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NSE:BFUTILITIE

BF UTILITIES LIMITED

Services › Transport Infrastructure
₹434.25
at close · 28 Oct 2026
▼ 15.75 (-3.50%)

Latest filings

  1. BF Utilities shareholders approve Ajay Kirtane as Independent Director · Management Changes
  2. Postal ballot result: Independent Director appointed · Management Changes
  3. Postal ballot for appointment of Independent Director concluded · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Operates in two segments: Windmills and Infrastructure. The Windmills segment generated Rs 22.9119 crore in FY26, accounting for 68.7% of segment revenue, from power generation through wind energy assets. The Infrastructure segment generated Rs 10.4288 crore, 31.3% of segment revenue, from toll road assets held through three subsidiaries — Nandi Infrastructure Corridor Enterprise (NICE), Nandi Economic Corridor Enterprises (NECE), and Nandi Highway Developers (NHDL). Toll operations at NHDL ended in September 2024, leaving uncertainty around a Rs 26.07 crore investment in that subsidiary. An Rs 37 crore advance to NECE has been outstanding for over 14 years. Other operating expenses at 124.3% of revenue are by far the largest cost line, against employee costs of 13.9% and depreciation of 3.4%. FY26 revenue was Rs 18.8607 crore with net profit of Rs 2.234 crore and EBITDA margin of 33.802%. The company has faced repeated exchange fines for delayed financial filings and prior non-compliance with board composition rules under SEBI LODR.

Revenue mix · reported segments
Windmills68.7%
Infrastructure31.3%
Operating scale
Subsidiaries
3 (NICE, NECE, NHDL)FY26
NHDL toll operations
Ended September 2024FY26
Investment in NHDL
Rs 26.07 croreFY26
Advance to NECE outstanding
Rs 37 crore (14+ years)FY26
Total assets
Rs 201.9656 croreFY26
Who pays it
Power buyers for wind energy; toll road users and government counterparties for infrastructure assets
Biggest cost
Other operating expenses at 124.3% of revenue
Kind of business
Asset-heavy holding company combining wind power generation with toll-road infrastructure
Where it sits
Classified under Road Assets - Toll Annuity Hybrid-Annuity within the Services sector
Market Cap
₹1,636 Cr
P / E (TTM)
10.3×
EV / EBITDA
3.5×
Div Yield
0.50%
Growth
9.4%▲
Revenue 5y CAGR
PAT +65.3% · EBITDA +16.5%
Quality
24.7%▲
ROCE (5y median)
ROE n/m · margin 77.0%
Leverage
0.97·
Debt / Equity · moderate
Net debt ₹790 Cr
Revenue FY20→FY25
1.6×▲
Margin +35.3 pts
₹535 Cr → ₹837 Cr
Cash conversion
2.14×▲
Operating cash ÷ profit · 5 yrs
₹2,076 Cr on ₹969 Cr
Moves on a normal day
1.63%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 14 Transport Infrastructure peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#2/10
P/B#6/11
ROCE#3/14
ROE#2/11
Debt / Equity#9/11
EBITDA margin#2/15
Revenue growth#7/12
Profit growth#6/13

Scorecard

Measured from the filed financials, judged against its Transport Infrastructure peers · as of FY25 — not investment advice

Strengths
Profit compounding 65% a year over 5 years
Returns on capital 24.7% (5-year median)
#3 of 14 in Transport Infrastructure on the latest reported figures · up from 13.5% in FY20
Over 5 years it reported ₹969 Cr of profit and ₹2,076 Cr of operating cash — 2.14×
Profit is converting into cash
Concerns
Carries more debt than its peers — 0.97× equity
higher than 80% of its 11 Transport Infrastructure peers
EPS grew slower than profit — the share count rose (bonus or dilution)

Charts

How has the market priced it — with filings on the timeline?

BFUTILITIE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from BF UTILITIES LIMITED's filed financials and exchange disclosures

What does BF UTILITIES LIMITED do?

BF UTILITIES LIMITED is a Transport Infrastructure company listed on NSE and BSE, trading under the symbol BFUTILITIE.

Is BF UTILITIES LIMITED profitable?

Yes. Over the trailing twelve months BF UTILITIES LIMITED reported a net profit of ₹381 Cr on revenue of ₹886 Cr.

Does BF UTILITIES LIMITED pay a dividend?

Yes. The dividend yield is 0.50% at the current price. It paid out 2% of its profit as dividend in FY25.

Is BF UTILITIES LIMITED debt-free?

No. It reported borrowings of ₹802 Cr on its 30 Sept 2025 balance sheet, or net debt of ₹790 Cr after cash. Debt stands at 0.97× equity. That is higher than 80% of its 11 Transport Infrastructure peers.

Is BF UTILITIES LIMITED expensive compared with its peers?

On trailing P/E, BF UTILITIES LIMITED ranks 2 of 10 in Transport Infrastructure — cheaper than 89% of them, against an industry median of 15.8×. This is a position, not a valuation judgement.

How much does the BF UTILITIES LIMITED share price move in a day?

On a typical session BF UTILITIES LIMITED moves 1.63% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track BF UTILITIES LIMITED's announcements?

Every NSE and BSE filing by BF UTILITIES LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.