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Bondada Engineering

BONDADAENGINEERINGLTD NSE

Key Fundamentals

SMEEquipment & AccessoriesTelecom
Market Cap
₹3,184 Cr
Volatility
Moderate
P/E Ratio
14.5
EBITDA
₹335 Cr
Return on Equity
28.82%
Debt to Equity
0.42
Book Value
₹62.15
EPS
₹20.71
52W High
₹503
52W Low
₹215

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

3
  • 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

Growth Rate

Revenue Growth
80.44% lower than 3Y
Net Income Growth
86.48% lower than 3Y
Cash Flow Change
188% higher than 3Y
ROE
21.25% lower than 3Y
ROCE
23.26% higher than 3Y
EBITDA Margin (Avg.)
3.16% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk high

Bondada Engineering Ltd is a telecom infrastructure and renewable energy company with a market cap of approximately ₹3,613 crore, trading at a PE of 17x. The company has delivered 89% CAGR profit growth over 5 years with FY26 PAT jumping 86% YoY to ₹211 crore, while the stock has declined 26% over the past year despite strong operational performance.

Bull Case 8
  • Exceptional profit growth of 89.4% CAGR over the last 5 years, with FY26 PAT rising 86% YoY to ₹211 crore from ₹113 crore in FY25
  • Strong return on equity track record of 36% over the last 3 years, indicating efficient capital deployment
  • TTM revenue growth of 81% and 3-year compounded sales CAGR of 97%, showing rapid business scaling
  • Working capital efficiency improved with requirements reducing from 43.0 days to 28.9 days, freeing up cash for operations
  • PE ratio of 17x is relatively modest given the high growth trajectory of 84% TTM profit growth
  • Promoter holding at approximately 61.57% with promoter Bondada Raghavendra Rao actively increasing stake through open market purchases in March 2025
  • Q4 FY26 revenue at ₹712 crore showing 89.41% YoY growth and 8.11% QoQ sequential improvement, indicating sustained momentum
  • Diversification into renewable energy with a 100 MW solar-wind hybrid project worth ₹204.2 crore commissioned by Andhra Pradesh government, providing a 12-year revenue visibility
Bear Case 8
  • Stock has declined 26% over the past 1 year despite strong fundamentals, suggesting market concerns about sustainability or valuation overshoot in prior periods
  • Net profit margin of only 6.46% in Q4 FY25 indicates a thin-margin business model vulnerable to cost pressures
  • Price-to-book ratio of 5.17x is elevated for an engineering services company, pricing in significant future growth
  • Negligible dividend yield of 0.03% means shareholders are entirely dependent on capital appreciation for returns
  • Limited institutional ownership with only 0.95% foreign institutional holding suggests lack of institutional confidence or research coverage
  • Company listed relatively recently with no 10-year track record available for sales, profit, or stock CAGR, making long-term consistency unverifiable
  • High dependence on telecom capex cycles and government renewable energy contracts creates revenue concentration risk in policy-sensitive sectors
  • Rapid revenue scaling from ₹287 crore in FY21 to over ₹1,400 crore in FY24 raises execution risk questions around quality control and working capital management at scale

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Positives 2
  • FY26 profit surges 86.5% Jun 19

    Consolidated net profit rose 86.5% to ₹2,110.79 crore for FY26, while revenue from operations surged 81% to ₹28,428.05 crore.

  • ₹1338 Cr NTPC solar order Jun 16

    Secured a ₹1,338 crore order from NTPC Renewable Energy for a 250 MW solar project with battery energy storage in Uttar Pradesh.

TL;DR: Bondada Engineering is delivering strong top-line and bottom-line growth with FY26 profit up 86.5% and revenue up 81%. The company is also expanding its renewable energy order book with a significant NTPC solar-plus-BESS win. No visible headwinds in recent news flow. The trend is firmly positive, though sustaining this growth rate and executing on large orders will be key to watch going forward.

Quarterly Results

Particulars Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
376
714
558
659
712
914
692
Expenses
338
633
493
581
627
818
614
Operating Profit
38
82
65
78
85
96
78
OPM %
10%
11%
12%
12%
12%
11%
11%
Other Income
3
3
2
2
5
2
7
Interest
7
8
8
10
14
9
10
Depreciation
2
2
2
3
2
3
3
PBT
33
74
57
67
73
87
73
Tax %
25%
25%
27%
22%
26%
28%
26%
Net Profit
25
56
42
52
54
63
54
EPS in Rs
2.25
4.83
3.43
4.75
4.76
5.3
4.74
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
224
229
287
334
371
801
1,571
2,843
2,977
Expenses
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%
Other Income
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
PBT
16
14
12
15
24
62
152
285
300
Tax %
29%
27%
21%
31%
23%
25%
26%
26%
—
Net Profit
11
10
9
10
18
46
113
211
223
EPS in Rs
27.71
24.76
22.46
24.73
2.25
4.14
9.97
18.23
19.55
Div. Payout %
0%
0%
0%
2%
1%
1%
1%
2%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.82
0.82
0.82
0.82
16
22
22
22
Reserves
28
38
47
57
62
141
424
672
Borrowings
26
40
47
38
84
73
192
292
Other Liabilities
52
60
76
62
89
270
561
1,055
Total Liabilities
107
140
171
158
251
505
1,199
2,041
Fixed Assets
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
Other Assets
92
126
158
144
235
460
1,061
1,862
Total Assets
107
140
171
158
251
505
1,199
2,041
Figures in ₹ Crores

Cash Flow

Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
4
-18
3
11
-32
44
-141
125
Investing
-5
-1
-2
-2
-12
-52
-105
-63
Financing
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/OP
21
-95
52
71
-92
78
-59
44
Figures in ₹ Crores

Ratios

Particulars Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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49 extracted metrics + investor summaries across FY13–FY26.

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Shareholding Pattern

DIIs0.12%Promot.61.52%FIIs0.53%Others7.39%Public30.43%As ofJun 2026

Documents

Frequently Asked Questions about Bondada Engineering

What does Bondada Engineering Ltd do?
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]
Where is Bondada Engineering Ltd (543971) listed?
Bondada Engineering Ltd trades as BONDADAENGINEERINGLTD on the NSE and under code BONDADA on the BSE.
Which sector does Bondada Engineering Ltd belong to?
Bondada Engineering Ltd is classified under the Telecom sector, in the Equipment & Accessories industry.
What is the market capitalisation of Bondada Engineering Ltd?
Bondada Engineering Ltd has a market capitalisation of ₹3,184 Cr, which places it in the Small Cap band.
What is the PE ratio of Bondada Engineering Ltd?
Bondada Engineering Ltd trades at a PE ratio of 14.50, on earnings per share of ₹20.71, against a book value of ₹62.15 per share.
What is the 52-week high and low of Bondada Engineering Ltd?
Over the last 52 weeks Bondada Engineering Ltd has traded between ₹215 and ₹503.
Does Bondada Engineering Ltd pay dividends?
Bondada Engineering Ltd has a dividend yield of 0.10%.
What is the Return on Equity (ROE) of Bondada Engineering Ltd?
Bondada Engineering Ltd reported a return on equity of 28.82%. Its debt-to-equity ratio is 0.42.

Company Information

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]

Website bondada.net
Listed 2023-08-30
Face Value ₹ 2

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