Rs 1,700 crore order book & 2,300 per cent multibagger returns: Company bags order worth Rs 13,26,90,410 for the solar product!

The company's shares have delivered an impressive return of over 300 per cent to their shareholders in the past six months only.

Incorporated in 2012, Bondada Engineering Ltd provides engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services to companies operating in the telecom and solar energy industries. The company has announced the significant order received by the company.

Order Details:

Morphing Innovations OPC Private Limited has awarded a work order to Bondada E&E Private Limited, a subsidiary of Bondada Engineering Limited, for the supply of standalone Solar Street Lights, totalling Rs 13,26,90,410 (Rupees Thirteen Crore Twenty-Six Lakhs Ninety Thousand Four Hundred and Ten Only), including GST. The contract stipulates execution within 7 days of purchase order acceptance.

Share Performance:

On Tuesday, the company's stock closed at around Rs 1824.35 per share, with a market capitalisation of Rs 3940 crore. Additionally, the stock has delivered an impressive return of around 108 per cent in the past 3 months only and a multibagger return of 306 per cent in the past six months only. Furthermore, the company’s stock has given a remarkable return of 2330 per cent return compared to its final IPO issue price of Rs 75 per share.

Financial performance

According to the Quarterly Results, in Q4 FY24, the company's revenue surged by 99 per cent, reaching Rs 505 crore, while it reported a net profit of Rs 31 crore during the same period. In FY24, the company reported a revenue of Rs 801 crore surged by 116 per cent with a net profit of Rs 46 crore representing a gain of 155 per cent YoY.

According to the shareholding pattern of the company, promoters hold 63.33 per cent of the company while FIIs almost doubled their investment in Q4 and currently stand at 0.95 per cent as per the recent update.

Investors must keep this Small-Cap stock on their radar.

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