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Last Updated: April 2, 2026, 2:42 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532430 | NSE: BFUTILITIE

BF Utilities Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹475.06Undervalued by 21.81%vs CMP ₹390.00

P/E (9.6) × ROE (113.0%) × BV (₹53.50) × DY (2.00%)

₹748.72Undervalued by 91.98%vs CMP ₹390.00
MoS: +47.9% (Strong)Confidence: 43/100 (Low)Models: 3 Under, 2 Fair, 4 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹996.0523%Under (+155.4%)
Graham NumberEarnings₹216.2817%Over (-44.5%)
Earnings PowerEarnings₹420.0511%Fair (+7.7%)
DCFCash Flow₹1,952.8111%Under (+400.7%)
Net Asset ValueAssets₹53.597%Over (-86.3%)
EV/EBITDAEnterprise₹1,580.699%Under (+305.3%)
Earnings YieldEarnings₹388.607%Fair (-0.4%)
ROCE CapitalReturns₹271.027%Over (-30.5%)
Revenue MultipleRevenue₹222.066%Over (-43.1%)
Consensus (9 models)₹748.72100%Undervalued
Key Drivers: EPS CAGR 109.7% lifts DCF — verify sustainability. | Wide model spread (₹54–₹1,953) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 109.7%

*Investments are subject to market risks

Investment Snapshot

66
BF Utilities Ltd scores 66/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health80/100 · Strong
ROCE 29.9% ExcellentROE 113.0% ExcellentD/E -6.86 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 56.7% Stable
Earnings Quality65/100 · Strong
OPM expanding (64% → 67%) Improving
Quarterly Momentum53/100 · Moderate
Revenue (4Q): -9% YoY DecliningProfit (4Q): +21% YoY PositiveOPM: 73.0% (up 12.0% YoY) Margin expansion
Industry Rank65/100 · Strong
P/E 9.6 vs industry 5.9 Premium to peersROCE 29.9% vs industry 19.7% Above peersROE 113.0% vs industry 63.7% Above peers3Y sales CAGR: 18% Moderate

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 1,470 Cr.
Current Price 390
Intrinsic Value₹748.72
High / Low 899/369
Stock P/E9.63
Book Value 53.5
Dividend Yield0.00 %
ROCE29.9 %
ROE113 %
Face Value 5.00
PEG Ratio0.09

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

View Share Price Target for BF Utilities Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
BF Utilities Ltd 1,470 Cr. 390 899/3699.63 53.50.00 %29.9 %113 % 5.00
Noida Toll Bridge Company Ltd 58.3 Cr. 3.13 5.65/2.762.13 1.710.00 %8.55 %14.3 % 10.0
MEP Infrastructure Developers Ltd 15.6 Cr. 0.85 2.90/0.85 21.70.00 %20.7 %% 10.0
Industry Average1,470.00 Cr131.335.8825.640.00%19.72%63.65%8.33

All Competitor Stocks of BF Utilities Ltd

Quarterly Result

MetricDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Sales 141178194161166232263218246242197221210
Expenses 3991544948110135699788465457
Operating Profit 10288141111118122129149149154152167153
OPM % 72%49%72%69%71%53%49%68%61%64%77%76%73%
Other Income 39151254555567
Interest 42404344455138363532323028
Depreciation 14131414151515161718181818
Profit before tax 49438558716180102101109108126114
Tax % 6%11%4%4%6%13%24%15%25%27%26%28%26%
Net Profit 46388155675361877680799184
EPS in Rs 6.005.679.947.148.497.438.0211.269.909.909.8110.389.20

Last Updated: May 31, 2025, 9:40 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 23, 2026, 6:00 am

