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RMC Switchgears Ltd

₹ 408-2.61%
07 Jan – close price
🔗rmcindia.in•BSE: BSE - SME: 540358•NSE:
Market Cap₹ 430 Cr.
Current Price₹ 408
High / Low₹ 1,023
Stock P/E10.6
Book Value₹ 120
Dividend Yield0.00 %
ROCE37.2 %
ROE37.5 %
Face Value₹ 10.0
Sales₹ 406 Cr.
OPM16.2 %
Mar Cap₹ 430 Cr.

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

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceOrder Book PositionLarge Order ReceiptsJv Partnerships AcquisitionsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Waaree Energies2673.1028.4676895.130.07878.21132.976065.6469.7034.9417952.6922.552702.29842.556.6912.400.26
2.Premier Energies752.0528.5234065.210.13353.4471.611836.8720.2841.126991.7730.771194.26353.449.8617.900.47
3.Apar Inds.8184.0035.0032881.990.62251.7029.825715.4223.0632.7020745.768.33939.50251.706.777.830.14
4.Emmvee Photovol.217.0826.2815026.420.00237.86577.281131.00181.0628.012335.6130.91368.94237.86–12.122.15
5.Waaree Renewab.945.1527.939864.340.11116.35117.22774.7847.7382.312214.9021.39353.17116.3014.9725.060.12
6.Genus Power289.3018.608796.420.85148.15162.441149.00135.9919.213632.3921.18472.85148.154.698.430.93
7.Vikram Solar240.6533.558755.620.00128.491645.791109.9193.7226.453423.4514.37139.83128.492.955.160.09
8.RMC Switchgears408.2510.57429.750.0019.4890.05194.9686.0737.19406.4816.2340.6419.483.4014.830.59
–Median: 57 Co.217.0828.88667.620.09.853.91120.3324.4820.01406.4813.1626.459.984.498.370.36

Quarterly Results

Standalone figures in ₹ crores

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2019Sep 2020Sep 2021Sep 2022Sep 2023Sep 2024Sep 2025
Sales
33232467852122613185887105195
Expenses
2919215571179231115446785162
Operating Profit
44312143343314202033
Other Income
0000110010-201
Profit before tax
00-089281-009121526
Tax %
-40%-89%-238%32%24%23%57%56%-9%30%35%32%25%
Net Profit
01067210-00681019
EPS in Rs
0.080.920.115.446.6320.100.25-0.430.526.757.839.9418.51

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
4045555183132593742125172316406
Expenses
354049457411951303699138264341
Operating Profit
557691387626345366
Other Income
0102110010-122
Interest
44545654379911
Depreciation
1112222333334
Profit before tax
00113510017214354
Net Profit
00023400112153141
EPS in Rs
1.251.501.382.012.774.180.330.490.6411.4014.4429.8438.61
Dividend Payout %
0%0%0%0%0%0%0%0%0%0%1%0%–

Compounded Profit Growth

10 Years:63%
5 Years:149%
3 Years:278%
TTM:138%

Compounded Sales Growth

10 Years:21%
5 Years:40%
3 Years:97%
TTM:114%

Return on Equity

10 Years:21%
5 Years:26%
3 Years:34%
Last Year:38%

Stock Price CAGR

10 Years:%
5 Years:103%
3 Years:33%
1 Year:-59%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
1115666667101111
Reserves
88991721212222395096116
Borrowings
24242729374141394246505975
Other Liabilities
101212162138241513244510377
Total Liabilities
4346495982107928283117155269278
Fixed Assets
19202323242929302930283031
Gross Block
19.0620.0131.2831.4333.9440.4942.1745.7947.7950.3149.62––
Accumulated Depreciation
0.000.008.318.079.7311.4513.5515.9518.5520.6422.03––
CWIP
2300500000044
Investments
00000000000912
Other Assets
22232636527763525487127225231
Total Assets
4346495982107928283117155269278

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
365403793-0815
Cash from Investing Activity
0-2-1-1-42-4-3-2-3-1-23
Cash from Financing Activity
-3-5-4-32-4-5-6-14-515
Net Cash Flow
-0-1-01-11-2-0-0028

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
9785107170147140237299212166194170
Inventory Days
76926853615496145183433933
Days Payable
1171001211811371451791291135673124
Cash Conversion Cycle
56775442724915531528215416079
Working Capital Days
872419414448112169151959975
ROCE %
13%12%16%14%16%18%9%6%5%30%32%37%

Shareholding Pattern

Numbers in percentages

Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Oct 2023Mar 2024Sep 2024Dec 2024Mar 2025Sep 2025
Promoters
56.27%56.27%56.27%55.60%52.93%52.93%52.93%52.93%52.93%52.18%52.07%52.07%
FIIs
0.00%0.00%0.00%0.00%0.00%0.74%0.74%2.69%3.38%3.88%5.05%4.83%
DIIs
0.00%0.00%0.00%0.00%0.00%0.75%0.77%0.83%0.91%0.88%0.80%1.01%
Public
43.73%43.73%43.73%44.40%47.07%45.59%45.55%43.55%42.77%43.06%42.08%42.08%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

