---
title: "Baffin Engineering Projects Ltd (532161) — Share Price, Financials & Analysis"
symbol: "532161"
company: "Baffin Engineering Projects Ltd"
canonical: "https://tapetide.com/stocks/532161"
isin: "INE786D01036"
bse_code: "532161"
sector: "Industrials"
industry: "Construction"
generated_at: "2026-09-13T19:39:23.184Z"
---

# Baffin Engineering Projects Ltd (532161)

Canonical page: https://tapetide.com/stocks/532161

## Company

- **BSE Code:** 532161
- **ISIN:** INE786D01036
- **Sector:** Industrials
- **Industry:** Construction
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** baffin.co.in

## About

Baffin Engineering Projects Ltd. manufactures and distributes telecommunication equipment. The company has tie ups with BSNL, Siemens, Airtel, MTNL, IDEA, Onida, Orange Hutch and Tata Telecom.

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 0% | -3% | 3% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Jun 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.01 | 0.02 | 0.02 | 0.01 | 0 | 0 | 0 | 0 | 0.13 | 0.12 | 0.12 | 0.12 |
| Operating Profit | -0.01 | -0.02 | -0.02 | -0.01 | 0 | 0 | 0 | 0 | -0.13 | -0.12 | -0.12 | -0.12 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0.01 | -0.02 | -0.02 | -0.01 | 0 | 0 | 0 | 0 | -0.13 | -0.12 | -0.12 | -0.12 |
| Tax % | 0 | 0 | 0 | 0 | — | — | — | — | 0 | 0 | 0 | 0 |
| Net Profit | -0.02 | -0.02 | -0.02 | -0.01 | -0.01 | 0 | 0 | 0 | -0.13 | -0.12 | -0.12 | -0.13 |
| EPS in Rs | -0.01 | -0.01 | -0.01 | 0 | 0 | 0 | 0 | 0 | -0.06 | -0.06 | -0.06 | -0.06 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Apr 2007 13m | Apr 2008 | Apr 2009 | Apr 2010 | Mar 2012 | Mar 2013 | Mar 2014 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2.15 | 1.71 | 7.49 | 1.43 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 2.11 | 1.82 | 7.61 | 1.64 | 0.06 | 0.27 | 0.11 | 0.1 | 0.49 |
| Operating Profit | 0.04 | -0.11 | -0.12 | -0.21 | -0.06 | -0.27 | -0.11 | -0.1 | -0.49 |
| OPM % | 1.86 | -6.43 | -1.6 | -14.69 | — | — | — | — | — |
| Other Income | 0 | 0 | -9.16 | 0.03 | 0 | 0 | 0.01 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.05 | 0.04 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0 |
| Profit before tax | -0.01 | -0.15 | -9.3 | -0.2 | -0.08 | -0.3 | -0.12 | -0.12 | -0.49 |
| Tax % | 0 | -26.67 | 0 | 0 | 37.5 | 0 | 0 | 0 | — |
| Net Profit | -0.01 | -0.11 | -9.3 | -0.2 | -0.11 | -0.3 | -0.12 | -0.12 | -0.5 |
| EPS in Rs | — | — | — | — | — | -0.15 | -0.06 | -0.06 | -0.24 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Apr 2007 | Apr 2008 | Apr 2009 | Apr 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 10 | 10 | 10 | 10 | 10 | 2 | 2 | 2 | 2 |
| Reserves | 0.06 | -0.02 | -9.32 | -9.53 | -9.64 | -2.26 | -2.37 | -2.5 | -3.09 |
| Borrowings | 0.06 | 0 | 1.58 | 0 | 0 | 0 | 0 | 0 | 0.2 |
| Other Liabilities | 16.65 | 0.78 | 7.53 | 6.07 | 6.08 | 0.66 | 1.11 | 1.13 | 0.93 |
| Total Liabilities | 26.77 | 10.76 | 9.79 | 6.54 | 6.44 | 0.4 | 0.74 | 0.63 | 0.04 |
| Fixed Assets | 0.27 | 0.23 | 0.11 | 0.09 | 0.08 | 0.13 | 0.11 | 0.07 | 0 |
| CWIP | 4.25 | 4.25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 16.45 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 5.8 | 6.28 | 9.68 | 6.45 | 6.36 | 0.27 | 0.63 | 0.56 | 0.04 |
| Total Assets | 26.77 | 10.76 | 9.79 | 6.54 | 6.44 | 0.4 | 0.74 | 0.63 | 0.04 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Apr 2007 | Apr 2008 | Apr 2009 | Apr 2010 | Mar 2012 | Mar 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -0.07 | -16.37 | -3.74 | 1 | -0.02 | — | 0.39 | 0.05 |
| Cash from Investing Activity | 0 | 16.45 | 4.34 | 0 | 0 | — | 0 | 0.02 |
| Cash from Financing Activity | 0.06 | -0.06 | 0 | -1.58 | 0 | — | -0.4 | 0 |
| Net Cash Flow | -0.01 | 0.02 | 0.6 | -0.58 | -0.02 | — | -0.01 | 0.07 |
| Free Cash Flow | -0.07 | -16.37 | -3.74 | 1 | -0.02 | — | 0.39 | 0.07 |
| CFO/OP | -175 | 14882 | 3117 | -476 | 33 | — | -355 | -50 |

