135 per cent returns: This microcap multibagger company secures an order worth Rs 40.57 crore!

The company has delivered stellar returns of 135 per cent from the date of its listing in January 2023.

Founded in 2013, RBM Infracon Ltd specializes in engineering, executing, testing, commissioning, operating, and maintaining mechanical and rotary equipment across diverse sectors like oil & gas refineries, cement, fertilizers, petrochemicals, and coal/gas-based power plants. The company's business model involves providing civil and mechanical services to medium to large-scale infrastructure firms.

It primarily secures contracts through one-on-one negotiations and procures a range of orders for identified projects. RBM Infracon's comprehensive services include structural work fabrication and erection, piping fabrication and erection, ARC maintenance, turnaround services, blasting and painting, insulation and refractory work, electrical and instrumentation services, and non-destructive testing.

RBM Infracon Ltd has secured an order worth Rs 40,57,00,000 from NAYARA ENERGY LIMITED for supplying ARC for maintenance and inspection of 4 crude tanks at COT. The order is to be completed by July 31, 2024. The order's nature, terms, and conditions, along with its size, are significant considerations. There is no involvement of the promoter or promoter group in the entity that awarded the contract, and the order does not fall within related party transactions.

The company has delivered stellar returns of 135 per cent from the date of its listing in January 2023. Additionally, the company has a ROCE of 26.8 per cent and a ROE of 33.8 per cent.

On Friday, shares of the company surged by 5 per cent and reached its upper circuit limit of Rs 117.35.

Investors should keep a close eye on this buzzing stock.

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