BF Utilities Ltd

BFUTILITIE

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Market Cap

₹ 2,308 Cr

P/E

16.11

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Performance

STEADY PERFORMER

Valuation

OVERVALUED

Growth

EXCEPTIONAL

Profitability

HIGH MARGIN

Technicals

Bearish

Risk

HIGH RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

BF Utilities Limited (BFUL) is part of the Kalyani Group and primarily engages in generating electricity through wind mills.

The company underwent restructuring to focus solely on its infrastructure business, transferring its investment business to BF Investment Limited.

BFUL originated from a demerger with Bharat Forge Limited, transferring wind mills and investments for power generation on its establishment in 2001.

The company installed 11 wind power machines in 2001, reaching a total generation capacity of 18.33 MW annually, despite challenging operating conditions.

BF Utilities continues efforts to maximize power through its wind power generation while reducing operational costs amidst harsh conditions.

Sector

Power Generation & Distribution

Industry

Power Generation And Supply

Market Cap

2,308 Cr

Volatility

High Risk

P/E Ratio

16.1

Industry P/E

23.6

PEG Ratio

0.2

P/B Ratio

11.5

52W High

1,070.00

52W Low

560.00

Sales CAGR

-13.67%

0.37%

-0.70%

10Y

15.19%

Profit CAGR

11.31%

78.16%

44.71%

10Y

—

ROE

TTM

114.57%

21.87%

23.79%

10Y

30.21%

ROCE

TTM

41.92%

26.29%

21.31%

10Y

17.33%

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SEITINVIT	110.00	3,564 Cr	27.23	1.19	4.64	4.38	5.81	1.85
GIPCL	150.80	2,336 Cr	12.45	0.66	2.72	5.31	3.92	2.19
BFUTILITIE	622.95	2,308 Cr	16.11	11.45	0.00	114.57	41.92	13.69
ANZEN	115.00	2,256 Cr	—	1.45	2.13	-0.64	3.21	-0.27
UEL	153.55	2,048 Cr	301.08	23.26	0.00	7.74	8.32	5.86
GREENPOWER	12.05	1,414 Cr	25.10	1.19	0.00	4.68	7.41	4.19
DPSCLTD	10.21	994 Cr	127.63	1.12	0.49	0.86	2.83	0.42

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	161	166	232	263	218	246	242	197	221	210
Expenses	49	48	110	135	69	97	88	46	54	57
Operating Profit	111	118	122	129	149	149	154	152	167	153
OPM %	69.31	70.95	52.51	48.83	68.33	60.62	63.59	76.94	75.62	72.82
Other Income	5.23	12	4.74	4.24	5.23	5.14	4.61	5.35	6.47	6.51
Interest	44	45	51	38	36	35	32	32	30	28
Depreciation	14	15	15	15	16	17	18	18	18	18
Profit Before Tax	58	71	61	80	102	101	109	108	126	114
Tax %	4.26	5.54	12.57	24.19	14.68	24.96	26.54	26.37	27.53	26.38
Net Profit	55	67	53	61	87	76	80	79	91	84
EPS in Rs	7.15	8.50	7.44	8.03	11.27	9.91	9.91	9.82	10.39	9.21

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	336	401	448	535	371	513	759	969	837	871
Expenses	86	100	117	238	142	193	261	389	217	245
Operating Profit	251	301	331	297	229	320	498	581	619	626
OPM %	74.57	75.13	73.81	55.44	61.71	62.38	65.62	59.90	74.01	71.90
Other Income	8.09	11	6.04	4.04	23	21	17	19	25	23
Interest	222	208	205	214	215	183	183	142	113	122
Depreciation	60	63	52	53	57	55	58	66	70	71
Profit Before Tax	-23	41	80	34	-20	103	274	392	461	456
Tax %	-25.33	12.89	9.47	19.18	-10.17	9.65	6.30	22.56	26.69	26.73
Net Profit	-29	36	72	27	-22	93	257	304	338	334
EPS in Rs	—	—	19.62	7.27	-8.24	11.67	33.04	39.12	—	39.33
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	19	19	19	19	19	19	19	19	19	19
Reserves	-247	-334	-311	-283	-240	-242	-190	-111	37	183
Borrowings	1,842	1,723	1,643	1,683	1,641	1,715	1,631	1,482	1,298	932
Other Liabilities	625	466	491	582	751	658	691	846	1,074	1,296
Total Liabilities	2,240	1,874	1,842	2,000	2,171	2,149	2,151	2,237	2,427	2,429
Fixed Assets	1,287	1,217	1,155	1,108	1,161	1,108	1,124	1,098	1,354	1,291
CWIP	161	55	46	44	44	44	53	133	54	78
Investments	29	23	8.86	143	198	226	161	55	62	66
Other Assets	764	579	631	705	767	771	814	951	957	993
Total Assets	2,240	1,874	1,842	2,000	2,171	2,149	2,151	2,237	2,427	2,429

