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 61.0
  • Book Value 12.4
  • Dividend Yield 0.17 %
  • ROCE 35.7 %
  • ROE 49.9 %
  • Face Value 2.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 37.3%

Cons

  • Stock is trading at 19.1 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.

Peer comparison

Sector: Cement - Products Industry: Cement Products

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
34.65 39.53 28.25 41.23 52.75 52.99 55.54 48.48 49.54 46.55 54.87 58.90 61.49
30.61 33.48 25.23 35.15 45.46 42.23 43.33 34.59 36.25 35.94 42.23 44.04 45.39
Operating Profit 4.04 6.05 3.02 6.08 7.29 10.76 12.21 13.89 13.29 10.61 12.64 14.86 16.10
OPM % 11.66% 15.30% 10.69% 14.75% 13.82% 20.31% 21.98% 28.65% 26.83% 22.79% 23.04% 25.23% 26.18%
0.25 -0.16 0.31 0.00 0.13 0.11 0.06 0.07 0.01 0.69 0.07 0.22 0.03
Interest 1.18 1.01 0.55 1.15 0.94 1.10 0.71 1.08 1.09 1.27 2.18 2.25 2.07
Depreciation 1.32 1.36 1.42 1.43 1.49 1.54 1.48 1.50 1.50 1.60 2.36 2.59 2.68
Profit before tax 1.79 3.52 1.36 3.50 4.99 8.23 10.08 11.38 10.71 8.43 8.17 10.24 11.38
Tax % 11.73% 1.70% 10.29% 10.29% 15.23% 9.11% 16.37% 25.57% 28.29% 34.05% 27.91% 26.66% 24.34%
1.59 3.46 1.22 3.14 4.24 7.48 8.43 8.47 7.68 5.56 5.90 7.52 8.62
EPS in Rs 0.22 0.49 0.17 0.44 0.60 1.06 1.19 1.21 1.09 0.79 0.85 1.07 1.22
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
100 119 103 175 200 222
93 108 91 148 150 168
Operating Profit 7 10 12 27 51 54
OPM % 7% 9% 12% 15% 25% 24%
0 0 0 1 0 1
Interest 4 4 4 4 4 8
Depreciation 4 5 5 6 6 9
Profit before tax -1 1 3 18 41 38
Tax % -53% -69% 8% 11% 26%
-1 2 2 16 30 28
EPS in Rs -0.20 0.35 0.35 2.27 4.28 3.93
Dividend Payout % 0% 14% 14% 13% 9%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 19%
TTM: 7%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 132%
TTM: -14%
Stock Price CAGR
10 Years: %
5 Years: 104%
3 Years: 141%
1 Year: 79%
Return on Equity
10 Years: %
5 Years: %
3 Years: 37%
Last Year: 50%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 14 14 14 14 14 14
Reserves 11 16 18 33 61 74
52 54 61 43 87 108
25 22 21 24 36 32
Total Liabilities 102 106 114 114 199 228
64 68 71 70 86 133
CWIP 0 0 0 0 41 4
Investments 0 0 0 0 0 0
38 38 43 43 72 91
Total Assets 102 106 114 114 199 228

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4 6 4 24 28
2 -8 -10 -5 -73
-8 2 6 -19 45
Net Cash Flow -1 -0 0 -0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 90 75 85 55 57
Inventory Days 66 51 75 31 57
Days Payable 137 128 137 80 93
Cash Conversion Cycle 20 -2 23 6 21
Working Capital Days 38 48 85 44 65
ROCE % 7% 8% 24% 36%

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