Big rally may come in Rbm Infracon share price, company got order of ₹ 3498 crore
In a major development, RBM Infracon Ltd (NSE: RBMINFRA), a leading construction and infrastructure company, has secured a substantial work order worth ₹3,498 crore from Oil and Natural Gas Corporation (ONGC), a Maharatna PSU. The order, which includes ₹3,371 crore for crude oil and ₹127 crore for gas at Nandej, is valid for a period of 15 years or 180 months from the date of the order.
Main Points
RBM Infracon’s Impressive Financial Performance
In the June 2024 quarter, RBM Infracon reported a remarkable 250% increase in net profit, which stood at ₹3.29 crore compared to ₹94 lakh in the same quarter last year. The company’s sales also grew by 99.03% to ₹38.85 crore in the June 2024 quarter, up from ₹19.52 crore in the previous quarter.
RBM Infracon’s stock closed at ₹762.40 on Friday, September 6, 2024. The 52-week high for the stock is ₹821.70, which it achieved on August 22, 2024. The 52-week low stands at ₹91.55, recorded on September 14, 2023. The company’s market capitalization is ₹773.89 crore. In terms of stock returns, the share has delivered 25% in 1 month, 51% in 3 months, and 25% in 6 months.
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Analysts’ Perspective on RBM Infracon
Analysts are bullish on RBM Infracon’s prospects, given its strong order book and impressive financial performance. “RBM Infracon’s ability to secure a significant order from a reputed client like ONGC is a testament to its capabilities and expertise in the construction and infrastructure sector,” said Anita Sharma, a senior analyst at XYZ Research.”The long-term nature of the order, coupled with the company’s consistent financial growth, makes RBM Infracon an attractive investment option for long-term investors,” added Sharma.
Factors Contributing to RBM infracon’s Success
RBM Infracon’s success can be attributed to several factors, including its strong project execution capabilities, focus on quality, and ability to adapt to changing market conditions. The company’s diversified business portfolio, which includes projects in the oil and gas, power, and transportation sectors, has also helped it mitigate risks and capitalize on growth opportunities.
RBM Infracon’s commitment to innovation and technology has also played a crucial role in its success, said Rajesh Gupta, a construction industry expert. “The company’s use of advanced construction techniques and project management tools has helped it deliver projects on time and within budget, which is a key differentiator in the highly competitive construction industry.”
Future Outlook and Growth Prospects
With the recent order from ONGC and a strong order book, RBM Infracon is well-positioned for future growth. The company’s focus on expanding its presence in the oil and gas sector, as well as its plans to foray into new markets and sectors, are expected to drive its growth in the coming years.”RBM Infracon’s strong financial position and ability to secure large orders from reputed clients make it an attractive investment option for investors looking for long-term growth,” said Sharma.
