RMC Switchgears Ltd.

•

₹ 2582.79%

2026-08-21

rmcindia.inBSE: 540358NSE: RMC

Market Cap₹ 266 Cr.

Current Price₹ 251

High / Low₹ 530 / 245

Stock P/E0.0

Book Value₹ 118

Price to Book7.13

Dividend Yield0.00 %

ROCE37.2 %

ROE37.6 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 32.6%
Company has a healthy return on capital (ROCE) of 32.2%
Company has delivered good sales growth of 39.7% CAGR over last 5 years
Company converts assets efficiently - asset turnover of 1.8x

CONS

Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.39x)
Stock is trading at 7.1x its book value

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Capital GoodsCapital GoodsElectric Equipment

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	ABB	7400.00	52.48	156812.20	0.53	3623.00	930.02	35588.70	1110.31	30.18	12.56
2.	POWERINDIA	33550.00	0.00	149540.28	0.02	294.15	123.52	2493.69	74.46	28.73	14.58
3.	SIEMENS	3880.10	42.19	138178.32	0.46	214.31	-49.38	4713.70	8.44	21.42	9.14
4.	CGPOWER	862.90	108.75	135945.59	0.15	308.28	15.52	3280.81	13.99	27.94	12.11
5.	ENRIN	3483.60	0.00	124058.14	0.11	4409.00	1578.34	24856.00	1292.81	40.19	23.56
6.	GVT&D	4119.00	564.77	105465.57	0.24	362.99	24.65	1836.14	38.04	75.51	25.10
7.	HAVELLS	1278.00	49.11	80202.38	0.78	289.71	-16.64	6518.19	19.48	25.74	7.15
8.	WAAREEENER	2688.00	20.26	77320.68	0.15	891.87	15.39	7931.79	79.22	34.71	18.15
9.	APARINDS	16607.65	58.86	69540.11	0.36	4674.50	1677.98	65910.60	1191.31	33.47	11.50
10.	SUZLON	46.78	20.45	64302.09	0.00	305.22	-5.89	3829.09	22.83	35.79	15.55
11.	SCHNEIDER	1254.75	0.00	30001.58	0.00	124.40	201.65	6513.60	947.83	31.01	5.23
12.	RMC	251.70	11.93	266.35	0.00	2.08	—	37.24	-77.52	37.26	20.82

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2025	Jun 2025	Mar 2026	Jun 2026
	164	76	91	32
	148	73	81	31
Operating Profit	—	—	—	—
OPM %	—	—	—	—
Other Income	1	0	1	0
Interest	2	3	4	4
Depreciation	1	1	1	1
	14	3	6	2
Tax %	28.39%	25.19%	31.16%	25.15%
Net Profit	10	3	4	1
	10	0	4	0
Equity Capital	11	11	11	11
Reserves	97	0	113	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%
Equity Capital	11	11	11	11
Reserves	97	0	113	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%

Mar 2025

: 164
: 148
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 2
Depreciation: 1
: 14
Tax %: 28.39%
Net Profit: 10
: 10
Equity Capital: 11
Reserves: 97
Promoter Pledge %: 0.00%
Equity Capital: 11
Reserves: 97
Promoter Pledge %: 0.00%

Jun 2025

: 76
: 73
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 3
Depreciation: 1
: 3
Tax %: 25.19%
Net Profit: 3
: 0
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 91
: 81
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 4
Depreciation: 1
: 6
Tax %: 31.16%
Net Profit: 4
: 4
Equity Capital: 11
Reserves: 113
Promoter Pledge %: 0.00%
Equity Capital: 11
Reserves: 113
Promoter Pledge %: 0.00%

