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 ₹ 375 Cr.
- Current Price ₹ 371
- High / Low ₹ 1,049 / 306
- Stock P/E 18.1
- 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: | -45% |
| 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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Outcome of Board Meeting
20 February 2025 - Rbm Infracon Limited has informed regarding Board meeting held on February 20, 2025.
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Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
20 February 2025 - RBM INFRACON LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
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Alteration Of Capital and Fund Raising-XBRL
20 February 2025 - Rbm Infracon Limited has informed regarding Issuance of securities
-
Integrated Filing- Financial
20 February 2025 - Clarification with respect to Integrated Filing (Financials) for the quarter and nine months ended 31st December, 2024
-
Outcome of Board Meeting
19 February 2025 - Rbm Infracon Limited has informed regarding Board meeting held on February 19, 2025.
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.