BSE: 532430 | NSE: BFUTILITIE | Power Generation/Distribution | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that BF Utilities Ltd is a average quality company.
The key valuation ratios of BF Utilities Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of BF Utilities Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Sep'14 | Sep'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 3.1% | 3.8% | -0.5% | 7.4% | 12.4% | 18.5% | 2% | -0.8% | 1.9% | 3.7% | - |
| Value Creation Index ⓘ | -0.8 | -0.7 | -1.0 | -0.5 | -0.1 | 0.3 | -0.9 | -1.1 | -0.9 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 22.7 | 19.1 | 10.4 | 21.3 | 14.9 | 17.8 | 19.3 | 14.6 | 18.4 | 18 | 19 |
| Sales YoY Gr. | - | -16.1% | -45.4% | 104.1% | -30.1% | 19.9% | 8.1% | -24.2% | 26% | -1.9% | - |
| Adj EPS ⓘ | 0.3 | 0.7 | -0.5 | 1.9 | 4.2 | 7.2 | 0.7 | -0.5 | 0.8 | 1.5 | -0.1 |
| YoY Gr. | - | 91.2% | -183.1% | NA | 116% | 72.1% | -90.7% | -168.7% | NA | 104% | - |
| BVPS (₹) ⓘ | 19.4 | 20.8 | 41.1 | 22.6 | 26.8 | 34 | 34.7 | 34.2 | 35.1 | 36.7 | 36.9 |
| Adj Net Profit ⓘ | 1.3 | 2.5 | -2 | 7.3 | 15.8 | 27.2 | 2.5 | -1.7 | 2.8 | 5.8 | 0 |
| Cash Flow from Ops. ⓘ | 6.8 | 7.2 | 7.3 | 22.2 | 10.8 | 0.8 | 0.5 | -3.1 | 0.3 | -2.5 | - |
| Debt/CF from Ops. ⓘ | 15.7 | 10.5 | 22.5 | 2.8 | 4.3 | 45.2 | 63.5 | -8.1 | 65.8 | -7.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -2.5% | 4% | -2.2% | -1.9% | ||||
| Adj EPS ⓘ | 18.2% | -18.3% | 31.7% | 104% | ||||
| BVPSⓘ | 7.3% | 6.5% | 1.9% | 4.4% | ||||
| Share Price | 1.9% | 30.2% | 48% | 131.1% | ||||
Performance Ratio Colour Code Guide ⓘ
| Sep'14 | Sep'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1.8 | 3.2 | -1.3 | 9 | 17 | 23.7 | 2 | -1.3 | 2.2 | 4.3 | -0.2 |
| Op. Profit Mgn % ⓘ | 51.1 | 54.8 | 30.2 | 65.2 | 24.1 | 5.4 | 12.6 | -12.6 | 1.2 | -5.9 | -9.1 |
| Net Profit Mgn % ⓘ | 5.6 | 12.9 | -19.4 | 34.4 | 106.3 | 152.6 | 13.1 | -11.8 | 15.4 | 31.9 | -1.6 |
| Debt to Equity ⓘ | 1.5 | 1 | 1.1 | 0.7 | 0.5 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 | - |
| Working Cap Days ⓘ | 1,161 | 1,322 | 4,566 | 1,026 | 1,393 | 1,093 | 972 | 1,136 | 789 | 793 | 486 |
| Cash Conv. Cycle ⓘ | -66 | -149 | -376 | -194 | -105 | -165 | -184 | -192 | -130 | -78 | 79 |
Net Profit is growing at healthy rate in last 3 years 31.69%
Return on Equity is Poor
Sales growth has been subdued in last 3 years -2.16%
Sales growth is not so good in last 4 quarters at -13.65%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0.1 | 36.7 |
| TTM Sales (₹ Cr.) | 19.1 | 959 |
| BVPS (₹.) ⓘ | 36.9 | 35.1 |
| Reserves (₹ Cr.) ⓘ | 120 | 113 |
| P/BV ⓘ | 20.93 | 22.01 |
| PE ⓘ | 0.00 | 21.05 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 316.95 / 978.00 |
| All Time Low / High (₹) | 2.45 / 3395.00 |
| Market Cap (₹ Cr.) | 2,905 |
