Multibagger stock engaged in providing engineering, procurement, and construction (EPC) services, operation & maintenance, and many more hit a 5 percent upper circuit in the day’s trade upon receiving a new work order from Kalpataru Projects International Limited.
Price Action
With a market capitalization of Rs. 778 Crores, the shares of RBM Infracon Limited hit a 5 percent upper circuit at Rs. 774.75 per equity share, from its previous day’s close price of Rs. 737.90.
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What Happened
RBM Infracon Limited has received a new work order from Kalpataru Projects International Limited to provide cleaning grubbing infra work and embarkment fill services with suitable soil for a consideration of Rs. 1.90 Crores.
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.
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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, it 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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