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 ₹ 400 Cr.
- Current Price ₹ 387
- High / Low ₹ 425 / 118
- Stock P/E 88.6
- Book Value ₹ 136
- Dividend Yield 0.00 %
- ROCE 2.47 %
- ROE 1.74 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Stock is trading at 2.85 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 1.58% 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: Realty Industry: Construction
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 1.04 | 0.38 | 0.76 | 3.51 | 5.26 | 8.23 | |
| 0.83 | 0.30 | 0.09 | 0.31 | 0.59 | 1.79 | 1.59 | 1.99 | |
| Operating Profit | -0.83 | -0.30 | 0.95 | 0.07 | 0.17 | 1.72 | 3.67 | 6.24 |
| OPM % | 91.35% | 18.42% | 22.37% | 49.00% | 69.77% | 75.82% | ||
| 6.75 | 2.45 | 0.35 | 0.69 | 1.98 | 1.65 | 1.36 | -1.20 | |
| Interest | 0.04 | 0.06 | 0.01 | 0.00 | 0.18 | 0.70 | 1.07 | 1.54 |
| Depreciation | 0.47 | 0.16 | 0.11 | 0.08 | 0.65 | 0.68 | 1.35 | 1.43 |
| Profit before tax | 5.41 | 1.93 | 1.18 | 0.68 | 1.32 | 1.99 | 2.61 | 2.07 |
| Tax % | 34.75% | 29.02% | 27.12% | 14.71% | 12.12% | 6.53% | 8.05% | |
| 3.53 | 1.38 | 0.85 | 0.58 | 1.16 | 1.86 | 2.41 | 1.99 | |
| EPS in Rs | 56.12 | 21.94 | 13.51 | 6.24 | 12.49 | 1.80 | 2.33 | 1.92 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 140% |
| TTM: | 117% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 62% |
| TTM: | 164% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 234% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | 2% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.63 | 0.63 | 0.63 | 0.93 | 0.93 | 10.33 | 10.33 | 10.33 |
| Reserves | 32.40 | 33.75 | 34.63 | 88.94 | 90.08 | 126.89 | 129.29 | 130.08 |
| 0.43 | 0.74 | 0.00 | 8.71 | 6.79 | 7.05 | 14.51 | 12.77 | |
| 2.05 | 0.75 | 0.20 | 0.12 | 0.67 | 8.97 | 10.80 | 10.82 | |
| Total Liabilities | 35.51 | 35.87 | 35.46 | 98.70 | 98.47 | 153.24 | 164.93 | 164.00 |
| 14.13 | 14.45 | 14.35 | 26.42 | 23.39 | 22.79 | 31.55 | 12.67 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.10 | 0.10 | 5.91 | 67.96 | 61.05 | 61.23 | 71.17 | 89.48 |
| 21.28 | 21.32 | 15.20 | 4.32 | 14.03 | 69.22 | 62.21 | 61.85 | |
| Total Assets | 35.51 | 35.87 | 35.46 | 98.70 | 98.47 | 153.24 | 164.93 | 164.00 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| 0.63 | 0.53 | -3.86 | 4.24 | 8.00 | 4.82 | ||
| -4.62 | 0.48 | -1.94 | -5.59 | -53.85 | -11.39 | ||
| 0.23 | -0.50 | 5.76 | 2.04 | 44.92 | 7.92 | ||
| Net Cash Flow | -3.76 | 0.52 | -0.05 | 0.69 | -0.93 | 1.35 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
| Working Capital Days | 428.17 | 499.47 | 898.09 | -504.34 | -426.76 | ||
| ROCE % | 5.80% | 3.38% | 1.00% | 1.53% | 2.22% | 2.47% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
14 Nov - Agreement for sale of FSI worth Rs. 46.77 Crore.
-
Non-Applicability Of Related Party Transactions Disclosure Under Regulation 23(9) Of SEBI (LODR) Regulations, 2015
14 Nov - Non-applicability of related party disclosure under SEBI.
- Half Yearly Financial Result For Half Year Ended September 30, 2024. Board Meeting Held On November 14, 2024 14 Nov
-
Board Meeting Outcome for Board Meeting Outcome For Outcome Of The Board Meeting Held On 14Th November, 2024
14 Nov - Approved un-audited financial results for H1 2024.
-
Board Meeting Intimation for Board Meeting To Be Held On Thursday, November 14, 2024.
6 Nov - Board meeting to discuss financial results on Nov 14.
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