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 ₹ 3,116 Cr.
- Current Price ₹ 279
- High / Low ₹ 474 / 215
- Stock P/E 14.3
- Book Value ₹ 62.2
- Dividend Yield 0.10 %
- ROCE 39.4 %
- 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 35.7%
- Company's working capital requirements have reduced from 41.7 days to 28.5 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 224 | 229 | 287 | 334 | 371 | 801 | 1,571 | 2,843 | 2,977 | |
| 205 | 211 | 271 | 314 | 340 | 732 | 1,396 | 2,508 | 2,639 | |
| Operating Profit | 19 | 18 | 16 | 20 | 31 | 68 | 175 | 335 | 337 |
| OPM % | 9% | 8% | 6% | 6% | 8% | 9% | 11% | 12% | 11% |
| 0 | 0 | 1 | 0 | 0 | 3 | 9 | 8 | 16 | |
| Interest | 2 | 2 | 4 | 3 | 6 | 9 | 25 | 49 | 43 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 1 | 7 | 10 | 11 |
| Profit before tax | 16 | 14 | 12 | 15 | 24 | 62 | 152 | 285 | 300 |
| Tax % | 29% | 27% | 21% | 31% | 23% | 25% | 26% | 26% | |
| 11 | 10 | 9 | 10 | 18 | 46 | 113 | 211 | 223 | |
| EPS in Rs | 1.46 | 1.30 | 1.18 | 1.30 | 2.25 | 4.14 | 9.97 | 18.23 | 19.55 |
| Dividend Payout % | 0% | 0% | 0% | 2% | 1% | 1% | 1% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 58% |
| 3 Years: | 97% |
| TTM: | 81% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 89% |
| 3 Years: | 125% |
| TTM: | 90% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 70% |
| 1 Year: | -38% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 34% |
| 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 | 424 | 672 |
| 26 | 40 | 47 | 38 | 84 | 73 | 192 | 292 | |
| 52 | 60 | 76 | 62 | 89 | 270 | 561 | 1,055 | |
| Total Liabilities | 107 | 140 | 171 | 158 | 251 | 505 | 1,199 | 2,041 |
| 14 | 13 | 13 | 13 | 15 | 41 | 125 | 154 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 16 |
| Investments | 0 | 0 | 0 | 1 | 2 | 2 | 10 | 9 |
| 92 | 126 | 158 | 144 | 235 | 460 | 1,061 | 1,862 | |
| Total Assets | 107 | 140 | 171 | 158 | 251 | 505 | 1,199 | 2,041 |
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 | -141 | 125 | |
| -5 | -1 | -2 | -2 | -12 | -52 | -105 | -63 | |
| 6 | 12 | 3 | -12 | 45 | 21 | 246 | 90 | |
| Net Cash Flow | 5 | -6 | 4 | -3 | 0 | 13 | 1 | 152 |
| Free Cash Flow | -1 | -19 | 1 | 9 | -36 | 16 | -169 | 84 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 21% | -95% | 52% | 71% | -92% | 78% | -59% | 44% |
Ratios
Consolidated / 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 | 124 | 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 | 56 | 38 | 59 | 29 |
| ROCE % | 24% | 16% | 19% | 22% | 35% | 39% | 39% |
Insights
In beta| Mar 2023 | Jul 2024 | Mar 2026 | |
|---|---|---|---|
| Cumulative Solar EPC Capacity Commissioned MWp |
|
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| Total Order Book INR Mn |
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| BSNL Telecom Towers Installed Nos. |
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| Solar Energy Revenue Share % |
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| BESS Under Execution MWh |
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| Solar Projects Under Execution MWp |
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Extracted by Screener AI
Documents
Announcements
- Intimation Of Receipt Of Listing Approval From BSE Limited For Migration From SME Platform Of BSE Limited To Main Board Of BSE Limited
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Intimation Of Receipt Of Listing Approval With Respect To Migration From SME Platform Of BSE Limited ('BSE SME') To Capital Market Segment (Main Board) Of National Stock Exchange Of India Limited Of The Equity Shares Of Bondada Engineering Limited (The 'Company')
- Bondada Engineering received NSE listing approval on October 27, 2026 for migration from BSE SME to Main Board.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
- Bondada wins GIPCL LOI for 20MW/120MWh VRFB BESS EPC with 10 years O&M, completing in 18 months.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Disclosure under Regulation 74(5) of SEBI DP Regulations for the quarter ended 30th September 2026
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Intimation Of Receipt Of In Principle Approval From NSE For Migration From BSE SME Platform To NSE Main Board.
- Received in-principle approval to migrate from BSE SME to NSE Main Board.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
Concalls
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May 2026Transcript PPT REC
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Mar 2026PPT
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Jan 2026PPT
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Nov 2025Transcript PPT REC
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Oct 2025PPT
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May 2025Transcript PPT
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Mar 2025PPT
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Nov 2024PPT
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Aug 2024PPT
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May 2024PPT
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Jan 2024Transcript
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Nov 2023PPT
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Oct 2023PPT
Business Segments[1][2]
a) Renewable Energy(~79% of FY26 Revenue): Provides solar IPP and EPC services including site development, installation, electrical works, maintenance and performance monitoring.