5:1 stock split & 0.15/share dividend announced: FIIs bought 1,02,400 shares of this multibagger telecom infrastructure company with a Rs 1,747 crore order book
The stock gave multibagger returns of over 1,800 per cent from its 52-week low of Rs 142.50 per share.
Bondada Engineering Ltd informed that the Board of Directors of the company has approved a stock split in the ratio 5:1 i.e., the existing 1 equity share of the company having a face value of Rs 10 each fully paid-up shall be sub-divided/split into 5 equity shares having a face value of Rs 2 each fully paid-up. The record date for the stock split is yet to be determined. The authorised share capital of the company is Rs 25,00,00,000 divided into 12,50,00,000 equity shares of Rs 2 each.
Additionally, the Board recommended a final dividend of Rs 0.15 per equity share of the face value of Rs 10 each (i.e., 1.5 per cent) for the financial year ending March 31, 2024. The record date for the final dividend is fixed as Friday, July 26, 2024.
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 March 31, 2023, the company’s order book stands at Rs 1,747 crore and in the pipeline at Rs 1,260 crore.
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On Tuesday, shares of Bondada Engineering Ltd surged 0.46 per cent to Rs 2,769.50 per share with an intraday high of Rs 2,850 and an intraday low of Rs 2,750. The stock gave multibagger returns of over 1,800 per cent from its 52-week low of Rs 142.50 per share. In March 2024, FIIs bought 1,02,400 shares and increased their stake to 0.95 per cent compared to 0.48 per cent in December 2023.
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 5,900 crore. According to the annual results, the net sales increased by 116 per cent to Rs 801 crore and the net profit increased by 156 per cent to Rs 46 crore in FY23 compared to FY22.
The shares of the company have an ROE of 57 per cent and an ROCE of 42 per cent. Investors should keep an eye on this telecom infrastructure stock.
Disclaimer: The article is for informational purposes only and not investment advice.
Also Read: Rs 37,000 crore order book & FIIs increase stake: This engineering company bags new solar & EPC orders worth Rs 1100,00,00,000