---
title: "RBM Infracon Ltd (RBMINFRA) — Share Price, Financials & Analysis"
symbol: "RBMINFRA"
company: "RBM Infracon Ltd"
canonical: "https://tapetide.com/stocks/RBMINFRA"
isin: "INE0NA301016"
nse_symbol: "RBMINFRA"
sector: "Oil & Gas"
industry: "Oil Equipment & Services"
market_cap_cr: 334.67
generated_at: "2026-09-13T19:34:18.290Z"
---

# RBM Infracon Ltd (RBMINFRA)

Canonical page: https://tapetide.com/stocks/RBMINFRA

## Company

- **NSE Symbol:** RBMINFRA
- **ISIN:** INE0NA301016
- **Sector:** Oil & Gas
- **Industry:** Oil Equipment & Services
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2023-01-04
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** rbminfracon.com

## About

Incorporated in 2013, RBM Infracon Limited is primarily engaged in the engineering, execution, testing, commissioning, operating & maintenance of mechanical and rotary equipment for oil & gas refineries, cement, fertilizers, Petrochemicals, Coal/Gas based power plants, etc.[1]

## Latest Price

- **Price:** ₹316.6
- **Change:** +13.35 (+4.4%)
- **Open:** ₹295
- **Day High:** ₹319.5
- **Day Low:** ₹295
- **Previous Close:** ₹303.25
- **Volume:** 49600
- **As Of:** 2026-09-11T09:57:58+00:00

## Key Fundamentals

Observed at 2026-09-11T04:45:51.893461Z.

- **Market Cap:** ₹334.67 Cr
- **Classification:** SME
- **P/E (reported):** 7.1
- **Book Value:** ₹176.46
- **Price to Book:** 1.72
- **Dividend Yield:** 0%
- **ROE:** 20.92%
- **ROCE:** 29.17%
- **Debt to Equity:** 0.76
- **Revenue (yearly):** ₹492.22 Cr
- **Net Income:** ₹45.59 Cr
- **EBITDA:** ₹73.59 Cr
- **52-Week High:** ₹524.8
- **52-Week Low:** ₹221
- **RSI (14):** 64.7

## Tapetide Score

- **Score:** 48 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 39.4 (of 4473 scored stocks)
- **Confidence:** 100%
- **Data coverage:** 100%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 42.9 | 9% |
| growth | 82.51 | 9% |
| momentum | 14.89 | 12% |
| ownership | 56.07 | 24% |
| quality | 48.39 | 22% |
| valuation | 44.41 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is expected to give good quarter
- Company has delivered good profit growth of 105% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.2%
- Company's working capital requirements have reduced from 150 days to 83.6 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -9.95%

