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About
Bondada Engineering Ltd (543971)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543971 NSE: Telecom-Infrastructure | Small Cap | Bondada Engineering Share Price
₹268.60 -6.65 (-2.42%)
As on 16-Sep'26 16:59
Bondada Engineering Ltd (543971)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543971 NSE: Telecom-Infrastructure | Small Cap | Bondada Engineering Share Price
₹268.60 -6.65 (-2.42%)
As on 16-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹3,000 Cr.
Current Price
₹268.6
52-Week Low / High
₹215 / 503
TTM EPS
₹18.2
TTM Sales
₹2,843 Cr.
Book Value per Share
₹66.8
P/E Ratio
14.74
Lower than its 5-year historical median
Industry PE
20.3
Price to Book (P/B)
4.02
Lower than its 5-year historical median
Price to Sales (P/S)
1.06
Lower than its 5-year historical median
EV/EBITDA
8.78
Lower than its 5-year historical median
Dividend Yield
0.1%
Profitability Efficiency
Return on Equity (ROE)
37.75%
Outperforms industry median
Return on Capital Employed (ROCE)
41.81%
Outperforms industry median
Return on Assets (ROA)
13.05%
Operating Profit Margin
11.8%
Net Profit Margin
7.43%
Gross Profit Margin
10.4%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
87.26%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
91.69%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
86.52%
Asset Quality
Promoter Holding
61.52%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹723 Cr.
Equity
₹22.3 Cr.
Face Value
₹2
All Time Low / High
₹28.50 / 753.98
Check Before You Invest
Quality
Very GoodValuation
Somewhat UndervaluedCheck Valuation charts
Price Trend
Weak
Is Bondada Engineering Ltd a good quality company?
Bondada Engineering Ltd is a good quality company, based on a consistently good multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Bondada Engineering Ltd performance compare with that of its Peers?
Revenue growth of Bondada Engineering Ltd vs industry peers?
Bondada Engineering Ltd revenue CAGR is 58.18%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Bondada Engineering Ltd?
Promoters hold 61.52% of the Bondada Engineering Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Bondada Engineering Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 91.44% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Bondada Engineering Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good
Value Creation ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 13.7% | 18.8% | 20.5% | 33.6% | 42.1% | 42.5% | - |
| Value Creation Index ⓘ | 0.0 | 0.3 | 0.5 | 1.4 | 2.0 | 2.0 | - |
Growth Parameters ⓘ |
|||||||
| Sales ⓘ | 287 | 300 | 331 | 741 | 1,407 | 2,635 | 2,635 |
| Sales YoY Gr. | - | 4.5% | 10.3% | 124.1% | 89.8% | 87.3% | - |
| Adj EPS ⓘ | 0.8 | 1.3 | 1.9 | 3.8 | 9 | 16.6 | 16.5 |
| YoY Gr. | - | 72.4% | 47.3% | 94.8% | 138% | 85.3% | - |
| BVPS (₹) ⓘ | 6.2 | 7.5 | 9.7 | 14.5 | 33.2 | 54.3 | 58.6 |
| Adj Net Profit ⓘ | 5.9 | 10.2 | 15.4 | 40.6 | 98.3 | 185 | 184 |
| Cash Flow from Ops. ⓘ | -2.6 | 23.9 | -29.9 | 35.3 | -122 | 125 | - |
| Debt/CF from Ops. ⓘ | -18.2 | 1.6 | -2.7 | 1.7 | -1.4 | 1.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 55.8% | 99.7% | 87.3% | ||||
| Adj EPS ⓘ | NA | 85.3% | 104.8% | 85.3% | ||||
| BVPSⓘ | NA | 54.3% | 77.5% | 63.6% | ||||
| Share Price | - | - | 91.3% | -31.2% | ||||
