The shares of this small-cap company hit 5 percent upper circuit of Rs 2,558.60 apiece after the company received a new work order from Bharti Airtel Ltd worth Rs 2.05 crore. 

Bondada Engineering Ltd has a market capitalization of Rs 5,527.10 crore, the shares were trading at Rs 2,558.60 per share, which increased drastically by around 5 percent as compared to the previous closing price of Rs 2, 436.40 apiece 

Today, the shares of the firm have seen a bullish movement after Bondada Engineering Ltd received a new work order from Bharti Airtel Ltd worth Rs 2.05 crore to Supply of 6 Mtr Height GI pole Wt 60kg (Hot Dipped Galvanised) without Base. 

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Looking forward to the company’s financial performance, revenue soared 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 company has an order book of more than Rs 1,600 crore as of January 2024, which is currently in progress and slated for execution within the next 12 to 24 months. 

The stock has given a multi-bagger return of 536.63 percent in just six months and 1,610.07 percent in a year. If an investor invested Rs 1 lakh a year ago, it would now be worth Rs 17.10 lakh. 

In certain firms, the return on equity improved from 19.20 percent in FY21-22 to 26.79 percent in FY22-23. Similarly, the return on capital employed went from 18.84 percent to 22.61 percent. The net profit margin (NPM) is 4.92 percent in fiscal year 22-23. 

Bondada Engineering Ltd offers EPC and O&M services to its customers. We operate in the telecom and solar energy industries. The program covers infrastructure design and engineering, as well as operations and maintenance (O&M). 

Written by:- Abhishek Singh 


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