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RMC
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Recent events
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News
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Corporate Actions
India's RMC Switchgears jumps on bagging solar project
** RMC Switchgears RMCW.BO jumps an exchange-allowed maximum of 5% to 574.65 rupees
** Stock eyes best day in nearly a month
** Electrical components maker got order from Government of Rajasthan for installation of rooftop solar systems
** Project valued at 3.2 bln rupees (~$37 mln) and estimated capacity of 50 megawatts
** Order includes one-time revenue of 2.29 bln rupees and recurring revenue of 910 mln rupees over next 25 years
** Year-to-date, RMCW down ~51%
($1 = 86.8150 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** RMC Switchgears RMCW.BO jumps an exchange-allowed maximum of 5% to 574.65 rupees
** Stock eyes best day in nearly a month
** Electrical components maker got order from Government of Rajasthan for installation of rooftop solar systems
** Project valued at 3.2 bln rupees (~$37 mln) and estimated capacity of 50 megawatts
** Order includes one-time revenue of 2.29 bln rupees and recurring revenue of 910 mln rupees over next 25 years
** Year-to-date, RMCW down ~51%
($1 = 86.8150 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
RMC Switchgears Receives Work Order Worth 1.08 Bln Rupees
Feb 5 (Reuters) - RMC Switchgears Ltd RMCW.BO:
RECEIVES WORK ORDER WORTH 1.08 BILLION RUPEES
Source text: ID:nBSE6ZjNNq
Further company coverage: RMCW.BO
(([email protected];;))
Feb 5 (Reuters) - RMC Switchgears Ltd RMCW.BO:
RECEIVES WORK ORDER WORTH 1.08 BILLION RUPEES
Source text: ID:nBSE6ZjNNq
Further company coverage: RMCW.BO
(([email protected];;))
RMC Switchgears Receives Work Order Worth 54.2 Million Rupees
Dec 23 (Reuters) - RMC Switchgears Ltd RMCW.BO:
RMC SWITCHGEARS LTD - RECEIVES WORK ORDER WORTH 54.2 MILLION RUPEES
Source text: ID:nBSE3VlDk
Further company coverage: RMCW.BO
(([email protected];;))
Dec 23 (Reuters) - RMC Switchgears Ltd RMCW.BO:
RMC SWITCHGEARS LTD - RECEIVES WORK ORDER WORTH 54.2 MILLION RUPEES
Source text: ID:nBSE3VlDk
Further company coverage: RMCW.BO
(([email protected];;))
RMC Switchgears Receives LoA For 5,000 Solar Pumps In Maharashtra
Dec 17 (Reuters) - RMC Switchgears Ltd RMCW.BO:
RECEIVES LOA FOR 5,000 SOLAR PUMPS IN MAHARASHTRA
LOA VALUED AT 900 MILLION RUPEES FOR 5000 SOLAR PUMPS
Source text: ID:nBSE7Q2Y7l
Further company coverage: RMCW.BO
(([email protected];;))
Dec 17 (Reuters) - RMC Switchgears Ltd RMCW.BO:
RECEIVES LOA FOR 5,000 SOLAR PUMPS IN MAHARASHTRA
LOA VALUED AT 900 MILLION RUPEES FOR 5000 SOLAR PUMPS
Source text: ID:nBSE7Q2Y7l
Further company coverage: RMCW.BO
(([email protected];;))
RMC Switchgears To Establish 1 GWP Solar Module Manufacturing Plant
Dec 16 (Reuters) - RMC Switchgears Ltd RMCW.BO:
RMC SWITCHGEARS - TO ESTABLISH 1 GWP SOLAR MODULE MANUFACTURING PLANT
RMC SWITCHGEARS - PROJECT WITH ESTIMATED CAPEX OF 1 BILLION RUPEES
RMC SWITCHGEARS - PLANTS EXPECTED TO BE OPERATIONAL BY JULY 2025
Further company coverage: RMCW.BO
(([email protected];))
Dec 16 (Reuters) - RMC Switchgears Ltd RMCW.BO:
RMC SWITCHGEARS - TO ESTABLISH 1 GWP SOLAR MODULE MANUFACTURING PLANT
RMC SWITCHGEARS - PROJECT WITH ESTIMATED CAPEX OF 1 BILLION RUPEES
RMC SWITCHGEARS - PLANTS EXPECTED TO BE OPERATIONAL BY JULY 2025
Further company coverage: RMCW.BO
(([email protected];))
REFILE-Acciona, RCM to build 216 mln euro Ravenna breakwater for LNG terminal
Adds full name of Italian company in first paragraph
MILAN, Nov 12 (Reuters) - Acciona ANA.MC and Italy's RCM Costruzioni will build a breakwater to protect the new liquefied natural gas (LNG) terminal located off the port of Ravenna, in a contract worth 216 million euros ($230 million), the Spanish group said on Tuesday.
The terminal, which will be managed by Italy's gas grid operator Snam SRG.MI, is expected to be ready in the first quarter of next year.
Imports of LNG, which arrives via ships and is regasified at terminals before being transported through pipeline to domestic customers, have become a major source of supply, covering around one fourth of Italy's annual gas consumption.
Ravenna's work consists of a vertical concrete quay, with a length of 880 meters and a width of 22 meters.
The project will be located 8.5 kilometres off the coast of Punta Marina, south of the port of Ravenna in the northern Adriatic Sea, and has a completion period of 24 months.
The contract is fully covered with funds granted by Italian state lender Cassa Depositi e Prestiti (CDP) to the North Central Adriatic Sea Port Authority, the client for the contract.
Acciona, whose Italian business is headed by Luigi Patìmo, provides water supply and treatment services to more than two million people in 10 Italian regions.
It has also carried out major infrastructure projects in the country, such as the railway junction linking Bologna to the Milan-Naples high-speed rail line and the expansion of Rome Fiumicino airport.
($1 = 0.9407 euros)
(Reporting by Francesca Landini
Editing by Keith Weir)
(([email protected]; +39 02 66129437; Reuters Messaging: [email protected]))
Adds full name of Italian company in first paragraph
MILAN, Nov 12 (Reuters) - Acciona ANA.MC and Italy's RCM Costruzioni will build a breakwater to protect the new liquefied natural gas (LNG) terminal located off the port of Ravenna, in a contract worth 216 million euros ($230 million), the Spanish group said on Tuesday.
The terminal, which will be managed by Italy's gas grid operator Snam SRG.MI, is expected to be ready in the first quarter of next year.
Imports of LNG, which arrives via ships and is regasified at terminals before being transported through pipeline to domestic customers, have become a major source of supply, covering around one fourth of Italy's annual gas consumption.
Ravenna's work consists of a vertical concrete quay, with a length of 880 meters and a width of 22 meters.
The project will be located 8.5 kilometres off the coast of Punta Marina, south of the port of Ravenna in the northern Adriatic Sea, and has a completion period of 24 months.
The contract is fully covered with funds granted by Italian state lender Cassa Depositi e Prestiti (CDP) to the North Central Adriatic Sea Port Authority, the client for the contract.
Acciona, whose Italian business is headed by Luigi Patìmo, provides water supply and treatment services to more than two million people in 10 Italian regions.
It has also carried out major infrastructure projects in the country, such as the railway junction linking Bologna to the Milan-Naples high-speed rail line and the expansion of Rome Fiumicino airport.
($1 = 0.9407 euros)
(Reporting by Francesca Landini
Editing by Keith Weir)
(([email protected]; +39 02 66129437; Reuters Messaging: [email protected]))
RMC Switchgears Secures EPC, O&M Contract Worth 2.01 Bln Rupees
Oct 8 (Reuters) - RMC Switchgears Ltd RMCW.BO:
SECURED EPC, O&M CONTRACT WORTH 2.01 BILLION RUPEES
CONTRACT FOR DEVELOPMENT OF SOLAR POWER PROJECT
Source text for Eikon: ID:nBSEzk9FZ
Further company coverage: RMCW.BO
(([email protected];;))
Oct 8 (Reuters) - RMC Switchgears Ltd RMCW.BO:
SECURED EPC, O&M CONTRACT WORTH 2.01 BILLION RUPEES
CONTRACT FOR DEVELOPMENT OF SOLAR POWER PROJECT
Source text for Eikon: ID:nBSEzk9FZ
Further company coverage: RMCW.BO
(([email protected];;))
India's RMC Switchgears snaps losing run after order win
** India's RMC Switchgears RMCW.BO shares closed at an exchange-allowed maximum of 5% to 958.4 rupees
** RMCW logged gains for first time in five sessions
** Electrical components maker won order to develop 41-megawatt solar photovoltaic power project in western Maharashtra state; deal value undisclosed
** YTD stock has climbed over 58%
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** India's RMC Switchgears RMCW.BO shares closed at an exchange-allowed maximum of 5% to 958.4 rupees
** RMCW logged gains for first time in five sessions
** Electrical components maker won order to develop 41-megawatt solar photovoltaic power project in western Maharashtra state; deal value undisclosed
** YTD stock has climbed over 58%
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
RMC Switchgears Unit Gets Approval To Establish 50 MW Renewable Energy Park In Rajasthan
Aug 20 (Reuters) - RMC Switchgears Ltd RMCW.BO:
UNIT GETS APPROVAL TO ESTABLISH 50 MW RENEWABLE ENERGY PARK IN RAJASTHAN
Source text for Eikon: ID:nBSE3xxx6F
Further company coverage: RMCW.BO
(Reporting by VijayDattaram Malkar)
(([email protected];))
Aug 20 (Reuters) - RMC Switchgears Ltd RMCW.BO:
UNIT GETS APPROVAL TO ESTABLISH 50 MW RENEWABLE ENERGY PARK IN RAJASTHAN
Source text for Eikon: ID:nBSE3xxx6F
Further company coverage: RMCW.BO
(Reporting by VijayDattaram Malkar)
(([email protected];))
Rmc Switchgears Approved Issuance Of Shares Worth 150.1 Million Rupees
Aug 7 (Reuters) - RMC Switchgears Ltd RMCW.BO:
APPROVED ISSUANCE OF SHARES WORTH 150.1 MILLION RUPEES
Source text for Eikon: ID:nBSE4Hd5sY
Further company coverage: RMCW.BO
(([email protected];))
Aug 7 (Reuters) - RMC Switchgears Ltd RMCW.BO:
APPROVED ISSUANCE OF SHARES WORTH 150.1 MILLION RUPEES
Source text for Eikon: ID:nBSE4Hd5sY
Further company coverage: RMCW.BO
(([email protected];))
Rmc Switchgears To Consider Preferential Issue Of Equity Shares
Aug 1 (Reuters) - RMC Switchgears Ltd RMCW.BO:
TO CONSIDER PREFERENTIAL ISSUE OF EQUITY SHARES
Source text for Eikon: ID:nBSE71Qcrl
Further company coverage: RMCW.BO
(([email protected];))
Aug 1 (Reuters) - RMC Switchgears Ltd RMCW.BO:
TO CONSIDER PREFERENTIAL ISSUE OF EQUITY SHARES
Source text for Eikon: ID:nBSE71Qcrl
Further company coverage: RMCW.BO
(([email protected];))
RMC Switchgears Gets Order Worth About 47.6 Mln Rupees