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 93.35% | 20.19% | -855.56% |
| ebitda margin growth | 92.93% | 10.18% | 1.63% | 104.94% |
| net income growth | 92.54% | 54.54% | 174% | 105% |
| revenue growth | 135.58% | 52.63% | 81% | 66% |
| roce | — | 60.19% | 44.26% | 18.35% |
| roe | — | 83.35% | 15.05% | -172.61% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 23 | 23 | 60 | 39 | 103 | 218 | 284 | 208 |
| Expenses | 22 | 22 | 57 | 35 | 89 | 190 | 246 | 173 |
| Operating Profit | 1 | 1 | 3 | 4 | 14 | 29 | 38 | 35 |
| OPM % | 6 | 6 | 5 | 10 | 14 | 13 | 13 | 17 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 5 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 5 |
| Profit before tax | 1 | 1 | 2 | 3 | 13 | 27 | 36 | 26 |
| Tax % | 28 | 28 | 29 | 30 | 26 | 27 | 26 | 29 |
| Net Profit | 1 | 1 | 2 | 2 | 10 | 20 | 27 | 18 |
| EPS in Rs | 11.69 | 1.06 | 1.85 | 2.55 | 9.8 | 19.37 | 26.65 | 18.17 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 35 | 39 | 48 | 83 | 130 | 322 | 492 |
| Expenses | 34 | 39 | 44 | 78 | 111 | 279 | 419 |
| Operating Profit | 1 | 0 | 3 | 5 | 19 | 43 | 74 |
| OPM % | 2.5 | -1.1 | 7 | 6 | 15 | 13 | 15 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Interest | 1 | 1 | 1 | 1 | 2 | 1 | 6 |
| Depreciation | 0 | 1 | 1 | 1 | 1 | 2 | 6 |
| Profit before tax | 0 | -1 | 2 | 3 | 16 | 40 | 62 |
| Tax % | 100 | -2 | 17 | 29 | 31 | 26 | 27 |
| Net Profit | 0 | -1 | 2 | 2 | 11 | 29 | 45 |
| EPS in Rs | -2.31 | -23.92 | 36.51 | 2.62 | 10.98 | 29.17 | 44.82 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.52 | 0.56 | 0.56 | 8 | 10 | 10 | 11 |
| Reserves | 5 | 4 | 6 | 9 | 87 | 131 | 177 |
| Borrowings | 7 | 8 | 8 | 8 | 4 | 11 | 142 |
| Other Liabilities | 9 | 11 | 10 | 16 | 114 | 146 | 344 |
| Total Liabilities | 21 | 23 | 25 | 41 | 215 | 299 | 673 |
| Fixed Assets | 2 | 2 | 3 | 4 | 5 | 24 | 113 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Other Assets | 19 | 21 | 22 | 37 | 209 | 274 | 560 |
| Total Assets | 21 | 23 | 25 | 41 | 215 | 299 | 673 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | 0 | 1 | -4 | -52 | -3 | -26 |
| Cash from Investing Activity | -2 | -1 | -1 | -3 | -2 | -20 | -100 |
| Cash from Financing Activity | 1 | 1 | 0 | 7 | 61 | 22 | 126 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 8 | -2 | 1 |
| Free Cash Flow | -1 | -1 | 0 | -6 | -54 | -25 | -120 |
| CFO/OP | 105 | 86 | 37 | -73 | -248 | 17 | -12 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 160 | 148 | 118 | 82 | 56 | 76 | 83 |
| Inventory Days | — | — | — | — | — | — | 248 |
| Days Payable | — | — | — | — | — | — | 529 |
| Cash Conversion Cycle | 160 | 148 | 118 | 82 | 56 | 76 | -198 |
| Working Capital Days | 37 | 19 | 33 | 65 | 238 | 127 | 84 |
| ROCE % | — | -6 | 21 | 20 | 28 | 33 | 28 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 72.45% | 72.45% | 72.45% | 72.45% | 60.53% | 60.53% | 62.5% | 62.5% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.23% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.05% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 22.71% | 22.85% | 17.28% | 19.03% | 26.84% | 28.11% | 28.59% | 28.58% |
| Others | 4.83% | 4.69% | 10.27% | 8.52% | 12.63% | 11.36% | 8.91% | 8.65% |
| No. of Shareholders | 8 | 645 | 481 | 492 | 477 | 2121 | 3318 | 3136 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 10 / 4 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 264.35 | Buy |
| EMA (10) | 276.09 | Buy |
| SMA (20) | 252.28 | Buy |
| EMA (20) | 264.27 | Buy |
| SMA (50) | 261.71 | Buy |
| EMA (50) | 268.94 | Buy |
| SMA (100) | 301.59 | Buy |
| EMA (100) | 292.36 | Buy |
| SMA (200) | 341.82 | Sell |
| EMA (200) | 326.21 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 67.55 | Neutral |
| MACD (12,26,9) | 9.27 | Buy |
| Stochastic (14,3,3) | 81.24 | Sell |
| ADX (14) | 19.49 | Neutral |
| Williams %R (14) | -16.52 | Sell |
| ATR (14) | 19.07 | High Volatility |
| ROC (12) | 29.04 | Buy |
| Stoch RSI (14) | 88.23 | Sell |
| UO (7,14,28) | 62.16 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Jul - Board approved shifting corporate office to Jamnagar, effective immediately; registered office unchanged. | [Outcome of Board Meeting 9 Jul - Board approved shifting corporate office to Jamnagar, effective immediately; registered office unchanged.](https://nsearchives.nseindia.com/corporate/RBMINFRACON_09072026135259_Outcome_of_Board_Meeting-Signed.pdf) |
