Bondada Engineering Ltd
Incorporated in 2012, Bondada Engineering Limited provides engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry.[1]
- Market Cap ₹ 4,317 Cr.
- Current Price ₹ 387
- High / Low ₹ 720 / 330
- Stock P/E 38.6
- Book Value ₹ 40.6
- Dividend Yield 0.03 %
- ROCE 40.4 %
- ROE 36.8 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 61.6% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.4%
Cons
- Stock is trading at 9.53 times its book value
- Promoter holding has decreased over last quarter: -0.92%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Telecommunication Telecommunication Telecom - Services Telecom - Infrastructure
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 224 | 229 | 287 | 334 | 371 | 801 | 1,571 | |
| 205 | 211 | 271 | 314 | 340 | 732 | 1,396 | |
| Operating Profit | 19 | 18 | 16 | 20 | 31 | 68 | 175 |
| OPM % | 9% | 8% | 6% | 6% | 8% | 9% | 11% |
| 0 | 0 | 1 | 0 | 0 | 3 | 8 | |
| Interest | 2 | 2 | 4 | 3 | 6 | 9 | 25 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 1 | 4 |
| Profit before tax | 16 | 14 | 12 | 15 | 24 | 62 | 155 |
| Tax % | 29% | 27% | 21% | 31% | 23% | 25% | 25% |
| 11 | 10 | 9 | 10 | 18 | 46 | 115 | |
| EPS in Rs | 27.71 | 24.76 | 22.46 | 24.73 | 2.25 | 4.14 | 10.17 |
| Dividend Payout % | -0% | -0% | -0% | 2% | 1% | 1% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 47% |
| 3 Years: | 68% |
| TTM: | 96% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 62% |
| 3 Years: | 123% |
| TTM: | 150% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -36% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | 35% |
| Last Year: | 37% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.82 | 0.82 | 0.82 | 0.82 | 16 | 22 | 22 |
| Reserves | 28 | 38 | 47 | 57 | 62 | 141 | 425 |
| 26 | 40 | 47 | 38 | 84 | 62 | 182 | |
| 52 | 60 | 76 | 62 | 89 | 280 | 566 | |
| Total Liabilities | 107 | 140 | 171 | 158 | 251 | 505 | 1,194 |
| 14 | 13 | 13 | 13 | 15 | 41 | 96 | |
| CWIP | -0 | -0 | -0 | 0 | -0 | 2 | 1 |
| Investments | -0 | -0 | -0 | 1 | 2 | 2 | 30 |
| 92 | 126 | 158 | 144 | 235 | 460 | 1,067 | |
| Total Assets | 107 | 140 | 171 | 158 | 251 | 505 | 1,194 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 4 | -18 | 3 | 11 | -32 | 54 | -167 | |
| -5 | -1 | -2 | -2 | -12 | -62 | -121 | |
| 6 | 12 | 3 | -12 | 45 | 11 | 278 | |
| Net Cash Flow | 5 | -6 | 4 | -3 | 0 | 3 | -10 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 74 | 125 | 108 | 86 | 126 | 94 | 125 |
| Inventory Days | 133 | 184 | 282 | 100 | 118 | 96 | 94 |
| Days Payable | 138 | 152 | 183 | 63 | 89 | 111 | 108 |
| Cash Conversion Cycle | 69 | 157 | 207 | 123 | 155 | 79 | 110 |
| Working Capital Days | 30 | 48 | 47 | 50 | 56 | 38 | 63 |
| ROCE % | 24% | 16% | 19% | 22% | 36% | 40% |
Documents
Announcements
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Intimation Of Receipt Of An Award.
17 Sep - Dr. Bondada Raghavendra Rao awarded One World One Family Global Leadership Award at World Culture Festival, Sept 17, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Sep - Of newspaper publications with respect to AGM notice.
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AGM Notice
6 Sep - Annual Report FY2024-25 and 13th AGM notice uploaded and sent electronically (Scrip 543971).
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Reg. 34 (1) Annual Report.
6 Sep - Annual Report 2024-25 and AGM notice uploaded, circulated to shareholders, available on company website.
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Corporate Action-Board approves Dividend
5 Sep - Final dividend ₹0.10/share (5%) for FY2024-25; Record Date Sept 22, 2025; subject to AGM approval.
Annual reports
Concalls
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May 2025Transcript PPT
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Mar 2025TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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Jan 2024TranscriptPPT
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Nov 2023TranscriptNotesPPT
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Oct 2023TranscriptNotesPPT
Business Segments[1]
a) Renewable Energy (58% of FY25 revenue)[2][3]
The company provides end-to-end solar EPC services, covering site surveys, land preparation, system design, installation, and performance monitoring. Its offerings include solar module mounting structures (MMS), battery energy storage systems (BESS), and large-scale solar power plants.