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BF Utilities Ltd (BFUTILITIE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532430 NSE: BFUTILITIE Power Generation/Distribution | Small Cap | BF Utilities Share Price

₹622.20 44.75 (7.75%)

As on 12-Jun'26 16:59

BF Utilities Ltd (BFUTILITIE)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532430 NSE: BFUTILITIE Power Generation/Distribution | Small Cap | BF Utilities Share Price

₹622.20 44.75 (7.75%)

As on 12-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,344 Cr.
Current Price
₹622.2
52-Week Low / High
₹369 / 899
TTM EPS
₹0.6
TTM Sales
₹18.9 Cr.
Book Value per Share
₹44.2
P/E Ratio
1050.04
Higher than its 5-year historical median
Industry PE
29.2
Price to Book (P/B)
14.07
In line with its 5-year historical median
Price to Sales (P/S)
124.26
Higher than its 5-year historical median
EV/EBITDA
316.64
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
10.23%
Outperforms industry median
Return on Capital Employed (ROCE)
12.80%
Outperforms industry median
Return on Assets (ROA)
7.99%
Operating Profit Margin
-4.9%
Net Profit Margin
86.02%
Gross Profit Margin
119.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-4.23%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
58.47%
Asset Quality
Promoter Holding
56.72%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹148 Cr.
Equity
₹18.8 Cr.
Face Value
₹5
All Time Low / High
₹2.45 / 3395.00

BF Utilities stock performance

Key Ratios
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Check Before You Invest

Valuation

Fair

Price Trend

Strong
Q.1 Is BF Utilities Ltd a good quality company?
BF Utilities Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does BF Utilities Ltd performance compare with that of its Peers?
Q.1 Revenue growth of BF Utilities Ltd vs industry peers?
BF Utilities Ltd revenue CAGR is -0.71%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of BF Utilities Ltd?
Promoters hold 56.72% of the BF Utilities Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of BF Utilities Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 0.2% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
BF Utilities Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -0.2%9.2%12.1%18.6%1.9%-1.9%3.1%4.4%8.6%12.8%-
Value Creation
Index
-1.0-0.3-0.10.3-0.9-1.1-0.8-0.7-0.4-0.1-

Growth Parameters

Sales 10.421.314.917.819.314.618.41819.418.619
Sales YoY Gr.-104.1%-30.1%19.9%8.1%-24.2%26%-1.9%7.6%-4.2%-
Adj EPS -0.51.94.27.20.7-0.50.81.52.74.20.6
YoY Gr.-NA116%72.1%-90.7%-168.7%NA104%75.2%58.2%-
BVPS (₹) 41.122.626.83434.734.235.136.739.443.644.2
Adj Net
Profit
-27.315.827.22.5-1.72.85.810.1162
Cash Flow from Ops. 7.322.210.80.80.5-3.10.3-2.5-4.9-23.7-
Debt/CF from Ops. 22.52.84.345.263.5-8.165.8-7.6-2.7-0.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 6.7%-0.7%0.4%-4.2%
Adj EPS NA44.6%78.1%58.2%
BVPS0.7%4.7%7.5%10.8%
Share Price 1.9% 8.4% 18.5% -19.5%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-1.391723.72-1.32.24.3710.21.3
Op. Profit
Mgn %
30.265.224.15.412.6-12.61.2-5.9-9.2-4.9-38.3
Net Profit
Mgn %
-19.434.4106.3152.613.1-11.815.431.9528611.8
Debt to
Equity
1.10.70.50.30.20.20.20.10.10.10
Working Cap
Days
4,5661,0261,3931,0939721,136789793745961783
Cash Conv.
Cycle
-376-194-105-165-184-192-130-78-74-90520

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales5211518191518181919
Operating Expenses + 471117171618192119
Manufacturing Costs22477910101110
Material Costs0-000-000-0-00
Employee Cost 1112212222
Other Costs 1468866888
Operating Profit 214412-20-1-2-1
Operating Profit Margin (%) 30.2%65.2%24.1%5.3%12.5%-12.6%1.2%-5.9%-9.2%-4.9%
Other Income + 04183252791623
Exceptional Items 0000000000
Interest 0642110000
Depreciation 2444442111
Profit Before Tax -1814272-4571422
Tax 01-2-1-1-22146
Profit After Tax -1716273-2361016
PAT Margin (%) -19.4%34.4%106.5%152.6%13.1%-11.8%15.4%32.0%52.0%86.0%
Adjusted EPS (₹)-0.31.94.27.20.7-0.50.81.52.74.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of BF Utilities - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 7785101128131129132138148164
Share Capital 19191919191919191919
Reserves 596682109112110113119129145
Debt +71624629252220191311
Long Term Debt3921147410000
Short Term Debt32413322212120191311
Minority Interest0000000000
Trade Payables7688873333
Others Liabilities 56595252453230292929
Total Liabilities 210213206217208190185188193207

Fixed Assets

Net Fixed Assets +252218141075433
Gross Block118118118118118118118118118118
Accumulated Depreciation9396100104108111114114115115
CWIP 81100000000
Investments 114112111111111111111111111111
Inventories0000000000
Trade Receivables1922000000
Cash Equivalents 292340373230343935
Others Assets 60505350504039394058
Total Assets 210213206217208190185188193207

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 4221110-30-2-5-24
PBT -1814272-4571422
Adjustment 26-10-2512-4-8-15-22
Changes in Working Capital 21010-2-2-10-01-17
Tax Paid -0-2-31-00-0-1-4-5
Cash Flow From Investing Activity + -9-1-41023-3-341225
Capex -0-0-0-0-0-0-0-0-0-0
Net Investments -82-19-1920-5-5-4-43
Others 0-3152832281622
Cash Flow From Financing Activity + 6-14-13-12-6-4-4-2-6-3
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -1-1-2-2-000000
Dividend Paid 0000000000
Others 6-13-11-10-6-4-4-2-6-3
Net Cash Flow 17-6-217-9-7-11-1

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-1.38.9917.0223.731.95-1.322.164.277.0410.23
ROCE (%)-0.219.212.0918.581.87-1.893.134.398.6112.8
Asset Turnover Ratio0.020.10.070.080.090.070.10.10.10.09
PAT to CFO Conversion(x)N/A3.140.690.040N/A0-0.33-0.5-1.5
Working Capital Days
Receivable Days114.6083.90131.8035.8020.6000.60000
Inventory Days4.803.105.402.401.702.101.100.800.900.90
Payable Days0000000000

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

BF Utilities Ltd FAQs

The current trading price of BF Utilities on 12-Jun-2026 16:59 is ₹622.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Jun-2026 the market cap of BF Utilities stood at ₹2,343.7 Cr

The latest P/E ratio of BF Utilities as of 11-Jun-2026 is 1,050.

The latest P/B ratio of BF Utilities as of 11-Jun-2026 is 14.07.

The 52-week high of BF Utilities is ₹899.0 and the 52-week low is ₹369.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of BF Utilities is ₹18.86 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that BF Utilities Ltd is a below 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 Strong which suggest that the price of BF Utilities Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About BF Utilities Ltd

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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