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06 September 2023

Bondada Engineering Limited: Empowering Telecom and Solar Energy Infrastructure

Introduction:

Incorporated in 2012, Bondada Engineering Limited has emerged as a key player in the realm of engineering, procurement, and construction (EPC) services. The company specializes in providing comprehensive solutions to the telecom and solar energy industries, encompassing engineering, operations, and maintenance (O&M) services.

Diverse Offerings:

Bondada Engineering offers an array of services that cater to the specific needs of the telecom and solar energy sectors. Its telecom infrastructure services include cell site construction, tower erection, operation, and maintenance, along with optical fiber cable laying, power equipment supply, and more. The company has notably installed over 11,600 telecom towers and poles, a significant portion of which was accomplished in the last three fiscal years.

Commitment to Quality:

The company's operations and maintenance services extend to maintaining passive infrastructure and equipment, backup power systems, optical fiber cable routes, and other related facilities. With a robust workforce of over 550 employees, Bondada Engineering ensures that the infrastructure remains in top-notch condition, thereby contributing to seamless telecom and tower operations.

Manufacturing Excellence:

Bondada Engineering's manufacturing facility, located in Telangana, is equipped with an installation capacity of approximately 12 thousand Metric Tonnes Per Annum (MTPA) for tower fabrication. This facility reinforces the company's commitment to manufacturing excellence and meeting industry demands.

Financial Snapshot

An overview of Bondada Engineering's financial performance:

Year Ended	Revenue (₹ Lakhs)	Profit After Tax (₹ Lakhs)	Net Worth (₹ Lakhs)
31-Mar-21	28,832.29	920.55	4,775.88
31-Mar-22	33,420.96	1,013.53	5,789.41
31-Mar-23	37,095.77	1,825.19	7,837.54

IPO Details:

Bondada Engineering is poised to embark on a new phase with its Initial Public Offering (IPO). The IPO comprises a total issue size of ₹42.72 Crores, with a price of ₹75 per share. The listing will take place on BSE SME.

Expert Insights:

Bondada Engineering's integrated approach towards telecom and solar energy infrastructure and its steady growth trajectory make it an attractive prospect. The pricing of the IPO based on FY23 earnings adds to its appeal. Investors with a medium to long-term horizon may find value in this offering.

Conclusion:

Bondada Engineering's journey from inception to IPO underscores its contribution to enhancing telecom and solar energy infrastructure. As potential investors evaluate this opportunity, considering the company's services, financial performance, and market outlook is essential. As always, conducting thorough research and analysis is pivotal to making informed investment decisions.

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