1:1 Bonus Share Announced by Gujarat-Based Cement Block Manufacturer; Scrip Trades at High ROE & High ROCE – Check Record Date Inside!
The stock gave multibagger returns of 1,100 per cent in 3 years and a whopping 4,925 per cent in 5 years.
The Board of Directors of Bigbloc Construction Limited proposed a bonus issue of equity shares in a 1:1 ratio. This means that for every existing fully paid-up equity share of Rs 2 held by shareholders, they would receive one new fully paid-up equity share of Rs. 2. This bonus issue is contingent upon shareholder approval. To determine the equity shareholders eligible for bonus shares, the Board of Directors has set Thursday, September 12, 2024, as the Record date.
Bigbloc Construction Limited, established in 2015, specializes in manufacturing, selling, and marketing AAC (Aerated Autoclaved Concrete) Blocks under the brand name NXTBLOC. Headquartered in Surat, the company produces building blocks and AAC bricks, renowned for their lightweight, thermal insulation, sound absorption, fire resistance, and building capability. AAC's natural and non-toxic composition contributes to energy savings and eco-friendliness. Its lightweight nature reduces dead weight in buildings, leading to a decrease in steel and cement structural costs. Moreover, the larger size of AAC blocks compared to clay bricks results in fewer joints and significant savings in mortar.
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With a market capitalisation of Rs 1,745.63 crore, the company has exhibited robust profit growth of 88.7 per cent CAGR over the past five years. The company anticipates revenue growth of approximately 20 per cent to 25 per cent in FY25, followed by an additional 10 per cent to 15 per cent increase in FY26. Concurrently, the company aims to achieve EBITDA margins within the range of 20 per cent to 25 per cent for both FY25 and FY26. The shares of the company have an ROE of 34 per cent and an ROCE of 24 per cent.
On Monday, shares of Bigbloc Construction Limited gained 3.07 per cent to Rs 246.60 per share from its previous closing of Rs 239.25 per share with an intraday high of Rs 255 and an intraday low of Rs 240.15. The stock’s 52-week high is Rs 293.40 and a 52-week low of Rs 145.05. The stock gave multibagger returns of 1,100 per cent in 3 years and a whopping 4,925 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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