Key Financial Parameters ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 12.2 | 19 | 22.7 | 34.7 | 36.3 | 37.3 | 29.2 |
| Op. Profit Mgn % ⓘ | 4.8 | 6.2 | 7.4 | 8 | 11 | 11 | 10.7 |
| Net Profit Mgn % ⓘ | 2.1 | 3.4 | 4.7 | 5.5 | 7 | 7 | 7 |
| Debt to Equity ⓘ | 1 | 0.6 | 1.1 | 0.4 | 0.5 | 0.4 | - |
| Working Cap Days ⓘ | 0 | 181 | 188 | 145 | 163 | 163 | 42 |
| Cash Conv. Cycle ⓘ | 0 | 110 | 116 | 67 | 72 | 82 | 10 |
Valuation of Bondada Engineering - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|
| Sales | 287 | 334 | 371 | 801 | 1,571 | 2,843 |
| Operating Expenses ⓘ + | 271 | 314 | 341 | 732 | 1,396 | 2,508 |
| Operating Profit ⓘ | 16 | 20 | 30 | 68 | 175 | 335 |
| Operating Profit Margin (%) | 5.7% | 5.9% | 8.0% | 8.6% | 11.1% | 11.8% |
| Other Income ⓘ + | 1 | 0 | 0 | 3 | 9 | 8 |
| Interest ⓘ | 4 | 3 | 6 | 9 | 25 | 49 |
| Depreciation ⓘ | 2 | 2 | 2 | 1 | 7 | 10 |
| Profit Before Tax ⓘ | 12 | 15 | 23 | 62 | 152 | 285 |
| Tax ⓘ | 2 | 5 | 6 | 15 | 39 | 74 |
| Profit After Tax | 9 | 10 | 17 | 46 | 113 | 211 |
| PAT Margin (%) | 3.2% | 3.0% | 4.6% | 5.8% | 7.2% | 7.4% |
| Adjusted EPS (₹) | 1.2 | 1.3 | 2.1 | 4.1 | 10.0 | 18.2 |
| Dividend Payout Ratio (%) | 0% | 1.60% | 1.10% | 0.70% | 1% | 1.50% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 48 | 58 | 78 | 162 | 427 | 692 | |||||
| Debt + | 45 | 37 | 84 | 61 | 179 | 272 | |||||
| Minority Interest | 0 | 0 | 4 | 6 | 30 | 38 | |||||
| Trade Payables | 37 | 28 | 45 | 159 | 232 | 390 | |||||
| Others Liabilities ⓘ | 41 | 34 | 39 | 116 | 330 | 647 | |||||
| Total Liabilities ⓘ | 170 | 157 | 251 | 505 | 1,197 | 2,039 | |||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 13 | 13 | 15 | 41 | 125 | 154 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 2 | 3 | 16 | |||||
| Investments ⓘ | 0 | 1 | 2 | 2 | 10 | 9 | |||||
| Inventories | 56 | 44 | 60 | 138 | 201 | 536 | |||||
| Trade Receivables | 85 | 79 | 128 | 207 | 535 | 792 | |||||
| Cash Equivalents | 5 | 1 | 12 | 50 | 41 | 262 | |||||
| Others Assets ⓘ | 12 | 19 | 35 | 65 | 282 | 270 | |||||
| Total Assets ⓘ | 170 | 157 | 251 | 505 | 1,197 | 2,039 | |||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 3 | 11 | -32 | 54 | -141 | 125 |
| Cash Flow From Investing Activity ⓘ + | -2 | -2 | -12 | -62 | -105 | -63 |
| Cash Flow From Financing Activity ⓘ + | 3 | -12 | 45 | 11 | 246 | 90 |
| Net Cash Flow ⓘ | 4 | -3 | 0 | 3 | 1 | 152 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 19.27 | 19.19 | 25.14 | 38.48 | 38.42 | 37.75 | ||||
| ROCE (%) | 16.38 | 19.04 | 21.96 | 36.41 | 41.63 | 41.81 | ||||
| Asset Turnover Ratio | 1.69 | 2.04 | 1.82 | 2.12 | 1.85 | 1.76 | ||||
| PAT to CFO Conversion(x) | 0.33 | 1.1 | -1.88 | 1.17 | -1.25 | 0.59 | ||||
| Working Capital Days | ||||||||||
| Receivable Days | 107.60 | 89.30 | 101.80 | 76.30 | 86.20 | 85.20 | ||||
| Inventory Days | 71.70 | 55.10 | 51.30 | 44.90 | 39.30 | 47.30 | ||||
| Payable Days | 182.80 | 72.60 | 72.70 | 71.40 | 91.30 | 77.60 | ||||
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Bondada Engineering Ltd FAQs
The current trading price of Bondada Engineering on 16-Sep-2026 16:59 is ₹268.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 15-Sep-2026 the market cap of Bondada Engineering stood at ₹2,999.5 Cr
The latest P/E ratio of Bondada Engineering as of 15-Sep-2026 is 16.28.
