Company Overview

BigBloc Construction Limited is one of the largest manufacturers of AAC (Aerated Autoclave Concrete) blocks in India with a total capacity of 1,300,000 m³ per annum. The company markets its AAC blocks under the brand name NXTBLOC, which is positioned as a green product for the construction industry. BigBloc operates four manufacturing units located at Vapi and Ahmedabad in Gujarat, and Palghar in Maharashtra.

Management Team

Mr. Narayan Sitaram Saboo - Chairman & Executive Director with 37 years of experience in management and operations, including over a decade in AAC block business. Holds a Bachelor of Laws (LLB) degree.

Mr. Mohit Narayan Saboo - Director & CFO with 10 years of experience in Corporate Taxation, Finance and Accounts. Chartered Accountant by qualification, associated with the company since 2012.

Mr. Manish Saboo - Promoter with over 10 years of experience as Commercial Manager. Holds Masters in finance from Nottingham London, manages financial and marketing operations.

Independent Directors:

  • Mr. Sachit Gandhi - Chartered Accountant with over 7 years of finance experience
  • Ms. Samiksha Nandwani - Non Executive Independent Director with 9 years of merchandising and marketing experience
  • Mr. Saurabh Gupta - Postgraduate in Business Management with marketing specialization

Manufacturing Facilities and Products

The company manufactures AAC Blocks, AAC Fly Ash Blocks, Sand Based Blocks, and AAC Wall Panels across its four facilities. Carbon credit generation capacity ranges from 50,000-65,000 units per annum across different facilities, with some registrations still under process.

Market Presence and Clients

BigBloc serves dealers, builders, contractors, individuals, and industrial corporates. The company has a wide network of distributors and direct relationships with marquee clients, including more than 50% of the top 7 developers in Mumbai. Key clients include ACC, Ambuja, CIDCO, and large projects like Lodha Palava. The company conducts credit profiling of customers before supplies.

Product Portfolio

NXTBLOC AAC Blocks: Superior quality building material offering strength, lightweight structure, thermal insulation, sound absorption, and fire resistance. Products are 3x lighter than conventional bricks, leading to 20% reduction in steel consumption and enabling construction up to 4x faster.

NXTFIX Mortar: Semi-premix high-quality mortar for jointing and bonding of AAC blocks, consisting of cement, graded sand and specialized polymers.

NXTPLAST Ready Mix Plaster: Ready mix cement plaster with polymer additives for both external and internal plastering.

AAC Wall Panels: Composite material consisting of cement, lime and silica sand with two-way welded steel mesh reinforcement, used for external and internal non-load bearing walls, roofs, and floors.

Joint Venture with SCG International

In 2021, BigBloc entered into a strategic Joint Venture with Siam Cement Group (SCG) of Thailand, with SCG holding 48% and BigBloc holding 52%. SCG is one of the largest cement and building material companies in Thailand and Southeast Asia. The JV commenced operations in FY24 with a project value of ₹891 million and installed capacity of 250,000 CBM.

Financial Performance (INR Millions)

Income Statement:

  • Revenue from Operations: FY23: ₹2,001, FY24: ₹2,432, FY25: ₹2,246, FY26: ₹2,834
  • EBITDA: FY23: ₹501, FY24: ₹561, FY25: ₹292, FY26: ₹176
  • EBITDA Margins: FY23: 25.04%, FY24: 23.07%, FY25: 13.00%, FY26: 6.21%
  • PAT: FY23: ₹301, FY24: ₹307, FY25: ₹32, FY26: (₹85)
  • PAT Margins: FY23: 15.04%, FY24: 12.62%, FY25: 1.42%, FY26: (3.00)%
  • Diluted EPS (INR): FY23: 2.14, FY24: 2.18, FY25: 0.68, FY26: (0.12)

Balance Sheet (FY26):

  • Equity Share Capital: ₹283
  • Other Equity: ₹1,092
  • Non-Controlling Interest: ₹88
  • Shareholders Fund: ₹1,463
  • Long-term Borrowings: ₹1,144
  • Short-term Borrowings: ₹872
  • Total Assets: ₹3,885

Market Data (as on 31st March 2026):

  • Face Value: ₹2.0
  • CMP: ₹38.2
  • 52 Week H/L: ₹80.6 / ₹38.0
  • Market Cap: ₹5,409.6 million
  • Shares Outstanding: 141.6 million
  • Avg Trading Volume: 217,400
  • Avg Net Turnover: ₹14.0 million

ESG Commitments

  • AAC blocks generate only 2.13 kg of CO2 per square foot compared to clay bricks (17.6 kg) and concrete walls (14 kg)
  • Potential to generate 150,000-200,000 units of carbon credits annually
  • Uses fly ash, a by-product of thermal power plants
  • Total energy consumption for FY2025: 50,763 joules
  • Installed solar power capacity: 2,375 kW across company and subsidiaries
  • CSR expenditure for FY2025: ₹25 million
  • 100% employee training coverage on health and safety
  • Board includes 3 independent directors and 1 female director (57% independent representation)

Industry Overview

Global AAC Industry:

  • Valued at $19 billion in 2021, projected to reach $34.4 billion by 2031 at 6.2% CAGR

Indian Construction Industry:

  • Projected to reach $1.2 trillion by end of 2025
  • Expected to grow at 12.1% CAGR
  • Government increased capital expenditure by 11.1% to ₹11.1 trillion in FY2024-25
  • Real estate sector expected to reach $5.8 trillion by 2047

Indian AAC Industry:

  • Grew from ₹50 crore market in 2008 to approximately ₹4,000 crore by 2023
  • Expected to expand to ₹10,000 crore by 2028 at 20% CAGR
  • More than 150 AAC block plants in India with total installed capacity of ~12 million cubic meters per annum