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 ₹ 339 Cr.
- Current Price ₹ 336
- High / Low ₹ 525 / 250
- Stock P/E 7.29
- 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 35 | 39 | 48 | 83 | 130 | 322 | 502 | |
| 34 | 39 | 44 | 78 | 111 | 279 | 436 | |
| Operating Profit | 1 | -0 | 3 | 5 | 19 | 43 | 67 |
| OPM % | 2% | -1% | 7% | 6% | 15% | 13% | 13% |
| 0 | 0 | 0 | 0 | 0 | 1 | 1 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 1 | 2 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 2 | 3 |
| Profit before tax | -0 | -1 | 2 | 3 | 16 | 40 | 63 |
| Tax % | 100% | -2% | 17% | 29% | 31% | 26% | |
| -0 | -1 | 2 | 2 | 11 | 29 | 46 | |
| EPS in Rs | -2.31 | -23.92 | 36.51 | 2.62 | 10.98 | 29.17 | 46.02 |
| 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: | 64% |
| 1 Year: | -31% |
| 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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Bagging/Receiving of orders/contracts
30 January 2026 - Received Rs.1,56,34,920 service order from ReNew Wind Energy (Jamb) Pvt. Ltd for land leveling; one-month execution.
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Bagging/Receiving of orders/contracts
30 January 2026 - Received Rs.1,56,34,920 service order from Renew Solar Services Pvt Ltd for land levelling (300 MW), one-month execution.
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Bagging/Receiving of orders/contracts
30 January 2026 - Service order from Yara Fertilisers: replace BC-1 conveyor, Rs.6,19,72,095.50, 21-day execution during shutdown.
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Bagging/Receiving of orders/contracts
17 January 2026 - Received Rs.3,59,90,000 service order from Yara Fertilisers India Pvt. Ltd dated 14 Jan 2026 for fabrication works.
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Bagging/Receiving of orders/contracts
17 January 2026 - Received Rs 1,18,00,000 order from Yara (Jan 14, 2026); 21-day execution.
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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May 2025TranscriptAI SummaryPPT REC
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Feb 2025Transcript PPT
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Nov 2024TranscriptAI SummaryPPT
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Sep 2024Transcript PPT REC
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Jan 2024TranscriptAI SummaryPPT
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.