Rmc Switchgears Ltd. · NSE:RMC
Rmc Switchgears — Q4 FY26 Earnings Presentation
51 slides from Rmc Switchgears's earnings presentation, Jun 9, 2026
Slide 1: Cover letter to stock exchanges
+91 141 4400222 www.rmcindia.in admin@rmcindia.in Date: 08.06.2026 To To Sr. General Manager Sr. General Manager Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street Mumbai - 40000
Slide 2: Investor Presentation Q4 & FY26
RMC SWITCHGE ARS LIMITED Investor Presentation From Electrical EPC to Modern Electrical Technology, Engineering Safety, Quality, and Intelligent Power Infrastructure for India. INVESTOR PRESENTATION Q4 & FY26 Chapter 1: Company Overview 04 Chapter 2: India Drivers 20 Chapter 3: Business Strategy 31
Slide 3: Forward looking statements
Q4 & FY26 INVESTOR PRESENTATION Forward looking statements This presentation and the ensuing discussion may include forward-looking statements from RMC Switchgears Ltd that are not rooted in historical data. Statements regarding new products, pilot projects, market opportunities, order pipelines, an
Slide 4: Investment Rationale
Q4 & FY26 INVESTOR PRESENTATION Investment Rationale Established company with over 30 years of experience in Robust manufacturing capabilities with the electrical and power industry. Strong leadership team spearheaded state-of-the-art facilities, quality focus by Ashok Kumar Agarwal who has and skil
Slide 5: Company Overview
Q4 & FY26 INVESTOR PRESENTATION Chapter 1 Company Overview 4
Slide 6: Empowering India, with Every Solution
Q4 & FY26 INVESTOR PRESENTATION Empowering India, From Humble Beginnings to with Every Powering a Nation: RMC has undergone a transformative journey, evolving from a small enclosures Solution company with a 5,000 sq. ft. production facility to becoming a leader in India's power technology revolution
Slide 7: Message from the Chairman & Managing Director
Q4 & FY26 INVESTOR PRESENTATION Message from the Chairman & Managing Director India is being rewired, not metaphorically, but literally. Across every state, corridor, and rooftop, the infrastructure of India's energy future is being laid down at a scale this country has never witnessed. In almost 31
Slide 8: Message from the Whole-time Director & CEO
Q4 & FY26 INVESTOR PRESENTATION Message from the Whole-time Director & CEO Let me begin with the number that matters most. In FY2026, RMC delivered Revenue from Operations of ₹402 crore, up 27% year-on-year, continuing our four-year compounding trajectory. Profit After Tax, however, moderated versus
Slide 9: Key Milestone in Our Journey
Q4 & FY26 INVESTOR PRESENTATION Key Milestone in Our Journey 2003 2009 1994 Received first order 2005 Set up a new plant for 2017 2025 from Rajasthan State manufacturing SMC Company incorporated for meter boxes Factory area increases and Polycarbonate Listed on Bombay RMC Named in Forbes Asia’s Best
Slide 10: RMC's Diverse Offerings: Our Business Verticals Snapshot
Q4 & FY26 INVESTOR PRESENTATION RMC's Diverse Offerings: Our Business Verticals Snapshot Electrical Products Electrical EPC Solar EPC Segment Smart Meter Enclosures, Feeder Pillars & T&D Infrastructure, Smart Grid & Substation Ground-Mounted Solar, Solar Pumps, What we do Distribution Boxes, Electri
Slide 11: Integrated Business Model: How our segments complement each other
