Unlisted Shares
BVG India Limited Unlisted Share
BVG India Limited (Unlisted)

Verified Unlisted CompanyOff-market Transfer · NSDL / CDSL
About BVG India Limited Unlisted Share
BVG India Limited (Bharat Vikas Group) is one of India’s largest integrated facility management and services companies. Founded in 2002, the company provides end-to-end solutions across facility management, emergency medical services, solid waste management, infrastructure projects, logistics, and renewable energy. It operates pan-India with major government and corporate contracts.
Share Details
| company Name | BVG India Limited (Unlisted) |
| indicative Unlisted Share Price | ₹802 |
| market Capitalization | ₹5078 Crore (Approx.) |
| lot Size | 100 |
| 52 Week High | ₹395 |
| 52 Week Low | ₹315 |
| face Value | ₹2 |
| book Value | ₹79.5 |
| pe Ratio | 24.5 |
| pb Ratio | 3.7 |
| debt To Equity | 0.35 |
| return On Equity | 12.5 |
| total Outstanding Shares | 12,85,00,000 (Approx.) |
| isin | INE257H01021 |
| depository | NSDL & CDSL |
| pan | AACCB0943N |
| cin | U74999PN2002PLC016834 |
| rta | Link Intime India Private Limited |
Income Statement (Profit & Loss) (₹ in Crore)
| Particulars | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 4,704 | 5,489 | 6,264 | 6,835 |
| EBITDA | 724 | 892 | 1,113 | 1,246 |
| EBIT | 608 | 777 | 997 | 1,126 |
| PBT | 883 | 954 | 1,155 | 1,252 |
| Net Profit / Loss (PAT) | 631 | 634 | 823 | 937 |
| EPS | 22.9 | 23.01 | 29.82 | 34.01 |
Key Financial Ratios (Last 3–5 Years)
| Ratio | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Operating Profit Margin (%) | 15.39 | 16.25 | 17.77 | 18.23 |
| Net Profit Margin (%) | 13.41 | 11.55 | 13.14 | 13.71 |
| ROE (%) | - | - | - | 12.5 |
| EPS (₹) | 22.9 | 23.01 | 29.82 | 34.01 |
Financial Annual Report Summary
BVG has shown robust revenue growth with consistent improvement in profitability. Strong order book from government and corporate contracts supports stable growth. The company maintains moderate leverage and healthy cash flows.
Why Invest in BVG India Limited
- Steady revenue growth driven by large government and corporate contracts.
- Consistent margin improvement and strong PAT growth.
- Healthy order book provides good revenue visibility.
- Attractive unlisted valuation with strong fundamentals.
Balance Sheet - Assets (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Fixed Assets | 180 | 170 | 187 | 253 |
| CWIP | 0.06 | 0.01 | 71 | 1.5 |
| Investments | 0.1 | 3.2 | 11 | 12 |
| Trade Receivables | 910 | 965 | 938 | 1,038 |
| Inventory | 198 | 10 | 31 | 42 |
| Other Assets | 851.84 | 768.7 | 886 | 1,032.5 |
| Total Assets | 2,190 | 1,917 | 2,122 | 2,379 |
Balance Sheet - Liabilities & Equity (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Share Capital | 25.71 | 25.71 | 25.71 | 25.7 |
| Reserves | 877 | 996 | 1,152 | 1,343 |
| Borrowings | 368 | 420 | 480 | 683 |
| Trade Payables | 14.6 | 203 | 126 | 13.6 |
| Other Liabilities | 475.29 | 292.29 | 320.29 | 648.3 |
| Total Liabilities | 2,190 | 1,917 | 2,122 | 2,379 |
Liabilities Breakdown & Balance Sheet Insights
Balance Sheet Insights
Strong growth in reserves. Borrowings increased moderately to support expansion.
Liabilities Breakdown
Debt to Equity remains comfortable. Working capital requirements are moderate.
Additional Insights
Healthy equity base with growing reserves. Asset base expanding steadily.
Cash Flow Insights
- Positive operating cash flows across years.
- Moderate investing and financing activities.
- Stable cash position maintained.
Shareholding Pattern
Recent
Promoter: High (Founder Group)
Institutional: Moderate
Public: Low
Promoters & Management
Founded by Hanmantrao Gaikwad. Strong promoter involvement with professional management.
Key Management
Hanmantrao Gaikwad - Founder & Managing Director
25+ Years in Services Industry
Registrar & Transfer Agent (RTA)
Registrar: Link Intime India Private Limited
Website: https://www.linkintime.co.in/
Management Analysis
Focus on large-scale government contracts, operational excellence, diversification into renewable energy & infrastructure, and maintaining high service quality standards.
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