Income Statement RMC Switchgears Limited

Stocks

RMC

INE655V01019

Electrical Components & Equipment

Delayed Bombay S.E. 12:35:58 01/10/2026 +03			5-day change	1st Jan Change
210.15 ^INR	-0.10%		-6.21%	-51.13%

09-16	RMC Switchgears Limited Announces Appointment of Tarun Kumar Sharma as Senior Management Personnel, Effective September 16, 2026	CI
09-08	Rmc Switchgears Limited Receives Letter of Award from Mahavitran Maharashtra State Electricity Distribution Co. Ltd. for Inr 149.8659 Million Contract	CI

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Published financial data: RMC SWITCHGEARS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Revenues	416M	1.25B	1.73B	3.18B	4.02B
Other Revenues, Total	-	1K	-	-	-
Total Revenues	416M	1.25B	1.73B	3.18B	4.02B
Cost of Goods Sold, Total	266M	750M	969M	2.25B	3.07B
Gross Profit	149M	503M	757M	936M	943M
Selling General & Admin Expenses, Total	20.25M	54.42M	121M	170M	215M
Depreciation & Amortization - (IS)	28.06M	28.01M	28.25M	31.12M	45.27M
Other Operating Expenses	69.89M	185M	295M	233M	257M
Other Operating Expenses, Total	118M	267M	444M	434M	517M
Operating Income	30.94M	236M	313M	501M	426M
Interest Expense, Total	-23.16M	-53.99M	-67.88M	-67.96M	-108M
Interest And Investment Income	3.2M	3.68M	7.5M	10.8M	16.16M
Net Interest Expenses	-19.96M	-50.31M	-60.38M	-57.16M	-92.21M
Currency Exchange Gains (Loss)	-	-	437K	764K	-
Other Non Operating Income (Expenses)	-7.53M	-15.57M	-18.54M	-19.21M	-30.16M
EBT, Excl. Unusual Items	3.44M	170M	235M	426M	303M
Gain (Loss) On Sale Of Assets	-	-277K	-	700K	147K
Insurance Settlements	-	-	-	-	193K
Other Unusual Items	-	-	-20.49M	-	-
EBT, Incl. Unusual Items	3.44M	170M	214M	427M	304M
Income Tax Expense	-2.33M	52.13M	65.32M	112M	79.54M
Earnings From Continuing Operations	5.77M	117M	149M	315M	224M
Net Income to Company	5.77M	117M	149M	315M	224M
Minority Interest	-	-	1K	-99K	956K
Net Income - (IS)	5.77M	117M	149M	315M	225M
Net Income to Common Incl Extra Items	5.77M	117M	149M	315M	225M
Net Income to Common Excl. Extra Items	5.77M	117M	149M	315M	225M
Per Share Items
Net EPS - Basic	0.63	12.65	14.44	30.29	21.33
Basic EPS - Continuing Operations	0.63	12.65	14.44	30.29	21.33
Basic Weighted Average Shares Outstanding	9.14M	9.28M	10.31M	10.38M	10.56M
Net EPS - Diluted	0.63	12.65	14.44	30.29	21.33
Diluted EPS - Continuing Operations	0.63	12.65	14.44	30.29	21.33
Diluted Weighted Average Shares Outstanding	9.14M	9.28M	10.31M	10.38M	10.56M
Normalized Basic EPS	0.24	11.43	14.23	25.63	18.05
Normalized Diluted EPS	0.24	11.43	14.23	25.63	18.05
Dividend Per Share	-	-	0.2	-	-
Payout Ratio	-	-	1.38	-	-
Supplemental Items
EBITDA	56.29M	262M	340M	531M	469M
EBITA	30.94M	236M	313M	501M	426M
