BIGBLOC Construction Ltd

BIGBLOC Construction Ltd

₹ 105 2.05%
21 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

Product Profile
The company manufactures building blocks and AAC (Aerated Autoclave Concrete) Bricks. [1] AAC blocks are building materials that offer low weight, thermal insulation, sound absorption, fire resistance, and building capability. AAC is a natural and non-toxic construction material, that saves energy and is eco-friendly. [2] Being lightweight, it reduces the dead weight of buildings, leading to a reduction in steel (~27%) and cement (~20%) structural costs. The larger size of AAC blocks - 8-10 times that of clay bricks - results in fewer joints and up to 66% savings in mortar. [3]

  • Market Cap 1,482 Cr.
  • Current Price 105
  • High / Low 148 / 75.2
  • Stock P/E 2,087
  • Book Value 3.95
  • Dividend Yield 0.38 %
  • ROCE 18.2 %
  • ROE 19.6 %
  • Face Value 2.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.0%
  • Company has been maintaining a healthy dividend payout of 23.6%

Cons

  • Stock is trading at 26.5 times its book value
  • Company has low interest coverage ratio.
  • Earnings include an other income of Rs.4.15 Cr.
  • Debtor days have increased from 71.9 to 90.6 days.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
24.60 31.78 29.37 31.43 25.83 28.65 27.92 29.34 28.84 25.07 23.62 16.12 14.58
20.42 27.16 24.72 25.27 18.62 21.65 21.99 23.57 22.60 18.93 21.26 14.64 16.58
Operating Profit 4.18 4.62 4.65 6.16 7.21 7.00 5.93 5.77 6.24 6.14 2.36 1.48 -2.00
OPM % 16.99% 14.54% 15.83% 19.60% 27.91% 24.43% 21.24% 19.67% 21.64% 24.49% 9.99% 9.18% -13.72%
0.60 0.01 0.01 0.01 0.36 0.15 0.76 0.43 0.76 0.49 1.91 0.38 1.37
Interest 0.65 0.63 0.64 0.44 0.59 0.61 0.82 1.01 1.07 1.14 1.31 1.37 1.27
Depreciation 0.98 0.99 1.01 0.92 0.93 0.92 1.01 1.07 1.16 1.23 1.29 0.97 0.73
Profit before tax 3.15 3.01 3.01 4.81 6.05 5.62 4.86 4.12 4.77 4.26 1.67 -0.48 -2.63
Tax % 11.43% 25.25% 24.92% 26.82% 19.67% 28.11% 25.10% 25.24% 20.34% 24.65% 44.31% 20.83% 8.37%
2.79 2.26 2.25 3.52 4.86 4.03 3.64 3.09 3.80 3.21 0.94 -0.58 -2.86
EPS in Rs 0.20 0.16 0.16 0.25 0.34 0.28 0.26 0.22 0.27 0.23 0.07 -0.04 -0.20
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 Mar 2024 TTM
60.14 62.80 71.42 95.04 80.79 55.46 103.47 113.82 106.86 79.39
53.71 52.26 59.46 87.36 74.50 50.42 88.32 87.07 86.33 71.41
Operating Profit 6.43 10.54 11.96 7.68 6.29 5.04 15.15 26.75 20.53 7.98
OPM % 10.69% 16.78% 16.75% 8.08% 7.79% 9.09% 14.64% 23.50% 19.21% 10.05%
0.10 0.05 0.25 1.20 0.95 2.14 1.11 0.82 3.58 4.15
Interest 3.55 3.39 3.26 3.62 2.89 2.90 2.59 2.45 4.54 5.09
Depreciation 2.28 2.44 2.97 3.29 3.58 3.69 3.96 3.79 4.75 4.22
Profit before tax 0.70 4.76 5.98 1.97 0.77 0.59 9.71 21.33 14.82 2.82
Tax % 32.86% 38.45% 33.11% 24.87% 7.79% 35.59% 20.60% 24.75% 25.64%
0.47 2.93 4.00 1.49 0.71 0.38 7.71 16.04 11.03 0.71
EPS in Rs 0.21 0.28 0.11 0.05 0.03 0.54 1.13 0.78 0.06
Dividend Payout % 0.30% 12.08% 8.85% 0.00% 49.86% 93.16% 27.55% 17.66% 25.68%
Compounded Sales Growth
10 Years: %
5 Years: 2%
3 Years: 24%
TTM: -31%
Compounded Profit Growth
10 Years: %
5 Years: 49%
3 Years: 202%
TTM: -95%
Stock Price CAGR
10 Years: %
5 Years: 113%
3 Years: 74%
1 Year: 37%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 26%
Last Year: 20%

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 Mar 2024 Sep 2024
Equity Capital 0.07 14.16 14.16 14.16 14.16 14.16 14.16 14.16 14.16 28.32
Reserves 20.83 9.25 12.82 13.88 16.84 16.87 23.51 37.66 46.33 27.61
27.75 28.79 36.25 37.52 39.13 42.64 19.72 38.85 61.88 76.82
11.84 14.46 14.73 20.63 15.29 15.44 18.51 25.57 21.26 22.23
Total Liabilities 60.49 66.66 77.96 86.19 85.42 89.11 75.90 116.24 143.63 154.98
36.00 38.11 38.86 40.27 42.34 42.65 40.05 45.18 53.43 53.03
CWIP 0.17 0.43 2.28 0.00 0.00 0.00 0.00 0.00 1.01 10.43
Investments 0.00 0.00 0.00 0.25 0.25 0.25 2.33 19.09 20.88 24.81
24.32 28.12 36.82 45.67 42.83 46.21 33.52 51.97 68.31 66.71
Total Assets 60.49 66.66 77.96 86.19 85.42 89.11 75.90 116.24 143.63 154.98

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 Mar 2024
2.10 4.82 5.46 3.65 3.48 0.58 16.37 12.92 9.63
-0.81 -4.79 -11.72 -6.42 -5.23 -3.80 7.84 -27.93 -29.14
-0.95 0.16 6.18 2.41 1.55 3.15 -24.27 15.07 19.46
Net Cash Flow 0.34 0.19 -0.08 -0.35 -0.20 -0.07 -0.06 0.06 -0.06

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 105.97 116.18 106.25 78.46 88.23 113.26 53.23 71.80 90.65
Inventory Days 87.87 114.99 119.21 54.37 56.59 108.24 37.72 74.46 81.63
Days Payable 131.70 196.78 131.34 107.50 111.87 164.13 73.03 82.20 67.58
Cash Conversion Cycle 62.13 34.39 94.12 25.33 32.95 57.38 17.92 64.06 104.71
Working Capital Days 65.06 64.57 98.99 49.16 77.53 128.60 49.28 76.90 95.43
ROCE % 16.16% 16.01% 8.68% 5.39% 4.90% 18.77% 32.73% 18.17%

Shareholding Pattern

Numbers in percentages

5 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
71.81% 72.27% 72.27% 72.27% 72.27% 72.27% 72.27% 72.27% 72.27% 72.42% 72.42% 72.48%
0.10% 0.02% 0.00% 0.04% 0.00% 0.05% 0.00% 0.00% 0.00% 0.12% 0.23% 0.24%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.00% 0.00% 0.08% 0.08% 0.08%
0.00% 0.00% 0.00% 0.41% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
28.10% 27.70% 27.72% 27.28% 27.73% 27.68% 27.71% 27.72% 27.73% 27.39% 27.27% 27.20%
No. of Shareholders 12,11613,61414,67414,05016,31717,99922,06226,05228,83032,62136,44045,159

* 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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