RBM Infracon Limited is a specialized engineering, procurement, and construction (EPC) company primarily engaged in the execution, testing, commissioning, operation, and maintenance of mechanical and rotary equipment. The company serves critical sectors including oil & gas refineries, cement, fertilizers, petrochemicals, and coal/gas-based power plants. Originally incorporated as RBM Infracon Private Limited on April 01, 2013, it transitioned into a public company and was renamed RBM Infracon Limited on September 23, 2022.
The company operates as a specialist contractor for construction, maintenance, and turnaround services across a broad spectrum of industries: oil and gas refineries, petrochemicals, fertilizers, gas cracker plants, coal/gas/WHR-based power plants, chemicals, cement, sugar plants, paper plants, and irrigation. RBM Infracon has established itself as a reliable partner in the industrial infrastructure sector, contributing to essential industries that form the backbone of India's economy.
RBM Infracon's comprehensive EPC services include structural, tankage, and piping fabrication and erection, utilizing materials such as carbon steel (CS), stainless steel (SS), and alloy steel. The company also provides Annual Rate Contract (ARC) maintenance and turnaround services for refineries, petrochemicals, and fertilizer plants. Their specialized offerings extend to blasting, painting, insulation, refractory services, electrical, instrumentation, and Non-Destructive Testing (NDT). Additional services like scaffolding, wagon tipplers, and conveying systems further solidify their position as a versatile solutions provider.
The company's expertise encompasses multiple specialized areas: mechanical, process, marine, instrument, electrical, civil, and architectural services. They also provide maintenance, shutdown, and heavy equipment services, and engage in the hiring of skilled mechanical manpower. This diversified service portfolio enables RBM Infracon to act as a one-stop solution for complex industrial projects.
RBM Infracon boasts a market capitalization of ₹495 Crores as of July 2025, with revenues of ₹322 Crores and a profit of ₹29.5 Crores for the same period. The company operates with minimal debt, signifying a robust balance sheet. It has demonstrated an outstanding annual revenue growth of 56% and maintains a healthy pre-tax margin of 12%. The Return on Equity (ROE) stands at a good 11%, supported by a reasonable debt-to-equity ratio of 1%, underscoring its strong financial health.
The company has shown strong quarterly performance: standalone net profit surged by 37.6% to ₹6.70 Crores in Q3 FY25 compared to ₹4.87 Crores in Q3 FY24. Revenue from operations soared by 95.2% year-on-year to ₹65.14 Crores for the quarter ended December 31, 2024. On a consolidated basis, RBM Infracon Ltd reported a profit of ₹12.87 Crores on a total income of ₹153.54 Crores for the quarter ended in 2025.
* Q3 FY2024-25 Performance: Standalone Net Profit of ₹6.70 Crores, Revenue from Operations of ₹65.14 Crores.
* Consolidated Q3 FY2025 Performance: Net Profit of ₹12.87 Crores, Total Income of ₹153.54 Crores.
* Annual Metrics (July 2025): Market Capitalization of ₹495 Crores, Revenue of ₹322 Crores, Profit of ₹29.5 Crores.
* Financial Health: Debt-to-Equity Ratio of 1%, Pre-Tax Margin of 12%, ROE of 11%.
* Growth: Annual Revenue Growth of 56%.
* Promoter Holding: 60.5% (as of March 2025).
RBM Infracon successfully completed 10 well workovers for ONGC Nandej Oil Field by July 3, 2025, adhering to timelines and safety standards. The company has been actively securing new orders, including a significant order valued at ₹7.22 Crores from Reliance Industries for mechanical works related to Phase-1B, scheduled for completion by March 31, 2025. Furthermore, Nayara Energy awarded RBM Infracon an order worth ₹4.24 Crores for fabrication and erection of piping and structural work, valid from February 1, 2025, to June 30, 2026.
As of March 2025, Promoter Holding stands at 60.5%, a slight decrease from 62.50% in February 2024. According to Value Research classification, RBM Infracon is a Small Cap company. As of June 13, 2025, the company's P/E ratio is 16.92 times, representing a 43% discount compared to its peers' median P/E ratio of 29.77 times.
The stock has experienced significant volatility, with a 52-week high of ₹1,049.00 and a 52-week low of ₹249.85. Since its listing, the company has delivered an impressive 480% return, complemented by a robust 242% growth in its order book. The stock is traded on both the NSE and BSE under the symbol RBMINFRA.
The key management personnel include Jaybajrang Ramaishish Mani as Chairman and Puja Paras Mehta as Company Secretary. RBM Infracon is exempt from certain SEBI corporate governance rules for Q1 FY2025 as it is listed on an SME Exchange, allowing for regulatory flexibility while maintaining transparency standards.
The company remains focused on expanding its presence in the infrastructure sector, emphasizing operational efficiency and financial discipline. With its specialized expertise in critical industrial sectors and a strong order book, RBM Infracon is strategically positioned to capitalize on India's burgeoning infrastructure development needs.
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