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    Producer manufacturing

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    Electrical products
Rishabh Instruments Limited

Rishabh Instruments Limited

674.80
INR
-27.70
(-3.94%)
21.19EPS
27.37P/E
22.23BMarket Cap
Rishabh Instruments Limited
BSE:RISHABH
(Bombay Stock Exchange)

Recent

price

674.80

P/E

ratio

27.37

div

yld

- -

ROIC.AI

2021
2022
2023
2024
2025
2026
TTM
INR
102.07
123.24
148.22
182.23
185.09
197.21
203.45
Revenue per Share
9.15
12.4
12.33
10.64
5.86
21.21
21.01
Basic EPS, GAAP
4.62
-0.68
-0.72
1.89
-2.94
-0.5
- -
Free Cash Flow per Basic Share
0.23
0.28
0.23
0.24
- -
- -
- -
Dividend per Share
75.98
86.84
102.79
146.32
159.1
193.28
- -
Book Value per Share
69.06
80.19
95.78
138.36
148.06
178.77
- -
Tangible Book Value per Share
38
38
38
37
38
38
38
Basic Weighted Avg Shares
3,875
4,678
5,627
6,790
7,074
7,580
7,831
Sales/Revenue/Turnover
10.47
12.2
10.03
6.51
3.07
12.07
11.97
Operating Margin (%)
211
200
205
276
276
357
376
Depreciation Expense
347
471
468
397
224
815
809
Net Income, GAAP
21.52
16.19
18.16
21.85
29.71
22.38
24.48
Effective Tax Rate (%)
8.96
10.06
8.32
5.84
3.17
10.76
10.33
Profit Margin (%)
1,349
1,617
2,092
3,043
3,465
3,566
- -
Working Capital
523
337
265
169
733
418
- -
LT Debt
3,021
3,461
4,087
5,638
6,140
7,491
- -
Total Equity
- -
11.2
9.65
6.07
2.23
9.08
- -
Return on Invested Capital (%)
- -
11.03
9.76
7.49
4.15
11.03
- -
Return on Capital (%)
- -
15.23
13.01
8.36
3.83
12.02
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
387
- -
LT Borrowings
- -
374
- -
LT Finance Leases
- -
44
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
38
39
39
Market Capitalization
15,367
13,480
22,231

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
5,328
- -
Cash, Cash Equivalents & STI
- -
2,033
- -
Accounts Receivable, Net
- -
1,319
- -
Inventories
- -
1,721
- -
Total Current Liabilities
- -
1,762
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
387
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
20.3%
21.99%
Free Cash Flow
- -
-161.26%
-83.03%
Net Income, GAAP
- -
48.04%
264%
Sales/Revenue/Turnover
- -
14.61%
7.16%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
1,693
1,824
1,812
1,875
7,074
2026
1,903
1,963
1,836
2,049
7,580
2027
1,983
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.95
1.07
2.04
1.65
5.86
2026
5.13
5.77
5.19
5.12
21.21
2027
4.93
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Rishabh Instruments Limited manufactures and supplies energy efficiency solutions, including electrical automation, metering, control, and protection devices; portable test and measuring instruments; solar string inverters; and precision aluminum high-pressure die-casting components. The company offers core products such as analog and digital panel meters, current transformers, protector relays, transducers, power and energy meters, temperature controllers, data loggers, programmable logic controllers, human-machine interfaces, calibrators, solar inverters, charge controllers, and SCADA software; it also provides calibration services, repair, maintenance, and electronic manufacturing services with EMI/EMC testing. Founded in 1982 and headquartered in Nashik, Maharashtra, India, Rishabh Instruments operates manufacturing facilities in India, Poland, and China, with a global presence across more than 100 countries through over 350 authorized dealers, serving industries including automotive, pharmaceuticals, nuclear, telecommunications, and energy. Subsidiaries include wholly owned Lumel SA in Poland, which supplies advanced electronics for industrial automation; step-down subsidiary Microsys spol. s r.o. in Czech Republic, acquired in August 2024 for 13.48 million euros to expand product portfolio; and Lumel Alucast for die-casting solutions. Recent developments encompass Lumel SA securing a 5 million euro contract in June 2025 with a Germany-based energy company for customized electronics through 2026; receiving a 12.8 crore rupee subsidy in 2023 under the European Funds for Modern Economy for innovative energy devices; ongoing expansion of Nashik manufacturing unit started in 2024; and Q1 FY26 revenue growth of 12.4% year-over-year to 190.3 crore rupees alongside execution of a five-year innovation roadmap and solar inverter market expansion.