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 ₹ 112 Cr.
- Current Price ₹ 133
- High / Low ₹ 136 / 45.0
- Stock P/E 50.7
- Book Value ₹ 20.4
- Dividend Yield 0.00 %
- ROCE 26.8 %
- ROE 33.8 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 111 to 67.6 days.
- Company's working capital requirements have reduced from 78.8 days to 52.3 days
Cons
- Stock is trading at 6.50 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 35.09 | 38.71 | 47.54 | 83.19 | |
| 34.22 | 39.13 | 44.13 | 78.50 | |
| Operating Profit | 0.87 | -0.42 | 3.41 | 4.69 |
| OPM % | 2.48% | -1.08% | 7.17% | 5.64% |
| 0.08 | 0.17 | 0.09 | 0.09 | |
| Interest | 0.57 | 0.59 | 0.54 | 0.93 |
| Depreciation | 0.44 | 0.52 | 0.51 | 0.75 |
| Profit before tax | -0.06 | -1.36 | 2.45 | 3.10 |
| Tax % | -100.00% | 2.21% | 22.04% | 28.71% |
| -0.12 | -1.33 | 1.91 | 2.21 | |
| EPS in Rs | -2.31 | -23.92 | 34.35 | 2.62 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 33% |
| TTM: | 75% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 173% |
| TTM: | 16% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| Last Year: | 34% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 0.52 | 0.56 | 0.56 | 8.44 | |
| Reserves | 4.88 | 4.07 | 5.98 | 8.80 |
| 6.67 | 8.13 | 8.51 | 8.11 | |
| 9.09 | 10.58 | 9.98 | 16.00 | |
| Total Liabilities | 21.16 | 23.34 | 25.03 | 41.35 |
| 2.13 | 2.20 | 2.71 | 4.04 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.65 |
| 19.03 | 21.14 | 22.32 | 36.66 | |
| Total Assets | 21.16 | 23.34 | 25.03 | 41.35 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 0.84 | -0.36 | 0.83 | -3.98 | |
| -2.12 | -0.58 | -1.02 | -2.71 | |
| 1.10 | 1.36 | -0.16 | 7.02 | |
| Net Cash Flow | -0.17 | 0.41 | -0.35 | 0.32 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Debtor Days | 160.29 | 147.66 | 118.31 | |
| Inventory Days | ||||
| Days Payable | ||||
| Cash Conversion Cycle | 160.29 | 147.66 | 118.31 | |
| Working Capital Days | 100.17 | 92.59 | 91.60 | |
| ROCE % | -6.20% | 21.50% |
Business Model[1] Co. is engaged in providing in Civil and Mechanical services to medium to large size of infrastructure companies. They work on identifying projects and usually secures contract through one - on - one negotitations and procures various orders.