The shares of a microcap Infrastructure inventory which is primarily engaged within the engineering, execution, testing, commissioning, working & upkeep of mechanical and rotary gear for oil & gasoline refineries, cement, fertilizers, Petrochemicals, Coal/Gasoline based mostly energy vegetation, and so forth with order e book 16x its Market Cap are in focus.
Value Motion
The shares of RBM Infracon Ltd, with a complete market capitalization of Rs 307.54 Crore as of Friday, closed at Rs 304.4 per share, hitting a 5 p.c higher circuit in right this moment’s buying and selling session. The shares of RBM Infracon Ltd generated a powerful return of 480 p.c because it was listed in January 2023. The inventory is at present buying and selling at a reduction of 71 p.c from its 52-week excessive of Rs 1049 per share.
Enterprise Verticals
The corporate is principally into three predominant segments, that are EPC, Oil & Gasoline Exploration, and Inexperienced Power. By means of its EPC vertical, it gives development, O&M, and turnaround providers for refineries, petrochemicals, fertilizers, cement, and different industries.
The corporate entered the clear power sector in Q3FY25 by establishing RBM Inexperienced Power Non-public Restricted, a completely owned subsidiary, to drive its development within the inexperienced power section with a predominant deal with inexperienced hydrogen and photo voltaic power.
Sturdy Consumer Base
The corporate is trusted by distinguished business leaders, together with Reliance Industries Ltd, Adani Group, Kalpataru Tasks Worldwide Ltd, Dalmia Bharat Ltd, ONGC Ltd, and others.
Order Ebook
As of Q3FY25, the corporate’s order e book stood at Rs 4727.78 Crores, reflecting a sturdy 242 p.c development within the first 9 months of FY25. The corporate noticed stability within the order e book as a consequence of profitable undertaking completions with new orders offsetting accomplished initiatives.
It obtained a significant order from ONGC for 15 years, valued at Rs 3,498 crore, together with Rs 3,371 crore for crude and Rs 127 crore for gasoline at Nandej Oil & Gasoline Subject in September 2024. The corporate took over the contract on January 17, 2025, which is effectively forward of the timeline set by ONGC. The order e book of RBM Infracon Ltd is round 16x its market capitalization of Rs 298.80 Crore.
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Income Steerage
Administration is focusing on a Income of Rs 300-325 Crore by the top of FY25, with margins anticipated to stay round 9 to 10 p.c. For FY26, administration anticipates a income goal of Rs 650- 700 Crore.
Key ratios
The corporate boasts a decrease Internet D/E ratio of 0.03, and their P/E ratio is 14.1, which is lower than the business common of 23.25. It has an ROE of 16.09 p.c with an ROCE of 21.95 p.c. The corporate has a powerful 1-year CAGR for Income at 56 p.c and Internet Income at 402 p.c.
Financials
The corporate reported a rise of 95 p.c YoY in Income from Operations from Rs 33.37 Crore in Q3FY24 to Rs 65.14 Crore in Q3FY25. Their Internet Income additionally rose by 37.6 p.c YoY from Rs 4.87 Crore to Rs 6.7 over the identical interval.
About RBM Infracon Ltd
RBM Infracon Restricted has experience in EPC (Engineering, Procurement, and Development) Contracts inside Mechanical & Civil Engineering Development Providers and in Oil & Gasoline manufacturing. The corporate delivers complete options tailor-made to a various vary of industries, together with refineries, jetties, petrochemicals, fertilizers, cement, energy vegetation, Met-Coke manufacturing, and past.
Written By Adhvaitha Nayani
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