FIIs bought 1,00,000 shares and Rs 1,695 crore order book: This multibagger telecom infrastructure company bags new orders worth Rs 1,30,64,87,640

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

Bondada Engineering Ltd informed that the company has received work orders worth Rs 1,30,64,87,640 from various clients across India. Here are the details: -

Order No – 1: The company received an order worth Rs 24,01,20,855 (including GST) from Pace Digitek Infra Private Limited and will be completed on or before March 31, 2024. The order includes the supply of 40M ground-based towers 200 KMPH.

Order No – 2: The company received an order worth Rs 81,34,02,405 (including GST) from NLC India Limited and will be completed within 15 months. The order includes the balance of system (BOS) work for SOMW Solar Power Project including the O&M for three years.  

Order No – 3: The company received an order worth Rs 4,93,17,121 (including GST) from Sundrops Energia Private Limited and will be completed on or before May 05, 2024. The order includes supplying the equipment for the solar power plant.

Order No – 4: The company received an order worth Rs 20,36,47,259 (including GST) from Sundrops Energia Private Limited and will be completed on or before May 05, 2024. The order encompasses providing both monocrystalline bl facial solar PV modules and a 275KW string inverter at 50 degrees, manufactured by Wattpower. Additionally, comprehensive Engineering, Procurement, and Construction Services (EPCC) will be rendered for the establishment of a solar power plant, adhering to the terms and conditions outlined in the agreement.

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 surged 0.60 per cent to Rs 865.65 per share with an intraday high of Rs 895 and an intraday low of Rs 860. The stock gave multibagger returns of over 500 per cent from its 52-week low of Rs 142.50 per share. In December 2023, FIIs bought 1,00,000 shares and increased their stake to 0.48 per cent compared to 0.01 per cent in September 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 1,800 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