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 ₹ 330 Cr.
- Current Price ₹ 312
- High / Low ₹ 897 / 282
- Stock P/E 20.9
- Book Value ₹ 117
- Dividend Yield 0.00 %
- ROCE 18.0 %
- ROE 13.7 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.2%
- 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
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 | 303 | |
| 40 | 49 | 45 | 74 | 119 | 51 | 30 | 36 | 99 | 138 | 264 | 266 | |
| Operating Profit | 5 | 7 | 6 | 9 | 13 | 8 | 7 | 6 | 26 | 34 | 53 | 38 |
| OPM % | 11% | 12% | 11% | 11% | 10% | 14% | 18% | 13% | 21% | 20% | 17% | 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 | 43 | 22 |
| Tax % | 31% | 81% | -3% | 16% | 26% | 49% | -137% | -68% | 31% | 30% | 26% | 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 | 29.77 | 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: | -50% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 94% |
| 3 Years: | 14% |
| 1 Year: | -59% |
| 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 | 96 | 113 |
| 24 | 27 | 29 | 37 | 41 | 41 | 39 | 42 | 46 | 50 | 59 | 103 | |
| 12 | 12 | 16 | 21 | 38 | 24 | 15 | 13 | 24 | 45 | 103 | 109 | |
| Total Liabilities | 46 | 49 | 59 | 82 | 107 | 92 | 82 | 83 | 117 | 155 | 268 | 336 |
| 20 | 23 | 23 | 24 | 29 | 29 | 30 | 29 | 30 | 28 | 30 | 45 | |
| CWIP | 3 | 0 | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 0 |
| 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 | 268 | 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 | 15 | -19 | |
| -2 | -1 | -1 | -4 | 2 | -4 | -3 | -2 | -3 | -1 | -23 | -20 | |
| -5 | -4 | -3 | 2 | -4 | -5 | -6 | -1 | 4 | -5 | 15 | 33 | |
| Net Cash Flow | -1 | -0 | 1 | -1 | 1 | -2 | -0 | -0 | 0 | 2 | 8 | -6 |
| Free Cash Flow | 3 | 3 | 2 | -8 | 1 | 5 | 5 | 1 | -4 | 5 | 6 | -33 |
| CFO/OP | 122% | 85% | 79% | 3% | 29% | 81% | 129% | 49% | 19% | 42% | 50% | -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 | 124 | 72 |
| Cash Conversion Cycle | 77 | 54 | 42 | 72 | 49 | 155 | 315 | 282 | 154 | 160 | 79 | 166 |
| Working Capital Days | 24 | 19 | 41 | 44 | 48 | 112 | 169 | 151 | 95 | 99 | 75 | 72 |
| ROCE % | 12% | 16% | 14% | 16% | 18% | 9% | 6% | 5% | 30% | 32% | 37% | 18% |
Insights
In beta| Mar 1994 | Mar 2005 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Manufacturing Capacity: Smart Meter Enclosures Units per Annum |
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| Manufacturing Facility Size Sq. Ft. |
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| Permanent Employees Number |
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| Net Working Capital Cycle Days |
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| Order Book / Pipeline ₹ Crore |
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| Revenue Contribution: Electrical EPC ₹ Crore |
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| Revenue Contribution: Electrical Products ₹ Crore |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 15 Jun
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
11 Jun - Audio recording of FY26 earnings conference call held on 11 June 2026 shared online.
- Announcement under Regulation 30 (LODR)-Investor Presentation 9 Jun
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Jun - Investors''meet Scheduled at 4 PM IST on 11.06.2026
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Announcement under Regulation 30 (LODR)-Change in Management
5 Jun - RMC Switchgears appoints Vikash Verma and Ojas Sethi as senior management personnel effective 5 June 2026.
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
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
Concalls
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Jun 2026TranscriptPPTREC
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Nov 2025Transcript PPT REC
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Jun 2025TranscriptAI SummaryPPT
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Nov 2024TranscriptAI SummaryPPT
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Jun 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Jul 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Jan 2023TranscriptAI SummaryPPT
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Oct 2022TranscriptAI SummaryPPT
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