The latest P/B ratio of Bondada Engineering as of 15-Sep-2026 is 4.59.
The 52-week high of Bondada Engineering is ₹503.0 and the 52-week low is ₹215.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Bondada Engineering is ₹2,635 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Bondada Engineering Ltd is a good quality company.
The key valuation ratios of Bondada Engineering Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Bondada Engineering Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Bondada Engineering Ltd
The company was incorporated as ‘Bondada Engineering Private Limited’ as private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated March 29, 2012, issued by the Assistant Registrar of Companies, Andhra Pradesh. Subsequently, the company was converted into a public limited company pursuant to a special resolution passed by its shareholders at an Extra-ordinary General Meeting held on March 17, 2023, and the name of company was changed to ‘Bondada Engineering Limited’ and a fresh certificate of incorporation consequent upon conversion dated May 31, 2023, was issued by the Registrar of Companies, Hyderabad.
The company is an ISO 9001:2015 certified integrated infrastructure company engaged in the business of providing engineering, procurement and construction (EPC) services and operations and maintenance (O&M) services to its pan India customers operating in telecom and solar energy industry. Its expertise lies in providing core design and engineering services and O&M services in infrastructure space with proven multiple projects execution track record with its knowledge-based approach and an experienced team of many employees. It provides passive telecom infrastructure services which include turnkey services for cell site construction, erection, operation and maintenance of telecom towers with civil, electrical and mechanical works; supply of poles and towers, laying and maintenance of optical fiber cables, supply of power equipment and other telecom infrastructure related services to major telecom companies and telecom tower operators in India.
It also provides O&M services to telecom and tower operating companies such as cell site maintenance with preventive and corrective maintenance of passive infrastructure and equipment’s, backup power systems, manning services and supply of riggers, surveillance, and corrective maintenance of optical fiber cable routes and other maintenance related facilities. Its tower manufacturing facility located at Medchal District, Telangana, for tower fabrication has been the backbone for its Telecom Tower EPC business.
Business area of the company
The company engaged in the business of providing engineering, procurement and construction (EPC) services and operations and maintenance (O&M) services to its pan India customers operating in telecom and solar energy industry.
Awards, accreditations & recognition
- 2021: ET Excellence Award for Excellence in Telecom Infrastructure Services Provider.
- 2022: Gold medal from Indian Red Cross Society, Andhra Pradesh for CSR activities.
- 2023: ‘Company of the Year 2022’ by Global India Business Forum.
History and milestone
- 2012-13: Incorporation of the company.
- 2013-14: Commenced Telecom EPC Business.
- 2014-15: Achieved 100% growth in revenue in Telecom EPC Business.
- 2014-15: Commenced uPVC windows manufacturing plant.
- 2015-16: Commenced AAC blocks manufacturing plant.
- 2016-17: Secured orders for Solar EPC Business.
- 2016-17: Received ISO Certification 9001:2008.
- 2017-18: Crossed annual revenue above Rs 100 crore.
- 2017-18: Commenced Telecom Tower manufacturing plant.
- 2018-19: Received ISO Certification 9001:2015.
- 2019-20: Entered Telecom Tower and OFC O&M Contracts in Maharashtra & Goa and OFC O&M.
- 2019-20: Contracts in Tamil Nadu, Karnataka & Kerala.
- 2019-20: Secured 13.86 MW Solar EPC order.
- 2019-20: Crossed annual revenue above Rs 200 crore.
- 2019-20: Constructed on turnkey basis 1st Tower Mounted Doppler Weather Radar in Maharashtra and Tamil Nadu.
- 2021-22: Crossed annual revenue above Rs 300 crore.
- 2021-22: Transfer of uPVC undertaking to its subsidiary company, BAPL.
- 2021-22: Transfer of AAC Undertaking to its subsidiary company, SITPL.
- 2022-23: Received single Telecom EPC and O&M work order from Government of India enterprise for Rs 1,156.45 crore.
- 2023-24: Incorporated subsidiary company, BEEPL for manufacturing and supply of LED lights.
- 2023-24: Conversion to public limited Company.
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