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 ₹ 584 Cr.
- Current Price ₹ 555
- High / Low ₹ 1,214 / 518
- Stock P/E 14.5
- Book Value ₹ 120
- Dividend Yield 0.00 %
- ROCE 37.2 %
- ROE 37.6 %
- Face Value ₹ 10.0
Pros
Cons
- Company has high debtors of 170 days.
- Promoter holding has decreased over last 3 years: -3.54%
* 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
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 | TTM | |
|---|---|---|---|---|---|---|
| 83 | 132 | 125 | 172 | 318 | 454 | |
| 74 | 119 | 99 | 138 | 265 | 387 | |
| Operating Profit | 9 | 13 | 26 | 34 | 53 | 67 |
| OPM % | 11% | 10% | 21% | 20% | 17% | 15% |
| 1 | 1 | 0 | -1 | 1 | 1 | |
| Interest | 5 | 6 | 7 | 9 | 9 | 11 |
| Depreciation | 2 | 2 | 3 | 3 | 3 | 4 |
| Profit before tax | 3 | 5 | 17 | 21 | 43 | 54 |
| Tax % | 16% | 26% | 31% | 30% | 26% | |
| 3 | 4 | 12 | 15 | 31 | 41 | |
| EPS in Rs | 2.77 | 4.12 | 11.40 | 14.44 | 29.88 | 38.39 |
| Dividend Payout % | 0% | 0% | 0% | 1% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 139% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 137% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 126% |
| 3 Years: | 43% |
| 1 Year: | -30% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 7 | 10 | 11 | 11 |
| Reserves | 17 | 21 | 39 | 50 | 96 | 116 |
| 37 | 41 | 46 | 50 | 59 | 75 | |
| 21 | 38 | 24 | 45 | 103 | 119 | |
| Total Liabilities | 82 | 106 | 117 | 155 | 269 | 320 |
| 24 | 29 | 30 | 28 | 30 | 31 | |
| CWIP | 5 | 0 | 0 | 0 | 8 | 12 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 52 | 77 | 87 | 128 | 232 | 277 | |
| Total Assets | 82 | 106 | 117 | 155 | 269 | 320 |
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 | 44 | 49 | 95 | 99 | 75 |
| ROCE % | 18% | 32% | 37% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Investor Presentation 3h
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
4h - H1 FY26 consolidated revenue ₹221.61 crore, PAT ₹20.05 crore; major orders ₹61/₹59/₹16 crore; SIDBI-funded module plant.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2d
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
14 Nov - Postal ballot seeks approval for Rs800 crore loan/guarantee limit, loans to subsidiaries (caps up to Rs150Cr), and material RPTs.
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Announcement under Regulation 30 (LODR)-Credit Rating
13 Nov - Company denies unsolicited CARE rating (12 Nov 2025); requests withdrawal, says bank facilities regular.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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