Micro-cap Engineering Company received a service order worth Rs 21.38 crore from Mundra Petrochem Ltd for structural erection work at its Green PVC Project
With a market capitalisation of Rs 312 crore and a PE ratio of 15.1x, the company trades at a discount compared to the industry PE of 26.4x.
RBM Infracon Limited has received a service order worth Rs 21.38 crore from Mundra Petrochem Ltd for structural erection work at its Green PVC Project.
The order, dated March 1, 2025, involves the erection of a cooling hall for a calcium carbide plant at the project site in Mundra, Gujarat. RBM Infracon confirmed that this is a domestic contract and does not fall under related-party transactions.
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With this contract, RBM Infracon continues to strengthen its project portfolio, positioning itself as a key player in India's expanding industrial infrastructure market.
In the Quarterly Results of December 2024, the revenue stood at Rs 65.14 crore, reflecting a year-on-year growth of 95.21 per cent and a quarter-on-quarter growth of 0.96 per cent. The net profit was Rs 6.70 crore, marking a year-on-year increase of 37.58 per cent and a quarter-on-quarter rise of 1.36 per cent. The net profit margin for December 2024 was 10.29 per cent, compared to 10.24 per cent in September 2024 and 14.59 per cent in December 2023.
For the financial year 2024, the revenue reached Rs 129.73 crore, registering a growth of 55.94 per cent compared to Rs 83.19 crore in FY23. The net profit stood at Rs 20.68 crore, showing a significant rise of 411.32 per cent from Rs 10.84 crore in the previous financial year. The net profit margin improved to 8.36 per cent in FY24 from 2.55 per cent in FY23.
About Company
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.
With a market capitalisation of Rs 312 crore and a PE ratio of 15.1x, the company trades at a discount compared to the industry PE of 26.4x. The company has ROCE of 28.6 per cent and ROE of 19.7 per cent
Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.