Order book investing focuses on identifying stocks with robust, growing order books, indicating a strong revenue pipeline. Order book data is very important information for finding multibagger stocks and it also gives us ideas about the future revenue and profit of the company. While analyzing, extra care should be taken to assess the credibility of the clients or institutions awarding these contracts, as this can provide valuable insights into the company’s reliability and growth prospects. This combination of a strong order book and credible clients could turn these microcap stocks into future game-changers.
Here’s a look at 10 stocks which have an order book equal to several times of their revenue. Some of these stocks have a good record in executing them and which resulted in their stock price appreciation that could be game changers.
Top 10 Companies with a Strong Order Book:
1. Bondada Engineering:
Bondada Engineering operates in the EPC (Engineering, Procurement, and Construction) space, focusing on telecom infrastructure, renewable energy, and power transmission projects. Its current order book is robust and some of big ticket size order are following, an INR 1,132 Cr Order from Maharashtra State Power Generation Co. Ltd. Its order book is 5342 Cr, which is 5.4 times its TTM sales.
Over the past year, its stock has delivered an astounding 1700% return, turning ₹3 lakh into ₹50 lakh for early investors. This performance is driven by its strong financials, operational efficiency, and market expansion. Bondada’s growth outlook remains promising, supported by its diversified project portfolio and rising infrastructure spending in India.
2. Oriana Energy:
Oriana Power operates in the renewable energy sector, specializing in solar EPC (Engineering, Procurement, and Construction) and solar power solutions. The company’s current order book is 2500 Crore , driven by rising demand for solar installations across industrial and commercial sectors. Its ability to deliver cost-effective and efficient solar projects has positioned it as a key player in India’s green energy transition.
Oriana’s stock has seen remarkable growth, delivering over 500% returns in the past year, reflecting investor confidence in its business model. The company’s focus on innovation and rapid project execution has contributed to its expanding market share. With increasing government incentives for renewable energy, Oriana is poised for sustained growth.
3. Zen Technologies:
Zen Technologies is a leading provider of defence training solutions, specializing in simulators and live training systems for armed forces and law enforcement agencies. Company’s current order book is 957 Cr, 1.3 times its TTM sales. Its order book is robust, featuring domestic and international contracts, including large government deals under the Make in India initiative. The company’s strong focus on R&D ensures a cutting-edge product portfolio, keeping it ahead in a competitive defence market.
Over the past year, Zen’s stock has delivered impressive returns, gaining over 300%, fuelled by rising defence budgets and successful contract executions. Its scalable business model and expanding global presence position it for sustained growth. As defence modernization continues, Zen is poised to capitalize on increasing demand for training solutions.
4. Genus Power Infrastructure Ltd:
Genus Power Infrastructure is a market leader in smart metering solutions and power distribution management. The company’s strong order book is driven by government initiatives like the Smart Meter National Programme (SMNP), aimed at improving energy efficiency and reducing distribution losses. Company’s current orderbook is 31,776 Cr, 20.1 times its TTM sales. Its innovative products, including advanced metering infrastructure (AMI) and prepayment meters, have garnered significant demand.
Over the past year, Genus Power’s stock has delivered over 200% returns, reflecting its robust financial performance and growth potential. The company’s ability to secure large contracts and execute them efficiently has strengthened investor confidence. With ongoing power sector reforms, Genus is well-positioned for long-term growth.
5. Chavda Infra Ltd.:
Chavda Infra Ltd. operates as a key player in the construction and real estate development sector, specializing in residential, commercial, and industrial projects. The company boasts a solid order book, with projects spanning urban infrastructure and private real estate ventures. Company’s current orderbook is 1093 Cr, which is 4.5 times its last year sales. Known for its timely execution and quality standards, Chavda Infra has built a strong reputation in Gujarat and neighboring states.
Over the past year, its stock has surged over 150%, reflecting strong financial performance and increased investor interest. The company’s strategic expansion into high-growth regions and segments underpins its growth potential. As infrastructure demand rises, Chavda Infra is positioned for sustained success.
