Synopsis:
Telecom infrastructure company is in focus today after receiving two domestic orders worth Rs. 2.32 crore
A small-cap company that provides EPC services and operations and maintenance (O&M) services to companies operating in the telecom and solar energy industry is in the spotlight after receiving two domestic orders worth Rs. 2.32 crore.
With the market capitalization of Rs. 4,619.97 crore, the shares of Bondada Engineering Ltd are trading at Rs. 414, down by 1.13 percent from its previous day’s close price of Rs. 418.75. It has touched an intraday low of Rs. 413 in today’s trading session.
Work Order
Bondada E&E Private Limited, a subsidiary of Bondada Engineering Limited, received an LOI from GHMC, Hyderabad, to supply LED street and flood lights under the city’s LED Street Lighting Project.
The company also got an order to supply 60W solar street lights with Bhagyasree Industries for the Roads & Buildings (R&B) Department in Telangana. This is Bondada’s first major order in Telangana after its product approval under SSR, worth Rs. 2.32 crore, to be completed within 30 days.
As of 1st April 2025, the company had an opening order book of INR 5,044 Crs. With expected tender participation of INR 25,000 Crs and a past strike rate of 25 percent, it anticipates securing additional orders worth INR 6,250–7,000 Crs, leading to an estimated closing order book of around INR 8,000 Crs by March 2026.
Also Read: Microcap stock jumps 3% after reporting 245% YoY increase in net profits
About the Company & Others
Bondada Engineering Limited, based in Hyderabad and incorporated in 2012, provides engineering, procurement, construction, and operations and maintenance services for the telecom and solar sectors in India.
The company offers design and construction services for telecom towers, optic fiber communication, transmission lines, and buildings, along with cell site and data center maintenance.
It also manufactures and supplies Autoclaved Aerated Concrete blocks under SmartBrix, uPVC and aluminium windows and doors under truVU and AluRise, tower poles, LED lights, EV and drone motors, and telecom and transmission towers.
A return on equity (ROE) of about 36.2 percent, a return on capital employed (ROCE) of about 39.5 percent and debt to equity ratio of 0.41 demonstrate the company’s financial position. At the moment, the company’s P/E ratio is 42x higher as compared to its industry P/E 19.9x.
The company reported revenue of Rs. 1,091 crore in H2 FY25, up by 126.82 percent from Rs. 481 crore in H1 FY25 and 116.04 percent YoY from Rs. 505 crore in H2 FY24. The company reported a net profit of Rs. 79 crore in H2FY25, up by 119.44 percent from Rs. 36 crore in H1 FY25 and 154.84 percent YoY from Rs. 31 crore in H2 FY24.
Written by Akshay Sanghavi
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