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 ₹ 196 Cr.
- Current Price ₹ 185
- High / Low ₹ 742 / 182
- Stock P/E 13.6
- Book Value ₹ 117
- Dividend Yield 0.00 %
- ROCE 18.1 %
- ROE 13.7 %
- Face Value ₹ 10.0
Pros
- 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
Part of BSE Industrials
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 | 304 | |
| 40 | 49 | 45 | 74 | 119 | 51 | 30 | 36 | 99 | 138 | 265 | 266 | |
| Operating Profit | 5 | 7 | 6 | 9 | 13 | 8 | 7 | 6 | 26 | 34 | 52 | 38 |
| OPM % | 11% | 12% | 11% | 11% | 10% | 14% | 18% | 13% | 21% | 20% | 16% | 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 | 42 | 22 |
| Tax % | 31% | 81% | -3% | 16% | 26% | 49% | -137% | -68% | 31% | 30% | 27% | 27% |
| 0 | 0 | 2 | 3 | 4 | 0 | 0 | 1 | 12 | 15 | 31 | 16 | |
| EPS in Rs | 0.38 | 0.34 | 2.01 | 2.77 | 4.18 | 0.33 | 0.49 | 0.64 | 11.40 | 14.44 | 29.01 | 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: | -48% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 59% |
| 3 Years: | -31% |
| 1 Year: | -72% |
| 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 | 97 | 113 |
| 24 | 27 | 29 | 37 | 41 | 41 | 39 | 42 | 46 | 50 | 57 | 103 | |
| 12 | 12 | 16 | 21 | 38 | 24 | 15 | 13 | 24 | 45 | 105 | 109 | |
| Total Liabilities | 46 | 49 | 59 | 82 | 107 | 92 | 82 | 83 | 117 | 155 | 269 | 336 |
| 20 | 23 | 23 | 24 | 29 | 29 | 30 | 29 | 30 | 28 | 30 | 42 | |
| CWIP | 3 | 0 | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 3 |
| 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 | 269 | 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 | 12 | -19 | |
| -2 | -1 | -1 | -4 | 2 | -4 | -3 | -2 | -3 | -1 | -23 | -20 | |
| -5 | -4 | -3 | 2 | -4 | -5 | -6 | -1 | 4 | -5 | 17 | 33 | |
| Net Cash Flow | -1 | -0 | 1 | -1 | 1 | -2 | -0 | -0 | 0 | 2 | 6 | -6 |
| Free Cash Flow | 3 | 3 | 2 | -8 | 1 | 5 | 5 | 1 | -4 | 5 | 2 | -33 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 122% | 85% | 79% | 3% | 29% | 81% | 129% | 49% | 19% | 42% | 46% | -29% |
Ratios
Standalone / 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 | 93 | 72 |
| Cash Conversion Cycle | 77 | 54 | 42 | 72 | 49 | 155 | 315 | 282 | 154 | 160 | 110 | 166 |
| Working Capital Days | 24 | 19 | 41 | 44 | 48 | 112 | 169 | 151 | 95 | 99 | 72 | 72 |
| ROCE % | 12% | 16% | 14% | 16% | 18% | 9% | 6% | 5% | 30% | 32% | 37% | 18% |
Insights
In beta| Mar 2019 | Jul 2020 | Mar 2022 | May 2023 | Sep 2024 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Order Book (Unexecuted) Rs. Crore |
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| Permanent Employee Count employees |
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| Smart Meter Enclosure Production Capacity units per year |
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| Customer Concentration - Top 5 Customers Share of Sales % of total sales |
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| SMC (Sheet Moulding Compound) Production Capacity Metric Tonnes per year |
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| Solar EPC Cumulative Capacity Executed MWp |
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| Tender Pipeline Rs. Crore |
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Extracted by Screener AI
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
-
Announcement under Regulation 30 (LODR)-Change in Directorate
- Shareholders approved Dilip Panjwani's appointment as Independent Director effective 12 September 2026.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Compliance Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 For the quarter ended 30th September, 2026
-
Board Meeting Outcome for Outcome Of The Board Meeting Dated 09Th October, 2026.
- Board approved rights issue of equity shares up to ₹30 crore on 9 October 2026.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
from bse
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 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