Multibagger stock engaged in providing engineering, procurement, and construction (EPC) services to well-known players like Reliance Industries and others hit 5 percent upper circuit after it received a work order worth Rs. 81.75 Crores.
In the day’s trade, the shares of RBM Infracon Limited hit a 5 percent upper circuit at Rs. 465.35, and its market capitalization is Rs. 393 Crores. It has delivered multi-bagger returns of 786 percent in a year.
RBM Infracon Limited has received a letter of intent worth Rs. 81.75 Crores from BN Agritech Limited for providing engineering, procurement, and construction(EPC) services and it should be executed within 1 year.
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.
It has a strong customer base with well-known players like Reliance Industries, Nayara Energy Limited, Essar Project Limited, Essar Oil Limited, and many more.
The company’s revenue from operations grew by 74.99 percent from Rs. 47.54 Crores in FY22 to Rs. 83.19 Crores in FY23, accompanied by increasing profits of Rs. 2.03 Crores to Rs. 2.21 Crores.
It has reported a return on equity (ROE) of 18.49 percent and a return on capital employed (ROCE) of 19.88 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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