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Earnings Call

Bondada Engineering Earnings Call: Key Takeaways

Bondada Engineering reported FY26 revenue of ₹2,843cr with a focus on diversifying into BESS, data centres, and defence manufacturing. Strategy shifts from 90% EPC to a target of 70% products/services for higher margins.

Why this was an Alfa AlertNot a filter event. Revenue of ₹2,843cr was slightly below the internal expectation of ₹3,100cr-₹3,200cr mentioned by analysts.
Highlights
Revenue growthFY26 revenue ₹2,843cr; FY27 growth guidance 60-70%.
MarginsEBITDA margins expected at 11-12%; PAT around 7%.
Order book₹7,147cr as of Mar 2026 plus ₹9,000cr IPP pipeline.
Demand visibilityStrong pipeline in Solar EPC, BESS, and Kavach railway projects.
Management confidenceHigh; citing 18-20 month order book visibility.

Growth

FY26 revenue surged to ₹2,843cr from ₹1,571cr (FY25). PAT reached ₹211cr. CAGR over 14 years stands at 53%.

Outlook

Guidance for 60-70% revenue and PAT growth in FY27. ₹130cr capex for integrated manufacturing. Vision 2030 target: 25GW.

Risks

Q4 margins dipped due to seasonal raw material cost spikes in steel and cables (up 17-18%).

Source

Earnings Call filed with BSE, BSE: 543971. Summary written with AI assistance from the document.

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Bondada Engineering Ltd: key numbers

Share price
₹277.30
Market cap
₹3,097 Cr
Revenue (annual)
₹2,843 Cr
Net profit (annual)
₹203.5 Cr
P/E (TTM)
15.2×Sector 33.0×
Promoter holding
61.52%-0.05% QoQ
FII holding
0.53%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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