Multibagger stock engaged in providing engineering, procurement, and construction (EPC) services, operation & maintenance, and many more jumped 2 percent in the day’s trade upon receiving a work order worth Rs. 5.93 Crores for various works at Indian Oil Corporation Limited (IOCL) refinery.
Price Action
With a market capitalization of Rs. 576 Crores, the shares of RBM Infracon Limited were trading at Rs. 571 per equity share, up 2 percent from its previous day’s close price of Rs. 560.50. It has delivered a multibagger return of 695 percent in a year.
What Happened
RBM Infracon Limited has received a new work order for consideration of Rs.5.93 Crores from Thyssenkrupp Industrial Solutions India Private Limited for providing Mechanical & Piping Erection works for the CDW unit at Indian Oil Corporation Limited (IOCL) Gujarat Refinery.
About the Company
RBM Infracon Limited is engaged in providing engineering, procurement, and construction (EPC) services, operation & maintenance, and many more for oil& gas refineries, petrochemicals, cement, fertilizers, and other sectors.
RBM Infracon Limited has a strong customer base with well-known players like Reliance Industries, Nayara Energy Limited, Essar Project Limited, Essar Oil Limited, and many more.
Financials and Ratios
Its Revenue from operations grew by 56 percent from Rs. 83 Crores in FY23 to Rs. 130 Crores in FY24, accompanied by profits of Rs. 2 Crores to Rs. 11 Crores.
In terms of Return ratios, has reported a return on equity (ROE) of 19.4 percent, and a return on capital employed (ROCE) of 28.6 percent. It has reported a debt-to-equity ratio of 0.02.
Written by: Bharath K.S
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