About BFL Developers
BFL Developers is a publicly listed company based in Jaipur (India) founded in 1995. Asset financing and investment services are provided in India. Its Indian entity Bfl Asset Finvest Limited reported revenue of ₹18.61 Cr.
Company details
BFL Asset Finvest was founded in 1995 and is headquartered in Jaipur, India. Operations are centered on asset financing and investment within the financial sector. Services are directed toward development-related activities, as indicated by the domain bfldevelopers.com. Geographic focus remains on the Indian market, with limited details available on specific client engagements or portfolio scope.
- Headquarters Jaipur, India
- Stage Public
- Website bfldevelopers.com
- Legal Name Bfl Asset Finvest Limited
- Date of Incorporation 31 Aug, 1995
- Jurisdiction Jaipur, Rajasthan, India
- Market Cap₹6.75 Cr
BFLAFL · BSE
- Share Price₹6.42
-3.02% today
- Revenue₹19.82 Cr
FY 2025-26 · -5.7% YoY
- EBITDA−₹3.75 Cr
Margin -18.9%
- Net Profit−₹5.58 Cr
FY 2025-26 · -550.0% YoY
- Debt / Equity0.65
Interest cover -17.1x
Associated legal entities of BFL Developers
BFL Developers operates through Bfl Asset Finvest Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Bfl Asset Finvest Limited Listed CIN L45201RJ1995PLC010646 | Active | 31 Aug 1995 | Jaipur, Rajasthan | ₹18.6 Cr | 5 | 7 | View details |
Board of directors of Bfl Asset Finvest Limited (BFL Developers)
Bfl Asset Finvest Limited is the primary company behind BFL Developers. The board of Bfl Asset Finvest Limited currently have 6 directors; the longest-serving is Mahendra Kumar Baid, appointed in 2005. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mahendra Kumar Baid DIN 00009828 | Managing Director | 31 Aug 2005 | 21 yrs 2 mo | Bfl Asset Finvest Limited |
| Amit Kumar Parashar DIN 07891761 | Director | 04 Aug 2017 | 9 yrs 3 mo | Bfl Asset Finvest Limited |
| Kuldeep Jain DIN 08189540 | Director | 09 Aug 2018 | 8 yrs 3 mo | Bfl Asset Finvest Limited |
| Aditya Baid DIN 03100584 | Director | 21 Mar 2020 | 6 yrs 7 mo | Bfl Asset Finvest Limited |
| Alpana Baid DIN 06362806 | Director | 30 Jun 2022 | 4 yrs 4 mo | Bfl Asset Finvest Limited |
| Ajay Agarwal DIN 10727170 | Director | 09 Aug 2024 | 2 yrs 3 mo | Bfl Asset Finvest Limited |
IPO & Listings of BFL Developers
BFL Developers is a publicly listed company on the BSE with ticker symbol BFLAFL in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date18 Feb 2016
- Listed onBSE: 539662
- Listed entityBfl Asset Finvest Limited
- Exchange sectorFinance
Financials of BFL Developers
Exchange-reported figures of Bfl Asset Finvest Limited, the listed company behind BFL Developers (BSE: BFLAFL).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 19.82 | 21.02 | 27.41 | 1.16 | 3.11 | 1.33 | 2.95 |
| Revenue growth | -5.7% | -23.3% | +2262.9% | -62.7% | +133.8% | -54.9% | - |
| EBITDA | (3.75) | 1.38 | 3.45 | 0.21 | 1.20 | 0.69 | 0.99 |
| EBITDA margin | -18.9% | +6.6% | +12.6% | +18.1% | +38.6% | +51.9% | +33.6% |
| Profit before tax | (5.60) | 1.66 | 3.08 | 0.15 | 0.93 | 0.02 | 0.06 |
| Net profit | (5.58) | 1.24 | 2.31 | 0.02 | 0.70 | 0.02 | 0.02 |
| Net profit margin | -28.2% | +5.9% | +8.4% | +1.7% | +22.5% | +1.5% | +0.7% |
| EPS (₹) | (5.47) | 1.21 | 2.25 | 0.36 | 0.67 | 0.01 | 0.02 |
| Balance sheet | |||||||
| Total assets | 24.68 | 18.84 | 18.80 | 14.28 | 13.98 | 13.35 | 19.03 |
| Net worth | 10.42 | 16.00 | 14.56 | 12.26 | 11.89 | 11.06 | 11.95 |
| Total debt | 14.26 | 2.84 | 4.24 | 2.02 | 2.09 | 2.28 | 7.08 |
| Cash & bank | 0.08 | 0.06 | 0.10 | 0.05 | 0.04 | 0.04 | 0.06 |
