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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

₹442.55 -4.50 (-1.01%)

As on 09-Nov'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

₹442.55 -4.50 (-1.01%)

As on 09-Nov'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,667 Cr.
Current Price
₹442.6
52-Week Low / High
₹369 / 728
TTM EPS
₹36.5
TTM Sales
₹948 Cr.
Book Value per Share
₹93.4
P/E Ratio
12.13
Lower than its 5-year historical median
Industry PE
24.2
Price to Book (P/B)
4.74
Lower than its 5-year historical median
Price to Sales (P/S)
1.76
Lower than its 5-year historical median
EV/EBITDA
3.00
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
122.96%
Outperforms industry median
Return on Capital Employed (ROCE)
51.70%
Outperforms industry median
Return on Assets (ROA)
13.34%
Outperforms industry median
Operating Profit Margin
66.5%
Outperforms industry median
Net Profit Margin
35.88%
Outperforms industry median
Gross Profit Margin
62.8%
Outperforms industry median
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Steady versus 3-year growth rate
1.51%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
1.74%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
0.67%
Asset Quality
Promoter Holding
56.72%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹333 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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Quality

Very Good
Check detailed performance

Valuation

Somewhat Undervalued

Check Valuation charts

Price Trend

Weak
Check Price chart
Q.1 Is BF Utilities Ltd a good quality company?
BF Utilities Ltd is a good quality company, based on a consistently good 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.

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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.

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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 20.67%, compared to the industry median CAGR of 3.92%, indicating faster growth and gaining 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 -1% based on the current price.
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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 performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ9.2%12.1%18.6%1.9%-1.9%3.1%4.4%8.6%12.8%3.4%-
Value Creation
Index ⓘ		-0.3-0.10.3-0.9-1.1-0.8-0.7-0.4-0.1-0.8-

Growth Parameters ⓘ
Sales ⓘ21.314.917.819.314.618.41819.418.618.918
Sales YoY Gr.--30.1%19.9%8.1%-24.2%26%-1.9%7.6%-4.2%1.5%-
Adj EPS ⓘ1.94.27.20.7-0.50.81.52.74.20.8-3.6
YoY Gr.-116%72.1%-90.7%-168.7%NA104%75.2%58.2%-82.1%-
BVPS (₹) ⓘ22.626.83434.734.235.136.739.443.644.242.2
Adj Net
Profit ⓘ		7.315.827.22.5-1.72.85.810.1162.9-14
Cash Flow from Ops. ⓘ22.210.80.80.5-3.10.3-2.5-4.9-23.7-11.5-
Debt/CF from Ops. ⓘ2.84.345.263.5-8.165.8-7.6-2.7-0.40-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ-1.3%5.3%1.5%1.5%
Adj EPS ⓘ-9.9%NA-20.8%-82.1%
BVPSⓘ7.8%5.3%6.5%1.4%
Share Price -1.2% -0% -10.3% -34.9%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		91723.72-1.32.24.3710.21.7-8.3
Op. Profit
Mgn % ⓘ		65.224.15.412.6-12.61.2-5.9-9.2-4.9-38.3-88.8
Net Profit
Mgn % ⓘ		34.4106.3152.613.1-11.815.431.9528615.2-77.3
Debt to
Equity ⓘ		0.70.50.30.20.20.20.10.10.100
Working Cap
Days ⓘ		1,0261,3931,0939721,136789793745961978789
Cash Conv.
Cycle ⓘ		-194-105-165-184-192-130-78-74-90-101541

