BIGBLOC Construction Ltd

BIGBLOC Construction Ltd

₹ 104 1.36%
21 Nov 4:00 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

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 1,472 Cr.
  • Current Price 104
  • High / Low 148 / 75.2
  • Stock P/E 71.8
  • Book Value 9.34
  • Dividend Yield 0.38 %
  • ROCE 24.0 %
  • ROE 34.2 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 88.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 40.6%

Cons

  • Stock is trading at 11.1 times its book value
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 63.3 to 78.3 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

Consolidated Figures in Rs. Crores / View Standalone

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
41.23 52.75 52.99 55.54 48.48 49.54 46.55 54.87 58.90 61.49 67.95 51.57 51.66
35.15 45.46 42.23 43.33 34.59 36.25 35.94 42.23 44.04 45.39 55.40 41.93 43.99
Operating Profit 6.08 7.29 10.76 12.21 13.89 13.29 10.61 12.64 14.86 16.10 12.55 9.64 7.67
OPM % 14.75% 13.82% 20.31% 21.98% 28.65% 26.83% 22.79% 23.04% 25.23% 26.18% 18.47% 18.69% 14.85%
0.00 0.13 0.11 0.06 0.07 0.01 0.69 0.07 0.22 0.03 3.82 0.69 1.04
Interest 1.15 0.94 1.10 0.71 1.08 1.09 1.27 2.18 2.25 2.07 2.35 2.91 3.58
Depreciation 1.43 1.49 1.54 1.48 1.50 1.50 1.60 2.36 2.59 2.68 2.72 3.09 3.25
Profit before tax 3.50 4.99 8.23 10.08 11.38 10.71 8.43 8.17 10.24 11.38 11.30 4.33 1.88
Tax % 10.29% 15.23% 9.11% 16.37% 25.57% 28.29% 34.05% 27.91% 26.66% 24.34% 23.54% 30.02% 89.89%
3.14 4.24 7.48 8.43 8.47 7.68 5.56 5.90 7.52 8.62 8.65 3.03 0.19
EPS in Rs 0.22 0.30 0.53 0.60 0.61 0.54 0.40 0.43 0.53 0.61 0.61 0.31 0.15
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
100 119 103 175 200 243 233
93 108 91 148 150 187 187
Operating Profit 7 10 12 27 51 56 46
OPM % 7% 9% 12% 15% 25% 23% 20%
0 0 0 1 0 4 6
Interest 4 4 4 4 4 9 11
Depreciation 4 5 5 6 6 10 12
Profit before tax -1 1 3 18 41 41 29
Tax % 53% -69% 8% 11% 26% 25%
-1 2 2 16 30 31 20
EPS in Rs -0.10 0.17 0.17 1.14 2.14 2.18 1.68
Dividend Payout % 0% 14% 14% 13% 9% 9%
Compounded Sales Growth
10 Years: %
5 Years: 19%
3 Years: 33%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: 89%
3 Years: 131%
TTM: -23%
Stock Price CAGR
10 Years: %
5 Years: 113%
3 Years: 74%
1 Year: 37%
Return on Equity
10 Years: %
5 Years: 33%
3 Years: 41%
Last Year: 34%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 14 14 14 14 14 14 28
Reserves 11 16 18 33 61 90 104
52 54 61 43 87 143 170
25 22 21 24 36 47 44
Total Liabilities 102 106 114 114 199 294 346
64 68 71 70 86 172 208
CWIP 0 0 0 0 41 18 16
Investments 0 0 0 0 0 1 1
38 38 43 43 72 102 121
Total Assets 102 106 114 114 199 294 346

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4 6 4 24 32 20
2 -8 -10 -5 -73 -67
-8 2 6 -19 41 47
Net Cash Flow -1 -0 0 -0 0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 90 75 85 55 57 78
Inventory Days 66 51 75 31 57 66
Days Payable 137 128 137 80 92 98
Cash Conversion Cycle 20 -2 23 6 21 47
Working Capital Days 38 48 85 44 65 89
ROCE % 7% 8% 24% 36% 24%

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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