| Net working capital | 24.68 | 18.84 | 11.80 | 3.47 | 8.51 | 7.00 | 7.62 |
| Cash flow | |||||||
| Cash from operations | (10.76) | 1.58 | (1.80) | 0.32 | (0.17) | 5.44 | (2.94) |
| Cash from investing | 0.00 | 0.10 | 0.00 | 0.15 | 0.64 | 0.00 | 7.00 |
| Cash from financing | 10.79 | (1.69) | 1.85 | (0.46) | (0.47) | (5.47) | (4.08) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.86 | 13.49 | (0.13) | 7.79 | 2.53 | 9.63 | 4.23 | 0.12 |
| Revenue growth (YoY) | +13.0% | +40.1% | -103.1% | +6391.7% | -66.7% | +6.3% | - | - |
| Other income | 0.28 | 0.51 | 0.86 | (1.67) | (0.40) | (0.01) | 0.13 | 0.02 |
| Total expenses | 7.95 | 1.12 | 8.70 | 8.46 | 3.43 | 2.99 | 6.85 | 4.75 |
| EBITDA | (5.09) | 12.37 | (8.83) | (0.67) | (0.90) | 6.64 | (2.62) | (4.63) |
| EBITDA margin | -178.0% | +91.7% | +6792.3% | -8.6% | -35.6% | +69.0% | -61.9% | -3858.3% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.26 | 0.38 | 0.40 | 0.15 | 0.05 | 0.04 | 0.03 | 0.03 |
| Profit before tax | (5.07) | 12.50 | (8.37) | (2.49) | (1.35) | 6.59 | (2.52) | (4.64) |
| Tax | 0.00 | 0.00 | 0.00 | (0.02) | 0.00 | 0.00 | 0.42 | 0.00 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.86 | 13.49 | (0.13) | 7.79 | 2.53 | 9.63 | 4.23 | 0.12 |
| Revenue growth (YoY) | +13.0% | +40.1% | -103.1% | +6391.7% | -66.7% | +6.3% | - | - |
| Other income | 0.28 | 0.51 | 0.86 | (1.67) | (0.40) | (0.01) | 0.13 | 0.02 |
| Total expenses | 7.95 | 1.12 | 8.70 | 8.46 | 3.43 | 2.99 | 6.85 | 4.75 |
| EBITDA | (5.09) | 12.37 | (8.83) | (0.67) | (0.90) | 6.64 | (2.62) | (4.63) |
| EBITDA margin | -178.0% | +91.7% | +6792.3% | -8.6% | -35.6% | +69.0% | -61.9% | -3858.3% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.26 | 0.38 | 0.40 | 0.15 | 0.05 | 0.04 | 0.03 | 0.03 |
| Profit before tax | (5.07) | 12.50 | (8.37) | (2.49) | (1.35) | 6.59 | (2.52) | (4.64) |
| Tax | 0.00 | 0.00 | 0.00 | (0.02) | 0.00 | 0.00 | 0.42 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 19.82 | 21.02 | 27.41 | 1.16 | 3.11 | 1.33 | 2.95 |
| Revenue growth | -5.7% | -23.3% | +2262.9% | -62.7% | +133.8% | -54.9% | - |
| Other income | (1.21) | 0.40 | 0.00 | 0.34 | 0.00 | 0.00 | 0.00 |
| Total expenses | 23.57 | 19.64 | 23.96 | 0.95 | 1.91 | 0.64 | 1.96 |
| Employee cost | 0.57 | 0.27 | 0.10 | 0.10 | 0.10 | 0.11 | 0.11 |
| EBITDA | (3.75) | 1.38 | 3.45 | 0.21 | 1.20 | 0.69 | 0.99 |
| EBITDA margin | -18.9% | +6.6% | +12.6% | +18.1% | +38.6% | +51.9% | +33.6% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.64 | 0.12 | 0.37 | 0.40 | 0.27 | 0.67 | 0.93 |
| Profit before tax | (5.60) | 1.66 | 3.08 | 0.15 | 0.93 | 0.02 | 0.06 |
| Tax | (0.02) | 0.42 | 0.77 | (0.21) | 0.23 | 0.00 | 0.04 |
| Net profit | (5.58) | 1.24 | 2.31 | 0.02 | 0.70 | 0.02 | 0.02 |
| Net profit margin | -28.2% | +5.9% | +8.4% | +1.7% | +22.5% | +1.5% | +0.7% |
| EPS (₹) | (5.47) | 1.21 | 2.25 | 0.36 | 0.67 | 0.01 | 0.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 | 10.20 |
| Reserves & surplus | 0.22 | 5.80 | 4.36 | 2.06 | 1.69 | 0.86 | 1.75 |
| Shareholders' funds (net worth) | 10.42 | 16.00 | 14.56 | 12.26 | 11.89 | 11.06 | 11.95 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 14.26 | 2.84 | 4.24 | 2.02 | 2.09 | 2.28 | 7.08 |
| Total debt | 14.26 | 2.84 | 4.24 | 2.02 | 2.09 | 2.28 | 7.08 |
| Total liabilities | 24.68 | 18.84 | 18.80 | 14.28 | 13.98 | 13.35 | 19.03 |
| Assets | |||||||
| Gross block | 0.00 | 0.00 | 0.00 | 0.00 | 0.14 | 0.00 | 0.00 |
| Net block | 0.00 | 0.00 | 0.00 | 0.00 | 0.14 | 0.00 | 0.00 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.10 | 0.10 | 0.11 | 0.74 | 1.66 |
