| 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
- ₹221.70
- Market cap
- ₹234.6 Cr
- Revenue (annual)
- ₹401.6 Cr
- Net profit (annual)
- ₹22.32 Cr
- P/E (TTM)
- 11.9×Sector 45.9×
- Promoter holding
- 51.97%+0.00% QoQ
- FII holding
- 2.70%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from RMC Switchgears Ltd
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- Value
- ₹22.20 Cr