EBIT	30.94M	236M	313M	501M	426M
EBITDAR	56.32M	266M	351M	547M	481M
Total Revenues (As Reported)	422M	1.26B	1.73B	3.19B	4.03B
Effective Tax Rate - (Ratio)	-67.59	30.75	30.5	26.25	26.19
Total Current Taxes	0	48.83M	62.88M	108M	80.64M
Total Deferred Taxes	-2.33M	3.3M	2.44M	693K	-1.09M
Normalized Net Income	2.15M	106M	147M	266M	191M
Interest Capitalized	-	39.8B	-	-	-
Interest on Long-Term Debt	-	-	-	-	1.14M
Non-Cash Pension Expense	-1.73M	1.54M	4.18M	-1.7M	518K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	-	-	-	79.74M
Net Rental Expense, Total	32K	3.97M	11.59M	15.73M	12.26M
Imputed Operating Lease Interest Expense	14.7K	2.88B	13.05M	15.76M	8.38M
Imputed Operating Lease Depreciation	17.3K	-2.87B	-1.47M	-23.28K	3.89M
Maintenance & Repair Expenses, Total	1.42M	3.15M	16.08M	11.79M	8.02M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	8.12M
Total Stock-Based Compensation	-	-	-	-	8.12M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Assets
Cash And Equivalents	1.11M	45.86M	20.79M	97.43M	24.72M
Total Cash And Short Term Investments	1.11M	45.86M	20.79M	97.43M	24.72M
Accounts Receivable, Total	242M	571M	915M	1.48B	2.05B
Other Receivables	-	-	14.92M	-	286M
Notes Receivable	19.5M	17.37M	14.35M	8.03M	3.17M
Total Receivables	261M	588M	944M	1.49B	2.34B
Inventory	133M	88.33M	103M	201M	185M
Prepaid Expenses	10.63M	28.55M	31.91M	31.06M	38.94M
Other Current Assets, Total	93.8M	77.97M	150M	354M	282M
Total Current Assets	500M	829M	1.25B	2.17B	2.87B
Gross Property Plant And Equipment	474M	499M	492M	616M	634M
Accumulated Depreciation	-182M	-203M	-217M	-241M	-72.86M
Net Property Plant And Equipment	291M	296M	275M	375M	561M
Long-term Investments	-	-	-	-	510K
Other Intangibles, Total	994K	619K	802K	676K	30.15M
Deferred Charges Long-Term	4.03M	2.69M	1.26M	760K	-
Other Long-Term Assets, Total	33.36M	37.32M	25.28M	140M	205M
Total Assets	829M	1.17B	1.55B	2.69B	3.67B
Liabilities
Accounts Payable, Total	82M	115M	191M	758M	626M
Accrued Expenses, Total	1.34M	44.96M	35.08M	19.55M	23.52M
Short-term Borrowings	139M	208M	252M	370M	1.37B
Current Portion of Long-Term Debt	73.94M	70.77M	89.57M	53.13M	86.88M
Current Portion of Leases	-	-	-	-	1.31M
Current Income Taxes Payable	-	-	26.94M	28.07M	14.42M
Other Current Liabilities	30M	62.55M	166M	198M	58.77M
Total Current Liabilities	326M	501M	761M	1.43B	2.18B
Long-Term Debt	202M	186M	157M	163M	137M
Long-Term Leases	-	-	-	-	21.05M
Pension & Other Post Retirement Benefits	1.46M	3.57M	8.89M	7.68M	7.24M
Deferred Tax Liability Non Current	14.38M	17.68M	20.12M	20.82M	18.41M
Other Non Current Liabilities	1K	-	-1K	1K	1K
Total Liabilities	544M	708M	947M	1.62B	2.36B
Common Stock, Total	60.92M	68.72M	103M	106M	106M