| Inventories | 17.17 | 14.07 | 5.82 | 0.85 | 1.48 | 1.62 | 1.72 |
| Sundry debtors | 7.46 | 5.05 | 2.19 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 0.08 | 0.06 | 0.10 | 0.05 | 0.04 | 0.04 | 0.06 |
| Loans & advances | 0.06 | 0.10 | 4.53 | 2.64 | 8.07 | 6.31 | 6.16 |
| Total current assets | 24.77 | 19.28 | 12.64 | 3.54 | 9.59 | 7.97 | 7.94 |
| Total current liabilities | 0.09 | 0.44 | 0.84 | 0.07 | 1.08 | 0.97 | 0.32 |
| Net working capital | 24.68 | 18.84 | 11.80 | 3.47 | 8.51 | 7.00 | 7.62 |
| Total assets | 24.68 | 18.84 | 18.80 | 14.28 | 13.98 | 13.35 | 19.03 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.06 | 0.07 | 0.02 | 0.01 | 0.01 | 0.04 | 0.05 |
| Net cash from operating activities | (10.76) | 1.58 | (1.80) | 0.32 | (0.17) | 5.44 | (2.94) |
| Net cash from investing activities | 0.00 | 0.10 | 0.00 | 0.15 | 0.64 | 0.00 | 7.00 |
| Net cash from financing activities | 10.79 | (1.69) | 1.85 | (0.46) | (0.47) | (5.47) | (4.08) |
| Net change in cash | 0.02 | (0.01) | 0.05 | 0.01 | 0.00 | (0.02) | (0.02) |
| Closing cash | 0.08 | 0.06 | 0.10 | 0.05 | 0.04 | 0.04 | 0.06 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -5.7% | -23.3% | +2262.9% | -62.7% | +133.8% | -54.9% | - |
| EBITDA growth | -371.7% | -60.0% | +1542.9% | -82.5% | +73.9% | -30.3% | - |
| PBT growth | - | -46.1% | +1953.3% | -83.9% | +4550.0% | -66.7% | -45.5% |
| Net income growth | -550.0% | -46.3% | - | -97.1% | +3400.0% | 0.0% | - |
| Revenue CAGR (3Y) | +157.6% | +89.1% | +174.2% | -26.7% | -20.3% | +33.4% | +20.4% |
| EBITDA CAGR (3Y) | - | +4.8% | +71.0% | -40.4% | +1.1% | +79.2% | -9.4% |
| Profitability & leverage | |||||||
| Net income margin | -28.2% | +5.9% | +8.4% | +31.0% | +22.5% | +1.5% | +0.7% |
| Return on capital employed | 0.0% | +9.5% | +20.5% | +1.5% | +8.4% | +4.1% | +4.6% |
| Return on net worth | 0.0% | +8.1% | +16.8% | +0.2% | +5.8% | +0.1% | +0.2% |
| Debt / equity | 0.65 | 0.23 | 0.23 | 0.17 | 0.19 | 0.41 | 0.70 |
| Long-term debt / equity | 0.65 | 0.23 | 0.23 | 0.17 | 0.19 | 0.41 | 0.70 |
| Interest cover | -17.07 | 8.70 | 10.72 | 190.48 | 22.50 | 97.10 | 93.94 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.00 | 0.00 | 0.00 | 21.43 | 44.43 | 0.00 | 11.80 |
| Inventory turnover | 1.19 | 2.15 | 8.22 | 1.29 | 2.01 | 0.80 | 1.25 |
| Debtors turnover | 2.98 | 5.92 | 25.03 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | (5.47) | 1.21 | 2.25 | 0.36 | 0.67 | 0.01 | 0.02 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 10.22 | 15.68 | 14.27 | 12.02 | 11.66 | 10.84 | 11.72 |
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Frequently Asked Questions about BFL Developers
BFL Developers was founded in 1995.
BFL Developers is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
The primary company behind BFL Developers, Bfl Asset Finvest Limited, reported revenue of ₹18.61 Cr for FY 2026, down 6% year on year.
BFL Asset Finvest was founded in 1995 and is headquartered in Jaipur, India. Operations are centered on asset financing and investment within the financial sector. Services are directed toward development-related activities, as indicated by the domain bfldevelopers.com. Geographic focus remains on the Indian market, with limited details available on specific client engagements or portfolio scope.
Yes, BFL Developers is publicly traded on BSE under the ticker symbol BFLAFL.
BFL Developers operates through Bfl Asset Finvest Limited.
The legal entities of BFL Developers currently have 7 directors, including Aditya Baid, Alpana Baid, Mahendra Kumar Baid and others.