Jun 2026

: 32
: 31
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 4
Depreciation: 1
: 2
Tax %: 25.15%
Net Profit: 1
: 0
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 11
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	55	51	83	132	59	37	42	125	173	316	362
	49	45	74	119	51	30	36	99	139	264	332
Operating Profit	7	7	10	14	8	7	6	27	35	54	—
OPM %	13	14	12	10	14	18	14	21	20	17	—
Other Income	0	2	1	1	0	0	1	0	1	2	2
Interest	5	4	5	6	5	4	3	7	9	9	13
Depreciation	1	2	2	2	2	2	3	3	3	3	4
	1	1	3	5	1	0	0	17	21	43	24
Tax %	81	-4	16	26	49	-133	-68	31	30	26	28
Net Profit	0	2	3	4	0	0	1	12	15	31	17
EPS	0	0	0	0	0	1	1	12	14	30	—
Dividend Payout %	0	0	0	0	0	0	0	0	1	0	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	2	3	4	0	0	1	11	14	30	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	0	2	3	4	0	0	1	11	14	30	—

Mar 2016

: 55
: 49
Operating Profit: 7
OPM %: 13
Other Income: 0
Interest: 5
Depreciation: 1
: 1
Tax %: 81
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2017

: 51
: 45
Operating Profit: 7
OPM %: 14
Other Income: 2
Interest: 4
Depreciation: 2
: 1
Tax %: -4
Net Profit: 2
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2018

: 83
: 74
Operating Profit: 10
OPM %: 12
Other Income: 1
Interest: 5
Depreciation: 2
: 3
Tax %: 16
Net Profit: 3
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2019

: 132
: 119
Operating Profit: 14
OPM %: 10
Other Income: 1
Interest: 6
Depreciation: 2
: 5
Tax %: 26
Net Profit: 4
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2020

: 59
: 51
Operating Profit: 8
OPM %: 14
Other Income: 0
Interest: 5
Depreciation: 2
: 1
Tax %: 49
Net Profit: 0
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2021

: 37
: 30
Operating Profit: 7
OPM %: 18
Other Income: 0
Interest: 4
Depreciation: 2
: 0
Tax %: -133
Net Profit: 0
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 0

Mar 2022

: 42
: 36
Operating Profit: 6
OPM %: 14
Other Income: 1
Interest: 3
Depreciation: 3
: 0
Tax %: -68
Net Profit: 1
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2023

: 125
: 99
Operating Profit: 27
OPM %: 21
Other Income: 0
Interest: 7
Depreciation: 3
: 17
Tax %: 31
Net Profit: 12
EPS: 12
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 11
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 11

Mar 2024

: 173
: 139
Operating Profit: 35
OPM %: 20
Other Income: 1
Interest: 9
Depreciation: 3
: 21
Tax %: 30
Net Profit: 15
EPS: 14
Dividend Payout %: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 14

Mar 2025

: 316
: 264
Operating Profit: 54
OPM %: 17
Other Income: 2
Interest: 9
Depreciation: 3
: 43
Tax %: 26
Net Profit: 31
EPS: 30
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 30
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 30

TTM

: 362
: 332
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 13
Depreciation: 4
: 24
Tax %: 28
Net Profit: 17
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

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

COMPOUNDED PROFIT GROWTH

10 Years:: 52%
5 Years:: 153%
3 Years:: 279%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: 15%
5 Years:: 20%
3 Years:: 33%
Last Year:: 38%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	1	5	6	6	6	6	6	7	10	11
	9	9	17	21	21	22	22	39	50	96
	10	11	16	17	18	18	16	24	30	37
Trade Payables	9	11	16	31	18	8	8	11	19	76
	20	24	27	31	28	28	30	35	46	49
Total Liabilities	49	59	82	107	92	82	83	117	155	269
ASSETS	-	-	-	-	-	-	-	-	-	-
	23	23	24	29	29	30	29	30	28	30
Capital Work in Progress	0	0	5	0	0	0	0	0	0	4
	0	0	0	0	0	0	0	0	0	9
	5	3	7	11	10	9	13	9	10	20
	0	0	0	0	0	0	0	0	91	147
Cash & Bank	2	3	2	3	1	0	0	0	2	10
	19	30	43	63	53	43	40	78	24	48
Total Assets	49	59	82	107	92	82	83	117	155	269
Total Debt	27	29	37	41	41	39	41	46	50	59
Net Working Capital	5	9	12	20	19	17	17	33	49	75
Contingent Liabilities	14	18	26	24	20	21	1	1	1	1
Book Value per Share	94.91	26.55	37.91	44.27	43.79	44.86	46.14	66.13	58.47	101.35
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	27	29	37	41	41	39	41	46	50	59
Net Working Capital	5	9	12	20	19	17	17	33	49	75
Contingent Liabilities	14	18	26	24	20	21	1	1	1	1
Book Value per Share	94.91	26.55	37.91	44.27	43.79	44.86	46.14	66.13	58.47	101.35
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2016

