4,800 per cent multibagger Returns: This Small-cap Company To Expand Its Solar Power Capacity to 700 KW with Additional 250 KW Rooftop Installation

The stock has given more than 4,794.66 per cent multibagger returns in the last five years.

BIGBLOC Construction Ltd, has recently placed an order for further installation of a rooftop solar plant of 250 Kilo Watts (KW) further to its already installed rooftop solar power project of 450 KW at its Umargaon (Vapi) unit. This will amount to a total installed capacity of more than 700 KW at the Umargaon unit upon completion of the project.

The company is strengthening its commitment to environmental sustainability by implementing solar power plants across all its manufacturing facilities. The company has already initiated a 625 KW rooftop solar project at its Wada Plant in Palghar, Maharashtra. With an additional 250 KW installation, the company's total installed solar capacity will reach 1.3 MW. These initiatives highlight company’s dedication to minimizing its carbon footprint and advancing renewable energy solutions.

Mr Narayan Saboo, Chairman, BigBloc Constructions said, "We are thrilled to announce this significant milestone in our journey towards a more sustainable future. The solar power generated by these installations will not only offset a significant portion of BigBloc's energy consumption but will also result in substantial operational cost savings. This financial benefit will enable the company to reinvest in its sustainability initiatives and further strengthen its position as a leader in the green construction sector. We aspire to implement rooftop solar power systems across all our plants, furthering our commitment to environmental stewardship. By investing in solar power, we are not only reducing our environmental impact but also demonstrating our commitment to building a better world for generations to come."

Earlier, Board of Directors, considered and approved the allotment of fully paid-up bonus equity shares of the face value of Rs 2 for 7,07,87,875 Equity Shares to the shareholders of the Company in the proportion of 1:1 i.e., 1 bonus share for every 1 equity share of the face value of Rs 2 to the shareholder's Shares of the Company as on the Record Date(September 12, 2024).

According to Quarterly Results, the net sales decreased by 6.01 per cent to Rs 51.57 crore in Q1FY25 compared to Rs 54.87 crore in Q1FY24. The company reported a net profit of Rs 3.03 crore in Q1FY25 compared to a net profit of Rs 5.90 crore in Q1FY24, a decrease of 48.64 per cent.

Bigbloc Construction Limited was incorporated in 2015. The company is primarily engaged in manufacture, sale and marketing of AAC (Aerated Autoclaved Concrete) Blocks. These AAC Blocks of the company are marketed in the Brand name of NXTBLOC. The company has its headquarters in Surat.

This Small-Cap stock is trading at Rs 128. The company has a market cap of Rs 1,813 crore. The stock has returned more than 51 per cent in a year and 4,794.66 per cent multibagger returns over the last five years. The company has been maintaining a dividend payout of 0.31 per cent.

Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.