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 multiple work orders from Reliance Industries Limited, Kalpataru Projects International Limited, and Chambal Fertilisers and Chemicals Limited and posting Q4FY24 results.
With a market capitalization of Rs. 390 Crores, the shares of RBM Infracon Limited closed at Rs. 463 per equity share, up 4.47 percent from its previous day’s close price of Rs. 443.20. It has delivered multibagger returns of 571 percent in a year.
RBM Infracon Limited has received multiple work orders, the first order was received from Reliance Industries Limited for a consideration of Rs. 6.07 Crores for the structural fabrication job and for the GC Furnace, Decoke header Job.
The second work order was received from Kalpataru Projects International Limited for a consideration of Rs. 1.64 Crores for Surface considerations & Size of Order excavation for approach road and Cutting, Levelling, Watering, and Compaction work for our Katosan Road-Becharaji Railway Project, Gujarat, and the last work order was received from Chambal Fertilisers and Chemicals Limited for ARC for a Routine Maintenance job for one year.
Its Revenue from operations half yearly grew by 72 percent from Rs. 33.37 Crores in H1FY24 to Rs.57.28 Crores in H2FY24 and it grew by 184 percent from Rs. 20.15 Crores in H2FY23 to Rs. 57.28 Crores in H2FY24. Annually it generated a Net Profit of Rs. 83.19 Crores in FY23 to Rs. 129.72 Crores in FY24, indicating a growth of 56 percent
Its Net Profit half yearly declined by 16 percent from Rs. 4.86 Crores in H1FY24 to Rs. 4.07 Crores in H2FY24 and it grew by 204 percent from Rs. 1.34 Crores in H2FY23 to Rs. 4.07 Crores in H2FY24. Annually it generated a Net Profit of Rs. 2.21 Crores in FY23 to Rs. 11.09 Crores in FY24, indicating a growth of 402 percent
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.
It has reported a return on equity (ROE) of 19.4 percent, a return on capital employed (ROCE) of 28.6 percent, and a debt-to-equity ratio of 0.02.
Written by: Bharath K.S
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