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Stock Analysis

Description

BIGBLOC Construction Limited is a prominent Indian manufacturer of Aerated Autoclaved Concrete (AAC) blocks and panels, specializing in sustainable building materials.

Key Growth Triggers

The company anticipates recovery and growth in FY26 driven by expanded capacities and new high-margin product verticals.
Expected 15-18% growth in the AAC market.
Focus on scaling AAC wall panel operations and product portfolio expansion.
Promoter group members have continued to acquire shares, signaling confidence.

Order Book

Currently no data available for Order Book.

Key Red Flags

Significant consolidated net loss reported in recent quarters.
Substantial compression in EBITDA margins.
Net Debt to Equity ratio of 1.4x.

Key Dates To Watch

January 21, 2026: Earnings Conference Call to discuss Q3 FY26 results and business outlook.

Corporate Announcements

13th Apr 26

Impact Rating: 6

Effective FY 2026-27, Bigbloc Construction Limited will be engaging Valorem Advisors as its new Investor Relations Advisor, replacing Churchgate Advisory Private Limited.

6th Apr 26

Impact Rating: 4

BIGBLOC Construction Ltd. submitted a regulatory certificate to stock exchanges confirming the processing of dematerialised securities for the quarter ended March 31, 2026, as per SEBI rules.

26th Mar 26

Impact Rating: 6

BigBloc Construction will observe a trading window closure for its designated persons and their relatives starting April 1st, 2026. This is in preparation for the declaration of audited financial results for the quarter and fiscal year ending March 31st, 2026.

5th Mar 26

Impact Rating: 3

Big Bloc Construction Limited will host a virtual investor and analyst meet on March 11, 2026, titled 'Bharat Connect Conference' and hosted by Arihant Capital. The company confirmed that discussions will pertain to ordinary business operations only, and no unpublished price sensitive information will be disclosed.

29th Jan 26

Impact Rating: 6

Bigbloc Construction announced strong Q3 FY26 results with revenue at ₹72.8 Cr (28.1% YoY growth) and EBITDA at ₹8.1 Cr (31.8% YoY growth), achieving an 11.1% margin. Capacity utilization increased to 67%, with plans for further expansion and commercialization of construction chemicals.

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	UltraTech Cem.	12184.00	48.96	359145.99	0.64	1237.98	75.23	19606.93	20.33	10.89	81724.53	18.35	7334.75	1231.58	4.98	5.19	0.35
2.	Grasim Inds	2837.10	44.61	193050.61	0.35	1498.04	68.24	39899.58	16.59	7.50	159663.26	20.07	4327.58	553.48	1.94	1.69	2.06
3.	Ambuja Cements	562.00	24.18	138928.80	0.36	2302.28	233.64	9174.49	21.48	10.50	38772.67	18.83	5746.21	1935.75	2.47	7.02	0.02
4.	Shree Cement	27320.00	57.33	98550.88	0.40	309.82	303.60	4761.07	17.44	6.71	20146.65	23.33	1718.89	308.51	4.39	3.97	0.10
5.	J K Cements	5975.00	44.66	46218.02	0.25	159.25	275.56	3019.20	17.93	13.99	12883.19	18.56	1034.93	160.53	7.12	5.11	1.00
6.	Dalmia BharatLtd	2121.20	35.76	39800.60	0.42	239.00	413.04	3417.00	10.69	5.58	14325.00	20.13	1112.86	236.00	2.25	2.48	0.40
7.	ACC	1755.40	10.20	32964.18	0.43	1119.26	401.44	5931.67	27.99	17.44	24060.83	14.84	3230.72	1119.23	1.65	9.46	0.02
8.	BIGBLOC Const.	72.13	–	1022.95	0.00	-1.62	43.36	20.06	37.59	-1.34	75.33	-4.55	-7.29	-1.62	20.94	-4.64	1.63
–	Median: 35 Co.	203.0	30.66	2843.07	0.19	19.74	116.51	601.53	16.59	5.58	2494.44	11.92	56.39	20.11	2.29	1.69	0.6

Quarterly Results

Standalone figures in ₹ crores

	Dec 2022	Dec 2023	Dec 2024	Jun 2023	Jun 2024	Jun 2025	Mar 2023	Mar 2024	Mar 2025	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales	28.65	25.07	15.90	29.34	16.12	18.77	27.92	23.62	20.60	25.83	28.84	14.58	20.06
Expenses	21.65	18.93	16.44	23.57	14.64	19.15	21.99	21.26	22.98	18.62	22.60	16.58	20.19
Operating Profit	7.00	6.14	-0.54	5.77	1.48	-0.38	5.93	2.36	-2.38	7.21	6.24	-2.00	-0.13
Other Income	0.15	0.49	2.60	0.43	0.38	1.62	0.76	1.91	1.49	0.36	0.76	1.37	1.32
Profit before tax	5.62	4.26	-1.80	4.12	-0.48	-2.22	4.86	1.67	-4.61	6.05	4.77	-2.63	-2.22
Tax %	28.11%	24.65%	-93.89%	25.24%	20.83%	-18.92%	25.10%	44.31%	-18.44%	19.67%	20.34%	8.37%	-27.03%
Net Profit	4.03	3.21	-0.11	3.09	-0.58	-1.80	3.64	0.94	-3.76	4.86	3.80	-2.86	-1.62
EPS in Rs	0.28	0.23	-0.01	0.22	-0.04	-0.13	0.26	0.07	-0.27	0.34	0.27	-0.20	-0.11

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	60.14	62.80	71.42	95.04	80.79	55.46	103.47	113.82	106.86	67.14	75.33
Expenses	53.71	52.26	59.46	87.36	74.50	50.42	88.32	87.07	86.33	70.12	78.76
Operating Profit	6.43	10.54	11.96	7.68	6.29	5.04	15.15	26.75	20.53	-2.98	-3.43
Other Income	0.10	0.05	0.25	1.20	0.95	2.14	1.11	0.82	3.58	5.40	7.03
Interest	3.55	3.39	3.26	3.62	2.89	2.90	2.59	2.45	4.54	7.38	9.02
Depreciation	2.28	2.44	2.97	3.29	3.58	3.69	3.96	3.79	4.75	4.56	5.43
Profit before tax	0.70	4.76	5.98	1.97	0.77	0.59	9.71	21.33	14.82	-9.52	-10.85
Net Profit	0.47	2.93	4.00	1.49	0.71	0.38	7.71	16.04	11.03	-7.30	-7.29
EPS in Rs	–	0.21	0.28	0.11	0.05	0.03	0.54	1.13	0.78	-0.52	-0.52
Dividend Payout %	0.30%	12.08%	8.85%	0.00%	49.86%	93.16%	27.55%	17.66%	25.68%	0.00%	–

Balance Sheet

Standalone figures in ₹ crores

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	0.07	14.16	14.16	14.16	14.16	14.16	14.16	14.16	14.16	28.32	28.32
Reserves	20.83	9.25	12.82	16.13	16.84	16.87	23.51	37.66	46.33	23.86	20.44
Borrowings	27.75	28.79	36.25	37.52	39.13	42.64	19.72	38.85	61.88	79.70	79.36
Other Liabilities	11.84	14.46	14.73	18.38	15.29	15.44	18.51	25.57	21.26	20.18	22.79
Total Liabilities	60.49	66.66	77.96	86.19	85.42	89.11	75.90	116.24	143.63	152.06	150.91
Fixed Assets	36.00	38.11	38.86	40.27	42.34	42.65	40.05	45.18	53.43	62.64	60.52
Gross Block	42.83	47.38	51.09	55.79	61.44	65.33	66.69	74.80	87.26	97.03	–
Accumulated Depreciation	6.82	9.27	12.23	15.52	19.10	22.68	26.64	29.61	33.82	34.39	–
CWIP	0.17	0.43	2.28	0.00	0.00	0.00	0.00	0.00	1.01	0.75	0.77
Investments	0.00	0.00	0.00	0.25	0.25	0.25	2.33	19.09	20.88	25.98	25.98
Other Assets	24.32	28.12	36.82	45.67	42.83	46.21	33.52	51.97	68.31	62.69	63.64
Total Assets	60.49	66.66	77.96	86.19	85.42	89.11	75.90	116.24	143.63	152.06	150.91

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	2.10	4.82	5.46	3.65	3.48	0.58	16.37	12.92	8.94	4.45
Cash from Investing Activity	-0.81	-4.79	-11.72	-6.42	-5.23	-3.80	7.84	-27.93	-28.46	-24.82
Cash from Financing Activity	-0.95	0.16	6.18	2.41	1.55	3.15	-24.27	15.07	19.46	20.30
Net Cash Flow	0.34	0.19	-0.08	-0.35	-0.20	-0.07	-0.06	0.06	-0.06	-0.07

Ratios

Standalone Figures in ₹ Crores / Yearly

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	105.97	116.18	106.25	78.46	88.23	113.26	53.23	71.80	90.65	126.56
Inventory Days	87.87	114.99	119.21	54.37	56.59	108.24	37.72	74.46	81.63	58.07
Days Payable	131.70	196.78	131.34	107.50	111.87	164.13	73.03	82.20	67.58	62.97
Cash Conversion Cycle	62.13	34.39	94.12	25.33	32.95	57.38	17.92	64.06	104.71	121.66
Working Capital Days	-2.55	1.51	4.40	-39.52	-14.77	3.55	20.85	6.45	-2.66	-48.28
ROCE %	–	16.16%	16.01%	8.53%	5.31%	4.90%	18.77%	32.73%	18.17%	-1.34%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	72.27%	72.27%	72.27%	72.27%	72.27%	72.42%	72.42%	72.48%	72.63%	72.67%	72.67%	72.81%
FIIs	0.00%	0.05%	0.00%	0.00%	0.00%	0.12%	0.23%	0.24%	0.24%	0.31%	0.22%	0.21%
DIIs	0.00%	0.00%	0.02%	0.00%	0.00%	0.08%	0.08%	0.08%	0.08%	0.00%	0.00%	0.00%
Public	27.73%	27.68%	27.71%	27.72%	27.73%	27.39%	27.27%	27.20%	27.06%	27.02%	27.11%	26.97%