On Thursday’s trading session, the shares of a company operating in telecom, solar energy, and infrastructure, surged by 1.06 percent on BSE to Rs. 2,799, after the company received orders from two different entities for a total of nearly Rs. 64.2 crore.
With a market capitalisation of Rs. 5,940.6 crore, the shares of Bondada Engineering Limited have delivered multibagger returns of 1,735.6 percent over the past one year, as well as 558 percent returns year-to-date.
What’s the News:
According to the 18th July regulatory filings with the BSE, Bondada Engineering received work orders from two different entities for a total of nearly Rs. 64.2 crore.
The first order worth Rs. 5.24 crore was from Pace Digitek Infra Private Limited for the supply of 40 meter Ground Based Towers 200 KMPH to Assam.
The second order worth Rs. 59 crore was from KPI Green Energy Limited to supply BOS Items & Services for EPC works across two locations in Gujrat.
Previous News:
On 15th July, the Board of Bondada Engineering approved the proposal of the sub-division/stock split in a 1:5 ratio, such that 1 equity share having a face value of Rs. 10 each, will be sub-divided into 5 equity shares having a face value of Rs. 2 each, subject to shareholder’s approval.
Financials:
Financially, the company experienced significant growth in its revenue from operations, showing a year-on-year rise of around 116 percent from Rs. 371 crore in FY22-23 to Rs. 801 crore in FY23-24.
Similarly, its net profit increased during the same period from Rs. 18 crore to Rs. 46.3 crore, indicating a growth of 157.2 percent YoY.
Further, on a year-on-year basis, the Earnings Before Interest, Taxes, Depreciation, and Amortisation, or EBITDA increased from Rs. 30.2 crore in FY22-23 to Rs. 71.5 crore in FY23-24, representing a growth of 137 percent.
Bondada has delivered revenue from Rs. 7 crore in FY12-13 to Rs. 800 crore in FY23-24 revenue with a Compound Annual Growth Rate (CAGR) is 53 percent.
As of March 2024, the closing order book stood at Rs. 1,747 crore, while the orders in pipeline stood at Rs. 1,260 crore.
About the Company:
Incorporated in 2012, Bondada Engineering Limited engaged in the business of providing Engineering, Procurement and Construction (EPC) and Operations and Maintenance (O&M) services to customers operating in the telecom and solar energy industries.
The company provides passive telecom infrastructure services including turnkey services for cell site construction, erection, O&M of telecom towers with civil, electrical, and mechanical works; supply of poles and towers, laying and maintenance of optical fibre cables, supply of power equipment and other related services.
Written by Shivani Singh
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