BigBloc Construction, a leading manufacturer of AAC blocks, has seen its shares surge by an impressive 1391% from ₹16.60 in April 2021 to ₹247.55 currently.
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Ace investor Shankar Sharma recently acquired a 0.51% stake in the company, equivalent to 3.65 lakh shares, at an average price of ₹235 per share.
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The company has consistently delivered substantial returns over the last five years, with shares rising by 3790%.
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In FY24, BigBloc reported a consolidated net profit of ₹30.69 crore, with revenue from operations reaching ₹243.22 crore.
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Q4 FY24 results showed a significant YoY growth, with a consolidated net profit of ₹8.65 crore and revenue of ₹67.95 crore, marking increases of 55.65% and 46% respectively.
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BigBloc's subsidiary, BigBloc Building Elements, received a subsidy eligibility certificate of ₹27.14 crore from the Maharashtra government for completing Phase I of the AAC blocks project.
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The company's joint venture, SIAM Cement BigBloc Construction Technologies Pvt Ltd, commenced production at its Greenfield project in Gujarat, with an installed capacity of 2.5 lakh cubic meters per annum.
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The joint venture will manufacture AAC blocks and ALC panels under the brand name ‘ZMARTBUILD WALL by Nxtbloc’, with BigBloc holding 52% and SCG holding 48%.
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BigBloc specializes in AAC bricks known for their strength, lightweight nature, thermal insulation, sound absorption, and fire resistance, offering environmentally friendly and energy-efficient solutions.
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With strategic manufacturing facilities in Gujarat and Maharashtra, BigBloc is a key player in the AAC industry, capable of generating carbon credits, and remains the sole listed company in this space.