Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹687Cr
Rev Gr TTM
Revenue Growth TTM
14.51%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

BIGBLOC
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -12.2 | -1.2 | 21.5 | 24.1 | 46.0 | -6.0 | -12.3 | -7.6 | -4.9 | 9.3 | 30.3 | 28.1 |
| 36 | 42 | 44 | 45 | 55 | 42 | 44 | 51 | 59 | 55 | 65 | 65 |
Operating Profit Operating ProfitCr |
| 22.8 | 23.0 | 25.2 | 26.2 | 18.5 | 18.7 | 14.8 | 10.8 | 8.9 | 2.3 | 2.8 | 11.1 |
Other Income Other IncomeCr | 1 | 0 | 0 | 0 | 4 | 1 | 1 | 1 | 2 | 1 | 2 | 1 |
Interest Expense Interest ExpenseCr | 1 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 4 | 4 | 4 | 4 |
Depreciation DepreciationCr | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 |
| 8 | 8 | 10 | 11 | 11 | 4 | 2 | -1 | 0 | -6 | -4 | 1 |
| 3 | 2 | 3 | 3 | 3 | 1 | 2 | -2 | 0 | -1 | -1 | 1 |
|
Growth YoY PAT Growth YoY% | -25.7 | -30.0 | -11.2 | 12.2 | 55.6 | -48.6 | -97.5 | -96.6 | -103.6 | -263.7 | -1,757.9 | 55.2 |
| 11.9 | 10.8 | 12.8 | 14.0 | 12.7 | 5.9 | 0.4 | 0.5 | -0.5 | -8.8 | -4.7 | 0.6 |
| 0.4 | 0.4 | 0.5 | 0.6 | 0.6 | 0.3 | 0.1 | 0.1 | 0.1 | -0.2 | -0.1 | 0.1 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 18.7 | -13.3 | 70.2 | 14.2 | 21.6 | -7.6 | 16.2 |
| 93 | 108 | 91 | 148 | 150 | 187 | 195 | 244 |
Operating Profit Operating ProfitCr |
| 6.9 | 8.7 | 11.8 | 15.5 | 25.0 | 23.1 | 13.0 | 6.5 |
Other Income Other IncomeCr | 0 | 0 | 0 | 1 | 1 | 4 | 4 | 6 |
Interest Expense Interest ExpenseCr | 4 | 4 | 4 | 4 | 4 | 9 | 15 | 15 |
Depreciation DepreciationCr | 4 | 5 | 5 | 6 | 6 | 10 | 15 | 17 |
| -1 | 1 | 3 | 18 | 41 | 41 | 5 | -9 |
| 0 | -1 | 0 | 2 | 10 | 10 | 1 | -1 |
|
| | 275.7 | 0.4 | 551.4 | 87.4 | 1.8 | -89.6 | -348.8 |
| -1.4 | 2.1 | 2.4 | 9.2 | 15.1 | 12.6 | 1.4 | -3.0 |
| -0.1 | 0.2 | 0.2 | 1.1 | 2.1 | 2.2 | 0.7 | -0.1 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 14 | 14 | 14 | 14 | 14 | 14 | 28 | 28 |
| 11 | 16 | 18 | 33 | 61 | 88 | 105 | 103 |
Current Liabilities Current LiabilitiesCr | 53 | 46 | 42 | 34 | 54 | 79 | 103 | 108 |
Non Current Liabilities Non Current LiabilitiesCr | 22 | 31 | 40 | 33 | 68 | 106 | 126 | 128 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 37 | 38 | 42 | 43 | 68 | 98 | 124 | 120 |
Non Current Assets Non Current AssetsCr | 65 | 69 | 72 | 71 | 131 | 196 | 254 | 258 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 4 | 6 | 4 | 24 | 32 | 19 | 13 |
Investing Cash Flow Investing Cash FlowCr | 2 | -8 | -10 | -5 | -73 | -66 | -81 |
Financing Cash Flow Financing Cash FlowCr | -8 | 2 | 6 | -19 | 41 | 47 | 68 |
|
Free Cash Flow Free Cash FlowCr | 0 | -3 | -4 | 19 | -31 | -55 | -56 |
| -294.9 | 229.2 | 152.4 | 151.5 | 107.0 | 62.3 | 404.2 |
CFO To EBITDA CFO To EBITDA% | 59.8 | 54.5 | 31.1 | 89.8 | 64.5 | 34.0 | 44.4 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 49 | 52 | 156 | 645 | 903 | 1,420 | 883 |
Price To Earnings Price To Earnings | 0.0 | 21.3 | 63.4 | 40.1 | 29.8 | 46.0 | 91.7 |
