This SME company bagged a total of Rs 71,37,85,826 orders in November, a multibagger stock with 338 percent profit growth

Currently, the stock is trading at Rs 427 and has given multibagger returns of 185.59 per cent since being listed on the stock exchange.

Bondada Engineering Limited has received work orders from Bharti Airtel Limited for the supply of 6-meter-high GI poles weighing 60kg (hot-dipped galvanized) without base in Kerala and Tamil Nadu. The order deadline is December 21, 2023, and the order size is Rs 2,92,05,000/-.

BONDADA is a leading provider of engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to customers in the telecom and solar energy industries. The company has a strong track record of providing high-quality, cost-effective solutions to its customers.

Currently, the stock of Bondada Engineering is trading at Rs 427 and has given multibagger returns of 185.59 per cent since being listed on the stock exchange. The market capitalization of Bondada Engineering stood at Rs 923 crore, where it is an SME company. The company has a good return on equity of 26.1 per cent and a high promoter holding of around 63 per cent.

In the month of November, the company secured a total of 4 orders totaling Rs 71,37,85,826, which is a remarkable achievement for the company.

In the last 20 days, the company has received orders from marquee clients like Bharti Airtel, Bharat Sanchar Nigam Ltd., and Dinesh Engineers Ltd.

In the first half of FY24, the company showed substantial growth in its sales and net profit, where sales soared by 253 per cent and net profit zoomed by 338 per cent year over year.

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

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