B-Right Real Estate Ltd - Stock Valuation and Financial Performance

BSE: 543543 | NSE: | Construction - Real Estate | Small Cap

B-Right Real Estate Share Price

171 0.00 0.00%
as on 09-Apr'24 16:01

DeciZen - make an informed investing decision on B-Right Real Estate

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

B-Right Real Estate stock performance -

mw4me loader
P/E Ratio (SA):
95.20
Market Cap:
176.7 Cr.
52-wk low:
105.3
52-wk high:
233.5

Is B-Right Real Estate Ltd an attractive stock to invest in?

1. Is B-Right Real Estate Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that B-Right Real Estate Ltd is a below average quality company.

2. Is B-Right Real Estate Ltd undervalued or overvalued?

The key valuation ratios of B-Right Real Estate Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is B-Right Real Estate Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of B-Right Real Estate Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of B-Right Real Estate:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
B-Right Real Estate Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4%2.5%0.8%1.4%2.1%-
Value Creation
Index
-0.7-0.8-0.9-0.9-0.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 010.41.43.54
Sales YoY Gr.-NA-63.5%271.1%148.9%-
Adj EPS 2.71.70.81.61.91.8
YoY Gr.--37.7%-55.3%105.3%22.4%-
BVPS (₹) 68.370.1120.9122.5132.8132.8
Adj Net
Profit
1.40.90.61.222
Cash Flow from Ops. 0.60.54.5-3.98-
Debt/CF from Ops. 1.201.9-1.70.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA50%148.9%
Adj EPS NANA4%22.4%
BVPSNANA23.8%8.5%
Share Price - - - -18.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
42.50.91.31.71.4
Op. Profit
Mgn %
091.417.363.954.5NAN
Net Profit
Mgn %
082.5150.282.456.453
Debt to
Equity
000.10.10.1-
Working Cap
Days
06,2918,9132,1644,2570
Cash Conv.
Cycle
00-7-21640

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 1.40%

Sales growth is growing at healthy rate in last 3 years 50.00%

Net Profit has been subdued in last 3 years 3.96%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - B-Right Real Estate Ltd.

Standalone Consolidated
TTM EPS (₹) 1.8 1.9
TTM Sales (₹ Cr.) 3.5 17.2
BVPS (₹.) 132.8 132.8
Reserves (₹ Cr.) 127 127
P/BV 1.29 1.29
PE 95.20 92.51
From the Market
52 Week Low / High (₹) 105.30 / 233.50
All Time Low / High (₹) 105.30 / 279.70
Market Cap (₹ Cr.) 177
Equity (₹ Cr.) 10.3
Face Value (₹) 10
Industry PE 81.3

Management X-Ray of B-Right Real Estate:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of B-Right Real Estate

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Sales01014
Operating Expenses 00012
Manufacturing Costs00000
Material Costs00000
Employee Cost 00000
Other Costs 00001
Operating Profit 01012
Operating Profit Margin (%) -91.4%17.3%63.9%49.5%
Other Income 20112
Interest 00001
Depreciation 00011
Exceptional Items 00000
Profit Before Tax 21112
Tax 10000
Profit After Tax 11112
PAT Margin (%) -82.5%155.4%82.4%52.9%
Adjusted EPS (₹)2.71.70.81.61.8
Dividend Payout Ratio (%)0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 34359091137
Share Capital 111110
Reserves 34358990127
Minority Interest00000
Debt10977
Long Term Debt10577
Short Term Debt00400
Trade Payables00000
Others Liabilities 10019
Total Liabilities 36359998153

Fixed Assets

Gross Block1515131313
Accumulated Depreciation01111
Net Fixed Assets1414121212
CWIP 00000
Investments 06827372
Inventories00003
Trade Receivables00000
Cash Equivalents 01010
Others Assets211541366
Total Assets 36359998153