Price To Sales Price To Sales | 0.5 | 0.4 | 1.5 | 3.7 | 4.5 | 5.8 | 3.9 |
Price To Book Price To Book | 1.9 | 1.8 | 4.9 | 13.7 | 12.0 | 13.9 | 6.6 |
| 13.4 | 10.1 | 17.9 | 25.3 | 19.8 | 27.8 | 36.7 |
Profitability Ratios Profitability Ratios |
| 58.7 | 58.4 | 58.8 | 58.0 | 64.6 | 63.5 | 59.7 |
| 6.9 | 8.7 | 11.8 | 15.5 | 25.0 | 23.1 | 13.0 |
| -1.4 | 2.1 | 2.4 | 9.2 | 15.1 | 12.6 | 1.4 |
| 4.9 | 7.2 | 7.7 | 24.3 | 27.5 | 20.4 | 6.0 |
| -5.6 | 8.2 | 7.7 | 34.2 | 40.0 | 30.1 | 2.4 |
| -1.4 | 2.3 | 2.2 | 14.1 | 15.1 | 10.4 | 0.8 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
#### **Overview**
BIGBLOC Construction Limited is one of India’s largest and the **only listed manufacturer of Autoclaved Aerated Concrete (AAC) blocks**, operating under the flagship brand **NXTBLOC**. Founded in 2015 as a demerger from Mohit Industries Limited, the company focuses exclusively on sustainable, high-performance building materials. With a total installed production capacity of **1.3 million cubic meters per annum (CBM/PA)** across four state-of-the-art plants, BIGBLOC is a market leader in AAC blocks and a first-mover in AAC wall panels.
The company is strategically expanding into **construction chemicals** and **pan-India operations**, supported by strong partnerships, automation, and a sustainability-driven business model.
---
### **Key Highlights (as of Nov 2025)**
- **Land Acquisition for Central India Expansion**
- Acquired **57,500 sq. mts. of land in Madhya Pradesh** to establish a manufacturing facility and expand operations into central India, reinforcing its pan-India footprint.
- **Operational Excellence & Automation**
- Investing in automation across existing and new plants to enhance **operational control, efficiency, and quality**.
- Maintains a **product rejection rate of less than 2%**, significantly below the industry average of 4–5%, due to advanced automated manufacturing and strict quality control.
- **Innovation & Product Diversification**
- Launched **AAC Wall Panels** – India’s first domestically produced 20-foot panels (branded as **ZMARTBUILD WALL by NXTBLOC**), previously imported.
- First-mover in **construction chemicals**, launching **NXTGRIP tile adhesive**, alongside co-branded **NXTFIX semi-premix mortar** and **NXTPLAST ready-mix plaster** in partnership with **Siam Cement Group (SCG)**.
- **Strategic Joint Venture with SCG International (Thailand)**
- 52:48 JV between BIGBLOC and SCG, launched in FY24, with a capital investment of ₹891 million.
- The joint venture plant in **Ramosadi, Kheda (Gujarat)**, has an initial capacity of **250,000 CBM/PA**, extendable to 500,000 CBM/PA.
- Leverages SCG’s global technical expertise to deliver advanced, sustainable building solutions.
- **Sustainability Leadership**
- **First Indian company to register AAC plants under the Carbon Credit Registry**, generating **60,000–65,000 carbon credits annually**, with potential to reach **200,000–225,000 cumulative credits** post-expansion.