Q4 & FY26 INVESTOR PRESENTATION Integrated Business Model: How our segments complement each other End-to-End Synergy for Maximum Growth & Profitability Segment Electrical Products Electrical EPC Solar EPC Delivers turnkey solar execution, Supplies smart meter enclosures, Executes T&D infrastructure,
Slide 12: RMC's Diverse Offerings: Our Product Portfolio
Q4 & FY26 INVESTOR PRESENTATION RMC's Diverse Offerings: Our Product Portfolio RMC's portfolio spans the full distribution chain — from proven enclosures, FRP, and panel products to certified intelligent technology like PulseBox — engineered for safety, quality, and modern infrastructure. SMC / FRP
Slide 13: RMC's Manufacturing Excellence
Q4 & FY26 INVESTOR PRESENTATION RMC’s Manufacturing Excellence SMC & Metal Block State-of-the-Art Facilities Our manufacturing hubs are equipped with the latest technologies, ensuring precision, efficiency, and scalability in every process. Office Admin Block Quality at the Core From raw materials t
Slide 14: Ongoing Projects
Q4 & FY26 INVESTOR PRESENTATION Ongoing Projects : Development of Distribution Infrastructure at Jalna Circle and Satara Circle of MSEDCL Cable laying work Service connection work Installation of Conductor Jumpers SUMMARY OF DETAILED SCOPE • Site Survey: Conduct site surveys in coordination with MSE
Slide 15: Steering RMC: Visionaries at the Helm
Q4 & FY26 INVESTOR PRESENTATION Steering RMC: Visionaries at the Helm Mr. Ashok Kumar Agarwal Mr. Ankit Agrawal Mrs. Neha Agarwal Mr. Kuldeep Kumar Gupta Mrs. Krati Agarwal Mr. Shriram Vishwasrao Mane Chairman & Managing Director Whole-time Director & CEO Executive Director Independent Director Inde
Slide 16: Steering RMC: Key Managerial Personnel
Q4 & FY26 INVESTOR PRESENTATION Steering RMC: Key Managerial Personnel Mr. Manish Mantri Chief Operating Officer A seasoned expert with around 30 years of diverse experience in the manufacturing and service sectors, Mr. Manish Mantri has demonstrated exceptional proficiency in project management, op
Slide 17: Team RMC: Leadership Team
Q4 & FY26 INVESTOR PRESENTATION Team RMC: Leadership Team Ashok Kumar Agarwal CMD Neha Agarwal Ankit Agrawal Akhilesh Kumar Jain WTD & CFO WTD & CEO Chief Mentor Sajal Kumar Ghosh Manish Mantri Vikash Verma Sudhir Bisnoi Business Head Chief Growth Officer COO Deputy CFO (Electricals) Manish Dhadhich
Slide 18: The Essence of RMC: Our Guiding Principles
Q4 & FY26 INVESTOR PRESENTATION The Essence of RMC: Our Guiding Principles Our Mission Innovation Driven: Innovation at the Forefront: At our core, we're always looking for better ways to serve the power sector, At RMC, we believe in the relentless pursuit of advanced pushing boundaries and challeng
Slide 19: Strong base of Pedigree Customers (1)
Q4 & FY26 INVESTOR PRESENTATION Strong base of Pedigree Customers (1) State Power Utilities J&K Power Uttar Haryana HP State Ajmer Vidyut Punjab State Dakshin Haryana Jaipur Vidyut Distribution co. Ltd Bijli Vitaran Power corporation Vitaran Nigam Power Corp Ltd Bijli Vitaran Vitaran Nigam Uttar Pra
Slide 20: Strong base of Pedigree Customers (2)
Q4 & FY26 INVESTOR PRESENTATION Strong base of Pedigree Customers (2) EPC / Smart Metering EPC (Larsen & Toubro) NCC Limited Bajaj Electricals Ashoka Buildcon TATA Projects Limited Voltas Electrical Sterling Wilson Suncity Urja Jakson Polycab Adani Energy Solutions Montecarlo Ltd Intellismart Shirdi