| 9 April 2026 - Regulation 74(5) compliance certificate filed for quarter ended March 31, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 April 2026 - Regulation 74(5) compliance certificate filed for quarter ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/RBMINFRACON_09042026173526_Reg_74_5__Signed.pdf) |
| 9 April 2026 - RBM Infracon says Regulation 27(2) corporate governance provisions are not applicable for quarter ended March 31, 2026. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 9 April 2026 - RBM Infracon says Regulation 27(2) corporate governance provisions are not applicable for quarter ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/RBMINFRACON_09042026173741_Reg_27_2__NA_Certifiacte-Signed.pdf) |
| 8 Sep - RBM Infracon released FY26 annual report, AGM on September 30, 2026, and proposed director appointments. | [Shareholders meeting 8 Sep - RBM Infracon released FY26 annual report, AGM on September 30, 2026, and proposed director appointments.](https://nsearchives.nseindia.com/corporate/RBMINFRACON_08092026160323_Annual_Report__Signed.pdf) |
| 8 Sep - Board approved AGM notice and director report; AGM set for September 30, 2026 via VC/OAVM. | [Outcome of Board Meeting 8 Sep - Board approved AGM notice and director report; AGM set for September 30, 2026 via VC/OAVM.](https://nsearchives.nseindia.com/corporate/RBMINFRACON_08092026135246_Outcome.pdf) |
| 8 July 2026 - RBM Infracon released FY26 audited results; revenue 492.22 Cr, profit 45.28 Cr, modified opinion clarified. | [Reply to Clarification- Financial results 8 July 2026 - RBM Infracon released FY26 audited results; revenue 492.22 Cr, profit 45.28 Cr, modified opinion clarified.](https://nsearchives.nseindia.com/corporate/RBMINFRACON_26062026173117_Revised_Outcome_Signed.pdf) |
| 8 Jul - On July 8, 2026, RBM Infracon appointed a secretarial auditor and accepted internal auditor resignation. | [Outcome of Board Meeting 8 Jul - On July 8, 2026, RBM Infracon appointed a secretarial auditor and accepted internal auditor resignation.](https://nsearchives.nseindia.com/corporate/RBMINFRACON_08072026180735_Outcome_of_BM_RL_Signed.pdf) |
| 5 March 2026 - Received Rs.477,983,134 service order from TKIL Industries Pvt. Ltd dated 26 Feb 2026, one-year execution. | [Bagging/Receiving of orders/contracts 5 March 2026 - Received Rs.477,983,134 service order from TKIL Industries Pvt. Ltd dated 26 Feb 2026, one-year execution.](https://nsearchives.nseindia.com/corporate/RBMINFRACON_05032026185444_NSE_LETTER_RBM_TKIL_Sign.pdf) |
| 5 June 2026 - Promoters disclose no encumbrance on RBM Infracon shares for FY ended March 31, 2026. | [Disclosure under SEBI Takeover Regulations 5 June 2026 - Promoters disclose no encumbrance on RBM Infracon shares for FY ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/team_sandeshc_23042026122430_SAST.pdf) |
| 5 February 2026 - Shareholders approved loan-to-equity conversion, s.180 approvals, SME-to-Main Board migration and MOA amendment on Feb 5, 2026. | [Shareholders meeting 5 February 2026 - Shareholders approved loan-to-equity conversion, s.180 approvals, SME-to-Main Board migration and MOA amendment on Feb 5, 2026.](https://nsearchives.nseindia.com/corporate/RBMINFRACON_05022026203626_Proceedings_signed__.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2024 | [Concall - Sep 2024](https://nsearchives.nseindia.com/corporate/RBMINFRA_03092024131147_finalscript.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/RBMINFRACON_26112025185448_Transcript_Final_Signed.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://nsearchives.nseindia.com/corporate/RBMINFRA_23112024172311_presentation_final_signed.pdf) |
| May 2025 | [Concall - May 2025](https://nsearchives.nseindia.com/corporate/RBMINFRACON_30052025142222_investor_presentation_Final_Signed.pdf) |
| Jan 2024 | [Concall - Jan 2024](https://nsearchives.nseindia.com/corporate/RBMINFRA_29012024164557_Investorrelation.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://nsearchives.nseindia.com/corporate/RBMINFRACON_24022025171347_Transcript_SIGNED.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31867_RBMINFRA_2025_2026_A_3419639_08092026161118.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27740_RBMINFRA_2024_2025_A_17662749_26082025191926.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25857_RBMINFRA_2023_2024_05092024175113.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23313_RBMINFRA_2022_2023_02092023210105_09022023220003.zip) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:34:18.290Z.