BF Utilities Ltd

BF Utilities Ltd

₹ 772 2.80%
28 Mar - close price
About

Incorporated in 2000, BF Utilities Ltd is engaged in the generation of electricity through wind mills and Infrastructure activities. [1]

Key Points

Products
The Company primarily generates wind power which is then utilised by Bharat Forge Ltd. at its plant in Pune. Other than that it is involved in the infrastructure business. [1][2]

  • Market Cap 2,907 Cr.
  • Current Price 772
  • High / Low 978 / 296
  • Stock P/E
  • Book Value 37.0
  • Dividend Yield 0.00 %
  • ROCE 4.38 %
  • ROE 4.25 %
  • Face Value 5.00

Pros

Cons

  • Stock is trading at 20.8 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 3.96% over past five years.
  • Company has a low return on equity of 1.73% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
1.88 1.17 4.30 6.89 4.04 3.15 5.34 7.68 2.96 2.05 5.36 10.29 1.37
3.62 2.65 4.91 7.85 3.10 2.88 5.74 6.83 3.42 3.12 5.76 9.15 2.77
Operating Profit -1.74 -1.48 -0.61 -0.96 0.94 0.27 -0.40 0.85 -0.46 -1.07 -0.40 1.14 -1.40
OPM % -92.55% -126.50% -14.19% -13.93% 23.27% 8.57% -7.49% 11.07% -15.54% -52.20% -7.46% 11.08% -102.19%
0.73 0.72 0.65 0.57 0.57 5.39 0.37 0.35 7.34 0.53 0.49 0.55 0.60
Interest 0.11 0.11 0.11 0.03 0.03 0.03 0.03 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.90 0.88 0.61 0.62 0.62 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.18
Profit before tax -2.02 -1.75 -0.68 -1.04 0.86 5.45 -0.24 1.02 6.70 -0.72 -0.09 1.51 -0.98
Tax % 11.88% 59.43% 30.88% 10.58% 5.81% 37.25% 20.83% -4.90% 11.64% -43.06% 55.56% 3.31% 26.53%
-1.78 -0.70 -0.48 -0.93 0.82 3.41 -0.19 1.07 5.92 -1.02 -0.04 1.47 -0.72
EPS in Rs -0.47 -0.19 -0.13 -0.25 0.22 0.90 -0.05 0.28 1.57 -0.27 -0.01 0.39 -0.19
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Sep 2012 Sep 2013 Sep 2014 Sep 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
36.40 27.93 23.47 19.07 5.21 21.25 14.85 17.81 19.25 14.59 18.38 18.03 19.07
10.83 13.15 11.87 8.62 3.63 7.41 11.27 16.85 16.83 16.42 18.16 19.09 20.80
Operating Profit 25.57 14.78 11.60 10.45 1.58 13.84 3.58 0.96 2.42 -1.83 0.22 -1.06 -1.73
OPM % 70.25% 52.92% 49.42% 54.80% 30.33% 65.13% 24.11% 5.39% 12.57% -12.54% 1.20% -5.88% -9.07%
0.72 1.68 1.73 4.24 0.04 4.10 18.40 31.94 4.51 2.43 6.60 8.58 2.17
Interest 4.23 4.03 5.84 5.61 0.41 5.85 3.57 2.45 1.09 0.56 0.21 0.04 0.00
Depreciation 6.09 6.13 6.11 4.79 1.94 3.87 3.86 3.86 3.87 3.57 2.02 0.71 0.72
Profit before tax 15.97 6.30 1.38 4.29 -0.73 8.22 14.55 26.59 1.97 -3.53 4.59 6.77 -0.28
Tax % 18.22% 22.38% 5.80% -23.78% -38.36% 11.19% -8.73% -2.22% -27.92% 51.27% 38.34% 14.62%
13.06 4.89 1.29 5.31 -1.01 7.30 15.82 27.17 2.52 -1.72 2.83 5.77 -0.31
EPS in Rs 3.46 1.30 0.34 1.41 -0.27 1.94 4.20 7.21 0.67 -0.46 0.75 1.53 -0.08
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -7%
5 Years: 4%
3 Years: -2%
TTM: 0%
Compounded Profit Growth
10 Years: -8%
5 Years: -18%
3 Years: 32%
TTM: -103%
Stock Price CAGR
10 Years: 1%
5 Years: 32%
3 Years: 47%
1 Year: 161%
Return on Equity
10 Years: 6%
5 Years: 6%
3 Years: 2%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Sep 2012 Sep 2013 Sep 2014 Sep 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 18.83 18.83 18.83 18.83 18.83 18.83 18.83 18.83 18.83 18.83 18.83 18.83 18.83
Reserves 48.09 52.98 54.27 59.58 58.57 66.13 82.08 109.27 111.68 110.07 113.44 119.27 120.73
104.06 96.76 106.72 75.39 81.89 62.33 46.41 36.99 30.17 24.93 20.92 18.63 17.73
49.66 50.21 52.47 53.25 46.08 65.65 59.17 52.17 47.80 37.48 33.21 33.21 34.91
Total Liabilities 220.64 218.78 232.29 207.05 205.37 212.94 206.49 217.26 208.48 191.31 186.40 189.94 192.20
44.14 38.01 31.90 27.41 25.48 21.62 17.76 13.93 10.10 6.54 4.54 3.84 3.50
CWIP 0.00 0.00 2.87 7.44 7.82 11.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 105.63 105.63 135.29 105.63 114.00 112.43 111.15 110.89 110.51 110.56 111.06 110.84 110.85
70.87 75.14 62.23 66.57 58.07 67.70 77.58 92.44 87.87 74.21 70.80 75.26 77.85
Total Assets 220.64 218.78 232.29 207.05 205.37 212.94 206.49 217.26 208.48 191.31 186.40 189.94 192.20

