NSE:BFINVEST - BF Investment Ltd what's cooking here..?NSE:BFINVEST
BF Investment Ltd Overview
Non-Deposit taking Core Investment Company.
Engaged primarily in making investments in Kalyani Group companies.
History
Incorporated in 2009 by demerging the Investment Business of BF Utilities Ltd.
Under business restructuring, Investment Business transferred to BF Investment Ltd.
Kalyani Group
BF Investment Ltd. (BFIL) is a part of the USD 2.5 billion Kalyani Group from Pune.
Established in the mid-1960s.
Indian multinational with advanced technology, engineering & manufacturing capabilities.
Industries: Engineering Steel, Automotive, Industrial, Renewable Energy, Urban Infrastructure, Specialty Chemicals.
Market leader in forging globally and largest forging exporter from India.
Group Companies: Bharat Forge, KCTI, Kalyani Technoforge, Kalyani Global, Automotive Axles, and more.
Nature of Operations
Mainly focused on investments.
Majority of investments are strategic in nature targeting Kalyani Group Companies.
Investments are long-term and not for trade.
Revenue Mix FY22
Dividend income: ~55%
Interest income: ~34%
Other (Net gain on fair value changes): ~12%
Investments
Investments worth ~ Rs. 1646 Cr as of March 2021.
Significant ownership in Kalyani Steels Ltd., KSL Holdings Private Ltd., Triumphant Special Alloys Pvt. Ltd., Kalyani Financial Services Ltd., and others.
Equity stake in listed and unlisted shares: Bharat Forge Ltd, BF Utilities Ltd., and others.
Invested in preference shares and debentures of Group companies.
Promoter Shareholding
Promoters stake from 73.38%
