Multibagger in just 41 days: This micro-cap company bags a new order worth Rs 22,19,70,015 from Nayara Energy Ltd!

Looking at the chart given inside the stock has logged 110 per cent returns in last 41 days

RBM Infracon Ltd has received a service order from Nayara Energy Ltd, located in Jamnagar. The order, valued at Rs. 22,19,70,015, pertains to the supply of ARC for Crude Tank (2 Nos.) M&I jobs at the COT area for approximately 1.75 years. The order was dated February 20, 2024, with a validity period extending from May 16, 2024, to February 28, 2026. The contract was awarded domestically, and these details are disclosed as per regulatory requirements.

Earlier, In Q2FY24, the company received a Letter of Intent (LOI) from Epitome Industries India Limited for Rs 957 core to be completed in two phases. Phase 1 by March 31, 2025 and phase 2 by November 01, 2025.

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.

The company has a market cap of Rs 501 crore with an ROE of 18.5 per cent and an ROCE of 19.9 per cent. In Q3FY24, the net sales increased by 10 per cent to Rs 33.37 crore and the net profit increased by 1,216 per cent to Rs 4.87 crore compared to Q3FY22. The net sales increased by 1,216 per cent to Rs 4.87 crore and net profit increased by 16 per cent to Rs 2.21 crore in FY23 compared to FY22.

The stock gave multibagger returns of 928 per cent in a year and a whopping 1,144 per cent in 13 months. Investors should keep an eye on this micro-cap stock. Looking at the chart given below the stock has logged 110 per cent returns in last 41 days.

Disclaimer: The article is for informational purposes only and not investment advice