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 ₹ 214 Cr.
- Current Price ₹ 203
- High / Low ₹ 828 / 194
- Stock P/E 10.6
- Book Value ₹ 123
- Dividend Yield 0.00 %
- ROCE 22.0 %
- ROE 18.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.1%
- Company's working capital requirements have reduced from 75.1 days to 50.9 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 186 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
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 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 83 | 132 | 125 | 172 | 318 | 402 | |
| 74 | 119 | 99 | 138 | 266 | 355 | |
| Operating Profit | 9 | 13 | 26 | 34 | 52 | 47 |
| OPM % | 11% | 10% | 21% | 20% | 16% | 12% |
| 1 | 1 | 0 | -1 | 1 | 2 | |
| Interest | 5 | 6 | 7 | 9 | 9 | 14 |
| Depreciation | 2 | 2 | 3 | 3 | 3 | 5 |
| Profit before tax | 3 | 5 | 17 | 21 | 42 | 30 |
| Tax % | 16% | 26% | 31% | 30% | 27% | 26% |
| 3 | 4 | 12 | 15 | 31 | 22 | |
| EPS in Rs | 2.77 | 4.12 | 11.40 | 14.44 | 29.04 | 21.10 |
| Dividend Payout % | 0% | 0% | 0% | 1% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 48% |
| TTM: | 26% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 24% |
| TTM: | -27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 64% |
| 3 Years: | -25% |
| 1 Year: | -73% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 27% |
| Last Year: | 19% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 7 | 10 | 11 | 11 |
| Reserves | 17 | 21 | 39 | 50 | 97 | 120 |
| 37 | 41 | 46 | 50 | 59 | 105 | |
| 21 | 38 | 24 | 45 | 105 | 131 | |
| Total Liabilities | 82 | 106 | 117 | 155 | 271 | 367 |
| 24 | 29 | 30 | 28 | 34 | 56 | |
| CWIP | 5 | 0 | 0 | 0 | 8 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 52 | 77 | 87 | 128 | 230 | 308 | |
| Total Assets | 82 | 106 | 117 | 155 | 271 | 367 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 0 | 3 | -0 | 8 | 12 | -12 | |
| -4 | 2 | -3 | -1 | -21 | -25 | |
| 2 | -4 | 4 | -5 | 16 | 33 | |
| Net Cash Flow | -1 | 1 | 0 | 2 | 7 | -4 |
| Free Cash Flow | -1 | 1 | -4 | 5 | -5 | -34 |
| CFO/OP | 3% | 28% | 19% | 42% | 45% | -5% |
Ratios
Consolidated / View Standalone
| Mar 2018 | Mar 2019 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 147 | 140 | 166 | 194 | 170 | 186 |
| Inventory Days | 61 | 54 | 43 | 39 | 33 | 22 |
| Days Payable | 137 | 145 | 56 | 73 | 93 | 75 |
| Cash Conversion Cycle | 72 | 49 | 154 | 160 | 110 | 134 |
| Working Capital Days | 44 | 49 | 95 | 99 | 75 | 51 |
| ROCE % | 18% | 32% | 36% | 22% |
Insights
In beta| Mar 2019 | Jul 2020 | Mar 2022 | Mar 2024 | Mar 2025 | Jun 2026 | |
|---|---|---|---|---|---|---|
| Order Book (Unexecuted) Rs. Crore |
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| Permanent Employee Count employees ・Standalone data |
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| Smart Meter Enclosure Production Capacity units per year ・Standalone data |
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| SMC (Sheet Moulding Compound) Production Capacity Metric Tonnes per year ・Standalone data |
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| Solar Module Manufacturing Capacity (Planned/Under Construction) GW |
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| Customer Concentration - Top 5 Customers Share of Sales % of total sales |
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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
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Board Meeting Intimation for Fund Raising By Rights Issue
- Board meets on 9 Oct 2026 to consider rights issue, committee constitution, and issue objects.
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Announcement under Regulation 30 (LODR)-Change in RTA
- Board approved RTA change from MUFG Intime to Skyline, effective date to be communicated.
- Closure of Trading Window
-
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
- Shareholders approved MOA alteration, increasing authorised share capital from Rs.15 crore to Rs.20 crore.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- 32nd AGM voting results: seven resolutions passed on 19 Sep 2026, including share capital increase and subsidiary support.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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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
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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