BF Utilities Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2022 • Wind Energy: 100.0%
AI Sector View
AI GENERATEDPower
Operationally, power remains one of the strongest sectors in the dataset. Power generation rose 8.0% YoY (2026-07), IIP-electricity was 10.0% YoY (2026-06), electricity core output was 9.0% YoY (2026-07), and coal offtake increased 10.0% YoY (2026-07). FPI outflows are a headwind at INR -10736 crore over 3 months to 2026-08-31, but the fundamental demand signal is strong enough to retain a positive stance.
PROS
- Company has delivered good profit growth of 44.7% CAGR over last 5 years
- Company is almost debt free
- Company generates healthy free cash flow
CONS
- Company is loss-making at the operating / net level
- Operating cash flow has been negative in recent years
- Recent results are weak - TTM profit is down 174.9% versus prior year
- A large part of profit comes from other income (107.4% of PBT)
- Company has a low return on capital employed of 8.6%
- Company has a low return on equity of 7.2% over last 3 years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ADANIPOWER | 207.25 | 28.04 | 399675.30 | 0.00 | 4866.60 | 47.24 | 18901.89 | 33.97 | 17.79 | 42.67 |
| NTPC | 330.15 | 11.53 | 320135.43 | 2.73 | 6896.44 | -88.71 | 50740.96 | 7.81 | 8.52 | 33.23 |
| POWERGRID | 267.50 | 15.65 | 248791.15 | 3.36 | 3598.42 | -0.89 | 11496.72 | 2.68 | 9.74 | 82.97 |
| ADANIGREEN | 1294.00 | 119.48 | 213144.59 | 0.00 | 983.00 | 19.30 | 4431.00 | 16.61 | 9.90 | 91.24 |
| ADANIENSOL | 1394.90 | 58.44 | 170589.92 | 0.00 | 1236.56 | 129.44 | 9711.08 | 42.41 | 9.71 | 31.27 |
| TATAPOWER | 363.80 | 30.09 | 116246.45 | 0.69 | 1400.86 | 10.98 | 19051.26 | 5.63 | 11.63 | 21.53 |
| JSWENERGY | 539.00 | 50.24 | 98824.72 | 0.37 | 532.70 | -36.27 | 5207.13 | 1.24 | 8.50 | 55.22 |
| NHPC | 75.70 | 20.03 | 76040.91 | 2.13 | 1178.09 | 4.15 | 3808.31 | 18.50 | 6.16 | 61.80 |
| NTPCGREEN | 88.14 | 122.36 | 74269.67 | 0.00 | 304.84 | 38.26 | 1106.86 | 62.72 | 3.73 | 91.95 |
| TORNTPOWER | 1249.70 | 27.10 | 62972.83 | 1.60 | 661.85 | -10.75 | 8124.15 | 2.75 | 14.37 | 18.93 |
| NLCINDIA | 275.60 | 11.91 | 38215.70 | 1.40 | 436.33 | -48.01 | 4716.75 | 23.29 | 11.57 | 32.83 |
| BFUTILITIE | 501.95 | 11.95 | 1890.73 | 0.00 | 102.76 | 22.43 | 234.97 | 11.98 | 46.19 | 74.39 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 10 | 1 | 2 | 5 | 9 | 2 | 2 | 6 | 8 | 3 | 2 | 6 | |
| 6 | 9 | 3 | 4 | 5 | 8 | 3 | 3 | 8 | 6 | 5 | 7 | 12 | |
| Operating Profit | -0 | 1 | -1 | -1 | 0 | 1 | -1 | -1 | -2 | 2 | -6 | -3 | -6 |
| OPM % | -7.46% | 11.08% | -102.19% | -47.48% | 1.28% | 8.86% | -65.76% | -23.63% | -35.18% | 20.83% | -169.94% | -165.27% | -95.02% |
| Other Income | 0 | 1 | 1 | 15 | 20 | 2 | 1 | 1 | 11 | 1 | 1 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| -0 | 2 | -1 | 13 | 19 | 2 | -0 | 0 | 9 | 3 | -3 | -3 | -5 | |
| Tax % | 55.56% | 3.31% | 26.53% | 29.23% | 9.98% | 144.91% | -72.22% | 73.08% | 30.89% | 30.74% | 15.83% | -8.66% | -0.42% |
| Net Profit | -0 | 1 | -1 | 9 | 18 | -1 | -1 | 0 | 6 | 2 | -2 | -4 | -5 |
| -0 | 0 | -0 | 2 | 5 | -0 | -0 | 0 | 2 | 0 | -1 | -1 | -0 | |
| Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 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 & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 21 | 15 | 18 | 19 | 15 | 18 | 18 | 19 | 19 | 19 | |
| 4 | 7 | 11 | 17 | 17 | 16 | 18 | 19 | 21 | 19 | 30 | |
| Operating Profit | 2 | 18 | 22 | 33 | 7 | 1 | 7 | 8 | 14 | 22 | — |
| OPM % | 31 | 85 | 146 | 185 | 36 | 4 | 37 | 42 | 74 | 119 | — |
| Other Income | 0 | 4 | 18 | 32 | 5 | 2 | 7 | 9 | 16 | 23 | 4 |
| Interest | 0 | 6 | 4 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 4 | 4 | 4 | 4 | 4 | 2 | 1 | 1 | 1 | 1 |
| -1 | 8 | 14 | 27 | 2 | -4 | 5 | 7 | 14 | 22 | -9 | |
| Tax % | -38 | 12 | -11 | -2 | -28 | 51 | 38 | 15 | 26 | 26 | -8 |
| Net Profit | -1 | 7 | 16 | 27 | 3 | -2 | 3 | 6 | 10 | 16 | -9 |
| EPS | -0 | 2 | 4 | 7 | 1 | -0 | 1 | 2 | 3 | 4 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -0 | 2 | 4 | 7 | 1 | -0 | 1 | 2 | 3 | 4 | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- -1%
- 3 Years:
- 0%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 45%
- 3 Years:
- 78%
STOCK PRICE CAGR
- 10 Years:
- -1%
- 5 Years:
- 5%
- 3 Years:
- -10%
- 1 Year:
- -34%
RETURN ON EQUITY
- 10 Years:
- 7%
- 5 Years:
- 4%
- 3 Years:
- 7%
- Last Year:
- 10%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| 59 | 66 | 82 | 109 | 112 | 110 | 113 | 119 | 129 | 145 | |
| 32 | 41 | 33 | 22 | 21 | 21 | 20 | 19 | 13 | 10 | |
| Trade Payables | 7 | 6 | 8 | 8 | 8 | 7 | 3 | 3 | 3 | 3 |
| 94 | 81 | 65 | 59 | 49 | 33 | 30 | 29 | 29 | 29 | |
| Total Liabilities | 210 | 213 | 206 | 217 | 208 | 190 | 185 | 188 | 193 | 207 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 25 | 22 | 18 | 14 | 10 | 7 | 5 | 4 | 3 | 3 | |
| 114 | 112 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | 111 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cash & Bank | 2 | 9 | 23 | 40 | 37 | 32 | 30 | 34 | 39 | 35 |
| 68 | 70 | 54 | 52 | 50 | 40 | 39 | 39 | 40 | 58 | |
| Total Assets | 210 | 213 | 206 | 217 | 208 | 190 | 185 | 188 | 193 | 207 |
| Total Debt | 82 | 62 | 46 | 37 | 30 | 25 | 21 | 19 | 13 | 10 |
| Net Working Capital | -62 | -67 | -48 | -24 | -24 | -5 | -1 | 6 | 16 | 15 |
| Contingent Liabilities | 78 | 52 | 18 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
| Book Value per Share | 20.55 | 22.56 | 26.79 | 34.01 | 34.65 | 34.22 | 35.11 | 36.66 | 39.37 | 43.62 |
| Face Value | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 22 | 11 | 1 | 0 | -3 | 0 | -2 | -5 | -24 | |
| Cash from Investing | -9 | -1 | -4 | 10 | 23 | -3 | -3 | 4 | 12 | 25 |
| Cash from Financing | 6 | -14 | -13 | -12 | -6 | -4 | -4 | -2 | -6 | -2 |
| 1 | 7 | -6 | -2 | 17 | -9 | -7 | -1 | 1 | -1 | |
| Free Cash Flow | 4 | 22 | 11 | 1 | 0 | -3 | 0 | -2 | -5 | -24 |
| OCF / Net Profit | -3.60 | 3.04 | 0.68 | 0.03 | 0.19 | 1.79 | 0.11 | -0.42 | -0.48 | -1.48 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | 31 | 9 | -4 | -10 | -34 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | -0.27 | 1.94 | 4.20 | 7.21 | 0.67 | -0.46 | 0.75 | 1.53 | 2.68 | 4.24 |
| Book Value (₹) | 20.55 | 22.56 | 26.79 | 34.01 | 34.65 | 34.22 | 35.11 | 36.66 | 39.37 | 43.62 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 0.25 | 2.96 | 5.22 | 8.24 | 1.70 | 0.49 | 1.29 | 1.72 | 2.87 | 4.43 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 31.06% | 84.59% | 145.93% | 184.74% | 35.97% | 4.09% | 37.11% | 41.67% | -9.24% | -4.89% |
