BF Utilities
BFUTILITIE NSE
BF Utilities
TransportNSE: BFUTILITIE BSE: 532430 Toll Road Assets
Key Fundamentals
MicrocapToll Road AssetsTransportMarket Cap
₹2,000 Cr
Volatility
Moderate
P/E Ratio
-222.1
EBITDA
₹644 Cr
Return on Equity
35.35%
Debt to Equity
0
Book Value
₹44.23
52W High
₹898.7
52W Low
₹368.7
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company has reduced debt.
- Company is almost debt free.
Weaknesses
5- Stock is trading at 12.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 5.27% over past five years.
- Company has a low return on equity of 6.15% over last 3 years.
Growth Rate
Revenue Growth
-12.83% lower than
3Y
Net Income Growth
11.3% higher than
3Y
Cash Flow Change
-7.42% lower than
3Y
ROE
-26.98% lower than
3Y
ROCE
7.97% lower than
3Y
EBITDA Margin (Avg.)
23.2% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.36 | 10.29 | 1.37 | 2.38 | 5.45 | 8.92 | 1.84 | 2.37 | 5.77 | 7.97 | 3.46 | 1.67 | 5.88 |
| Expenses | 5.76 | 9.15 | 2.77 | 3.51 | 5.38 | 8.13 | 3.05 | 2.93 | 7.8 | 6.3 | 4.97 | 7.02 | 11.47 |
| Operating Profit | -0.4 | 1.14 | -1.4 | -1.13 | 0.07 | 0.79 | -1.21 | -0.56 | -2.03 | 1.67 | -1.51 | -5.35 | -5.59 |
| OPM % | -7.46% | 11.08% | -102.19% | -47.48% | 1.28% | 8.86% | -65.76% | -23.63% | -35.18% | 20.95% | -43.64% | -320.36% | -95.07% |
| Other Income | 0.49 | 0.55 | 0.6 | 14.55 | 19.55 | 1.54 | 1.02 | 0.99 | 11.49 | 1.07 | -1.1 | 2.14 | 0.72 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.16 | 0.14 | 0.14 |
| PBT | -0.09 | 1.51 | -0.98 | 13.24 | 19.44 | 2.16 | -0.36 | 0.26 | 9.29 | 2.57 | -2.77 | -3.35 | -5.01 |
| Tax % | -55.56% | 3.31% | -26.53% | 29.23% | 9.98% | 144.91% | 72.22% | 73.08% | 30.89% | 30.74% | -15.88% | 8.66% | 0.4% |
| Net Profit | -0.04 | 1.47 | -0.72 | 9.38 | 17.5 | -0.97 | -0.62 | 0.07 | 6.42 | 1.79 | -2.33 | -3.64 | -5.03 |
| EPS in Rs | -0.01 | 0.39 | -0.19 | 2.49 | 4.64 | -0.26 | -0.16 | 0.02 | 1.7 | 0.47 | -0.62 | -0.97 | -1.33 |
Profit & Loss
| Particulars | Sep 2015 | Mar 2016 6m | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 19.07 | 5.21 | 21.25 | 14.85 | 17.81 | 19.25 | 14.59 | 18.38 | 18.03 | 19.4 | 18.58 | 18.86 | 18.98 |
| Expenses | 8.62 | 3.63 | 7.41 | 11.27 | 16.85 | 16.83 | 16.42 | 18.16 | 19.09 | 21.19 | 19.49 | 26.08 | 29.76 |
| Operating Profit | 10.45 | 1.58 | 13.84 | 3.58 | 0.96 | 2.42 | -1.83 | 0.22 | -1.06 | -1.79 | -0.91 | -7.22 | -10.78 |
| OPM % | 54.8% | 30.33% | 65.13% | 24.11% | 5.39% | 12.57% | -12.54% | 1.2% | -5.88% | -9.23% | -4.9% | -38.28% | -56.8% |
| Other Income | 4.24 | 0.04 | 4.1 | 18.4 | 31.94 | 4.51 | 2.43 | 6.6 | 8.58 | 16.19 | 23.1 | 13.59 | 2.83 |
| Interest | 5.61 | 0.41 | 5.85 | 3.57 | 2.45 | 1.09 | 0.56 | 0.21 | 0.04 | 0 | 0 | 0 | 0 |
| Depreciation | 4.79 | 1.94 | 3.87 | 3.86 | 3.86 | 3.87 | 3.57 | 2.02 | 0.71 | 0.71 | 0.68 | 0.64 | 0.61 |
