R&B is an integrated engineering, procurement, and construction (EPC) company that has served diversified construction and infrastructure projects. It renders services to the water supply, solid waste management, road construction, canals, sewerage operations, and building construction industries.
Its EPC operations can be categorised into - road, power, and urban infrastructure. The company has executed 45 projects spread across power (2), road sector (10), and urban infrastructure (33).
R & B Infra Limited IPO Details
R & B Infra Ltd. IPO combines 35 lakh fresh equities and 15 lakh offer for sale equity shares. We will update R & B infra IPO date and price when they are announced.
R & B Infra Limited IPO Objective
- The company proposes to utilise the net issue from fresh shares to fund working capital requirements and general corporate purposes.
Should you invest in R & B Infra Limited?
Here are a few key reasons to consider before investing in the IPO:
- It’s an ISO 9001: 2015 certified quality management system, an ISO 27001:2013 certified information security management system, and an ISO 20000-1:2011 certified information technology management system.
- The company works with several government agencies in the state of Maharashtra and has a diversified order portfolio. Its total order book stood at Rs. 1,25,629.92 lakh from 31 projects on August 31, 2022.
- The company was founded in 2005. It’s part of the Rathore Group, which has 25 years of experience in the same business line.
Competitive Peers
The other players in the domain recognised by the company are Dilip Buildcon Ltd., Ashoka Buildcon Ltd., Ramky Infrastructure, and Larsen & Tubro.
Noteworthy Highlights of R & B Infra Limited
- R&B Infra Ltd. has executed 45 projects worth Rs. 1,05,427.68 lakh and has a total order book value worth Rs. 1,78,645.28 lakh in on-going projects.
- Its revenue from operations has increased from Rs. 15,312.84 lakhs to Rs. 21,272.26 lakh, growing at 11.58% CAGR from 2020 to 2022, and profit grew at 18.47% CAGR.
R & B Infra Project Ltd Company Financials
| Particulars | Year ending on March 31, 2022 (₹ million) | Year ending on March 31, 2021 (₹ million) |
|---|---|---|
| Revenue from Operations | 21,272.26 | 18,497.75 |
| Profit After Tax (PAT) | 1,192.11 | 953.81 |
| EBITDA | 2,598.00 | 2,618.41 |
| EPS | 8.08 | 6.47 |
Know before investing
Strengths
3The company has strong project management capabilities and industry experience.
An experienced management team and promoters.
The company has considerable experience in executing 45 projects.
Risks
3The company requires certain licensing requirements, which may impact its future performance.
The company’s promoters and directors are involved in certain legal proceedings.
It has faced issues with the Income Tax Department in the past.
