India’s largest AAC Blocks manufacturer launches its Greenfield project with anticipation of 60,000 carbon credits and Rs 100 crore revenue!
The stock gave impressive returns of 80 per cent in just 1 year, and multibagger returns of 1,000 per cent in 3 years.
SIAM Cement BigBloc Construction Technologies Pvt Ltd has launched its Greenfield project in Kheda district, Gujarat, in collaboration with BigBloc Construction Ltd and SCG International India Pvt Ltd. The venture aims to manufacture AAC Blocks and ALC panels under the brand 'ZMARTBUILD WALL by Nxtbloc'. With an estimated investment of Rs 65 crore, the project anticipates producing 50,000-60,000 units of carbon credits annually and generating revenues of around Rs 100 crore per annum. The joint venture plans to expand the Kheda Kapadvanj project to 5 lakhs CBM per annum in its second phase.
BigBloc Construction Ltd, established in 2015, holds a 52 per cent stake in the joint venture, with SCG owning the remaining 48 per cent. This marks SCG Group’s inaugural investment in India. SCG, founded in 1913, is a prominent cement and building material company in Southeast Asia. Additionally, Bigbloc Building Elements Pvt Ltd, a subsidiary of BigBloc Construction Ltd, is expanding its AAC blocks plant in Wada, Palghar, Maharashtra. After completion, the company's total capacities will rise to 13.75 lakhs cubic meters per annum, solidifying its position in the market and generating approximately 2.75 lakh carbon credits annually.
Bigbloc Construction's Quarterly Results for December 2023 show impressive growth. Their sales jumped by 24.24 per cent, hitting Rs 61.5 crore, suggesting high demand or smart pricing strategies. The Profit Before Interest, Depreciation, and Taxes (PBIDT) also rose by 21.8 per cent to Rs 16.2 crore, indicating good operational efficiency. Despite challenges, the Profit After Tax (PAT) increased by 11.69 per cent to Rs 8.6 crore. Looking ahead, the company aims for a 20-25 per cent sales growth in FY24, reinforcing its market position.
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Today, shares of BigBloc Construction Ltd gained 4.92 per cent to Rs 230.45 per share from its previous closing of Rs 219.65 with an intraday high of Rs 237.10 and an intraday low of Rs 222.30. The stock’s 52-week high is Rs 265.10 and its 52-week low is Rs 122.90.
The stock gave impressive returns of 80 per cent in just 1 year, and multibagger returns of 1,000 per cent in 3 years.
Investors should keep eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.