| PBT | 4.29 | -0.73 | 8.22 | 14.55 | 26.59 | 1.97 | -3.53 | 4.59 | 6.77 | 13.69 | 21.51 | 5.73 | -8.56 |
| Tax % | -23.78% | 38.36% | 11.19% | -8.73% | -2.22% | -27.92% | -51.27% | 38.34% | 14.62% | 26.3% | 25.66% | 61.08% | — |
| Net Profit | 5.31 | -1.01 | 7.3 | 15.82 | 27.17 | 2.52 | -1.72 | 2.83 | 5.77 | 10.09 | 15.99 | 2.23 | -9.21 |
| EPS in Rs | 1.41 | -0.27 | 1.94 | 4.2 | 7.21 | 0.67 | -0.46 | 0.75 | 1.53 | 2.68 | 4.24 | 0.59 | -2.45 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Sep 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 18.83 | 18.83 | 18.83 | 18.83 | 18.83 | 18.83 | 18.83 | 18.83 | 18.83 | 18.83 | 18.83 | 18.83 |
| Reserves | 59.58 | 58.57 | 66.13 | 82.08 | 109 | 112 | 110 | 113 | 119 | 129 | 145 | 148 |
| Borrowings | 75.39 | 81.89 | 62.33 | 46.41 | 36.99 | 30.17 | 24.93 | 20.92 | 18.63 | 13 | 10.5 | 0.08 |
| Other Liabilities | 53.25 | 46.08 | 65.65 | 59.17 | 52.17 | 47.8 | 37.48 | 33.21 | 33.21 | 33.89 | 33.71 | 35.32 |
| Total Liabilities | 207 | 205 | 213 | 206 | 217 | 208 | 191 | 186 | 190 | 195 | 209 | 202 |
| Fixed Assets | 27.41 | 25.48 | 21.62 | 17.76 | 13.93 | 10.1 | 6.54 | 4.54 | 3.84 | 3.15 | 2.52 | 1.96 |
| CWIP | 7.44 | 7.82 | 11.19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 106 | 114 | 112 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 |
| Other Assets | 66.57 | 58.07 | 67.7 | 77.58 | 92.44 | 87.87 | 74.21 | 70.8 | 75.26 | 81.09 | 94.94 | 88.91 |
| Total Assets | 207 | 205 | 213 | 206 | 217 | 208 | 191 | 186 | 190 | 195 | 209 | 202 |
Cash Flow
| Particulars | Sep 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 7.17 | 3.64 | 22.18 | 10.77 | 0.82 | 0.48 | -3.07 | 0.32 | -2.45 | -4.87 | -23.68 | -11.45 |
| Investing | 28.91 | -8.73 | -1.32 | -3.96 | 9.66 | 22.59 | -2.64 | -2.83 | 3.82 | 11.53 | 24.95 | 21.71 |
| Financing | -36.84 | 5.62 | -14.3 | -13.05 | -12.16 | -6.17 | -3.77 | -4.22 | -2.32 | -5.63 | -2.5 | -10.5 |
| Net Cash Flow | -0.75 | 0.52 | 6.55 | -6.24 | -1.68 | 16.89 | -9.47 | -6.74 | -0.95 | 1.03 | -1.23 | -0.24 |
| Free Cash Flow | 2.29 | 3.26 | 18.79 | 11.39 | 0.79 | 0.43 | -3.07 | 0.3 | -2.46 | -4.89 | -23.74 | -11.45 |
| CFO/OP | 69 | 232 | 177 | 390 | -3 | 38 | 171 | 255 | 100 | 63 | 2,000 | 118 |
Ratios
| Particulars | Sep 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 49.19 | 49.04 | 156 | 41.05 | 37.3 | 6.64 | 0 | 0.6 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 49.19 | 49.04 | 156 | 41.05 | 37.3 | 6.64 | 0 | 0.6 | 0 | 0 | 0 | 0 |
| Working Capital Days | -1,085 | -4,624 | -1,335 | -1,780 | -1,337 | -1,160 | -952 | -620 | -577 | -435 | -393 | -183 |
| ROCE % | 2.73% | -0.19% | 9.2% | 12.09% | 18.59% | 1.88% | -1.89% | 3.13% | 4.38% | 8.61% | 12.8% | 3.88% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view BF Utilities insights
56 extracted metrics + investor summaries across FY12–FY26.
