BIGBLOC Construction Ltd

₹ 134 -5.00%
27 Jan - close price
nxtbloc.in BSE: 540061 NSE : BIGBLOC
About

Bigbloc Construction Limited was incorporated in 2015. The company is primarily engaged in manufacture, sale and marketing of AAC (Aerated Autoclaved Concrete) Blocks. These AAC Blocks of the company are marketed in the Brand name of NXTBLOC. The company has its headquarters in Surat. [1][2]

Key Points

Demerger
Till 2015, the AAC (Aerated Autoclaved Concrete) Blocks business was conducted by Mohit Industries Limited. Consequent upon the demerger of AAC Block Division of Mohit Industries Limited in 2016, the AAC Block business is being conducted by Bigbloc Construction Limited.[1]

Website BSE NSE
  • Market Cap ₹ 948 Cr.
  • Current Price ₹ 134
  • High / Low ₹ 169 / 66.2
  • Stock P/E 64.7
  • Book Value ₹ 6.51
  • Dividend Yield 0.22 %
  • ROCE 18.8 %
  • ROE 22.4 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 21.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 56.9%
  • Debtor days have improved from 84.9 to 53.2 days.
  • Company's working capital requirements have reduced from 85.1 days to 49.3 days

Cons

  • Stock is trading at 20.6 times its book value
  • The company has delivered a poor sales growth of 10.5% over past five years.
  • Company has a low return on equity of 9.30% over last 3 years.

* 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: Cement - Products Industry: Cement Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
21.16 18.57 2.40 9.16 21.24 22.50 17.75 24.60 31.78 29.37 31.43 25.83 28.65
19.55 17.20 3.48 9.01 19.53 18.46 16.04 20.42 27.16 24.72 25.27 18.62 21.65
Operating Profit 1.61 1.37 -1.08 0.15 1.71 4.04 1.71 4.18 4.62 4.65 6.16 7.21 7.00
OPM % 7.61% 7.38% -45.00% 1.64% 8.05% 17.96% 9.63% 16.99% 14.54% 15.83% 19.60% 27.91% 24.43%
0.10 0.57 0.20 0.40 0.73 1.03 0.49 0.60 0.01 0.01 0.01 0.36 0.15
Interest 0.63 0.80 0.69 0.70 0.71 0.80 0.67 0.65 0.63 0.64 0.44 0.59 0.61
Depreciation 0.95 0.79 0.91 0.90 0.94 0.93 0.98 0.98 0.99 1.01 0.92 0.93 0.92
Profit before tax 0.13 0.35 -2.48 -1.05 0.79 3.34 0.55 3.15 3.01 3.01 4.81 6.05 5.62
Tax % 53.85% 65.71% 1.61% 1.90% 26.58% 1.80% 25.45% 11.43% 25.25% 24.92% 26.82% 19.67% 28.11%
Net Profit 0.07 0.12 -2.44 -1.04 0.58 3.28 0.41 2.79 2.26 2.25 3.52 4.86 4.03
EPS in Rs 0.01 0.02 -0.34 -0.15 0.08 0.46 0.06 0.39 0.32 0.32 0.50 0.69 0.57
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
60 63 71 95 81 55 104 115
54 52 59 87 74 50 88 90
Operating Profit 6 11 12 8 6 5 15 25
OPM % 11% 17% 17% 8% 8% 9% 15% 22%
0 0 0 1 1 2 1 1
Interest 4 3 3 4 3 3 3 2
Depreciation 2 2 3 3 4 4 4 4
Profit before tax 1 5 6 2 1 1 10 19
Tax % 33% 38% 33% 25% 8% 36% 21%
Net Profit 0 3 4 1 1 0 8 15
EPS in Rs 0.41 0.56 0.21 0.10 0.05 1.09 2.08
Dividend Payout % 0% 12% 9% 0% 50% 93% 28%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 3%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: 21%
3 Years: 73%
TTM: 68%
Stock Price CAGR
10 Years: %
5 Years: 38%
3 Years: 161%
1 Year: 83%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 9%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
0 14 14 14 14 14 14 14
Reserves 1 9 13 14 17 17 24 32
28 29 36 38 39 43 20 26
32 14 15 21 15 15 19 19
Total Liabilities 60 67 78 86 85 89 76 91
36 38 39 40 42 43 40 42
CWIP 0 0 2 0 0 0 0 0
Investments 0 0 0 0 0 0 2 2
24 28 37 46 43 46 34 46
Total Assets 60 67 78 86 85 89 76 91

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
2 5 5 4 3 1 16
-1 -5 -12 -6 -5 -4 8
-1 0 6 2 2 3 -24
Net Cash Flow 0 0 -0 -0 -0 -0 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 106 116 106 78 88 113 53
Inventory Days 88 115 119 54 57 108 38
Days Payable 132 197 131 108 112 164 73
Cash Conversion Cycle 62 34 94 25 33 57 18
Working Capital Days 65 65 99 49 78 129 49
ROCE % 20% 16% 9% 5% 5% 19%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
69.32 69.32 70.46 70.81 70.81 70.81 71.09 71.81 72.27 72.27 72.27 72.27
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.10 0.02 0.00 0.04 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.41 0.00
30.68 30.68 29.54 29.19 29.19 29.19 28.91 28.10 27.70 27.72 27.28 27.73

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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