BSE: 543971 · ISIN INE0Q8P01029
Bondada Engineering Limited stock analysis
Bondada Engineering Limited ranks #820 in the TickerSutra evidence-ranked universe with a score of 60/100 and 91% data confidence. The latest captured fundamentals show ROCE of 39.4%, quarterly sales growth of 24.0% and quarterly profit growth of 38.2%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 39.4%
- 97.2% three-year sales CAGR
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹334cr | ₹20cr | ₹10cr | 6.0% |
| 2023 | ₹371cr | ₹31cr | ₹18cr | 8.0% |
| 2024 | ₹801cr | ₹68cr | ₹46cr | 9.0% |
| 2025 | ₹1,571cr | ₹175cr | ₹113cr | 11.0% |
| 2026 | ₹2,843cr | ₹335cr | ₹211cr | 12.0% |
| TTM | ₹2,977cr | ₹337cr | ₹223cr | 11.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Intimation of receipt of work order.
RoutineBondada Engineering Ltd - 543971 - Closure of Trading WindowBSE · 28 Sept 2026Intimation of Trading Window Closure
RoutineBondada Engineering Ltd - 543971 - Board Meeting Outcome for Outcome Of The Board MeetingBSE · 22 Sept 2026Outcome of the Board Meeting
RoutineBondada Engineering Ltd - 543971 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderBSE · 10 Sept 2026Intimation of receipt of LOI.
Positive CatalystBondada Engineering Ltd - 543971 - Intimation Of Receipt Of In-Principle Approval Letter With Respect To Migration From SME Platform Of BSE Limited To The Main Board Of BSE Limited Of The Equity Shares Of Bondada Engineering Limited.BSE · 9 Sept 2026Intimation of receipt of In-principle approval letter with respect to Migration from SME Platform of BSE Ltd to Main Board of BSE Limited of the Equity Shares of the Company.
MANAGEMENT COMMENTARY
Signals from filed documents
So you said that this last quarter EBITDA margins came down because of these low margin projects that you all did. Is that kind of a structural pressure from larger project sizes with thinner margins or like what’s your EBITDA margin guidance that you would say for the next year? Is it like towards the 10.5% or will it be back to about 11%, 11.5%?
• Neither the Managing Director nor the Whole- time Directors of the Company, receives any commission from any of its subsidiaries. ACKNOWLEDGEMENT: The Directors wishes to express their gratitude to bankers, financial institutions, government authorities, regulatory authorities, customers and suppliers, business partners, shareholders and other stakeholders, and all others who are directly or STATUTORY REPORTS 89Bon
The Company anticipates that this migration will bolster its goodwill and facilitate business expansion. Migration from the SME Platform to the Main Board and Direct Listing requires approval from members through a Special Resolution by way of Postal Ballot. The Company has already initiated the process of Postal Ballot and the necessary process shall be completed on or before 30th August, 2026.
And this revenues from these data centres also will add from this financial area onwards. So expanding into defence and then defence and aerospace segments, national self-reliance as you all know that actually the huge trust is there from government of India having this defence manufacturing not only for in India but even to supply even global, and which we are looking at the very two, three very niche products that
And also we are ventured into the Indian railways where actually we are providing the passive infrastructure for their Kavach implementation. We are also into energy conservation products manufacturing and it is backed with our EPC contacts with backward integration. Manufacturing of all towers and the MMS module mounting structures even BLDC motors are there and the LED lights.
How do you see this from your perspective and how do you see this affecting the prospects going forward? Second, I want to understand the geopolitical tensions you spoke about the raw material cost impact etc. Outside of that do you see those war situations fundamentally affecting in any way or shape for the business?
However, the Body Corporates are entitled to appoint authorised representatives to attend the AGM through VC/OA VM and participate there at and cast their votes through e-voting. Members of the Company under the category of Institutional Investors are encouraged to attend and vote at the AGM through VC/ OA VM. Body Corporates whose Authorised Representatives are intending to attend the Meeting through VC/OA VM are re
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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