RBM Infracon Limited

RBM Infracon Limited

NNSE:RBMINFRA
208.50
INR
-16.50
(-7.33%)
26.61EPS
11.27P/E
2.77BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
41.57
45.87
56.32
193
149.69
318.47
462.91
318.53
Basic EPS, GAAP
-0.14
-1.58
2.41
5.13
12.8
29.17
42.58
29.17
Free Cash Flow per Basic Share
0.99
-0.43
-0.23
-14.8
-62.66
-33.1
-113.23
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
6.4
5.48
7.92
20.42
115.18
166.9
176.46
166.9
Tangible Book Value per Share
6.4
5.48
7.92
20.42
115.18
166.77
176.42
166.77
Basic Weighted Avg Shares
8
8
8
4
9
10
11
10
Sales/Revenue/Turnover
351
387
475
832
1,297
3,217
4,922
3,217
Operating Margin (%)
1.26
-2.42
6.05
5.12
13.57
12.71
13.73
12.67
Depreciation Expense
4
5
5
8
13
22
61
22
Net Income, GAAP
-1
-13
20
22
111
295
453
295
Effective Tax Rate (%)
- -
- -
16.37
28.73
30.63
26.43
26.94
26.43
Profit Margin (%)
-0.34
-3.44
4.27
2.66
8.55
9.16
9.2
9.16
Working Capital
37
25
45
150
925
1,069
1,193
1,069
LT Debt
6
3
8
27
8
15
599
15
Total Equity
54
46
67
172
972
1,409
1,876
1,409
Return on Invested Capital (%)
- -
- -
16.43
12.71
18.08
21.26
18.48
21.26
Return on Capital (%)
- -
- -
17.75
13.9
18.91
24.14
20.58
23.91
Return on Common Equity (%)
- -
-26.57
35.91
18.49
19.38
24.75
27.56
24.75

Capital Structure

INR

•

in mil. unless spec.
Sep'25
Dec'25
Mar'25
ST Debt
86
99
99
LT Borrowings
21
18
15
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
8
8
Market Capitalization
8,126
6,164
2,775

Working Capital

INR

•

in mil. unless spec.
Sep'25
Dec'25
Mar'25
Total Current Assets
2,231
2,396
2,618
Cash, Cash Equivalents & STI
137
62
57
Accounts Receivable, Net
259
723
684
Inventories
291
146
691
Total Current Liabilities
1,142
1,225
1,549
Payables & Accruals
- -
- -
- -
ST Debt
86
99
99
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
148.9%
33.18%
Free Cash Flow
- -
820.83%
260.05%
Net Income, GAAP
- -
75.49%
53.64%
Sales/Revenue/Turnover
- -
70.94%
52.98%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
195
202
334
573
1,297
2025
388
645
651
1,532
3,217
2026
- -
- -
- -
- -
4,922

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.12
1.6
5.76
4.83
12.8
2025
3.26
6.54
6.63
12.74
29.17
2026
- -
- -
- -
- -
42.58

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Jaybajrang R. Mani
Full Time Employees
15
Sector
Industrial services
Industry
Engineering & construction
Address
Ravi Plaza Jamnagar GU India 361006
IPO Date
Jan 4, 2023
Business
RBM Infracon Limited is an engineering, procurement, and construction (EPC) company specializing in construction, maintenance, turnaround, and manpower services for oil and gas refineries, petrochemicals, fertilizers, gas cracker plants, coal/gas/WHR-based power plants, chemicals, cement, sugar plants, paper plants, irrigation, and allied industrial sectors. The company offers a comprehensive range of services including piping fabrication and erection (CS/SS/alloy steel, above ground and underground), structural steel work and plate fabrication, tankage and sphere operations (EPC basis), civil construction and industrial foundations, coke plant maintenance and logistics, blasting cleaning and painting, insulation and refractory work, boiler and heat exchanger maintenance, vessel handling and fin fan systems, workshop and rail wagon management (including tipplers and conveying systems), electrical and instrumentation services, catalyst loading/unloading in reactors, ONGC drilling and workover operations, procurement and commissioning, and mechanical manpower hiring. Founded in 1992 and headquartered in Jamnagar, Gujarat, India, with a registered office in Ahmedabad, Gujarat, RBM Infracon operates primarily in India while serving international clients such as Reliance Industries Limited, Nayara Energy Limited, Afcons Infrastructure Ltd., YARA Fertilizers, TATA Projects, and L&T, across domestic and overseas projects in sectors like oil & gas, infrastructure, and green energy. Recent developments include securing a major Production Enhancement Contract with ONGC for the Nandej Oil and Gas Field in 2024, valued at INR 3,498 crore over 15 years (INR 3,371 crore for crude and INR 127 crore for gas), with milestones achieved such as increasing flowing wells from 33 to 51 by November 2025 and completing the first workover operation ahead of schedule; winning a INR 957.61 crore EPC contract from Epitome Industries for a greenfield agro-processing and industrial infrastructure facility (Phase I on track for March 2025 completion); receiving a INR 320.68 crore order from IOCL Gujarat Refinery in October 2025 for six-month execution; launching a renewable energy subsidiary; and signing a memorandum of understanding with Greenzo Energy in 2024 to establish 15 MW green hydrogen projects in Gujarat (Jamnagar, Kutch, and Bhuj), alongside an order book closing FY25 at INR 4,704 crore, up 240% year-over-year.