BIGBLOC
Bigbloc Construction financials
- Market cap
- ₹636 Cr
- Sector
- Construction Materials
- Calls analysed
- 7
Bigbloc Construction Limited Q1 FY27
What went well
- Revenue from operations grew 40% YoY to ₹79 crores, driven by higher sales volume.
- Sales volume increased 32% YoY to 221,545 cubic meters, reflecting healthy demand.
- EBITDA improved significantly to ₹6 crores, with EBITDA margin expanding to 8%, indicating improved operating performance.
What to watch
- Material expenses as a percentage of sales increased from 35% in FY24 to 45-46% in FY26, indicating margin compression due to pricing pressure during capacity expansion.
- Construction chemicals plant's capacity utilization was low at 20-25% in Q1 FY27, as it recently began operations.
What Bigbloc Construction Limited does
BigBloc Construction Limited manufactures AAC (Autoclaved Aerated Concrete) blocks — a lightweight, thermally insulating, fire-resistant green building material — marketed under the brand NXTBLOC, from four plants in Gujarat and Maharashtra with a combined installed capacity of about 1.3 million cubic metres per annum. It also makes AAC wall panels (marketed as ZMARTBUILD WALL by NXTBLOC, via a joint venture with Siam Cement Group) and construction chemicals — semi-premix mortar (NXTFIX) and ready-mix cement plaster (NXTPLAST) used for jointing, bonding and plastering AAC blocks. Its products are sold to real-estate developers, contractors, industrial/infrastructure customers and government bodies across multiple cities and states in India.
Segments
- AAC Blocks
- AAC Wall Panels
- Construction Chemicals
- Installed AAC block capacity
- 13,00,000 CBM/yr (1.3 million cubic metres p.a.)
- Manufacturing plants
- 4 (Umargaon-Vapi & Kapadvanj-Ahmedabad, Gujarat; Wada-Palghar, Maharashtra; Ramosadi-Kheda, Gujarat JV)
- FY26 annual sales volume
- 8,26,904 CBM
- FY26 average capacity utilization
- 65% (78% in Q4 FY26)
- AAC wall panel capacity
- 2,50,000 CBM/yr (Ramosadi plant)
- Marquee clientele
- 100+ realtors/real-estate developers
Guidance record · Q1 FY27
what the last two calls moved 23 tracked 2 delivered 5 missed 16 open- Share of power from renewable sources delivered said Q3 FY25 Promised: reach this level to almost 35% to 40% Q1 FY27: Renewable power share further increased to 52%, continuing to exceed the original target range.
- EBITDA Margin missed said Q1 FY26 Promised: 15-18% EBITDA margins in the two quarters more or less Q1 FY27: EBITDA margin improved slightly to 8% from 7.36% in Q4 FY26, but remains far below the original missed target. Management is now guiding for gradual improvement from this new, lower base.
- Installed Capacity delayed said Q3 FY25 Promised: increasing our installed capacity from 1.3 million cubic meters to 2.3 million to 2.5 million cubic meters Q1 FY27: Management now targets starting commercial production at the new MP plant in FY28, a delay from the original Q3 FY27 timeline for overall capacity increase. Construction is yet to begin.
