Multibagger which provides engineering, procurement, and construction (EPC), operation, and maintenance (O&M) services receives work orders worth Rs. 20.18 Crores for the supply of telecom infrastructure.
At 2:25 a.m. the shares of Bondada Engineering Limited were trading at Rs. 448.50, down 0.29 percent from its previous day’s close price of Rs. 449.80 and its market capitalization is Rs. 956 Crores.
Bondada Engineering Limited has received work orders worth Rs. 20.18 Crores from Pace Digitek Infra Private Limited for the supply of 100 quantities of 40 Meter ground-based towers with 200 KMPH to Gujarat and 100 quantities of the same specifications to Maharashtra.
It has delivered multi-bagger returns of 200 percent since the last three months of listing on the stock exchange. A shareholder’s investment of Rs. 1 lakh in the company would be Worth Rs. 3 Lakh in 3 months.
The company’s revenue from operations grew 10.92 percent from Rs. 334.11 Crores in FY22 to Rs. 370.59 Crores in FY23, accompanied by increasing profits of Rs. 10.14 Crores to Rs. 17.85 Crores.
In FY23 it reported a return on equity (ROE) of 26.79 percent and a return on capital employed (ROCE) of 22.70 percent, it is delivering good returns on its equity and capital employed.
Bondada Engineering Limited is engaged in providing engineering, procurement, and construction (EPC), operation, and maintenance (O&M) services to companies operating in telecom, solar energy, and infrastructure.
Written by: Bharath K.S
