Synopsis:
The Panchayati Raj Department of the Government of Bihar has issued a Letter of Intent worth Rs.63.86 crore to M/s Bondada E&E Private Limited, a subsidiary of Bondada Engineering Limited, for implementing Phase-IV of the Mukhyamantri Gramin Solar Street Light Yojana across selected districts in Bihar.
The shares of a small-cap company engaged in providing EPC services, as well as Operations and Maintenance support for clients in the telecom and solar energy sectors, caught investors’ attention after winning a contract from the Panchayati Raj Department, Government of Bihar.
With the market capitalization of Rs.4,337.08 crores, the shares of Bondada Engineering Limited are trading at Rs.388.65, up by 1.15 percent from its previous day’s closing price of Rs.384.25 per equity share.
Contract
Bondada E&E Private Limited, a subsidiary of Bondada Engineering Limited, has secured a new project from the Bihar Government worth Rs.63.86 crores. The company is selected to carry fourth phase of the Mukhyammantri Gramin Solar street light yojana and involves installing 20,510 solar street lights in the districts of Bhojpur, Gopalganj, and Rohtas.
The company has been given 90 days to complete the work after receiving the official order. This initiative strengthens the company’s role in renewable energy and rural electrification and is expected to boost its order book and future revenues.
Also Read: Tata Chemicals and 3 other stocks leading India’s EV Battery and Green Energy Growth
About the Company
Bondada Engineering Limited is engaged in Engineering, Procurement, and Construction as well as Operations and Maintenance services for clients in the telecom and solar energy sectors. It provides passive telecom infrastructure services, including turnkey solutions for building, operating, and maintaining telecom towers, civil, electrical, and mechanical work in India.
The company’s order book as of 1st April,2025, was Rs.5,044 crore; it plans to bid for new projects worth Rs.25,000 crore. It has a historical success rate of winning 25 percent of its bids. The company expects to secure Rs.6,250–7,000 crore in new orders this year, bringing the total order book to around Rs.8,000 crore by March 2026.
The company’s revenue went up from Rs.505 crore in H2FY24 to Rs.1,091 crore in H2FY25. Net profit went up from Rs.31 crore to Rs.79 crore for the same period. Its return on equity is 36 percent, and return on capital employed is 40 percent. It has a P/E ratio of 38.77, compared to the industry average of 20.16.
Written by Jhanavi Sivakumar
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
