Bondada Engineering Limited (BONDADA.BO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-802.1%

-₹1,923.78

vs ₹274.00 price

Levered DCF

-₹648.64

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

3.02

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	17.24×	38.11×	37.05×	14.18×	23.38×	25.79×
P/B	3.56×	9.55×	10.21×	3.03×	4.11×	4.98×
P/S	1.28×	2.71×	2.07×	0.64×	0.71×	0.83×
EV / EBITDA	10.47×	24.23×	23.35×	10.61×	13.88×	16.23×
Gross margin	28.7%	50.2%	33.2%	9.6%	6.5%	6.9%
Operating margin	11.5%	10.9%	8.6%	7.8%	5.5%	5.1%
Net margin	7.4%	7.1%	5.6%	4.5%	3.0%	3.2%
Current ratio	1.38×	1.46×	1.42×	1.4×	1.48×	1.36×
Debt / equity	0.42×	0.41×	0.39×	1.07×	0.66×	0.98×
Interest coverage	7.03×	6.89×	7.73×	5.15×	5.24×	3.78×
Dividend yield	0.0%	0.0%	0.0%	0.1%	0.0%	0.0%
Payout ratio	0.8%	0.3%	0.4%	1.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	20.6%	25.1%	27.6%	21.4%	17.5%	19.3%
Return on invested capital	15.9%	19.0%	20.7%	12.9%	13.1%	12.0%
Return on assets	7.0%	9.4%	8.9%	6.7%	6.4%	5.4%
Free cash flow yield	2.1%	-4.8%	1.6%	-15.2%	3.8%	-4.0%
Earnings yield	5.8%	2.6%	2.7%	7.0%	4.3%	3.9%
Enterprise value	₹25B	₹44.4B	₹16.7B	₹3.2B	₹2.7B	₹2.8B
Net debt / EBITDA	0.13×	0.97×	0.17×	2.75×	1.86×	2.45×
Cash conversion cycle (days)	189	143	98	144	107	135