This infrastructure stock engaged in providing EPC services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industries, hit a 5 percent upper circuit after securing an order worth Rs. 5 crore from SR Power Systems India Private Limited
Stock Price Movement:
With a market capitalization of Rs. 4,158.40 crores, the shares of Bondada Engineering Ltd (BO:BOND) hit a 5 upper circuit of Rs. 390.20 per share on Friday, up from its previous closing price of Rs. 371.65 per share.
Since then, the stock has retreated and is currently trading at Rs. 385 per equity share. Over the past five years, the stock has provided impressive returns of more than 1075.36 percent.
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What Happened:
Bondada Engineering Limited, through its subsidiary Bondada Green Engineering Private Limited (BGEPL), has received a work order from SR Power Systems India Private Limited. The order is valued at Rs. 4.91 crore and involves the supply of 220 KV MS tower parts to be delivered at Mancherial, Telangana. The contract will be executed within one week after receiving drawing approval.
Order Book:
Bondada Engineering’s order book has seen strong growth, increasing from Rs. 1,364 Crore in FY 2022-23 to Rs. 1,759 Crore in FY 2023-24. By October 2024, the order book reached Rs. 5,342 Crore, reflecting a rapid 3x growth in just six months
The segment breakdown shows that 75 percent of the order book is from the Telecom (BCBA:TECO2m) sector, 23 percent from Solar, and 2 percent from Products. This rapid growth demonstrates the company’s expanding presence and capabilities across these industries, with deliveries expected over the next 18 to 24 months.
Clientele:
Bondada Group serves a variety of industries, including telecommunications, renewable energy, construction, and manufacturing. Their clients include well-known companies like BSNL, Reliance (NSE:RELI) Jio, Airtel (NSE:BRTI), Indus Towers (NSE:INUS), and TATA, highlighting the company’s broad experience and skills.
Recent quarter results:
Bondada Engineering Limited’s revenue has increased from Rs. 296 crore in H1 FY24 to Rs. 481 crore in H1 FY25, which has grown by 62.50 percent. The net profit has also grown by 140 percent from Rs. 15 crore in H1 FY24 to Rs. 36 crore in H1 FY25.
Written By – Nikhil Naik
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