FIIs & DIIs Increased Stake: This Smart Metering Solution Provider Bags Order Worth Rs 4,76,00,000; Stock Gains Over 3,800 per cent!

The company’s shares have delivered an impressive return of over 110 per cent in just 1 year only.

Incorporated in 1994, RMC Switchgears Ltd specializes in Switchgear Engineering and ECI contracts for the power distribution and transmission sectors. Recently, the company disclosed the acquisition of a substantial work order from Trade World Exim LLP. This involves supplying, installing, and maintaining solar panels and inverters for a 1.35 MWp Plant in Rajasthan. The contract is valued at approximately Rs 4.76 crore (inclusive of GST) and is scheduled for completion within 8 months.

RMC Switchgears Ltd shares closed the day at around Rs 660 per share. The company’s current market capitalization stands at Rs 680.35 crore. The stock has delivered a multibagger return of over 3800 per cent in just 3 years.

As per the Quarterly Results, in the fourth quarter of FY24, RMC Switchgears Ltd recorded a revenue of Rs 85 crore. The operating profit for Q4 FY24 stood at Rs 14 crore. The net profit for Q4 FY24 was Rs 7 crore. Looking at the annual performance, the company generated a revenue of Rs 173 crore in FY24, compared to Rs 125 crore in FY23. The operating profit for FY24 was Rs 34 crore with a net profit of Rs 15 crore.

RMCSL, an ISO-certified company, specializes in researching, designing, and manufacturing electronic smart energy meter enclosures, distribution boxes, panels, and other electrical safety and distribution equipment. The company utilizes materials such as plastics, fiber-reinforced plastics, and sheet metals for its products. RMC Switchgears provides comprehensive solutions, including Engineering, Procurement, and Construction (EPC) services, offering end-to-end solutions in the electrical sector.

Investors must keep this Small-Cap stock on their radar.

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