BF Utilities Limited (BFUTILITIE) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of BF Utilities Limited ₹851, price ₹524, upside +62.4%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹264.90 – ₹1,112 · fair‑value band ₹652.35 – ₹1,107 · the ₹524.45 price screens below the ₹851.42 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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BF Utilities Limited, together with its subsidiaries, engages in the infrastructure business in India. The company develops the Bangalore Mysore Infrastructure Corridor Project and operates a 30 kilometers bypass road connecting the twin cities of Hubli and Dharwad in North Karnataka.
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BF Utilities Limited, together with its subsidiaries, engages in the infrastructure business in India. The company develops the Bangalore Mysore Infrastructure Corridor Project and operates a 30 kilometers bypass road connecting the twin cities of Hubli and Dharwad in North Karnataka. In addition, the company involved in electricity generation through windmills. The company was incorporated in 2000 and is based in Pune, India.
Stock analysis
BF Utilities Limited (BFUTILITIE) currently trades at ₹524.45, while our model-based Fair Value estimate is ₹851.42, implying the stock looks roughly 38.4% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹1,274 per share, and 20 of the 24 models we run sit above the ₹524.45 price.
Bear case: the Economic Profit group reads lowest at ₹229.99, and 4 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹652.35 (bear) to ₹1,107 (bull), the price of ₹524.45 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
BF Utilities Limited reported revenue of ₹8.4B in FY2025 versus ₹3.7B in FY2021, a compound +22.6%/yr. Reported net income was ₹1.5B in FY2025.
Key figures
Market cap ₹23.4B (≈ $244M) · P/E ratio 12.5 · P/S ratio 2.18 · EPS (TTM) ₹42.02 · Net margin 17.5% · Return on equity 37.0% · Return on assets (EBIT) 19.1% · Operating margin 68.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 41% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 13% fair-value upside, at 62%, BFUTILITIE screens cheaper than that median.
Fair Value models
Bear ₹652.35Fair Value ₹851.42Bull ₹1,107
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (₹42.02 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+37.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.7%
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.2%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+38.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+38.2%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.38.2% vs 16.3%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.46% → 66%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−4.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about −7.8% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Infrastructure Operations · 67 stocks
Beats the industry median on 10/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+62.3% · Above median
Profitability
Return on equity (TTM)37.0% · Top 25%
Return on assets14.5% · Top 25%
Net margin (TTM)17.9% · Above median
Operating margin (TTM)68.7% · Top 25%
Growth and dividend
Revenue growth12.0% · Top 25%
Balance sheet
Debt / equity3.94× · Highest 25%
Valuation Multiplesvs Infrastructure Operations median · lower = cheaper
P/E (TTM)12.5× · Cheaper than median
P/B11.61× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is BF Utilities Limited (BFUTILITIE) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹851.42 versus a price of ₹524.45, about +62% upside (undervalued).
What is the fair value of BFUTILITIE?
Our model-based fair value for BF Utilities Limited is ₹851.42 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹524.45.
What is the quality score of BFUTILITIE?
BF Utilities Limited has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for BF Utilities Limited (BFUTILITIE)?
Our model-based price target is the fair value of ₹851.42 (as of Sep 27, 2026) from 24 valuation models. Cautious scenario ₹652.35, optimistic scenario ₹1,107. It is a calculation from audited fundamentals, not an analyst target.
What is the BF Utilities Limited stock forecast for 2026?
Our models put fair value at ₹851.42, about +62% upside versus a price of ₹524.45 (undervalued). Cautious scenario ₹652.35, optimistic scenario ₹1,107. The calculation is refreshed regularly with new filings.
What is the revenue of BF Utilities Limited (BFUTILITIE)?
BF Utilities Limited reported trailing-twelve-month revenue of about ₹8.9B (latest available figure, as of Sep 27, 2026).
What growth is priced into BF Utilities Limited (BFUTILITIE)?
For today's price to be fair in a discounted-cash-flow model, BF Utilities Limited would have to grow free cash flow by -4.0 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +9.4 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of BFUTILITIE use?
Our models discount BF Utilities Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.35, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For BF Utilities Limited that is -4.0 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has BF Utilities Limited (BFUTILITIE) delivered so far?
Over the past 5 years revenue at BF Utilities Limited grew +9.4 % a year. The price currently implies -4.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of BF Utilities Limited (BFUTILITIE) growing?
