Rs 5,000+ crore order book: Civil engineering company bags 3 orders worth Rs 19,55,38,841.07 in just 1 day from Tiwari Construction Company
The stock gave multibagger returns of 254 per cent from its 52-week low of Rs 241.30 per share.
On Thursday, one of the Top Gainers on NSE, shares of RBM Infracon Ltd hit a 5 per cent upper circuit to Rs 853.45 per share from its previous closing of Rs 812.85. The stock’s 52-week high is Rs 1,049 and its 52-week low is Rs 241.30.
RBM Infracon Limited has announced the acquisition of three substantial orders from Tiwari Construction Company, totalling a remarkable Rs 19,55,38,841.07. This significant achievement was secured within a single day, underscoring the company's strong market position and its ability to deliver high-quality infrastructure solutions.
Breakdown of the Orders
The three orders encompass a diverse range of projects:
- Canopy Health Check and Rectification: RBM Infracon has been tasked with conducting comprehensive health checks on canopies at various retail outlets across Gujarat and implementing necessary rectifications. This order is valued at Rs 4,05,28,555.50 and is expected to be completed within a year.
- Canopy Fabrication and Erection: The company has secured a substantial order worth Rs 9,49,40,678.50 for the fabrication and erection of canopies at multiple retail outlets in Gujarat. This project is slated for completion within two years.
- Hoarding Fabrication and Erection: RBM Infracon has been awarded a contract worth Rs 6,00,69,607.07 to fabricate and erect hoardings at various retail outlets in Gujarat. The project is expected to be completed within a year.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
About the Company
RBM Infracon Limited, a veteran in EPC contracts within Mechanical & Civil Engineering Construction Services, is dedicated to delivering comprehensive solutions across industries like refineries, jetties, petrochemicals, fertilizers, cement, power plants, and more. With over three decades of experience, the company is renowned for its quality, innovation, and client satisfaction. Headquartered in Jamnagar, Gujarat, with satellite offices in Ahmedabad and project sites nationwide, RBM Infracon leverages its strategic location, robust infrastructure, skilled workforce, and advanced technology to deliver timely and efficient solutions. Guided by the vision of "The Resonance of Excellence," the company strives for excellence that not only sets a benchmark but also leaves a lasting impact on the industry.
RBM Infracon has successfully collaborated with industry giants such as Reliance Industries, Nayara Energy Limited, Afcons Infrastructure Ltd., Chemie-Tech-DORC-Nigeria, Chemie-Tech-Malta, GPPL- Malta, YARA Fertilizers, TATA Projects and L&T, demonstrating their capacity to deliver on large-scale projects. The company's order book now exceeds Rs 5,000 crore, solidifying its position as a leading player in the engineering and infrastructure sectors.
The company has a market cap of over Rs 800 crore with an ROE of 20 per cent and an ROCE of 28 per cent. The stock gave multibagger returns of 254 per cent from its 52-week low of Rs 241.30 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.