Equity Capital: 1
: 9
: 10
Trade Payables: 9
: 20
Total Liabilities: 49
: 23
Capital Work in Progress: 0
: 0
: 5
: 0
Cash & Bank: 2
: 19
Total Assets: 49
Total Debt: 27
Net Working Capital: 5
Contingent Liabilities: 14
Book Value per Share: 94.91
Face Value: 10.00
Total Debt: 27
Net Working Capital: 5
Contingent Liabilities: 14
Book Value per Share: 94.91
Face Value: 10.00

Mar 2017

Equity Capital: 5
: 9
: 11
Trade Payables: 11
: 24
Total Liabilities: 59
: 23
Capital Work in Progress: 0
: 0
: 3
: 0
Cash & Bank: 3
: 30
Total Assets: 59
Total Debt: 29
Net Working Capital: 9
Contingent Liabilities: 18
Book Value per Share: 26.55
Face Value: 10.00
Total Debt: 29
Net Working Capital: 9
Contingent Liabilities: 18
Book Value per Share: 26.55
Face Value: 10.00

Mar 2018

Equity Capital: 6
: 17
: 16
Trade Payables: 16
: 27
Total Liabilities: 82
: 24
Capital Work in Progress: 5
: 0
: 7
: 0
Cash & Bank: 2
: 43
Total Assets: 82
Total Debt: 37
Net Working Capital: 12
Contingent Liabilities: 26
Book Value per Share: 37.91
Face Value: 10.00
Total Debt: 37
Net Working Capital: 12
Contingent Liabilities: 26
Book Value per Share: 37.91
Face Value: 10.00

Mar 2019

Equity Capital: 6
: 21
: 17
Trade Payables: 31
: 31
Total Liabilities: 107
: 29
Capital Work in Progress: 0
: 0
: 11
: 0
Cash & Bank: 3
: 63
Total Assets: 107
Total Debt: 41
Net Working Capital: 20
Contingent Liabilities: 24
Book Value per Share: 44.27
Face Value: 10.00
Total Debt: 41
Net Working Capital: 20
Contingent Liabilities: 24
Book Value per Share: 44.27
Face Value: 10.00

Mar 2020

Equity Capital: 6
: 21
: 18
Trade Payables: 18
: 28
Total Liabilities: 92
: 29
Capital Work in Progress: 0
: 0
: 10
: 0
Cash & Bank: 1
: 53
Total Assets: 92
Total Debt: 41
Net Working Capital: 19
Contingent Liabilities: 20
Book Value per Share: 43.79
Face Value: 10.00
Total Debt: 41
Net Working Capital: 19
Contingent Liabilities: 20
Book Value per Share: 43.79
Face Value: 10.00

Mar 2021

Equity Capital: 6
: 22
: 18
Trade Payables: 8
: 28
Total Liabilities: 82
: 30
Capital Work in Progress: 0
: 0
: 9
: 0
Cash & Bank: 0
: 43
Total Assets: 82
Total Debt: 39
Net Working Capital: 17
Contingent Liabilities: 21
Book Value per Share: 44.86
Face Value: 10.00
Total Debt: 39
Net Working Capital: 17
Contingent Liabilities: 21
Book Value per Share: 44.86
Face Value: 10.00

