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 ₹ 330 Cr.
- Current Price ₹ 312
- High / Low ₹ 897 / 282
- Stock P/E 14.7
- 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.
Peer comparison
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
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 | 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: | 95% |
| 3 Years: | 10% |
| 1 Year: | -59% |
| 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 1994 | Mar 2005 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Manufacturing Capacity: Smart Meter Enclosures Units per Annum ・Standalone data |
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| Manufacturing Facility Size Sq. Ft. ・Standalone data |
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| Permanent Employees Number ・Standalone data |
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| Net Working Capital Cycle Days ・Standalone data |
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| Order Book / Pipeline ₹ Crore |
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| Revenue Contribution: Electrical EPC ₹ Crore ・Standalone data |
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| Revenue Contribution: Electrical Products ₹ Crore ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 15 Jun
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
11 Jun - Audio recording of FY26 earnings conference call held on 11 June 2026 shared online.
- Announcement under Regulation 30 (LODR)-Investor Presentation 9 Jun
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Jun - Investors''meet Scheduled at 4 PM IST on 11.06.2026
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Announcement under Regulation 30 (LODR)-Change in Management
5 Jun - RMC Switchgears appoints Vikash Verma and Ojas Sethi as senior management personnel effective 5 June 2026.
Annual reports
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Financial Year 2025
from bse
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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
Concalls
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Jun 2026TranscriptPPTREC
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Nov 2025Transcript PPT REC
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Jun 2025TranscriptAI SummaryPPT
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Nov 2024TranscriptAI SummaryPPT
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Jun 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Jul 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Jan 2023TranscriptAI SummaryPPT
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Oct 2022TranscriptAI SummaryPPT
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