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 ₹ 833 Cr.
- Current Price ₹ 791
- High / Low ₹ 1,214 / 518
- Stock P/E 26.5
- 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 7.79 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: | 132% |
3 Years: | 204% |
1 Year: | -11% |
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)-Newspaper Publication
1d - Newspaper Advertisement in compliance with the Circulars issued by MCA & SEBI
- Shareholding Meeting- AGM-26.09.2025 30 Aug
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Board Meeting Outcome for Outcome Of Board Meeting Held On 30.08.2025
30 Aug - Board appointed internal auditor and Anil Jain (ID) 20/5/25–19/5/28; AGM 26/9/25; fund-raising committee constituted.
-
Closure of Trading Window
27 Aug - Board meets 30-Aug-2025 to consider equity/debt/convertible fundraising; trading window closed 27 Aug–1 Sep 2025.
-
Board Meeting Intimation for Intimation Of Board Meeting Scheduled To Be Held On 30.08.2025 Pursuant To Regulation 29 Of SEBI (LODR) Regulations, 2015'
27 Aug - Board meeting 30 Aug 2025 to consider 31st AGM and potential equity/debt fundraising (QIP, rights, preferential).
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