### Ratios

| Item | Mar 2006 | Apr 2007 | Apr 2008 | Apr 2009 | Apr 2010 | Mar 2012 | Mar 2013 | Mar 2014 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 120.53 | 251.87 | 425.91 | 1587.62 | — | — | — | — |
| Inventory Days | 0 | 0 | 3.91 | 0 | — | — | — | — |
| Days Payable | — | — | 367.93 | — | — | — | — | — |
| Cash Conversion Cycle | 120.53 | 251.87 | 61.89 | 1587.62 | — | — | — | — |
| Working Capital Days | -1886.12 | 1114.21 | 63.35 | 38.29 | — | — | — | — |
| ROCE % | — | -1.49 | -2.29 | -14.65 | -19.28 | -600 | — | — |

## Shareholding Pattern

### annual

| Category | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Sep 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 67.95% | 64.1% | 63.04% | 24.01% | 24.01% | 24.01% | 24.01% |
| FIIs | 0% | 6.33% | 5.35% | 0.01% | 0% | 0% | 0% |
| DIIs | 1.39% | 0.35% | 0.64% | 0.1% | 0.08% | 0.08% | 0.08% |
| Public | 30.65% | 29.22% | 30.97% | 75.88% | 75.9% | 75.9% | 75.9% |
| No. of Shareholders | 29117 | 31175 | 54994 | 110572 | 104969 | 102715 | 102671 |

