Rs 700+ crore order book: Smart Meter & Solar Solution Provider receives order of Rs 61,08,18,000 from Saatvik Cleantech EPC Pvt Ltd

On Thursday, shares of RMC Switchgears Ltd gained 1.4 per cent to Rs 804.95 per share from its previous closing of Rs 794.05 per share. The company has a market cap of over Rs 800 crore with an order book exceeding Rs 700 crore.

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RMC Switchgears Limited's subsidiary, RMC Green Energy Private Limited, has received a Letter of Intent from Saatvik Cleantech EPC Pvt Ltd. for a 41 MW MSEDCL project. The contract, valued at Rs 61,08,18,000, involves the supply, installation, testing, and commissioning (SITC) of the project, with specifications and terms agreed upon during a meeting. Due to confidentiality obligations, detailed commercial terms remain undisclosed.

About the Company

RMC Switchgears is a key player in electrical infrastructure solutions, specialising in anti-theft and safety-enhancing electrical enclosures, and is a prominent name in the smart meter enclosure market. The company offers manufacturing, installation, and O&M services, and is eyeing the ₹9 trillion investment in India's transmission sector through its EPC model. RMC is also expanding into renewable energy with solar EPC, green energy projects, and IPP solutions, and plans a 1 GW solar module manufacturing plant. Additionally, it's moving into water management infrastructure with IoT integration, providing custom solutions to DISCOMs, aiming to boost efficiency and support India's power security and sustainable infrastructure goals.

RMC Switchgears Limited announced a consolidated Profit Before Tax (PBT) of Rs 12.44 crore for Q1 FY2025–26, reflecting significant year-on-year growth. This aligns with its strong revenue trajectory, as the company previously reported consolidated revenues of Rs 86.14 crore for Q1, a substantial increase of over 165 per cent from the Rs 34.04 crore achieved in the same period last year.

This growth was driven by robust order execution across its Electrical EPC and Electrical Products segments, leading to higher revenue recognition and stable operating margins. Additionally, strategic investments, including an infusion of Rs 2.6 crore into its wholly-owned subsidiary, RMC Green Energy Private Limited, strengthened solar module manufacturing capacity through backwards integration, aiming to reduce costs and improve margins in the green energy vertical.

The shares of the company have an ROE of 31 per cent and an ROCE of 32 per cent. The stock is up by 55.4 per cent from its 52-week low of Rs 518 per share and has given multibagger returns of over 8,000 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.