5:1 Stock Split: Multibagger Engineering Company Announces Record Date, Recently Bags Order Worth Rs 85,14,38,537 from BSNL!
The company’s shares have delivered a multibagger return of over 290 per cent in just 6 months only.
The Small-Cap company offers engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services to companies in the telecom and solar energy sectors.
The company has set Monday, September 2, 2024, as the "Record Date" to determine the entitlement of equity shareholders for the subdivision or stock split of existing equity shares. Each equity share with a face value of Rs 10 will be split into 5 equity shares with a face value of Rs 2 each, fully paid up.
Recently, the company received an additional work order from Bharat Sanchar Nigam Limited. This order involves providing Infrastructure as a Service Provider (IaaSP) for the supply and erection of GBT, installation of infrastructure items, and subsequent O&M services for 5 years. The total value of the order is Rs 85,14,38,537 (including GST) and covers the Karnataka and Kerala regions. The contract is to be executed over a period of 5 years.
On Wednesday, the shares of Bondada Engineering Limited closed at around Rs 3048.25 per share. The company’s current market capitalization stands at Rs 6584.85 crore. Additionally, the shares have delivered multibagger returns of over 290 per cent in just 6 months.
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As per the Quarterly Results, in Q4 FY24, Bondada Engineering Limited recorded a revenue of Rs 505 crore from Rs 254 crore. The operating profit stood at Rs 48 crore. The net profit stood at Rs 31 crore compared to a profit of Rs 13 crore last year same quarter. Looking at the annual performance, the company generated a revenue of Rs 801 crore in FY24. The operating profit for FY24 was Rs 68 crore with a net profit of Rs 46 crore compared to a net profit of Rs 17 crore in FY23.
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Investors must keep this small-cap company on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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