- Committed to green energy: Over **3,475 kW of captive solar power** across plants, meeting **35–40% of total energy needs**.
- Major user of **fly ash (up to 65% of raw materials)** — a by-product of thermal power, supporting waste recycling and green construction.
- **Strong Client Base & Market Penetration**
- Serves **over 100 real estate developers**, including leading names: **Lodha, L&T, Oberoi Realty, Adani, Godrej, Tata Projects, and CIDCO**.
- Active in over **2,000 completed projects** and more than **1,500 ongoing projects**.
- **Tata Projects** selected NXTBLOC AAC panels for **Micron’s semiconductor facility in Sanand**, marking entry into high-tech infrastructure.
---
### **Manufacturing & Supply Chain**
- **Production Capacity:**
- **1.3 million CBM/PA** across 4 integrated facilities:
- **Umargaon, Gujarat**
- **Kapadvanj, Gujarat (via StarBigBloc subsidiary)**
- **Wada, Maharashtra**
- **Ramosadi, Gujarat (via SCG JV)**
- **Largest Single-Location Plant in India:**
- **Wada (Palghar) plant** expanded to **500,000 CBM/PA**, now the **largest AAC manufacturing facility in India at a single location**.
- **In-House Logistics Fleet**
- Operates **72–75 trucks**, managing **30–35% of total transportation needs** to ensure **timely delivery** and superior customer service.
- **Geographic Reach**
- Supply chain spans **9 cities** across Gujarat, Maharashtra, Madhya Pradesh, and Rajasthan.
- Expanding into **Southern India** (Bangalore/Chennai) and **Northern India** (Delhi/NCR), with land evaluation underway.
---
### **Product Portfolio**
| Product | Key Features | Branding |
|--------|--------------|--------|
| **NXTBLOC AAC Blocks** | Lightweight (3x lighter than bricks), thermal & sound insulation, fire-resistant (4-hour rating), 20% steel saving, 4x faster construction | NXTBLOC |
| **AAC Wall Panels** | Up to 20 ft height, rust-resistant steel mesh, faster installation, high dimensional accuracy, used in non-load-bearing walls, slabs, roofs | ZMARTBUILD WALL by NXTBLOC |
| **Jointing Mortar** | Reduces joint thickness from 12–18mm to 2–3mm, minimizes seepage | NXTFIX |
| **Ready-Mix Plaster** | Polymer-based, ready-to-use, improves bonding and finish | NXTPLAST |
| **Tile Adhesive** | High bond strength, durability, efficient installation | NXTGRIP (upcoming) |
> All construction chemicals are co-branded and developed in collaboration with **SCG**.
---
### **Strategic Initiatives**
1. **Pan-India Expansion**
- Land acquired in **Indore (MP)** for central India; evaluating sites near **Bangalore and Delhi**.
- Target to establish a national footprint by **FY26–FY27**.
2. **Vertical Integration in Construction Chemicals**
- Manufacturing set up at **Umargaon facility** through wholly-owned subsidiary **Bigbloc Building Elements Pvt. Ltd.**
- Aims to offer **one-stop building solutions** and diversify revenue streams.
3. **Talent & Training**
- Actively hiring skilled professionals and investing in training programs to support innovation and project execution.
4. **Retail & Distribution Expansion**
- Strengthening dealer and distributor network in rural and semi-urban markets.
- Co-branded **B2C push** leveraging Ambuja and ACC channel support.
---
### **Competitive Advantages**
- **Low Rejection Rate (<2%)** due to full automation — a key differentiator in a market where larger players (e.g., UltraTech) exited due to high breakage (8–10%).
- **Only AAC manufacturer in India producing 20-ft AAC panels**, reducing import dependence.
- **Contract manufacturing partner for major cement companies** (Acc, Ambuja), validating operational reliability.
- **Strategic proximity to thermal power plants** for cost-effective fly ash sourcing.
- **Strong B2B relationship model** — dedicated Direct Developer Relationship Team engages over 50% of Mumbai’s top 7 developers.