Defence company secures orders worth Rs 122.58 crore from NewSpace India Ltd

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Defence company secures orders worth Rs 122.58 crore from NewSpace India Ltd

The stock has given multibagger returns of 520 per cent in 3 years and a whopping 2,500 per cent in 5 years.

Avantel Limited has secured a purchase order valued at Rs.122.58 Crores (excluding Taxes) from NewSpace India Limited (NSIL) for the supply, installation and commissioning of S/X-band with Ka-band ready full motion antennas. As per the regulatory disclosure, this domestic contract includes specific financial safeguards, including a 2.50% security deposit and a 0.50% performance Bank guarantee. The project is slated for completion by August 2027, reflecting a long-term execution timeline that aligns with India's expanding satellite communication infrastructure requirements.

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 (Q3FY26), the company reported net sales of Rs 51.72 crore and net profit of Rs 2.74 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 is a small-cap company having a market cap of over Rs 4,000 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 has given multibagger returns of 520 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.