Bondada Engineering Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹3,057 Cr
- P/E
- 14.04
- ROE
- 35.70%
- PEG
- 0.11
- Price to sales
- 1.02
- Debt to equity
- 0.42
- 52W high / low
- ₹462 / ₹221
- Sales growth (5Y)
- 58.18%
- EBITDA margin
- 11.33%
- Net profit margin
- 7.43%
- Promoter holding
- 61.52%
- Sales (last year)
- ₹2,977 Cr
Incorporated in 2012, Bondada Engineering Limited provides engineering, procurement, and construction (EPC) services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry.[1]
Guidance scorecard · Q4 FY26 call
What Bondada Engineering Ltd's management guided
and where it ranks in Telecom - Services
Telecom - Services
RevenueQ4 FY26 call
40%+- Revenue growth of 60% to 70% expected in FY27 over FY26, driven by a strong order book of around INR7,200 crores.
- Continued capacity building in renewable energy aligned with government targets, supporting sustained volume and revenue growth over the next 10 years.
- Expansion through inorganic growth in defense segment by acquiring/merging with three companies to enhance intellectual capital and market positioning.
- Target to achieve 25 GW renewable energy capacity by 2030, with approximately $1 billion in revenue anticipated from this segment.
- Commissioning of integrated manufacturing facility expected to add incremental revenues from FY28 onwards.
2 more points from Bondada Engineering Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Bondada Engineering Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Only short-term Capex (6-8 months) to create ready-to-deploy shells for hyperscalers before handing over to data centre operators.
- New integrated manufacturing facility (~27 acres near Hyderabad) construction to start in Q2 FY27 with Capex of around INR120-130 crores, to consolidate renewable energy product manufacturing including MMS structures, transmission towers, and vanadium…
- Equity infusion for a 2 GW AP IPP project (worth INR9,000 crores) to happen in phases over 3-4 years, starting with around INR250 crores for initial 250 MW.
- Strategic inorganic growth in defence sector via acquisition/merger of three companies to gain intellectual capital and scale operations.
FundraisingQ4 FY26 call
PlannedSee what Bondada Engineering Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- As of March 31, 2026, the confirmed order book stands at approximately INR 7,147 crores.
- There is an additional significant special purpose vehicle (SPV) project for Andhra Pradesh (AP) involving 2 GW capacity with an order value of INR 9,000 crores, currently not included in the main order book.
- The company has L1 orders worth INR 2,850 crores expected to be awarded in Q1 FY27.
2 more points from Bondada Engineering Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Telecom - Services
on management's own guidance
- Strong growth2
- Strong growth1
- 3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Telecom - Services companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹39,185 Cr | 68.4 | |
| 2 | 40%+ | Flat | ₹3,509 Cr | 11.7 | |
| 3 | Bondada EngineerThis stock | 40%+ | Flat | ₹3,372 Cr | 15.5 |
| 4 | 20–40% | Flat | ₹11.94L Cr | 38.2 | |
| 5 | 20–40% | Flat | ₹81,095 Cr | 43.9 | |
| 6 | 20–40% | Flat | ₹52,416 Cr | 41.4 |
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Pro shows every company guiding 40%+ revenue growth →Full Telecom - Services rankingBondada Engineering Ltd announcements
All announcements →Financials of Bondada Engineering Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Bondada Engineering Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Dec 2024 | Mar 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 376 | 714 | 659 | 712 | 914 |
| Expenses + | 338 | 633 | 581 | 627 | 818 |
| Operating Profit | 38 | 82 | 78 | 85 | 96 |