MetricSep 2014Sep 2015Mar 2016n n n 6mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales 238519301336401448535370513759969837
Expenses 92145938599117238142193261389217
Operating Profit 146373209251301331297229320498581619
OPM % 61%72%69%75%75%74%55%62%62%66%60%74%
Other Income 8615811642321171925
Interest 240231194222208205214215183183142113
Depreciation 242823606352535755586670
Profit before tax -1101206-23418034-20103274392461
Tax % 1%-0%48%25%13%9%19%10%10%6%23%27%
Net Profit -1111213-29367227-2293257304338
EPS in Rs -13.8116.310.810.886.3810.195.23-0.6613.4833.0039.0938.86
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)224.14%100.00%-62.50%-181.48%522.73%176.34%18.29%11.18%
Change in YoY Net Profit Growth (%)0.00%-124.14%-162.50%-118.98%704.21%-346.38%-158.06%-7.10%

BF Utilities Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2017-2018 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:17%
5 Years:17%
3 Years:38%
TTM:-9%
Compounded Profit Growth
10 Years:17%
5 Years:27%
3 Years:253%
TTM:7%
Stock Price CAGR
10 Years:6%
5 Years:26%
3 Years:21%
1 Year:6%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

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

Balance Sheet

Last Updated: December 4, 2025, 1:02 am

MonthSep 2014Sep 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 191919191919191919191919
Reserves -299-247-247-334-311-283-240-242-190-11137183
Borrowings 1,9351,8551,8651,7231,6431,7561,7091,7151,6311,4821,298932
Other Liabilities 5956106024664915096836566908411,0701,294
Total Liabilities 2,2502,2372,2401,8741,8422,0002,1712,1472,1502,2322,4232,427
Fixed Assets 1,3241,2991,2871,2171,1551,1081,1621,1081,1241,0981,3541,291
CWIP 1591651615546444444531335478
Investments 32229239143198226161556266
Other Assets 736771764579632705767769813946953991
Total Assets 2,2502,2372,2401,8741,8422,0002,1712,1472,1502,2322,4232,427

Reserves and Borrowings Chart

Cash Flow

MonthSep 2014Sep 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 170331223254281405311202326436583540
Cash from Investing Activity + -1725-3012-24-158-83-7-60-40-245-45
Cash from Financing Activity + -182-352-191-259-265-249-222-197-283-354-338-487
Net Cash Flow -28427-8-25-2-174118
Free Cash Flow 121322223250278400204199246323340507
CFO/OP 120%90%108%102%98%118%109%92%105%91%104%95%

Free Cash Flow

MonthMar 2016n n n 6mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2014Sep 2015
Free Cash Flow209.00250.00300.00330.00296.00228.00319.00497.00580.00-313.00145.00372.00

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

MonthSep 2013Sep 2014Sep 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days 8121102200111
Inventory Days
Days Payable
Cash Conversion Cycle 8121102200111
Working Capital Days 28260901439137-33-54-67-42-54-33
ROCE %5%6%17%9%11%16%18%15%11%16%26%28%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 56.74%56.74%56.74%56.74%56.74%56.74%56.74%56.73%56.73%56.73%56.73%56.73%
FIIs 0.43%0.39%0.94%0.78%0.88%0.90%1.11%1.54%1.69%1.55%1.63%1.57%
DIIs 0.09%0.09%0.13%0.09%0.09%0.09%0.14%0.09%0.13%0.14%0.14%0.10%
Public 42.74%42.77%42.19%42.39%42.27%42.26%42.00%41.63%41.45%41.59%41.51%41.60%
No. of Shareholders 56,18655,18944,25946,04454,73057,03850,58851,11750,64050,31548,87648,542