Slide 21: India's Drivers
Q4 & FY26 INVESTOR PRESENTATION Chapter 2 India’s Drivers 20
Slide 22: The Surge of India's Power Appetite
Q4 & FY26 INVESTOR PRESENTATION The Surge of India's Power Appetite A Decade of Investment Ahead: The Smart Metering Wave: The National Electricity Plan (2023–2032) commits an estimated Under the ₹3.03 lakh crore RDSS (₹2.8 lakh crore already ₹9.15 lakh crore to transmission, expanding the network f
Slide 23: Capitalising on India's Electrification Momentum
Q4 & FY26 INVESTOR PRESENTATION Capitalising on India's Electrification Momentum Transmission Network Expansion Universal Household Electrification India's grid, the world's largest synchronous network, has Under Saubhagya, DDUGJY, and IPDS, backed by ~₹1.85 lakh surpassed 5 lakh circuit km and will
Slide 24: Capacity Building to meet future demand
Q4 & FY26 INVESTOR PRESENTATION Capacity Building to meet future demand Need of Future Ready Transmission Network Building capacity for increasing demand from AMISPs Future-proofing the transmission network is crucial for integrating renewable energy, managing demand growth, and enhancing reliabilit
Slide 25: Building on India's Green Energy Initiatives
Q4 & FY26 INVESTOR PRESENTATION Building on India's Green Energy Initiatives Renewable Energy Ambition Additional Transformative Initiatives India targets 500 GW of non-fossil fuel capacity by 2030. Solar has surged from 3 GW (2014) to 140 GW (Jan 2026), with wind at 54.65 GW. On 29 July 2025, renew
Slide 26: Business Evolution: From Legacy Foundations to High-Value Futures
Q4 & FY26 INVESTOR PRESENTATION Business Evolution: From Legacy Foundations to High-Value Futures Embracing Our Roots: Our journey commenced with a solid grounding in enclosures, forming the backbone of our legacy. It's from this foundation that our commitment to pioneering the future of power techn
Slide 27: Making the Transformer Node Intelligent
Q4 & FY26 INVESTOR PRESENTATION Making the Transformer Node Intelligent Introducing PulseBox — India’s First IS 14772-Certified Smart LT Distribution Box India’s ₹3.03 Lakh Crore RDSS programme installed smart meters at the consumer and Distribution Transformer (DT) levels, for the first time, India
Slide 28: What PulseBox Does — And Why No One Else Can
Q4 & FY26 INVESTOR PRESENTATION What PulseBox Does — And Why No One Else Can Field-Validated. Nationally Certified. Commercially De-Risked. Transformer Failure Prevention What we have achieved (FY2025–26) Real-time busbar temperature & overload monitoring detects Proof of Concept deployed across 5+
Slide 29: Reducing Electrical Loss in Maharashtra's High-Density Zones
Q4 & FY26 INVESTOR PRESENTATION Case Studies of High-Value Solutions (1) Reducing Electrical Loss in Maharashtra's High-Density Zones Problem: Innovative Solution: ▪ Energy meters were situated in deeply recessed, poorly lit areas, ▪ Introduction of RMC's Multi Meter Boxes: These units encapsulate m
Slide 30: Safeguarding Distribution Transformer Centres in Jaipur
Q4 & FY26 INVESTOR PRESENTATION Case Studies of High-Value Solutions (2) Safeguarding Distribution Transformer Centres in Jaipur 3. Ward off street vendors and unaware individuals, Challenge & Government Guidelines: ensuring their safety. FRP (Fibre Reinforced Plastic) Fencing Advantages: ▪ Rising i
