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 ₹ 395 Cr.
- Current Price ₹ 391
- High / Low ₹ 1,049 / 250
- Stock P/E 19.1
- Book Value ₹ 116
- Dividend Yield 0.00 %
- ROCE 28.6 %
- ROE 19.7 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Debtor days have improved from 85.4 to 56.1 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -11.9%
- Working capital days have increased from 140 days to 239 days
* 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.
Peer comparison
Sector: Construction Industry: Construction
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|
| 35 | 39 | 48 | 83 | 130 | 226 | |
| 34 | 39 | 44 | 78 | 111 | 194 | |
| Operating Profit | 1 | -0 | 3 | 5 | 19 | 32 |
| OPM % | 2% | -1% | 7% | 6% | 15% | 14% |
| 0 | 0 | 0 | 0 | 0 | 1 | |
| Interest | 1 | 1 | 1 | 1 | 2 | 2 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 2 |
| Profit before tax | -0 | -1 | 2 | 3 | 16 | 29 |
| Tax % | 100% | -2% | 17% | 29% | 31% | |
| -0 | -1 | 2 | 2 | 11 | 21 | |
| EPS in Rs | -2.31 | -23.92 | 36.51 | 2.62 | 10.98 | 20.47 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 50% |
| TTM: | 56% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 118% |
| TTM: | 402% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -16% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 21% |
| Last Year: | 20% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.52 | 0.56 | 0.56 | 8 | 8 | 10 |
| Reserves | 5 | 4 | 6 | 9 | 87 | 107 |
| 7 | 8 | 8 | 8 | 4 | 11 | |
| 9 | 11 | 10 | 16 | 115 | 106 | |
| Total Liabilities | 21 | 23 | 25 | 41 | 215 | 233 |
| 2 | 2 | 3 | 4 | 5 | 9 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 1 | 1 | 1 |
| 19 | 21 | 22 | 37 | 208 | 223 | |
| Total Assets | 21 | 23 | 25 | 41 | 215 | 233 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| 1 | -0 | 1 | -4 | -50 | |
| -2 | -1 | -1 | -3 | -3 | |
| 1 | 1 | -0 | 7 | 61 | |
| Net Cash Flow | -0 | 0 | -0 | 0 | 8 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 160 | 148 | 118 | 82 | 56 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 160 | 148 | 118 | 82 | 56 |
| Working Capital Days | 100 | 93 | 93 | 89 | 239 |
| ROCE % | -6% | 21% | 20% | 29% |
Documents
Announcements
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Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
16 April 2025 - RBM INFRACON LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Resignation
16 April 2025 - Resignation of Executive Director Mr. Deepak Saxena effective April 15, 2025.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 April 2025 - Certificate under SEBI Regulation 74(5) for dematerialization compliance.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
14 April 2025 - Corporate governance provisions not applicable for FY25 as per SEBI rules.
-
General Updates
9 April 2025 - FY24‑25 standalone sales surged 135.8% to Rs306.49 cr
Annual reports
Concalls
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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.