RMC Switchgears Limited | 𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗣𝗹𝗮𝘆𝗲𝗿 𝗶𝗻 𝘁𝗵𝗲 𝗣𝗼𝘄𝗲𝗿 𝗜𝗻𝗳𝗿𝗮𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲 𝗦𝗽𝗮𝗰𝗲

𝗥𝗲𝗰𝗲𝗻𝘁 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁:

RMC Switchgears has secured a significant order worth INR 108 Cr for developing distribution infrastructure in Gujarat State. This win is expected to contribute to the company's growth momentum.

𝗖𝗼𝗺𝗽𝗮𝗻𝘆 𝗦𝗻𝗮𝗽𝘀𝗵𝗼𝘁:

- Incorporated: 1994

- Business: Manufactures and designs enclosures for energy meters, distribution boxes, and panels, as well as undertakes works related to energy transmission lines and electric substations.

- Market Capitalization: INR 970 Crore (as of Feb 3, 2025)

- Share Price: INR 941 (as of Feb 3, 2025)

- TTM PE: 57.2x (as of Feb 3, 2025)

- Retail Float: 22.8% (as of Sep 2024)

𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲:

- Operating Profit Uptrend: 2-year and 1-year operating profit growth indicates a positive trend.

- Growth Outlook: Aiming for over 30% CAGR growth in the next 3-5 years, with a vision to become an INR 5000 Cr enterprise by 2030.

𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗦𝗲𝗻𝘁𝗶𝗺𝗲𝗻𝘁:

- Highly Competitive Sector: RMC Switchgears operates in a competitive space, which may impact its market share and profitability.

- Growth Potential: The company's strong order book, growth outlook, and commitment to expanding its capacity make it an attractive investment opportunity.