Slide 31: Making the Transformer Node Intelligent — PulseBox
Q4 & FY26 INVESTOR PRESENTATION Case Studies of High-Value Solutions (3) Making the Transformer Node Intelligent — PulseBox ▪ Safety liability eliminated: A non-conductive FRP Problem: Innovative Solution — PulseBox : enclosure, IS 14772-certified and CPRI type-tested, ▪ The LT distribution box at t
Slide 32: Business Strategy
Q4 & FY26 INVESTOR PRESENTATION Chapter 3 Business Strategy 31 31
Slide 33: Forging Ahead: RMC's Competitive Edge & Future Strategies
Q4 & FY26 INVESTOR PRESENTATION Forging Ahead: RMC's Competitive Edge & Future Strategies Rich Experience Set Us Apart: Our reach experience in the power sector highlight our enhanced capabilities and dedication, ensuring we meet stringent industry standards and always deliver our best. Undeniable C
Slide 34: Working culture at RMC
Q4 & FY26 INVESTOR PRESENTATION Working culture at RMC At RMC Switchgears, our employees are our most valuable resource. We align human resource practices with business priorities, investing in people and processes to enhance service delivery. Key Aspects of Our Working Culture: Employee Development
Slide 35: RMC's Horizon: Business Growth & Expansive Vision
Q4 & FY26 INVESTOR PRESENTATION RMC's Horizon: Business Growth & Expansive Vision Strategic Approach: Focusing on Core Strengths: At RMC, we have meticulously designed our go-to-market strategies By leveraging our certified products, engineering capability, pre- to align with both the current indust
Slide 36: Empowering a Brighter Future with RMC
Q4 & FY26 INVESTOR PRESENTATION Empowering a Brighter Future with RMC Beyond Business: From our roots in Rajasthan to a growing multi-state presence, RMC's reach now extends across northern, western, and central India, deepening our footprint within the markets we serve best. Transform Power, Transf
Slide 37: Green Initiatives RMC
Q4 & FY26 INVESTOR PRESENTATION Green Initiatives RMC Renewable Energy Integration: We have invested significantly in renewable energy, highlighted by our new 249 kW solar plant at our manufacturing facility. This initiative reduces carbon emissions and supports India's target of 450 GW of renewable
Slide 38: CSR & Community Impact
Q4 & FY26 INVESTOR PRESENTATION CSR & Community Impact Solar Street Lighting Blood Donation Camp Anushree Foundation RMC organised a Blood Donation In partnership with the Anushree Camp that collected ~400 units of Foundation, RMC installed solar- blood. With each unit able to benefit powered street
Slide 39: Women's participation across RMC
Q4 & FY26 INVESTOR PRESENTATION Women's participation across RMC 21.9% women 122 women across a total workforce of 557 Women across locations Head Office (Malviya Nagar) 13 Chaksu Plant (RMC roll) 60 Chaksu Plant (contract roll) 49 Figures represent total workforce including contract labour. Bar len
Slide 40: Financial Results
Q4 & FY26 INVESTOR PRESENTATION Chapter 4 Financial Results 39
Slide 41: Earning Snapshot (Q4 FY26: Consolidated)
Q4 & FY26 INVESTOR PRESENTATION Earning Snapshot (Q4 FY26 : Consolidated) Revenues & GP Margin (%) EBITDA & Margin (%) In ₹ crore In ₹ crore 180 22.1% 25.0% 20.00 12.3% 14.0% 160 12.0% 18.0% 20.0% 140 15.00 10.0% 120 15.0% 10.1% 8.0% 100 10.00 80 6.0% 10.0% 60 5.00 4.0% 40 5.0% 20 2.0% 165.66 142.94
