RMC Switchgears Ltd

RMC Switchgears Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

RMC Switchgears Ltd

₹ 795 -1.85%
13 Aug 1:45 p.m.
rmcindia.in BSE - SME: 540358
About

Incorporated in 1994, RMC Switchgears Ltd is in the business of Switchgear Engineering, ECI contracts for power distribution/ transmission sector[1]

Key Points

Business Overview:[1][2]
RMCSL is an ISO certified company researching, designing, and manufacturing electronic smart energy meter enclosures, distribution boxes & panels, and other electrical safety & distribution equipment. With equipment made of plastics, fibre reinforced plastics, and sheet metals, RMC Switchgears also offers end-to-end solutions, including Engineering, Procurement, and Construction

Website BSE
  • Market Cap ₹ 837 Cr.
  • Current Price ₹ 795
  • High / Low ₹ 1,214 / 518
  • Stock P/E 26.6
  • Book Value ₹ 102
  • Dividend Yield 0.02 %
  • ROCE 37.2 %
  • ROE 37.5 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 149% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 34.2%
  • Company's median sales growth is 22.4% of last 10 years

Cons

  • Stock is trading at 7.99 times its book value
  • Company has high debtors of 170 days.
  • Promoter holding has decreased over last 3 years: -4.20%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Electrical Equipment Other Electrical Equipment

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024 Sep 2024 Mar 2025
71 26 33 13 23 18 24 58 67 87 85 105 212
64 23 29 11 19 15 21 44 55 67 71 85 179
Operating Profit 7 4 4 3 4 3 3 14 12 20 14 20 33
OPM % 10% 14% 13% 19% 18% 17% 11% 24% 18% 23% 16% 19% 16%
0 0 0 0 0 1 0 0 0 -2 1 0 1
Interest 4 2 3 2 2 2 1 4 3 5 4 4 5
Depreciation 1 1 1 1 1 1 2 1 1 1 1 1 2
Profit before tax 3 1 0 -0 0 0 -0 9 8 12 9 15 28
Tax % 23% 57% -40% 56% -89% -9% -238% 30% 32% 35% 24% 32% 23%
2 0 0 -0 1 0 0 6 6 8 7 10 21
EPS in Rs 2.19 0.25 0.08 -0.43 0.92 0.52 0.11 6.75 5.44 7.83 6.63 9.94 20.10
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
40 45 55 51 83 132 59 37 42 125 172 316
35 40 49 45 74 119 51 30 36 99 138 264
Operating Profit 5 5 7 6 9 13 8 7 6 26 34 53
OPM % 12% 11% 12% 11% 11% 10% 14% 18% 13% 21% 20% 17%
0 1 0 2 1 1 0 0 1 0 -1 2
Interest 4 4 5 4 5 6 5 4 3 7 9 9
Depreciation 1 1 1 2 2 2 2 3 3 3 3 3
Profit before tax 0 0 1 1 3 5 1 0 0 17 21 43
Tax % 35% 31% 81% -3% 16% 26% 49% -137% -68% 31% 30% 26%
0 0 0 2 3 4 0 0 1 12 15 31
EPS in Rs 1.25 1.50 1.38 2.01 2.77 4.18 0.33 0.49 0.64 11.40 14.44 29.84
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 1% 0%
Compounded Sales Growth
10 Years: 21%
5 Years: 40%
3 Years: 97%
TTM: 84%
Compounded Profit Growth
10 Years: 63%
5 Years: 149%
3 Years: 278%
TTM: 92%
Stock Price CAGR
10 Years: %
5 Years: 142%
3 Years: 205%
1 Year: 1%
Return on Equity
10 Years: 21%
5 Years: 26%
3 Years: 34%
Last Year: 38%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 1 1 1 5 6 6 6 6 6 7 10 11
Reserves 8 8 9 9 17 21 21 22 22 39 50 96
24 24 27 29 37 41 41 39 42 46 50 59
10 12 12 16 21 38 24 15 13 24 45 103
Total Liabilities 43 46 49 59 82 107 92 82 83 117 155 269
19 20 23 23 24 29 29 30 29 30 28 30
CWIP 2 3 0 0 5 0 0 0 0 0 0 4
Investments 0 0 0 0 0 0 0 0 0 0 0 9
22 23 26 36 52 77 63 52 54 87 127 225
Total Assets 43 46 49 59 82 107 92 82 83 117 155 269

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3 6 5 4 0 3 7 9 3 -0 8 15
0 -2 -1 -1 -4 2 -4 -3 -2 -3 -1 -23
-3 -5 -4 -3 2 -4 -5 -6 -1 4 -5 15
Net Cash Flow -0 -1 -0 1 -1 1 -2 -0 -0 0 2 8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 97 85 107 170 147 140 237 299 212 166 194 170
Inventory Days 76 92 68 53 61 54 96 145 183 43 39 33
Days Payable 117 100 121 181 137 145 179 129 113 56 73 124
Cash Conversion Cycle 56 77 54 42 72 49 155 315 282 154 160 79
Working Capital Days 87 24 19 41 44 48 112 169 151 95 99 75
ROCE % 13% 12% 16% 14% 16% 18% 9% 6% 5% 30% 32% 37%

Shareholding Pattern

Numbers in percentages

3 Recently
Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Oct 2023Mar 2024Sep 2024Dec 2024Mar 2025
56.27% 56.27% 56.27% 56.27% 55.60% 52.93% 52.93% 52.93% 52.93% 52.93% 52.18% 52.07%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.74% 0.74% 2.69% 3.38% 3.88% 5.05%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.75% 0.77% 0.83% 0.91% 0.88% 0.80%
43.73% 43.73% 43.73% 43.73% 44.40% 47.07% 45.59% 45.55% 43.55% 42.77% 43.06% 42.08%
No. of Shareholders 2532542552562383791,0141,0631,8432,2872,5212,954

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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Concalls

  • Jun 2025
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  • Nov 2024
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  • Jun 2024
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  • Nov 2023
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  • Jul 2023
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  • May 2023
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  • Jan 2023
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  • Oct 2022
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