---
title: "BF Utilities Ltd (BFUTILITIE) — Share Price, Financials & Analysis"
symbol: "BFUTILITIE"
company: "BF Utilities Ltd"
canonical: "https://tapetide.com/stocks/BFUTILITIE"
isin: "INE243D01012"
nse_symbol: "BFUTILITIE"
bse_code: "532430"
sector: "Transport"
industry: "Toll Road Assets"
market_cap_cr: 2000.34
generated_at: "2026-09-13T19:20:28.146Z"
---

# BF Utilities Ltd (BFUTILITIE)

Canonical page: https://tapetide.com/stocks/BFUTILITIE

## Company

- **NSE Symbol:** BFUTILITIE
- **BSE Code:** 532430
- **ISIN:** INE243D01012
- **Sector:** Transport
- **Industry:** Toll Road Assets
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2001-06-16
- **CEO:** Mr. Bhalchandra Shankar Mitkari
- **Employees:** 7
- **Face Value:** ₹5
- **F&O Eligible:** No
- **Website:** bfutilities.com

## About

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

## Latest Price

- **Price:** ₹548.9
- **Change:** +4.45 (+0.82%)
- **Open:** ₹541.95
- **Day High:** ₹567
- **Day Low:** ₹528.9
- **Previous Close:** ₹544.45
- **Volume:** 275682
- **As Of:** 2026-09-11T10:27:40+00:00

## Key Fundamentals

Observed at 2026-09-11T04:40:52.181501Z.

- **Market Cap:** ₹2000.34 Cr
- **Classification:** Microcap
- **P/E (reported):** -222.1
- **EPS (TTM):** ₹-2.45
- **Book Value:** ₹44.23
- **Price to Book:** 12.31
- **Dividend Yield:** 0%
- **ROE:** 35.35%
- **ROCE:** 28.05%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹861.7 Cr
- **Net Income:** ₹337.8 Cr
- **EBITDA:** ₹644.2 Cr
- **52-Week High:** ₹898.7
- **52-Week Low:** ₹368.7
- **RSI (14):** 53.26

## Tapetide Score

- **Score:** 50 / 100
- **Score date:** 2026-09-04
- **Archetype:** Losing Momentum
- **What it means:** A capable business whose price trend has turned while the multiple is still demanding. Often a re-rating in progress rather than a broken company — watch whether earnings stay resilient.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Falling
- **Percentile:** 47.7 (of 4473 scored stocks)
- **Confidence:** 93%
- **Data coverage:** 86%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 76.94 | 9% |
| growth | 25.58 | 9% |
| momentum | 41.56 | 12% |
| ownership | 53.86 | 24% |
| quality | 60.51 | 22% |
| valuation | 45.82 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has reduced debt.
- Company is almost debt free.

