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 operates four manufacturing units located at Vapi and Ahmedabad (Gujarat), and Palghar and Wada (Maharashtra). AAC blocks are marketed under the brand name NXTBLOC, which is positioned as a green product for the construction industry, offering strength, light weight, thermal insulation, sound proofing, and fire resistance.

Product Portfolio

The company manufactures and markets several construction products:

  • NXTBLOC AAC blocks: 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, requiring only water addition before application
  • NXTPLAST Ready Mix Plaster: Ready mix cement plaster with polymer additives for both external and internal plastering
  • AAC wall panels: Co-branded product under Joint Venture with Siam Cement Group International, used for external and internal non-load bearing walls

Manufacturing Facilities

| Location | Products | Capacity (CBM/PA) | Carbon Credit (Units/PA) |

| Kapadvanj | AAC Blocks | 300,000 | 60,000 to 65,000 |

| Umargoan | AAC Fly Ash Blocks & Sand Based Blocks | 250,000 | 50,000 (registration under process) |

| Ramosadi | AAC Blocks | 500,000 | 50,000 to 60,000 (Potential) |

| Wada | AAC Blocks & AAC Wall Panels | 250,000 | 50,000 to 60,000 (Potential) |

Q1 FY27 Financial Performance

Quarterly Comparison (INR Million)

| Particulars | Q1-FY27 | Q4-FY26 | Q-o-Q Change | Q1-FY26 | Y-o-Y Change |

| Revenue from Operations | 791 | 869 | (9.0)% | 564 | 40.2% |

| Operating Expenses | 728 | 805 | (9.6)% | 551 | 32.1% |

| EBITDA | 63 | 64 | (1.6)% | 13 | 384.6% |

| EBITDA Margins (%) | 7.96% | 7.36% | +60 Bps | 2.30% | +566 Bps |

| Depreciation | 44 | 41 | 7.3% | 41 | 7.3% |

| Finance Cost | 39 | 32 | 21.9% | 43 | (9.3)% |

| Other Income | 13 | 6 | NA | 12 | 8.3% |

| PBT | (7) | (3) | NA | (59) | (88.1)% |

| Taxes | - | 5 | NA | (10) | NA |

| PAT | (7) | (8) | (12.5)% | (50) | (86.0)% |

| PAT Margins (%) | (0.88)% | (0.92)% | +4 Bps | (8.87)% | +799 Bps |

| Diluted EPS (INR) | 0.01 | 0.06 | (83.3)% | (0.23) | NA |

Annual Trend (INR Million)

| Particulars | FY24 | FY25 | FY26 | Q1-FY27 |

| Revenue from Operations | 2,432 | 2,246 | 2,834 | 791 |

| Operating Expenses | 1,871 | 1,954 | 2,658 | 728 |

| EBITDA | 561 | 292 | 176 | 63 |

| EBITDA Margins (%) | 23.07% | 13.00% | 6.21% | 7.96% |

| Depreciation | 103 | 145 | 167 | 44 |

| Finance Cost | 88 | 146 | 151 | 39 |

| Other Income | 41 | 45 | 53 | 13 |

| PBT | 411 | 46 | (89) | (7) |

| Taxes | 104 | 14 | (4) | - |

| PAT | 307 | 32 | (85) | (7) |

| PAT Margins (%) | 12.62% | 1.42% | (3.00)% | (0.88)% |

| Diluted EPS (INR) | 2.18 | 0.13 | (0.12) | 0.01 |

Operational Highlights

  • Sales volumes grew 32% YoY to 221,545 CBM in Q1 FY27
  • Capacity utilization improved to approximately 69% in Q1 FY27 despite industry-wide labor shortages
  • The company is nearing operational break-even as capacity expansion undertaken over the past two years is translating into higher utilization
  • Industry demand remains robust, supported by favorable market conditions and increasing adoption of green building materials
  • Focus remains on improving plant efficiencies, enhancing utilization, and driving profitable growth from the expanded manufacturing footprint

Share Data (As on 30th June, 2026)

  • Face Value: ₹2.0
  • CMP: ₹49.5
  • 52 Week H/L: ₹80.0 / ₹38.0
  • Market Cap: ₹7,005.2 million
  • Number of Shares Outstanding: 141.6 million
  • Average Trading Volume: 202,100
  • Average Net Turnover: ₹12.4 million