Documents
1
Regulation 30 Of SEBI LODR
11 Sep - NSE levied Rs. 1,53,400 fine for delayed Q1 FY27 consolidated results; company paid on September 11, 2026. 11 Sep - NSE levied Rs. 1,53,400 fine for delayed Q1 FY27 consolidated results; company paid on September 11, 2026.
2
Clarification sought from BF Utilities Ltd
14 Jul - Exchange has sought clarification from BF Utilities Ltd on July 14, 2026, with reference to Movement in Volume. 14 Jul - Exchange has sought clarification from BF Utilities Ltd on July 14, 2026, with reference to Movement in Volume.
4
Announcement under Regulation 30 (LODR)-Change in Management
7 May - Members approved Mrs. Mugdha Rajesh Vartak’s appointment as Independent Director from March 17, 2026. 7 May - Members approved Mrs. Mugdha Rajesh Vartak’s appointment as Independent Director from March 17, 2026.
5
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
6 May - Postal ballot on appointing Mrs. Mugdha Rajesh Vartak as Independent Director; results due May 8, 2026. 6 May - Postal ballot on appointing Mrs. Mugdha Rajesh Vartak as Independent Director; results due May 8, 2026.
5
Extension Of Time For Holding Annual General Meeting For The Financial Year Ended March 31 2026 20 Aug 2026
General_Announcements
Frequently Asked Questions about BF Utilities
What does BF Utilities Ltd do?
Incorporated in 2000, BF Utilities Ltd is engaged in the generation of electricity through wind mills and Infrastructure activities. [1]
Where is BF Utilities Ltd (BFUTILITIE) listed?
BF Utilities Ltd trades as BFUTILITIE on the NSE and under code 532430 on the BSE.
Which sector does BF Utilities Ltd belong to?
BF Utilities Ltd is classified under the Transport sector, in the Toll Road Assets industry.
What is the market capitalisation of BF Utilities Ltd?
BF Utilities Ltd has a market capitalisation of ₹2,000 Cr, which places it in the Small Cap band.
What is the PE ratio of BF Utilities Ltd?
BF Utilities Ltd trades at a PE ratio of -222.10, against a book value of ₹44.23 per share.
What is the 52-week high and low of BF Utilities Ltd?
Over the last 52 weeks BF Utilities Ltd has traded between ₹368.7 and ₹898.7.
What is the Return on Equity (ROE) of BF Utilities Ltd?
BF Utilities Ltd reported a return on equity of 35.35%. Its debt-to-equity ratio is 0.00.
Company Information
Incorporated in 2000, BF Utilities Ltd is engaged in the generation of electricity through wind mills and Infrastructure activities. [1]
Website bfutilities.com
CEO Mr. Bhalchandra Shankar Mitkari
Employees 7
Listed 2001-06-16
Face Value ₹ 5
Issued Size 3,76,67,628
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