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RMC Switchgears share price & results

RMC Switchgears Limited· Capital Goods· Industrials

Results to
Jun 2026
Latest analysed call
Q4 FY26
Ownership as of
Jun 2026

Jaipur-based electrical enclosures maker turned integrated power-infrastructure player spanning smart meter enclosures/feeder pillars, electrical EPC, solar EPC and (upcoming) solar module manufacturing.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue31.9 ₹ crore−58.0% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin19.7 %+10.8 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit1.2 ₹ crore−54.5% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equityUnavailable−18.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.
Free cash flow margin-8.49 %−7.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)Unavailable−58.5 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

1 of 3 judged targets kept · 8 open · verdicts reflect calls analysed to Q4 FY26.

RMC Switchgears Limited management guidance track record on Inve: 11 targets tracked across analysed earnings calls (1 achieved, 2 missed, 8 open).

TargetOriginal wordingSaidLatest callVerdict
Strategic FocusWater projects have been put on hold to focus on the electrical sector.
Call transcript, Q2 FY26 · 21 Nov 2025		Q2 FY26Q4 FY26:Confirmed the strategic decision: 'we are not going ahead with the water management now anymore, because we are focusing on energy now.'
Call transcript, Q4 FY26 · 11 Jun 2026		Achieved
Order Inflow (Transmission)Receive Letter of Award (LOA) 'soon' for ₹70 crore L1 tenders.
Call transcript, Q2 FY26 · 21 Nov 2025		Q2 FY26Q4 FY26:No update was provided on the status of this specific ₹70 crore LOA in the subsequent earnings call.
Call transcript, Q4 FY26 · 11 Jun 2026		Ghosted
PulseBox OrdersExpect to get some orders for PulseBox in six to eight months.
Call transcript, Q2 FY26 · 21 Nov 2025		Q2 FY26Q4 FY26:At the ~7-month mark (June 2026), management reported discussions are only now moving 'towards formal specification and tender-oriented evaluation.' No orders confirmed, suggesting the original timeline is unlikely to be met.
Call transcript, Q4 FY26 · 11 Jun 2026		At Risk

Source: Inve Guidance Tracker for RMC Switchgears Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of RMC Switchgears Limited's 11 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 8 more targets are in the full ledger.

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Price

₹191.52 −0.47% · −₹0.9

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −72.6% 1Y

₹200₹400₹600Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 21 Nov 2025Q4 FY26 — 11 Jun 2026

1Y: ₹699.7 on 24 Oct 2025 → ₹191.52. High ₹720.1 (3 Nov 2025), low ₹184.33 (9 Oct 2026).

Previous close
₹192.42
Market cap
₹205 Cr
52-week range
₹184.33 – ₹720.1
One year
−73.11%
Price to earnings (FY ending Mar 2026)
9.37×
Return on equity (FY ending Mar 2026)
18.31%

Overview

Symbol
NSE:RMC
Industry
Industrials
Exchange
NSE
Currency
INR

What RMC Switchgears Limited does

Based on the company's own presentations, annual report and earnings calls.

RMC Switchgears manufactures SMC/FRP and polycarbonate electrical enclosures, smart meter boxes, distribution boxes, feeder pillars, cable trays and related low-voltage electrical products at its Chaksu (Jaipur) plant. It also executes turnkey Electrical EPC projects (underground cabling, Ring Main Units, substation work) and Solar EPC projects (rooftop, ground-mounted and PM-KUSUM agricultural solarisation). It is building a 1 GW solar module and mounting-structure manufacturing plant adjacent to its Chaksu facility to backward-integrate its Solar EPC supply chain.

Segments

  • Electrical Products
  • Electrical EPC
  • Solar EPC
  • Solar Products
Primary manufacturing facility area
90,000 sq. m. (Chaksu, Jaipur)
Total production facility area
8,00,000 sq. ft. (expanded from 5,000 sq. ft. at founding)
Smart meter enclosure capacity
3,00,000 units/year
Business verticals
4 (Electrical Products, Electrical EPC, Solar EPC, Solar Products)
Solar module manufacturing plant (under construction)
1 GW capacity, Chaksu, Jaipur
Listed platform
BSE SME Platform (since 2017)
Founded 1994Headquarters Jaipur, Rajasthan, India Company website

How the price took the results

close before → close after

Q4 FY26
−3.8%
11 Jun
Q2 FY26
+2.1%
21 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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