| Equity (₹ Cr.) | 18.8 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 22 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Sep'14 | Sep'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 23 | 19 | 5 | 21 | 15 | 18 | 19 | 15 | 18 | 18 |
| Operating Expenses ⓘ | 11 | 9 | 4 | 7 | 11 | 17 | 17 | 16 | 18 | 19 |
| Manufacturing Costs | 8 | 5 | 2 | 2 | 4 | 7 | 7 | 9 | 10 | 10 |
| Material Costs | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Employee Cost | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 2 |
| Other Costs ⓘ | 2 | 2 | 1 | 4 | 6 | 8 | 8 | 6 | 6 | 8 |
| Operating Profit ⓘ | 12 | 10 | 2 | 14 | 4 | 1 | 2 | -2 | 0 | -1 |
| Operating Profit Margin (%) | 51.1% | 54.8% | 30.2% | 65.2% | 24.1% | 5.3% | 12.5% | -12.6% | 1.2% | -5.9% |
| Other Income ⓘ | 2 | 0 | 0 | 4 | 18 | 32 | 5 | 2 | 7 | 9 |
| Interest ⓘ | 6 | 6 | 0 | 6 | 4 | 2 | 1 | 1 | 0 | 0 |
| Depreciation ⓘ | 6 | 5 | 2 | 4 | 4 | 4 | 4 | 4 | 2 | 1 |
| Exceptional Items ⓘ | 0 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 4 | -1 | 8 | 14 | 27 | 2 | -4 | 5 | 7 |
| Tax ⓘ | 0 | -1 | 0 | 1 | -2 | -1 | -1 | -2 | 2 | 1 |
| Profit After Tax | 1 | 5 | -1 | 7 | 16 | 27 | 3 | -2 | 3 | 6 |
| PAT Margin (%) | 5.7% | 27.9% | -19.4% | 34.4% | 106.5% | 152.6% | 13.1% | -11.8% | 15.4% | 32.0% |
| Adjusted EPS (₹) | 0.3 | 1.4 | -0.3 | 1.9 | 4.2 | 7.2 | 0.7 | -0.5 | 0.8 | 1.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Sep'14 | Sep'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 73 | 78 | 77 | 85 | 101 | 128 | 131 | 129 | 132 | 138 |
| Share Capital ⓘ | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves ⓘ | 54 | 60 | 59 | 66 | 82 | 109 | 112 | 110 | 113 | 119 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 95 | 64 | 71 | 62 | 46 | 29 | 25 | 22 | 20 | 19 |
| Long Term Debt | 80 | 39 | 39 | 21 | 14 | 7 | 4 | 1 | 0 | 0 |
| Short Term Debt | 15 | 25 | 32 | 41 | 33 | 22 | 21 | 21 | 20 | 19 |
| Trade Payables | 5 | 6 | 7 | 6 | 8 | 8 | 8 | 7 | 3 | 3 |
| Others Liabilities ⓘ | 67 | 64 | 56 | 59 | 52 | 52 | 45 | 32 | 30 | 29 |
| Total Liabilities ⓘ | 241 | 212 | 210 | 213 | 206 | 217 | 208 | 190 | 185 | 188 |
Fixed Assets | ||||||||||
| Gross Block | 118 | 118 | 118 | 118 | 118 | 118 | 118 | 118 | 118 | 118 |
| Accumulated Depreciation | 86 | 91 | 93 | 96 | 100 | 104 | 108 | 111 | 114 | 114 |
| Net Fixed Assetsⓘ | 32 | 27 | 25 | 22 | 18 | 14 | 10 | 7 | 5 | 4 |
| CWIP ⓘ | 3 | 7 | 8 | 11 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 135 | 106 | 114 | 112 | 111 | 111 | 111 | 111 | 111 | 111 |
| Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Receivables | 0 | 3 | 1 | 9 | 2 | 2 | 0 | 0 | 0 | 0 |
| Cash Equivalents | 2 | 2 | 2 | 9 | 23 | 40 | 37 | 32 | 30 | 34 |
| Others Assetsⓘ | 68 | 67 | 60 | 50 | 53 | 50 | 50 | 40 | 39 | 39 |
| Total Assets ⓘ | 241 | 212 | 210 | 213 | 206 | 217 | 208 | 190 | 185 | 188 |
| PARTICULARS | Sep'14 | Sep'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 7 | 7 | 4 | 22 | 11 | 1 | 0 | -3 | 0 | -2 |
