DSIJ Mindshare

Earlier, the company received an 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.

The shares of the company have an ROE of 26.1 per cent and an ROCE of 22.3 per cent.

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

In the last 24 days, the company has received orders from marquee clients like Bharti Airtel, Bharat Sanchar Nigam Ltd., and Dinesh Engineers Ltd. The business had significant growth in net profit and sales in the first half of FY24; net profit increased by 338 per cent and sales by 253 per cent, respectively, year over year.

The order, valued at an impressive Rs. 32,72,62,026  involves the supply of 40mtr Towers along with all the requisite accessories. The contract stipulates the delivery of 300 units, with 200 earmarked for Ranchi, Jharkhand, and 100 for Raipur, Chhattisgarh. This domestic deal marks a significant milestone for Bondada Engineering, showcasing its prowess in providing comprehensive Engineering, Procurement, and Construction (EPC) services.