Mar 2022

Equity Capital: 6
: 22
: 16
Trade Payables: 8
: 30
Total Liabilities: 83
: 29
Capital Work in Progress: 0
: 0
: 13
: 0
Cash & Bank: 0
: 40
Total Assets: 83
Total Debt: 41
Net Working Capital: 17
Contingent Liabilities: 1
Book Value per Share: 46.14
Face Value: 10.00
Total Debt: 41
Net Working Capital: 17
Contingent Liabilities: 1
Book Value per Share: 46.14
Face Value: 10.00

Mar 2023

Equity Capital: 7
: 39
: 24
Trade Payables: 11
: 35
Total Liabilities: 117
: 30
Capital Work in Progress: 0
: 0
: 9
: 0
Cash & Bank: 0
: 78
Total Assets: 117
Total Debt: 46
Net Working Capital: 33
Contingent Liabilities: 1
Book Value per Share: 66.13
Face Value: 10.00
Total Debt: 46
Net Working Capital: 33
Contingent Liabilities: 1
Book Value per Share: 66.13
Face Value: 10.00

Mar 2024

Equity Capital: 10
: 50
: 30
Trade Payables: 19
: 46
Total Liabilities: 155
: 28
Capital Work in Progress: 0
: 0
: 10
: 91
Cash & Bank: 2
: 24
Total Assets: 155
Total Debt: 50
Net Working Capital: 49
Contingent Liabilities: 1
Book Value per Share: 58.47
Face Value: 10.00
Total Debt: 50
Net Working Capital: 49
Contingent Liabilities: 1
Book Value per Share: 58.47
Face Value: 10.00

Mar 2025

Equity Capital: 11
: 96
: 37
Trade Payables: 76
: 49
Total Liabilities: 269
: 30
Capital Work in Progress: 4
: 9
: 20
: 147
Cash & Bank: 10
: 48
Total Assets: 269
Total Debt: 59
Net Working Capital: 75
Contingent Liabilities: 1
Book Value per Share: 101.35
Face Value: 10.00
Total Debt: 59
Net Working Capital: 75
Contingent Liabilities: 1
Book Value per Share: 101.35
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	5	4	0	3	7	9	3	-0	8	15
Cash from Investing	-1	-1	-3	2	-4	-3	-2	-3	-1	-23
Cash from Financing	-4	-3	2	-4	-5	-6	-1	4	-5	15
	-0	1	-1	1	-2	-0	-0	0	2	8
Free Cash Flow	3	4	-8	1	5	5	1	-3	8	6
OCF / Net Profit	21.67	2.90	0.09	0.70	21.82	19.15	4.70	-0.03	0.52	0.49
Cumulative 5-Year FCF	0	0	0	0	6	8	4	9	16	17
OCF / Net Profit	21.67	2.90	0.09	0.70	21.82	19.15	4.70	-0.03	0.52	0.49
Cumulative 5-Year FCF	0	0	0	0	6	8	4	9	16	17

Mar 2016

: 5
Cash from Investing: -1
Cash from Financing: -4
: -0
Free Cash Flow: 3
OCF / Net Profit: 21.67
Cumulative 5-Year FCF: 0
OCF / Net Profit: 21.67
Cumulative 5-Year FCF: 0

Mar 2017

: 4
Cash from Investing: -1
Cash from Financing: -3
: 1
Free Cash Flow: 4
OCF / Net Profit: 2.90
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.90
Cumulative 5-Year FCF: 0

Mar 2018

: 0
Cash from Investing: -3
Cash from Financing: 2
: -1
Free Cash Flow: -8
OCF / Net Profit: 0.09
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.09
Cumulative 5-Year FCF: 0

