RMC Switchgears
- Market cap
- ₹ 215 Cr.
- P/E
- 8.9x
- P/B
- 1.62x
- 52-week range
- 182.56 – 530
- ROE
- 19%
- ROCE
- 22%
- Debt / equity
- 0.81
- Sector
- Electrical Equipment
- Industry
- Other Electrical Equipment
- Listed on
- NSE, BSE
About
RMC Switchgears Limited is an India-based company, which is primarily engaged in the business of Switchgear Engineering and Engineering, Procurement, and Construction (EPC) contracts for power distribution/ transmission sector. The Company has one operating segment, namely Power. Its products include Meter Box For Energy Meter, Distribution Box, Junction Box, Fiber Reinforced Polymer (FRP) Gratings, SMC / FRP Chequered, Cable Tray, SMC / FRP Sheets, Pole Mounted Street Light Boxes, FRP V-cross Arm, and Bus Bars. Its projects include Paschim Gujarat Vij Company Ltd., Jodhpur Vidyut Vitran Nigam Ltd, Hubli Electricity Supply Company Ltd, Mangalore Electricity Supply Company Ltd, Bangalore Electricity Supply Company Ltd., Maharashtra State Electricity Distribution Company Ltd, among others. The Company has one subsidiary company namely Intelligent Hydel Solutions Private Limited, which focuses on addressing India’s critical water management needs.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Electrical Equipment: 83 companies →RMC Switchgears against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)8.9 against a typical 25.5: cheaper than most peers (1st = cheapest).10th of 80
- Sales growth−77.5% against a typical +32% from a year earlier.68th of 69
- Profit growth−78.9% against a typical +15.9% from a year earlier.55th of 64
- Share price, 3 months−27% against a typical −11%.63rd of 74
- Size₹ 215 Cr. market value against a typical ₹ 553.8 Cr. (1st = largest).47th of 77
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BBB to D by 2 agencies- The company stopped sharing information with CARE.
- The agencies don't fully agree: Infomerics says BBB, Brickwork says D.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Brickwork | BWR D | — | 10 Apr 2026 |
| Infomerics | IVR BBB | Stable | 25 Feb 2026 |
| CARE | CARE D; ISSUER NOT COOPERATING* | — | 12 Nov 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 10 Apr 2026 | Rating action | BWR D | — | Brickwork | ₹ 42.14 Cr. | |
| 25 Feb 2026 | ▲ Upgrade | IVR BBB | — | Infomerics | ₹ 190 Cr. | |
| 12 Nov 2025 | Reaffirmed | CARE D | — | CARE | ₹ 46.75 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 9 Oct 2026 | Fund Raising/Other business matters | To consider Fund Raising and other business matters |
| 12 Sep 2026 | Other business matters | To consider other business matters |
| 12 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 29 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 23 Apr 2026 | Other business matters | To consider other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Sales | 166 | 85 | 37 | 143 | 37 |
| Expenses | 149 | 76 | 42 | 125 | 29 |
| Operating Profit | 17 | 9 | −5 | 18 | 8 |
| OPM % | 10.1% | 10.5% | −12.3% | 12.3% | 20.8% |
| Other Income | 0 | 0 | 0 | 1 | 0 |
| Interest | 2 | 3 | 4 | 4 | 4 |
| Depreciation | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 14 | 5 | −9 | 13 | 3 |
| Tax % | 28.4% | 25.1% | −25.2% | 28.4% | 25.1% |
| Net Profit | 10 | 4 | −7 | 9 | 2 |
| EPS in Rs | 9.33 | 3.88 | −6.7 | 8.78 | 1.98 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 47%
- TTM
- 26%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 24%
- TTM
- −29%
- 10 Years
- —
- 5 Years
- 73%
- 3 Years
- −18%
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 28%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| RMC Switchgears | ₹ 188.90 | ₹ 215 Cr. | 8.9x | 1.6x | 19% | — |
| ABB India | ₹ 6,140.00 | ₹ 1,29,936 Cr. | 95.2x | 20.3x | — | 11.6% |
| Hitachi Energy India | ₹ 26,250.00 | ₹ 1,17,002 Cr. | 139x | 27.6x | 21% | 12.1% |
| CG Power and Industrial Solutions | ₹ 814.95 | ₹ 1,24,592 Cr. | 114.8x | 17.9x | 20.4% | 9.6% |
| Polycab India | ₹ 7,415.00 | ₹ 1,11,738 Cr. | 50x | 11.1x | 25.4% | 9.3% |
| Siemens | ₹ 3,250.00 | ₹ 1,15,739 Cr. | — | 9.4x | 11.7% | 8.5% |
Management
- Ashok Kumar Agarwal
- Chairman of the Board, Managing Director
- Neha Agrawal
- Chief Financial Officer, Executive Director
- Manish Mantri
- Chief Operating Officer
- Shivani Bairathi
- Compliance Officer, Company Secretary
- Ankit Agrawal
- Whole Time Director
- Akhilesh Kumar Jain
- Additional Executive Director
- Sudhir Kumar Bishnoi
- Marketing Manager
- Sajal Kumar Ghosh
- Chief Growth Officer
Prices are delayed and for information only. Nothing on this page is investment advice.