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Last Updated: April 2, 2026, 2:42 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 533303 | NSE: BFINVEST

BF Investment Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹412.92Undervalued by 19.00%vs CMP ₹347.00

P/E (7.9) × ROE (3.4%) × BV (₹1,880.00) × DY (2.00%)

₹630.99Undervalued by 81.84%vs CMP ₹347.00
MoS: +45% (Strong)Confidence: 53/100 (Moderate)Models: 6 Under, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹397.9923%Under (+14.7%)
Graham NumberEarnings₹1,359.1316%Under (+291.7%)
Earnings PowerEarnings₹624.8711%Under (+80.1%)
DCFCash Flow₹443.1114%Under (+27.7%)
Net Asset ValueAssets₹1,883.377%Under (+442.8%)
EV/EBITDAEnterprise₹178.699%Over (-48.5%)
Earnings YieldEarnings₹436.707%Under (+25.9%)
ROCE CapitalReturns₹43.957%Over (-87.3%)
Revenue MultipleRevenue₹25.135%Over (-92.8%)
Consensus (9 models)₹630.99100%Undervalued
Key Drivers: ROE 3.4% is below cost of equity. | Wide model spread (₹25–₹1,883) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -3.6%

*Investments are subject to market risks

Investment Snapshot

54
BF Investment Ltd scores 54/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 4.6% WeakROE 3.4% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 74.1% Stable
Earnings Quality55/100 · Moderate
OPM expanding (80% → 87%) ImprovingWorking capital: 147 days Capital intensive
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +29% YoY AcceleratingProfit (4Q): -84% YoY DecliningOPM: 86.0% (down 8.0% YoY) Margin pressure
Industry Rank55/100 · Moderate
P/E 7.9 vs industry 24.1 Cheaper than peersROCE 4.6% vs industry 12.5% Below peersROE 3.4% vs industry 13.7% Below peers3Y sales CAGR: 47% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:42 am

Market Cap 1,305 Cr.
Current Price 347
Intrinsic Value₹630.99
High / Low 562/315
Stock P/E7.94
Book Value 1,880
Dividend Yield0.00 %
ROCE4.62 %
ROE3.39 %
Face Value 5.00
PEG Ratio-2.20

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for BF Investment Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
BF Investment Ltd 1,305 Cr. 347 562/3157.94 1,8800.00 %4.62 %3.39 % 5.00
Abans Holdings Ltd 1,019 Cr. 201 270/1737.92 2330.00 %9.71 %10.2 % 2.00
Max India Ltd 741 Cr. 141 242/120 89.10.00 %23.6 %30.0 % 10.0
Choice International Ltd 14,263 Cr. 640 860/47468.2 54.90.00 %20.0 %19.6 % 10.0
IDFC Ltd 17,275 Cr. 108 /19.9 83.60.93 %8.49 %8.37 % 10.0
Industry Average56,762.86 Cr1,713.0024.061,273.510.29%12.46%13.71%6.86

All Competitor Stocks of BF Investment Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 1485615913819926919
Expenses 11311141103213
Operating Profit 1372514897179-5817
OPM % 94%89%34%86%93%93%71%92%94%95%-21%85%86%
Other Income 567115070796932523638104337
Interest 0000000000000
Depreciation 0000000000000
Profit before tax 68771527592773342435510-65153
Tax % 25%24%25%25%25%25%25%25%35%30%-40%25%25%
Net Profit 5159114566958250183367-33840
EPS in Rs 13.6215.6830.2914.9518.3915.3866.4348.489.561.86-0.8810.2110.61

Last Updated: January 2, 2026, 7:02 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 2:16 pm

MetricMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 9831,074111922162031436365
Expenses 9099983466466737
Operating Profit 747781416111626365628
OPM % 8%7%71%76%73%65%78%82%85%89%43%
Other Income 42184134214347248319543247190
Interest 20000000000
Depreciation 1615001111000
Profit before tax 5963192148230357264344579302218
Tax % 29%32%17%14%37%25%25%25%25%26%
Net Profit 132135160126144267198259434222164
EPS in Rs 35.0935.9242.4233.5738.3170.8952.5068.84115.1559.0143.67
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)2.27%18.52%-21.25%14.29%85.42%-25.84%30.81%67.57%-48.85%
Change in YoY Net Profit Growth (%)0.00%16.25%-39.77%35.54%71.13%-111.26%56.65%36.76%-116.42%

BF Investment Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:23%
3 Years:47%
TTM:44%
Compounded Profit Growth
10 Years:%
5 Years:9%
3 Years:4%
TTM:-86%
Stock Price CAGR
10 Years:14%
5 Years:9%
3 Years:13%
1 Year:-21%
Return on Equity
10 Years:%
5 Years:6%
3 Years:6%
Last Year:3%

Last Updated: September 5, 2025, 12:45 am

Balance Sheet

Last Updated: December 10, 2025, 2:27 am

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 1919191919191919191919
Reserves 9801,1252,4212,0331,6923,2794,0194,6716,1826,8817,064
Borrowings 100000000000
Other Liabilities 149174120135213294345418612700715
Total Liabilities 1,1591,3182,5592,1871,9243,5914,3825,1086,8147,6007,798
Fixed Assets 6573141414151615151414
CWIP 33000000000
Investments 6677702,4992,0861,7773,4244,1774,8386,4597,1287,270
Other Assets 4244724687133153189255340457513
Total Assets 1,1591,3182,5592,1871,9243,5914,3825,1086,8147,6007,798

