RMC Switchgears Ltd
Incorporated in 1994, RMC Switchgears Ltd is in the business of Switchgear Engineering, ECI contracts for power distribution/ transmission sector[1]
- Market Cap ₹ 234 Cr.
- Current Price ₹ 222
- High / Low ₹ 828 / 194
- Stock P/E 16.2
- Book Value ₹ 117
- Dividend Yield 0.00 %
- ROCE 18.1 %
- ROE 13.7 %
- Face Value ₹ 10.0
Pros
- Company's median sales growth is 25.6% of last 10 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 211 days.
* 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
Part of BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 45 | 55 | 51 | 83 | 132 | 59 | 37 | 42 | 125 | 172 | 316 | 304 | |
| 40 | 49 | 45 | 74 | 119 | 51 | 30 | 36 | 99 | 138 | 265 | 266 | |
| Operating Profit | 5 | 7 | 6 | 9 | 13 | 8 | 7 | 6 | 26 | 34 | 52 | 38 |
| OPM % | 11% | 12% | 11% | 11% | 10% | 14% | 18% | 13% | 21% | 20% | 16% | 12% |
| 1 | 0 | 2 | 1 | 1 | 0 | 0 | 1 | 0 | -1 | 2 | 2 | |
| Interest | 4 | 5 | 4 | 5 | 6 | 5 | 4 | 3 | 7 | 9 | 9 | 14 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 |
| Profit before tax | 0 | 1 | 1 | 3 | 5 | 1 | 0 | 0 | 17 | 21 | 42 | 22 |
| Tax % | 31% | 81% | -3% | 16% | 26% | 49% | -137% | -68% | 31% | 30% | 27% | 27% |
| 0 | 0 | 2 | 3 | 4 | 0 | 0 | 1 | 12 | 15 | 31 | 16 | |
| EPS in Rs | 1.50 | 1.38 | 2.01 | 2.77 | 4.18 | 0.33 | 0.49 | 0.64 | 11.40 | 14.44 | 29.01 | 14.96 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 53% |
| 3 Years: | 34% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 54% |
| 5 Years: | 104% |
| 3 Years: | 10% |
| TTM: | -48% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 73% |
| 3 Years: | -24% |
| 1 Year: | -71% |
| Return on Equity | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 24% |
| 3 Years: | 25% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1 | 1 | 5 | 6 | 6 | 6 | 6 | 6 | 7 | 10 | 11 | 11 |
| Reserves | 8 | 9 | 9 | 17 | 21 | 21 | 22 | 22 | 39 | 50 | 97 | 113 |
| 24 | 27 | 29 | 37 | 41 | 41 | 39 | 42 | 46 | 50 | 57 | 103 | |
| 12 | 12 | 16 | 21 | 38 | 24 | 15 | 13 | 24 | 45 | 105 | 109 | |
| Total Liabilities | 46 | 49 | 59 | 82 | 107 | 92 | 82 | 83 | 117 | 155 | 269 | 336 |
| 20 | 23 | 23 | 24 | 29 | 29 | 30 | 29 | 30 | 28 | 30 | 42 | |
| CWIP | 3 | 0 | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 12 |
| 23 | 26 | 36 | 52 | 77 | 63 | 52 | 54 | 87 | 127 | 225 | 279 | |
| Total Assets | 46 | 49 | 59 | 82 | 107 | 92 | 82 | 83 | 117 | 155 | 269 | 336 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 5 | 4 | 0 | 3 | 7 | 9 | 3 | -0 | 8 | 12 | -19 | |
| -2 | -1 | -1 | -4 | 2 | -4 | -3 | -2 | -3 | -1 | -23 | -20 | |
| -5 | -4 | -3 | 2 | -4 | -5 | -6 | -1 | 4 | -5 | 17 | 33 | |
| Net Cash Flow | -1 | -0 | 1 | -1 | 1 | -2 | -0 | -0 | 0 | 2 | 6 | -6 |
| Free Cash Flow | 3 | 3 | 2 | -8 | 1 | 5 | 5 | 1 | -4 | 5 | 2 | -33 |
| CFO/OP | 122% | 85% | 79% | 3% | 29% | 81% | 129% | 49% | 19% | 42% | 46% | -29% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 85 | 107 | 170 | 147 | 140 | 237 | 299 | 212 | 166 | 194 | 170 | 211 |
| Inventory Days | 92 | 68 | 53 | 61 | 54 | 96 | 145 | 183 | 43 | 39 | 33 | 27 |
| Days Payable | 100 | 121 | 181 | 137 | 145 | 179 | 129 | 113 | 56 | 73 | 93 | 72 |
| Cash Conversion Cycle | 77 | 54 | 42 | 72 | 49 | 155 | 315 | 282 | 154 | 160 | 110 | 166 |
| Working Capital Days | 24 | 19 | 41 | 44 | 48 | 112 | 169 | 151 | 95 | 99 | 72 | 72 |
| ROCE % | 12% | 16% | 14% | 16% | 18% | 9% | 6% | 5% | 30% | 32% | 37% | 18% |
Insights
In beta| Mar 2019 | Jul 2020 | Mar 2022 | Mar 2024 | Mar 2025 | Jun 2026 | |
|---|---|---|---|---|---|---|
| Order Book (Unexecuted) Rs. Crore |
|
|||||
| Permanent Employee Count employees |
||||||
| Smart Meter Enclosure Production Capacity units per year |
||||||
| SMC (Sheet Moulding Compound) Production Capacity Metric Tonnes per year |
||||||
| Solar Module Manufacturing Capacity (Planned/Under Construction) GW |
||||||
| Customer Concentration - Top 5 Customers Share of Sales % of total sales |
||||||
| Solar EPC Cumulative Capacity Executed MWp |
||||||
| Tender Pipeline Rs. Crore |
||||||
Extracted by Screener AI
Documents
Announcements
- Closure of Trading Window
-
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
- Shareholders approved MOA alteration, increasing authorised share capital from Rs.15 crore to Rs.20 crore.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- 32nd AGM voting results: seven resolutions passed on 19 Sep 2026, including share capital increase and subsidiary support.
-
Shareholder Meeting / Postal Ballot-Outcome of AGM
- RMC Switchgears held its 32nd AGM on 19 Sept 2026; voting results and scrutinizer report due soon.
-
Announcement under Regulation 30 (LODR)-Change in Management
- Board appoints Tarun Kumar Sharma as COO, Smart Solutions, effective 16 September 2026.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
-
Annual Report 2022
from bse
-
Annual Report 2021
from bse
-
Annual Report 2020
from bse
-
Annual Report 2019
from bse
-
Annual Report 2018
from bse
-
Annual Report 2017
from bse
-
Annual Report 2016
from bse
-
Annual Report 2015
from bse
-
Annual Report 2014
from bse
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