Additional Paid In Capital	107M	154M	119M	268M	286M
Retained Earnings	114M	232M	379M	693M	913M
Comprehensive Income and Other	2.95M	2.95M	2.95M	2.95M	-1K
Total Common Equity	285M	457M	604M	1.07B	1.3B
Minority Interest	-	-	489K	1.78M	1.79M
Total Equity	285M	457M	604M	1.07B	1.31B
Total Liabilities And Equity	829M	1.17B	1.55B	2.69B	3.67B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	9.14M	10.31M	10.31M	10.55M	10.58M
ECS Total Common Shares Outstanding	9.14M	10.31M	10.31M	10.55M	10.58M
Book Value / Share	31.2	44.35	58.59	101.39	123.34
Tangible Book Value	284M	457M	603M	1.07B	1.27B
Tangible Book Value Per Share	31.1	44.29	58.51	101.33	120.49
Total Debt	415M	465M	499M	586M	1.61B
Net Debt	414M	419M	478M	489M	1.59B
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.46M	3.57M	8.89M	7.68M	10.3M
Debt Equivalent Oper. Leases	256K	31.75M	92.7M	126M	98.1M
Minority Interest, Total (Incl. Fin. Div)	-	-	489K	1.78M	1.79M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	82.88M	44.51M	72.09M	151M	54.23M
Inventories - Work In Process, Total	20.47M	25.41M	22.63M	25.39M	17.4M
Inventories - Finished Goods, Total	23.42M	13.29M	4.39M	11.87M	104M
Inventories - Others	5.92M	5.12M	3.81M	12.49M	9.5M
Land - (BS)	2.45M	2.45M	2.45M	2.45M	2.28M
Buildings, Total	85.76M	85.76M	85.76M	86.01M	243M
Machinery, Total	261M	280M	265M	306M	341M
Full Time Employees	111	120	405	302	281
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	984K	984K	984K

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Net Income	5.77M	117M	149M	315M	225M
Depreciation & Amortization - CF	25.35M	26.32M	26.45M	29.74M	45.06M
Depreciation & Amortization, Total	25.35M	26.32M	26.45M	29.74M	45.06M
Amortization of Deferred Charges, Total - (CF)	2.72M	1.69M	373K	126K	215K
Minority Interest in Earnings - (CF)	-	-	1K	-99K	-956K
(Gain) Loss From Sale Of Asset	-	-	20.49M	-	-147K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	-	-	-	-	8.12M
Other Operating Activities, Total	23.85M	71.29M	86.32M	75.62M	108M
Change In Accounts Receivable	57.92M	-329M	-344M	-568M	-570M
Change In Inventories	-44.79M	44.36M	-14.59M	-98.11M	16.08M
Change In Accounts Payable	3.71M	32.77M	76.38M	567M	59.13M
Change in Other Net Operating Assets	-47.42M	76.2M	77.42M	-165M	-6.89M
Cash from Operations	27.12M	41.01M	77.76M	156M	-116M
Capital Expenditure	-22.94M	-32.35M	-31.86M	-130M	-221M
Sale of Property, Plant, and Equipment	3M	-	5.34M	1.09M	212K
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-48.03M
Net (Increase) Decrease in Loans Originated / Sold - Investing	1.4M	-3.09M	3.45M	-64.31M	-
Other Investing Activities, Total	-4.82M	4.16M	17.87M	-38.51M	16.06M
Cash from Investing	-23.36M	-31.28M	-5.2M	-232M	-253M
