BVG India Unlisted Share

BVG India Limited, established in 1993 by Mr. Hanmantrao Ramdas Gaikwad, initially focused on rural youth empowerment through small projects, later evolving into a prominent company by 1997. With a workforce of over 55,000, BVG India excels in diverse sectors, offering services like facilities management, waste management, and renewable energy solutions to esteemed clients nationwide, solidifying its reputation through prestigious contracts and commitment to excellence.

Services Offered by BVG India

Subsidiaries-

Vision and Mission

BVG India Limited aims to become India's largest integrated services brand, prioritizing client satisfaction, employee development, and community contribution, while empowering businesses through high-quality, technology-driven solutions.

Business Overview

In recent years, BVG India Limited has focused on strengthening core business platforms, prioritizing customer service and employee engagement. Organizing services into four distinct platforms, they secured contracts with 440 new clients in FY23, emphasizing private clientele, and generated INR 1624 million in revenue, with notable wins including Adani Airport and Chennai Metro.

Financial Highlights:

Segment wise revenue (in Rs crores)

Competitors

1. Darpan Dealcom Limited
2. Pcm Chemical India Private Limited
3. Hubert Burda Media India Private Limited
4. Pjs Overseas Limited

Over the span of three fiscal years, the company has showcased a commendable upward trajectory in its financial performance. Total income has witnessed steady growth, increasing from Rs. 1,674.58 crore in FY 2021 to Rs. 2,318.68 crore in FY 2023, representing a CAGR of approximately 16.5%. Similarly, profit after tax has seen consistent improvement, rising from Rs. 90.02 crore in FY 2021 to Rs. 127.68 crore in FY 2023, with a CAGR of around 16.7%. Earnings per share have also exhibited a positive trend, climbing from Rs. 35.05 in FY 2021 to Rs. 48.75 in FY 2023, marking a CAGR of approximately 18.5%. These robust financial indicators underscore the company's strong performance and resilience over the years, reflecting its ability to capitalize on opportunities and deliver value to its stakeholders.

BVG India Ltd Declared Final Dividend of Rs. 2.50 per Share for 2022-23.

Industry overview

 Expected Growth: The IFM market in India is projected to grow at a CAGR of 14.6% from FY2023 to FY2028, driven by investments in various end-user segments.

 Primary Growth Drivers: Industrial, commercial offices, airports, railways and metros, healthcare, education, retail, and public administration sectors collectively contribute over 80% of market demand.

 Fragmented Market: The IFM market is largely unorganized, dominated by small and medium-sized companies, yet there’s a growing trend toward market consolidation.

 Shifting Towards Organized Services: Increased awareness around quality and safety standards is pushing customers to prefer organized, compliant IFM providers over unorganized ones.

 Rising Demand for SLAs: Large customers, especially government clients, are increasingly focused on service level agreements (SLAs), which specify output-based expectations and quality standards.

 Selection Criteria in Government Sector: Key factors for government contracts include industry experience, the capability to handle large contracts, coverage of multiple locations, and high service quality.

BVG India Ltd's IPO Journey

1. DRHP Filed (September 2021): BVG India Ltd, one of India's top facilities and infrastructure management companies, filed its draft red herring prospectus (DRHP) in September 2021. 
2. Fresh Issue Details (September 2021): The fresh issue component of BVG India Ltd's IPO, amounting to Rs. 200 crore, was included in the DRHP filed in September 2021. This component represents the company's intention to raise capital for various purposes, including expansion and debt reduction.
3. Sebi Returns IPO Papers (March 2022): The Securities and Exchange Board of India (Sebi) returned the draft IPO papers of BVG India Ltd in March 2022. This setback indicates challenges in the IPO process for the company, potentially impacting its expansion plans and financial objectives.

BVG India Ltd Unlisted Share Price Journey

The unlisted share price reached a 52-week high on January 19th, 2024, at Rs. 1340 and a 52-week low on January 24, 2024, at Rs. 235. The unlisted share price as of February 2024 is Rs. 235.

Achievements.-

Its Notable achievements include the implementation of India’s first Emergency Police Services and large-scale projects like Smart City development in Gujarat. They also specialize in solar energy, road sanitation, pest control, and solid waste processing, aligning with the Swachh Bharat mission and environmental goals. With an extensive client base and strong technical expertise, BVG plays a crucial role in India's sustainable infrastructure growth.

BVG India ANNUAL REPORT 2023-2024

BVG India ANNUAL REPORT 2022-23

BVG India ANNUAL REPORT 2021-22

BVG India ANNUAL REPORT 2020-21