In a remarkable achievement, Avantel Ltd, a small-cap company known for its multibagger stock performance, has recently secured twin orders from prestigious clients – Cochin Shipyard and ISRO. These new contracts are set to further enhance the company’s order book and solidify its position in the aerospace and defense sectors.
Significant Contracts Boost Order Book
Avantel Ltd has successfully bagged a Purchase Order worth Rs 17.64 Crores from M/s. Cochin Shipyard Limited. This order, formalized on November 1, 2023, is for supplying 1 KW HF and SATCOM Equipment. Additionally, the company has received another Purchase Order valued at Rs 1.61 Crore from Satish Dhawan Space Centre – SHAR, ISRO. This contract, also confirmed on the same day, is for Automatic Test Equipment (ATE) dedicated to Radar Equipment.
Moreover, the company’s Order Books have been further enriched with a Supply Order for SATCOM Equipment, amounting to Rs 10.39 Crores, officially conveyed on October 6, 2023, from the Material Organisation in Mumbai.
About Avantel Ltd
Avantel Ltd specializes in wireless and satellite communication products, defense electronics, radar systems, and network management software applications. Their clientele primarily includes the aerospace and defense sectors. The company’s services range from SATCOM solutions for Indian railways to the development of radar subsystems and military communication software-controlled radios. They have also expanded into the medical sector with products like Skin Staplers and Oxygen Concentrators.
Impressive Financial Performance
Avantel’s stock has delivered a staggering 250 percent return in the past year. The company has shown a consistent Compounded Sales Growth of 14 percent and a Compounded Profit Growth of 17 percent over the past decade. Their Return on Equity (ROE) stands at an impressive 22 percent. Recently, the Board of Directors approved the issuance of bonus Shares in a 2:1 ratio, subject to shareholder and regulatory approvals.
As of November 1 at 3:55 PM IST, a notable stock has experienced a remarkable all-time increase of 19,580.12%, soaring from its price of 1.61 INR on January 25, 2001, to 316.85 INR. On this particular day, the stock opened at 315.00 INR and fluctuated between a high of 319.95 INR and a low of 312.35 INR. The company’s market capitalization stands at a substantial 2.57 trillion INR. It has a P/E (Price to Earnings) ratio of 63.60, indicating investor expectations of future growth. The dividend yield is currently at 0.063%. Over the past 52 weeks, the stock has hit a high of 343.30 INR and a low of 66.00 INR.
Important Information Table
|Major Orders||Cochin Shipyard (Rs 17.64 Cr), ISRO (Rs 1.61 Cr)|
|Business Areas||Wireless & Satellite Communication, Defense Electronics|
|Recent Expansion||Medical Sector Products|
|Financial Highlights||250% Stock Return, 14% Sales Growth, 17% Profit Growth|
|Bonus Shares||2:1 Ratio (Pending Approval)|
- What are the recent major orders secured by Avantel Ltd?
- Avantel Ltd has secured orders from Cochin Shipyard (Rs 17.64 Cr) and ISRO (Rs 1.61 Cr).
- What is Avantel Ltd’s area of expertise?
- Avantel specializes in wireless and satellite communication, defense electronics, and radar systems.
- How has Avantel Ltd performed financially?
- The company has seen a 250% return on its stock, with consistent growth in sales and profits over the past decade.
- What new sectors has Avantel Ltd ventured into?
- Avantel has expanded into the medical sector with products like Skin Staplers and Oxygen Concentrators.
- What is the status of the proposed bonus share issuance by Avantel Ltd?
- The issuance of bonus shares in a 2:1 ratio is pending approval from shareholders and regulatory bodies.