Rs 1,747 crore order book and 1,050 per cent returns: This multibagger telecom stock bags new order worth Rs 2,31,29,227!

Shares of the company have gained about 320 per cent in the last six months.

Bondada Green Engineering Private Limited, a subsidiary of Bondada Engineering Limited, has secured a domestic order worth Rs. 2,31,29,227 (including GST) from Shiv Shakti Constructions. This contract involves the fabrication, galvanization, and supply of various types of towers, including their bodies, legs (both equal and unequal lengths), and extensions. It excludes stubs, bolts & nuts, hangers, D-shackles, and packing washers.

Recently, Bondada Engineering Limited secured a new order from Bharti Airtel Limited for the supply of galvanized iron (GI) poles. These poles will be 6 meters tall, weigh 60 kilograms each, and won't have a base. The total value of the order is Rs. 1,36,88,000 and will be delivered to Tamil Nadu and Kerala. The company has a total order book of Rs 1,747 crore.

The company posted strong half-yearly Results. The revenue of the company for H2FY24 stood at Rs 505.00 crore which grew by 99.11 per cent YoY. The operating profit of the company stood at Rs 49.67 crore, while the PAT of the company stood at Rs 31.44 crore, representing a substantial growth of 145.88 per cent YoY. The stock has delivered over 1,050 per cent returns in less than one year.

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. The company provides passive telecom infrastructure services which include cell site construction, erection, operation, and maintenance of telecom towers with civil, electrical, and mechanical works.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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