BF Investment Ltd

₹ 455 2.14%

31 Jul 4:01 p.m.

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

Business Overview^[1]
The Company primarily makes strategic long-term investments in Kalyani Group companies and operates as a Non-Deposit Taking Core Investment Company (CIC). Its investments are intended to be held for the long term and are not held for sale.

Website BSE NSE

Market Cap ₹ 1,714 Cr.
Current Price ₹ 455
High / Low ₹ 587 / 315
Stock P/E 6.08
Book Value ₹ 2,267
Dividend Yield 2.20 %
ROCE 4.86 %
ROE 3.65 %
Face Value ₹ 5.00

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Pros

Company is almost debt free.
Stock is trading at 0.20 times its book value
Company is expected to give good quarter
Company's working capital requirements have reduced from 143 days to 80.2 days

Cons

Company has a low return on equity of 4.76% over last 3 years.
Earnings include an other income of Rs.312 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

Financial Services Financial Services Finance Holding Company

Part of BSE Financial Services BSE 1000

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	5	6	15	9	13	8	19	9	26	9	19	10	37
	3	1	1	1	4	1	1	0	32	1	3	1	7
Operating Profit	2	5	14	8	9	7	17	9	-5	8	17	9	30
OPM %	34%	86%	93%	93%	71%	92%	94%	95%	-21%	85%	86%	89%	81%
	150	70	79	69	325	236	38	1	0	43	37	111	121
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	152	75	92	77	334	243	55	10	-6	51	53	120	152
Tax %	25%	25%	25%	25%	25%	25%	35%	30%	-40%	25%	25%	25%	25%
	114	56	69	58	250	183	36	7	-3	38	40	89	114
EPS in Rs	30.29	14.95	18.39	15.38	66.43	48.48	9.56	1.86	-0.88	10.21	10.61	23.73	30.33
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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	Mar 2024	Mar 2025	Mar 2026
	983	1,074	11	19	22	16	20	31	43	63	76
	909	998	3	4	6	6	4	6	6	7	12
Operating Profit	74	77	8	14	16	11	16	26	36	56	64
OPM %	8%	7%	71%	76%	73%	65%	78%	82%	85%	89%	84%
	4	2	184	134	214	347	248	319	543	247	312
Interest	2	0	0	0	0	0	0	0	0	0	0
Depreciation	16	15	0	0	1	1	1	1	0	0	0
Profit before tax	59	63	192	148	230	357	264	344	579	302	375
Tax %	29%	32%	17%	14%	37%	25%	25%	25%	25%	26%	25%
	132	135	160	126	144	267	198	259	434	222	282
EPS in Rs	35.09	35.92	42.42	33.57	38.31	70.89	52.50	68.84	115.15	59.01	74.87
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-23%
5 Years:	36%
3 Years:	35%
TTM:	22%

Compounded Profit Growth
10 Years:	8%
5 Years:	1%
3 Years:	3%
TTM:	27%

Stock Price CAGR
10 Years:	14%
5 Years:	3%
3 Years:	4%
1 Year:	-6%

Return on Equity
10 Years:	6%
5 Years:	5%
3 Years:	5%
Last Year:	4%

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	Mar 2024	Mar 2025	Mar 2026
Equity Capital	19	19	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	6,182	6,881	8,520
	10	0	0	0	0	0	0	0	0	0	0
	149	174	120	135	213	294	345	418	612	700	855
Total Liabilities	1,159	1,318	2,559	2,187	1,924	3,591	4,382	5,108	6,814	7,600	9,394
	65	73	14	14	14	15	16	15	15	14	14
CWIP	3	3	0	0	0	0	0	0	0	0	0
Investments	667	770	2,499	2,086	1,777	3,424	4,177	4,838	6,459	7,128	8,764
	424	472	46	87	133	153	189	255	340	457	616
Total Assets	1,159	1,318	2,559	2,187	1,924	3,591	4,382	5,108	6,814	7,600	9,394

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	Mar 2024	Mar 2025	Mar 2026
	0	51	-2	-25	-3	-6	6	-0	9	21	33
	-22	-26	5	30	11	13	-27	7	18	-49	59
	36	-6	0	0	0	0	0	0	0	0	-0
Net Cash Flow	15	19	3	5	8	6	-21	7	27	-28	92
Free Cash Flow	-84	41	-2	-24	-3	-6	6	-0	9	21	33
CFO/OP	23%	95%	-24%	-168%	-16%	-9%	110%	79%	93%	98%	113%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	61	68	0	0	0	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	0	0	0
Working Capital Days	45	50	694	1,157	412	586	465	301	203	147	80
ROCE %		6%	11%	7%	12%	14%	7%	8%	11%	5%	5%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

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Mar 2020

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Mar 2022

Mar 2023

Mar 2024

Mar 2025

Number of Associate Companies
count

x	x	x	x	x	x	x	x	x	x
x	x	x	x	x	x	x	x	x	x
x,xxx.xx	x,xxx.xx	x,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx
x,xxx.xx	x,xxx.xx	x,xxx.xx	xx,xxx.xx	x,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx
			x,xxx.xx	x,xxx.xx		xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx
			x,xxx.xx	x,xxx.xx		x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx
				x,xxx.xx		xx,xxx.xx	xx,xxx.xx	xx,xxx.xx	xx,xxx.xx
						x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx

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Number of Joint Ventures
count

Total Investment Portfolio (Consolidated)
INR Million

Total Investment Portfolio (Standalone)
INR Million ・Standalone data

Equity Method Investments - Associates (Consolidated)
INR Million

Equity Method Investments - Joint Ventures (Consolidated)
INR Million

Investment in Quoted Equity (FVTOCI, Standalone)
INR Million ・Standalone data

Investment in Unquoted Equity (FVTOCI, Standalone)
INR Million ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.13%	74.13%	74.13%	74.13%	74.13%	74.13%	74.13%	74.13%	74.13%	74.13%	74.13%	74.13%
	1.44%	1.53%	1.55%	1.70%	0.75%	0.77%	0.74%	0.75%	0.66%	0.66%	0.66%	0.70%
	0.44%	0.44%	0.01%	0.01%	0.01%	0.22%	0.22%	0.02%	0.28%	0.14%	0.14%	0.14%
	23.99%	23.91%	24.31%	24.15%	25.10%	24.87%	24.92%	25.12%	24.93%	25.06%	25.07%	25.02%
No. of Shareholders	20,788	21,114	22,911	22,589	24,213	27,840	28,899	29,788	29,342	28,308	27,575	27,271

	Dec 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	73.46%	72.71%	73.38%	73.38%	73.38%	74.13%	74.13%	74.13%	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%	0.74%	0.66%	0.70%
	1.35%	1.39%	1.33%	0.88%	0.58%	0.44%	0.44%	0.44%	0.01%	0.22%	0.14%	0.14%
	24.55%	25.22%	23.12%	24.04%	25.04%	24.32%	24.25%	24.12%	24.31%	24.92%	25.07%	25.02%
No. of Shareholders	23,916	23,280	23,477	22,725	20,606	20,101	20,787	21,530	22,911	28,899	27,575	27,271

* 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

Insights

Shareholding Pattern

Documents

Announcements

Annual reports