Rs 210 crore order book: Defence company receives order worth Rs 9,92,00,000 from Garden Reach Shipbuilders Ltd (GRSE)
DSIJ Intelligence-1 / 17 Sep 2025/ Categories: Multibaggers, Trending
The stock is up by 97.3 per cent from its 52-week low, giving multibagger returns of 885 per cent in 3 years and a whopping 2,500 per cent in 5 years.
Avantel Limited has secured a purchase order from Garden Reach Shipbuilders Limited for the supply of Satcom products. The contract is valued at Rs 9.92 crore, including taxes. As part of the terms, Avantel is required to provide a performance bank guarantee of 3%. The domestic order is for a manufacturing project and is scheduled to be executed between March 15, 2026, and June 15, 2026.
Earlier, the company received a purchase order worth Rs 9.88 crore (including taxes) from the Department of Atomic Energy. The domestic order is for the supply of goods. The company is required to submit a 3 per cent Performance Security Deposit Bank Guarantee and has until September 30, 2026, to execute the order.
About the Company
Established in 1990 by Vidyasagar Abburi, Avantel Limited is a prominent Indian technology company specialising in advanced communication and technology solutions for strategic sectors like defence and aerospace. Headquartered in Visakhapatnam with a corporate office in Hyderabad, Avantel is known for its high-quality and reliable products and services, including advanced communication systems, radar technology, and network management software. Holding AS 9100D and ISO 9001:2015 certifications, the company focuses on delivering innovative solutions in areas such as SATCOM, radar subsystems, SDRs and defence electronics, contributing significantly to India's technological self-reliance and national security.
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According to Quarterly Results (Q1FY26), the company reported net sales of Rs 51.91 crore and net profit of Rs 3.23 crore. In its annual results, the net sales increased by 11 per cent to Rs 249.13 crore and net profit increased by 7 per cent to Rs 56.45 crore in FY25 compared to FY24. The company has an order book of Rs 210 crore.
The company is a Small-Cap company having a market cap of over Rs 4,600 crore with a 5-year stock price CAGR of 110 per cent. The company's shares have an ROE of 28 per cent and an ROCE of 37 per cent. The stock is up by 97.3 per cent from its 52-week low, giving multibagger returns of 885 per cent in 3 years and a whopping 2,500 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.