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Last Updated on: 15 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

BIGBLOC Construction Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 15, 2024, 11:41 pm

Market Cap 2,026 Cr.
Current Price 143
High / Low147/72.5
Stock P/E72.8
Book Value 7.35
Dividend Yield0.28 %
ROCE24.0 %
ROE34.2 %
Face Value 2.00
PEG Ratio1.19

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for BIGBLOC Construction Ltd

Competitors of BIGBLOC Construction Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Visaka Industries Ltd 912 Cr. 106178/80.51,185 87.50.47 %3.33 %0.33 % 2.00
Sanghi Industries Ltd 2,116 Cr. 82.0156/80.0 43.00.00 %5.45 %34.1 % 10.0
Ramco Industries Ltd 2,143 Cr. 247274/18320.3 4680.30 %3.15 %2.67 % 1.00
BIGBLOC Construction Ltd 2,026 Cr. 143147/72.572.8 7.350.28 %24.0 %34.2 % 2.00
Industry Average1,799.25 Cr144.50426.03151.460.26%8.98%17.83%3.75

All Competitor Stocks of BIGBLOC Construction Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales34.6539.5328.2541.2352.7552.9955.5448.4849.5446.5554.8758.9061.49
Expenses30.6133.4825.2335.1545.4642.2343.3334.5936.2535.9442.2344.0445.39
Operating Profit4.046.053.026.087.2910.7612.2113.8913.2910.6112.6414.8616.10
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%
Other Income0.25-0.160.310.000.130.110.060.070.010.690.070.220.03
Interest1.181.010.551.150.941.100.711.081.091.272.182.252.07
Depreciation1.321.361.421.431.491.541.481.501.501.602.362.592.68
Profit before tax1.793.521.363.504.998.2310.0811.3810.718.438.1710.2411.38
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%
Net Profit1.593.461.223.144.247.488.438.477.685.565.907.528.62
EPS in Rs0.220.490.170.440.601.061.191.211.090.790.851.071.22

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales100119103175200210
Expenses9310891148150158
Operating Profit71012275151
OPM %7%9%12%15%25%24%
Other Income000101
Interest444447
Depreciation455668
Profit before tax-113184138
Tax %-53%-69%8%11%26%
Net Profit-122163027
EPS in Rs-0.200.350.352.274.283.80
Dividend Payout %0%14%14%13%9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)300.00%0.00%700.00%87.50%
Change in YoY Net Profit Growth (%)0.00%-300.00%700.00%-612.50%

BIGBLOC Construction Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 4 years from 2019-2020 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:%
5 Years:19%
3 Years:33%
TTM:20%
Compounded Profit Growth
10 Years:%
5 Years:89%
3 Years:131%
TTM:1%
Stock Price CAGR
10 Years:%
5 Years:128%
3 Years:118%
1 Year:74%
Return on Equity
10 Years:%
5 Years:33%
3 Years:41%
Last Year:34%

Last Updated: Unknown

Balance Sheet

Last Updated: September 15, 2024, 3:58 pm

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital141414141414
Reserves111618336190
Borrowings5254614387143
Other Liabilities252221243647
Total Liabilities102106114114199294
Fixed Assets6468717086172
CWIP00004118
Investments000001
Other Assets3838434372102
Total Assets102106114114199294

Reserves and Borrowings Chart

Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 464243220
Cash from Investing Activity 2-8-10-5-73-67
Cash from Financing Activity -826-194147
Net Cash Flow-1-0-0-000

Free Cash Flow

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-45.00-44.00-49.00-16.00-36.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days907585555778
Inventory Days665175315766
Days Payable137128137809298
Cash Conversion Cycle20-22362147
Working Capital Days384885446589
ROCE %7%8%24%36%24%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters71.09%71.81%72.27%72.27%72.27%72.27%72.27%72.27%72.27%72.27%72.42%72.42%
FIIs0.00%0.10%0.02%0.00%0.04%0.00%0.05%0.00%0.00%0.00%0.12%0.23%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.02%0.00%0.00%0.08%0.08%
Government0.00%0.00%0.00%0.00%0.41%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public28.91%28.10%27.70%27.72%27.28%27.73%27.68%27.71%27.72%27.73%27.39%27.27%
No. of Shareholders3,93112,11613,61414,67414,05016,31717,99922,06226,05228,83032,62136,440

