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 two work orders worth ~Rs. 2.95 Crores.
Price Action
With a market capitalization of Rs. 461 Crores, the shares of RBM Infracon Limited were trading at Rs. 457 per equity share, up 2 percent from its previous day’s close price of Rs. 453. It has delivered a multibagger return of 740 percent in a year.
What Happened
RBM Infracon Limited has received a new work order from Larsen & Toubro Limited for Area grading & leveling including Cleaning, Clearing of vegetation, Disposal, Earth Order filling, Excavation, and Transportation services for a consideration of ~Rs. 1.48 Crores.
It has received a second work order from Kalpataru Projects International Limited for providing cleaning, grubbing, infra work, and embarkment fill with suitable soil for a consideration of Rs. ~1.47 Crores
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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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