July 9 (Reuters) - RMC Switchgears Ltd RMCW.BO:
GETS ORDER WORTH ABOUT 47.6 MILLION RUPEES
Source text for Eikon: ID:nBSE5lSVRK
Further company coverage: RMCW.BO
(([email protected];;))
July 9 (Reuters) - RMC Switchgears Ltd RMCW.BO:
GETS ORDER WORTH ABOUT 47.6 MILLION RUPEES
Source text for Eikon: ID:nBSE5lSVRK
Further company coverage: RMCW.BO
(([email protected];;))
Marco Cables & Conductors Gets Orders Worth 46.8 Million Rupees
June 19 (Reuters) - Marco Cables & Conductors Ltd MRCC.NS:
GETS ORDERS WORTH 46.8 MILLION RUPEES
GOT PURCHASE ORDER RECEIVED FROM RMC SWITCHGEARS
Source text for Eikon: ID:nNSE8DsjFF
Further company coverage: MRCC.NS
(([email protected];))
June 19 (Reuters) - Marco Cables & Conductors Ltd MRCC.NS:
GETS ORDERS WORTH 46.8 MILLION RUPEES
GOT PURCHASE ORDER RECEIVED FROM RMC SWITCHGEARS
Source text for Eikon: ID:nNSE8DsjFF
Further company coverage: MRCC.NS
(([email protected];))
RMC Switchgears Gets Order
June 4 (Reuters) - RMC Switchgears Ltd RMCW.BO:
GETS ORDER WORTH 566.8 MILLION RUPEES
Further company coverage: RMCW.BO
(([email protected];;))
June 4 (Reuters) - RMC Switchgears Ltd RMCW.BO:
GETS ORDER WORTH 566.8 MILLION RUPEES
Further company coverage: RMCW.BO
(([email protected];;))
RMC Switchgears March-Quarter Consol Profit From Continuing Operations Rises
May 27 (Reuters) - RMC Switchgears Ltd RMCW.BO:
MARCH-QUARTER CONSOL PROFIT FROM CONTINUING OPERATIONS 68.3 MILLION RUPEES VERSUS PROFIT 56 MILLION RUPEES
MARCH-QUARTER CONSOL GROSS REVENUE 1 BILLION RUPEES VERSUS 793.4 MILLION RUPEES
Source text for Eikon: ID:nBSE5cJrWv
Further company coverage: RMCW.BO
(([email protected];))
May 27 (Reuters) - RMC Switchgears Ltd RMCW.BO:
MARCH-QUARTER CONSOL PROFIT FROM CONTINUING OPERATIONS 68.3 MILLION RUPEES VERSUS PROFIT 56 MILLION RUPEES
MARCH-QUARTER CONSOL GROSS REVENUE 1 BILLION RUPEES VERSUS 793.4 MILLION RUPEES
Source text for Eikon: ID:nBSE5cJrWv
Further company coverage: RMCW.BO
(([email protected];))
RMC Switchgears Redesignates Ankit Agrawal As CEO
April 1 (Reuters) - RMC Switchgears Ltd RMCW.BO:
RMC SWITCHGEARS LTD - REDESIGNATES ANKIT AGRAWAL AS CEO
Source text for Eikon: ID:nBSE6jp438
Further company coverage: RMCW.BO
(([email protected];;))
April 1 (Reuters) - RMC Switchgears Ltd RMCW.BO:
RMC SWITCHGEARS LTD - REDESIGNATES ANKIT AGRAWAL AS CEO
Source text for Eikon: ID:nBSE6jp438
Further company coverage: RMCW.BO
(([email protected];;))
RMC Switchgears Announces Expansion Of Its Manufacturing Capacity For SMC Smart Metering Enclosures
March 11 (Reuters) - RMC Switchgears Ltd RMCW.BO:
RMC SWITCHGEARS LTD - EXPANSION OF ITS MANUFACTURING CAPACITY FOR SMC SMART METERING ENCLOSURES
RMC SWITCHGEARS LTD - ENHANCEMENT WILL ENLARGE RMC'S PRODUCTION CAPACITY BY ADDITIONAL 300,000 ENCLOSURES ANNUALLY
RMC SWITCHGEARS LTD - PROJECTED CAPITAL EXPENDITURE FOR EXPANSION IS ESTIMATED BETWEEN 70-100 MILLION RUPEES
Source text for Eikon: ID:nBSEbMSKMz
Further company coverage: RMCW.BO
(([email protected];))
March 11 (Reuters) - RMC Switchgears Ltd RMCW.BO:
RMC SWITCHGEARS LTD - EXPANSION OF ITS MANUFACTURING CAPACITY FOR SMC SMART METERING ENCLOSURES
