BF Industrial Technology & Solutions
BF Industrial Technology & Solutions
IndustrialsTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 0.23 times its book value
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 9.54% over last 3 years.
Growth Rate
Quarterly Results
| Particulars | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 12.58 | 14.53 | 13.3 | 10.04 | 18.41 | 19.44 | 17.69 | 18.67 | 13.75 | 9.46 | 6.67 | 13.37 | 20.1 |
| Expenses | 12.51 | 14.23 | 12.99 | 11.15 | 15.3 | 17.66 | 12.88 | 13.79 | 12.95 | 14.75 | 8 | 12.82 | 20.29 |
| Operating Profit | 0.07 | 0.3 | 0.31 | -1.11 | 3.11 | 1.78 | 4.81 | 4.88 | 0.8 | -5.29 | -1.33 | 0.55 | -0.19 |
| OPM % | 0.56% | 2.06% | 2.33% | -11.06% | 16.89% | 9.16% | 27.19% | 26.14% | 5.82% | -55.92% | -19.94% | 4.11% | -0.95% |
| Other Income | 0.04 | 0.27 | 0.1 | 0.33 | -0.29 | 0.12 | 0.04 | 0.43 | -0.31 | 0.49 | 0.16 | -0.08 | 0.07 |
| Interest | 4 | 4.86 | 0.21 | 0.49 | 0.19 | 14.82 | 0.85 | 0.63 | 0.55 | 0.46 | 0.29 | 0.34 | -0.03 |
| Depreciation | 2.23 | 2.17 | 2.15 | 2.17 | 2.17 | 2.11 | 2.13 | 2.14 | 2.13 | 2.11 | 2.1 | 2.13 | 2.12 |
| PBT | -6.12 | -6.46 | -1.95 | -3.44 | 0.46 | -15.03 | 1.87 | 2.54 | -2.19 | -7.37 | -3.56 | -2 | -2.21 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | -6.11 | -6.47 | -1.95 | -3.44 | 0.47 | -15.03 | 1.87 | 2.53 | -2.2 | -7.37 | -3.56 | -2 | -2.21 |
| EPS in Rs | -4.1 | -4.34 | -1.31 | -2.31 | 0.32 | -10.09 | 1.26 | 1.7 | -1.48 | -4.95 | -2.39 | -1.34 | -1.48 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 87 | 68 | 55 | 55 | 61 | 60 | 55 | 63 | 100 | 112 | 109 | 125 |
| Expenses | 71 | 55 | 52 | 53 | 57 | 54 | 73 | 71 | 88 | 98 | 102 | 112 |
| Operating Profit | 16 | 14 | 3 | 2 | 4 | 5 | -17 | -8 | 11 | 14 | 7 | 13 |
| OPM % | 18% | 20% | 5% | 2.9% | 7% | 9% | -31% | -13% | 11% | 12% | 6% | 10% |
| Other Income | 0 | 1 | 0 | 1 | 0 | 1 | 1 | 38 | 8 | 1 | 3 | 2 |
| Interest | 16 | 16 | 17 | 17 | 16 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 8 | 8 | 9 | 9 | 9 | 9 | 8 | 5 | 3 | 3 | 4 | 5 |
| PBT | -8 | -10 | -23 | -23 | -20 | -5 | -25 | 25 | 16 | 12 | 6 | 9 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 3% | 0% | 0% | 0% | 0% |
| Net Profit | -8 | -10 | -23 | -23 | -20 | -5 | -25 | 24 | 16 | 12 | 6 | 9 |
| EPS in Rs | -5.72 | -6.71 | -15.12 | -15.51 | -13.4 | -3.46 | -16.55 | 16.23 | 10.97 | 8.06 | 3.71 | 6.21 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 15 | 15 | 15 | 15 | 15 | 15 | 90 | 90 | 90 | 90 | 90 |
| Reserves | 37 | 29 | 7 | -17 | -37 | -42 | -66 | -27 | -11 | 1 | 7 | 16 |
| Borrowings | 130 | 127 | 127 | 112 | 97 | 145 | 136 | 0 | 0 | 0 | 4 | 3 |
| Other Liabilities | 34 | 29 | 48 | 78 | 106 | 61 | 61 | 29 | 28 | 35 | 27 | 27 |
| Total Liabilities | 215 | 200 | 196 | 188 | 181 | 178 | 146 | 92 | 107 | 127 | 127 | 136 |
| Fixed Assets | 151 | 156 | 148 | 140 | 132 | 125 | 116 | 49 | 47 | 47 | 49 | 46 |
| CWIP | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Other Assets | 54 | 43 | 47 | 48 | 49 | 54 | 29 | 42 | 60 | 80 | 78 | 90 |
| Total Assets | 215 | 200 | 196 | 188 | 181 | 178 | 146 | 92 | 107 | 127 | 127 | 136 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -39 | 21 | 15 | 35 | 26 | -58 | 8 | -12 | 7 | 3 | 9 | 3 |
| Investing | -4 | -3 | 0 | -1 | 0 | -1 | 0 | 1 | 0 | -2 | -2 | -1 |
| Financing | 43 | -18 | -15 | -34 | -26 | 60 | -9 | 11 | 0 | 0 | -1 | -1 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 1 | -1 | 1 | 7 | 1 | 6 | 1 |
| Free Cash Flow | -45 | 16 | 14 | 34 | 25 | -59 | 8 | -12 | 6 | 0 | 6 | 1 |
| CFO/OP | -242 | 150 | 523 | 2,168 | 645 | -1,115 | -49 | 142 | 64 | 21 | 130 | 26 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 108 | 75 | 138 | 130 | 117 | 90 | 60 | 106 | 112 | 79 | 107 | 118 |
| Inventory Days | 169 | 273 | 248 | 275 | 246 | 241 | 80 | 210 | 128 | 257 | 163 | 148 |
| Days Payable | 155 | 208 | 237 | 298 | 260 | 213 | 197 | 282 | 174 | 192 | 132 | 124 |
| Cash Conversion Cycle | 121 | 141 | 149 | 107 | 103 | 118 | -57 | 34 | 66 | 144 | 138 | 142 |
| Working Capital Days | 69 | 61 | -21 | -218 | -360 | -71 | -1,082 | 44 | 76 | 105 | 113 | 128 |
| ROCE % | 5% | 4% | -4% | -5% | -5% | -3% | -24% | -17% | 22% | 14% | 6% | 9% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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57 extracted metrics + investor summaries across FY09–FY24.
Documents
Frequently Asked Questions about BF Industrial Technology & Solutions
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Company Information
Sanghvi Forging & Engineering is engaged in the manufacturer of open and closed die forging products for the oil & gas, defense, ship building, power & other sectors. It also exports products to various foreign countries over the last two decades.
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