ALFA Finder| Revenue growth | 27% YoY; 10x growth over 4 years to ₹401.6Cr. |
|---|---|
| Margins | Compressed in FY26 due to costs; structural fixes implemented. |
| Order book | Confirmed >₹800Cr; active tenders >₹1,500Cr. |
| Demand visibility | High; backed by ₹9.15 lakh crore national transmission plan. |
| Management confidence | Strong; pivoting to tech-led infrastructure solutions. |
Growth
10x revenue increase from FY22 (₹41.6Cr) to FY26 (₹401.6Cr). FY26 PAT moderated due to input cost inflation.
Outlook
Order book exceeds ₹800Cr with ₹1,500Cr active tenders. Scaling three verticals: Electrical EPC, Products, and PulseBox IoT.
Risks
Commodity inflation (copper, steel), 9% Rupee depreciation against USD, and Red Sea crisis impacted FY26 margins.
Last quarter's promises, checked
Delivered
- Guided H1 FY26 Revenue ₹221.61Cr → delivered ₹221.61Cr (= BEAT)
- Guided H1 FY26 EBITDA 15.34% → delivered 15.34% (= BEAT)
- Guided H1 FY26 Debt-to-Equity 0.59x → delivered 0.59x (= BEAT)
Partly delivered
- Guided ₹825Cr order pipeline → delivered >₹800Cr order book (= PARTIAL)
Missed
- Guided 30% CAGR target → delivered 27% YoY FY26 revenue growth (= MISS)
Earnings Call filed with NSE, NSE: RMC. Summary written with AI assistance from the document.
RMC Switchgears Ltd: key numbers
- Share price
- ₹174.20
- Market cap
- ₹184.3 Cr
- Revenue (annual)
- ₹401.6 Cr
- Net profit (annual)
- ₹22.32 Cr
- P/E (TTM)
- 9.3×Sector 44.3×
- Promoter holding
- 51.94%-0.03% QoQ
- FII holding
- 2.06%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from RMC Switchgears Ltd
All →RMC Switchgears Bags ₹3.94 Cr Order from M.P. Poorv Kshetra Vidhyut Vitraran Co. Ltd.
RMC Switchgears won a ₹3.94 Crore LOA from MP Poorv Kshetra Vidhyut Vitraran for LT distribution boxes. Execution is due over 36 months.
- Value
- ₹3.94 Cr
- From
- M.P. Poorv Kshetra Vidhyut Vitraran Co. Ltd.
- Execution
- 36 Months
RMC Switchgears Board Meeting Date
RMC Switchgears will hold a board meeting on 14 November 2026 to consider unaudited standalone and consolidated half-year results ended September 2026. Trading window is closed until 48 hours after results declaration.
RMC Switchgears Management Change
RMC Switchgears Limited has appointed Mr. Dilip Panjwani as an Independent Director. This appointment was approved by shareholders through a postal ballot.
RMC Switchgears Annual General Meeting
RMC Switchgears Limited announced postal ballot voting results, approving the purchase of industrial land from a related party and the appointment of an Independent Director.
RMC Switchgears Other Announcement
RMC Switchgears Ltd has filed its quarterly shareholding pattern as mandated under SEBI regulations. The disclosure provides details on promoter and public shareholding for the quarter.
RMC Switchgears Fund Raise of ₹30 Cr
RMC Switchgears' Board approved a rights issue of up to ₹30 Crore to equity shareholders. Specific terms including price and record date to be determined later.
- Value
- ₹30.00 Cr