The median revenue growth in the sector is +2.1 % a year. That is the yardstick for the growth priced into BF Utilities Limited (-4.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of BF Utilities Limited (BFUTILITIE)?
The free-cash-flow yield on the price is 20.94 %: that much free cash flow BF Utilities Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of BF Utilities Limited (BFUTILITIE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BF Utilities Limited it is ₹851.42 per share (as of Sep 27, 2026), against a price of ₹524.45. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is BF Utilities Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, BFUTILITIE trades below its calculated fair value: price ₹524.45, fair value ₹851.42, a gap of about +62% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BFUTILITIE?
No. The price is what the market pays today (₹524.45); the fair value is what the company's own numbers justify (₹851.42). For BF Utilities Limited the two are ₹326.97 per share apart. That gap is exactly why we show both numbers side by side.
How much is BF Utilities Limited worth?
The market values BF Utilities Limited at about ₹23.4B (market capitalisation, as of Sep 27, 2026). Per share that is ₹524.45; our models calculate a fair value of ₹851.42 per share.
What do the bullish and bearish scenarios say about BFUTILITIE?
Our models span a range for BF Utilities Limited: cautious scenario ₹652.35, base ₹851.42, optimistic ₹1,107 per share (as of Sep 27, 2026, price ₹524.45). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BFUTILITIE?
BF Utilities Limited trades at a price-to-earnings ratio of 12.5 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹851.42 is built from several models across several years. Other multiples: P/B 11.6, P/S 2.6, EV/EBITDA 4.3.
How solid is the balance sheet of BF Utilities Limited (BFUTILITIE)?
Balance-sheet figures for BF Utilities Limited (as of Sep 27, 2026): return on equity 37.0%, debt of 3.94 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is BFUTILITIE from its 52-week high?
BF Utilities Limited trades at ₹524.45, about 37% below its 52-week high of ₹834.25 and 41% above the low of ₹371.70 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of ₹851.42 is for.
Which stocks are comparable to BF Utilities Limited?
From the same area (Industrials) we also value Transurban Group, China Merchants Expressway Network & Technology Holdings, Jiangsu Expressway Company, Shandong Hi-speed Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is BF Utilities Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹524.45, calculated fair value ₹851.42 (+62%), Quality Score 70/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BFUTILITIE calculated?
We run BF Utilities Limited through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹851.42, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9 % above its aggregate fair value. BF Utilities Limited currently trades 62 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of BF Utilities Limited (BFUTILITIE)?
The closing price on Sep 25, 2026 was ₹524.45. Our model-based fair value is ₹851.42, about +62% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BF Utilities Limited right now?
The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (₹652.35). The market is more pessimistic than our downside scenario.
Where does the earnings growth of BF Utilities Limited (BFUTILITIE) come from?
Earnings per share at BF Utilities Limited grew +18.8 % a year from 2015 to 2025. Broken into its drivers: revenue per share +9.0 %, EBIT margin +5.7 %, tax rate −4.3 %, residual (interest, one-offs) +7.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of BF Utilities Limited
How large is the market capitalisation of BF Utilities Limited (BFUTILITIE)?
The market capitalisation of BF Utilities Limited is ₹23.4B (≈ $244M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of BF Utilities Limited (BFUTILITIE)?
The price-to-sales ratio of BF Utilities Limited is 2.18 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BF Utilities Limited (BFUTILITIE)?
Earnings per share at BF Utilities Limited are ₹42.02 (price ÷ EPS = P/E 12.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of BF Utilities Limited (BFUTILITIE)?
The net margin of BF Utilities Limited is 17.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of BF Utilities Limited (BFUTILITIE)?
The return on equity (ROE) of BF Utilities Limited is 37.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of BF Utilities Limited (BFUTILITIE)?
On an EBIT basis the return on assets of BF Utilities Limited is 19.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of BF Utilities Limited (BFUTILITIE)?
The operating margin of BF Utilities Limited is 68.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BF Utilities Limited (BFUTILITIE)?
Revenue at BF Utilities Limited is growing +12.0% versus a year earlier (3y avg +17.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at BF Utilities Limited (BFUTILITIE)?
Earnings per share at BF Utilities Limited are growing +20.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does BF Utilities Limited (BFUTILITIE) carry?
The net debt of BF Utilities Limited is ₹7.2B (fiscal year 2025, ≈ 1.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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