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 ₹ 801 Cr.
- Current Price ₹ 761
- High / Low ₹ 1,214 / 518
- Stock P/E 25.5
- 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
Cons
- Stock is trading at 7.49 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: | 139% |
3 Years: | 156% |
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 | 24 | 19 | 41 | 44 | 48 | 112 | 169 | 151 | 95 | 99 | 75 |
ROCE % | 13% | 12% | 16% | 14% | 16% | 18% | 9% | 6% | 5% | 30% | 32% | 37% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
9h - Received ₹59.12 crore LOI from JVVNL for 15-month Jaipur distribution infrastructure (RDSS) turnkey project.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
5 Sep - Of Newspaper Advertisement regarding the Notice of 31st Annual General Meeting of the Company
- Reg. 34 (1) Annual Report. 4 Sep
-
Shareholding Meeting-26.09.2025
4 Sep - 31st AGM on 26 Sep 2025; FY2024-25 report, director reappointments, auditors appointments.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Sep - Newspaper Advertisement in compliance with the Circulars issued by MCA & SEBI
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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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