| PBT ⓘ | 1 | 4 | -1 | 8 | 14 | 27 | 2 | -4 | 5 | 7 |
| Adjustment ⓘ | 10 | 6 | 2 | 6 | -10 | -25 | 1 | 2 | -4 | -8 |
| Changes in Working Capital ⓘ | -3 | -3 | 2 | 10 | 10 | -2 | -2 | -1 | 0 | -0 |
| Tax Paid ⓘ | -2 | 0 | 0 | -2 | -3 | 1 | 0 | 0 | 0 | -1 |
| Cash Flow From Investing Activity ⓘ | -12 | 29 | -9 | -1 | -4 | 10 | 23 | -3 | -3 | 4 |
| Capex | -3 | -5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Investments | -31 | 30 | -8 | 2 | -19 | -19 | 20 | -5 | -5 | -4 |
| Others ⓘ | 22 | 4 | 0 | -3 | 15 | 28 | 3 | 2 | 2 | 8 |
| Cash Flow From Financing Activityⓘ | 5 | -37 | 6 | -14 | -13 | -12 | -6 | -4 | -4 | -2 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -5 | -6 | -1 | -1 | -2 | -2 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 10 | -31 | 6 | -13 | -11 | -10 | -6 | -4 | -4 | -2 |
| Net Cash Flow ⓘ | 0 | -1 | 1 | 7 | -6 | -2 | 17 | -9 | -7 | -1 |
| PARTICULARS | Sep'14 | Sep'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.78 | 7.01 | -1.3 | 8.99 | 17.02 | 23.73 | 1.95 | -1.32 | 2.16 | 4.27 |
| ROCE (%) | 4.14 | 5.94 | -0.21 | 9.2 | 12.09 | 18.58 | 1.87 | -1.89 | 3.13 | 4.39 |
| Asset Turnover Ratio | 0.1 | 0.08 | 0.02 | 0.1 | 0.07 | 0.08 | 0.09 | 0.07 | 0.1 | 0.1 |
| PAT to CFO Conversion(x) | 7 | 1.4 | N/A | 3.14 | 0.69 | 0.04 | 0 | N/A | 0 | -0.33 | Working Capital Days |
| Receivable Days | 35 | 25 | 115 | 84 | 132 | 36 | 21 | 0 | 1 | 0 |
| Inventory Days | 1 | 1 | 5 | 3 | 5 | 2 | 2 | 2 | 1 | 1 |
| Payable Days | 0 | 3,072 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BF Utilities Ltd. (BFUL) was incorporated on September 15, 2000 under the Companies Act, 1956 in the State of Maharashtra. The company was born out of a scheme of demerger with Bharat Forge Limited (BFL). The Scheme of Arrangement was approved by the High Court of Judicature at Bombay on January 17, 2001. Under the said Scheme, the Investments (listed as well as unlisted) and Wind Mills Division of the BFL were demerged and transferred to the Company, effective from March 1, 2001.
As per the Scheme, the Company allotted on June 16, 2001, one fully paid Equity Share of the Company of Rs 5 (free of cost) to the shareholders of BFL for one fully paid Equity Share of Rs.10 of BFL held on the Record Date i.e. April 16, 2001.
BF Utilities Ltd. is a part of Kalyani Group. The company earlier operated in two business segments - Infrastructure Business and Investment Business. It has undergone business restructuring by way of a Composite Scheme of Arrangement. Under the said business restructuring, the Infrastructure Business has remained with BFUL and Investment Business has been transferred to BF Investment Ltd.
Business area of the company
The company is engaged in the generation of electricity through wind mills and Infrastructure activities.
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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