1,750 per cent Annual Return Stock Lands Rs 467.99 Crore Order from KPI Green Energy
Highlights the Company’s Exceptional Performance and Market Potential
Bondada Engineering, a leading player in engineering services, has recently received a significant work order from KPI Green Energy Limited. The contract, valued at an impressive Rs 467.99 crore, is for the supply of materials and installation of a 130 MWp/100 MWac solar power generation plant. The project is scheduled for completion within 12 months from the receipt of the purchase order.
A Milestone Project for Bondada
The company’s focus on providing high quality materials and top notch installation services has made it a trusted partner for solar projects across the country. Importantly, this work order does not involve any related party transactions, ensuring transparency and compliance with all regulatory requirements.
Strong Growth Over the Years
Bondada Engineering has demonstrated remarkable growth since its inception. Starting with an annual revenue of Rs 7 crore in FY2013, the company has seen its revenue soar to Rs 800 crore in FY2024, achieving an outstanding Compound Annual Growth Rate (CAGR) of 53 per cent. The company also posted a remarkable 117 per cent revenue growth, with revenue jumping from Rs 370 crore to Rs 801 crore. Similarly, EBITDA grew by 137 per cent, from Rs 30.2 crore to Rs 71.5 crore, while PAT (Profit After Tax) surged by 170 per cent, increasing from Rs 17.1 crore to Rs 46.3 crore.
Contribution of Subsidiaries and Future Outlook
Bondada’s subsidiaries have also played a significant role in the company's overall performance. Their contribution to total revenue increased from 6 per cent in FY 2022-23 to 10 per cent in FY2023-24. With a focus on expansion, the company expects this figure to exceed 20 per cent in FY2024-25.
Robust Order Book and Future Prospects
As of March 31, 2024, Bondada Engineering’s order book stands at Rs 1,747 crore, with an additional pipeline of Rs 1,260 crore.
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Performance of the stock in 2024:
In 2024, the stock price of Bondada soared by 847 per cent, reaching an all-time high of Rs 754. The company delivered a one-year return of 1,750 per cent to its investors. Company sales grew by 116 per cent in the past year, and net profit increased by 171 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.