Small-Cap Multibagger Logged 1,200 Per cent Returns & Rs 5,342 Crore Order Book: The EPC Company Acquires 100 Per Cent Stake in Geospatial Tech Company for Rs 19.81 Crore

The stock price has given 120 per cent multibagger returns in a year and whopping 1,200 per cent returns in the last 1.5 years, since its listing in Septemeber 2023.

Bondada Engineering Limited has successfully completed the acquisition of Speck Systems Limited, a Hyderabad-based company specialising in geospatial technologies for defence and paramilitary applications. This acquisition was finalised through the NCLT liquidation process, with Bondada Engineering now holding 100 per cent of Speck Systems' share capital, making it a wholly-owned subsidiary. The acquisition includes significant immovable assets such as industrial property and commercial flats in Hyderabad. Speck Systems, incorporated in 1985, is known for its expertise in situational awareness and decision-making solutions. The acquisition aligns with Bondada Engineering's strategic goals, enhancing its capabilities in the geospatial technology sector. The transaction was completed with a cash consideration of Rs 19.81 crore, and all necessary formalities have been initiated to integrate the new subsidiary into Bondada Engineering's operations.

Bondada Engineering Limited, established in 2012, offers engineering, procurement, and construction (EPC) services, along with operations and maintenance (O&M) services, primarily in the telecom and solar energy sectors. The company has formed strategic partnerships with major telecom players such as Reliance Jio, Airtel, Indus, and BSNL, and has installed over 12,500 telecom towers and a 4,300-kilometre optical fibre cable network. Its solar power installations exceed 240 MW as of FY24.

The EPC segment, which constitutes 70 per cent of its business, saw a revenue growth of 236 per cent between FY22 and FY24. The products segment, contributing 20 per cent to the business, manufactures telecom towers, solar MMS, and building materials, with an 86 per cent revenue growth in the same period. The O&M services segment, covering over 38,500 telecom towers, has remained stable. The company has a robust order book of over Rs 2,400 crore and is expanding its manufacturing capabilities with new facilities in Telangana and Andhra Pradesh. Bondada Engineering is also focusing on expanding its product portfolio, including uPVC profile extrusion.

As of March 28, 2025, Bondada Engineering Limited's stock is priced at Rs 374.95. The stock has a 52-Week High of Rs 736.89 and a 52-Week Low of Rs 170.43. Bondada Engineering Limited has a market capitalisation of Rs 4,118 crore. The stock has delivered a 1-year return of 120 per cent. Major public shareholders include Umamaheswararao Dutta with 4.40 per cent, Venkata Durgaprasad Marumokham with 2.64 per cent, and Veera Sai Tirupathi Rao Gopa with 1.76 per cent.

As of October 2024, the comany's order book stood at Rs 5,342 crore. These orders are expected to be delivered over the next 12 to 18 months. In just six months, the company's order book has grown significantly from Rs 1,759 crore to Rs 5,342 crore, an impressive 3x increase. With this strong order book, we are well-positioned to achieve solid performance for further years.

In FY24, the company posted a revenue of Rs 800.72 crore, registering a 116.07 per cent growth compared to Rs 370.59 crore in FY23. The net profit for the year stood at Rs 44.73 crore, up 167.20 per cent from Rs 16.74 crore in the previous financial year.

With a PE ratio of 62.4x, the company trades at a premium compared to the industry PE of 30.9. The company has a ROCE of 35.5 per cent and an ROE of 37.17 per cent. The 52-Week High is Rs 736.89, and the 52-Week Low is Rs 170.43. The stock price has given 120 per cent multibagger returns in a year and whopping 1,200 per cent returns in the last 1.5 years, since its listing in September 2023.

Disclaimer: The article is for informational purposes only and not investment advice.