### Weaknesses

- Stock is trading at 12.4 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 5.27% over past five years.
- Company has a low return on equity of 6.15% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | -7.42% | 23.78% | 167.35% |
| ebitda margin growth | 1.09% | 23.2% | 12.64% | 16.85% |
| net income growth | 4.47% | 11.3% | -24% | 28% |
| revenue growth | 2.14% | -12.83% | 2% | 5% |
| roce | 1.21% | 7.97% | 13.65% | 21.02% |
| roe | 4.41% | -26.98% | 53.84% | -62.55% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 10.29 | 1.37 | 2.38 | 5.45 | 8.92 | 1.84 | 2.37 | 5.77 | 7.97 | 3.46 | 1.67 | 5.88 |
| Expenses | 9.15 | 2.77 | 3.51 | 5.38 | 8.13 | 3.05 | 2.93 | 7.8 | 6.3 | 4.97 | 7.02 | 11.47 |
| Operating Profit | 1.14 | -1.4 | -1.13 | 0.07 | 0.79 | -1.21 | -0.56 | -2.03 | 1.67 | -1.51 | -5.35 | -5.59 |
| OPM % | 11.08 | -102.19 | -47.48 | 1.28 | 8.86 | -65.76 | -23.63 | -35.18 | 20.95 | -43.64 | -320.36 | -95.07 |
| Other Income | 0.55 | 0.6 | 14.55 | 19.55 | 1.54 | 1.02 | 0.99 | 11.49 | 1.07 | -1.1 | 2.14 | 0.72 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.18 | 0.18 | 0.18 | 0.18 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.16 | 0.14 | 0.14 |
| Profit before tax | 1.51 | -0.98 | 13.24 | 19.44 | 2.16 | -0.36 | 0.26 | 9.29 | 2.57 | -2.77 | -3.35 | -5.01 |
| Tax % | 3.31 | -26.53 | 29.23 | 9.98 | 144.91 | 72.22 | 73.08 | 30.89 | 30.74 | -15.88 | 8.66 | 0.4 |
| Net Profit | 1.47 | -0.72 | 9.38 | 17.5 | -0.97 | -0.62 | 0.07 | 6.42 | 1.79 | -2.33 | -3.64 | -5.03 |
| EPS in Rs | 0.39 | -0.19 | 2.49 | 4.64 | -0.26 | -0.16 | 0.02 | 1.7 | 0.47 | -0.62 | -0.97 | -1.33 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 14.85 | 17.81 | 19.25 | 14.59 | 18.38 | 18.03 | 19.4 | 18.58 | 18.86 | 18.98 |
| Expenses | 11.27 | 16.85 | 16.83 | 16.42 | 18.16 | 19.09 | 21.19 | 19.49 | 26.08 | 29.76 |
| Operating Profit | 3.58 | 0.96 | 2.42 | -1.83 | 0.22 | -1.06 | -1.79 | -0.91 | -7.22 | -10.78 |
| OPM % | 24.11 | 5.39 | 12.57 | -12.54 | 1.2 | -5.88 | -9.23 | -4.9 | -38.28 | -56.8 |
| Other Income | 18.4 | 31.94 | 4.51 | 2.43 | 6.6 | 8.58 | 16.19 | 23.1 | 13.59 | 2.83 |
| Interest | 3.57 | 2.45 | 1.09 | 0.56 | 0.21 | 0.04 | 0 | 0 | 0 | 0 |
| Depreciation | 3.86 | 3.86 | 3.87 | 3.57 | 2.02 | 0.71 | 0.71 | 0.68 | 0.64 | 0.61 |
| Profit before tax | 14.55 | 26.59 | 1.97 | -3.53 | 4.59 | 6.77 | 13.69 | 21.51 | 5.73 | -8.56 |
| Tax % | -8.73 | -2.22 | -27.92 | -51.27 | 38.34 | 14.62 | 26.3 | 25.66 | 61.08 | — |
| Net Profit | 15.82 | 27.17 | 2.52 | -1.72 | 2.83 | 5.77 | 10.09 | 15.99 | 2.23 | -9.21 |
| EPS in Rs | 4.2 | 7.21 | 0.67 | -0.46 | 0.75 | 1.53 | 2.68 | 4.24 | 0.59 | -2.45 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 18.83 | 18.83 | 18.83 | 18.83 | 18.83 | 18.83 | 18.83 | 18.83 | 18.83 | 18.83 |