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Sep 2012 Sep 2013 Sep 2014 Sep 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
28.33 13.78 6.81 7.17 3.64 22.18 10.77 0.82 0.48 -3.07 0.32 -2.45
-4.99 -13.33 -11.88 28.91 -8.73 -1.32 -3.96 9.66 22.59 -2.64 -2.83 3.82
-15.14 -11.10 5.36 -36.84 5.62 -14.30 -13.05 -12.16 -6.17 -3.77 -4.22 -2.32
Net Cash Flow 8.20 -10.65 0.29 -0.75 0.52 6.55 -6.24 -1.68 16.89 -9.47 -6.74 -0.95

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Sep 2012 Sep 2013 Sep 2014 Sep 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 62.07 57.11 1.24 49.19 49.04 155.62 41.05 37.30 6.64 0.00 0.60 0.00
Inventory Days
Days Payable
Cash Conversion Cycle 62.07 57.11 1.24 49.19 49.04 155.62 41.05 37.30 6.64 0.00 0.60 0.00
Working Capital Days -330.20 -469.68 -542.60 -603.68 -2,405.08 -632.44 -978.49 -882.27 -757.87 -355.49 -204.74 -200.01
ROCE % 11.90% 6.08% 4.13% 2.73% -0.19% 9.20% 12.09% 18.59% 1.88% -1.89% 3.13% 4.38%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
56.74% 56.74% 56.74% 56.74% 56.74% 56.74% 56.74% 56.74% 56.74% 56.74% 56.74% 56.74%
0.28% 0.28% 0.28% 0.32% 0.43% 0.39% 0.51% 0.49% 0.43% 0.39% 0.94% 0.78%
0.10% 0.09% 0.10% 0.10% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.13% 0.09%
42.88% 42.89% 42.88% 42.84% 42.74% 42.77% 42.65% 42.67% 42.74% 42.77% 42.19% 42.39%
No. of Shareholders 46,86849,01758,28257,39757,56558,03856,85456,42856,18655,18944,25946,044

* 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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