BKV Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹0.70Overvalued by 92.27%vs CMP ₹9.05

P/E (15.0) × ROE (2.1%) × BV (₹2.76) × DY (2.00%)

Defaults: P/E=15

₹1.21Overvalued by 86.63%vs CMP ₹9.05

MoS: -647.9% (Negative)Confidence: 58/100 (Moderate)Models: All 5: Overvalued

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹0.68	33%	Over (-92.5%)
Earnings Power	Earnings	₹0.84	20%	Over (-90.7%)
Net Asset Value	Assets	₹2.76	20%	Over (-69.5%)
ROCE Capital	Returns	₹1.26	13%	Over (-86.1%)
Revenue Multiple	Revenue	₹0.78	15%	Over (-91.4%)
Consensus (5 models)		₹1.21	100%	Overvalued

Key Drivers: ROE 2.1% is below cost of equity. | Wide model spread (₹1–₹3) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -2.8% · Defaults: P/E=15

*Investments are subject to market risks

Analysis summary

Data coverage: Price-data record updated 24 September 2026, 4:33 am +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Operating performance

Revenue for Mar 2025 was ₹0.80 Cr, versus ₹0.80 Cr in Mar 2024 (0.0% year on year). Net profit for Mar 2025 was ₹0.00 Cr, versus ₹0.18 Cr in Mar 2024 (-100.0% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹0.01 Cr against net profit of ₹0.00 Cr.A cash-to-profit ratio is not meaningful with zero or negative profit.

Balance-sheet check

Reported borrowings were ₹0.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

BKV Industries Ltd scores 54/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health62/100 · Moderate

ROCE 1.8% WeakROE 2.1% WeakD/E 0.00 Low debtInterest Coverage 3.2x AdequateProfitable 4/5 available years Reported history

Smart Money50/100 · Moderate

FII holding stable No changePromoter holding at 70.0% Stable

Earnings Quality75/100 · Strong

CFO/NP ratio: 0.98x Cash-backed earningsOPM contracting (25% → 9%) DecliningWorking capital: -64 days (improving) Efficient

Quarterly Momentum40/100 · Moderate

Revenue (4Q): 0% YoY FlatProfit (4Q): -333% YoY Declining

Industry Rank25/100 · Weak

ROCE 1.8% vs industry 6.1% Below peersROE 2.1% vs industry 4.8% Below peers3Y sales CAGR: 5% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

Share Price and Basic Stock Data

Last Updated: September 24, 2026, 4:33 am

Market Cap	14.0 Cr.
Current Price	9.05
Intrinsic Value	₹1.22
High / Low	12.8/7.36
Stock P/E
Book Value	2.76
Dividend Yield	0.00 %
ROCE	1.83 %
ROE	2.06 %
Face Value	1.00
PEG Ratio	0.00

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for BKV Industries Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
BKV Industries Ltd	14.0 Cr.	9.05	12.8/7.36		2.76	0.00 %	1.83 %	2.06 %	1.00
Apex Frozen Foods Ltd	1,129 Cr.	362	514/219	22.8	169	0.69 %	10.4 %	7.60 %	10.0
Industry Average	1,129.00 Cr	185.53		22.80	85.88	0.35%	6.12%	4.83%	5.50

All Competitor Stocks of BKV Industries Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	0.19	0.24	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20
Expenses	0.14	0.17	0.14	0.18	0.14	0.18	0.18	0.27	0.17	0.21	0.22	0.30	0.17
Operating Profit	0.05	0.07	0.06	0.02	0.06	0.02	0.02	-0.07	0.03	-0.01	-0.02	-0.10	0.03
OPM %	26.32%	29.17%	30.00%	10.00%	30.00%	10.00%	10.00%	-35.00%	15.00%	-5.00%	-10.00%	-50.00%	15.00%
Other Income	0.00	0.00	0.00	0.01	0.01	0.01	0.00	0.01	0.01	0.01	0.00	0.01	0.01
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.05	0.07	0.06	0.03	0.07	0.03	0.02	-0.06	0.04	0.00	-0.02	-0.09	0.04
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%		0.00%	0.00%	0.00%
Net Profit	0.05	0.07	0.06	0.03	0.07	0.03	0.02	-0.06	0.04	0.00	-0.02	-0.09	0.04
EPS in Rs	0.03	0.05	0.04	0.02	0.05	0.02	0.01	-0.04	0.03	0.00	-0.01	-0.06	0.03

