The shares of this small-cap company hit 5 percent upper circuit at Rs 2,320 apiece after the company received a letter of award from NLC India Ltd worth Rs 939.39 crore.
Bondada Engineering Ltd has a market capitalization of Rs 5,013.41 crore, the shares were trading at Rs 2,320.80 apiece, which increased significantly by around 5 percent as compared to the previous closing price of Rs 2,210.30 per share.
The company shares have seen such a bullish movement after Bondada Engineering Ltd received a new letter of award from NLC India Ltd valued at Rs 939 crore for the balance of system work for setting up 600MW grid Connected solar power project including the O&M for three years after SCOD at Khavda.
Examining the company’s financial performance, revenue magnified by 99 percent from Rs 254 crore in H2FY23 to Rs 505 crore in H2FY24, and during the time frame, net profit magnified significantly by 138 percent from Rs 13 crore to Rs 31 crore.
The stock has given a multi-bagger return of 475.88 percent in just six months and 1,451 percent in a year. If an investor invested Rs 1 lakh a year ago, it would now be worth Rs 15.51 lakh.
Comparing some companies’ crucial metrics, the return on equity increased from 19.20 percent in FY21-22 to 26.79 percent in FY22-23, while during the same time frame return on capital employed also inclined from 18.84 percent to 22.61 percent. In contrast, the net profit margin (NPM) stands at 4.92 percent in fiscal year 22-23
.Bondada Engineering Ltd provides engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services to its customers. Operating in the telecom and solar energy sectors. It focuses on infrastructure design and engineering, as well as operations and maintenance (O&M).
Written by:- Abhishek Singh
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