Mar 2019

: 3
Cash from Investing: 2
Cash from Financing: -4
: 1
Free Cash Flow: 1
OCF / Net Profit: 0.70
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.70
Cumulative 5-Year FCF: 0

Mar 2020

: 7
Cash from Investing: -4
Cash from Financing: -5
: -2
Free Cash Flow: 5
OCF / Net Profit: 21.82
Cumulative 5-Year FCF: 6
OCF / Net Profit: 21.82
Cumulative 5-Year FCF: 6

Mar 2021

: 9
Cash from Investing: -3
Cash from Financing: -6
: -0
Free Cash Flow: 5
OCF / Net Profit: 19.15
Cumulative 5-Year FCF: 8
OCF / Net Profit: 19.15
Cumulative 5-Year FCF: 8

Mar 2022

: 3
Cash from Investing: -2
Cash from Financing: -1
: -0
Free Cash Flow: 1
OCF / Net Profit: 4.70
Cumulative 5-Year FCF: 4
OCF / Net Profit: 4.70
Cumulative 5-Year FCF: 4

Mar 2023

: -0
Cash from Investing: -3
Cash from Financing: 4
: 0
Free Cash Flow: -3
OCF / Net Profit: -0.03
Cumulative 5-Year FCF: 9
OCF / Net Profit: -0.03
Cumulative 5-Year FCF: 9

Mar 2024

: 8
Cash from Investing: -1
Cash from Financing: -5
: 2
Free Cash Flow: 8
OCF / Net Profit: 0.52
Cumulative 5-Year FCF: 16
OCF / Net Profit: 0.52
Cumulative 5-Year FCF: 16

Mar 2025

: 15
Cash from Investing: -23
Cash from Financing: 15
: 8
Free Cash Flow: 6
OCF / Net Profit: 0.49
Cumulative 5-Year FCF: 17
OCF / Net Profit: 0.49
Cumulative 5-Year FCF: 17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	2.03	3.01	4.14	6.24	0.49	0.74	0.95	17.08	14.44	29.77
Book Value (₹)	94.91	26.55	37.91	44.27	43.79	44.86	46.14	66.13	58.47	101.35
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.20	0.00
Cash EPS (₹)	2.40	4.00	4.66	6.58	2.80	3.11	3.48	13.98	17.04	32.71
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	11.70%	13.00%	11.64%	10.39%	13.87%	18.26%	14.48%	18.02%	16.70%	14.14%
Net Margin %	0.36%	2.74%	2.98%	2.88%	0.51%	1.23%	1.39%	7.96%	7.32%	8.42%
ROE %	2.16%	12.88%	13.78%	15.18%	1.12%	1.67%	2.08%	31.92%	28.16%	37.57%
ROCE %	15.89%	14.44%	15.80%	17.96%	8.84%	6.42%	5.02%	29.60%	29.74%	37.21%
	0.46%	2.82%	3.58%	4.04%	0.30%	0.52%	0.70%	11.77%	10.96%	14.83%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	85	130	123	116	274	341	238	101	133	117
Inventory Days	34	27	22	25	65	92	97	27	17	15
Payable Days	107	163	117	110	241	213	110	48	59	78
	12	-6	28	32	98	220	224	80	92	54
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	2.60x	2.15x	1.60x	1.51x	1.53x	1.43x	1.48x	1.02x	0.83x	0.55x
Interest Coverage (x)	1.25x	1.35x	1.59x	1.80x	1.11x	1.05x	1.11x	3.44x	3.48x	5.88x
	1.25x	1.34x	1.33x	1.36x	1.47x	1.56x	1.53x	1.65x	1.64x	1.52x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	22.57%	-8.51%	63.76%	58.62%	-54.92%	-38.38%	13.56%	201.42%	37.81%	83.23%
Operating Profit Growth %	33.74%	2.28%	35.40%	39.11%	-39.83%	-18.78%	-10.06%	341.63%	30.92%	56.40%
Net Profit Growth %	-52.64%	598.77%	64.68%	50.68%	-92.09%	49.66%	28.28%	1934.78%	26.80%	110.97%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-15.47%	106.10%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	27.74x	24.29x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	6.85x	7.13x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.05%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	13.25x	14.92x

