Promoter-Madhu Narayan Saboo Bought 89,594 Shares & 1:1 Bonus Share: Gujarat-Based Cement Block Manufacturer; Scrip Trades at High ROE & High ROCE
The stock gave multibagger returns of 975 per cent in 3 years and a whopping 4,400 per cent in 5 years.
Bigbloc Construction Limited announces that Mrs Madhu Narayan Saboo, a member of the Promoter group, purchased 89,594 Equity Shares of the Company from the open market on September 27, 2024. This disclosure is under the applicable regulations regarding insider trading.
Earlier, this month, shares of the company ex-traded 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. The record date for bonus shares was September 12, 2024.
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.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
With a market capitalisation of Rs 1,731 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 Friday, shares of Bigbloc Construction Limited gained 1.58 per cent to Rs 122.30 per share from its previous closing of Rs 120.40 per share with an intraday high of Rs 128.15 and an intraday low of Rs 118.15. The stock’s 52-week high is Rs 146.70 and a 52-week low of Rs 72.53. The stock gave multibagger returns of 975 per cent in 3 years and a whopping 4,400 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.