Multibagger stock that provides engineering, procurement, and construction (EPC) services hit 5 percent upper circuit in the day’s trade after it received an order worth Rs. 32 Crores. 

The shares of Bondada Engineering Limited hit 5 percent upper circuit in the day’s trade at Rs. 442.60 and its market capitalization is Rs. 956 Crores. 

Bondada Engineering Limited has received a work order from Dinesh Engineering Limited for the supply of 300 quantities of 40-meter towers with all the accessories, for a consideration of Rs. 32.72 Crores, the order is to be supplied to Jharkhand and Chattisgarh. 

It has delivered multi-bagger returns of 196 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. 2.96 Lakh in 3 months. 

Its 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 has reported a return on equity (ROE) of 26.79 percent and a return on capital employed (ROCE) of 22.70 percent, it is making good returns on its equity and capital employed. 

Bondada Engineering Limited provides 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


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