BFUTILITIE
BF Utilities share price & financials
- Price
- ₹659.5
- Market cap
- ₹2.1k Cr
- Sector
- Services
What BF Utilities Limited does
BF Utilities Limited operates wind power generation assets in India, evidenced by a dedicated Windmill Site In-Charge role among its senior management personnel. The company is headquartered in Pune, Maharashtra, and shares directors and promoter-group affiliation (including Kalyani Investment Company Limited) with other Kalyani Group entities. Its equity is listed on the NSE (symbol BFUTILITIE) and BSE (scrip code 532430).
- Windmill site(s) operated
- At least one dedicated windmill site (Senior Management Personnel role: Windmill Site In-Charge)
Quarterly results
Q1 FY27: revenue up 1.9%, net profit down 178.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9 | 2 | 2 | 6 | 8 −11% | 3 +88% | 2 −30% | 6 +2% |
| EBITDA | 1 | -1 | -1 | -2 | 2 +111% | -2 −25% | -5 −855% | -6 −175% |
| Net profit | -1 | -1 | 0 | 6 | 2 +285% | -2 −276% | -4 −5300% | -5 −178% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −31.5% 1Y
1Y: ₹801.3 on 10 Sept 2025 → ₹548.9. High ₹857.65 (23 Sept 2025), low ₹371.7 (30 Mar 2026).
Financials, as filed
Revenue grew 1.5% a year over 3 years, FY23 to FY26. Operating margin narrowed to -38.3%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹18 Cr | ₹19 Cr | ₹19 Cr | ₹19 Cr |
| Operating profit | ₹-1 Cr | ₹-2 Cr | ₹-1 Cr | ₹-7 Cr |
| Operating margin | -6.0% | -9.2% | -4.9% | -38.3% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Net profit | ₹6 Cr | ₹10 Cr | ₹16 Cr | ₹2 Cr |
| Net margin | 32.1% | 52.0% | 86.0% | 11.9% |
| Cash from operations | ₹-2 Cr | ₹-5 Cr | ₹-24 Cr | ₹-11 Cr |
| Free cash flow | ₹-2 Cr | ₹-5 Cr | ₹-24 Cr | ₹-11 Cr |
| ROCE | 4.4% | 8.6% | 12.8% | 3.9% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹19 Cr | ₹19 Cr | ₹19 Cr | ₹19 Cr | ₹19 Cr | ₹19 Cr |
| Reserves | ₹110 Cr | ₹113 Cr | ₹119 Cr | ₹113 Cr | ₹154 Cr | ₹148 Cr |
| Borrowings | ₹25 Cr | ₹21 Cr | ₹19 Cr | ₹1.1k Cr | ₹10 Cr | ₹0 Cr |
| Other liabilities | ₹37 Cr | ₹33 Cr | ₹33 Cr | ₹1.2k Cr | ₹36 Cr | ₹35 Cr |
| Total liabilities | ₹191 Cr | ₹186 Cr | ₹190 Cr | ₹2.4k Cr | ₹218 Cr | ₹202 Cr |
| Fixed assets | ₹7 Cr | ₹5 Cr | ₹4 Cr | ₹1.4k Cr | ₹2 Cr | ₹2 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹36 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹111 Cr | ₹111 Cr | ₹111 Cr | ₹74 Cr | ₹111 Cr | ₹111 Cr |
| Other assets | ₹74 Cr | ₹71 Cr | ₹75 Cr | ₹980 Cr | ₹105 Cr | ₹89 Cr |
| Total assets | ₹191 Cr | ₹186 Cr | ₹190 Cr | ₹2.4k Cr | ₹218 Cr | ₹202 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 7% to 46,840.
- Promoters
- 56.7%
- FIIs
- 1.6%
- DIIs
- 0.1%
- Public
- 41.6%
Since Jun 2025
- DIIs −0.08 pp
- FIIs +0.06 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 56.7%, FIIs 0.9%, DIIs 0.1%, Public 42.2%.Dec '23: Promoters 56.7%, FIIs 0.8%, DIIs 0.1%, Public 42.4%.Mar '24: Promoters 56.7%, FIIs 0.9%, DIIs 0.1%, Public 42.3%.Jun '24: Promoters 56.7%, FIIs 0.9%, DIIs 0.1%, Public 42.3%.Sep '24: Promoters 56.7%, FIIs 1.1%, DIIs 0.1%, Public 42.0%.Dec '24: Promoters 56.7%, FIIs 1.5%, DIIs 0.1%, Public 41.6%.Mar '25: Promoters 56.7%, FIIs 1.7%, DIIs 0.1%, Public 41.5%.Jun '25: Promoters 56.7%, FIIs 1.6%, DIIs 0.1%, Public 41.6%.Sep '25: Promoters 56.7%, FIIs 1.6%, DIIs 0.1%, Public 41.5%.Dec '25: Promoters 56.7%, FIIs 1.6%, DIIs 0.1%, Public 41.6%.Mar '26: Promoters 56.7%, FIIs 1.6%, DIIs 0.1%, Public 41.6%.Jun '26: Promoters 56.7%, FIIs 1.6%, DIIs 0.1%, Public 41.6%.
Who is on the register
Named in the Jun 2026 filing
Every holder of BF Utilities Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Ajinkya Investment And Trading Company | 17.65% | unchanged |
| Kalyani Investment Company Limited | 16.45% | unchanged |
| Ksl Holdings Private Limited | 11.56% | unchanged |
| Krutadnya Management And Trading Services LLP | 3.98% | unchanged |
| Pih Finvest Company Limited | 3.78% | unchanged |
| Bf Investment Limited | 3.15% | unchanged |
| Hirak Leasing And Investments Pvt Ltd | 1.70% | unchanged |
| Jannhavi Investment Pvt. Ltd. | 1.22% | unchanged |
| Stock Planet Private Limited | 1.03% | unchanged |
| Radhakishan Shivkishan Damani | 1.01% | unchanged |
| Sundaram Trading And Investment Pvt Ltd | 0.64% | unchanged |
| Rajgad Trading Company Pvt.Ltd. | 0.40% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse BF Utilities Limited
Guides on how to read this kind of business and the numbers that matter.