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Last Updated on: 17 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 533303 | NSE: BFINVEST

BF Investment Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 15, 2024, 3:49 pm

Market Cap 2,736 Cr.
Current Price 727
High / Low829/493
Stock P/E5.19
Book Value 2,119
Dividend Yield0.00 %
ROCE10.6 %
ROE7.96 %
Face Value 5.00
PEG Ratio0.33

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

View Share Price Target for BF Investment Ltd

Competitors of BF Investment Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Choice International Ltd 10,503 Cr. 527540/21568.5 31.20.00 %25.0 %23.8 % 10.0
Abans Holdings Ltd 1,860 Cr. 368625/26021.0 1990.00 %9.23 %9.30 % 2.00
Max India Ltd 1,054 Cr. 244338/134 1030.00 %7.69 %10.7 % 10.0
BF Investment Ltd 2,736 Cr. 727829/4935.19 2,1190.00 %10.6 %7.96 % 5.00
Bajaj Holdings & Investment Ltd 1,20,751 Cr. 10,85011,350/7,21016.3 5,3751.21 %13.1 %14.8 % 10.0
Industry Average66,454.17 Cr2,392.6728.361,375.870.21%12.89%13.64%6.33

All Competitor Stocks of BF Investment Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales5672414856159138
Expenses1112111311141
Operating Profit556041372514897
OPM %89%84%91%1%88%94%89%34%86%93%93%71%92%
Other Income414845115435671150707969325236
Interest0000000000000
Depreciation0000000000000
Profit before tax455351115476877152759277334243
Tax %27%23%25%25%25%25%24%25%25%25%25%25%25%
Net Profit33403886355159114566958250183
EPS in Rs8.8210.7410.1222.829.2513.6215.6830.2914.9518.3915.3866.4348.48

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales9831,0741119221620314344
Expenses90999834664666
Operating Profit7477814161116263638
OPM %8%7%71%76%73%65%78%82%85%86%
Other Income42184134214347248319543709
Interest2000000000
Depreciation161500111100
Profit before tax5963192148230357264344579746
Tax %29%32%17%14%37%25%25%25%25%
Net Profit132135160126144267198259434560
EPS in Rs35.0935.9242.4233.5738.3170.8952.5068.84115.15148.68
Dividend Payout %0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)2.27%18.52%-21.25%14.29%85.42%-25.84%30.81%67.57%
Change in YoY Net Profit Growth (%)0.00%16.25%-39.77%35.54%71.13%-111.26%56.65%36.76%

BF Investment Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2016-2017 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:18%
3 Years:38%
TTM:44%
Compounded Profit Growth
10 Years:%
5 Years:28%
3 Years:18%
TTM:76%
Stock Price CAGR
10 Years:20%
5 Years:17%
3 Years:29%
1 Year:43%
Return on Equity
10 Years:%
5 Years:7%
3 Years:7%
Last Year:8%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:36 am

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital19191919191919191919
Reserves9801,1252,4212,0331,6923,2794,0194,6716,1827,962
Borrowings10000000000
Other Liabilities149174120135213294345418612793
Total Liabilities1,1591,3182,5592,1871,9243,5914,3825,1086,8148,774
Fixed Assets65731414141516151515
CWIP3300000000
Investments6677702,4992,0861,7773,4244,1774,8386,4598,360
Other Assets4244724687133153189255340399
Total Assets1,1591,3182,5592,1871,9243,5914,3825,1086,8148,774

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +051-2-25-3-66-09
Cash from Investing Activity +-22-265301113-27718
Cash from Financing Activity +36-60000000
Net Cash Flow15193586-21727

Free Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow64.0077.008.0014.0016.0011.0016.0026.0036.00

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 2024
Debtor Days61680000000
Inventory Days2923
Days Payable6572
Cash Conversion Cycle26200000000
Working Capital Days49506941,157412586465301203
ROCE %6%11%7%12%14%7%8%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters74.13%74.13%74.13%74.13%74.13%74.13%74.13%74.13%74.13%74.13%74.13%74.13%
FIIs1.10%1.18%1.17%1.19%1.26%1.32%1.34%1.44%1.53%1.55%1.70%0.75%
DIIs0.43%0.44%0.44%0.44%0.44%0.44%0.44%0.44%0.44%0.01%0.01%0.01%
Public24.33%24.25%24.26%24.24%24.17%24.12%24.08%23.99%23.91%24.31%24.15%25.10%
No. of Shareholders20,91320,78720,67120,88220,77221,53021,29320,78821,11422,91122,58924,213

