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RMC Switchgears Ltd

RMC

RMC Switchgears Ltd

RMC
IndustrialsElectrical Components & Equipments
SmallcapWith a market cap of ₹829 cr, stock is ranked 1,577
High RiskStock is 3.84x as volatile as Nifty
929.5510.00% (+84.50)
929.5510.00% (+84.50)

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1D
1W
1M
1Y
5Y
Max
SIP
IndustrialsElectrical Components & Equipments
SmallcapWith a market cap of ₹829 cr, stock is ranked 1,577
High RiskStock is 3.84x as volatile as Nifty

How to use scorecard? Learn more

IndustrialsElectrical Components & Equipments
SmallcapWith a market cap of ₹829 cr, stock is ranked 1,577
High RiskStock is 3.84x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
13.720.02%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
50.667.190.53%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

RMC Switchgears is engaged in business of designing and manufacturing of enclosures of energy meters,low tension/high tension distribution boxes and panels,junction boxes,feeder pillars and other power distribution and circuit protection switchgears

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

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Financial YearFY 2023FY 2024TTM
Total Revenue125.73173.46
Raw Materialssubtract74.5894.14
Power & Fuel Costsubtract1.711.70
Employee Costsubtract5.048.98
Selling & Administrative Expensessubtract7.5118.50
Operating & Other expensessubtract10.1817.26
Depreciation/Amortizationsubtract2.802.83
Interest & Other Itemssubtract6.968.64
Taxes & Other Itemssubtract5.216.53
EPS11.3914.44
DPS0.000.20
Payout ratio0.000.01

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2018

Annual report

PDF

Investor Presentation

Dec 8PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsElectrical Components & Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
RMC Switchgears Ltd55.7613.720.02%
Polycab India Ltd61.5513.320.41%
Havells India Ltd85.4814.590.52%
Apar Industries Ltd49.3510.510.50%

Price Comparison

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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

No institutional holdings trend are available

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding52.93%0.00%0.91%3.38%42.78%

Sep 2023

Oct 2023

Mar 2024

Sep 2024

Shareholding History

Dec '22MarSepOctMarSep0.00%0.00%0.74%0.74%2.69%3.38%

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateNov 21, 2023

Interim
Interim | Div/Share: ₹0.20

Dividend/Share

0.20

Ex DateEx Date

Nov 21, 2023

News & Opinions
Corporate
RMC Switchgears to table results

RMC Switchgears will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Spotlight
RMC Switchgears hits the roof on securing Rs 201-cr solar project in Maharashtra

The consortium has received three separate EPC contracts along with three-year operations and maintenance (O&M) contracts in the Ahmednagar district of Maharashtra. According to company, 'These new orders not only reinforce RMC Switchgears role in advancing renewable energy but also significantly contribute to India's climate action commitments under the Paris Agreement. The company is actively pursuing additional tenders exceeding 500 MWp and engaging with both public and private sector entities to achieve its ambitious goal of securing 1 GWp in renewable energy.' By collaborating with installation and commissioning experts across multiple states and leveraging its in-house team of skilled designers and supervisors, RMC is positioning itself at the forefront of the green energy revolution. The company's expansion into solar projects helps reduce carbon emissions, fosters economic growth, and creates green jobs, thereby contributing to India's goal of achieving 450 GW of renewable energy capacity by 2030, it added. With a dedicated business development unit continuously seeking new opportunities, RMC's efforts in the renewable sector are aligned with India's ambitious environmental targets. This initiative underscores RMC's commitment to innovation and sustainability, highlighting its role in helping India meets its climate goals and positioning the country as a global leader in renewable energy technologies. Ankit Agrawal, CEO and whole-time director, RMC Switchgears, said: 'These contracts represent a significant step forward for us, enhancing our presence in Maharashtra as we work to broaden our impact in the renewable energy sector. The development of these 46` MW (AC) solar photovoltaic projects not only underscores our commitment to driving the transition from fossil fuels to sustainable energy sources but also aims to provide a sustainable and reliable power supply to farmers in the region.' RMC Switchgears is primarily engaged in the business of `Switchgear Engineering', `ECI contracts for power distribution/ transmission sector'. The company reported standalone net profit of Rs 9.38 crore in H1 FY24 as against Rs 6.14 crore posted in H1 FY23. Net sales stood at Rs 87.42 crore in H1 FY24, up 50.6% year on year. The company has current market capitalisation of Rs 813.38 crore on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
RMC Switchgears to conduct AGM

RMC Switchgears announced that the 30th Annual General Meeting (AGM) of the company will be held on 28 September 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
RMC Switchgears revises board meeting date

RMC Switchgears has revised the meeting of the Board of Directors which was scheduled to be held on 29 August 2024. The meeting will now be held on 31 August 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
RMC Switchgears to conduct board meeting

RMC Switchgears will hold a meeting of the Board of Directors of the Company on 29 August 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live
Spotlight
RMC Switchgears hits life high on nod to set up 50 MW renewable energy park in Rajasthan

The arm will set up the 50 MW renewable energy park under the Rajasthan Renewable Energy Policy 2023. The company said that this milestone further cements the parent company's entry into the Solar Park business, operating as a renewable IPP (Independent Power Producer). RMC is actively pursuing additional tenders exceeding 600 MWp and is engaging with both public and private sector entities to achieve the ambitious goal of securing 1 GWp in EPC contracts over the next 18 months, it added. By collaborating with installation and commissioning experts across multiple states and leveraging their in-house team of skilled designers and supervisors, RMC is positioning itself at the forefront of the green energy revolution. 'This strategic initiative not only reinforces RMC Switchgears role in advancing renewable energy but also contributes significantly to India's climate action commitments under the Paris Agreement. With a dedicated Business Development unit continuously seeking new opportunities, RMC's efforts in the renewable sector are aligned with India's goal of achieving 450 GW of renewable energy capacity by 2030,' the company stated in the press release. The company's expansion into solar projects helps reduce carbon emissions, foster economic growth, and create green jobs, thereby positioning India as a global leader in renewable energy technologies. This initiative underscores RMC's commitment to innovation and sustainability, highlighting its role in helping India meet its environmental targets, added the firm. Ankit Agrawal, CEO and whole-time director of RMC Switchgears, said, This approval marks a pivotal step in our journey as we transition into a renewable energy company, with solar plants as IPPs and EPC contracts for solar as our primary focus. Establishing its first 50 MW Renewable Energy Park is a testament to our commitment to participating in the strategic fossil energy substitution within India.' RMC Switchgears is primarily engaged in the business of `Switchgear Engineering', `ECI contracts for power distribution/ transmission sector'. The company's consolidated net profit jumped 21.96% to Rs 6.83 crore on 26.73% rise in revenue from operations to Rs 85.21 crore in Q4 FY24 over Q4 FY23. The counter hit an all-time high of Rs 937.90 in today's session. Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
RMC Switchgears announces board meeting date

RMC Switchgears will hold a meeting of the Board of Directors of the Company on 7 August 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live

Up to 1,100% returns! 23 SME wealth creators that delivered solid returns in FY23

1 year agoBusiness Today

RMC Switchgears receives new order worth Rs14.24 crore from Eastern Power

2 years agoIndia Infoline

RMC Switchgears stock hits 52-week high on receipt of order worth Rs230.23 crore

2 years agoIndia Infoline