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	223	254	281	405	311	202	326	436	583	540
Cash from Investing Activity	-30	12	-24	-158	-83	-7.45	-60	-40	-245	-45
Cash from Financing Activity	-191	-259	-265	-249	-222	-197	-283	-354	-338	-487
Net Cash Flow	1.66	7.27	-7.97	-2.41	5.42	-2.36	-17	41	0.63	8.21

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	56.74%	56.74%	56.74%	56.74%	56.74%	56.74%	56.74%	56.74%	56.72%	56.72%	56.72%	56.72%
FIIs	0.49%	0.43%	0.39%	0.94%	0.78%	0.88%	0.90%	1.11%	1.54%	1.68%	1.55%	1.62%
DIIs	0.10%	0.10%	0.10%	0.13%	0.10%	0.10%	0.10%	0.15%	0.10%	0.14%	0.15%	0.15%
Public	42.67%	42.73%	42.77%	42.19%	42.39%	42.27%	42.26%	42.01%	41.64%	41.45%	41.58%	41.51%
Total Shareholders	56,428	56,186	55,189	44,259	46,044	54,730	57,038	50,588	51,117	50,640	50,315	48,876

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Dec 31, 2024	Ashok kumar kheny	Insider - Designated Person	Disposal	956.55	0.48 Cr	5,000	0.00
Aug 18, 2023	Yuga stocks and commodities p...	Bulk	Buy	612.81	18.15 Cr	2,96,187	0.78
Aug 18, 2023	Ved prakash agarwal	Bulk	Buy	595.64	13.16 Cr	2,21,000	0.58
Aug 18, 2023	Yuga stocks and commodities p...	Bulk	Sell	610.15	22.14 Cr	3,62,830	0.96
Aug 17, 2023	Yuga stocks and commodities p...	Bulk	Buy	544.63	10.68 Cr	1,96,081	0.52
Aug 17, 2023	Yuga stocks and commodities p...	Bulk	Sell	527.49	5.07 Cr	96,081	0.25
Jun 30, 2023	Shivakumar kheny	Insider - Connected Person	Acquisition	382.08	0.38 Cr	10,000	—

Projection

Actions

Action Type

‌
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Announcements

Last 7 days

Newest

Sentiment

Board Meeting Outcome

4 days ago

Board Meeting Scheduled for Financial Results

BF Utilities Ltd. will hold a Board meeting on December 16, 2025, to consider and approve the unaudited consolidated financial results for the quarter ended June 30, 2025.

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Oscillators

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Bullish

Bearish

Neutral

Bullish

Overall

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Neutral

Bullish

Moving Averages

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Overall

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Bullish

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	161	166	232	263	218	246	242	197	221	210
Expenses	49	48	110	135	69	97	88	46	54	57
Operating Profit	111	118	122	129	149	149	154	152	167	153
OPM %	69.31	70.95	52.51	48.83	68.33	60.62	63.59	76.94	75.62	72.82
Other Income	5.23	12	4.74	4.24	5.23	5.14	4.61	5.35	6.47	6.51
Interest	44	45	51	38	36	35	32	32	30	28
Depreciation	14	15	15	15	16	17	18	18	18	18
Profit Before Tax	58	71	61	80	102	101	109	108	126	114
Tax %	4.26	5.54	12.57	24.19	14.68	24.96	26.54	26.37	27.53	26.38
Net Profit	55	67	53	61	87	76	80	79	91	84
EPS in Rs	7.15	8.50	7.44	8.03	11.27	9.91	9.91	9.82	10.39	9.21

