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RBM Infracon Ltd.

RBM Infracon Ltd.

RBMINFRA.NS
RBM Infracon Ltd.IN flagNational Stock Exchange of India
272.10
INR
+3.15
- -
2.30BMarket Cap
RBM Infracon Ltd.
RBMINFRA.NS
(National Stock Exchange of India)

Recent

price

272.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
TTM
FRC
41.57
45.87
56.32
193
149.69
- -
318.55
Revenue per Share
-0.14
-1.58
2.41
5.13
12.8
- -
29.18
Basic EPS, GAAP
0.99
-0.43
-0.23
-14.8
-62.66
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
6.4
4.95
7.39
37.89
11.66
- -
10
Book Value per Share
6.4
5.48
7.92
39.99
112.19
- -
125.85
Tangible Book Value per Share
8
8
8
4
9
- -
10
Basic Weighted Avg Shares
351
387
475
832
1,297
3,217
3,217
Sales/Revenue/Turnover
1.26
-2.42
6.05
5.12
13.57
12.67
12.67
Operating Margin (%)
4
5
5
8
13
22
22
Depreciation Expense
-1
-13
20
22
111
295
295
Net Income, GAAP
- -
- -
16.37
28.73
30.63
26.43
26.43
Effective Tax Rate (%)
-0.34
-3.44
4.27
2.66
8.55
9.16
9.16
Profit Margin (%)
37
25
45
150
925
1,178
1,178
Working Capital
6
3
8
27
8
15
15
LT Debt
54
46
67
172
972
1,409
1,409
Total Equity
- -
- -
16.25
13.74
18.02
21.26
21.26
Return on Invested Capital (%)
- -
- -
18.33
14.38
64.24
177.85
177.85
Return on Capital (%)
- -
-27.81
38.99
19.6
83.93
291.69
291.69
Return on Common Equity (%)

Capital Structure

FRC

•

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
9,192
7,376
3,320

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'25
Total Current Assets
2,231
2,396
2,740
Cash, Cash Equivalents & STI
137
62
57
Accounts Receivable, Net
259
723
673
Inventories
291
146
691
Total Current Liabilities
1,142
1,225
1,562
Payables & Accruals
- -
- -
- -
ST Debt
86
99
99
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
139.39%
44.91%
Free Cash Flow
- -
737%
-54.49%
Net Income, GAAP
- -
266.28%
165.63%
Sales/Revenue/Turnover
- -
62.41%
148.02%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
103
- -
- -
- -
832
2024
195
202
334
573
1,297
2025
388
645
651
1,532
3,217

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.77
- -
- -
- -
5.13
2024
1.12
1.6
5.76
- -
12.8
2025
3.26
6.54
6.63
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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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.