Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Oct - Copy of newspaper publication for another special window for relodgement of transfer requests of physical shares
Source: Bse
BF Utilities Limited (BFUTILITIE)
Small CapPower stocks · Small cap · NSE
BF Utilities Limited operates in Hydro Power, within the Power sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹439.9
-22.95 · -4.96%
Market cap ₹1,870 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result30 Sept, 04:37 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Power P/E 16.8 (n=92)
Technical timing lens
Trend score and candlestick chart
23Bearishfull bear SMA stack · SMA20 -6.3% / mo · RSI oversold · MACD −
Stock trend: 23
Sector RS: —
Power FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
BFUTILITIED candles · FIT view-22.6%Latest close ₹439.90 on 2026-10-21
Bar
-5.2%
RSI
25
MACD hist
-3.23
52W pos
17%
2026-10-21O ₹464.00H ₹464.85L ₹432.00C ₹439.90Vol 38,402 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
BFUTILITIENifty PowerNifty 500
- BFUTILITIE
- -27.3%
- Nifty 500
- -6.5%
- Nifty Power
- -14.5%
- Vs Nifty 500
- -20.8 pp
Chart stats
21 Oct 2026- From 52W high
- -46.2%
- 52W range position
- 16%
- ATR (14)
- 4.2%
- Volume vs 20D
- 0.85x
- Avg traded value
- ₹2.2 Cr
- 20D price channel
- ₹432 - ₹537.9
₹817.5
₹368.7 - ₹817.5
₹18.6
Latest completed session
20-session average
26.6% annualized volatility
Research snapshot
What the evidence says now
Strong fundamentals, management evidence is still limited to a financial-only Trust Lite signal, but price trend argues for patience. Suitable for staggered entry or watchlist confirmation rather than aggressive buying.
Strong U-Score but weak trend: timing is not confirming the thesis.
Suggested next step
Add to watchlist
Fundamental setup is interesting, but technical confirmation is weak.
U-Score
Legacy · DEEP VALUE77
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -29.5% · PAT -5300.0% YoY
Technical
Bearish23
Price trend and sector-relative-strength timing.
Valuation
Legacy model+55.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence70
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Bad · 0/100Rev -30% YoY · PAT -5300% YoY · margin compression
Filed 30 Sept 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1.7 Cr | -29.5% | -51.7% |
| EBITDA | ₹-5.4 Cr | NDF | +4.3% |
| Operating margin | -320.4% | NDF | -22529 bps |
| PAT | ₹-3.6 Cr | -5300.0% | NDF |
| PAT margin | -218.0% | NDF | -13242 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 12.20
- P/B
- 9.27
- EV/EBITDA
- 4.07
- Market Cap
- 1870.00Cr
Profitability
- ROE
- 113.00%
- ROCE
- 29.90%
- ROA
- 13.93%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 9.00%
- EPS 5Y
- 39.00%
- Revenue 3Y
- 18.00%
- EPS 3Y
- 47.00%
Balance Sheet
- Debt/Equity
- 4.61
- Interest Coverage
- 5.48×
- Altman Z
- 1.83
- Book Value
- 53.50
Cash Flow
- FCF Yield
- 26.47%
- FCF Positive Y
- 12/5
- OCF
- 540.00 Cr
- EPS TTM
- 38.86
Shareholding
- Promoter Hold
- 56.73%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 27%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 5.9+252.1% vs prev
Net Profit
₹ CrLatest: -5.0-38.2% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 25. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~6.7% over last month) — short-term momentum negative.
- RSI(14) at 25 — oversold zone; bounce conditions.
- MACD below signal but histogram contracting — bearish momentum easing.
- 44% off 52W high · 19% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
13
RS percentile
Stage 1 Base / Transition
1M return
-17.4%
3M return
-27.3%
6M return
-25.6%
1Y return
-40.3%
RS 1D
-2
RS 20D
-23
Sector rank
#12
Industry rank
#66
Stage evidence
- Price is 18.7% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +0.7% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 56.7-4.08%
RS vs Nifty 50057
Valuation & peers
U-Score 77 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 77 · legacy U-Score band DEEP VALUE · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · DEEP VALUEValuation19/30
Growth21/25
Quality20/20
Balance Sheet2/15
Cash Flow10/10
Piotroski
7/9 (+5)
Penalties
0
Raw sum
77
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
77/100 · legacy band DEEP VALUE
Positive drivers
- FCF yield is supportive at 26.5%.
