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 ₹ 817 Cr.
- Current Price ₹ 776
- High / Low ₹ 1,214 / 518
- Stock P/E 26.0
- Book Value ₹ 102
- Dividend Yield 0.03 %
- ROCE 37.2 %
- ROE 37.5 %
- Face Value ₹ 10.0
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
- Company's working capital requirements have reduced from 157 days to 124 days
Cons
- Stock is trading at 7.64 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 135% |
3 Years: | 255% |
1 Year: | 21% |
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 | 91 | 79 | 105 | 105 | 91 | 211 | 354 | 338 | 176 | 172 | 124 |
ROCE % | 13% | 12% | 16% | 14% | 16% | 18% | 9% | 6% | 5% | 30% | 32% | 37% |
Documents
Announcements
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Appointment of Company Secretary and Compliance Officer
23 Jun - Appointment of Mrs. Shivani Bairathi as Compliance Officer effective 23 June 2025.
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Announcement Under Regulation 30 SEBI (LODR) Regulation 2015 - Grant Of Options Under RMC Switchgears Limited Employees Stock Option Scheme 2024
16 Jun - Grant of 3,000 stock options to employees under RMC Switchgears ESOP Scheme 2024.
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Announcement under Regulation 30 (LODR)-Investor Presentation
12 Jun - Investors Presentation for performance and financial data for the Half Year and Financial Year ended on 31st March, 2025
-
Clarification On Credit Rating
10 Jun - RMC Switchgears withdraws BWR rating; assigns credit rating to Infomerics; disputes BWR's published info.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulation 2015 For Appointment Of Mr. Samujjal Ganguly As ''Business Head'' In RMC Green Energy Private Limited, The Material Subsidiary Of RMC Switchgears Limited.
3 Jun - Appointment of Mr. Samujjal Ganguly as Business Head of RMC Green Energy Pvt Ltd from 03 June 2025.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 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