BVG India Unlisted Shares
About BVG India Unlisted Shares
Founded in 1991 by H.R. Gaikwad, BVG India Limited was established with the vision of contributing to India’s progress, inspired by Swami Vivekananda’s teachings. Gaikwad, driven by a passion for social upliftment, began his journey as an engineering student and later founded Bharat Vikas Pratishthan in 1993, a non-profit dedicated to supporting underprivileged students. This initiative evolved into BVG India Limited in 1997, starting with just eight employees and a single client providing housekeeping services. Today, BVG Group is India’s largest integrated services company, employing over 75,000 individuals and serving more than 750 customers across 70 cities in 20 states. The company’s rapid expansion and diversified service portfolio make BVG Group Unlisted Share an attractive option for investors.
Business Divisions
BVG Group operates across multiple business segments, offering a diverse range of services:
Integrated Facility Management
BVG ensures efficient infrastructure maintenance with services such as:
- Housekeeping
- Electrical and air conditioning maintenance
- Security services
- Canteen management
- Gardening and landscaping
Logistics and Transport
BVG plays a crucial role in urban mobility, managing public transport fleets and bus depots. The company operates over 500 buses, ensuring smooth municipal transportation services.
Paintshop Maintenance
BVG specializes in maintaining ISO Class 5 compliant paint shops for automobile manufacturers, reducing paint defects and ensuring high-quality vehicle production.
Project Management
BVG excels in executing large-scale projects across government and private sectors, including:
- Garden landscaping
- Road construction
- Rural electrification
- Factory relocations (notably for Fiat and Tata Motors)
Emergency Response Services
- Dial-108 Medical Emergency Service: Operates the world’s largest emergency ambulance service with 937 ambulances in Maharashtra.
- Dial-100 Police Response Service: Manages 1,000 SUV police response vehicles in Madhya Pradesh, ensuring rapid law enforcement response and public safety.
Financial Highlights
The financial performance of BVG Group showcases its growth potential:
- Revenue Growth: In FY24, BVG Group reported total revenue of ₹2839 crore, reflecting a 22.66% YoY growth.
- Profitability: EBITDA stood at ₹352 crore, marking a 17.36% increase compared to the previous year.
- Net Profit Surge: Profit After Tax (PAT) reached ₹166 crore, recording an impressive 30.19% growth.
- Debt Reduction: The company’s debt-equity ratio improved to 0.39, down from 0.47 in FY23, indicating better financial health.
- Cash Flow Strength: BVG generated ₹174 crore in cash flow, demonstrating strong liquidity and operational efficiency.
Pros
- Industry Leader – India’s largest integrated services provider with a diverse portfolio.
- Strong Clientele – Trusted by major players like Bajaj, Mahindra, ONGC, and Indian Railways.
- Pioneering Innovations – Introduced mechanized housekeeping and manages over 100 trains daily.
Cons
- High Dependency on Government Contracts – Revenue is vulnerable to policy changes.
- Operational Risks – Large-scale projects demand high efficiency with little margin for error.
- Intense Competition – Growing competition in the integrated services sector.
Key Details
| Share Name | Particulars |
|---|---|
| BVG India Limited Unlisted | 295.00 |
| Shares Price | Per Equity Share |
| Lot Size | 100 Shares |
| 52 Week High | ₹ 1150 |
| 52 Week LoW | ₹ 250 |
| Depository | NSDL & CDSL |
| PAN Number | AACCB0943N |
| ISIN Number | INE257H01021 |
| CIN | U74999PN2002PLC016834 |
| RTA | Link Intime |
| Fundamentals | Value |
|---|---|
| Market Cap (in cr.) | 3792.28 |
| P/E Ratio | 22.85 |
| P/B Ratio | 3.21 |
| Debt to Equity | 0.39 |
| ROE (%) | 14.1 |
| Book Value | 91.77 |
| EPS | 12.91 |
| Face Value | 2 |
| Total Shares | 128,551,940 |
Financials
| P&L Statement | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 2839 | 2315 | 2030 |
| Cost of Material Consumed | 334 | 221 | 200 |
| Gross Margins | 88.24 | 90.45 | 90.15 |
| Change in Inventory | 0 | 0 | 0 |
| Employee Benefit Expenses | 1719 | 1415 | 1195 |
| Other Expenses | 439 | 382 | 345 |
| EBITDA | 347 | 297 | 290 |
| OPM | 12.22 | 12.83 | 14.29 |
| Other Income | -14 | -28 | 5 |
| Finance Cost | 101 | 87 | 80 |
| D&A | 25 | 23 | 23 |
| EBIT | 322 | 274 | 267 |
| EBIT Margins | 11.34 | 11.84 | 13.15 |
| PBT | 207 | 159 | 190 |
| PBT Margins | 7.29 | 6.87 | 9.36 |
| Tax | 41 | 31 | 40 |
| PAT | 166 | 128 | 150 |
| NPM | 5.85 | 5.53 | 7.39 |
| EPS | 12.91 | 9.96 | 58.34 |
| Ratio | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
| Operating Profit Ratio | 13% | 12% | 13% |
| Net Profit Ratio | 6% | 5% | 6% |
| Return on Eqyity | 14% | 12% | 13% |
| Debt-Equity | 0.39 | 0.39 | 0.11 |
| Current Ratio | 2.19 | 2.08 | 1.74 |
| Dividend Payout Ratio | 6% | 5% | 5% |
| ompany | BVG INDIA LTD | TEAMLEASE SERVICES LTD | HEALTHCARE GLOBAL ENTERPRISES LTD |
|---|---|---|---|
| Market Cap (₹ Crores) | 5227 | 3929 | 4607 |
| Profitability Margin (%) | 6% | 1% | 1.04% |
| ROCE (%) | 28% | 15% | 8.37% |
| ROE (%) | 14% | 15% | 2.04% |
| D/E Ratio | 0.39 | 0.12 | 1.05 |
| P/E Ratio | 25.35 | 35.00 | 245 |
| P/B Ratio | 4.44 | 4.87 | 5.34 |
| Book Value per Share (₹) | 73.22 | 472.00 | 61.9 |
| Assets | 2024 | 2023 | 2022 |
|---|---|---|---|
| Fixed Assets | 167 | 170 | 160 |
| CWIP | 71 | 0.1 | 0.06 |
| Investments | 11 | 3.2 | 0.1 |
| Trade Receivables | 938 | 965 | 910 |
| Inventory | 31 | 10 | 168 |
| Other Assets | 864 | 768.7 | 651.84 |
| Total Assets | 2082 | 1917 | 1890 |
| Liabilities | 2024 | 2023 | 2022 |
|---|---|---|---|
| Share Capital | 25.71 | 25.71 | 25.71 |
| FV | 2 | 2 | 10 |
| Reserves | 1152 | 996 | 877 |
| Borrowings | 460 | 400 | 368 |
| Trade Payables | 124 | 203 | 146 |
| Other Liabilities | 320.29 | 292.29 | 473.29 |
| Total Liabilities | 2082 | 1917 | 1890 |
