One of the infrastructure stocks has engaged in providing EPC services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industries. The stock has jumped 3.37 percent after receiving an order from Bihar Renewable Energy Development Agency Worth Rs. 109 crore
Stock Price Movement:
In Thursday’s trading session, Bondada Engineering Limited’s share jumped to an intraday high of 3.37 percent from the previous close of Rs. 588.95. The stock opened at Rs. 608.80 and is currently trading at Rs. 601.50 with a high of Rs. 608.80 and a low of Rs. 594.80.
The market capitalization now stands at approximately Rs. 6,496.82 crore. Over the past year, the stock has provided impressive returns of more than 632.12 percent.
What Happened:
Bondada Engineering Limited has received a significant work order from the Bihar Renewable Energy Development Agency under the Mukhyamantri Gramin Solar Street Light Yojana.
The order is valued at ₹108.90 crore and involves the design, supply, installation, testing, and commissioning of smart solar street light systems with a five-year comprehensive maintenance contract, including remote monitoring systems.
The domestic project will be executed on an EPC basis across Bihar within 18 months, marking a key milestone for the company in renewable energy solutions.
Orderbook
Bondada Group’s order book has shown impressive growth over the past year. The company’s closing order book stood at Rs. 1,364 crore in FY 2022-23, which then increased to Rs. 1,759 crore in FY 2023-24 and further expanded to a substantial Rs. 5,342 crore in FY 2024-25.
The order book’s rapid 3x growth in just six months is a testament to the strong demand for Bondada’s services across its key business segments of solar, telecom, and products.
Additionally, the company has Rs. 2,437 crore worth of tenders in the pipeline and has submitted bids worth Rs. 5,975 crore, indicating a robust pipeline of future opportunities.
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Clientele
Bondada Group has a diverse clientele spanning various industries, including telecommunications, renewable energy, construction, and manufacturing. Their client list
includes prominent names such as BSNL, Reliance Jio, Airtel, Indus Towers, and TATA, showcasing the company’s wide-ranging expertise and capabilities.
Recent quarter results and ratios:
Bondada Engineering Limited’s revenue has increased from Rs. 150 crore in Q2 FY24 to Rs. 524 crore in Q2 FY25, which has grown by 249.33 percent. The net profit of Bondada Engineering Limited has also grown by 157.14 percent, from Rs. 21 crore in Q2 FY24 to Rs. 54 crore in Q2 FY25.
Bondada Engineering Limited’s revenue and net profit have grown at a CAGR of 376.77 percent and 320.78 percent, respectively, over the last three years.
In terms of return ratios, the company’s ROCE and ROE should be 107 percent and 80.2 percent, respectively. The debt-to-equity ratio of the company is to be 0.10x, which shows the company is almost debt-free. Bondada Engineering Limited’s EPS is to be Rs. 19.1.
Company Overview:
Bondada Group is a diversified company engaged in providing engineering, procurement, and construction (EPC) as well as operations and maintenance (O&M) services in the telecom and solar energy industries.
The company has a proven track record of completing over 600 MW of projects and boasts a robust project pipeline of around 2 GW and an ambitious 10+ GW target by 2030. Bondada Group is well-positioned to capitalize on the growing opportunities in the telecom and renewable energy sectors.
Written By – Nikhil Naik
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