| Reserves | 66.13 | 82.08 | 109.27 | 111.68 | 110.07 | 113.44 | 119.27 | 129.46 | 145.46 | 147.74 |
| Borrowings | 62.33 | 46.41 | 36.99 | 30.17 | 24.93 | 20.92 | 18.63 | 13 | 10.5 | 0.08 |
| Other Liabilities | 65.65 | 59.17 | 52.17 | 47.8 | 37.48 | 33.21 | 33.21 | 33.89 | 33.71 | 35.32 |
| Total Liabilities | 212.94 | 206.49 | 217.26 | 208.48 | 191.31 | 186.4 | 189.94 | 195.18 | 208.5 | 201.97 |
| Fixed Assets | 21.62 | 17.76 | 13.93 | 10.1 | 6.54 | 4.54 | 3.84 | 3.15 | 2.52 | 1.96 |
| CWIP | 11.19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 112.43 | 111.15 | 110.89 | 110.51 | 110.56 | 111.06 | 110.84 | 110.94 | 111.04 | 111.1 |
| Other Assets | 67.7 | 77.58 | 92.44 | 87.87 | 74.21 | 70.8 | 75.26 | 81.09 | 94.94 | 88.91 |
| Total Assets | 212.94 | 206.49 | 217.26 | 208.48 | 191.31 | 186.4 | 189.94 | 195.18 | 208.5 | 201.97 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 22.18 | 10.77 | 0.82 | 0.48 | -3.07 | 0.32 | -2.45 | -4.87 | -23.68 | -11.45 |
| Cash from Investing Activity | -1.32 | -3.96 | 9.66 | 22.59 | -2.64 | -2.83 | 3.82 | 11.53 | 24.95 | 21.71 |
| Cash from Financing Activity | -14.3 | -13.05 | -12.16 | -6.17 | -3.77 | -4.22 | -2.32 | -5.63 | -2.5 | -10.5 |
| Net Cash Flow | 6.55 | -6.24 | -1.68 | 16.89 | -9.47 | -6.74 | -0.95 | 1.03 | -1.23 | -0.24 |
| Free Cash Flow | 18.79 | 11.39 | 0.79 | 0.43 | -3.07 | 0.3 | -2.46 | -4.89 | -23.74 | -11.45 |
| CFO/OP | 177 | 390 | -3 | 38 | 171 | 255 | 100 | 63 | 2000 | 118 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 155.62 | 41.05 | 37.3 | 6.64 | 0 | 0.6 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 155.62 | 41.05 | 37.3 | 6.64 | 0 | 0.6 | 0 | 0 | 0 | 0 |
| Working Capital Days | -1335.3 | -1780.27 | -1336.63 | -1160.42 | -952.15 | -620.18 | -577.16 | -434.99 | -392.5 | -183.08 |
| ROCE % | 9.2 | 12.09 | 18.59 | 1.88 | -1.89 | 3.13 | 4.38 | 8.61 | 12.8 | 3.88 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 56.74% | 56.74% | 56.74% | 56.74% | 56.74% | 56.72% | 56.72% | 56.72% | 56.72% | 56.72% | 56.72% | 56.72% |
| FIIs | 0.94% | 0.78% | 0.88% | 0.9% | 1.11% | 1.54% | 1.68% | 1.55% | 1.62% | 1.57% | 1.56% | 1.61% |
| DIIs | 0.13% | 0.1% | 0.1% | 0.1% | 0.15% | 0.1% | 0.14% | 0.15% | 0.15% | 0.11% | 0.06% | 0.07% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 27.1% | 27.47% | 28.51% | 29.44% | 28.9% | 27.82% | 27.41% | 27.75% | 27.22% | 27.48% | 27.66% | 27.6% |
| Others | 15.09% | 14.91% | 13.77% | 12.82% | 13.1% | 13.82% | 14.04% | 13.83% | 14.29% | 14.12% | 13.99% | 14% |
| No. of Shareholders | 44259 | 46044 | 54730 | 57038 | 50588 | 51117 | 50640 | 50315 | 48876 | 48542 | 47824 | 46840 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 6 / 6