Short Term Debt Issued, Total	28.13M	65.66M	63.19M	81.42M	490M
Long-Term Debt Issued, Total	-	-	-	5.75M	-
Total Debt Issued	28.13M	65.66M	63.19M	87.17M	490M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-4.81M	-15.67M	-28.81M	-	-26.99M
Total Debt Repaid	-4.81M	-15.67M	-28.81M	-	-26.99M
Issuance of Common Stock	-	7.8M	-	151M	-
Issuance of Preferred Stock	-	-	-	-	1.25M
Common Dividends Paid	-	-	-2.06M	-	-
Common & Preferred Stock Dividends Paid	-	-	-2.06M	-	-
Other Financing Activities, Total	-30.66M	-22.76M	-85.93M	-85.91M	-139M
Cash from Financing	-7.35M	35.02M	-53.61M	153M	325M
Miscellaneous Cash Flow Adjustments	1K	-	-	-	-2K
Net Change in Cash	-3.58M	44.75M	18.95M	76.64M	-43.93M
Supplemental Items
Cash Interest Paid	23.12M	69.56M	86.42M	87.2M	139M
Cash Income Tax Paid (Refund)	-	52.13M	65.33M	112M	94.3M
Levered Free Cash Flow	-20.59M	-66.48M	-56.48M	-93.35M	-633M
Unlevered Free Cash Flow	-6.11M	-32.73M	-14.05M	-50.87M	-565M
Change In Net Working Capital	30.58M	176M	205M	264M	663M
Net Debt Issued / Repaid	23.31M	49.98M	34.38M	87.17M	463M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Profitability
Return on Assets	2.35	14.77	14.41	14.78	8.34
Return on Total Capital	2.82	18.16	19.32	22.7	10.82
Return On Equity %	2.04	31.63	28.05	37.54	18.84
Return on Common Equity	2.04	31.63	28.06	37.58	18.95
Margin Analysis
Gross Profit Margin %	35.89	40.14	43.86	29.4	23.47
SG&A Margin	4.87	4.34	7	5.36	5.35
EBITDA Margin %	13.54	20.92	19.67	16.7	11.68
EBITA Margin %	7.44	18.81	18.14	15.76	10.6
EBIT Margin %	7.44	18.81	18.14	15.76	10.6
Income From Continuing Operations Margin %	1.39	9.37	8.62	9.89	5.58
Net Income Margin %	1.39	9.37	8.62	9.89	5.61
Net Avail. For Common Margin %	1.39	9.37	8.62	9.89	5.61
Normalized Net Income Margin	0.52	8.47	8.5	8.36	4.74
Levered Free Cash Flow Margin	-4.95	-5.31	-3.27	-2.93	-15.75
Unlevered Free Cash Flow Margin	-1.47	-2.61	-0.81	-1.6	-14.06
Asset Turnover
Asset Turnover	0.5	1.26	1.27	1.5	1.26
Fixed Assets Turnover	1.41	4.26	6.04	9.79	8.23
Receivables Turnover (Average Receivables)	1.54	3.08	2.32	2.65	2.27
Inventory Turnover (Average Inventory)	2.42	6.79	10.14	14.78	15.92
Short Term Liquidity
Current Ratio	1.53	1.65	1.64	1.52	1.32
Quick Ratio	0.74	1.23	1.25	1.11	1.08
Operating Cash Flow to Current Liabilities	0.08	0.08	0.1	0.11	-0.05
Days Sales Outstanding (Average Receivables)	237.77	118.38	157.48	137.52	160.62
Days Outstanding Inventory (Average Inventory)	151.07	53.79	36.11	24.7	22.92
Average Days Payable Outstanding	93.99	50.9	56.91	73.92	71.2
Cash Conversion Cycle (Average Days)	294.86	121.27	136.68	88.3	112.34
Long Term Solvency
Total Debt/Equity	145.51	101.7	82.6	54.73	123.56
Total Debt / Total Capital	59.27	50.42	45.24	35.37	55.27