Valuation of BF Utilities - Consolidated

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!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales336401448535371513759969837948
Operating Expenses ⓘ + 86100117238142194262390217318
Manufacturing Costs1824331435710816327684114
Material Costs000-000-0-000
Employee Cost 41475157545359697675
Other Costs ⓘ 262932383134404557129
Operating Profit ⓘ 250301331297229319498579619630
Operating Profit Margin (%) 74.5%75.1%73.8%55.4%61.7%62.1%65.5%59.8%74.0%66.5%
Other Income ⓘ + 8112129232217212544
Exceptional Items ⓘ 00-15-2500000-1
Interest ⓘ 22220820521421518318314211379
Depreciation ⓘ 60635253575558667097
Profit Before Tax ⓘ -23418034-20103274392461497
Tax ⓘ 65862101788123157
Profit After Tax -29367227-2293257304338340
PAT Margin (%) -8.7%9.0%16.1%5.1%-6.0%18.2%33.8%31.3%40.4%35.9%
Adjusted EPS (₹)0.96.410.25.2-0.713.533.039.138.936.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + -315-292-265-221-223-171-9255202352
Share Capital ⓘ 18.8318.8318.8318.8318.8318.8318.8318.8318.8318.83
Reserves ⓘ -334-311-283-240-242-190-11137183333
Debt +1,7231,6431,6831,6411,6231,5361,3631,206805594
Long Term Debt1,6771,5801,6611,6201,6021,5171,3441,193795594
Short Term Debt4663222121201913110
Minority Interest190194205219200243422572754956
Trade Payables21285650464736383542
Others Liabilities ⓘ 255270319482500493504552631730
Total Liabilities ⓘ 1,8741,8421,9982,1712,1462,1472,2322,4232,4272,674

Fixed Assets

Net Fixed Assets ⓘ +1,2171,1551,1081,1611,1081,1241,0981,3541,2911,340
Gross Block1,4261,4271,3891,4951,4971,5681,5571,8771,8641,982
Accumulated Depreciation209272281333389444459523573642
CWIP ⓘ 554644444453133547819
Investments ⓘ 239143198226161556266148
Inventories172172171223223225224245273300
Trade Receivables10221012463
Cash Equivalents 326983625853176195212388
Others Assets ⓘ 366389447481486531544509500475
Total Assets ⓘ 1,8741,8421,9982,1712,1462,1472,2322,4232,4272,674
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 254281405311202326436583540637
PBT ⓘ -23418034-20103274392461497
Adjustment ⓘ 275262246247251220228194163196
Changes in Working Capital ⓘ 4-66443-1914-4620-3794
Tax Paid ⓘ -2-1516-13-10-10-19-23-47-150
Cash Flow From Investing Activity ⓘ + 12-24-158-83-7-60-40-245-45-366
Capex -113-2-5-106-3-79-113-243-33-112
Net Investments 15-23-15619-81767-16-27-258
Others ⓘ 11113443514154
Cash Flow From Financing Activity ⓘ + -259-265-249-222-197-283-354-338-487-255
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ -54-73113-42000000
Interest Paid ⓘ -209-190-200-206-191-169-235-147-108-79
Dividend Paid ⓘ 0-10-20000-3-6-8-5
Others ⓘ 38-14226-5-114-116-185-371-171
Net Cash Flow ⓘ 7-8-25-2-17411817
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/A0263122.96
ROCE (%)N/AN/AN/AN/AN/AN/AN/A38.9646.1951.7
Asset Turnover Ratio0.160.220.230.260.170.240.350.420.350.37
PAT to CFO Conversion(x)N/A7.815.6311.52N/A3.511.71.921.61.87
Working Capital Days
Receivable Days5.705.301.700.900.500.500.7012.201.70
Inventory Days186.60156.30139.70134.60219.90159.40107.9088.30112.90110.30
Payable Days0000000000

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Annual reports

No annual reports available.

Concalls

No concalls available.

BF Utilities Ltd FAQs

The current trading price of BF Utilities on 09-Nov-2026 16:59 is ₹442.6.

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 08-Nov-2026 the market cap of BF Utilities stood at ₹1,667 Cr

The latest P/E ratio of BF Utilities as of 08-Nov-2026 is 0.00.

The latest P/B ratio of BF Utilities as of 08-Nov-2026 is 10.48.

The 52-week high of BF Utilities is ₹728.0 and the 52-week low is ₹369.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of BF Utilities is ₹17.50 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that BF Utilities Ltd is a good quality company.

The key valuation ratios of BF Utilities Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of BF Utilities Ltd is likely to Fall 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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