RMC Switchgears Ltd

RMC Switchgears Ltd

₹ 530 -1.49%
24 Apr 11:30 a.m.
About

Incorporated in 1994, RMC Switchgears Ltd is in the business of Switchgear Engineering, ECI contracts for power distribution/ transmission sector[1]

Key Points

Business Overview:[1][2]
RMCSL is an ISO 9001:2008, ISO 14001:2015, ISO 27001:2013 and OHSAS 18001:2007 certified company. It is in the business of researching, designing and manufacturing electronic smart energy meter enclosures, distribution boxes & panels, and other electrical safety & distribution equipment. With equipment made in plastics, fibre reinforced plastics and sheet metals, RMC Switchgears also offers end-to-end solutions including Engineering, Procurement and Construction

  • Market Cap 546 Cr.
  • Current Price 530
  • High / Low 675 / 190
  • Stock P/E 36.5
  • Book Value 52.2
  • Dividend Yield 0.04 %
  • ROCE 29.5 %
  • ROE 31.7 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 36.1% CAGR over last 5 years
  • Debtor days have improved from 226 to 166 days.

Cons

  • Stock is trading at 10.2 times its book value
  • Company has a low return on equity of 13.8% over last 3 years.
  • Company has high debtors of 166 days.
  • Promoter holding has decreased over last 3 years: -3.34%

* 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.

Loading peers table ...

Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
71 26 33 13 23 18 24 58 67 87
64 23 29 11 19 15 21 44 55 67
Operating Profit 7 4 4 3 4 3 3 14 12 20
OPM % 10% 14% 13% 19% 18% 17% 11% 24% 18% 23%
0 0 0 0 0 1 0 0 0 -2
Interest 4 2 3 2 2 2 1 4 3 5
Depreciation 1 1 1 1 1 1 2 1 1 1
Profit before tax 3 1 0 -0 0 0 -0 9 8 12
Tax % 23% 57% -40% -56% -89% -9% 238% 30% 32% 35%
2 0 0 -0 1 0 0 6 6 8
EPS in Rs 2.19 0.25 0.08 -0.43 0.92 0.52 0.11 6.75 5.44 7.83
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
32 38 40 45 55 51 83 132 59 37 42 125 155
28 34 35 40 49 45 74 119 51 30 36 99 122
Operating Profit 3 4 5 5 7 6 9 13 8 7 6 26 33
OPM % 10% 11% 12% 11% 12% 11% 11% 10% 14% 18% 13% 21% 21%
0 0 0 1 0 2 1 1 0 0 1 0 -2
Interest 3 3 4 4 5 4 5 6 5 4 3 7 8
Depreciation 1 1 1 1 1 2 2 2 2 3 3 3 3
Profit before tax 0 0 0 0 1 1 3 5 1 0 0 17 21
Tax % 1,300% -138% 35% 31% 81% -3% 16% 26% 49% -137% -68% 31%
-0 0 0 0 0 2 3 4 0 0 1 12 14
EPS in Rs -2.40 2.00 1.25 1.50 1.38 2.01 2.77 4.18 0.33 0.49 0.64 11.40 13.27
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 13%
5 Years: 9%
3 Years: 28%
TTM: 89%
Compounded Profit Growth
10 Years: 50%
5 Years: 36%
3 Years: 229%
TTM: 140%
Stock Price CAGR
10 Years: %
5 Years: 87%
3 Years: 268%
1 Year: 178%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 14%
Last Year: 32%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 1 1 1 1 1 5 6 6 6 6 6 7 7
Reserves 6 6 8 8 9 9 17 21 21 22 22 39 47
29 26 24 24 27 29 37 41 41 39 42 46 43
13 16 10 12 12 16 21 38 24 15 13 24 39
Total Liabilities 49 48 43 46 49 59 82 107 92 82 83 117 136
15 14 19 20 23 23 24 29 29 30 29 30 26
CWIP 6 7 2 3 0 0 5 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
28 27 22 23 26 36 52 77 63 52 54 87 110
Total Assets 49 48 43 46 49 59 82 107 92 82 83 117 136

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3 6 5 4 0 3 7 9 3 4
0 -2 -1 -1 -4 2 -4 -3 -2 -3
-3 -5 -4 -3 2 -4 -5 -6 -1 4
Net Cash Flow -0 -1 -0 1 -1 1 -2 -0 -0 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 164 117 97 85 107 170 147 140 237 299 212 166
Inventory Days 304 164 76 92 68 53 61 54 96 145 183 43
Days Payable 361 270 117 100 121 181 137 145 179 129 113 56
Cash Conversion Cycle 108 12 56 77 54 42 72 49 155 315 282 154
Working Capital Days 163 77 87 91 79 105 105 91 211 354 338 164
ROCE % 8% 10% 13% 12% 16% 14% 16% 18% 9% 6% 5% 30%

Shareholding Pattern

Numbers in percentages

Mar 2019Sep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Oct 2023Mar 2024
56.27% 56.27% 56.27% 56.27% 56.27% 56.27% 56.27% 55.60% 52.93% 52.93% 52.93% 52.93%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.74% 0.74% 2.69%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.75% 0.77% 0.83%
43.73% 43.73% 43.73% 43.73% 43.73% 43.73% 43.73% 44.40% 47.07% 45.59% 45.55% 43.55%
No. of Shareholders 2432472532532542552562383791,0141,0631,843

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls