Upper Circuit Stock: This Solar & Telecom EPC Company Bagged Order Worth Rs 2,05,32,000 from Airtel, Stock Gains 500 per cent in Just 6 Months!

The company’s shares have delivered an impressive return of over 220 per cent in just 3 months only.

Bondada Engineering Limited specializes in offering engineering, procurement, and construction (EPC) services, along with operations and maintenance (O&M) services. The company serves the telecom and solar energy sectors, providing a range of solutions.

The company has secured a contract from Bharti Airtel Limited for supplying 6-meter GI poles (Hot Dipped Galvanised) without bases, valued at Rs 2,05,32,000 (inclusive of GST) for a project in Tamil Nadu.

Bondada Engineering Limited's expertise includes passive telecom infrastructure services such as cell site construction, tower erection, operations, and maintenance, encompassing civil, electrical, and mechanical works. Additionally, it offers optical fiber cable laying and maintenance, supply of power equipment, and other related telecom infrastructure services to major telecom companies and tower operators across India.

Share Performance:

On Friday the shares of Bondada Engineering Limited closed the day at Rs 2436.80 per share. The company’s current market capitalization stands at Rs 5263.99 crore. The stock has delivered a return of around 500 per cent in just 6 months only.

Financial performance:

According to the Quarterly Results, in Q4 FY24, Bondada Engineering Limited reported a revenue of Rs 505 crore and an operating profit of Rs 254 crore. The operating profit margin for the quarter stands at 10 per cent. The company’s net profit stood at Rs 31 crore. In FY24, the company reported a revenue of Rs 801 crore compared to Rs 371 crore, and a net profit of Rs 46 crore, compared to a profit of Rs 18 crore in the previous year.

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

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