Mar 2016

EPS (₹): 2.03
Book Value (₹): 94.91
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.40
Operating Margin %: 11.70%
Net Margin %: 0.36%
ROE %: 2.16%
ROCE %: 15.89%
: 0.46%
Debtor Days: 85
Inventory Days: 34
Payable Days: 107
: 12
Debt to Equity (x): 2.60x
Interest Coverage (x): 1.25x
: 1.25x
Revenue Growth %: 22.57%
Operating Profit Growth %: 33.74%
Net Profit Growth %: -52.64%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): 3.01
Book Value (₹): 26.55
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.00
Operating Margin %: 13.00%
Net Margin %: 2.74%
ROE %: 12.88%
ROCE %: 14.44%
: 2.82%
Debtor Days: 130
Inventory Days: 27
Payable Days: 163
: -6
Debt to Equity (x): 2.15x
Interest Coverage (x): 1.35x
: 1.34x
Revenue Growth %: -8.51%
Operating Profit Growth %: 2.28%
Net Profit Growth %: 598.77%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 4.14
Book Value (₹): 37.91
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.66
Operating Margin %: 11.64%
Net Margin %: 2.98%
ROE %: 13.78%
ROCE %: 15.80%
: 3.58%
Debtor Days: 123
Inventory Days: 22
Payable Days: 117
: 28
Debt to Equity (x): 1.60x
Interest Coverage (x): 1.59x
: 1.33x
Revenue Growth %: 63.76%
Operating Profit Growth %: 35.40%
Net Profit Growth %: 64.68%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 6.24
Book Value (₹): 44.27
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.58
Operating Margin %: 10.39%
Net Margin %: 2.88%
ROE %: 15.18%
ROCE %: 17.96%
: 4.04%
Debtor Days: 116
Inventory Days: 25
Payable Days: 110
: 32
Debt to Equity (x): 1.51x
Interest Coverage (x): 1.80x
: 1.36x
Revenue Growth %: 58.62%
Operating Profit Growth %: 39.11%
Net Profit Growth %: 50.68%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 0.49
Book Value (₹): 43.79
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.80
Operating Margin %: 13.87%
Net Margin %: 0.51%
ROE %: 1.12%
ROCE %: 8.84%
: 0.30%
Debtor Days: 274
Inventory Days: 65
Payable Days: 241
: 98
Debt to Equity (x): 1.53x
Interest Coverage (x): 1.11x
: 1.47x
Revenue Growth %: -54.92%
Operating Profit Growth %: -39.83%
Net Profit Growth %: -92.09%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 0.74
Book Value (₹): 44.86
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.11
Operating Margin %: 18.26%
Net Margin %: 1.23%
ROE %: 1.67%
ROCE %: 6.42%
: 0.52%
Debtor Days: 341
Inventory Days: 92
Payable Days: 213
: 220
Debt to Equity (x): 1.43x
Interest Coverage (x): 1.05x
: 1.56x
Revenue Growth %: -38.38%
Operating Profit Growth %: -18.78%
Net Profit Growth %: 49.66%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 0.95
Book Value (₹): 46.14
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.48
Operating Margin %: 14.48%
Net Margin %: 1.39%
ROE %: 2.08%
ROCE %: 5.02%
: 0.70%
Debtor Days: 238
Inventory Days: 97
Payable Days: 110
: 224
Debt to Equity (x): 1.48x
Interest Coverage (x): 1.11x
: 1.53x
Revenue Growth %: 13.56%
Operating Profit Growth %: -10.06%
Net Profit Growth %: 28.28%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 17.08
Book Value (₹): 66.13
Dividend per Share (₹): 0.00
Cash EPS (₹): 13.98
Operating Margin %: 18.02%
Net Margin %: 7.96%
ROE %: 31.92%
ROCE %: 29.60%
: 11.77%
Debtor Days: 101
Inventory Days: 27
Payable Days: 48
: 80
Debt to Equity (x): 1.02x
Interest Coverage (x): 3.44x
: 1.65x
Revenue Growth %: 201.42%
Operating Profit Growth %: 341.63%
Net Profit Growth %: 1934.78%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 14.44
Book Value (₹): 58.47
Dividend per Share (₹): 0.20
Cash EPS (₹): 17.04
Operating Margin %: 16.70%
Net Margin %: 7.32%
ROE %: 28.16%
ROCE %: 29.74%
: 10.96%
Debtor Days: 133
Inventory Days: 17
Payable Days: 59
: 92
Debt to Equity (x): 0.83x
Interest Coverage (x): 3.48x
: 1.64x
Revenue Growth %: 37.81%
Operating Profit Growth %: 30.92%
Net Profit Growth %: 26.80%
: -15.47%
P/E (x): 27.74x
P/B (x): 6.85x
Dividend Yield %: 0.05%
: 13.25x

