One of the microcap stocks engaged in providing specialized construction, maintenance, and turnaround services primarily for the oil and gas, petrochemical, and infrastructure sectors. The stock is in focus after receiving an order worth Rs. 15 crores from Reliance Industries Limited
Stock Price Movement:
With a market capitalization of Rs. 448.42 crores, the shares of RBM Infracon Limited’s stock plunged by 5 percent, reaching a lower circuit of Rs. 443.85 per share on Monday, down from its previous closing price of Rs. 467.20 per share.
What Happened:
RBM Infracon Limited has received a service order from Reliance Industries Limited (RIL) for yard and field mechanical works in the C2 OSBL area at Jamnagar, Gujarat. The order, valued at approximately Rs. 14.66 crore (including GST), was issued on January 20, 2025. The project is scheduled to be completed by August 31, 2025.
Previous orders:
On January 22, 2025, RBM Infracon Limited secured an Rs. 7.06 crore service order from Mundra Petrochem Limited for piping spool fabrication at an open yard for the Green PVC project.
Additionally, on January 30, 2025, the company received a Rs. 88 lakh work order from Kalpataru Projects International Limited for C-cleaning, grubbing, infra work, and embankment fill with suitable soil at Noida.
Business segment:
RBM Infracon offers a range of services, including engineering, procurement, and construction (EPC) for structural, tankage, and piping fabrication.
Additionally, the company’s maintenance services focus on turnaround services for refineries and petrochemicals. The company also provides specialized services such as scaffolding, insulation, electrical work, and non-destructive testing (NDT).
Recent quarter results:
RBM Infracon Limited’s revenue has increased from Rs. 20.16 crore in Q2 FY24 to Rs. 64.52 crore in Q2 FY25, which has grown by 220.04 percent. The net profit has also grown by 389.63 percent from Rs. 1.35 crore in Q2 FY24 to Rs. 6.61 crore in Q2 FY25.
Written By – Nikhil Naik
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