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 ₹ 783 Cr.
- Current Price ₹ 760
- High / Low ₹ 1,214 / 387
- Stock P/E 24.9
- Book Value ₹ 104
- Dividend Yield 0.03 %
- ROCE 37.2 %
- ROE 37.6 %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 157 days to 123 days
Cons
- Stock is trading at 7.32 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
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 83 | 132 | 125 | 172 | 318 | |
| 74 | 119 | 99 | 138 | 265 | |
| Operating Profit | 9 | 13 | 26 | 34 | 53 |
| OPM % | 11% | 10% | 21% | 20% | 17% |
| 1 | 1 | 0 | -1 | 1 | |
| Interest | 5 | 6 | 7 | 9 | 9 |
| Depreciation | 2 | 2 | 3 | 3 | 3 |
| Profit before tax | 3 | 5 | 17 | 21 | 43 |
| Tax % | 16% | 26% | 31% | 30% | 26% |
| 3 | 4 | 12 | 15 | 31 | |
| EPS in Rs | 2.77 | 4.12 | 11.40 | 14.44 | 30.51 |
| Dividend Payout % | 0% | 0% | 0% | 1% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 85% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 93% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 124% |
| 3 Years: | 219% |
| 1 Year: | 56% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 38% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 7 | 10 | 11 |
| Reserves | 17 | 21 | 39 | 50 | 96 |
| 37 | 41 | 46 | 50 | 59 | |
| 21 | 38 | 24 | 45 | 103 | |
| Total Liabilities | 82 | 106 | 117 | 155 | 269 |
| 24 | 29 | 30 | 28 | 30 | |
| CWIP | 5 | 0 | 0 | 0 | 8 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 52 | 77 | 87 | 128 | 232 | |
| Total Assets | 82 | 106 | 117 | 155 | 269 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 0 | 3 | -0 | 8 | 16 | |
| -4 | 2 | -3 | -1 | -23 | |
| 2 | -4 | 4 | -5 | 15 | |
| Net Cash Flow | -1 | 1 | 0 | 2 | 8 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 147 | 140 | 166 | 194 | 170 |
| Inventory Days | 61 | 54 | 43 | 39 | 33 |
| Days Payable | 137 | 145 | 56 | 73 | 124 |
| Cash Conversion Cycle | 72 | 49 | 154 | 160 | 79 |
| Working Capital Days | 105 | 91 | 176 | 172 | 123 |
| ROCE % | 18% | 32% | 37% |
Documents
Announcements
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Board Meeting Outcome for Outcome For The Board Meeting Of RMC Switchgears Limited
2d - Approved FY25 audited results; appointed independent director, cost and internal auditors; reconstituted committees.
- Audited Standalone And Consolidated Financial Results For The Half Year And Year Ended On 31St March, 2025 2d
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Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
14 May - RMC Switchgears confirms non-Large Corporate status and nil mandatory borrowings for FY 2024-25.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
9 May - RMC Switchgears confirms non-applicability of SEBI debt securities circular for large corporates.
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Board Meeting Intimation for Consideration And Approval Of Audited Standalone And Consolidated Financial Results For The Financial Year Ended On 31St March, 2025 In The Board Meeting Scheduled On 20Th May, 2025.
6 May - Board meeting on May 20, 2025, to approve FY25 audited results; trading window closed from April 1, 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 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