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 526.58 | Buy |
| EMA (10) | 531.71 | Buy |
| SMA (20) | 524.52 | Buy |
| EMA (20) | 532.87 | Buy |
| SMA (50) | 557.8 | Sell |
| EMA (50) | 548.75 | Buy |
| SMA (100) | 573.11 | Sell |
| EMA (100) | 558.47 | Sell |
| SMA (200) | 557.75 | Sell |
| EMA (200) | 582.07 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 54.84 | Neutral |
| MACD (12,26,9) | -5.45 | Buy |
| Stochastic (14,3,3) | 47.6 | Neutral |
| ADX (14) | 24.09 | Neutral |
| Williams %R (14) | -40.8 | Neutral |
| ATR (14) | 24.14 | High Volatility |
| ROC (12) | 6.75 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 41.96 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 October 2025 - Regulation 74(5) compliance certificate: non-applicable; all shares dematerialized for quarter ended 30 Sep 2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 October 2025 - Regulation 74(5) compliance certificate: non-applicable; all shares dematerialized for quarter ended 30 Sep 2025.](https://nsearchives.nseindia.com/corporate/UMACONVERTER_07102025171630_UMASEPTEMBER2025.pdf) |
| 7 May - Members approved Mrs. Mugdha Rajesh Vartak’s appointment as Independent Director from March 17, 2026. | [Announcement under Regulation 30 (LODR)-Change in Management 7 May - Members approved Mrs. Mugdha Rajesh Vartak’s appointment as Independent Director from March 17, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/5d75cd06-4bfb-4680-ae6d-4ffbfff55375.pdf) |
| 6 May - Postal ballot on appointing Mrs. Mugdha Rajesh Vartak as Independent Director; results due May 8, 2026. | [Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 6 May - Postal ballot on appointing Mrs. Mugdha Rajesh Vartak as Independent Director; results due May 8, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/73abf1b1-78eb-4f09-944b-3f58affdec98.pdf) |
| 6 January 2026 - Registrar confirms Reg 74(5) not applicable for quarter ended 31 Dec 2025; all shares dematerialised | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 6 January 2026 - Registrar confirms Reg 74(5) not applicable for quarter ended 31 Dec 2025; all shares dematerialised](https://nsearchives.nseindia.com/corporate/UMACONVERTER_06012026172755_UMACONVERTERDEC2025.pdf) |
| 4 Mar - NSE/BSE fined Rs.2,71,400 each for missing Independent Woman Director; fines paid March 2, 2026. | [Clarification With Respect To Disclosure Of Intimation Of Fine Dated March 02, 2026 4 Mar - NSE/BSE fined Rs.2,71,400 each for missing Independent Woman Director; fines paid March 2, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9bf62cff-a597-4770-926c-463df4a9b4c2.pdf) |
| 4 Apr - Newspaper Publication relating to Postal Ballot Notice and E-voting Information | [Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Apr - Newspaper Publication relating to Postal Ballot Notice and E-voting Information](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a3bec483-fbf0-41e2-985e-66f66abd16ff.pdf) |
| 3 Apr - Postal ballot for appointing Mugdha Rajesh Vartak as Independent Director from March 17, 2026 to March 16, 2029. | [Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 3 Apr - Postal ballot for appointing Mugdha Rajesh Vartak as Independent Director from March 17, 2026 to March 16, 2029.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/52a3e36f-8de2-4a91-a8a8-c17043606b18.pdf) |
| 28 Feb - Unaudited Q3 results (Dec 31, 2025): profit Rs10,275.63L; auditor adverse—NECE arbitration claim Rs500Cr; Rs3,700L advance | [Results- Financial Results For The Quarter Ended December 31, 2025 28 Feb - Unaudited Q3 results (Dec 31, 2025): profit Rs10,275.63L; auditor adverse—NECE arbitration claim Rs500Cr; Rs3,700L advance](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ee3c8008-cb8b-4e26-a80d-0e77b0f20405.pdf) |
| 28 Feb - Approved Q3 (Dec 31, 2025) consolidated results; auditor adverse—NECE buyback issue, Rs500Cr arbitration claim, Rs3,700L advance. | [Board Meeting Outcome for Board Meeting Outcome For Approved Unaudited Consolidated Financial Results For The Quarter Ended December 31, 2025 28 Feb - Approved Q3 (Dec 31, 2025) consolidated results; auditor adverse—NECE buyback issue, Rs500Cr arbitration claim, Rs3,700L advance.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5697e900-e7a7-4146-b33d-c1397105a31d.pdf) |
