Synopsis: The company’s share made a sharp recovery in today’s day trade, after it announced receipt of this order, leading to an increase in order book and revenue visibility.
The shares of this company, which began its operation in the manufacturing of LV panels & enclosures, which evolved to a broad suite of offerings across the solar and electrical infrastructure value chain, made a day high after 8 percent rise upon receiving a new work order.
With a market capitalization of Rs. 578.97 Crore, RMC Switchgears Ltd’s shares on Friday made a day high of Rs.565 per share, recovering by 8.2 percent from its day low of Rs. 522.10 per share. The share has given a multibagger return of 5,055 percent over a period of five years.
RMC Switchgears Ltd has received a domestic order worth Rs. 27.77 crore from Rajasthan Rajya Vidyut Prasaran Nigam Limited, for the Supply, Erection, Testing & Commissioning (ETC) Contract, to be executed in eighteen months, the transaction being a non-party related transaction.
The order work is related to Construction of 132 kV GSS, KAPARDA SEZ (Distt. Jodhpur) along with associated line (LILO of 132 kV S/C Bilara- Jhalamand Line to GSS, KAPARDA SEZ) and construction of 132 kV S/C Bhawad-Kirmarsariya Line along with 01 No. of 132 kV bay at each, Bhawad and Kirmarsariya GSS including supply of all equipments/materials (Except Power Transformer).
The order will be adding to the revenue generated from company’s different business segments as of H1 FY26, Electrical products has contributed Rs.49.66 crore (~22 percent), Electrical EPC has contributed Rs. 57.49 crore (~26 percent) and Solar EPC contributed Rs.114.46 crore (~ 52 percent).
About the Business
Incorporated in 1994, RMC Switchgears Limited has evolved from a small enclosures company with a 5,000 sq. ft. production facility to becoming a leader in India’s power technology revolution, with its production facility now expanding to 8,00,000 sq. ft. The company has undergone a significant transformation from a traditional manufacturer of electrical enclosures into a comprehensive energy solutions provider.
Financial highlights revenue from operations grew by 111.5 percent YoY from Rs, 104.78 crore in H1 FY25 to Rs.221.61 crore in H1 FY26. EBITDA grew by 71.46 percent, from Rs. 19.83 crore in H1 FY25 to Rs. 34 crore in H1 FY26. Accompanied by Net profit growth of 97.93 percent from Rs.10.13 crore in H1 FY25 to Rs. 20.05 crore in H1 FY26.
Mr. Ashok Kumar Agarwal, MD & Chairman of the company stated that they see immense potential in smart metering, with over 250 million replacement anticipated over the next five years, RMC is well positioned to play a meaningful role in this national opportunity. In addition, their 1 GW solar module manufacturing plant is moving toward commissioning. The company has great future prospects, with its strong financial performance and healthy work inflows.
Written by Gourav Pratap Singh
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