RMC SWITCHGEARS LTD - ENHANCEMENT WILL ENLARGE RMC'S PRODUCTION CAPACITY BY ADDITIONAL 300,000 ENCLOSURES ANNUALLY
RMC SWITCHGEARS LTD - PROJECTED CAPITAL EXPENDITURE FOR EXPANSION IS ESTIMATED BETWEEN 70-100 MILLION RUPEES
Source text for Eikon: ID:nBSEbMSKMz
Further company coverage: RMCW.BO
(([email protected];))
Rmc Switchgears Says Bonus Issue Ratio Of 1:2
Sept 4 (Reuters) - RMC Switchgears Ltd RMCW.BO:
BONUS ISSUE RATIO OF 1:2
Source text for Eikon: ID:nBSE488WfP
Further company coverage: RMCW.BO
(([email protected];))
Sept 4 (Reuters) - RMC Switchgears Ltd RMCW.BO:
BONUS ISSUE RATIO OF 1:2
Source text for Eikon: ID:nBSE488WfP
Further company coverage: RMCW.BO
(([email protected];))
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Popular questions
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What does RMC Switch do?
RMC Switchgears Limited is an ISO 9001:2008 certified company specializing in designing and manufacturing enclosures for energy meters, distribution boxes, panels, junction boxes, feeder pillars, and circuit protection switchgears.
Who are the competitors of RMC Switch?
RMC Switch major competitors are Focus Lighting & Fix, Permanent Magnets, Jay Bee Laminations, Solarium Green Energ, Mehai Technology, Yash Highvoltage, Artemis Electricals. Market Cap of RMC Switch is ₹691 Crs. While the median market cap of its peers are ₹558 Crs.
Is RMC Switch financially stable compared to its competitors?
RMC Switch seems to be less financially stable compared to its competitors. Altman Z score of RMC Switch is 6.96 and is ranked 8 out of its 8 competitors.
Does RMC Switch pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. RMC Switch latest dividend payout ratio is 1.38% and 3yr average dividend payout ratio is 1.38%
How has RMC Switch allocated its funds?
Companies resources are allocated to majorly unproductive assets like Accounts Receivable
How strong is RMC Switch balance sheet?
Balance sheet of RMC Switch is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of RMC Switch improving?
Yes, profit is increasing. The profit of RMC Switch is ₹16.96 Crs for TTM, ₹14.89 Crs for Mar 2024 and ₹11.74 Crs for Mar 2023.
Is the debt of RMC Switch increasing or decreasing?
The debt of RMC Switch is decreasing. Latest debt of RMC Switch is ₹43.76 Crs as of Sep-24. This is less than Mar-24 when it was ₹46.03 Crs.
Is RMC Switch stock expensive?
RMC Switch is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of RMC Switch is 46.43, while 3 year average PE is 84.38. Also latest EV/EBITDA of RMC Switch is 11.08 while 3yr average is 9.89.
Has the share price of RMC Switch grown faster than its competition?
RMC Switch has given better returns compared to its competitors. RMC Switch has grown at ~108.47% over the last 5yrs while peers have grown at a median rate of 43.0%
Is the promoter bullish about RMC Switch?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in RMC Switch is 52.93% and last quarter promoter holding is 52.93%.
Are mutual funds buying/selling RMC Switch?
There is Insufficient data to gauge this.