BF Investment Ltd

₹ 577 2.73%

31 May - close price

About

BF Investment Ltd is a Non-Deposit taking Core Investment Company. It is primarily engaged in the business of making investments in Kalyani Group companies. ^[1]^[2]

Key Points

History
The Company was incorporated in 2009 by demerging the Investment Business of BF Utilities Ltd. by way of a Composite Scheme of Arrangement. Under the said business restructuring, Investment Business has been transferred to BF Investment Ltd. ^[1]

Website BSE NSE

Market Cap ₹ 2,172 Cr.
Current Price ₹ 577
High / Low ₹ 660 / 367
Stock P/E 26.0
Book Value ₹ 740
Dividend Yield 0.00 %
ROCE 4.53 %
ROE 3.40 %
Face Value ₹ 5.00

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Pros

Company is almost debt free.
Stock is trading at 0.78 times its book value
Company's working capital requirements have reduced from 117 days to 73.7 days

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 3.00% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	11	5	28	7	13	4	57	8	25	6	70	9	33
	3	1	1	1	2	1	1	1	3	1	1	1	4
Operating Profit	8	5	27	6	11	4	56	7	22	5	69	8	29
OPM %	73%	89%	97%	91%	84%	88%	99%	89%	86%	85%	99%	93%	89%
	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Profit before tax	8	4	27	6	11	4	56	7	22	5	69	8	29
Tax %	35%	40%	21%	22%	26%	27%	25%	9%	22%	24%	25%	24%	25%
	5	3	21	5	8	3	42	6	17	4	51	6	22
EPS in Rs	1.37	0.70	5.58	1.22	2.10	0.74	11.17	1.65	4.50	1.00	13.66	1.67	5.89
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	39	23	21	25	22	38	49	72	32	53	95	118
	2	2	1	2	3	-4	4	6	6	4	6	6
Operating Profit	36	21	20	23	18	43	45	66	26	48	89	111
OPM %	94%	92%	95%	92%	84%	111%	91%	92%	82%	92%	94%	95%
	-7	1	0	0	0	-21	2	-4	0	0	0	0
Interest	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	1	1	1	0	0	1	1	1	1	0
Profit before tax	29	21	19	22	18	21	46	62	26	48	88	111
Tax %	8%	7%	2%	3%	-0%	3%	7%	5%	29%	24%	23%	25%
	26	20	19	22	18	20	43	59	18	36	68	84
EPS in Rs	7.00	5.30	4.98	5.72	4.73	5.43	11.49	15.53	4.87	9.60	18.06	22.22
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	18%
5 Years:	19%
3 Years:	55%
TTM:	25%

Compounded Profit Growth
10 Years:	16%
5 Years:	14%
3 Years:	66%
TTM:	23%

Stock Price CAGR
10 Years:	21%
5 Years:	19%
3 Years:	22%
1 Year:	50%

Return on Equity
10 Years:	3%
5 Years:	3%
3 Years:	3%
Last Year:	3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	19	19	19	19	19	19	19	19	19	19	19	19
Reserves	626	646	664	686	704	1,594	1,337	921	1,536	1,938	2,115	2,769
	0	0	0	0	0	0	0	0	0	0	0	0
	2	1	1	1	1	1	2	2	1	2	3	77
Total Liabilities	647	665	684	706	723	1,613	1,358	942	1,556	1,959	2,137	2,864
	1	2	2	2	15	14	14	14	15	16	15	15
CWIP	1	0	0	0	0	0	0	0	0	0	0	0
Investments	487	506	515	539	538	1,540	1,245	789	1,381	1,742	1,864	2,510
	157	158	167	164	170	60	99	140	160	201	258	340
Total Assets	647	665	684	706	723	1,613	1,358	942	1,556	1,959	2,137	2,864

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	48	-9	-9	-6	-2	24	5	47	9	38	63
	-70	14	-10	-33	-17	-20	-0	-39	-3	-59	-56
	22	15	17	20	19	0	0	0	0	0	0
Net Cash Flow	-0	20	-1	-19	-0	3	5	8	6	-21	7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	0	0	0	0	0	0	0	0	0	0	0	0
Inventory Days
Days Payable
Cash Conversion Cycle	0	0	0	0	0	0	0	0	0	0	0	0
Working Capital Days	125	313	526	524	881	203	436	127	303	176	100	74
ROCE %	6%	3%	3%	3%	2%	3%	3%	6%	2%	3%	4%

Shareholding Pattern

Numbers in percentages

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	74.13%	74.13%	74.13%	74.13%	74.13%	74.13%	74.13%	74.13%	74.13%	74.13%	74.13%	74.13%
	1.12%	1.10%	1.10%	1.18%	1.17%	1.19%	1.26%	1.32%	1.34%	1.44%	1.53%	1.55%
	0.44%	0.44%	0.43%	0.44%	0.44%	0.44%	0.44%	0.44%	0.44%	0.44%	0.44%	0.01%
	24.31%	24.33%	24.33%	24.25%	24.26%	24.24%	24.17%	24.12%	24.08%	23.99%	23.91%	24.31%
No. of Shareholders	20,580	21,431	20,913	20,787	20,671	20,882	20,772	21,530	21,293	20,788	21,114	22,911

	Dec 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	73.46%	72.71%	73.38%	73.38%	73.38%	74.13%	74.13%	74.13%	74.13%
	0.64%	0.68%	2.17%	1.70%	1.00%	1.11%	1.18%	1.32%	1.55%
	1.35%	1.39%	1.33%	0.88%	0.58%	0.44%	0.44%	0.44%	0.01%
	24.55%	25.22%	23.12%	24.04%	25.04%	24.32%	24.25%	24.12%	24.31%
No. of Shareholders	23,916	23,280	23,477	22,725	20,606	20,101	20,787	21,530	22,911

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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BF Investment Ltd

BF Investment Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports