BIGBLOC Construction Ltd

₹ 154 -0.90%
25 Nov - close price
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 1,088 Cr.
  • Current Price 154
  • High / Low 168 / 37.2
  • Stock P/E 38.0
  • Book Value 9.04
  • Dividend Yield 0.20 %
  • ROCE 23.9 %
  • ROE 40.7 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Debtor days have improved from 71.5 to 54.7 days.
  • Company's working capital requirements have reduced from 58.9 days to 43.7 days

Cons

  • Stock is trading at 17.0 times its book value
  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
28.77 30.70 29.70 6.81 21.79 34.65 39.53 28.25 41.23 52.75 52.99 55.54 48.48
26.31 28.04 26.95 7.26 19.50 30.61 33.48 25.23 35.15 45.46 42.23 43.33 34.59
Operating Profit 2.46 2.66 2.75 -0.45 2.29 4.04 6.05 3.02 6.08 7.29 10.76 12.21 13.89
OPM % 8.55% 8.66% 9.26% -6.61% 10.51% 11.66% 15.30% 10.69% 14.75% 13.82% 20.31% 21.98% 28.65%
0.11 0.10 -0.05 0.03 0.24 0.25 -0.16 0.31 0.00 0.13 0.11 0.06 0.07
Interest 1.08 1.03 1.19 1.11 1.13 1.18 1.01 0.55 1.15 0.94 1.10 0.71 1.08
Depreciation 1.21 1.24 1.12 1.25 1.26 1.32 1.36 1.42 1.43 1.49 1.54 1.48 1.50
Profit before tax 0.28 0.49 0.39 -2.78 0.14 1.79 3.52 1.36 3.50 4.99 8.23 10.08 11.38
Tax % -100.00% 14.29% -215.38% 1.44% -14.29% 11.73% 1.70% 10.29% 10.29% 15.23% 9.11% 16.37% 25.57%
Net Profit 0.56 0.42 1.24 -2.74 0.17 1.59 3.46 1.22 3.14 4.24 7.48 8.43 8.47
EPS in Rs 0.08 0.06 0.18 -0.39 0.02 0.22 0.49 0.17 0.44 0.60 1.06 1.19 1.21
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
100 119 103 175 210
93 108 91 148 166
Operating Profit 7 10 12 27 44
OPM % 7% 9% 12% 15% 21%
0 0 0 1 0
Interest 4 4 4 4 4
Depreciation 4 5 5 6 6
Profit before tax -1 1 3 18 35
Tax % -53% -69% 8% 11%
Net Profit -1 2 2 16 29
EPS in Rs -0.20 0.35 0.35 2.27 4.06
Dividend Payout % 0% 14% 14% 9%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 21%
TTM: 46%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 138%
TTM: 204%
Stock Price CAGR
10 Years: %
5 Years: 46%
3 Years: 172%
1 Year: 274%
Return on Equity
10 Years: %
5 Years: %
3 Years: 21%
Last Year: 41%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
14 14 14 14 14
Reserves 11 16 18 33 50
52 54 61 43 47
25 22 21 24 28
Total Liabilities 102 106 114 114 139
64 68 71 70 76
CWIP 0 0 0 0 2
Investments 0 0 0 0 0
38 38 43 43 60
Total Assets 102 106 114 114 139

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022
4 6 4 24
2 -8 -10 -5
-8 2 6 -19
Net Cash Flow -1 -0 0 -0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 90 75 85 55
Inventory Days 66 51 75 31
Days Payable 137 128 137 80
Cash Conversion Cycle 20 -2 23 6
Working Capital Days 38 48 85 44
ROCE % 7% 8% 24%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
69.09 69.32 69.32 70.46 70.81 70.81 70.81 71.09 71.81 72.27 72.27 72.27
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.10 0.02 0.00 0.04
0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.41
30.90 30.68 30.68 29.54 29.19 29.19 29.19 28.91 28.10 27.70 27.72 27.28

Documents

Concalls