- Piotroski is strong at 7/9.
- Fair-value margin of safety is positive at 55.0%.
Main drags
- Balance sheet is weaker at 2/15; verify the latest quarterly trend.
- Valuation is weaker at 19/30; verify the latest quarterly trend.
- Growth is weaker at 21/25; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
12.2
PB
9.3
EV/EBITDA
4.1
ROE
113.0%
ROCE
29.9%
FCF Yield
26.5%
Debt/Equity
4.6
MoS
+55.0%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
77
Previous: 76 (+1)
Legacy U-Score band
DEEP VALUE
Previous: DEEP VALUE
Margin of safety
+55.0%
Previous: +52.6%
Score history
12 stored score snapshots. Latest stored move: -1 points.
21 Oct 2026
v4.3-runtime-valuation
76
76
76
76
76
76
76
76
76
76
77
76
Factor attribution
Valuation
19+1
was 18
Modelled fair value
Graham Number
₹216.28
-103.4% MoS
Growth-justified P/E
25.1
Growth-justified Value
₹976.55
+55.0% MoS
PEG
0.29
Comparable companies
Peers
Business-comparable peers in Power — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
GKENERGY
Small
GK Energy Limited
Power Generation
match 137
80
10.0
37.3%
+63%
DEEP VALUE
KPEL
Small
K.P. Energy Limited
Power Generation
match 137
82
8.0
43.4%
+72%
DEEP VALUE
GIPCL
Small
Gujarat Industries Power Company Limited
Power Generation
match 135
79
7.8
14.2%
+60%
DEEP VALUE
PANAMAPET
Small
Panama Petrochem Limited
Power Generation
match 134
73
6.1
15.6%
+75%
UNDERVALUED
SOLEX
Small
Solex Energy Limited
Power Generation
match 134
78
9.3
46.5%
+67%
DEEP VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
BF Utilities Limited operates in Hydro Power, within the Power sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
70Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 63rd percentile of the scored universe and 73rd percentile within Power. Main check: results consistency is weak at 17/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
4 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
63rd percentile
overall median 67 · Power: 73rd pctile, median 65 · Small: 65th pctile, median 66
Evidence depth
Financial-only
4 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
48
watch · leverage and solvency
Discipline
90
strong · capital discipline
Results
17
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 56.7%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 24.2%.
- ▸12 years of positive FCF.
Trust risks
- ▸Debt/equity is 4.61.
- ▸4 latest quarters had PAT decline worse than 25% YoY.
- ▸0/4 latest quarters had positive YoY PAT growth.
- ▸OPM spread across recent quarters is 341.3%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching BF Utilities Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Oct
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 30 Sep - FY26 audited consolidated PAT rose to Rs 340.12 crore; board approved results, adverse audit opinion, appointed Kirtane & Pandit LLP.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 30 Sep - FY26 consolidated profit rose to Rs34,012 lakh; board appointed Kirtane & Pandit LLP, auditors issued adverse opinion.
Source: Bse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Directorate 7 Sep - Ajay Charuchandra Kirtane appointed Additional Independent Director for five years, effective September 7, 2026, pending postal ballot approval.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Sep - Copy of newspaper publication w.r.t postal ballot
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 7 Sep - BF Utilities appointed Ajay Charuchandra Kirtane as additional independent director for five years, subject to postal ballot approval.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement Under Reg 30- Intimation Of Fine 1 Jul - NSE and BSE levied Rs. 1,71,100 each fine for FY26 results delay, paid July 1, 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Reg 30- General Announcement- Intimation Of Fine 15 Sep - BSE levied Rs. 1,53,400 fine for delayed June 30, 2026 consolidated results.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Aug - Copy of newspaper publication for Standalone Unaudited Financial Results for the quarter ended June 30, 2026
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 15 Aug - Copy of newspaper publication for Standalone Unaudited Financial Results for the quarter ended June 30, 2026
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Jun - Copy of newspaper publication for another special window for re-lodgement of transfer requests of Physical shares
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.