An order book is a critical tool for businesses that rely on sales and revenue generation. It provides a snapshot of future sales commitments and plays a pivotal role in shaping a company’s financial health. Companies with strong order books gain several advantages, including improved revenue visibility and increased investor confidence.
These order books reflect future sales commitments and overall financial health, providing a competitive edge and facilitating further growth. As a result, companies can strengthen their market position and build a strong reputation.
Listed below are such companies whose order book is more than its market capitalization:
RBM Infracon Ltd
With a market capitalization of Rs. 753 crores, the shares of the engineering company started Tuesday’s trading session on a higher note at Rs. 745.35, locking a 5 percent upper circuit compared to its previous close of Rs. 709.90 apiece.
Looking at the company’s financial performance, the revenue decreased by 32 percent from Rs. 57.29 crores during the March quarter to Rs. 38.85 crores in the June quarter. On the other hand, the net profits declined by around 19 percent from Rs. 4.08 crores to Rs. 3.29 crores during the same period.
As per the latest data, the company’s order book exceeds Rs. 1,384 crores, representing 1.8 times its market capitalization. The company projects that this order book will exceed Rs. 1,800 crores by FY25 and anticipates it will surpass Rs. 2,500 crores by FY26.
Incorporated in 2013, RBM Infracon Limited is primarily engaged in the engineering, execution, testing, commissioning, operating and maintenance of mechanical and rotary equipment for oil & gas refineries, cement, fertilizers, Petrochemicals, Coal/Gas based power plants, etc.
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Vishnu Prakash R Punglia Ltd
With a market capitalization of Rs. 2,982 crores, the shares of the infrastructure development company started Tuesday’s trading session on a flatter note at Rs. 238.25 compared to Rs. 236.75. During the trading session, the shares hit a high of Rs. 239.40, gaining around 1 percent and are currently trading at Rs. 239.10 apiece.
Coming onto the company’s financial statements, the revenue declined by 61 percent from Rs. 657 crores in Q4FY24 to Rs. 257 crores in Q1FY24. On the other hand, declined by around 78 percent from Rs. 67 crores to Rs. 15 crores during the same period.
As of 30th June 2024, the company had an order book of Rs. 4,914 crores, equivalent to 1.6 times its market capitalization and further, plans to focus on scaling up its operations and enhancing its project portfolio.
The company received 78 percent of its orders from the Water Supply Projects segment, 16 percent from the Railway segment and the remaining 6 percent of orders were received from Road & Civil segment.
Headquartered in Jodhpur, Vishnu Prakash R Punglia was incorporated in 2013. The company is engaged in the business of designing and constructing infrastructure projects for the Central and State Governments, autonomous bodies, and private bodies.
ITD Cementation India Ltd
With a market capitalization of Rs. 9,709 crores, the shares of the infrastructure company started Tuesday’s trading on a higher note at Rs. 573 compared to its previous close of Rs. 568.35. During the trading session, the shares hit a low of Rs. 564.85, losing around 1 percent and are currently trading at Rs. 565 apiece.
As of June 2024, the company had an order book amounting to Rs. 18,536 crores, equivalent to 1.9 times its market capitalization.
Of which 34 percent of the order book is for Maritime Structures, 21 percent for Urban Infrastructure, MRTS, and Airports, and 15 percent for Highway Bridges and Flyovers.
The remaining 30 percent is distributed across Industrial Structures and Buildings, Hydro, Dams, Tunnels, Irrigation, Water and Waste Waterworks, and Foundation and Specialist Engineering.
Additionally, the company’s bid pipeline includes opportunities valued between Rs. 25,000 and 30,000 crores, focusing on high-value projects.
ITD Cementation India Limited is engaged in the business of providing design, engineering, procurement and construction (EPC) services for infrastructure projects in India.
Written By Vaibhav Patil
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