly expand its BLDC motor presence in the electric vehicle space through synergies with existing energy businesses and alignment with green energy goals. Expect to see Bondada leveraging ATPOLE's expertise to become a major player in eco-friendly motors across diverse industries.

Incorporated in 2012, Bondada Engineering Limited provides engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry. As of September 30, 2023, the company’s order book stands at Rs 1,695 crore.

Today, shares of Bondada Engineering were locked in a 5 per cent upper circuit to Rs 417.70 per share. The stock gave multibagger returns of 193 per cent from its 52-week low of Rs 142.50 per share. The shares of the company saw a spurt in volume by more than 3 times on BSE.

The stock was listed on BSE under the BSE SME IPO Index with a lot size of 1,600 shares. The company has a market cap of Rs 901.02 crore. According to the annual results, the net sales increased by 11 per cent to Rs 371 crore and the net profit increased by 80 per cent to Rs 18 crore in FY23 compared to FY22.

The shares of the company have an ROE of 26.1 per cent and an ROCE of 22.3 per cent. Investors should keep an eye on this telecom infrastructure stock.

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