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 051-2-25-3-66-0921
Cash from Investing Activity + -22-265301113-27718-49
Cash from Financing Activity + 36-600000000
Net Cash Flow 15193586-21727-28
Free Cash Flow -8441-2-24-3-66-0921
CFO/OP 23%95%-24%-168%-16%-9%110%79%93%98%

Free Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow64.0077.008.0014.0016.0011.0016.0026.0036.0056.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 616800000000
Inventory Days 2923
Days Payable 6572
Cash Conversion Cycle 262000000000
Working Capital Days 45506941,157412586465301203147
ROCE %6%11%7%12%14%7%8%11%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.13%74.13%74.13%74.13%74.13%74.13%74.13%74.13%74.13%74.13%74.13%74.13%
FIIs 1.32%1.34%1.44%1.53%1.55%1.70%0.75%0.77%0.74%0.75%0.66%0.66%
DIIs 0.44%0.44%0.44%0.44%0.01%0.01%0.01%0.22%0.22%0.02%0.28%0.14%
Public 24.12%24.08%23.99%23.91%24.31%24.15%25.10%24.87%24.92%25.12%24.93%25.06%
No. of Shareholders 21,53021,29320,78821,11422,91122,58924,21327,84028,89929,78829,34228,308

Shareholding Pattern Chart

No. of Shareholders

BF Investment Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 59.01115.1568.8452.5070.89
Diluted EPS (Rs.) 59.01115.1568.8452.5070.89
Cash EPS (Rs.) -6.50-28.81-15.64-13.30-20.96
Book Value[Excl.RevalReserv]/Share (Rs.) 1831.761646.301245.091071.92875.44
Book Value[Incl.RevalReserv]/Share (Rs.) 1831.761646.301245.091071.92875.44
Revenue From Operations / Share (Rs.) 16.4711.268.295.294.36
PBDIT / Share (Rs.) 14.749.716.794.152.94
PBIT / Share (Rs.) 14.639.576.643.982.76
PBT / Share (Rs.) 14.639.576.643.982.75
Net Profit / Share (Rs.) -6.61-28.95-15.80-13.47-21.14
NP After MI And SOA / Share (Rs.) 59.01115.1568.8452.5070.89
PBDIT Margin (%) 89.5386.1881.9678.4167.58
PBIT Margin (%) 88.8385.0180.1075.2363.27
PBT Margin (%) 88.8385.0180.1075.2363.24
Net Profit Margin (%) -40.16-256.99-190.69-254.44-485.32
NP After MI And SOA Margin (%) 358.361022.37830.87991.621627.25
Return on Networth / Equity (%) 3.226.995.524.898.09
Return on Capital Employeed (%) 0.720.520.480.340.28
Return On Assets (%) 2.926.365.074.507.42
Asset Turnover Ratio (%) 0.010.010.010.010.01
Current Ratio (X) 1841.852106.081887.483038.607124.44
Quick Ratio (X) 1841.852106.081887.483038.607124.44
Interest Coverage Ratio (X) 0.000.000.000.002218.00
Interest Coverage Ratio (Post Tax) (X) 0.000.000.000.00-15927.40
Enterprise Value (Cr.) 1428.751673.811305.97885.65938.97
EV / Net Operating Revenue (X) 23.0339.4541.8544.4157.22
EV / EBITDA (X) 25.7345.7851.0556.6484.67
MarketCap / Net Operating Revenue (X) 29.5446.2248.3551.4263.50
Price / BV (X) 0.260.310.320.250.31
Price / Net Operating Revenue (X) 29.5446.2248.3551.4263.51
EarningsYield 0.120.220.170.190.25

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

BF Investment Ltd. is a Public Limited Listed company incorporated on 26/05/2009 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L65993PN2009PLC134021 and registration number is 134021. Currently company belongs to the Industry of Holding Company. Company's Total Operating Revenue is Rs. 136.02 Cr. and Equity Capital is Rs. 18.83 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Holding CompanyMundhwa, Pune Maharashtra 411036Contact not found
Management
NamePosition Held
Mr. A B KalyaniChairman, Non Ind & Non Exe Director
Mr. B S MitkariNon Executive Director
Mr. S G JoglekarInd. Non-Executive Director
Mr. M U TakaleNon Exe.Non Ind.Director
Ms. A A SatheInd. Non-Executive Director
Mr. V S KulkarniInd. Non-Executive Director

FAQ

What is the intrinsic value of BF Investment Ltd and is it undervalued?

As of 14 April 2026, BF Investment Ltd's intrinsic value is ₹630.99, which is 81.84% higher than the current market price of ₹347.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (3.39 %), book value (₹1,880), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of BF Investment Ltd?

BF Investment Ltd is trading at ₹347.00 as of 14 April 2026, with a FY2026-2027 high of ₹562 and low of ₹315. The stock is currently near its 52-week low. Market cap stands at ₹1,305 Cr..

How does BF Investment Ltd's P/E ratio compare to its industry?

BF Investment Ltd has a P/E ratio of 7.94, which is below the industry average of 24.06. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is BF Investment Ltd financially healthy?

Key indicators for BF Investment Ltd: ROCE of 4.62 % is on the lower side compared to the industry average of 12.46%; ROE of 3.39 % is below ideal levels (industry average: 13.71%). Dividend yield is 0.00 %.

Is BF Investment Ltd profitable and how is the profit trend?

BF Investment Ltd reported a net profit of ₹222 Cr in Mar 2025 on revenue of ₹63 Cr. Compared to ₹198 Cr in Mar 2022, the net profit shows an improving trend.

Does BF Investment Ltd pay dividends?

BF Investment Ltd has a dividend yield of 0.00 % at the current price of ₹347.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in BF Investment Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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