BIGBLOC - BIGBLOC Const.

📊 NSE: BIGBLOC 🏢 Cement Products 📅 Last Updated: 12/13/2025 19:29

💰 Financial Performance

Revenue Growth by Segment

Revenue from operations in FY25 was INR 224.6 Cr, down 7.4% from INR 243.2 Cr in FY24. H1 FY26 consolidated revenue grew 19.8% YoY to INR 123.7 Cr. Q2 FY26 revenue was INR 67.3 Cr, up 30.3% YoY and 19.5% sequentially.

Geographic Revenue Split

Not disclosed in available documents, but the company operates across 9 cities in 4 states including Gujarat, Maharashtra, and Madhya Pradesh.

Profitability Margins

FY25 PAT margin was 1.4% (INR 3.2 Cr), a significant decline from 5.2% (INR 12.6 Cr) in FY24. Q2 FY26 EBITDA margin improved sequentially to 2.8% from 2.3% in Q1 FY26.

EBITDA Margin

FY25 EBITDA margin was 13.0% (INR 29.2 Cr), down from 23.1% (INR 56.1 Cr) in FY24. The decline was driven by capacity shutdowns and subdued market conditions leading to lower utilization.

Capital Expenditure

The company commissioned the Phase 2 expansion at the Wada facility, increasing cumulative production capability to 13 lakh cubic meters per annum. A new plant in Madhya Pradesh is also planned to reduce logistics costs.

Credit Rating & Borrowing

CRISIL BB+/Stable (Issuer Not Cooperating) as of late 2022; ratings were subsequently withdrawn at the company's request in 2023. Finance costs increased in FY25 due to expansion projects, rebasing the cost structure.

⚙️ Operational Drivers

Raw Materials

Fly ash, cement, lime, and gypsum (standard for AAC blocks), though specific percentage breakdowns are not disclosed.

Capacity Expansion

Current cumulative production capacity is 13,00,000 CBM per annum following the Wada Phase 2 expansion. A new plant in Madhya Pradesh is planned to start soon to penetrate newer territories.

Raw Material Costs

Not disclosed as a specific percentage of revenue, but the company noted sequential margin improvement in Q2 FY26 was partly driven by stable input costs.

Manufacturing Efficiency

Capacity utilization improved to 62% in Q2 FY26 from 53% in Q1 FY26. FY25 utilization was 59% due to capacity shutdowns and subdued market conditions.

Logistics & Distribution

Outward transportation costs range from 12% to 20% of turnover, varying by region. The new MP plant is expected to reduce these costs for that territory.

📈 Strategic Growth

Expected Growth Rate

21.50%

Growth Strategy

Growth will be achieved through the utilization of new capacities (Wada Phase 2), the launch of India's first AAC Wall Plant at Kheda (JV), and the upcoming Madhya Pradesh plant to reduce logistics costs and enter new markets.

Products & Services

AAC Blocks and AAC Wall Panels.

Brand Portfolio

NXTBLOC.

New Products/Services

India's first AAC Wall Plant at Kheda, Gujarat, launched through a joint venture. AAC wall panel utilization reached 43% in Q2 FY26.

Market Expansion

Planned penetration into Madhya Pradesh and surrounding territories via a new manufacturing facility.

Market Share & Ranking

One of the largest AAC Block manufacturers in India.

Strategic Alliances

Joint venture for the AAC Wall Plant at Kheda, Gujarat; partnerships with over 100 top realtors and EPC players.

🌍 External Factors

Industry Trends

The industry is shifting toward green building materials; AAC blocks are gaining structural demand due to their sustainable properties and superior performance.