Rishabh Instruments
RISHABH NSE
Rishabh Instruments
Capital GoodsNSE: RISHABH BSE: 543977 Other Electrical Equipment
Key Fundamentals
MicrocapOther Electrical EquipmentCapital GoodsMarket Cap
₹3,192 Cr
Volatility
High Risk
P/E Ratio
39.52
EBITDA
₹147 Cr
Return on Equity
10.98%
Debt to Equity
0.11
Book Value
₹192.53
52W High
₹852
52W Low
₹315
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has delivered good profit growth of 18.6% CAGR over last 5 years
Weaknesses
2- Stock is trading at 4.29 times its book value
- Company has a low return on equity of 8.24% over last 3 years.
Growth Rate
Revenue Growth
8.29% lower than
3Y
Net Income Growth
292% higher than
3Y
Cash Flow Change
67.02% higher than
3Y
ROE
221% higher than
3Y
ROCE
170% higher than
3Y
EBITDA Margin (Avg.)
116% higher than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 172 | 180 | 159 | 178 | 169 | 182 | 181 | 187 | 190 | 196 | 184 | 205 | 198 |
| Expenses | 156 | 148 | 155 | 160 | 162 | 172 | 167 | 171 | 162 | 163 | 152 | 172 | 165 |
| Operating Profit | 17 | 32 | 5 | 18 | 8 | 10 | 14 | 16 | 28 | 33 | 31 | 33 | 33 |
| OPM % | 10% | 18% | 3% | 10% | 4.5% | 6% | 8% | 9% | 15% | 17% | 17% | 16% | 17% |
| Other Income | 4 | 2 | 4 | 2 | 4 | 3 | 5 | 3 | 4 | 5 | 6 | 6 | 4 |
| Interest | 2 | 1 | 1 | 0 | 1 | 2 | 1 | 2 | 1 | 1 | 1 | 2 | 1 |
| Depreciation | 7 | 7 | 5 | 9 | 6 | 6 | 7 | 8 | 8 | 9 | 10 | 10 | 9 |
| PBT | 11 | 25 | 3 | 11 | 5 | 6 | 11 | 9 | 24 | 29 | 26 | 28 | 27 |
| Tax % | 29% | 12% | -128% | 79% | 30% | 29% | 28% | 32% | 18% | 23% | 21% | 27% | 27% |
| Net Profit | 8 | 22 | 7 | 2 | 3 | 4 | 8 | 6 | 20 | 22 | 21 | 20 | 19 |
| EPS in Rs | 2.72 | 5.72 | 2 | 0.63 | 0.95 | 1.08 | 2.19 | 1.64 | 5.13 | 5.77 | 5.19 | 5.11 | 4.92 |
Profit & Loss
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 401 | 390 | 470 | 570 | 690 | 720 | 775 | 783 |
| Expenses | 341 | 332 | 397 | 493 | 618 | 671 | 648 | 652 |
| Operating Profit | 60 | 58 | 73 | 77 | 72 | 49 | 127 | 131 |
| OPM % | 15% | 15% | 16% | 13% | 10% | 7% | 16% | 17% |
| Other Income | 9 | 13 | 10 | 10 | 12 | 14 | 21 | 20 |
| Interest | 4 | 4 | 4 | 6 | 5 | 6 | 6 | 5 |
| Depreciation | 24 | 21 | 20 | 20 | 28 | 28 | 36 | 38 |
| PBT | 40 | 46 | 59 | 61 | 51 | 30 | 106 | 109 |
| Tax % | 22% | 22% | 16% | 18% | 22% | 30% | 22% | — |
| Net Profit | 32 | 36 | 50 | 50 | 40 | 21 | 82 | 82 |
| EPS in Rs | 20.78 | 23.75 | 32.18 | 16.01 | 10.38 | 5.83 | 21.15 | 20.99 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 29 | 38 | 38 | 39 |
| Reserves | 269 | 285 | 326 | 372 | 521 | 573 | 706 |
| Borrowings | 104 | 106 | 103 | 106 | 58 | 100 | 81 |
| Other Liabilities | 101 | 105 | 118 | 140 | 162 | 177 | 176 |
| Total Liabilities | 488 | 510 | 562 | 647 | 779 | 887 | 1,002 |
| Fixed Assets | 181 | 224 | 220 | 219 | 265 | 311 | 371 |
| CWIP | 32 | 2 | 5 | 8 | 17 | 32 | 52 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 276 | 284 | 337 | 420 | 496 | 544 | 579 |
| Total Assets | 488 | 510 | 562 | 647 | 779 | 887 | 1,002 |
Cash Flow
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating | 72 | 53 | 13 | 28 | 76 | 65 | 108 |
| Investing | -63 | -18 | -14 | -3 | -115 | -63 | -74 |
| Financing | 21 | -23 | -7 | -4 | 23 | 37 | -28 |
| Net Cash Flow | 29 | 11 | -8 | 20 | -16 | 39 | 6 |
| Free Cash Flow | 25 | 18 | -2 | -1 | 7 | -11 | -2 |
