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Prices as of 9 Oct 2026 close · Not investment advice

BF Utilities Limited

NSE: BFUTILITIERoad AssetsToll, Annuity, Hybrid-Annuity

Share price

₹469.10

-0.41% close of 9 Oct 2026

Market cap ₹1,767 CrP/E —

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

30

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹1,767 Cr

P/E ratio

—

P/B ratio

10.6

ROCE

3.9%

ROE

1.3%

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹810.9552-week low ₹371.70

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step down at Dec 2023 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step down at Dec 2023 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

It has no earnings, so there is no price-to-earnings to compare.

Whether growth justifies the valuation

It has no earnings to weigh the price against.

Profit growthPrice per ₹1 profitPer 1% growth
BF Utilities Limited — this one-24%/yr——
Innovision Limited63%/yr35.6×₹0.56
Highway Infrastructure Limited40%/yr13.7×₹0.34
Noida Toll Bridge Company Limited40%/yr2.5×₹0.06
Gayatri Highways Limited26%/yr——

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Road AssetsToll, Annuity, Hybrid-Annuity), it ranks 5 of 5 on returns, 4 of 5 on growth, 5 of 5 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 3.9% on capital, ahead of 0% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹42 crore of cash before any plant spend. And the profit is not backed by cash: it reported a profit over 12 years and consumed cash from the business. Its cash comes back more slowly than it used to: it went from being paid 620.2 days before it paid its own suppliers to paid 183.1 days before it paid its own suppliers.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 10 checks clear · 80%

How the profit check works

Latest result · Q4 FY26

What the last results showed. Whether management kept its word is in Pro.

Announced 30 Sep 2026 · Standalone · Audited

Revenue

₹2 Cr

Revenue vs last year

-29.7%

Revenue vs last quarter

-99.3%

Net profit

-₹4 Cr

Profit vs last year

-5300.9%

Net margin

-218.6%

EPS

₹-0.97

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹1,767 Cr
Prev close
₹469.10
52w High
₹832
52w Low
₹369
Enterprise value
₹1,723 Cr
Beta
1.5
Price CAGR 1y
-38.0%
Price CAGR 3y
-8.0%
Price CAGR 5y
3.0%
Price CAGR 10y
-1.0%

Ratios

Return on assets
1.1%
PEG ratio
—
P/E ratio
—
P/B ratio
10.6
EV / EBITDA
—
Industry P/E
20.1
ROCE
3.9%
ROCE 5y average
6.6%
ROE
1.3%
Debt / Equity
0.0
Interest coverage
—
Dividend yield
0.0%
ROE 3y average
6.0%
ROE last year
2.0%

Annual P&L

Annual revenue
₹19 Cr
Annual profit
₹2 Cr
Operating margin
-38.3%
Net profit margin
11.8%
EBITDA margin
-38.3%
Sales growth 3y
1.5%
Sales growth 5y
5.3%
Profit growth 3y
-24.0%
Profit growth 5y
28.0%
EPS
₹0.6
Sales growth TTM
0.0%
Profit growth TTM
-270.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹6 Cr
Profit latest quarter
-₹5 Cr
YoY quarterly sales growth
1.9%
YoY quarterly profit growth
-178.3%
OPM latest quarter
-95.1%

Balance Sheet

Book Value
₹44.2
Face Value
₹5.0
Total debt
₹0 Cr
Total cash
₹44 Cr
Borrowings
₹0 Cr
Reserves / Equity
7.8

Cash Flow

Operating cash flow
-₹11 Cr
Free cash flow
-₹11 Cr
FCF yield
-0.6%
Net cash flow
-₹0 Cr

Shareholding

Promoter holding
56.7%
FII holding
1.6%
DII holding
0.1%
Public holding
41.6%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
National High168.0040.832,5392.51234.593.01,311.928.34.4
Cube Highways154.8575.020,7942.5561.113184.81,126.619.36.4
Vertis Infra.115.7520.017,4782.81342.5186.11,053.226.911.0
Interise111.85252.111,6592.0631.614.9869.8-2.910.8
Maple Inf. Trust145.009,98110.21-54.5-260.1659.5172.45.4
Indus Inf. Trust131.0120.48,0053.22129.47.3284.852.86.8
RaajMarg Infra121.007,2561.98201.1266.8
BF Utilities496.201,8720.00-5.0-178.35.91.93.9
Median118.3820.47,1022.4746.811.1334.626.96.9

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales5.36101.372.385.458.921.842.375.777.973.461.675.88
Expenses5.769.152.773.515.388.133.052.937.806.304.977.0211
Material Cost00
Change in Inventories-0.01-0.01
Purchases of Stock-in-Trade00
Employee Cost0.591.11
Other Expenses6.4310
Operating Profit-0.401.14-1.40-1.130.070.79-1.21-0.56-2.031.67-1.51-5.35-5.59
OPM %-7.4611-102-471.288.86-66-24-3521-44-320-95
Other Income0.490.550.6015201.541.020.99111.07-1.102.140.72
Exceptional items (within Other Income)1.290
Interest0000000000000
Depreciation0.180.180.180.180.180.170.170.170.170.170.160.140.14
Profit before tax-0.091.51-0.9813192.16-0.360.269.292.57-2.77-3.35-5.01
Tax %-563.31-27299.9814572733131-168.660.40
Net Profit-0.041.47-0.729.3818-0.97-0.620.076.421.79-2.33-3.64-5.03
EPS in Rs-0.010.39-0.192.494.64-0.26-0.160.021.700.47-0.62-0.97-1.33
Diluted EPS in Rs-0.97-1.34

