Infra stock engaged in providing engineering, procurement, and construction (EPC) services, operation & maintenance, and many more jumped upto 2 percent in the day’s trade upon receiving work orders worth ~Rs. 23 Crores.
Price action
With a market capitalization of Rs. 798 Crores, the shares of RBM Infracon Limited were trading at Rs. 790 per equity share, up 1.15 percent from its previous day’s close price of Rs. 781. It has delivered a multibagger return of 231 percent in a year.
What Happened
RBM Infracon Limited has secured a new work order from ThyssenKrupp Uhde India Private Limited for providing structural steel erection, mechanical, piping and painting works for a consideration of Rs. 22.77 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 order of Rs. 1,384+ Crores and it expects to achieve an order book of Rs. 2,500 Crores by FY26, it has a strong customer base with well-known players like Reliance Industries, Nayara Energy Limited, Kalpataru Projects International Limited, Praj Industries 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, it has reported a return on equity (ROE) of 19.7 percent, and a return on capital employed (ROCE) of 28.7 percent. It has reported a debt-to-equity ratio of 0.04.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