| 25 Feb - Board meeting Feb 28, 2026 to approve unaudited results for quarter ended Dec 31, 2025; trading reopens Mar 3, 2026. | [Board Meeting Intimation for Considering And Approving Unaudited Consolidated Financial Results For The Quarter Ended December 31, 2025 25 Feb - Board meeting Feb 28, 2026 to approve unaudited results for quarter ended Dec 31, 2025; trading reopens Mar 3, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8c3bac08-0e0f-43fe-9445-8b82bc197206.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-07 | [Appointment Of Independent Director](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7b2efe4c-2925-44d9-bbc9-f8310c46e010.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=080290e5-1735-45bd-9943-b331f08c4fba.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Change in Directorate](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d97097df-bb31-491e-ab9c-f184a09b5866.pdf) |
| 2026-08-26 | [Reg 30- Intimation Of Fine](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2d55ae46-9cdf-45fc-b4cd-c64aa006a8c6.pdf) |
| 2026-08-20 | [Extension Of Time For Holding Annual General Meeting For The Financial Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5915d9e0-bb03-4993-b3bc-ea123d40696c.pdf) |
| 2026-08-15 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4e3e92f9-0af6-4363-a177-05dbc29a0f58.pdf) |
| 2026-08-15 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=54c7c9b3-1bfd-4df9-81e7-61b5c5164aad.pdf) |
| 2026-08-14 | [Board Meeting Outcome for Unaudited Standalone Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=cb783edb-1916-4abe-af61-745981260676.pdf) |
| 2026-08-14 | [Update On Consolidated Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d98b993c-11bd-402a-82b8-cdb993e566b9.pdf) |
| 2026-08-14 | [Board Comments On Fine Levied By Exchange](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=47952edd-bb49-4554-a9a6-851ef99a9a74.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-08-14 | [Results- Unaudited Standalone Financial Results For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=481ff784-113d-4d2f-a8d6-179775bda4d2.pdf) |
| 2026-05-28 | [Results- Standalone Audited Financial Results For The Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ab6cdf67-bfb8-4fed-999e-158afc4a894a.pdf) |
| 2026-02-28 | [Results- Financial Results For The Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ee3c8008-cb8b-4e26-a80d-0e77b0f20405.pdf) |
| 2026-02-23 | [Results - Unaudited Consolidated Financial Results For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=72a1647b-bbb0-4004-848d-c305ef3acff3.pdf) |
| 2026-02-13 | [Results- Unaudited Standalone Financial Results For The Quarter Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=49def3c8-fa9c-4145-be46-a2318c76311b.pdf) |
| 2025-12-16 | [Results- Financial Results For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=84a4179d-90ca-4515-a25f-eafbc415ea77.pdf) |
| 2025-11-12 | [Standalone Results For The Quarter And Half Year Ended September 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5a6bd050-ee65-445f-86aa-2f5d27d842b6.pdf) |
| 2025-10-31 | [Results- Financial Results For Quarter And Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f88bf834-02e8-4696-8725-198ac80fdee3.pdf) |
| 2025-08-13 | [Results- Financial Results For Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d1992ed3-8d46-4c8c-a499-df0bf95ecb39.pdf) |
| 2025-05-29 | [Standalone Results - Quarter And Financial Year Ended March 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=42cb591b-31bf-49e5-ad4c-6bc0de13f93c.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27722_UMA_2024_2025_A_5059457_26082025175955.pdf) |
| from nse | [Financial Year 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26298_UMA_2023_2024_03102024133256.pdf) |
| from nse | [Financial Year 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23170_UMA_2022_2023_01092023104412_09012023110002.zip) |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_BFUTILITIE_2011_2012_25022013102526.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c6c5e675-94d1-4783-98f0-f0ce6a040204.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3c915e5f-2b10-4b3b-ae70-5f47bb2fbbc4.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ae6cf13e-714d-4690-b6e6-9f4ab865009d.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532430/75315532430.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532430/70383532430.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532430/67776532430.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:20:28.146Z.