6. Garden Reach Shipbuilders & Engineers Ltd. (GRSE):
Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is a leading public sector undertaking in India, specializing in the construction of naval vessels, including warships, patrol boats, and fleet tankers. The company’s robust order book is bolstered by large defence contracts, primarily from the Indian Navy and Coast Guard, ensuring long-term revenue visibility. The company’s current orderbook is 25,231 Cr, which is 6.6 times its TTM sales. GRSE is also expanding into exports, targeting international markets with its high-quality shipbuilding capabilities.
Over the past year, the stock has delivered over 100% returns, driven by its strong financials and strategic wins. With increased government focus on indigenization and defence modernization, GRSE is poised for continued growth. Its consistent dividend payouts further enhance investor confidence.
7. Ceinsys Tech Ltd.:
Ceinsys Tech Ltd. operates in the geospatial, engineering, and IT solutions space, providing services such as GIS (Geographic Information System), infrastructure design, and smart city solutions. The company’s growing order book reflects its strong presence in government and enterprise projects, particularly in sectors like urban planning, utilities, and transportation. Ceinsys leverages cutting-edge technology to deliver innovative solutions, driving efficiency and sustainability.
Over the past year, its stock has gained significant traction, delivering over 150% returns, driven by strong financial performance and new contract wins. The company’s strategic focus on high-growth areas positions it for sustained expansion. As there is significant push from the Government for digital India, Ceinsys remains a key player in its niche.
8. Garden Reach Shipbuilders & Engineers Ltd. (GRSE):
Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is a leading public sector undertaking in India, specializing in the construction of naval vessels, including warships, patrol boats, and fleet tankers. The company’s robust order book is bolstered by large defence contracts, primarily from the Indian Navy and Coast Guard, ensuring long-term revenue visibility. GRSE current orderbook is 6.6 times of its annual sales. GRSE is also expanding into exports, targeting international markets with its high-quality shipbuilding capabilities.
Over the past year, the stock has delivered over 100% returns, driven by its strong financials and strategic wins. With increased government focus on indigenization and defence modernization, GRSE is poised for continued growth. Its consistent dividend payouts further enhance investor confidence.
9. ITD Cementation India Ltd.:
ITD Cementation India Ltd. is a leading construction and engineering company specializing in marine structures, urban infrastructure, highways, and industrial projects. The company’s current order book is 2.1 times of its last 12 months sales. Its robust order book includes high-value contracts in ports, metros, and airport development, reflecting strong demand in the infrastructure sector. The company is known for its technical expertise and timely project execution, making it a preferred partner for complex civil engineering projects.
Over the past year, ITD Cementation’s stock has delivered impressive returns, gaining over 120%, driven by steady order inflow and revenue growth. Its focus on expanding into new sectors like water and urban mobility underpins its growth strategy. As infrastructure spending in India continues to rise, the company is well-positioned for sustained growth.
10. Vishnu Prakash R Punglia Ltd.:
Vishnu Prakash R Punglia Ltd. is a prominent EPC (Engineering, Procurement, and Construction) company specializing in water supply projects, irrigation, and road construction. The company’s current order book is 3.4 times of its annual sales. Its strong order book is driven by large-scale government contracts under schemes like Jal Jeevan Mission, ensuring long-term revenue visibility. The company’s expertise in executing water infrastructure projects has positioned it as a leader in this niche sector.
Since its recent IPO, the stock has shown strong performance, delivering over 50% returns, reflecting investor confidence and robust fundamentals. With an increasing focus on infrastructure development in India, the company is poised for sustained growth. Its strategic execution and expansion plans are expected to drive future profitability.
Having order book information about the companies can be very helpful in investing. At Sovrenn Discovery you can find the order book information for each company. Stock Buckets available at Sovrenn with revenue guidance, capacity expansion and preferential issuance can help you make good investment decisions. These buckets are on Sovrenn Discovery section
- Capacity Expansion: Companies which are undergoing the capex provide a future revenue growth.
- Revenue Guidance: Companies whose management has provided the revenue guidance for the future is available.
- Preferential Issuance: Companies which recently did fund raise for their business expansion are available.