RMCIndustrials

RMC Switchgears Limited

Other Electrical Equipment · ISIN INE655V01019 · BSE 540358 · NSE EQ · FV ₹10
Last price
₹229
+11.02%today
What this company does

RMC Switchgears Limited operates in Other Electrical Equipment, part of the Industrials sector. It booked ₹37 cr of revenue in its latest quarter (Q1 FY27) and kept 5.6% of sales as profit.

43out of 100
Equitytale Health Score
Strained

Healthier than 43% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 234–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
46

At close. Not part of the score.

Profitability & returns52

How much profit it earns on the money it employs

Balance sheet19

How much it owes, and whether earnings cover the interest

Cash quality20

Whether reported profit actually arrives as cash

Valuation48

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 52%
No promoter shares pledged
Watch-outs
! Thin 5.6% net margin
! Low 6.4% return on equity

What if I invest in RMC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹229 +11.02%
latest close · 2026-09-17
52-wk low ₹19442 sessions so far52-wk high ₹363
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio29.1Average
LowAverageHigh
P/B ratio1.86Moderate
Below bookModerateHigh
EV / EBITDA10.5Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity6.4%Weak
WeakFairStrong ▸15%
Return on capital18.5%Strong
WeakFairStrong
Net margin5.6%Decent
ThinDecentStrong
EBITDA margin22.0%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.79Moderate
LowModerateHigh ▸1
Interest cover1.7×Risky
RiskyOkayStrong ▸5×
Current ratio1.32Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹242 cr
Book value
₹123
EPS
₹1.97
latest quarter
Net debt
₹101 cr
owes more than its cash
Enterprise value
₹343 cr
EBITDA
₹33 cr
annualised
EBIT
₹28 cr
annualised
Operating margin
18.5%
Return on assets
2.3%
Earnings yield
3.44%
P/S
1.63
Sales / share
₹140.8
Tax rate
25.2%
Face value
₹10
Shares
1.1 cr
Working capital
₹69 cr
Current assets
₹287 cr
Current liabilities
₹218 cr
Delivery %
48.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹162₹162, midpoint ₹162

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹37 cr
Other Income₹45 L
Total Income₹38 cr
Cost of Materials₹8 cr
Purchases of Stock-in-Trade₹5 cr
Inventory Change (±)₹8 cr
Employee Benefit Expense₹5 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹1 cr
Other Expenses₹4 cr
Total Expenses₹35 cr
Profit before Tax₹3 cr
Tax Expense₹70 L
Net Profit₹2 cr
Net margin on total income5.5%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹21 cr54.5%
Employee benefit expense₹5 cr12.5%
Finance costs₹4 cr10.9%
Depreciation & amortisation₹1 cr3.5%
Other expenses₹4 cr11.3%
Tax expense₹70 L1.9%
Profit for the period₹2 cr5.5%
Total income ₹38 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27
Revenue143 cr37 cr
Total income144 cr38 cr
Expenses131 cr35 cr
Profit before tax13 cr3 cr
Tax4 cr70 L
Net profit (owners' share)9 cr2 cr
Net margin (owners' share, on revenue)6.5%5.6%
EPS (₹)8.811.97
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹367 cr
Shareholder equity
₹130 cr
parent shareholders
Total debt
₹103 cr
Cash
₹2 cr
Peer comparison
Other Electrical Equipment · by market value
CompanyPriceMarket capP/E
Apar Industries Limited₹17,801₹71,507 cr38.2
Waaree Energies Limited₹2,473₹71,136 cr20.9
Premier Energies Limited₹880₹39,948 cr21.1
Emmvee Photovoltaic Power Limited₹326₹22,536 cr14.8
Mtar Technologies Limited₹7,060₹21,716 cr108.1
Diamond Power Infrastructure Limited₹376₹19,817 cr84.7
Avalon Technologies Limited₹2,230₹14,899 cr106.8
Fujiyama Power Systems Limited₹409₹12,551 cr54.4
Waaree Renewable Technologies Limited₹811₹8,463 cr18.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹0.2
ex 21 Nov 2023
ActionDetailEx-date
Dividend₹0.2 / share21 Nov 2023
Bonus issue2:113 Oct 2023
Who owns it · 2026-06-30
No pledge
Promoter
52.0%
FII / Foreign
2.7%
DII / Domestic
0.5%
Retail / others
44.9%
Smart-money activity
Bulk / block deals
SoldHRTI PRIVATE LIMITED · NSE75,397 @ ₹350.6722 Jun 26
BoughtHRTI PRIVATE LIMITED · NSE69,383 @ ₹353.0422 Jun 26
Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 10 named members
owning 52.0% between them · as of 2026-06-30
ASHOK KUMAR AGARWAL22.64%
ANKIT AGARWAL17.68%
NEHA AGARWAL6.67%
ASHOK KUMAR AGARWAL HUF3.02%
ANKIT AGARWAL HUF1.47%
ATIKA AGARWAL0.49%
PARWATI BAI AGARWALno shares
RAJENDRA KUMAR AGARWALno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹15 cr raised in Dec 2024 by selling shares to selected investors

As of Mar 2026, the company says it has spent 100% of what it set aside.

General Corporate Purposes
100%
₹3 cr of ₹3 cr
INVESTMENTS IN THE SHARESOF OR LOAN TO THE SUBISDIARY RMC GREEN ENERGY PRIVATE LIMITED AND RMC SOLAR PARK PRIVATE LIMITED
100%
₹12 cr of ₹12 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.