This small-cap company announced stellar results, do you own it?

Subtitle- Net profit at Rs 30.14 crore, spiked 87.4 per cent on YoY basis over FY22 at Rs 16.08 crore.  

Bigbloc Construction Limited was founded in 2015. The company primarily manufactures, sells, and markets AAC (Aerated Autoclaved Concrete) blocks. The company's AAC Blocks are offered under the brand NXTBLOC.  

The Bigbloc Construction Limited announced their fourth quarter & year ended financial results as on March 31, 2023.  

The key highlights of fourth quarter:  

1) The total revenue at Rs 27.92 crore in Q4FY23, down by 4.96 per cent on YoY basis as compared to Q4FY22.     

2)The net profit of Rs 3.64 crore for Q4FY23, up by 61.55 per cent compared to Rs 2.25 crore in Q4FY22.   

The key highlights for FY23:     

1) Total income of Rs 200.94 crore, zoomed by 14.3 per cent on YoY basis over FY22 of Rs 175.78 crore.  

2) The EBIDTA level stood at Rs 50.84 crore, surged of 83.5 per cent on YoY basis as compared to FY22 at Rs 27.70 crore.   

3) Net profit at Rs 30.14 crore, spiked 87.4 per cent on YoY basis over FY22 at Rs 16.08 crore.   

4) EPS for FY23 stood at Rs 4.28 per share. The company has recommended 20 per cent dividend of Rs 0.40 per share on the face value of Rs 2 per share for the FY 2022-23.  

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Bigbloc Construction Limited has added major clients like Reliance Industries Limited and Shapoorji Pallonji. On the expansion front, Bigbloc will begin commercial production at Wada in Palghar, Maharashtra. Company also entered a joint venture agreement with SCG Group. Post completion of all expansion, Bigbloc will be the largest manufacturer of AAC blocks in India with the production capacity of 13.75 lakh cubic meter per annum.  

On Monday, BigBloc Construction Ltd dipped by 1.48 per cent and closed at 160 per share on BSE. The stock has witnessed significant buying activity as it has surged more than 36.32 per cent in just 1 year and zoomed by 580.44 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.