| Net Margin % | -19.39% | 34.36% | 106.52% | 152.59% | 13.09% | -11.77% | 15.38% | 32.02% | 52.00% | 86.02% |
| ROE % | -1.30% | 8.99% | 17.02% | 23.73% | 1.95% | -1.32% | 2.16% | 4.27% | 7.04% | 10.23% |
| ROCE % | -0.21% | 9.20% | 12.09% | 18.58% | 1.87% | -1.89% | 3.13% | 4.39% | 8.61% | 12.80% |
| -0.48% | 3.45% | 7.54% | 12.82% | 1.18% | -0.86% | 1.51% | 3.10% | 5.29% | 7.99% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 115 | 84 | 132 | 36 | 21 | 0 | 1 | 0 | 0 | 0 |
| Inventory Days | 5 | 3 | 5 | 2 | 2 | 2 | 1 | 1 | 1 | 1 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 90361 | 0 | 0 | 0 | 0 |
| 119 | 87 | 137 | 38 | 22 | -90359 | 2 | 1 | 1 | 1 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 1.06x | 0.73x | 0.46x | 0.29x | 0.23x | 0.19x | 0.16x | 0.13x | 0.09x | 0.06x |
| Interest Coverage (x) | -0.79x | 2.41x | 4.99x | 11.87x | 2.81x | -5.30x | 22.86x | 194.34x | 6844.00x | 0.00x |
| 0.31x | 0.25x | 0.38x | 0.66x | 0.64x | 0.87x | 0.98x | 1.19x | 1.64x | 1.65x | |
| GROWTH | ||||||||||
| Revenue Growth % | -72.71% | 308.14% | -30.10% | 19.87% | 8.12% | -24.22% | 25.99% | -1.90% | 7.59% | -4.19% |
| Operating Profit Growth % | -84.82% | 1011.46% | 20.60% | 51.76% | -78.95% | -91.39% | 1044.30% | 10.16% | 91.64% | 54.13% |
| Net Profit Growth % | -119.00% | 823.31% | 116.70% | 71.72% | -90.73% | -168.16% | 264.65% | 104.17% | 74.76% | 58.48% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 74.76% | 58.48% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 287.80x | 177.10x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 19.58x | 17.23x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 199.80x | 126.48x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-02 - The Exchange has sought clarification from BF Utilities Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: -1. Consolidated Financial Results not submitted The response of the Company is awaited.
2026-08-26 - BF Utilities Limited has informed the Exchange about intimation of fine
2026-08-20 - BF Utilities Limited has informed the Exchange about Extension of time for holding Annual General Meeting for the financial year ended March 31, 2026
2026-08-15 - BF Utilities Limited has informed the Exchange about Copy of Newspaper Publication for Standalone Unaudited financial results for the quarter ended June 30, 2026
2026-08-14 - BF Utilities Limited has informed the Exchange about Board comments on fine levied by the Exchange
2026-08-14 - BF Utilities Limited has informed the Exchange about General Updates on consolidated Financial Results for the quarter ended June 30, 2026
2026-08-14 - BF Utilities Limited has submitted to the Exchange, the Unaudited Standalone financial results for the period ended Jun 30, 2026.
2026-08-13 - BF Utilities Limited has informed the Exchange about Copy of newspaper publication for another special window for re-lodgement of transfer requests of Physical shares
2026-07-17 - BF Utilities Limited has informed the Exchange about intimation of fine
News
Recent coverage and analyst commentary for BFUTILITIE
Loading news…
AI Stock Analyst
BF Utilities Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account