Shares of this micro-cap company jumped up to 1 percent after receiving an order worth 3.24 crores from Bharti Airtel. The shares have delivered a multibagger return of 150 percent to its shareholders on a YTD basis.
With a market capitalisation of Rs. 810 crores, the shares of Bondada Engineering Ltd started Wednesday’s trading session on a higher note at Rs. 381.90 compared to its previous close of Rs. 379.75. The shares hit a high of Rs. 383.50, gaining around 1 percent and closing its day at Rs. 375 apiece.
Such a positive movement was observed after the company in an exchange filing announced receiving an order for a Supply of 6 Mtr Height GI pole Wt 60kg (Hot dipped Galvanised) without a Base of 5,000 quantities to Tamil Nadu from Bharti Airtel worth Rs. 3.24 crores.
Digging into the company’s financial statements, the revenue increased by 11 percent from Rs. 334 crores during the June quarter to Rs. 371 crores in the September quarter. In addition, the net profits magnified by 80 percent from Rs. 10 crores to Rs. 18 crores during the same timeframe.
The company has an order book of Rs. 1695 crores and Rs. 1245 crores worth of orders are in the pipeline. The company has entered into the LED lights business and has started getting orders through its wholly-owned subsidiary.
Looking at the company’s important financial ratios, the return on equity stood at 26.79 percent during FY22-23 and the return on capital employed was recorded at 22.7 percent for the same period.
Headquartered in Hyderabad, Bondada Engineering was incorporated in 2012. The company provides engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to the telecom and solar energy industry.
Written By Vaibhav Patil
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