| CFO/OP | 135 | 104 | 33 | 53 | 122 | 159 | 105 |
Ratios
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 56 | 64 | 62 | 77 | 68 | 68 | 62 |
| Inventory Days | 163 | 185 | 237 | 218 | 219 | 195 | 213 |
| Days Payable | 115 | 145 | 125 | 117 | 99 | 98 | 91 |
| Cash Conversion Cycle | 104 | 104 | 174 | 178 | 189 | 165 | 184 |
| Working Capital Days | 8 | 16 | 44 | 66 | 79 | 75 | 73 |
| ROCE % | — | 12% | 15% | 14% | 10% | 5% | 14% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Rishabh Instruments insights
59 extracted metrics + investor summaries across FY20–FY26.
Documents
1
Clarification sought from Rishabh Instruments Ltd
3 Jul - Exchange has sought clarification from Rishabh Instruments Ltd on July 03, 2026, with reference to Movement in Volume. 3 Jul - Exchange has sought clarification from Rishabh Instruments Ltd on July 03, 2026, with reference to Movement in Volume.
2
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
16 Apr - Lumel SA secured a €3 million order from a German energy company, valid through end-2027. 16 Apr - Lumel SA secured a €3 million order from a German energy company, valid through end-2027.
3
Announcement under Regulation 30 (LODR)-Credit Rating
8 Apr - CRISIL affirmed Rishabh Instruments’ bank facility ratings: BBB+/Stable, A2 on Rs16.3 crore facilities. 8 Apr - CRISIL affirmed Rishabh Instruments’ bank facility ratings: BBB+/Stable, A2 on Rs16.3 crore facilities.
Frequently Asked Questions about Rishabh Instruments
What does Rishabh Instruments Ltd do?
Rishabh Instruments limited, with an experience of nearly three decades is an organization that has built its core competence in manufacturing, design and development of Test and Measuring Instruments and Industrial Control Products on strong fundamentals; in terms of people, infrastructure and f...
Where is Rishabh Instruments Ltd (RISHABH) listed?
Rishabh Instruments Ltd trades as RISHABH on the NSE and under code 543977 on the BSE.
Which sector does Rishabh Instruments Ltd belong to?
Rishabh Instruments Ltd is classified under the Capital Goods sector, in the Other Electrical Equipment industry.
What is the market capitalisation of Rishabh Instruments Ltd?
Rishabh Instruments Ltd has a market capitalisation of ₹3,192 Cr, which places it in the Small Cap band.
What is the PE ratio of Rishabh Instruments Ltd?
Rishabh Instruments Ltd trades at a PE ratio of 39.52, against a book value of ₹192.53 per share.
What is the 52-week high and low of Rishabh Instruments Ltd?
Over the last 52 weeks Rishabh Instruments Ltd has traded between ₹315 and ₹852.
Does Rishabh Instruments Ltd pay dividends?
Rishabh Instruments Ltd has a dividend yield of 0.25%.
What is the Return on Equity (ROE) of Rishabh Instruments Ltd?
Rishabh Instruments Ltd reported a return on equity of 10.98%. Its debt-to-equity ratio is 0.11.
Company Information
Rishabh Instruments limited, with an experience of nearly three decades is an organization that has built its core competence in manufacturing, design and development of Test and Measuring Instruments and Industrial Control Products on strong fundamentals; in terms of people, infrastructure and financials. The company provides a hands-on, value driven, professional environment considering people its most important asset.[1]
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