7,000 Per Cent Returns & Rs 850 Crore Order Book: Cable Company Bags New Order Worth Rs 108.05 Crore From The Private Contractor
The stock gave multibagger returns of 163 per cent from its 52-week low of Rs 379.05 per share and a whopping 7,000 per cent in 3 years.
RMC Switchgears Limited has secured a significant work order of Rs 108.05 crore from a private contractor for the development of distribution infrastructure in several districts of Gujarat. The project encompasses 11 KV underground cable and RMU systems, underscoring the client's trust in RMC's capabilities. This substantial order reinforces RMC's growth trajectory within the electrical infrastructure sector, promising to bolster revenue streams and solidify the company's market position. RMC remains dedicated to providing high-quality solutions and maintaining its industry leadership, expressing gratitude to investors and stakeholders for their ongoing support.
RMC Switchgears is a leading electrical infrastructure solutions provider, specializing in manufacturing electrical enclosures to prevent theft and electrocution. Renowned for its smart meter enclosures, RMC supports utilities across India in initiatives like RDSS. Offering comprehensive solutions from manufacturing to O&M, RMC is a trusted partner for AMISPs, utilities, and state entities. Expanding into renewable energy, RMC focuses on solar and green energy EPC and IPP solutions, aligning with India's clean energy transition. This complements its core infrastructure business, extending to water management infrastructure using IoT.
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Revenue from operations surged by 19.86 per cent YoY to Rs 104.78 crore in H1FY25, compared to Rs 87.42 crore in H1FY24. This robust growth was fuelled by consistent performance across business products and verticals, notably driven by the progress in ongoing Electrical EPC projects aimed at reducing T&D losses. The company achieved a 25.68 per cent growth in Profit after Tax (PAT), reaching Rs 10.13 crore compared to Rs 8.06 crore in the previous year.
The company has a market cap of Rs 971 crore with order book exceeding Rs 850 crore. The shares of the company have an ROE of 31 per cent and an ROCE of 32 per cent. The stock gave multibagger returns of 163 per cent from its 52-week low of Rs 379.05 per share and a whopping 7,000 per cent in 3 years. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.