Synopsis:
Bondada Green Engineering Private Limited, a subsidiary of Bondada Engineering Limited, has won a letter of intent worth Rs.13.74 crores from M/s. Vishwanath Projects Limited, OM Associates, Max Infra Pvt Ltd, and JMR Clean Energy Private Limited for solar projects.
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 receiving a letter of intent worth Rs.13.74 Crores.
With a market capitalization of Rs.4,463.74 Crores, the shares of Bondada Engineering Limited were trading at Rs.400, up by 3.11 percent from its previous day closing price of Rs.387.95.
Order
Bondada Green Engineering Private Limited, a subsidiary of Bondada Engineering Limited, has won a Letter of Intent worth Rs.13.74 crore. The contracts were awarded by Vishwanath Projects Limited, OM Associates, Max Infra (I) Pvt Limited, and JMR Clean Energy Private Limited for solar energy projects.
The project includes manufacturing and supplying structural components like Column Posts, Purlins, Rafters, Bracing, and high-voltage equipment (MMS HDG, 400KV, and 200KV) for bay extensions, and following MAHANGENCO standards.
The project is expected to be executed within 2–3 weeks after obtaining the necessary approvals. This contract strengthens the company’s role in India’s renewable energy sector.
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About the company
Bondada Engineering Limited provides engineering, procurement, and construction as well as O&M services for clients in the telecom and solar energy sectors. The company offers passive telecom infrastructure services, delivering end-to-end solutions for the construction, operation, and maintenance of telecom towers, including civil, electrical, and mechanical work across India.
As of 1st April 2025, the company’s order book stood at Rs.5,044 crore, and it plans to bid for new projects totaling Rs.25,000 crore. With a historical win rate of 25 percent, the company anticipates securing Rs.6,250–7,000 crore in new orders this year, which would increase the total order book to 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 40.05, compared to the industry average of 17.54.
Written by Jhanavi Sivakumar
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