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemSep 2015Mar 2016 6mMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales195.212115181915181819191919
Expenses8.623.637.4111171716181921192630
Material Cost0
Change in Inventories0.00
Purchases of Stock-in-Trade0
Employee Cost2.63
Other Expenses23
Operating Profit101.58143.580.962.42-1.830.22-1.06-1.79-0.91-7.22-11
OPM %553065245.3913-131.20-5.88-9.23-4.90-38-57
Other Income4.240.044.1018324.512.436.608.581623142.83
Exceptional items (within Other Income)-0.89
Interest5.610.415.853.572.451.090.560.210.040000
Depreciation4.791.943.873.863.863.873.572.020.710.710.680.640.61
Profit before tax4.29-0.738.2215271.97-3.534.596.7714225.73-8.56
Tax %-243811-8.73-2.22-28-513815262661
Net Profit5.31-1.017.3016272.52-1.722.835.7710162.23-9.21
EPS in Rs1.41-0.271.944.207.210.67-0.460.751.532.684.240.59-2.45
Diluted EPS in Rs0.59
Dividend Payout %000000000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
14%
5 years
5%
3 years
2%
TTM
0%

Compounded profit growth

10 years
16%
5 years
28%
3 years
-24%
TTM
-270%

Stock price CAGR

10 years
-1%
5 years
3%
3 years
-8%
1 year
-38%

Return on equity

10 years
7%
5 years
5%
3 years
6%
Last year
2%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemSep 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital191919191919191919191919
Reserves60596682109112110113119129145148
Borrowings75826246373025211913110.08
Other Liabilities534666595248373333343435
Total Liabilities207205213206217208191186190195209202
Fixed Assets2725221814106.544.543.843.152.521.96
CWIP7.447.8211000000000
Investments106114112111111111111111111111111111
Other Assets675868789288747175819589
Total Assets207205213206217208191186190195209202

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemSep 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity7.173.6422110.820.48-3.070.32-2.45-4.87-24-11
Cash from Investing Activity29-8.73-1.32-3.969.6623-2.64-2.833.82122522
Cash from Financing Activity-375.62-14-13-12-6.17-3.77-4.22-2.32-5.63-2.50-11
Net Cash Flow-0.750.526.55-6.24-1.6817-9.47-6.74-0.951.03-1.23-0.24
Free Cash Flow2.293.2619110.790.43-3.070.30-2.46-4.89-24-11

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemSep 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days494915641376.6400.600000
Cash Conversion Cycle494915641376.6400.600000
Working Capital Days-1,085-4,624-1,335-1,780-1,337-1,160-952-620-577-435-393-183
ROCE %2.73-0.199.2012191.88-1.893.134.388.61133.88

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters575757575757575757575757
FIIs0.940.780.880.901.111.541.691.551.631.571.571.61
DIIs0.130.090.090.090.140.090.130.140.140.100.050.06
Public424242424242414242424242
No. of Shareholders44,25946,04454,73057,03850,58851,11750,64050,31548,87648,54247,82446,840

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -42.2% (₹810.95 → ₹469.10)Brick size ₹19.09 (fixed)Bricks 77
₹400₹600₹800₹469Nov '25Jan '26Mar '26May '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹469.10 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

1.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

-43.64inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

2,65,42,857inr

2025-03-31

News

News and filings about BF Utilities Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

leases asset from

  • Karnataka Industrial Areas Development Board

operates infra for

  • Government of India and Government of Karnataka
  • Government of Karnataka

Sells to

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Services
Industry
Road AssetsToll, Annuity, Hybrid-Annuity
Classification
Services › Road AssetsToll, Annuity, Hybrid-Annuity
ISIN
INE243D01012

Business segments

  • Windmills · 69%
  • Infrastructure · 31%

Plants

  • Bangalore-Mysore Infrastructure Corridor (NICE) toll road
  • Hubli-Dharwad Bypass Road / Toll Plaza · Hubballi-Dharwad / Gabbur, Hubballi, Karnataka
  • Thosegar Wind Farm · Thosegar/Satara district, Maharashtra

News impact

Big market events that reach BF Utilities Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Bulk & block deals

DateWhoBought / soldSharesPrice
3 Sep 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY2,71,991₹564.04
3 Sep 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL2,71,863₹564.48
3 Sep 2026MICROCURVES TRADING PRIVATE LIMITEDBUY1,94,104₹571.43
3 Sep 2026MICROCURVES TRADING PRIVATE LIMITEDSELL1,94,104₹571.64

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.