All 23 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 40.4%, net profit up 85.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 52 | 57 | 65 | 56 | 67 +30% | 73 +28% | 87 +35% | 79 +40% |
| EBITDA | 8 | 6 | 6 | 1 | 2 −75% | 8 +32% | 6 +10% | 6 +383% |
| Net profit | 0 | 0 | -0 | -5 | -3 −1758% | 0 +52% | -1 −165% | -1 +85% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −31.3% 1Y
1Y: ₹59.4 on 10 Sept 2025 → ₹40.79. High ₹78.02 (31 Dec 2025), low ₹38.3 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +0.2%
- 10 Aug
- Q4 FY26
- −3.8%
- 29 May
- Q3 FY26
- −6.9%
- 21 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 12.3% a year over 3 years, FY23 to FY26. Operating margin narrowed to 6.2%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹200 Cr | ₹243 Cr | ₹225 Cr | ₹283 Cr |
| Operating profit | ₹50 Cr | ₹56 Cr | ₹29 Cr | ₹18 Cr |
| Operating margin | 25.0% | 23.1% | 13.0% | 6.2% |
| Interest | ₹4 Cr | ₹9 Cr | ₹15 Cr | ₹15 Cr |
| Depreciation | ₹6 Cr | ₹10 Cr | ₹14 Cr | ₹17 Cr |
| Net profit | ₹30 Cr | ₹31 Cr | ₹3 Cr | ₹-8 Cr |
| Net margin | 15.1% | 12.6% | 1.4% | -3.0% |
| Cash from operations | ₹32 Cr | ₹19 Cr | ₹13 Cr | ₹19 Cr |
| Free cash flow | ₹-31 Cr | ₹-55 Cr | ₹-56 Cr | ₹-4 Cr |
| ROCE | 36.0% | 24.0% | 7.0% | 2.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹14 Cr | ₹28 Cr | ₹28 Cr |
| Reserves | ₹18 Cr | ₹33 Cr | ₹61 Cr | ₹90 Cr | ₹103 Cr | ₹109 Cr |
| Borrowings | ₹61 Cr | ₹43 Cr | ₹87 Cr | ₹143 Cr | ₹198 Cr | ₹202 Cr |
| Other liabilities | ₹21 Cr | ₹24 Cr | ₹36 Cr | ₹47 Cr | ₹49 Cr | ₹49 Cr |
| Total liabilities | ₹114 Cr | ₹114 Cr | ₹199 Cr | ₹294 Cr | ₹377 Cr | ₹389 Cr |
| Fixed assets | ₹71 Cr | ₹70 Cr | ₹86 Cr | ₹172 Cr | ₹233 Cr | ₹241 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹41 Cr | ₹18 Cr | ₹16 Cr | ₹10 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Other assets | ₹43 Cr | ₹43 Cr | ₹72 Cr | ₹102 Cr | ₹127 Cr | ₹138 Cr |
| Total assets | ₹114 Cr | ₹114 Cr | ₹199 Cr | ₹294 Cr | ₹377 Cr | ₹389 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +0.14 pp while the public trimmed −0.14 pp. The shareholder count shrank 15% to 42,369.
- Promoters
- 72.8%
- FIIs
- 0.2%
- Public
- 27.0%
Since Jun 2025
- Promoters +0.14 pp
- Public −0.14 pp
- FIIs −0.01 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 72.3%, Public 27.7%.Dec '23: Promoters 72.3%, Public 27.7%.Mar '24: Promoters 72.4%, FIIs 0.1%, DIIs 0.1%, Public 27.4%.Jun '24: Promoters 72.4%, FIIs 0.2%, DIIs 0.1%, Public 27.3%.Sep '24: Promoters 72.5%, FIIs 0.2%, DIIs 0.1%, Public 27.2%.Dec '24: Promoters 72.6%, FIIs 0.2%, DIIs 0.1%, Public 27.1%.Mar '25: Promoters 72.7%, FIIs 0.3%, Public 27.0%.Jun '25: Promoters 72.7%, FIIs 0.2%, Public 27.1%.Sep '25: Promoters 72.8%, FIIs 0.2%, Public 27.0%.Dec '25: Promoters 72.8%, FIIs 0.2%, Public 26.9%.Mar '26: Promoters 72.8%, FIIs 0.2%, Public 27.0%.Jun '26: Promoters 72.8%, FIIs 0.2%, Public 27.0%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Bigbloc Construction Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Mohit Yarns Limited | 14.41% | unchanged |
| Mohit Overseas Limited | 11.29% | unchanged |
| Mask Investments Limited | 10.61% | unchanged |
| Narayan Sitaram Saboo | 8.26% | unchanged |
| Madhu Narayankumar Saboo | 5.86% | unchanged |
| Naresh Sitaram Saboo . | 5.43% | unchanged |
| Mohit Exim Private Limited | 4.24% | unchanged |
| Narayan Sitaram Saboo (Huf) | 3.63% | unchanged |
| Nxt Fab Private Limited | 3.52% | unchanged |
| Nxt Polyester Private Limited | 3.21% | unchanged |
| Mohit Narayan Saboo | 2.12% | unchanged |
| Manish Narayan Saboo . | 1.78% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (6)
Read the Q1 FY27 call →Learn to analyse Bigbloc Construction Limited
Guides on how to read this kind of business and the numbers that matter.