BF Investment Ltd

₹ 521 -0.86%

19 Apr - 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 ₹ 1,966 Cr.
Current Price ₹ 521
High / Low ₹ 660 / 364
Stock P/E 6.61
Book Value ₹ 1,411
Dividend Yield 0.00 %
ROCE 7.88 %
ROE 5.94 %
Face Value ₹ 5.00

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Pros

Company is almost debt free.
Stock is trading at 0.37 times its book value
Company is expected to give good quarter

Cons

Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 6.87% over last 3 years.
Earnings include an other income of Rs.368 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	3	4	5	6	7	2	4	14	8	5	6	15	9
	1	3	1	1	1	2	1	1	1	3	1	1	1
Operating Profit	3	1	5	5	6	0	4	13	7	2	5	14	8
OPM %	75%	20%	89%	84%	91%	1%	88%	94%	89%	34%	86%	93%	93%
	50	277	41	48	45	115	43	56	71	150	70	79	69
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	52	278	45	53	51	115	47	68	77	152	75	92	77
Tax %	25%	25%	27%	23%	25%	25%	25%	25%	24%	25%	25%	25%	25%
	39	208	33	40	38	86	35	51	59	114	56	69	58
EPS in Rs	10.31	55.23	8.82	10.74	10.12	22.82	9.25	13.62	15.68	30.29	14.95	18.39	15.38
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	983	1,074	11	19	22	16	20	31	35
	909	998	3	4	6	6	4	6	6
Operating Profit	74	77	8	14	16	11	16	26	29
OPM %	8%	7%	71%	76%	73%	65%	78%	82%	83%
	4	2	184	134	214	347	248	319	368
Interest	2	0	0	0	0	0	0	0	0
Depreciation	16	15	0	0	1	1	1	1	1
Profit before tax	59	63	192	148	230	357	264	344	396
Tax %	29%	32%	17%	14%	37%	25%	25%	25%
	132	135	160	126	144	267	198	259	298
EPS in Rs	35.09	35.92	42.42	33.57	38.31	70.89	52.50	68.84	79.01
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	23%
3 Years:	12%
TTM:	23%

Compounded Profit Growth
10 Years:	%
5 Years:	9%
3 Years:	21%
TTM:	29%

Stock Price CAGR
10 Years:	24%
5 Years:	16%
3 Years:	24%
1 Year:	29%

Return on Equity
10 Years:	%
5 Years:	7%
3 Years:	7%
Last Year:	6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	19	19	19	19	19	19	19	19	19
Reserves	980	1,125	2,421	2,033	1,692	3,279	4,019	4,671	5,297
	10	0	0	0	0	0	0	0	0
	149	174	120	135	213	294	345	418	509
Total Liabilities	1,159	1,318	2,559	2,187	1,924	3,591	4,382	5,108	5,825
	65	73	14	14	14	15	16	15	15
CWIP	3	3	0	0	0	0	0	0	0
Investments	667	770	2,499	2,086	1,777	3,424	4,177	4,838	5,495
	424	472	46	87	133	153	189	255	315
Total Assets	1,159	1,318	2,559	2,187	1,924	3,591	4,382	5,108	5,825

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	0	51	-2	-25	-3	-6	6	-0
	-22	-26	5	30	11	13	-27	7
	36	-6	0	0	0	0	0	0
Net Cash Flow	15	19	3	5	8	6	-21	7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	61	68	0	0	0	0	0	0
Inventory Days	29	23
Days Payable	65	72
Cash Conversion Cycle	26	20	0	0	0	0	0	0
Working Capital Days	49	50	694	1,157	412	586	465	301
ROCE %		6%	11%	7%	12%	14%	7%	8%

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