LT Debt/Equity	70.8	40.73	26.04	15.22	12.1
Long-Term Debt / Total Capital	28.84	20.19	14.26	9.84	5.41
Total Liabilities / Total Assets	65.61	60.78	61.05	60.17	64.39
EBIT / Interest Expense	1.34	4.37	4.61	7.38	3.93
EBITDA / Interest Expense	2.43	4.85	5	7.82	4.34
(EBITDA - Capex) / Interest Expense	1.44	4.25	4.53	5.9	2.3
Total Debt / EBITDA	7.37	1.77	1.47	1.1	3.43
Net Debt / EBITDA	7.35	1.6	1.41	0.92	3.38
Total Debt / (EBITDA - Capex)	12.44	2.02	1.62	1.46	6.47
Net Debt / (EBITDA - Capex)	12.41	1.82	1.55	1.22	6.38
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	13.4	201.42	37.81	84.3	26.39
Gross Profit, 1 Yr. Growth %	4.55	237.15	51.87	26.31	1.11
EBITDA, 1 Yr. Growth %	-12.31	365.46	29.62	56.31	-10.08
EBITA, 1 Yr. Growth %	-24.3	661.79	32.87	60.14	-13.43
EBIT, 1 Yr. Growth %	-24.3	661.79	32.87	60.14	-13.43
Earnings From Cont. Operations, 1 Yr. Growth %	28.28	1.93K	26.8	111.34	-26.87
Net Income, 1 Yr. Growth %	28.28	1.93K	26.8	111.27	-26.54
Normalized Net Income, 1 Yr. Growth %	76.65	4.83K	38.21	81.4	-26.8
Diluted EPS Before Extra, 1 Yr. Growth %	28.28	1.9K	18.39	109.78	-27.9
Accounts Receivable, 1 Yr. Growth %	-19.33	136.09	60.26	62.09	38.38
Inventory, 1 Yr. Growth %	50.96	-33.43	16.52	95.33	-8
Net Property, Plant and Equip., 1 Yr. Growth %	-1.85	1.62	-7.08	36.14	35.4
Total Assets, 1 Yr. Growth %	1.47	40.56	33.13	73.36	35.21
Tangible Book Value, 1 Yr. Growth %	2.29	60.66	32.12	77.26	19
Common Equity, 1 Yr. Growth %	2.07	60.32	32.11	77.14	21.73
Cash From Operations, 1 Yr. Growth %	-68.52	51.22	-2.42K	100.62	-200.56
Capital Expenditures, 1 Yr. Growth %	-38.03	41.04	-1.53	308.86	30.23
Levered Free Cash Flow, 1 Yr. Growth %	-244.53	222.93	-48.88	65.28	22.35
Unlevered Free Cash Flow, 1 Yr. Growth %	-117.44	435.94	-81.69	262.02	18.54
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-16.35	84.88	103.81	59.37	52.52
Gross Profit, 2 Yr. CAGR %	-18.64	87.75	125.31	36.98	12.81
EBITDA, 2 Yr. CAGR %	-15.83	102.04	145.63	42.39	17.46
EBITA, 2 Yr. CAGR %	-26.56	140.14	218.15	45.87	16.6
EBIT, 2 Yr. CAGR %	-26.56	140.14	218.15	45.87	16.6
Earnings From Cont. Operations, 2 Yr. CAGR %	38.56	410.9	407.95	63.7	22.71
Net Income, 2 Yr. CAGR %	38.56	410.9	407.95	63.67	22.97
Normalized Net Income, 2 Yr. CAGR %	-27.81	833.42	725.62	58.34	13.98
Diluted EPS Before Extra, 2 Yr. CAGR %	50.17	406.85	378.22	57.59	21.53
Accounts Receivable, 2 Yr. CAGR %	-20.8	38.01	94.51	61.17	49.77
Inventory, 2 Yr. CAGR %	16.8	0.25	-11.93	50.86	34.06
Net Property, Plant and Equip., 2 Yr. CAGR %	1.31	-0.13	-2.83	12.47	42.8
Total Assets, 2 Yr. CAGR %	-4.91	19.42	36.8	51.92	53.76
Tangible Book Value, 2 Yr. CAGR %	2.09	28.2	45.69	53.03	45.36
Common Equity, 2 Yr. CAGR %	1.85	27.92	45.54	52.98	46.97
Cash From Operations, 2 Yr. CAGR %	-35.7	-31.01	69.33	581.59	22.13
Capital Expenditures, 2 Yr. CAGR %	8	-6.51	17.85	100.65	163.67
Levered Free Cash Flow, 2 Yr. CAGR %	210.19	116.03	65.64	-8.08	234.66
Unlevered Free Cash Flow, 2 Yr. CAGR %	-55.84	-3.34	51.7	-18.58	533.97
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-31.93	28.24	67.63	97.09	47.45
Gross Profit, 3 Yr. CAGR %	-35.01	30.69	74.44	84.42	23.65
EBITDA, 3 Yr. CAGR %	-23.87	48.85	74.25	111.32	21.41
EBITA, 3 Yr. CAGR %	-33.6	60.17	97.15	153.08	21.79
EBIT, 3 Yr. CAGR %	-33.6	60.17	97.15	153.08	21.79
Earnings From Cont. Operations, 3 Yr. CAGR %	-46.43	239.31	221.07	279.2	24.06
Net Income, 3 Yr. CAGR %	-46.43	239.31	221.07	279.16	24.23
Normalized Net Income, 3 Yr. CAGR %	-59.03	195.12	393.81	398.19	21.54
Diluted EPS Before Extra, 3 Yr. CAGR %	-46.16	256.12	208.41	263.36	20.47
Accounts Receivable, 3 Yr. CAGR %	-21.83	13.99	45.06	83.04	53.19
Inventory, 3 Yr. CAGR %	5.17	-3.16	5.4	14.85	27.94
Net Property, Plant and Equip., 3 Yr. CAGR %	0.32	1.41	-2.51	8.73	23.74
Total Assets, 3 Yr. CAGR %	-7.99	8.32	23.83	48.04	46.55
Tangible Book Value, 3 Yr. CAGR %	1.78	18.75	29.49	55.54	40.8
Common Equity, 3 Yr. CAGR %	1.66	18.48	29.3	55.39	41.84
Cash From Operations, 3 Yr. CAGR %	1.19	-14.49	-3.36	79.18	225.66
Capital Expenditures, 3 Yr. CAGR %	10.22	18.05	-4.88	78.4	89.88
Levered Free Cash Flow, 3 Yr. CAGR %	-31.7	214.37	58.28	65.52	78.89
Unlevered Free Cash Flow, 3 Yr. CAGR %	-43.16	1.49	-26.25	102.71	94.52
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-3.9	8.55	5.55	39.89	61.42
Gross Profit, 5 Yr. CAGR %	-11.9	4	6.87	32.94	45.88
EBITDA, 5 Yr. CAGR %	-0.02	24.55	21.63	46.23	48.84
EBITA, 5 Yr. CAGR %	-5.55	27.13	24.26	54.29	59.79
EBIT, 5 Yr. CAGR %	-5.55	27.13	24.26	54.29	59.79
Earnings From Cont. Operations, 5 Yr. CAGR %	-17.74	36.01	31.72	153.5	118.53
Net Income, 5 Yr. CAGR %	-17.74	36.01	31.72	153.48	118.71
Normalized Net Income, 5 Yr. CAGR %	22.49	47.64	36.21	130.06	174.71
Diluted EPS Before Extra, 5 Yr. CAGR %	-23	31.25	28.97	155.17	112.49
Accounts Receivable, 5 Yr. CAGR %	0.52	11.33	12.57	30.93	46.92
Inventory, 5 Yr. CAGR %	32.49	4.79	-2.03	15.63	16.04
Net Property, Plant and Equip., 5 Yr. CAGR %	4.59	0.08	-0.95	5.7	13.58
Total Assets, 5 Yr. CAGR %	6.94	7.38	7.83	24.01	35.03
Tangible Book Value, 5 Yr. CAGR %	15.6	14.41	17.48	31.43	35.62
Common Equity, 5 Yr. CAGR %	15.51	14.35	17.35	31.23	36.1
Cash From Operations, 5 Yr. CAGR %	-9.4	78.65	24.33	18.92	6.13
Capital Expenditures, 5 Yr. CAGR %	-3.9	-16.3	13.21	45.95	43.02
Levered Free Cash Flow, 5 Yr. CAGR %	-15.39	-14.24	-2.66	112.79	113.55
Unlevered Free Cash Flow, 5 Yr. CAGR %	-24.65	-22.32	-15.83	10.19	74.38