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 upon receiving work orders worth Rs. 19.55 Crores.
Price Action
With a market capitalization of Rs. 846 Crores, the shares of RBM Infracon Limited were trading at Rs. 838 per equity share, up 3 percent from its previous day’s close price of Rs. 812.85.
What Happened
RBM Infracon Limited engaged in providing engineering, procurement, and construction (EPC) services, operation & maintenance, and many more has received three work orders from Tiwari Construction Co. for a consideration of ~Rs. 19.55 Crores.
The said work order involves, the fabrication and erection of hoardings, the fabrication and erection of a Canopy, and canopy health check-up, necessary rectification works at different retail outlets under the Gujarat state office.
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 & Ratios
Its revenue from operations grew by 220 percent from Rs. 20.16 Crores in Q2FY24 to Rs. 64.52 Crores in Q2FY25, accompanied by profits of Rs. 1.35 Crores to Rs. 6.61 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 17.8 percent and a return on capital employed (ROCE) of 21.7 percent. In terms of leverage, it has reported a debt-to-equity ratio of 0.34.
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.
