Bondada Engineering Secures NSE Main Board Listing Approval for SME Migration

Key numbers

Market Cap	₹3,060.36 CrConstruction & Eng
TTM P/E	15.04Sector 31.66
Order Book	₹10,023 CrAs of July 2026
1-Year Change	-41.01%Price Performance

Key highlights

• Received final NSE listing approval on October 27, 2026, for migration to the Capital Market Segment
• Current order book stands at ₹10,023 crore as reported on July 31, 2026
• Quarterly net profit grew 38.25% YoY to ₹52.89 crore for the period ended June 30, 2026
• Company recently secured a major ₹1,153.93 crore solar PV project in Maharashtra
• Trailing twelve-month P/E ratio of 15.04 compares to a sector average of 31.66

Transition to the NSE Main Board

Bondada Engineering Limited received final listing approval on October 27, 2026, to migrate its equity shares from the BSE SME platform to the Capital Market Segment of the National Stock Exchange (NSE). This move follows a sequence of regulatory milestones, including in-principle approvals from both BSE and NSE earlier in October. The company aims to leverage this transition to enhance its visibility among institutional investors and broaden its overall reach in the capital markets.

This migration is expected to support the company's long-term growth objectives as it scales its operations in the infrastructure and energy sectors.

Substantial Order Inflow and Project Execution

• Awarded a ₹1,153.93 crore EPC work order for a 270 MWp ground-mounted solar PV project in Maharashtra on October 6, 2026
• Received a ₹239.25 crore LOI from GIPCL for a Battery Energy Storage System EPC and 10-year maintenance project
• Sanctioned ₹911.25 crore in credit facilities from SBI for a 225 MW Solar IPP project under subsidiary Onix IPP
• Intimated commissioning of solar power projects aggregating 221.7 MWp during the second quarter of FY27
• Secured additional work orders for telecom infrastructure and solar components totaling ₹146.90 crore in late September

Financial Profile and Valuation Context

The company's financial profile shows consistent year-on-year growth, with operating revenue for the June 2026 quarter rising 23.99% to ₹691.65 crore. Net profit for the same period climbed 38.25% to reach ₹52.89 crore. On a trailing twelve-month basis, the company trades at a price-to-earnings ratio of 15.04, which is lower than the industry average of 29.11 and the broader sector average of 31.66.

This growth is further supported by an annual revenue increase of 80.48% in the last full financial year, reflecting the rapid execution of high-value infrastructure contracts.

Strategic Rationale for Migration

The migration to the Main Boards of BSE and NSE is expected to enhance the Company’s visibility, broaden its investor reach and support its long-term growth objectives and value creation for stakeholders.

What to watch next

• Finalization of Q2 and H1 FY27 financial results following the trading window closure that began October 1, 2026
• Execution milestones for the ₹1,153.93 crore Maharashtra solar PV project awarded in early October 2026
• Progress on the ₹9,000 crore project pipeline, including the 2 GW Andhra Pradesh IPP project

Bondada Engineering · financial snapshot

Share price	₹274.05
Market capitalisation	₹3,060.36 Cr
Revenue (annual)	₹2,842.80 Cr
Net profit (annual)	₹203.48 Cr
Revenue (latest quarter)	₹691.65 Cr-24.31% vs previous quarter
Net profit (latest quarter)	₹52.89 Cr-10.61% vs previous quarter
P/E (TTM)	15.04×Sector 31.66×
Promoter holding	61.52%0.00% QoQ
FII holding	0.44%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.