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	336	401	448	535	371	513	759	969	837	871
Expenses	86	100	117	238	142	193	261	389	217	245
Operating Profit	251	301	331	297	229	320	498	581	619	626
OPM %	74.57	75.13	73.81	55.44	61.71	62.38	65.62	59.90	74.01	71.90
Other Income	8.09	11	6.04	4.04	23	21	17	19	25	23
Interest	222	208	205	214	215	183	183	142	113	122
Depreciation	60	63	52	53	57	55	58	66	70	71
Profit Before Tax	-23	41	80	34	-20	103	274	392	461	456
Tax %	-25.33	12.89	9.47	19.18	-10.17	9.65	6.30	22.56	26.69	26.73
Net Profit	-29	36	72	27	-22	93	257	304	338	334
EPS in Rs	—	—	19.62	7.27	-8.24	11.67	33.04	39.12	—	39.33
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	19	19	19	19	19	19	19	19	19	19
Reserves	-247	-334	-311	-283	-240	-242	-190	-111	37	183
Borrowings	1,842	1,723	1,643	1,683	1,641	1,715	1,631	1,482	1,298	932
Other Liabilities	625	466	491	582	751	658	691	846	1,074	1,296
Total Liabilities	2,240	1,874	1,842	2,000	2,171	2,149	2,151	2,237	2,427	2,429
Fixed Assets	1,287	1,217	1,155	1,108	1,161	1,108	1,124	1,098	1,354	1,291
CWIP	161	55	46	44	44	44	53	133	54	78
Investments	29	23	8.86	143	198	226	161	55	62	66
Other Assets	764	579	631	705	767	771	814	951	957	993
Total Assets	2,240	1,874	1,842	2,000	2,171	2,149	2,151	2,237	2,427	2,429

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	223	254	281	405	311	202	326	436	583	540
Cash from Investing Activity	-30	12	-24	-158	-83	-7.45	-60	-40	-245	-45
Cash from Financing Activity	-191	-259	-265	-249	-222	-197	-283	-354	-338	-487
Net Cash Flow	1.66	7.27	-7.97	-2.41	5.42	-2.36	-17	41	0.63	8.21

Overview

Detailed Summary

BF Utilities Limited (BFUL) is part of the Kalyani Group and primarily engages in generating electricity through wind mills.

The company underwent restructuring to focus solely on its infrastructure business, transferring its investment business to BF Investment Limited.

BFUL originated from a demerger with Bharat Forge Limited, transferring wind mills and investments for power generation on its establishment in 2001.

The company installed 11 wind power machines in 2001, reaching a total generation capacity of 18.33 MW annually, despite challenging operating conditions.

BF Utilities continues efforts to maximize power through its wind power generation while reducing operational costs amidst harsh conditions.

Sector

Power Generation & Distribution

Industry

Power Generation And Supply

Market Cap

2,308 Cr

Volatility

High Risk

P/E Ratio

16.1

Industry P/E

23.6

PEG Ratio

0.2

P/B Ratio

11.5

52W High

1,070.00

52W Low

560.00

Sales CAGR

-13.67%

0.37%

-0.70%

10Y

15.19%

Profit CAGR

11.31%

78.16%

44.71%

10Y

—

ROE

TTM

114.57%

21.87%

23.79%

10Y

30.21%

ROCE

TTM

41.92%

26.29%

21.31%

10Y

17.33%

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
SEITINVIT	110.00	3,564 Cr	27.23	1.19	4.64	4.38	5.81	1.85
GIPCL	150.80	2,336 Cr	12.45	0.66	2.72	5.31	3.92	2.19
BFUTILITIE	622.95	2,308 Cr	16.11	11.45	0.00	114.57	41.92	13.69
ANZEN	115.00	2,256 Cr	—	1.45	2.13	-0.64	3.21	-0.27
UEL	153.55	2,048 Cr	301.08	23.26	0.00	7.74	8.32	5.86
GREENPOWER	12.05	1,414 Cr	25.10	1.19	0.00	4.68	7.41	4.19
DPSCLTD	10.21	994 Cr	127.63	1.12	0.49	0.86	2.83	0.42

Bf Utilities Ltd

BF Utilities Ltd

BFUTILITIE

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Industry P/E

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Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Shareholdings

Shareholding History

Market Transactions

Projection

Actions

Announcements

Documents

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Technicals

Forecasts

Documents

Projection

Oscillators

Bullish

Overall

Bearish

Moving Averages

Bearish

Overall

Bearish

Shareholdings

Shareholding History

Market Transactions

Financial Statements

AI Powered Summary

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Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

BF Utilities Ltd

BFUTILITIE

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Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

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Announcements

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Price Chart Comparison

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