Is BF Utilities the Best Stock in Its Sector? A Look at the Numbers

BF Utilities CMP Rs 530 (24 Sep 2026). Market cap Rs 1,999 Cr. ROE 114.57%. P/E 5.24x versus Industry P/E 23.04x.

Updated: 24 Sept 2026 • 10:31 am

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Is BF Utilities the Best Stock in Its Sector? A Look at the Numbers

Quick Answer

BF Utilities is one of the names investors compare when screening the Infrastructure sector, built on a 114.57% return on equity and a P/E of 5.24x against an Industry P/E of 23.04x. Whether BF Utilities is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Infrastructure sector peers, so you can judge that for yourself.

Is BF Utilities the best stock in its sector? The stock trades on the NSE at Rs 530 as of 24 September 2026, within its 52-week range of Rs 368.70 to Rs 898.70. BF Utilities Ltd develops toll roads and wind power projects, part of the Kalyani Group.

BF Utilities sits in the Infrastructure sector, and its 114.57% ROE and 5.24x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector's Industry P/E benchmark.

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Table of Contents

About BF Utilities

BF Utilities Ltd develops toll roads and wind power projects, part of the Kalyani Group. It develops toll roads and wind power projects, part of the Kalyani Group, and its extremely high reported ROE and low P/E together suggest the market is treating recent profitability as substantially non-recurring rather than sustainable. At a market capitalisation of Rs 1,999 Cr, it is tracked as part of the Infrastructure sector on Univest.

Is BF Utilities the Best Stock in Its Sector?

BF Utilities makes its case as the best stock in its sector primarily on return on equity and balance sheet strength, combining a 114.57% ROE with a 5.24x P/E against the sector's 23.04x Industry P/E. BF Utilities' 114.57% ROE alongside a 5.24x P/E, well below the 23.04x Industry P/E, is an unusual combination that likely reflects a one-off gain rather than sustainable operating profitability; investors should look at the very high 8.48 debt to equity ratio and underlying cash flows rather than the ROE headline figure alone.

Metric	BF Utilities
CMP (NSE)	Rs 530.50
52-Week High / Low	Rs 898.70 / Rs 368.70
Market Cap	Rs 1,999 Cr
P/E (TTM) vs Industry P/E	5.24x vs 23.04x
P/B	9.92
ROE	114.57%
EPS (TTM)	Rs 101.25
Dividend Yield	0.00%
Debt to Equity	8.48

Compare BF Utilities Against Other Infrastructure Sector Stocks

How BF Utilities Compares Against Its Infrastructure Sector Peers

The table below sets BF Utilities against 2 other Infrastructure sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
BF Utilities	1,999	5.24	114.57%	8.48
KEC International	10,829	19.56	9.83%	0.87
Welspun Enterprises	10,230	29.40	13.09%	0.65
Peer average (2 companies)	-	24.48	11.46%	0.76

Against this peer set, BF Utilities's 114.57% ROE is above the 11.46% peer average, and its P/E of 5.24x runs below the peer average of 24.48x. BF Utilities' 114.57% ROE alongside a 5.24x P/E, well below the 23.04x Industry P/E, is an unusual combination that likely reflects a one-off gain rather than sustainable operating profitability; investors should look at the very high 8.48 debt to equity ratio and underlying cash flows rather than the ROE headline figure alone.

What Makes BF Utilities Worth Watching in Infrastructure

Toll road and wind power operations: Developing toll road and wind power infrastructure gives BF Utilities exposure to long-duration infrastructure assets.
Kalyani Group affiliation: Being part of the established Kalyani Group gives BF Utilities access to shared group infrastructure and project experience.
Very high leverage: A debt to equity ratio of 8.48 is among the highest in this series, worth weighing carefully against the unusually high reported ROE.

BF Utilities Valuation: Is It Justified?

BF Utilities' 114.57% ROE alongside a 5.24x P/E, well below the 23.04x Industry P/E, is an unusual combination that likely reflects a one-off gain rather than sustainable operating profitability; investors should look at the very high 8.48 debt to equity ratio and underlying cash flows rather than the ROE headline figure alone. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

Also read – Is AWL Agri Business the Best Stock in Its Sector? A Look at the Numbers

Download the Univest iOS App or Univest Android App to track BF Utilities and other Infrastructure sector stocks.

How to Track BF Utilities Before You Invest

Before deciding whether BF Utilities deserves its label as the best stock in its sector for your own portfolio, compare it directly against Infrastructure sector peers using the steps below.

Open the Univest Screener and search for BF Utilities to view live price, valuation ratios, and peer comparisons within the Infrastructure sector.
Compare its P/E, P/B, and ROE against other Infrastructure sector stocks before deciding if the current valuation fits your strategy.
Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

BF Utilities earns a place in the best stock in its sector conversation on the strength of a 114.57% ROE and a P/E of 5.24x against a 23.04x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Is BF Utilities the best stock in its sector?

Ans. BF Utilities has a 114.57% ROE and trades at 5.24x P/E against a 23.04x Industry P/E, and compares above the peer average ROE of 11.46% in this article's named comparison, so the answer depends on what an investor is prioritising.

What is the current share price of BF Utilities?

Ans. BF Utilities was trading at Rs 530.50 on the NSE as of 24 September 2026, within its 52-week range of Rs 368.70 to Rs 898.70.

What sector does BF Utilities belong to?

Ans. BF Utilities is classified under the Infrastructure sector on Univest.

How does BF Utilities compare to its sector peers on P/E?

Ans. BF Utilities's P/E of 5.24x is below the 24.48x average of the 2 named peers compared in this article.

What is BF Utilities's return on equity?

Ans. BF Utilities reported a return on equity of 114.57%, which is above the 11.46% average of its named peers in this comparison.

Should I invest in BF Utilities based on its sector position?

Ans. BF Utilities's sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.