BF Investment Ltd (BFINVEST) is a Non-Deposit taking Core Investment Company primarily engaged in the business of making investments in Kalyani Group companies. The Company was incorporated in 2009 by demerging the Investment Business of BF Utilities Ltd through a Composite Scheme of Arrangement, transferring the investment business to BF Investment Ltd. Its shares were listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India Ltd. (NSE) on January 14, 2011, under scrip code BFINVEST and number 533303 on BSE.
As of recent data, BF Investment Limited operates as a holding company within the diversified Kalyani Group conglomerate, which is one of India's leading industrial houses with operations across multiple sectors including automotive, engineering, steel, and infrastructure. This association provides a strong foundation and strategic direction for the company's investment activities.
BF Investment Ltd (BFIL) holds significant investments in various Kalyani Group companies and is also engaged in the business of real estate. The company's investment strategy is primarily focused on creating value through strategic shareholdings in key Kalyani Group entities.
Key Equity Holdings:
- Listed Companies:
- Kalyani Steel: 39.06%
- Automotive Axles: 35.52%
- Bharat Forge: 3.35%
- BF Utilities: 3.15%
- Hikal: 2.65%
- Unlisted Companies:
- KSL Holding: 42.52%
- Meritor HVS: 49%
- Khed Economic (SEZ): 15.88%
This diversified investment approach allows BF Investment to benefit from the group's strong market positions and technological capabilities across critical sectors such as automotive components, steel manufacturing, engineering, and infrastructure development.
BF Investment reported a net loss of ₹3.33 crore in the quarter ended March 2025, compared to a net profit of ₹250.24 crore during the previous quarter ended March 2024. Sales for the quarter ended March 2025 rose 104.72% to ₹26.47 crore, up from ₹12.93 crore in the previous quarter.
For the full financial year ended March 2025, net profit declined 48.75% to ₹222.29 crore, as against ₹433.74 crore in the previous year ended March 2024. Sales for the full year rose 46.19% to ₹62.03 crore, compared to ₹42.43 crore in the previous year.
- Q4 FY2024-25 Performance: Net loss of ₹3.33 crore; Sales of ₹26.47 crore
- FY2024-25 Performance: Net profit of ₹222.29 crore; Sales of ₹62.03 crore
- Operating Revenue (TTM): ₹62.03 crore
- Annual Revenue Growth: 46% (outstanding)
- Pre-tax Margin: 89% (great)
- Return on Equity (3-year average): 5.59% (low)
- Other Income: ₹247 crore (included in earnings)
- Market Capitalization: ₹1,857.39 crore (as of 7th July 2025)
- Share Price: ₹489.60 (as of 7th July 2025)
- 52-week High: ₹829
- 52-week Low: ₹406
- P/E Ratio: 8.36
- P/B Ratio: 0.30 (trading at 0.27 times its book value)
BF Investment Ltd (BFINVEST) holds a market capitalization of ₹1,857.39 crore as of July 7, 2025, with its share price at ₹489.60. The stock has experienced significant volatility, with a 52-week high of ₹829 and a 52-week low of ₹406.
The company's valuation metrics reflect its unique position as an investment holding company. Its P/E (price-to-earnings) ratio stands at 8.36, and its P/B (price-to-book) ratio is 0.30, indicating that the stock is currently trading at 0.27 times its book value. BF Investment belongs to the Financials sector, specifically the Asset Management sub-sector, alongside peers such as Bajaj Finance Ltd, Jio Financial Services Ltd, and Power Finance Corporation Ltd.
- Debt-Free Status: The company is almost debt-free, providing financial stability and flexibility for future investments.
- Improved Operational Efficiency: Working capital requirements have reduced from 217 days to 147 days, indicating improved operational efficiency.
- Kalyani Group Association: BF Investment benefits significantly from its association with the Kalyani Group, a technology-driven conglomerate with a global presence. The group, under Chairman B. N. Kalyani, emphasizes market leadership through technology and boasts over 10,000 strong engineering global workforce, making it a market leader in its respective business segments.
As of March 31, 2021, the promoters held 73.38% of the total shareholding. Major promoter shareholders include Ajinkiya Investment & Trading Company (27.32%), Sundaram Trading & Investment Pvt Ltd (26%), and KSL Holding Pvt Ltd (13.42%).
In terms of corporate governance, A. B. Kalyani serves as the Chairman and Company Secretary for BF Investment Ltd. P. G. Bhagwat LLP are the auditors. The company maintains strong governance standards with independent directors on the board and regular compliance with regulatory requirements.
BF Investment has announced that its 16th Annual General Meeting (AGM) will be held on July 30, 2025.
The company continues to focus on value creation through strategic investments within the Kalyani Group ecosystem. By leveraging the group's strong market positions and technological capabilities across diverse industrial sectors, BF Investment is well-positioned to benefit from India's long-term economic development and the group's ongoing technological advancement initiatives. This makes BF Investment Ltd a unique opportunity for investors seeking exposure to India's industrial growth story through a diversified holding company.