Last Updated: March 3, 2026, 11:44 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 4:03 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.37	0.27	0.29	0.30	0.32	0.33	0.35	0.62	0.70	0.80	0.80	0.80	0.80
Expenses	0.40	0.26	0.33	0.30	0.32	0.56	0.45	0.42	0.54	0.59	0.63	0.82	0.90
Operating Profit	-0.03	0.01	-0.04	0.00	0.00	-0.23	-0.10	0.20	0.16	0.21	0.17	-0.02	-0.10
OPM %	-8.11%	3.70%	-13.79%	0.00%	0.00%	-69.70%	-28.57%	32.26%	22.86%	26.25%	21.25%	-2.50%	-12.50%
Other Income	0.05	0.00	0.04	0.01	0.02	0.01	0.04	0.02	0.01	0.01	0.02	0.03	0.03
Interest	0.00	0.00	0.00	0.00	0.01	0.00	0.03	0.01	0.00	0.00	0.00	0.00	0.00
Depreciation	0.03	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00
Profit before tax	-0.01	0.00	-0.01	0.00	0.00	-0.23	-0.10	0.20	0.16	0.21	0.19	0.01	-0.07
Tax %	0.00%		0.00%			0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit	-0.01	0.00	-0.01	0.00	0.00	-0.23	-0.10	0.20	0.17	0.22	0.18	0.00	-0.07
EPS in Rs	-0.01	0.00	-0.01	0.00	0.00	-0.15	-0.06	0.13	0.11	0.14	0.12	0.00	-0.04
Dividend Payout %	0.00%		0.00%			0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2016-2017	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	100.00%	100.00%	56.52%	300.00%	-15.00%	29.41%	-18.18%	-100.00%
Change in YoY Net Profit Growth (%)	0.00%	0.00%	-43.48%	243.48%	-315.00%	44.41%	-47.59%	-81.82%

BKV Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	11%
5 Years:	18%
3 Years:	5%
TTM:	0%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-127%

Stock Price CAGR
10 Years:	10%
5 Years:	29%
3 Years:	4%
1 Year:	-25%

Return on Equity
10 Years:	1%
5 Years:	4%
3 Years:	3%
Last Year:	0%

Last Updated: September 5, 2025, 2:41 pm

Balance Sheet

Last Updated: May 28, 2026, 3:00 am

Month	Mar 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	1.54	1.54	1.54	1.54	1.54	1.54	1.54	1.54	1.54	1.54	1.54	1.54
Reserves	-1.31	-1.32	1.77	2.44	2.20	2.08	2.37	2.54	2.74	2.93	2.94	2.73
Borrowings	0.07	0.06	0.05	0.05	0.27	0.38	0.08	0.04	0.00	0.00	0.00	0.00
Other Liabilities	0.17	0.18	0.22	0.25	0.32	0.32	0.36	0.26	0.28	0.25	0.31	0.51
Total Liabilities	0.47	0.46	3.58	4.28	4.33	4.32	4.35	4.38	4.56	4.72	4.79	4.78
Fixed Assets	0.37	0.35	3.46	4.16	4.15	4.14	4.13	4.13	4.21	4.21	4.21	4.21
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.08	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	0.10	0.11	0.12	0.12	0.18	0.18	0.22	0.17	0.35	0.51	0.58	0.57
Total Assets	0.47	0.46	3.58	4.28	4.33	4.32	4.35	4.38	4.56	4.72	4.79	4.78

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	0.04	-0.03	-0.01	0.05	-0.22	-0.10	0.38	0.02	0.23	0.15	0.01	-0.03
Cash from Investing Activity +	-0.00	0.04	-0.00	-0.05	-0.00	0.04	0.02	-0.07	-0.00	0.02	0.03	0.02
Cash from Financing Activity +	-0.07	-0.02	0.02	-0.01	0.22	0.08	-0.32	-0.04	-0.04	-0.00	-0.00	-0.00
Net Cash Flow	-0.02	-0.00	-0.00	-0.01	-0.00	0.02	0.08	-0.09	0.20	0.17	0.04	-0.00
Free Cash Flow	0.04	0.01	-0.01	-0.00	-0.22	-0.10	0.38	-0.06	0.23	0.15	0.01	-0.04
CFO/OP	400%	75%			74%	60%	195%	31%	90%	82%	-100%	27%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	0.04	0.01	-0.01	0.00	-0.22	-0.10	0.38	-0.06	0.23	0.15	0.01	-0.04

