RBM Infracon Ltd
Incorporated in 2013, RBM Infracon Limited is primarily engaged in the engineering, execution, testing, commissioning, operating & maintenance of mechanical and rotary equipment for oil & gas refineries, cement, fertilizers, Petrochemicals, Coal/Gas based power plants, etc.[1]
- Market Cap ₹ 512 Cr.
- Current Price ₹ 507
- High / Low ₹ 930 / 250
- Stock P/E 11.0
- Book Value ₹ 167
- Dividend Yield 0.00 %
- ROCE 32.8 %
- ROE 24.8 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 201% CAGR over last 5 years
- Promoter holding has increased by 1.97% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 35 | 39 | 48 | 83 | 130 | 322 | |
| 34 | 39 | 44 | 78 | 111 | 279 | |
| Operating Profit | 1 | -0 | 3 | 5 | 19 | 43 |
| OPM % | 2% | -1% | 7% | 6% | 15% | 13% |
| 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 1 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | -0 | -1 | 2 | 3 | 16 | 40 |
| Tax % | 100% | -2% | 17% | 29% | 31% | 26% |
| -0 | -1 | 2 | 2 | 11 | 29 | |
| EPS in Rs | -2.31 | -23.92 | 36.51 | 2.62 | 10.98 | 29.17 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 56% |
| 3 Years: | 89% |
| TTM: | 148% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 201% |
| 3 Years: | 144% |
| TTM: | 166% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 23% |
| Last Year: | 25% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.52 | 0.56 | 0.56 | 8 | 10 | 10 | 11 |
| Reserves | 5 | 4 | 6 | 9 | 87 | 131 | 158 |
| 7 | 8 | 8 | 8 | 4 | 11 | 36 | |
| 9 | 11 | 10 | 16 | 114 | 146 | 218 | |
| Total Liabilities | 21 | 23 | 25 | 41 | 215 | 299 | 423 |
| 2 | 2 | 3 | 4 | 5 | 24 | 42 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| 19 | 21 | 22 | 37 | 209 | 274 | 381 | |
| Total Assets | 21 | 23 | 25 | 41 | 215 | 299 | 423 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 1 | -0 | 1 | -4 | -52 | -3 | |
| -2 | -1 | -1 | -3 | -2 | -20 | |
| 1 | 1 | -0 | 7 | 61 | 22 | |
| Net Cash Flow | -0 | 0 | -0 | 0 | 8 | -2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 160 | 148 | 118 | 82 | 56 | 76 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 160 | 148 | 118 | 82 | 56 | 76 |
| Working Capital Days | 37 | 19 | 33 | 65 | 238 | 127 |
| ROCE % | -6% | 21% | 20% | 28% | 33% |
Documents
Announcements
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Outcome of Board Meeting
14 November 2025 - Approved unaudited H1 results: revenue Rs28,399.41L, PAT Rs2,691.4L; 5,30,000 warrants converted at Rs386.
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Outcome of Board Meeting
14 November 2025 - Unaudited H1 Sep 30, 2025: revenue ₹28,399.41 lakh; PAT ₹2,691.4 lakh; 5,30,000 warrants converted at ₹386.
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Related Party Transactions
14 November 2025 - Disclosure of related-party transactions for quarter ended Sep 30, 2025; loans, repayments, director remuneration, investments reported.
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Press Release
10 November 2025 - RBM under ONGC PEC-III: 19 workovers increased flowing wells from 33 to 51; 15-year contract (LOI Sep 2024).
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Press Release
10 November 2025 - Proposes 3-meter re-perforation in Well NJ-83 (1610.5–1613.5m) on Nov 10, 2025 to enhance oil production and reservoir performance.
Annual reports
Concalls
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May 2025TranscriptNotesPPT REC
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Feb 2025Transcript PPT
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Nov 2024TranscriptNotesPPT
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Sep 2024Transcript PPT REC
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Jan 2024TranscriptNotesPPT
Business Segments
A) Engineering, Procurement, and Construction [1][2]
Its EPC services include structural, tankage, and piping fabrication and erection using CS, SS, and alloy steel. It also provides ARC maintenance and turnaround services for refineries, petrochemicals, and fertilizers, alongside blasting, painting, insulation, refractory services, electrical, instrumentation, and NDT services. Specialized services such as scaffolding, wagon tipplers, and conveying systems.