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BIGBLOC Construction Ltd

BIGBLOC
NSE
48.50
0.48%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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BIGBLOC Construction Ltd

BIGBLOC
NSE
48.50
0.48%
29 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
687Cr
Close
Close Price
48.50
Industry
Industry
Cement
PE
Price To Earnings
PS
Price To Sales
2.63
Revenue
Revenue
261Cr
Rev Gr TTM
Revenue Growth TTM
14.51%
PAT Gr TTM
PAT Growth TTM
-165.54%
Peer Comparison
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BIGBLOC
VS

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
475559616852525765566773
Growth YoY
Revenue Growth YoY%
-12.2-1.221.524.146.0-6.0-12.3-7.6-4.99.330.328.1
Expenses
ExpensesCr
364244455542445159556565
Operating Profit
Operating ProfitCr
111315161310866128
OPM
OPM%
22.823.025.226.218.518.714.810.88.92.32.811.1
Other Income
Other IncomeCr
100041112121
Interest Expense
Interest ExpenseCr
122223454444
Depreciation
DepreciationCr
223333344444
PBT
PBTCr
8810111142-10-6-41
Tax
TaxCr
3233312-20-1-11
PAT
PATCr
668993000-5-30
Growth YoY
PAT Growth YoY%
-25.7-30.0-11.212.255.6-48.6-97.5-96.6-103.6-263.7-1,757.955.2
NPM
NPM%
11.910.812.814.012.75.90.40.5-0.5-8.8-4.70.6
EPS
EPS
0.40.40.50.60.60.30.10.10.1-0.2-0.10.1

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
100119103175200243225261
Growth
Revenue Growth%
18.7-13.370.214.221.6-7.616.2
Expenses
ExpensesCr
9310891148150187195244
Operating Profit
Operating ProfitCr
710122750562917
OPM
OPM%
6.98.711.815.525.023.113.06.5
Other Income
Other IncomeCr
00011446
Interest Expense
Interest ExpenseCr
4444491515
Depreciation
DepreciationCr
45566101517
PBT
PBTCr
-1131841415-9
Tax
TaxCr
0-10210101-1
PAT
PATCr
-1221630313-8
Growth
PAT Growth%
275.70.4551.487.41.8-89.6-348.8
NPM
NPM%
-1.42.12.49.215.112.61.4-3.0
EPS
EPS
-0.10.20.21.12.12.20.7-0.1

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
1414141414142828
Reserves
ReservesCr
111618336188105103
Current Liabilities
Current LiabilitiesCr
534642345479103108
Non Current Liabilities
Non Current LiabilitiesCr
2231403368106126128
Total Liabilities
Total LiabilitiesCr
102106114114199294378377
Current Assets
Current AssetsCr
373842436898124120
Non Current Assets
Non Current AssetsCr
65697271131196254258
Total Assets
Total AssetsCr
102106114114199294378377

Cash Flow

Consolidated
Standalone
Financial YearMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
46424321913
Investing Cash Flow
Investing Cash FlowCr
2-8-10-5-73-66-81
Financing Cash Flow
Financing Cash FlowCr
-826-19414768
Net Cash Flow
Net Cash FlowCr
-1000001
Free Cash Flow
Free Cash FlowCr
0-3-419-31-55-56
CFO To PAT
CFO To PAT%
-294.9229.2152.4151.5107.062.3404.2
CFO To EBITDA
CFO To EBITDA%
59.854.531.189.864.534.044.4

Ratios

Consolidated
Standalone
Financial YearMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
49521566459031,420883
Price To Earnings
Price To Earnings
0.021.363.440.129.846.091.7
Price To Sales
Price To Sales
0.50.41.53.74.55.83.9
Price To Book
Price To Book
1.91.84.913.712.013.96.6
EV To EBITDA
EV To EBITDA
13.410.117.925.319.827.836.7
Profitability Ratios
Profitability Ratios
GPM
GPM%
58.758.458.858.064.663.559.7
OPM
OPM%
6.98.711.815.525.023.113.0
NPM
NPM%
-1.42.12.49.215.112.61.4
ROCE
ROCE%
4.97.27.724.327.520.46.0
ROE
ROE%
-5.68.27.734.240.030.12.4
ROA
ROA%
-1.42.32.214.115.110.40.8
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.