| OPM % | 10% | 11% | 12% | 12% | 11% |
| Other Income + | 3 | 3 | 2 | 5 | 2 |
| Interest | 7 | 8 | 10 | 14 | 9 |
| Depreciation | 2 | 2 | 3 | 2 | 3 |
| Profit before tax | 33 | 74 | 67 | 73 | 87 |
| Tax % | 25% | 25% | 22% | 26% | 28% |
| Net Profit + | 25 | 56 | 52 | 54 | 63 |
| EPS in Rs | 2.25 | 4.83 | 4.75 | 4.76 | 5.30 |
Financials of Bondada Engineering Ltd
Profit & Loss
Annual income statement trend
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 224 | 229 | 287 | 334 | 371 | 801 | 1,571 | 2,843 |
| Expenses + | 205 | 211 | 271 | 314 | 341 | 732 | 1,396 | 2,516 |
| Operating Profit | 19 | 18 | 16 | 20 | 30 | 68 | 175 | 327 |
| OPM % | 9% | 8% | 6% | 6% | 8% | 9% | 11% | 11% |
| Other Income + | 0 | 0 | 1 | 0 | 0 | 3 | 8 | 8 |
| Interest | 2 | 2 | 4 | 3 | 6 | 9 | 25 | 41 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 1 | 4 | 10 |
| Profit before tax | 16 | 14 | 12 | 15 | 23 | 62 | 155 | 285 |
| Tax % | 29% | 27% | 21% | 31% | 25% | 25% | 25% | 26% |
| Net Profit + | 11 | 10 | 9 | 10 | 17 | 46 | 115 | 211 |
| EPS in Rs | 27.71 | 24.76 | 22.46 | 24.73 | 2.11 | 4.14 | 10.17 | 18.23 |
| Dividend Payout % | 0% | 0% | 0% | 2% | 1% | 1% | 0% | 0% |
Financials of Bondada Engineering Ltd
Balance Sheet
Capital structure and asset base
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.82 | 0.82 | 0.82 | 0.82 | 16 | 22 | 22 | 22 |
| Reserves | 28 | 38 | 47 | 57 | 62 | 141 | 425 | 672 |
| Borrowings + | 26 | 40 | 47 | 38 | 84 | 73 | 182 | 292 |
| Other Liabilities + | 52 | 60 | 76 | 62 | 89 | 270 | 566 | 1,055 |
| Total Liabilities | 107 | 140 | 171 | 158 | 251 | 505 | 1,194 | 2,042 |
| Fixed Assets + | 14 | 13 | 13 | 13 | 15 | 41 | 94 | 155 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 2 | 3 | 14 |
| Investments | 0 | 0 | 0 | 1 | 2 | 2 | 30 | 9 |
| Other Assets + | 92 | 126 | 158 | 144 | 235 | 460 | 1,067 | 1,863 |
| Total Assets | 107 | 140 | 171 | 158 | 251 | 505 | 1,194 | 2,042 |
Financials of Bondada Engineering Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 4 | -18 | 3 | 11 | -32 | 44 | -158 | 125 |
| Cash from Investing Activity + | -5 | -1 | -2 | -2 | -12 | -52 | -121 | -63 |
| Cash from Financing Activity + | 6 | 12 | 3 | -12 | 45 | 21 | 269 | 90 |
| Net Cash Flow | 5 | -6 | 4 | -3 | 0 | 13 | -10 | 152 |
| Free Cash Flow | -1 | -19 | 1 | 9 | -36 | 16 | -193 | 84 |
| CFO/OP | 21% | -95% | 52% | 71% | -95% | 78% | -72% | 45% |
Financials of Bondada Engineering Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 74 | 125 | 108 | 86 | 126 | 94 | 125 | 102 |
| Inventory Days | 133 | 184 | 282 | 100 | 118 | 96 | 94 | 134 |
| Days Payable | 138 | 152 | 183 | 63 | 89 | 104 | 108 | 97 |
| Cash Conversion Cycle | 69 | 157 | 207 | 123 | 155 | 86 | 110 | 138 |
| Working Capital Days | 30 | 48 | 47 | 50 | 52 | 38 | 63 | 29 |
| ROCE % | 24% | 16% | 19% | 21% | 35% | 40% | 39% |
Guidance history
How Bondada Engineering Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 40%+ | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 40%+ | Flat | Planned | Planned | Rising |
| Q4 FY25 call → | 20–40% | Flat | None planned | — | Rising |
| Q3 FY24 call → | 40%+ | — | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
10 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −40.8% | 11% |
| Last 6 months | −19.6% | 19% |
| Last 3 months | −8.1% | 45% |
The price is 60.3% below its all-time high of ₹688.99 (30 Aug 2024). Stocks more than 20% below their peak have their score halved, so 21 became 10.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Bondada Engineering Ltd: 0.4 × 11 + 0.4 × 19 + 0.2 × 45 = 21, halved to 10 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Bondada Engineering Ltd's management said in earlier quarters
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