The share of one of India’s largest AAC block manufacturers saw its share jump by 15 percent on Monday after making a key announcement for an IPO of one of its subsidiaries.
With a market capitalization of Rs 1,000 crores, the shares of BIGBLOC Construction Ltd are currently trading at Rs 70.6 per share, down by 52.5 percent from its 52-week high of Rs 148.50 per share. Over the past five years, the stock has delivered a multibagger return of 2,460 percent.
On Monday, the company, through a stock exchange filing, announced that its subsidiary, Starbigbloc Building Material Limited, has received its shareholders’ approval for the filing of raising funds through an Initial Public Offering (IPO) at their duly convened Extraordinary General Meeting held on 13th June, 2025. However, the company has to obtain the legal approvals for further processing from market regulators.
Financial Highlights
The company reported a revenue of Rs 225 crore in FY25, down by 7.41 percent from its FY24 revenue of Rs 243 crore. Coming to its profitability, the company reported a net profit decrease of 90.32 percent to Rs 3 crore in FY25 from Rs 31 crore in FY24.
The stock delivered an ROE and ROCE of 2.68 percent and 6.50 percent respectively, and is currently trading at a P/E of 311.33x as compared to its industry average of 52.71x.
BigBloc Construction Limited, which is based in Surat, India, and was established in 2010, produces and sells autoclaved aerated concrete (AAC) products. BigBloc has subsidiaries that are engaged in the manufacture and sale of several products that are used in the construction process, including AAC blocks, block jointing mortar, cement mix plaster, and lightweight concrete panels.
These products are sold under several branded product names, including NXTBLOC, NXTPLAST, NXTFIX, and ZMARTBUILD, that serve modern and sustainable construction needs throughout India.
Written by Satyajeet Mukherjee
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