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 ₹ 3,968 Cr.
- Current Price ₹ 355
- High / Low ₹ 510 / 215
- Stock P/E 19.5
- Book Value ₹ 62.2
- Dividend Yield 0.03 %
- ROCE 38.7 %
- ROE 35.7 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 89.4% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.0%
- Company's working capital requirements have reduced from 43.0 days to 28.9 days
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
Quarterly 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 224 | 229 | 287 | 334 | 371 | 801 | 1,571 | 2,843 | |
| 205 | 211 | 271 | 314 | 341 | 732 | 1,396 | 2,516 | |
| Operating Profit | 19 | 18 | 16 | 20 | 30 | 68 | 175 | 327 |
| OPM % | 9% | 8% | 6% | 6% | 8% | 9% | 11% | 11% |
| 0 | 0 | 1 | 0 | 0 | 3 | 8 | 8 | |
| Interest | 2 | 2 | 4 | 3 | 6 | 9 | 25 | 41 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 1 | 4 | 10 |
| Profit before tax | 16 | 14 | 12 | 15 | 23 | 62 | 155 | 285 |
| Tax % | 29% | 27% | 21% | 31% | 25% | 25% | 25% | 26% |
| 11 | 10 | 9 | 10 | 17 | 46 | 115 | 211 | |
| EPS in Rs | 27.71 | 24.76 | 22.46 | 24.73 | 2.11 | 4.14 | 10.17 | 18.23 |
| Dividend Payout % | 0% | 0% | 0% | 2% | 1% | 1% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 58% |
| 3 Years: | 97% |
| TTM: | 81% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 89% |
| 3 Years: | 130% |
| TTM: | 84% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 6% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 36% |
| 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.82 | 0.82 | 0.82 | 0.82 | 16 | 22 | 22 | 22 |
| Reserves | 28 | 38 | 47 | 57 | 62 | 141 | 425 | 672 |
| 26 | 40 | 47 | 38 | 84 | 73 | 182 | 292 | |
| 52 | 60 | 76 | 62 | 89 | 270 | 566 | 1,055 | |
| Total Liabilities | 107 | 140 | 171 | 158 | 251 | 505 | 1,194 | 2,042 |
| 14 | 13 | 13 | 13 | 15 | 41 | 94 | 155 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 14 |
| Investments | 0 | 0 | 0 | 1 | 2 | 2 | 30 | 9 |
| 92 | 126 | 158 | 144 | 235 | 460 | 1,067 | 1,863 | |
| Total Assets | 107 | 140 | 171 | 158 | 251 | 505 | 1,194 | 2,042 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 4 | -18 | 3 | 11 | -32 | 44 | -158 | 125 | |
| -5 | -1 | -2 | -2 | -12 | -52 | -121 | -63 | |
| 6 | 12 | 3 | -12 | 45 | 21 | 269 | 90 | |
| Net Cash Flow | 5 | -6 | 4 | -3 | 0 | 13 | -10 | 152 |
| Free Cash Flow | -1 | -19 | 1 | 9 | -36 | 16 | -193 | 84 |
| CFO/OP | 21% | -95% | 52% | 71% | -95% | 78% | -72% | 45% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 74 | 125 | 108 | 86 | 126 | 94 | 125 | 102 |
| Inventory Days | 133 | 184 | 282 | 100 | 118 | 96 | 94 | 134 |
| Days Payable | 138 | 152 | 183 | 63 | 89 | 104 | 108 | 97 |
| Cash Conversion Cycle | 69 | 157 | 207 | 123 | 155 | 86 | 110 | 138 |
| Working Capital Days | 30 | 48 | 47 | 50 | 52 | 38 | 63 | 29 |
| ROCE % | 24% | 16% | 19% | 21% | 35% | 40% | 39% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Order Book INR Million |
|
||
| Total Employees Numbers |
|||
| Cumulative Telecom Towers Deployed Units |
|||
| Telecom Towers Under O&M Units |
|||
| Tower Fabrication Capacity MTPA ・Standalone data |
|||
| Managed Optical Fiber KM |
|||
| Solar Performance Portfolio (Commissioned) GW |
|||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1d - Received ₹816 crore NTPC Green order for 600 MW solar BOS works and 3-year O&M.
-
Rumour verification - Regulation 30(11)
1d - Clarifies no new event; reiterates 2000 MW AC/2600 MWp AP solar project allocation disclosure.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
6 May - Transcript with respect to the investor/analyst call held on 28th April, 2026.
-
Clarification sought from Bondada Engineering Ltd
6 May - Exchange has sought clarification from Bondada Engineering Ltd on May 6, 2026, with reference to news appeared in https://www.business-standard.com dated May 5, 2026, quoting "Bondada …
-
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Bondada Engineering says it is not a Large Corporate; outstanding borrowings were Rs. 231.457 crore as of March 31, 2026.
Annual reports
Concalls
-
May 2026Transcript PPT REC
-
Mar 2026TranscriptAI SummaryPPT
-
Jan 2026TranscriptAI SummaryPPT
-
Nov 2025Transcript PPT REC
-
Oct 2025TranscriptAI SummaryPPT
-
May 2025Transcript PPT
-
Mar 2025TranscriptAI SummaryPPT
-
Nov 2024TranscriptAI SummaryPPT
-
Aug 2024TranscriptAI SummaryPPT
-
May 2024TranscriptAI SummaryPPT
-
Jan 2024TranscriptPPT
-
Nov 2023TranscriptAI SummaryPPT
-
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.