Rs 1,695 crore order book: This multibagger telecom infrastructure company bags new orders worth Rs 30,82,75,000 from Bharti Airtel Ltd!

The stock gave multibagger returns of 234.63 per cent from its 52-week low of Rs 142.50 per share.

Bondada Engineering Ltd informed that the company has received work orders for the supply of 6 Mtr Height GI pole Wt. 60 kg (hot dipped galvanised) without base and supply of 6 Mtr Height GI pole Wt. 66kg (hot dipped galvanised) without base, 42,500 qty amounting to Rs 27,58,25,000 (including GST) to Haryana.

Earlier, 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.

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 Ltd plunged 0.56 per cent to Rs 476.85 per share with an intraday high of Rs 498 and an intraday low of Rs 472.50. The stock gave multibagger returns of 234.63 per cent from its 52-week low of Rs 142.50 per share.

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 over Rs 1,000 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.