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	29.59	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Days	0.00
Days Payable
Cash Conversion Cycle	29.59	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Working Capital Days	-128.24	-135.19	-125.86	-170.33	-193.91	-431.36	-469.29	-164.84	-41.71	-31.94	-54.75	-63.88
ROCE %	-16.90%	0.00%	-17.24%	0.00%	0.27%	-5.72%	-1.75%	5.26%	3.95%	5.00%	4.34%	0.22%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	70.01%	70.01%	70.01%	70.01%	70.01%	70.01%	70.01%	70.01%	70.01%	70.01%	70.01%	70.01%
FIIs	0.00%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.30%	0.27%	0.27%	0.27%	0.27%	0.27%	0.27%	0.30%	0.30%	0.30%	0.30%	0.30%
Public	29.69%	29.69%	29.69%	29.69%	29.69%	29.69%	29.69%	29.69%	29.69%	29.70%	29.70%	29.70%
No. of Shareholders	15,115	15,376	15,871	16,103	16,352	16,899	16,958	16,817	16,746	16,703	16,686	16,642

Shareholding Pattern Chart

No. of Shareholders

BKV Industries 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

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	0.00	0.12	0.14	0.11	0.19
Diluted EPS (Rs.)	0.00	0.12	0.14	0.11	0.19
Cash EPS (Rs.)	0.00	0.11	0.14	0.11	0.13
Book Value[Excl.RevalReserv]/Share (Rs.)	0.46	0.45	0.33	0.20	0.09
Book Value[Incl.RevalReserv]/Share (Rs.)	2.90	2.90	2.77	2.64	2.53
Revenue From Operations / Share (Rs.)	0.51	0.51	0.51	0.45	0.39
PBDIT / Share (Rs.)	0.00	0.11	0.14	0.11	0.14
PBIT / Share (Rs.)	0.00	0.11	0.14	0.10	0.14
PBT / Share (Rs.)	0.00	0.11	0.14	0.10	0.13
Net Profit / Share (Rs.)	0.00	0.11	0.14	0.10	0.13
PBDIT Margin (%)	0.79	23.20	27.80	24.80	36.34
PBIT Margin (%)	0.79	22.93	27.14	24.09	35.40
PBT Margin (%)	0.53	22.93	27.14	24.09	33.08
Net Profit Margin (%)	0.53	22.93	27.14	24.09	33.08
Return on Networth / Equity (%)	0.60	25.92	41.77	53.24	139.05
Return on Capital Employeed (%)	0.13	4.06	4.93	4.06	5.47
Return On Assets (%)	0.08	3.87	4.74	3.85	4.68
Total Debt / Equity (X)	0.00	0.00	0.00	0.12	0.54
Asset Turnover Ratio (%)	0.16	0.17	0.17	0.16	0.14
Current Ratio (X)	2.02	2.20	1.88	0.70	0.54
Quick Ratio (X)	2.02	2.20	1.88	0.70	0.54
Interest Coverage Ratio (X)	3.15	0.00	0.00	0.00	15.70
Interest Coverage Ratio (Post Tax) (X)	3.15	0.00	0.00	0.00	15.29
Enterprise Value (Cr.)	18.19	18.62	13.05	13.45	4.87
EV / Net Operating Revenue (X)	22.82	23.35	16.38	19.16	7.91
EV / EBITDA (X)	2887.45	100.62	58.91	77.24	21.75
MarketCap / Net Operating Revenue (X)	23.35	23.84	16.65	19.13	7.95
Price / BV (X)	26.00	26.95	25.63	42.29	33.40
Price / Net Operating Revenue (X)	23.36	23.84	16.65	19.13	7.95
EarningsYield	0.00	0.01	0.01	0.01	0.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of BKV Industries Ltd and is it undervalued?

BKV Industries Ltd: the stored intrinsic value estimate is ₹1.21, compared with a stored share price of ₹9.05. The model value is 86.6% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for BKV Industries Ltd?

The stored share price is ₹9.05. Price-data record updated: 24 September 2026, 4:33 am +05:30. This is not a live quote. The stored 52-week high / low is 12.8/7.36; this is a rolling range, not a financial-year range.

How have BKV Industries Ltd's revenue and profit changed?

Does BKV Industries Ltd's profit convert into cash?

For the same Mar 2025 period, operating cash flow was ₹0.01 Cr against net profit of ₹0.00 Cr.A cash-to-profit ratio is not meaningful with zero or negative profit.

What should I check in BKV Industries Ltd's balance sheet?

Reported borrowings were ₹0.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

What could change BKV Industries Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.