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 114-48
PBT 21112
Adjustment -100-1-1
Changes in Working Capital -0-04-57
Tax Paid -10000
Cash Flow From Investing Activity -50-643-54
Capex 00-1220
Net Investments 0-6-6270
Others -4610-7-54
Cash Flow From Financing Activity 0-159245
Net Proceeds from Shares 0054051
Net Proceeds from Borrowing 0-1510
Interest Paid 00001
Dividend Paid 00000
Others 0000-7
Net Cash Flow -4101-1
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)42.450.931.281.63
ROCE (%)5.663.381.021.612.23
Asset Turnover Ratio00.030.010.010.03
PAT to CFO Conversion(x)114-44
Working Capital Days
Receivable Days00000
Inventory Days0000328
Payable Days00000

B-Right Real Estate Ltd Stock News

B-Right Real Estate Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of B-Right Real Estate on 09-Apr-2024 16:01 is ₹171.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Apr-2024 16:01 the market cap of B-Right Real Estate stood at ₹176.7.
The latest P/E ratio of B-Right Real Estate as of 09-Apr-2024 16:01 is 95.20.
The latest P/B ratio of B-Right Real Estate as of 09-Apr-2024 16:01 is 1.29.
The 52-week high of B-Right Real Estate is ₹233.5 and the 52-week low is ₹105.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of B-Right Real Estate is ₹3.51 ( Cr.) .

About B-Right Real Estate Ltd

The company was originally incorporated on October 22, 2007 as a private limited company as “Marshal Vinimay Private Limited” under the provisions of the Companies Act, 1956 with the Registrar of Companies, West Bengal. Subsequently, pursuant to a special resolution of its Shareholders passed in the annual general meeting held on September 25, 2019 the Company was converted from a private limited company to public limited company and consequently, the name of the Company was changed to ‘Marshal Vinimay Limited’ and a fresh certificate of incorporation consequent to conversion was issued on January 02, 2020 by the Registrar of Companies, Mumbai. Subsequently, the Company’s name was changed to B-Right RealEstate Limited by passing of resolution on August 28, 2020 and a fresh certificate of incorporation consequent to name change was issued on September 25, 2020 by the Registrar of Companies, Mumbai.

B-Right Realestate is an integrated construction and real estate development company, focused primarily on construction and development of residential and commercial projects, in and around Mumbai. It has established a successful track record in the real estate industry in Mumbai, by developing versatile projects through its focus on innovative architecture, strong project execution and quality construction. The company has opted a business model whereby it Invests in its subsidiary LLP named B-Right RealEstate Ventures LLP and this LLP makes investment in various SPV (Special Purpose Vehicle) which is been incorporated for a Particular project. Each Real estate project has its own SPV and such SPV is closed upon completion of the project. This helps the company to keep a track of all the materials, human resource and all other miscellaneous expenses that occur from a particular project. Till today such a business model has been proven to be successful but it does not assure that the same would continue in future. The company also operates on Development Management contracts where by the company extends financials assistance for a particular RealEstate projects.

The company’s customer-centric business model focuses on designing and developing its “branded products” to address consumer needs across locations and price points. It has in-house capabilities to deliver a project from conceptualization to completion with fast turnaround time from acquisition to launch to completion, which focuses on de-risking and improving its return on investment. Its core competence lies in professionally managing the real estate value chain and attracting and retaining talent to maximize value creation. It streamlines its supply chain and construction processes with an aim to develop high quality products consistently and in a timely and cost-efficient manner. Its design team uses customer insights to conceptualize and design products that are best suited for the respective locations and target a variety of customer groups. Its construction management and procurement teams focus on realizing efficiencies in procurement, vendor selection and construction. 

Business area of the company

B-Right Realestate is an integrated construction and real estate development company that primarily focuses on the construction of residential and commercial projects.

Key events:

  • 2007: Incorporation of the company in the name and style of “Marshal Vinimay Private Limited”.
  • 2015: Shifting of Registered Office from the State of West Bengal to the State of Maharashtra.
  • 2020: Conversion of the Company from Private Limited Company to Public Limited Company and Change of name of Company to B-Right RealEstate Limited.
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