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 21.5
- Book Value ₹ 54.6
- Dividend Yield 0.03 %
- ROCE 41.0 %
- ROE 37.1 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 82.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.7%
- Company's working capital requirements have reduced from 35.6 days to 22.2 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 224 | 229 | 287 | 300 | 331 | 741 | 1,408 | 2,635 | |
| 205 | 211 | 273 | 280 | 306 | 682 | 1,253 | 2,354 | |
| Operating Profit | 19 | 18 | 14 | 20 | 24 | 59 | 154 | 281 |
| OPM % | 9% | 8% | 5% | 7% | 7% | 8% | 11% | 11% |
| 0 | 0 | 6 | 0 | 2 | 4 | 10 | 11 | |
| Interest | 2 | 2 | 4 | 3 | 6 | 9 | 24 | 38 |
| Depreciation | 2 | 2 | 2 | 1 | 1 | 0 | 2 | 5 |
| Profit before tax | 16 | 14 | 14 | 16 | 20 | 54 | 139 | 249 |
| Tax % | 29% | 27% | 17% | 27% | 24% | 25% | 26% | 26% |
| 11 | 10 | 12 | 12 | 15 | 41 | 103 | 184 | |
| EPS in Rs | 27.78 | 24.98 | 29.27 | 28.22 | 1.94 | 3.76 | 9.37 | 16.51 |
| Dividend Payout % | 0% | 0% | 0% | 1% | 1% | 1% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 56% |
| 3 Years: | 100% |
| TTM: | 87% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 83% |
| 3 Years: | 129% |
| TTM: | 84% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 6% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 35% |
| 3 Years: | 37% |
| Last Year: | 37% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 48 | 58 | 61 | 135 | 363 | 586 |
| 26 | 40 | 47 | 37 | 81 | 71 | 165 | 240 | |
| 52 | 61 | 74 | 55 | 72 | 246 | 458 | 976 | |
| Total Liabilities | 107 | 140 | 169 | 150 | 230 | 474 | 1,008 | 1,825 |
| 14 | 13 | 5 | 5 | 8 | 30 | 54 | 82 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 | 2 | 8 |
| Investments | 0 | 0 | 0 | 10 | 8 | 9 | 44 | 44 |
| 93 | 127 | 164 | 135 | 214 | 432 | 908 | 1,691 | |
| Total Assets | 107 | 140 | 169 | 150 | 230 | 474 | 1,008 | 1,825 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 4 | -17 | -3 | 21 | -30 | 35 | -127 | 125 | |
| -5 | -1 | 4 | -11 | -11 | -59 | -50 | -21 | |
| 6 | 12 | 3 | -13 | 42 | 33 | 166 | 28 | |
| Net Cash Flow | 5 | -6 | 4 | -3 | 1 | 10 | -10 | 132 |
| Free Cash Flow | -1 | -19 | 4 | 19 | -33 | 10 | -150 | 116 |
| CFO/OP | 20% | -95% | -19% | 105% | -106% | 75% | -60% | 52% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 74 | 125 | 102 | 91 | 132 | 93 | 129 | 105 |
| Inventory Days | 133 | 166 | 213 | 97 | 110 | 94 | 71 | 116 |
| Days Payable | 140 | 138 | 142 | 63 | 90 | 107 | 96 | 99 |
| Cash Conversion Cycle | 67 | 153 | 173 | 125 | 151 | 80 | 104 | 122 |
| Working Capital Days | 29 | 48 | 54 | 45 | 52 | 31 | 54 | 22 |
| ROCE % | 24% | 14% | 20% | 20% | 33% | 41% | 41% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Order Book INR Million |
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| Total Employees Numbers |
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| Cumulative Telecom Towers Deployed Units |
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| Telecom Towers Under O&M Units |
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| Tower Fabrication Capacity MTPA |
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| Managed Optical Fiber KM |
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| Solar Performance Portfolio (Commissioned) GW |
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Extracted by Screener AI
Documents
Announcements
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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.
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Rumour verification - Regulation 30(11)
2d - Clarifies no new event; reiterates 2000 MW AC/2600 MWp AP solar project allocation disclosure.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
6 May - Transcript with respect to the investor/analyst call held on 28th April, 2026.
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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 …
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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
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May 2026Transcript PPT REC
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Mar 2026TranscriptAI SummaryPPT
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Jan 2026TranscriptAI SummaryPPT
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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.