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 ₹ 3,636 Cr.
- Current Price ₹ 326
- High / Low ₹ 530 / 295
- Stock P/E 21.9
- Book Value ₹ 51.8
- Dividend Yield 0.03 %
- ROCE 39.5 %
- ROE 36.2 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 61.2% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 35.1%
Cons
* 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 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 224 | 229 | 287 | 334 | 371 | 801 | 1,571 | 2,307 | |
| 205 | 211 | 271 | 314 | 340 | 732 | 1,396 | 2,043 | |
| Operating Profit | 19 | 18 | 16 | 20 | 31 | 68 | 175 | 264 |
| OPM % | 9% | 8% | 6% | 6% | 8% | 9% | 11% | 11% |
| 0 | 0 | 1 | 0 | 0 | 3 | 8 | 9 | |
| Interest | 2 | 2 | 4 | 3 | 6 | 9 | 25 | 36 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 1 | 4 | 7 |
| Profit before tax | 16 | 14 | 12 | 15 | 24 | 62 | 155 | 230 |
| Tax % | 29% | 27% | 21% | 31% | 23% | 25% | 25% | |
| 11 | 10 | 9 | 10 | 18 | 46 | 115 | 172 | |
| EPS in Rs | 27.71 | 24.76 | 22.46 | 24.73 | 2.25 | 4.14 | 10.17 | 14.99 |
| Dividend Payout % | 0% | 0% | 0% | 2% | 1% | 1% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 47% |
| 3 Years: | 68% |
| TTM: | 134% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 61% |
| 3 Years: | 122% |
| TTM: | 151% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -34% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 35% |
| Last Year: | 36% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.82 | 0.82 | 0.82 | 0.82 | 16 | 22 | 22 | 22 |
| Reserves | 28 | 38 | 47 | 57 | 62 | 141 | 425 | 555 |
| 26 | 40 | 47 | 38 | 84 | 73 | 182 | 234 | |
| 52 | 60 | 76 | 62 | 89 | 270 | 566 | 678 | |
| Total Liabilities | 107 | 140 | 171 | 158 | 251 | 505 | 1,194 | 1,489 |
| 14 | 13 | 13 | 13 | 15 | 41 | 94 | 138 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 1 |
| Investments | 0 | 0 | 0 | 1 | 2 | 2 | 30 | 10 |
| 92 | 126 | 158 | 144 | 235 | 460 | 1,067 | 1,341 | |
| Total Assets | 107 | 140 | 171 | 158 | 251 | 505 | 1,194 | 1,489 |
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 | 44 | -158 | |
| -5 | -1 | -2 | -2 | -12 | -52 | -121 | |
| 6 | 12 | 3 | -12 | 45 | 21 | 269 | |
| Net Cash Flow | 5 | -6 | 4 | -3 | 0 | 13 | -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 | 104 | 108 |
| Cash Conversion Cycle | 69 | 157 | 207 | 123 | 155 | 86 | 110 |
| Working Capital Days | 30 | 48 | 47 | 50 | 56 | 38 | 63 |
| ROCE % | 24% | 16% | 19% | 22% | 35% | 40% |
Documents
Announcements
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Board Meeting Intimation for To Consider, Approve And Take On Record, The Unaudited Financial Results Of The Company Along With Auditor'S Limited Review Report For The Quarter Ended 31St December, 2025.
21 Jan - Board meeting on 27 Jan 2026 to approve Q3 FY26 unaudited results; trading window closed 1–29 Jan 2026.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
15 Jan - Compliance under Regulation 74(5) of SEBI (DP) Regulation, for the quarter ended 31st December, 2025.
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Announcement Under Regulation 30 Of SEBI (LODR) - For Successful Commissioning Of 120.46 Mwp Solar Projects.
6 Jan - Commissioned 120.46 MWp solar projects in Dec 2025 for Paradigm IT, MAHAGENCO, NLC across Maharashtra and Neyveli.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
5 Jan - LOA: Rs.627 crore from APTRANSCO for 225MW/450MWh BESS; 18-month execution.
- Closure of Trading Window 29 Dec
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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Oct 2025TranscriptAI SummaryPPT
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May 2025Transcript PPT
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Mar 2025TranscriptAI SummaryPPT
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Nov 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Jan 2024TranscriptPPT
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Nov 2023TranscriptAI SummaryPPT
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Oct 2023TranscriptAI SummaryPPT
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.