### Quarterly

| Category | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 24.01% | 24.01% | 24.01% | 24.01% | 24.01% | 24.01% | 24.01% | 24.01% | 24.01% | 24.01% | 24.01% | 24.01% |
| FIIs | 0.1% | 0.01% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0.09% | 0.1% | 0.09% | 0.09% | 0.11% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% |
| Public | 75.8% | 75.88% | 75.9% | 75.9% | 75.87% | 75.9% | 75.9% | 75.9% | 75.9% | 75.9% | 75.9% | 75.9% |
| No. of Shareholders | 110387 | 110572 | 107296 | 107864 | 107273 | 104969 | 105788 | 104975 | 102951 | 102715 | 102701 | 102671 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 6 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 0.3 | Buy |
| EMA (10) | 0.31 | Buy |
| SMA (20) | 0.29 | Buy |
| EMA (20) | 0.3 | Buy |
| SMA (50) | 0.3 | Buy |
| EMA (50) | 0.3 | Buy |
| SMA (100) | 0.31 | Buy |
| EMA (100) | 0.31 | Buy |
| SMA (200) | 0.35 | Sell |
| EMA (200) | 0.35 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 65.47 | Neutral |
| MACD (12,26,9) | 0.01 | Buy |
| Stochastic (14,3,3) | 91.67 | Sell |
| ADX (14) | 20.4 | Neutral |
| Williams %R (14) | -25 | Neutral |
| ATR (14) | 0.01 | High Volatility |
| ROC (12) | 18.52 | Buy |
| Stoch RSI (14) | 76.82 | Neutral |
| UO (7,14,28) | 68.27 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 25 Jan 2022 - In furtherance to our earlier communique dated January 19, 2022, whereby it was intimated, inter alia, that as per the order dated December 21, 2021 … | [Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015 25 Jan 2022 - In furtherance to our earlier communique dated January 19, 2022, whereby it was intimated, inter alia, that as per the order dated December 21, 2021 …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a8a26781-84bf-4598-aa27-d2a4f5286632.pdf) |
| 25 Jan 2022 - As per the order dated December 21, 2021 by Hon'ble Adjudicating Authority, National Company Law Tribunal (NCLT), the successful bidder viz. Sarda Mines Private Limited … | [Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015 25 Jan 2022 - As per the order dated December 21, 2021 by Hon'ble Adjudicating Authority, National Company Law Tribunal (NCLT), the successful bidder viz. Sarda Mines Private Limited …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6ca4a395-7614-4346-837c-c2b128384169.pdf) |
| 19 Jan 2022 - The Hon''ble NCLT vide order dated 21st December 2021 directed the Successful Bidder to pay the balance consideration to the tune of INR 116 Crores … | [Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015 19 Jan 2022 - The Hon''ble NCLT vide order dated 21st December 2021 directed the Successful Bidder to pay the balance consideration to the tune of INR 116 Crores …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cf6e50e1-7e0a-4bdd-af24-2d072505a384.pdf) |
| 13 Nov 2018 - National Company Law Tribunal, Ahmedabad bench vide its order dated October 25, 2018 ordered for commencement of Corporate Insolvency Process against Company Baffin Engineering Projects … | [Intimation of Initiation of Corporate Insolvency Resolution process against company 13 Nov 2018 - National Company Law Tribunal, Ahmedabad bench vide its order dated October 25, 2018 ordered for commencement of Corporate Insolvency Process against Company Baffin Engineering Projects …](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=35C3E895_D2ED_4F0D_8823_55B2DB8792E3_160458.pdf) |
| 13 Nov 2018 - National Company Law Tribunal, Ahmedabad bench vide its order dated October 25, 2018 ordered for commencement of Corporate Insolvency Process against Company Baffin Engineering Projects … | [Intimation of Initiation of Corporate Insolvency Resolution process against company 13 Nov 2018 - National Company Law Tribunal, Ahmedabad bench vide its order dated October 25, 2018 ordered for commencement of Corporate Insolvency Process against Company Baffin Engineering Projects …](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/35C3E895_D2ED_4F0D_8823_55B2DB8792E3_160458.pdf) |
| 13 Jan 2022 - Depositories and Participants) Regulations, 2018, please find enclosed a copy of the certificate for the quarter ended as on 31st December, 2021 as received from … | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Jan 2022 - Depositories and Participants) Regulations, 2018, please find enclosed a copy of the certificate for the quarter ended as on 31st December, 2021 as received from …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6a265114-1ffd-4096-9b71-b1d2864dfc81.pdf) |
| — | [Intimation about the Dissolution of Baffin Engineering Projects Ltd ("the Company") 15 Feb 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/476D98BB-0B3C-4901-9DA5-DC549A1884DE-113855.pdf) |
| — | [Intimation of commencement of Liquidation Process and appointment of Liquidator 16 Aug 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C6F8C8BE_3328_4053_A516_AC312AAAA002_102335.pdf) |
| — | [Intimation of commencement of Liquidation Process and appointment of Liquidator 16 Aug 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/C6F8C8BE_3328_4053_A516_AC312AAAA002_102335.pdf) |
| — | [Financial Results For The Quarter Ended On 31-12-2017. 2 Sep 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=91e6b08d-9ea4-4d98-84f2-f7ecc0d6ace2.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2021-02-15 | [Intimation about the Dissolution of Baffin Engineering Projects Ltd (the Company)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=476D98BB-0B3C-4901-9DA5-DC549A1884DE-113855.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/531882/67481531882_21_12_20.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/531882/5318820319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/531882/5318820318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/531882/5318820317.pdf) |
| from bse | [Financial Year 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/531882/5318820316.pdf) |
| from bse | [Financial Year 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport/531882/5318820315.pdf) |
| from bse | [Financial Year 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport/531882/5318820314.pdf) |
| from bse | [Financial Year 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/531882/5318820313.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport/532161/5321610313.pdf) |
| from bse | [Financial Year 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport/531882/5318820312.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2016 | [Concall - Sep 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2C2202D9_F19D_4FDE_A3B6_F35C7A830542_125051.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/9ea63210-1bc5-415b-b1af-e0e60abc1688.pdf) |
| May 2018 | [Concall - May 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/9d978d29-4c3e-475c-8dad-64570a8f8f05.pdf) |
| May 2017 | [Concall - May 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/5/62940c8a-334d-4dd7-88a2-c83724f499f7.pdf) |
| Feb 2018 | [Concall - Feb 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/2/2ad5b943-2731-4a98-bdb0-6458225c46cc.pdf) |
| Feb 2017 | [Concall - Feb 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8A9C6900_DAFF_4D60_9058_41F43B392397_165018.pdf) |
| Dec 2016 | [Concall - Dec 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=701B7A69_36E4_42AB_808B_4B9CD98F0AD6_145347.pdf) |
| Aug 2017 | [Concall - Aug 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/8/ce81b023-8c91-4a8e-bcd4-d1b134140220.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:39:23.184Z.