1. India Stocks

  2. •

    Industrial services

  3. •

    Engineering & construction
BF Utilities Ltd.

BF Utilities Ltd.

429.05
INR
-10.80
(-2.46%)
101.21EPS
15.97P/E
25.26BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
52.43
63.23
137.76
80.03
89.27
106.37
118.97
142.08
98.2
136.21
201.53
257.17
221.86
234.96
Basic EPS, GAAP
-12.85
-13.82
16.32
0.82
0.88
6.38
10.19
5.24
-0.66
13.49
33.03
39.12
38.89
42
Free Cash Flow per Basic Share
-42.58
32.08
85.46
56.87
65.99
74.36
107.47
82.47
52.72
65.4
85.84
90.29
134.62
- -
Dividend per Share
- -
- -
- -
- -
- -
2.7
5.33
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-60.63
-74.45
-60.6
-115.14
-83.75
-77.61
-70.25
-58.76
-59.27
-45.44
-24.35
14.7
53.51
- -
Tangible Book Value per Share
-374.31
-410.58
-392.66
-416.88
-401.2
-377.87
-358.7
-361.37
-350.23
-343.74
-336.82
-343.07
-293.47
- -
Basic Weighted Avg Shares
38
38
38
38
38
38
38
38
38
38
38
38
38
38
Sales/Revenue/Turnover
1,975
2,382
5,189
3,015
3,363
4,007
4,481
5,352
3,699
5,131
7,591
9,687
8,357
8,852
Operating Margin (%)
45.2
51.69
66.62
61.66
56.86
59.58
63.97
46.05
46.68
52.66
57.98
53.13
65.78
67.91
Depreciation Expense
205
237
280
230
598
626
520
531
567
551
580
660
703
693
Net Income, GAAP
-484
-521
615
31
33
240
384
197
-25
508
1,244
1,474
1,465
1,582
Effective Tax Rate (%)
- -
- -
0.88
48.14
- -
12.89
9.47
19.18
- -
9.65
6.3
22.56
26.69
29.77
Profit Margin (%)
-24.52
-21.86
11.84
1.02
0.99
6
8.57
3.69
-0.67
9.91
16.39
15.21
17.53
17.87
Working Capital
2,212
750
1,391
1,432
1,388
1,181
1,850
1,966
2,166
1,541
1,174
1,603
2,382
- -
LT Debt
18,631
18,509
18,184
20,452
16,774
15,803
16,608
16,244
16,062
15,198
13,451
11,927
7,948
- -
Total Equity
1,645
533
1,621
-4,138
-1,257
-987
-593
-25
-234
719
3,301
6,269
9,558
- -
Return on Invested Capital (%)
- -
- -
6.09
0.17
- -
13.18
15.11
10.47
- -
14.38
23.45
21.32
21.14
- -
Return on Capital (%)
- -
- -
11.65
5.39
- -
11.68
11.1
10.28
- -
9.75
8.83
5.05
11.67
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
114.05
- -

Capital Structure

INR

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
ST Debt
- -
1,497
- -
LT Borrowings
- -
6,520
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
38
38
38
Market Capitalization
29,705
29,456
25,258

Working Capital

INR

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
Total Current Assets
- -
7,261
- -
Cash, Cash Equivalents & STI
- -
4,110
- -
Accounts Receivable, Net
- -
40
- -
Inventories
- -
2,814
- -
Total Current Liabilities
- -
4,229
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,497
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
36.33%
189.07%
52.46%
Free Cash Flow
9%
14.7%
49.09%
Net Income, GAAP
-156.18%
-421.85%
-0.59%
Sales/Revenue/Turnover
8.97%
13.93%
-13.73%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,632
2,184
2,455
2,416
9,687
2025
1,975
2,213
2,098
2,070
8,357
2026
2,116
2,316
2,350
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8.03
11.27
9.91
9.91
39.12
2025
9.82
10.39
9.21
9.48
38.89
2026
10.19
11.28
11.05
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Bhalchandra Shankar Mitkari
Full Time Employees
7
Sector
Industrial services
Industry
Engineering & construction
Address
Pune Cantonment Pune MH India 411036
IPO Date
May 3, 2007
Website
bfutilities.com
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Business
BF Utilities Limited (BFUTILITIE.NS) is an India-based company engaged in the generation of electricity through windmills and infrastructure development activities. The company operates wind farms with a total capacity of 18.33 megawatts, primarily located in Thoseghar, Satara District, Maharashtra, supplying power to meet the captive requirements of the USD 3 billion Kalyani Group companies, including steel making, forging, and machining operations; it also develops tolled expressways and bypass roads, such as the 164-kilometer Bangalore Mysore Infrastructure Corridor Project connecting Bengaluru and Mysuru, and a 30-kilometer bypass road linking Hubli and Dharwad in North Karnataka. Incorporated on September 15, 2000, as part of a demerger scheme from Bharat Forge Limited approved by the Bombay High Court effective March 1, 2001, BF Utilities is headquartered in Pune Cantonment, Maharashtra, India, and focuses on the industrials sector with segments in wind power generation and infrastructure operations. BF Utilities earlier operated in infrastructure and investment businesses but underwent a significant business restructuring through a Composite Scheme of Arrangement, under which the investment business was transferred to BF Investment Ltd., leaving the company focused solely on infrastructure and wind energy activities. In recent years, the company submitted its inaugural Business Responsibility and Sustainability Report (BRSR) for the financial year 2024-25, marking its entry into ESG reporting amid mixed financial results showing revenue decline to Rs. 18.58 crore but net profit growth to Rs. 15.95 crore and total assets expansion to Rs. 208.50 crore as of March 2025. It faced regulatory penalties of Rs. 42.24 lakh for delayed quarterly filings and continues to address ongoing arbitration concerns, while its balance sheet reflects decreasing net debt to Rs. 508 crore in March 2025 from prior levels. Geographically, operations remain concentrated in India, targeting captive group consumption and public infrastructure projects in Maharashtra and Karnataka.