RMC Switchgears Ltd

RMC Switchgears Ltd

₹ 302 -1.39%
10 Jul - close price
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 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

  • Market Cap 319 Cr.
  • Current Price 302
  • High / Low 897 / 245
  • Stock P/E 14.2
  • Book Value 123
  • Dividend Yield 0.00 %
  • ROCE 22.0 %
  • ROE 19.0 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.6%
  • Company's working capital requirements have reduced from 74.9 days to 51.0 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2025 Dec 2025 Mar 2026
165.66 37.04 142.94
148.99 41.58 125.34
Operating Profit 16.67 -4.54 17.60
OPM % 10.06% -12.26% 12.31%
0.20 0.46 0.65
Interest 2.23 3.98 3.98
Depreciation 0.89 1.40 1.32
Profit before tax 13.75 -9.46 12.95
Tax % 28.36% -25.16% 28.42%
9.85 -7.07 9.27
EPS in Rs 9.33 -6.70 8.76
Raw PDF

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 99 138 264 355
Operating Profit 9 13 26 34 54 47
OPM % 11% 10% 21% 20% 17% 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 43 30
Tax % 16% 26% 31% 30% 26% 26%
3 4 12 15 31 22
EPS in Rs 2.77 4.12 11.40 14.44 29.82 21.28
Dividend Payout % 0% 0% 0% 1% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 47%
TTM: 26%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 24%
TTM: -29%
Stock Price CAGR
10 Years: %
5 Years: 82%
3 Years: -3%
1 Year: -61%
Return on Equity
10 Years: %
5 Years: %
3 Years: 28%
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 96 120
37 41 46 50 59 105
21 38 24 45 103 131
Total Liabilities 82 106 117 155 269 367
24 29 30 28 30 59
CWIP 5 0 0 0 8 0
Investments 0 0 0 0 0 0
52 77 87 128 232 308
Total Assets 82 106 117 155 269 367

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 16 -12
-4 2 -3 -1 -23 -25
2 -4 4 -5 15 33
Net Cash Flow -1 1 0 2 8 -4
Free Cash Flow -1 1 -4 5 3 -34
CFO/OP 3% 28% 19% 42% 50% -5%

Ratios

Consolidated Figures in Rs. Crores / 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 73 124 75
Cash Conversion Cycle 72 49 154 160 79 134
Working Capital Days 44 49 95 99 75 51
ROCE % 18% 32% 38% 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
Smart Meter Enclosure Production Capacity
units per year ・Standalone data
SMC (Sheet Moulding Compound) Production Capacity
Metric Tonnes per year ・Standalone data
Solar Module Manufacturing Capacity (Planned/Under Construction)
GW
Customer Concentration - Top 5 Customers Share of Sales
% of total sales
Solar EPC Cumulative Capacity Executed
MWp
Tender Pipeline
Rs. Crore

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

3 Recently
Sep 2022Mar 2023Sep 2023Oct 2023Mar 2024Sep 2024Dec 2024Mar 2025Sep 2025Dec 2025Mar 2026Apr 2026
55.60% 52.93% 52.93% 52.93% 52.93% 52.93% 52.18% 52.07% 52.07% 52.09% 51.97% 51.97%
0.00% 0.00% 0.74% 0.74% 2.69% 3.38% 3.88% 5.05% 4.83% 2.70% 2.69% 2.69%
0.00% 0.00% 0.75% 0.77% 0.83% 0.91% 0.88% 0.80% 1.01% 0.39% 0.39% 0.39%
44.40% 47.07% 45.59% 45.55% 43.55% 42.77% 43.06% 42.08% 42.08% 44.82% 44.96% 44.96%
No. of Shareholders 2383791,0141,0631,8432,2872,5212,9543,7934,9355,0365,036

* 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