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₹425Cr
Rev Gr TTM
Revenue Growth TTM
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RBMINFRA
VS
| Quarter | Mar 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | | | 174.7 |
| 89 | 190 | 246 |
Operating Profit Operating ProfitCr |
| 13.9 | 13.1 | 13.4 |
Other Income Other IncomeCr | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 |
Depreciation DepreciationCr | 1 | 1 | 1 |
| 14 | 28 | 38 |
| 3 | 7 | 9 |
|
Growth YoY PAT Growth YoY% | | | 171.8 |
| 9.6 | 9.0 | 9.5 |
| 10.3 | 19.4 | 25.3 |
| Financial Year | Mar 2025 | TTM |
|---|
|
| | 56.1 |
| 279 | 436 |
Operating Profit Operating ProfitCr |
| 13.3 | 13.3 |
Other Income Other IncomeCr | 1 | 1 |
Interest Expense Interest ExpenseCr | 1 | 2 |
Depreciation DepreciationCr | 2 | 3 |
| 40 | 66 |
| 11 | 17 |
|
| | 57.7 |
| 9.2 | 9.3 |
| 29.2 | 44.7 |
| Financial Year | Mar 2025 |
|---|
Equity Capital Equity CapitalCr | 10 |
| 131 |
Current Liabilities Current LiabilitiesCr | 156 |
Non Current Liabilities Non Current LiabilitiesCr | 2 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 274 |
Non Current Assets Non Current AssetsCr | 25 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -3 |
Investing Cash Flow Investing Cash FlowCr | -21 |
Financing Cash Flow Financing Cash FlowCr | 22 |
|
Free Cash Flow Free Cash FlowCr | |
| -11.7 |
CFO To EBITDA CFO To EBITDA% | -8.0 |
| Financial Year | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 332 |
Price To Earnings Price To Earnings | 11.3 |
Price To Sales Price To Sales | 1.0 |
Price To Book Price To Book | 2.4 |
| 7.9 |
Profitability Ratios Profitability Ratios |
| 83.3 |
| 13.3 |
| 9.2 |
| 27.3 |
| 20.9 |
| 9.9 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
RBM Infracon Limited, established in 1993 and headquartered in Jamnagar, Gujarat, is a debt-free engineering and infrastructure company with over three decades of experience. The company has evolved from a specialized EPC (Engineering, Procurement, and Construction) contractor into a diversified energy solutions provider, operating across **three strategic business verticals**:
1. **EPC Services**
2. **Oil & Gas Exploration & Production (E&P)**
3. **Green Energy (Green Hydrogen and Solar Power)**
RBM Infracon is strategically positioned to leverage India’s growing energy demands, both in conventional hydrocarbons and emerging clean energy sectors.
---
### **Core Business Segments**
#### **1. EPC Services**
- **Core Expertise**: Mechanical and civil engineering services including structural and tankage fabrication, piping erection, ARC maintenance, turnaround (shutdown) services, insulation, electrical & instrumentation, and material handling systems.
- **Sectors Served**: Refineries, petrochemicals, fertilizers, cement, power plants, sugar, paper, irrigation, coal, RMC, and agri-processing.
- **Key Clients**: Reliance Industries, L&T, Afcons Infrastructure, Tata Projects, Nayara Energy, YARA Fertilizers, Chemie-Tech, Essar Group, Dodsal.
- **Track Record**: Over **87+ projects executed** in 31+ years. Known for timely delivery, quality execution, and strong client relationships.
- **Operational Strength**: In-house skilled workforce, modern equipment, and minimal reliance on subcontractors ensure project control and safety compliance.
#### **2. Oil & Gas Exploration & Production**
- **Key Milestone**: Secured a **15-year Production Enhancement Contract (PEC-III)** from **ONGC** for the **Nandej Oil & Gas Field** in the Cambay Basin.
- **Contract Value**: ₹3,498 crore (₹3,371 crore for crude oil; ₹127 crore for gas).
- **Project Start**: Official operations began in **January 2025**, ahead of schedule.
- **Project Scope**:
- Development drilling
- **Hydro-fracturing** (only the third such operation in India) in tight K-IX/K-X reservoirs
- Water shut-off operations
- Reservoir management and production optimization
- **Revenue Model**: Service charges + **66% share of incremental production** (RBM retains), 34% to ONGC.
- **Technological Edge**: Deployment of advanced techniques like **hydraulic SRP (Sucker Rod Pump)** and **downhole electric centrifugal pumps (EC)**.
- **Infrastructure**: Installed 42,000-liter storage tank; mobilizing specialized equipment for large-scale fracturing.
#### **3. Green Energy (Strategic Expansion)**
- **Subsidiary**: **RBM Green Energy Private Limited** (fully owned), established in **May 2025**.
- **Focus Areas**:
- **Green Hydrogen** (target: **15 MW production capacity** in Jamnagar & Kutch)
- **Solar Power**
- **Strategic Partnerships**:
- **MOU with Greenzo Energy India Ltd (Nov 2024)** to develop a green hydrogen manufacturing facility using indigenous modular alkaline electrolyzers.
- Greenzo brings EPC expertise in 2,000+ MW of solar and green hydrogen projects.
- **Investment**: ₹200 crore planned for green hydrogen infrastructure.
- **Future Vision**: Expansion into **blue/green ammonia**, aligning with India’s 2030 target of **5 MMTPA green hydrogen production**.
---
### **Operational & Geographic Advantage**
- **HQ**: Jamnagar, Gujarat – proximity to major industrial clusters (Reliance, Nayara, GAIL).
- **Network**: Corporate office (Jamnagar), satellite office (Ahmedabad), and project offices across multiple Indian states.
- **Logistics**: Strategic location enables fast mobilization and cost-effective project execution.
---
### **Leadership & Governance**
- **Mr. Ravi Pratap Singh**: Appointed **Non-Executive Director, Oil & Gas Division (Oct 2024)** with extensive experience in managing $1.2B annual capex and 80–100 EPC projects.
- **Mr. Sunil Kumar Singh**: ONGC Project Head with 24+ years in O&G pipelines and plant operations.
- **Mr. Ranjan Kumar**: Projects Head with 15+ years in mechanical and O&G project execution.
- **New Appointment (Oct 2024)**: Mr. Ravi Pratap Singh strengthens leadership in E&P strategy.
---
### **Vision & Market Position**
RBM Infracon is transitioning from a traditional EPC contractor to an **integrated energy solutions provider**, uniquely combining:
- Proven **EPC excellence** in heavy industries
- **Innovation in domestic hydrocarbon recovery** (hydro-fracturing, production enhancement)
- **Forward-looking green energy ambitions** (green hydrogen, solar)
This positions the company at the forefront of India’s dual energy transformation—**enhancing domestic oil & gas output** while **pioneering renewable energy infrastructure**.