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)115.1568.8452.5070.8938.32
Diluted EPS (Rs.)115.1568.8452.5070.8938.32
Cash EPS (Rs.)-28.81-15.64-13.30-20.96-19.34
Book Value[Excl.RevalReserv]/Share (Rs.)1646.301245.091071.92875.44454.23
Book Value[Incl.RevalReserv]/Share (Rs.)1646.301245.091071.92875.44454.23
Revenue From Operations / Share (Rs.)11.268.295.294.365.87
PBDIT / Share (Rs.)9.716.794.152.944.30
PBIT / Share (Rs.)9.576.643.982.764.10
PBT / Share (Rs.)9.576.643.982.753.13
Net Profit / Share (Rs.)-28.95-15.80-13.47-21.14-19.54
NP After MI And SOA / Share (Rs.)115.1568.8452.5070.8938.31
PBDIT Margin (%)86.1881.9678.4167.5873.27
PBIT Margin (%)85.0180.1075.2363.2769.85
PBT Margin (%)85.0180.1075.2363.2453.38
Net Profit Margin (%)-256.99-190.69-254.44-485.32-332.93
NP After MI And SOA Margin (%)1022.37830.87991.621627.25652.66
Return on Networth / Equity (%)6.995.524.898.098.43
Return on Capital Employeed (%)0.520.480.340.280.80
Return On Assets (%)6.365.074.507.427.47
Asset Turnover Ratio (%)0.010.010.010.010.04
Current Ratio (X)2106.081887.483038.607124.441168.82
Quick Ratio (X)2106.081887.483038.607124.441168.82
Interest Coverage Ratio (X)0.000.000.002218.00274.64
Interest Coverage Ratio (Post Tax) (X)0.000.000.00-15927.40-1186.14
Enterprise Value (Cr.)1673.811305.97885.65938.97775.70
EV / Net Operating Revenue (X)39.4541.8544.4157.2235.08
EV / EBITDA (X)45.7851.0556.6484.6747.87
MarketCap / Net Operating Revenue (X)46.2248.3551.4263.5038.99
Price / BV (X)0.310.320.250.310.50
Price / Net Operating Revenue (X)46.2248.3551.4263.5138.99
EarningsYield0.220.170.190.250.16

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of BF Investment Ltd as of November 17, 2024 is: 892.92

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 17, 2024, BF Investment Ltd is Undervalued by 22.82% compared to the current share price 727.00

Intrinsic Value of BF Investment Ltd as of November 17, 2024 is: 1,035.49

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 17, 2024, BF Investment Ltd is Undervalued by 42.43% compared to the current share price 727.00

Last 5 Year EPS CAGR: 15.97%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (3,436.40 cr) compared to borrowings (1.00 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (119.00 cr) and profit (298.20 cr) over the years.
  1. The stock has a low average ROCE of 8.44%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 306.78, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 5.11, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in BF Investment Ltd:
    1. Net Profit Margin: -256.99%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 0.52% (Industry Average ROCE: 12.89%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 6.99% (Industry Average ROE: 13.64%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 2106.08
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 5.19 (Industry average Stock P/E: 28.36)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

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 Finance & Investments. Company’s Total Operating Revenue is Rs. 52.59 Cr. and Equity Capital is Rs. 18.83 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Holding CompanyMundhwa, Pune Maharashtra 411036secretarial@bfilpune.com
http://www.bfilpune.com
Management
NamePosition Held
Mr. A B KalyaniChairman
Mr. B S MitkariNon Executive Director
Mr. M U TakaleNon Exe.Non Ind.Director
Mr. S G JoglekarInd. Non-Executive Director
Mr. V S KulkarniInd. Non-Executive Director
Ms. A A SatheInd. Non-Executive Director

FAQ

What is the latest intrinsic value of BF Investment Ltd?

The latest intrinsic value of BF Investment Ltd as on 17 November 2024 is ₹892.92, which is 22.82% higher than the current market price of ₹727.00.

What is the Market Cap of BF Investment Ltd?

The Market Cap of BF Investment Ltd is 2,736 Cr..

What is the current Stock Price of BF Investment Ltd as on 17 November 2024?

The current stock price of BF Investment Ltd as on 17 November 2024 is ₹727.

What is the High / Low of BF Investment Ltd stocks in FY 2024?

In FY 2024, the High / Low of BF Investment Ltd stocks is 829/493.

What is the Stock P/E of BF Investment Ltd?

The Stock P/E of BF Investment Ltd is 5.19.

What is the Book Value of BF Investment Ltd?

The Book Value of BF Investment Ltd is 2,119.

What is the Dividend Yield of BF Investment Ltd?

The Dividend Yield of BF Investment Ltd is 0.00 %.

What is the ROCE of BF Investment Ltd?

The ROCE of BF Investment Ltd is 10.6 %.

What is the ROE of BF Investment Ltd?

The ROE of BF Investment Ltd is 7.96 %.

What is the Face Value of BF Investment Ltd?

The Face Value of BF Investment Ltd is 5.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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