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NSE:RMC

RMC SWITCHGEARS LIMITED

Capital Goods › Electrical Equipment
₹188.90
at close · 28 Oct 2026
▼ 1.45 (-0.76%)
ThemesSolar Energy· core

Latest filings

  1. Postal Ballot Results: Land Purchase and Director Appointment Approved · Board & Shareholder Meetings
  2. Independent Director Dilip Panjwani appointed via Postal Ballot · Management Changes
  3. Postal ballot results: related party land purchase and new independent director approved · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures electrical enclosures, switchgears and related equipment at an 8 lakh square foot facility, and executes EPC contracts for power distribution and transmission utilities. Operations span four verticals — Electrical Products, Electrical EPC, Solar EPC and Solar Products — supplying state electricity distribution companies, government schemes and solar EPC clients. Recent orders include Rs 2.84 crore of 100 Amp L.T. distribution kiosks from Jaipur Vidyut Vitran Nigam, Rs 23.64 crore of off-grid solar water pumping systems (3, 5 and 7.5 HP) from MAHAVITRAN under the PM KUSUM B scheme, and Rs 5.02 crore of solar module mounting structures from Genus Power. Materials form the largest cost at 40.4% of revenue, with steel, copper, aluminum and silver named as key inputs. The FY26 order book stood at Rs 850 crore-plus with a bid pipeline of Rs 1,500 crore-plus. A new IoT product, PulseBox, for distribution transformer monitoring is in advanced tender specification discussions with one utility; Rs 797.38 lakhs was spent on R&D for PulseBox in FY26.

Operating scale
Electrical enclosure manufacturing facility
8 lakh square feetFY26
FY26 order book
Rs 850 crore+FY26
FY26 bid pipeline
Rs 1,500 crore+FY26
PulseBox R&D spend
Rs 797.38 lakhsFY26
PulseBox addressable base
~75 lakh urban/critical transformersFY26
PulseBox TAM
Rs 50,000 crore+FY26
Who pays it
State electricity distribution companies (DISCOMs) such as Jaipur Vidyut Vitran Nigam and MAHAVITRAN, plus government schemes like PM KUSUM B and solar EPC clients including Genus Power
Biggest cost
Raw materials at 40.4% of revenue (steel, copper, aluminum, silver)
Kind of business
Diversified electrical infrastructure with manufacturing, EPC, and emerging IoT product line
Where it sits
Among the largest electrical enclosure manufacturers in India by area, at 8 lakh square feet
Market Cap
₹200 Cr
P / E (TTM)
3.8×
EV / EBITDA
—
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
29.7%▲
ROCE (FY26)
ROE 17.2% · margin 12.1%
Leverage
0.79·
Debt / Equity · moderate
Net debt ₹101 Cr
Revenue FY19→FY26
3.0×▲
Revenue change
₹132 Cr → ₹402 Cr
Moves on a normal day
2.63%·
Median daily move
Last 141 sessions · the yardstick for filing-day moves
Where it sits among 56 Other Electrical Equipment peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#7/52
P/B#13/49
ROCE#19/55
ROE#19/50
Debt / Equity#36/50
EBITDA margin#13/51
Revenue growth#46/46

Scorecard

Measured from the filed financials, judged against its Other Electrical Equipment peers · as of FY26 — not investment advice

Strengths
Returns on capital 29.7%
#19 of 55 in Other Electrical Equipment on the latest reported figures · up from 22.5% in FY19
Concerns
Heavy working capital — 146 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

RMC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

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Common questions

Answered from RMC SWITCHGEARS LIMITED's filed financials and exchange disclosures

What does RMC SWITCHGEARS LIMITED do?

RMC SWITCHGEARS LIMITED is a Electrical Equipment company listed on NSE and BSE, trading under the symbol RMC.

Does RMC SWITCHGEARS LIMITED pay a dividend?

Not in the latest reported year — RMC SWITCHGEARS LIMITED's dividend payout for FY26 was nil.

Is RMC SWITCHGEARS LIMITED debt-free?

No. It reported borrowings of ₹103 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹101 Cr after cash. Debt stands at 0.79× equity. That is higher than 71% of its 50 Other Electrical Equipment peers.

Is RMC SWITCHGEARS LIMITED expensive compared with its peers?

On trailing P/E, RMC SWITCHGEARS LIMITED ranks 7 of 52 in Other Electrical Equipment — cheaper than 88% of them, against an industry median of 22.4×. This is a position, not a valuation judgement.

How much does the RMC SWITCHGEARS LIMITED share price move in a day?

On a typical session RMC SWITCHGEARS LIMITED moves 2.63% — that is the median absolute close-to-close move across its last 141 trading days. MarketPing measures each filing's price reaction against it.

Where can I track RMC SWITCHGEARS LIMITED's announcements?

Every NSE and BSE filing by RMC SWITCHGEARS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.