5,650 Per Cent Returns: Defence Telecom Company Bags New Order Worth Rs 1,64,00,000 From Larsen & Toubro Ltd

The stock is up by 42 per cent from its 52-week low, gave multibagger returns of 950 per cent in 3 years and a whopping 5,650 per cent in a decade.

Avantel Limited announced it has received a purchase order worth Rs 1.64 crore from Larsen & Toubro Limited. The order for the supply of Satcom Systems is awarded by a domestic entity. The nature of the order is manufacturing, and it is expected to be executed by January 2026.

Established in 1990, Avantel Limited specializes in integrating cutting-edge communication and technology solutions. Headquartered in Visakhapatnam with a corporate office in Hyderabad, Avantel is renowned for its advanced technological products and services catering to strategic sectors such as defence and aerospace. Certified with AS 9100D and ISO 9001:2015, the company focuses on delivering high-quality, reliable solutions that align with the stringent requirements of its clients, including various government and defence entities. Avantel's commitment to innovation and quality has positioned it as a key player in India's technology landscape.

According to Quarterly Results, the net sales increased by 20 per cent to Rs 71 crore and net profit increased by 25 per cent to Rs 20 crore in Q3FY25 over Q3FY24. As of annual results, the net sales increased by 45.3 per cent to Rs 224.37 crore and net profit increased by 96 per cent to Rs 52.55 crore in FY24 over FY23.

The company is a Small-Cap company having a market cap of over Rs 2,800 crore with a 3-year stock price CAGR of 120 per cent. The company's shares have an ROE of 39 per cent and an ROCE of 47 per cent. The stock is up by 42 per cent from its 52-week low, gave multibagger returns of 950 per cent in 3 years and a whopping 5,650 per cent in a decade. Investors should keep an eye on this small-cap stock.

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