B-Right RealEstate Ltd
Incorporated in 2008, B-Right Real Estate Ltd is in the business of Real Estate Development and Investments[1]
- Market Cap ₹ 393 Cr.
- Current Price ₹ 380
- High / Low ₹ 450 / 137
- Stock P/E 300
- Book Value ₹ 136
- Dividend Yield 0.00 %
- ROCE 4.15 %
- ROE 1.76 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.80 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 1.26% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Realty Industry: Construction
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|
| 0.42 | 0.38 | 1.37 | 17.22 | 40.90 | 62.74 | |
| 0.15 | 0.43 | 0.74 | 13.39 | 31.08 | 50.82 | |
| Operating Profit | 0.27 | -0.05 | 0.63 | 3.83 | 9.82 | 11.92 |
| OPM % | 64.29% | -13.16% | 45.99% | 22.24% | 24.01% | 19.00% |
| 1.05 | 0.81 | 1.56 | 2.04 | 1.38 | -1.17 | |
| Interest | 0.01 | 0.00 | 0.18 | 0.86 | 1.21 | 1.80 |
| Depreciation | 0.11 | 0.08 | 0.65 | 0.68 | 1.35 | 1.44 |
| Profit before tax | 1.20 | 0.68 | 1.36 | 4.33 | 8.64 | 7.51 |
| Tax % | 27.50% | 14.71% | 11.76% | 30.48% | 38.43% | |
| 0.85 | 0.58 | 1.20 | 3.03 | 5.32 | 2.84 | |
| EPS in Rs | 13.51 | 6.24 | 12.92 | 1.85 | 2.35 | 1.78 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 376% |
| TTM: | 140% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 93% |
| TTM: | -25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 138% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 1% |
| Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.63 | 0.93 | 0.93 | 10.33 | 10.33 | 10.33 |
| Reserves | 34.60 | 88.88 | 90.08 | 126.87 | 129.22 | 129.73 |
| 73.83 | 25.69 | 17.37 | 39.25 | 154.09 | 130.59 | |
| 8.54 | 18.92 | 50.43 | 80.76 | 151.32 | 126.76 | |
| Total Liabilities | 117.60 | 134.42 | 158.81 | 257.21 | 444.96 | 397.41 |
| 14.35 | 26.42 | 23.39 | 24.49 | 42.59 | 23.71 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 5.05 | 5.57 | 6.88 | 30.23 | 15.00 | 36.71 |
| 98.20 | 102.43 | 128.54 | 202.49 | 387.37 | 336.99 | |
| Total Assets | 117.60 | 134.42 | 158.81 | 257.21 | 444.96 | 397.41 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| -74.17 | -3.86 | 4.24 | 34.55 | -43.62 | |
| 1.90 | -1.94 | -5.59 | -77.55 | 9.39 | |
| 73.09 | 5.76 | 2.04 | 44.84 | 35.02 | |
| Net Cash Flow | 0.81 | -0.05 | 0.69 | 1.85 | 0.79 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 17.38 | 19.21 | 5.33 | 0.00 | 0.00 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 17.38 | 19.21 | 5.33 | 0.00 | 0.00 |
| Working Capital Days | 65,726.07 | 76,285.00 | 17,650.55 | 1,235.32 | 1,653.48 |
| ROCE % | 0.36% | 0.43% | 3.16% | 4.15% |
Documents
Announcements
-
General Disclosure Pertaining Execution Of Optionally Convertible Debentures Subscription Agreement Entered Between M/S. Farewell Real Estate Private Limited - Subsidiary Company Of The Company And M/S. Yogi Limited.
13 May - Subsidiary Farewell Real Estate issues Rs.50 Cr optionally convertible debentures to Yogi Limited.
-
Disclosure Pursuant To Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirement) Regulations, 2015
23 Apr - Appointed for redevelopment project with combined GDV ₹72 Cr in Mumbai, total sales area 29,700 sq ft.
-
General Disclosure Pertaining Execution Of Share Purchase Agreement ('SPA') And Investor Cum Shareholders' Agreement Relating To Sale Of Stakes In M/S. Farewell Real Estate Private Limited - Subsidiary Company Of The Company.
21 Apr - Sale of 60% stake in subsidiary for Rs. 2000 Cr Mumbai real estate project under SRA scheme.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Certificate under Regulation 74(5) for Q1 2025.
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
29 Mar - Resignation of Company Secretary & Compliance Officer.
Annual reports
Concalls
-
Nov 2022TranscriptNotesPPT
Business Overview:[1][2]
Company is a part of B-Right Group which has 3 vertical namely Construction, Finance (Equity & Debt Funding) and Leasing.
Company is into integrated construction and real estate development focused primarily on residential and commercial projects, in and around Mumbai. Company focuses on developing projects on their own land and by entering into joint development agreement & partnerships with other comapnies