RMC Switchgears: Credit Ratings Withdrawn by Brickwork Ratings Due to Non-Cooperation

14th April 2026, 10:52 pm

RMC Switchgears Submits SEBI Dematerialization Compliance Certificate for March 2026 Quarter

7th April 2026, 3:26 pm

RMC Switchgears Approves Pledging Subsidiary Shares for ₹13.59 Crore Loan

2nd April 2026, 6:59 pm

RMC Switchgears Approved for Main Board Migration & NSE Listing from April 1, 2026

1st April 2026, 3:40 pm

RMC Switchgears Pledges 51% Subsidiary Stake for ₹1.36 Cr Loan

1st April 2026, 2:14 am

Published by Other Websites

External media mentions & references

Markets Brace for Volatility: Geopolitics, Tax Overhaul Loom

29th March 2026, 2:59 pm

RMC Switchgears Rockets 7% After Bold Move to BSE Main Board & Solar Project Success!

26th December 2025, 2:40 pm

RMC Switchgears Subsidiary Secures Rs 61 Crore Solar Project Order

14th August 2025, 9:13 pm

RMC Switchgears Files Compliance Report Amidst Main Board Migration Push
RMC Switchgears Gets NSE In-Principle Nod for Main Board Migration

News Articles

Editorial & research coverage

RMC Switchgears Rockets 7% After Bold Move to BSE Main Board & Solar Project Success!
RMC Switchgears Rockets 7% After Bold Move to BSE Main Board & Solar Project Success!

26th December 2025, 2:40 pm

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation Regarding Submission Of Application For Migration Of RMC Switchgears Limited From SME Platform Of BSE Limited To Main Board Of BSE Limited.

26 Dec - Applied to migrate equity shares from BSE SME to BSE Main Board on 26-12-2025.

Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

16 Dec - Postal ballot (voting ended Dec 14, 2025) approved Rs800 crore board authorization, subsidiary loans/guarantees and material RPTs.

Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
Announcement under Regulation 30 (LODR)-Press Release / Media Release

11 Dec - RMC commissioned 8.8 MWac (₹38.49 crore) of MAHAGENCO 46 MWac solar EPC; total project ₹153.98 crore.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Credit Ratings

Rating update

12 Nov 2025 from care

Rating update

2 Jul 2025 from infomerics

Rating update

29 May 2025 from brickwork

Rating update

15 Jan 2025 from infomerics

Rating update

29 Oct 2024 from crisil

Rating update

11 Oct 2024 from crisil

Concalls

Nov 2025

TranscriptPPTRecording

Jun 2025

PPT

Nov 2024

PPT

Jun 2024

PPT

Nov 2023

PPT

Jul 2023

PPT

May 2023

PPT

Jan 2023

PPT

Oct 2022

PPT

Stock Analysis

Description

  1. L&T Finance Ltd. is a NBFC, offering a range of financial products and services. The company has filed requisite applications for registration as a Systemically Important Non-Deposit Accepting Core Investment Company (NBFC-CIC).

Key Growth Triggers

  1. L&T Finance has demonstrated robust growth in its retail segment, with significant year-on-year increases in disbursements and expansion of its retail loan book, crossing the ₹1 lakh crore milestone. Strategic initiatives include customer acquisition, credit underwriting via Project Cyclops, digital architecture enhancement, and integration of acquired businesses like the gold loan portfolio. Management aims for sustained growth and targets improved RoA by FY27.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Currently no data available for Key Red Flags.

Key Dates To Watch

  1. Board Meeting scheduled for January 16, 2026, to approve Q3 and nine-month FY2025-26 financial results.

Corporate Announcements

14th Apr 26
Impact Rating: 8
RMC Switchgears Ltd. had its ₹42.14 crore bank loan ratings withdrawn by Brickwork Ratings, citing an 'Issuer Not Cooperating' status. The company disputes this, stating they were not actively engaged in a review.
7th Apr 26
Impact Rating: 3
RMC Switchgears Limited filed its quarterly confirmation certificate as per SEBI (Depositories and Participants) Regulations, 2018. The filing for the quarter ended March 31, 2026, confirms that the registrar, MUFG Intime India, has processed securities dematerialization as required.
2nd Apr 26
Impact Rating: 9
RMC Switchgears Limited's Board has approved pledging 51% of its subsidiary, Intelligent Hydel Solutions Private Limited (IHSPL), shares. This secures financial assistance of ₹13.59 crore from Saatvik Cleantech EPC Private Limited.
1st Apr 26
Impact Rating: 8
RMC Switchgears has received approvals to migrate to the BSE Main Board and list on the NSE, effective April 1, 2026. This move aims to significantly enhance its market visibility and attract broader investor participation.
31st Mar 26
Impact Rating: 8
RMC Switchgears Limited announced its board approved pledging 51% of its subsidiary, Intelligent Hydel Solutions Private Limited, for financial assistance of ₹135.92 lakh (₹1.36 cr) from Saatvik Cleantech EPC Private Limited.