Shareholding Pattern Chart

No. of Shareholders

BF Utilities 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.) 38.8939.1233.0313.49-5.87
Diluted EPS (Rs.) 38.8939.1233.0313.49-5.87
Cash EPS (Rs.) 108.3698.1083.5339.379.18
Book Value[Excl.RevalReserv]/Share (Rs.) 53.5114.70-24.3519.09-6.21
Book Value[Incl.RevalReserv]/Share (Rs.) 53.5114.70-24.3519.09-6.21
Revenue From Operations / Share (Rs.) 222.16257.33201.53136.2198.36
PBDIT / Share (Rs.) 171.03159.25136.7090.5766.90
PBIT / Share (Rs.) 152.36141.72121.3075.9351.86
PBT / Share (Rs.) 122.34104.0572.7127.37-5.32
Net Profit / Share (Rs.) 89.6980.5768.1424.73-5.87
NP After MI And SOA / Share (Rs.) 38.8939.1233.0313.49-0.65
PBDIT Margin (%) 76.9861.8867.8366.4968.01
PBIT Margin (%) 68.5855.0760.1955.7452.72
PBT Margin (%) 55.0640.4336.0820.09-5.41
Net Profit Margin (%) 40.3731.3133.8018.15-5.96
NP After MI And SOA Margin (%) 17.5015.2016.389.90-0.66
Return on Networth / Equity (%) 72.68266.18-135.66-29.690.00
Return on Capital Employeed (%) 28.0425.9824.6615.6810.81
Return On Assets (%) 6.036.075.562.36-0.11
Long Term Debt / Equity (X) 3.4619.96-13.80-8.25-6.76
Total Debt / Equity (X) 4.1421.84-15.29-8.90-6.86
Asset Turnover Ratio (%) 0.340.410.340.010.01
Current Ratio (X) 1.621.431.311.441.57
Quick Ratio (X) 0.910.770.720.750.93
Inventory Turnover Ratio (X) 3.230.000.000.000.00
Interest Coverage Ratio (X) 5.704.232.811.861.17
Interest Coverage Ratio (Post Tax) (X) 3.993.142.401.510.89
Enterprise Value (Cr.) 4304.904576.582845.052979.622692.14
EV / Net Operating Revenue (X) 5.144.723.755.817.27
EV / EBITDA (X) 6.687.635.538.7310.68
MarketCap / Net Operating Revenue (X) 3.382.991.472.262.50
Price / BV (X) 14.0552.44-12.20-6.79-4.15
Price / Net Operating Revenue (X) 3.382.991.472.262.50
EarningsYield 0.050.050.110.040.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

BF Utilities Ltd. is a Public Limited Listed company incorporated on 15/09/2000 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L40108PN2000PLC015323 and registration number is 015323. Currently company belongs to the Industry of Road Infrastructure. Company's Total Operating Revenue is Rs. 18.58 Cr. and Equity Capital is Rs. 18.83 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Road InfrastructureMundhwa, Pune Maharashtra 411036Contact not found
Management
NamePosition Held
Mr. A B KalyaniChairman & Non-Exe.Director
Mr. B S MitkariWhole Time Director
Mr. S K AdivarekarInd. Non-Executive Director
Mr. J K HemadeInd. Non-Executive Director
Mr. M U TakaleNon Exe.Non Ind.Director

FAQ

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

As of 17 April 2026, BF Utilities Ltd's intrinsic value is ₹748.72, which is 91.98% higher than the current market price of ₹390.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (113 %), book value (₹53.5), dividend yield (0.00 %), and 5-year EPS CAGR.

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

BF Utilities Ltd is trading at ₹390.00 as of 17 April 2026, with a FY2026-2027 high of ₹899 and low of ₹369. The stock is currently near its 52-week low. Market cap stands at ₹1,470 Cr..

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

BF Utilities Ltd has a P/E ratio of 9.63, which is above the industry average of 5.88. The premium over industry average may reflect growth expectations or speculative interest.

Is BF Utilities Ltd financially healthy?

Key indicators for BF Utilities Ltd: ROCE of 29.9 % indicates efficient capital utilization; ROE of 113 % shows strong shareholder returns. Dividend yield is 0.00 %.

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

BF Utilities Ltd reported a net profit of ₹338 Cr in Mar 2025 on revenue of ₹837 Cr. Compared to ₹93 Cr in Mar 2022, the net profit shows an improving trend.

Does BF Utilities Ltd pay dividends?

BF Utilities Ltd has a dividend yield of 0.00 % at the current price of ₹390.00. 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 Utilities 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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