Slide 42: Earning Snapshot (FY26: Consolidated)
Q4 & FY26 INVESTOR PRESENTATION Earning Snapshot (FY26 : Consolidated) Revenues & GP Margin (%) EBITDA & Margin (%) In ₹ crore In ₹ crore 450 35.0% 60.00 16.5% 18.0% 29.7% 400 30.0% 16.0% 50.00 350 23.7% 14.0% 25.0% 11.7% 300 40.00 12.0% 250 20.0% 10.0% 30.00 200 15.0% 8.0% 150 20.00 6.0% 10.0% 100
Slide 43: Earning Snapshot (5-year history FY22–FY26: Consolidated)
Q4 & FY26 INVESTOR PRESENTATION Earning Snapshot (5-year history of full year performance FY22 – FY26: Consolidated) Revenue from Operations EBITDA In ₹ crore In ₹ crore 450.0 401.6 60.0 52.4 400.0 26.4% 50.0 -10.1% 47.1 350.0 317.7 300.0 40.0 34.1 56.0% 250.0 84.3% 30.0 25.2 200.0 172.6 35.5% 150.0
Slide 44: Efficiency Ratios (Consolidated)
Q4 & FY26 INVESTOR PRESENTATION Efficiency Ratios (Consolidated) Accounts Payable & Collection Period Inventory & Net Working Capital (Days) (Days) 180 161 120 157 103 160 138 100 91 140 120 80 63 100 60 80 65 58 56 37 60 40 25 23 40 20 20 0 0 FY24 FY25 FY26 FY24 FY25 FY26 Accounts Payable (Days) Co
Slide 45: Standalone Profit and Loss Statement
Q4 & FY26 INVESTOR PRESENTATION Standalone Profit and Loss Statement (Rs. In Crore) Particulars Q4 FY26 Q4 FY25 % Change YoY FY26 FY25 % Change YoY Revenue From Operation 90.87 163.80 -44.53% 303.47 315.88 -3.93% COGS 69.47 134.46 -48.33% 224.71 222.48 1.00% Gross Profit 21.39 29.34 -27.09% 78.76 93
Slide 46: Consolidated Profit and Loss Statement
Q4 & FY26 INVESTOR PRESENTATION Consolidated Profit and Loss Statement (Rs. In Crore) Particulars Q4 FY26 Q4 FY25 % Change YoY FY26 FY25 % Change YoY Revenue From Operation 142.94 165.66 -13.72% 401.59 317.73 26.39% COGS 111.33 135.85 -18.05% 306.54 223.43 37.20% Gross Profit 31.61 29.81 6.04% 95.06
Slide 47: Standalone Balance Sheet
Q4 & FY26 INVESTOR PRESENTATION Standalone Balance Sheet (Rs. In Crore) Equity And Liabilities FY26 FY25 Assets FY26 FY25 Shareholder's Fund Non-Current Assets Equity Share Capital 10.58 10.55 Tangible Assets 41.71 34.32 Reserve and Surplus 113.33 96.57 Intangible Assets 3.01 0.07 Investments 11.89
Slide 48: Consolidated Balance Sheet
Q4 & FY26 INVESTOR PRESENTATION Consolidated Balance Sheet (Rs. In Crore) Equity And Liabilities FY26 FY25 Assets FY26 FY25 Shareholder's Fund Non-Current Assets Equity Share Capital 10.58 10.55 Tangible Assets 52.50 37.47 Reserve and Surplus 119.88 96.61 Intangible Assets 3.02 0.07 Lease Assets 3.6
Slide 49: Standalone Fund Flow Statement
Q4 & FY26 INVESTOR PRESENTATION Standalone Fund Flow Statement (Rs. In Crore) Particulars FY26 FY25 % Change YoY Shareholder's Funds 123.91 107.13 15.67% Minority Interest - - - Loan Funds 13.70 16.27 -15.79% Provisions 0.72 0.50 43.49% Deffered Tax Liabilities 1.99 1.95 2.21% Sources of Funds 140.3
Slide 50: Consolidated Fund Flow Statement
Q4 & FY26 INVESTOR PRESENTATION Consolidated Fund Flow Statement (Rs. In Crore) Particulars FY26 FY25 % Change YoY Shareholder's Funds 130.46 107.17 21.73% Minority Interest 0.18 0.16 12.36% Lease Liabilities 2.11 2.24 -5.88% Loan Funds 13.70 16.27 -15.79% Provisions 0.72 0.50 43.49% Deffered Tax Li
Slide 51: Thank You
Thank You IR Consultants – Manoj Saha rmc@dickensonworld.com www.rmcswitchgears.com Follow us Investor Relations