Multibagger Construction Company Secures Rs 22,77,39,765 Order from ThyssenKrupp Uhde India – Company Reduced Debt by 50 Per cent

The company’s shares have delivered an impressive return of over 200 per cent in the past 1 year only.

RBM Infracon a Small-Cap infra company continues to strengthen its foothold in the infrastructure sector with a significant work order from Thyssenkrupp Uhde India. The company has received a service order today, October 25, 2024, from Thyssenkrupp Uhde India for structural erection, mechanical, piping, and painting works at the Panipat Refinery. This order has a total value of Rs 22,77,39,765.18, inclusive of GST.

Today, the company’s shares closed the day at around Rs 776 per share and the current market capitalization stands at Rs 783.99 crore. Additionally, the shares have delivered an impressive multibagger return of around 200 per cent in the past 1 year only.

As per the Quarterly Results, in the Q1 FY25, RBM Infracon recorded a revenue of Rs 38.85 crore compared to Rs 19.52 crore representing a gain of around 99 per cent YoY. It reported an operating profit of Rs 4.78 crore with an operating profit margin of around 12.30 per cent which was earlier a profit of Rs1.33 crore and a margin of around 6.81 per cent in the same quarter last year. The net profit stood at Rs 3.29 crore compared to Rs 0.94 crore.

Incorporated in 2013, RBM Infracon is a small-cap company that specializes in engineering, execution, testing, commissioning, and maintenance of mechanical and rotary equipment for industries including oil and gas refineries, cement, fertilizers, petrochemicals, and coal/gas-based power plants.

The company provides civil and mechanical services to medium- to large-sized infrastructure firms, focusing on identifying suitable projects and typically securing contracts through one-on-one negotiations to procure various orders.

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