BIGBLOC Construction Ltd

BIGBLOC Construction Ltd

₹ 237 1.56%
25 Apr 4:01 p.m.
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]

  • Market Cap 1,683 Cr.
  • Current Price 237
  • High / Low 267 / 128
  • Stock P/E 122
  • Book Value 8.13
  • Dividend Yield 0.17 %
  • ROCE 32.7 %
  • ROE 36.6 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 32.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 46.1%

Cons

  • Stock is trading at 29.2 times its book value
  • The company has delivered a poor sales growth of 9.76% over past five 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 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
21.24 22.50 17.75 24.60 31.78 29.37 31.43 25.83 28.65 27.92 29.34 28.84 25.07
19.53 18.46 16.04 20.42 27.16 24.72 25.27 18.62 21.65 21.99 23.57 22.60 18.93
Operating Profit 1.71 4.04 1.71 4.18 4.62 4.65 6.16 7.21 7.00 5.93 5.77 6.24 6.14
OPM % 8.05% 17.96% 9.63% 16.99% 14.54% 15.83% 19.60% 27.91% 24.43% 21.24% 19.67% 21.64% 24.49%
0.73 1.03 0.49 0.60 0.01 0.01 0.01 0.36 0.15 0.76 0.43 0.76 0.49
Interest 0.71 0.80 0.67 0.65 0.63 0.64 0.44 0.59 0.61 0.82 1.01 1.07 1.14
Depreciation 0.94 0.93 0.98 0.98 0.99 1.01 0.92 0.93 0.92 1.01 1.07 1.16 1.23
Profit before tax 0.79 3.34 0.55 3.15 3.01 3.01 4.81 6.05 5.62 4.86 4.12 4.77 4.26
Tax % 26.58% 1.80% 25.45% 11.43% 25.25% 24.92% 26.82% 19.67% 28.11% 25.10% 25.24% 20.34% 24.65%
0.58 3.28 0.41 2.79 2.26 2.25 3.52 4.86 4.03 3.64 3.09 3.80 3.21
EPS in Rs 0.08 0.46 0.06 0.39 0.32 0.32 0.50 0.69 0.57 0.51 0.44 0.54 0.45
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 Mar 2023 TTM
60 63 71 95 81 55 103 114 111
54 52 59 87 74 50 88 87 87
Operating Profit 6 11 12 8 6 5 15 27 24
OPM % 11% 17% 17% 8% 8% 9% 15% 24% 22%
0 0 0 1 1 2 1 1 2
Interest 4 3 3 4 3 3 3 2 4
Depreciation 2 2 3 3 4 4 4 4 4
Profit before tax 1 5 6 2 1 1 10 21 18
Tax % 33% 38% 33% 25% 8% 36% 21% 25%
0 3 4 1 1 0 8 16 14
EPS in Rs 0.41 0.56 0.21 0.10 0.05 1.09 2.27 1.94
Dividend Payout % 0% 12% 9% 0% 50% 93% 28% 18%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 12%
TTM: -4%
Compounded Profit Growth
10 Years: %
5 Years: 33%
3 Years: 185%
TTM: -6%
Stock Price CAGR
10 Years: %
5 Years: 104%
3 Years: 141%
1 Year: 79%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 22%
Last Year: 37%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 14 14 14 14 14 14 14 14
Reserves 21 9 13 14 17 17 24 38 43
28 29 36 38 39 43 20 39 59
12 14 15 21 15 15 19 26 19
Total Liabilities 60 67 78 86 85 89 76 116 136
36 38 39 40 42 43 40 45 48
CWIP 0 0 2 0 0 0 0 0 2
Investments 0 0 0 0 0 0 2 19 19
24 28 37 46 43 46 34 52 67
Total Assets 60 67 78 86 85 89 76 116 136

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2 5 5 4 3 1 16 10
-1 -5 -12 -6 -5 -4 8 -28
-1 0 6 2 2 3 -24 18
Net Cash Flow 0 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 Mar 2023
Debtor Days 106 116 106 78 88 113 53 72
Inventory Days 88 115 119 54 57 108 38 75
Days Payable 132 197 131 108 112 164 73 82
Cash Conversion Cycle 62 34 94 25 33 57 18 64
Working Capital Days 65 65 99 49 78 129 49 77
ROCE % 16% 16% 9% 5% 5% 19% 33%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.81% 71.09% 71.81% 72.27% 72.27% 72.27% 72.27% 72.27% 72.27% 72.27% 72.27% 72.42%
0.00% 0.00% 0.10% 0.02% 0.00% 0.04% 0.00% 0.05% 0.00% 0.00% 0.00% 0.12%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.00% 0.08%
0.00% 0.00% 0.00% 0.00% 0.00% 0.41% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
29.19% 28.91% 28.10% 27.70% 27.72% 27.28% 27.73% 27.68% 27.71% 27.72% 27.73% 27.39%
No. of Shareholders 4,4463,93112,11613,61414,67414,05016,31717,99922,06226,05228,83032,621

* 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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Documents

Concalls