Shares of a company providing engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry moved up by nearly 4 percent on BSE during Thursday’s trading session.
Price Movement
With a market cap of Rs. 3,849 crores, the shares of Bondada Engineering Limited hit an intraday high at Rs. 382, up by around 4 percent, compared to its previous closing price of Rs. 367.7.
The stock hit its 52-week high at Rs. 753.98 on 28th August 2024, and compared to its closing price of Rs. 356.35, the stock is trading at a discount of nearly 53 percent.
The stock has delivered multibagger returns of nearly 125 percent over a one-year period, while around 20 percent of negative returns in the last one month.
Management Guidance
Bondada Engineering Ltd. aims to achieve exponential growth by doubling its revenue and CAGR yearly over the next three years. This ambitious target is backed by a robust and diversified order book across multiple segments, as stated by the company’s Founder and Managing Director.
The robust order book, currently valued at Rs. 5,342 crores, is expected to play a crucial role in achieving this revenue growth and driving a sustained increase in the company’s compound annual growth rate (CAGR).
In December 2024, one of the company’s top executives stated that the order book is expected to reach around Rs. 8,500 crore to Rs. 9,000 crore by March 2025, following the reporting of the March 2025 financial results.
Also read: Solar stock hits upper circuit after receiving order worth over ₹300 Cr for solar power project
Order Book Overview
As of October 2024, Bondada Engineering’s total order book stands at Rs. 5,342 crores, with the EPC segment contributing Rs. 4,302 crores, the O&M segment accounting for Rs. 946 crores, and its subsidiary adding Rs. 93 crores.
In addition to its current projects, tenders worth Rs. 2,437 crores are under process, while tenders valued at Rs. 5,975 crores have already been submitted and are awaiting confirmation from respective clients.
The closing order book for FY23 stood at Rs. 1,364 crores, which increased to Rs. 1,759 crores in FY24. As of October 2024, Bondada Engineering’s order book has surged to Rs. 5,342 crores, with these projects expected to be executed over the next 18 to 24 months.
In just six months, the company has achieved a remarkable threefold growth, expanding its order book from Rs. 1,759 crores to Rs. 5,342 crores. This strong pipeline positions Bondada Engineering for sustained growth and solid performance in the coming years.
Financial Performance
Bondada Engineering experienced a significant growth in its revenue from operations, showing a year-on-year increase of around 62.5 percent from Rs. 295.7 crores in H1 FY24 to Rs. 480.6 crores in H1 FY25.
Similarly, its net profit increased during the same period from Rs. 14.8 crores to Rs. 36 crores, indicating an impressive rise of nearly 142 percent YoY.
EBITDA for H1 FY25 increased by about 160 percent YoY to Rs. 56.7 crores, up from Rs. 21.8 crores in H1 FY24, while the EBITDA margins grew to 11.7 percent, from 7.3 percent, over the same period.
About the Company
Incorporated in 2012, Bondada Engineering Limited is engaged in the business of providing engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry.
Written by Shivani Singh
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