Mar 2025

EPS (₹): 29.77
Book Value (₹): 101.35
Dividend per Share (₹): 0.00
Cash EPS (₹): 32.71
Operating Margin %: 14.14%
Net Margin %: 8.42%
ROE %: 37.57%
ROCE %: 37.21%
: 14.83%
Debtor Days: 117
Inventory Days: 15
Payable Days: 78
: 54
Debt to Equity (x): 0.55x
Interest Coverage (x): 5.88x
: 1.52x
Revenue Growth %: 83.23%
Operating Profit Growth %: 56.40%
Net Profit Growth %: 110.97%
: 106.10%
P/E (x): 24.29x
P/B (x): 7.13x
Dividend Yield %: 0.00%
: 14.92x

Shareholding Pattern

Numbers in percentages

TRADES

	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	52.93	52.93	52.93	52.93	52.07	52.07	52.09	51.97	51.97
	0.00	0.74	2.69	3.38	5.05	4.83	2.70	2.69	2.70
	0.00	0.75	0.83	0.91	0.80	1.01	0.39	0.39	0.48
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	47.07	45.58	43.55	42.78	42.07	42.09	44.82	44.95	44.85

Mar 2023

: 52.93
: 0.00
: 0.00
Government: 0.00
: 47.07

Sep 2023

: 52.93
: 0.74
: 0.75
Government: 0.00
: 45.58

Mar 2024

: 52.93
: 2.69
: 0.83
Government: 0.00
: 43.55

Sep 2024

: 52.93
: 3.38
: 0.91
Government: 0.00
: 42.78

Mar 2025

: 52.07
: 5.05
: 0.80
Government: 0.00
: 42.07

Sep 2025

: 52.07
: 4.83
: 1.01
Government: 0.00
: 42.09

Dec 2025

: 52.09
: 2.70
: 0.39
Government: 0.00
: 44.82

Mar 2026

: 51.97
: 2.69
: 0.39
Government: 0.00
: 44.95

Jun 2026

: 51.97
: 2.70
: 0.48
Government: 0.00
: 44.85

Documents

Announcements

Rescission/termination(s)
2026-08-20 - Rmc Switchgears Limited has informed the Exchange about Rescission/termination(s) of Release / Unpledge of Shares of Intelligent Hydel Solutions Private Limited (IHSPL)
Copy of Newspaper Publication
2026-08-15 - Rmc Switchgears Limited has informed the Exchange about Copy of Newspaper Publication requesting shareholders of the company to register/uodate their email addresses

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Jun 2026
Transcript PPTREC
Nov 2025
Transcript PPTREC
Jun 2025
TranscriptPPTREC