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.0010.0010.00
Basic EPS (Rs.)4.364.282.271.741.74
Diluted EPS (Rs.)4.364.282.271.741.74
Cash EPS (Rs.)5.805.123.105.415.11
Book Value[Excl.RevalReserv]/Share (Rs.)15.3510.896.6422.5921.09
Book Value[Incl.RevalReserv]/Share (Rs.)15.3510.896.6422.5921.09
Revenue From Operations / Share (Rs.)34.3628.2724.7572.5983.91
PBDIT / Share (Rs.)8.527.183.918.687.53
PBIT / Share (Rs.)7.066.323.085.024.16
PBT / Share (Rs.)5.815.732.561.891.03
Net Profit / Share (Rs.)4.344.262.271.741.74
NP After MI And SOA / Share (Rs.)4.364.282.271.741.74
PBDIT Margin (%)24.7925.4015.8011.968.97
PBIT Margin (%)20.5322.3612.456.914.95
PBT Margin (%)16.9020.2810.322.601.22
Net Profit Margin (%)12.6115.059.172.402.07
NP After MI And SOA Margin (%)12.7015.149.172.402.07
Return on Networth / Equity (%)28.4440.2434.207.728.23
Return on Capital Employeed (%)23.3230.7827.319.919.70
Return On Assets (%)10.5215.2214.102.162.31
Long Term Debt / Equity (X)0.920.850.641.150.93
Total Debt / Equity (X)1.311.160.901.741.74
Asset Turnover Ratio (%)0.981.281.090.560.86
Current Ratio (X)1.231.271.261.000.82
Quick Ratio (X)1.031.071.070.790.67
Inventory Turnover Ratio (X)6.357.945.852.994.56
Dividend Payout Ratio (NP) (%)0.004.676.600.000.00
Dividend Payout Ratio (CP) (%)0.003.894.830.000.00
Earning Retention Ratio (%)0.0095.3393.400.000.00
Cash Earning Retention Ratio (%)0.0096.1195.170.000.00
Interest Coverage Ratio (X)6.8212.237.422.782.40
Interest Coverage Ratio (Post Tax) (X)4.478.255.311.561.55
Enterprise Value (Cr.)1561.32990.60686.86211.35104.03
EV / Net Operating Revenue (X)6.424.953.922.060.87
EV / EBITDA (X)25.8919.4924.8017.199.76
MarketCap / Net Operating Revenue (X)5.844.513.681.520.44
Retention Ratios (%)0.0095.3293.390.000.00
Price / BV (X)13.0711.9913.714.881.76
Price / Net Operating Revenue (X)5.844.513.681.520.44
EarningsYield0.020.030.020.010.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of BIGBLOC Construction Ltd as of October 15, 2024 is: ₹174.47

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of October 15, 2024, BIGBLOC Construction Ltd is Undervalued by 29.24% compared to the current share price ₹135.00

Intrinsic Value of BIGBLOC Construction Ltd as of October 15, 2024 is: ₹281.10

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of October 15, 2024, BIGBLOC Construction Ltd is Undervalued by 108.22% compared to the current share price ₹135.00

Last 5 Year EPS CAGR: 61.12%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 16.50%, which is a positive sign.
  2. The company has shown consistent growth in sales (151.17 cr) and profit (16.67 cr) over the years.
  1. The stock has a high average Working Capital Days of 61.50, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 19.17, which may not be favorable.
  3. The company has higher borrowings (73.33) compared to reserves (38.17), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in BIGBLOC Construction Ltd:
    1. Net Profit Margin: 12.61%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 23.32% (Industry Average ROCE: 8.98%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 28.44% (Industry Average ROE: 17.83%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 4.47
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.03
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 72.8 (Industry average Stock P/E: 426.03)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.31
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Bigbloc Construction Ltd. is a Public Limited Listed company incorporated on 02/09/2016 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L45200GJ2015PLC083577 and registration number is 083577. Currently Company is involved in the business activities of Manufacture of articles of concrete, cement and plaster. Company’s Total Operating Revenue is Rs. 103.51 Cr. and Equity Capital is Rs. 14.16 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Cement ProductsOffice No. 908, 9th Floor, Rajhans Montessa, Surat Gujarat 395007bigblockconstructionltd@gmail.com
http://www.bigblocconstruction.com
Management
NamePosition Held
Mr. Narayan Sitaram SabooChairman & Executive Director
Mr. Naresh Sitaram SabooManaging Director
Mr. Mohit Narayan SabooDirector & CFO
Mr. Dishant Kaushikbhai JariwalaInd. Non-Executive Director
Ms. Samiksha Rajesh NadwaniInd. Non-Executive Director
Mr. Sachit Jayesh GandhiInd. Non-Executive Director

FAQ

What is the latest fair value of BIGBLOC Construction Ltd?

The latest fair value of BIGBLOC Construction Ltd is ₹174.47.

What is the Market Cap of BIGBLOC Construction Ltd?

The Market Cap of BIGBLOC Construction Ltd is 2,026 Cr..

What is the current Stock Price of BIGBLOC Construction Ltd as on 15 October 2024?

The current stock price of BIGBLOC Construction Ltd as on 15 October 2024 is ₹143.

What is the High / Low of BIGBLOC Construction Ltd stocks in FY 2024?

In FY 2024, the High / Low of BIGBLOC Construction Ltd stocks is 147/72.5.

What is the Stock P/E of BIGBLOC Construction Ltd?

The Stock P/E of BIGBLOC Construction Ltd is 72.8.

What is the Book Value of BIGBLOC Construction Ltd?

The Book Value of BIGBLOC Construction Ltd is 7.35.

What is the Dividend Yield of BIGBLOC Construction Ltd?

The Dividend Yield of BIGBLOC Construction Ltd is 0.28 %.

What is the ROCE of BIGBLOC Construction Ltd?

The ROCE of BIGBLOC Construction Ltd is 24.0 %.

What is the ROE of BIGBLOC Construction Ltd?

The ROE of BIGBLOC Construction Ltd is 34.2 %.

What is the Face Value of BIGBLOC Construction Ltd?

The Face Value of BIGBLOC Construction Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in BIGBLOC Construction Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE