Rishabh Instruments Ltd
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]
- Market Cap ₹ 1,627 Cr.
- Current Price ₹ 423
- High / Low ₹ 490 / 201
- Stock P/E 40.9
- Book Value ₹ 113
- Dividend Yield 0.00 %
- ROCE 8.20 %
- ROE 6.01 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 3.74 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 8.03% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Electrical Equipment Other Electrical Equipment
Part of BSE Allcap BSE Industrials
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 137 | 127 | 152 | 196 | 225 | 239 | 257 | |
| 116 | 104 | 132 | 164 | 178 | 204 | 199 | |
| Operating Profit | 21 | 23 | 20 | 32 | 46 | 36 | 58 |
| OPM % | 16% | 18% | 13% | 16% | 21% | 15% | 23% |
| 5 | 4 | 4 | 5 | 6 | 10 | 12 | |
| Interest | 2 | 1 | 2 | 3 | 1 | 1 | 0 |
| Depreciation | 7 | 7 | 8 | 10 | 10 | 13 | 17 |
| Profit before tax | 17 | 19 | 14 | 24 | 41 | 31 | 53 |
| Tax % | 27% | 29% | 28% | 23% | 21% | 26% | |
| 12 | 14 | 10 | 19 | 32 | 23 | 40 | |
| EPS in Rs | 8.53 | 9.23 | 7.03 | 6.39 | 8.48 | 6.09 | 10.36 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 16% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 31% |
| TTM: | 112% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 90% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 8% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 29 | 38 | 38 | 38 |
| Reserves | 185 | 192 | 202 | 214 | 333 | 371 | 397 |
| 42 | 21 | 28 | 22 | 6 | 1 | 4 | |
| 25 | 31 | 36 | 40 | 35 | 40 | 35 | |
| Total Liabilities | 267 | 258 | 281 | 305 | 411 | 450 | 475 |
| 32 | 39 | 42 | 41 | 41 | 59 | 66 | |
| CWIP | 1 | 0 | 0 | 0 | 2 | 12 | 24 |
| Investments | 80 | 80 | 81 | 88 | 108 | 92 | 92 |
| 154 | 140 | 158 | 175 | 261 | 287 | 292 | |
| Total Assets | 267 | 258 | 281 | 305 | 411 | 450 | 475 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 21 | 20 | -1 | -3 | 34 | 37 | |
| -25 | 4 | -3 | 13 | -76 | -33 | |
| 12 | -31 | 5 | -9 | 57 | -2 | |
| Net Cash Flow | 8 | -7 | 1 | 2 | 16 | 2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 60 | 70 | 49 | 69 | 49 | 49 |
| Inventory Days | 209 | 241 | 279 | 262 | 297 | 239 |
| Days Payable | 73 | 110 | 107 | 93 | 67 | 66 |
| Cash Conversion Cycle | 195 | 202 | 221 | 238 | 279 | 222 |
| Working Capital Days | 85 | 99 | 93 | 140 | 157 | 169 |
| ROCE % | 9% | 7% | 11% | 13% | 8% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 12 Feb
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Update Of Audio Recording For Earnings Conference Call For Q3 - FY 2025-26
6 Feb - Audio recording of Q3 FY2025-26 earnings call uploaded on company website; transcript forthcoming.
- Announcement under Regulation 30 (LODR)-Investor Presentation 6 Feb
- Announcement under Regulation 30 (LODR)-Newspaper Publication 6 Feb
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Statement On Deviation Or Variation Of Funds Under Regulation 32 Of SEBI (LODR) Regulations, 2015.
5 Feb - Rs750m public issue; deviations in allocation/utilization for Nashik facilities; shareholder approval dated 13-Sep-2024; utilized amounts disclosed.
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT
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Apr 2024TranscriptAI SummaryPPT
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Mar 2024Transcript PPT
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Feb 2024TranscriptAI SummaryPPT REC
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Oct 2023TranscriptPPT
Business Segments
1) Aluminium High-Pressure Die-Castings (: [1] The company offers precision High-Pressure Die-Casting (HPDC) for applications in industries like automotive, industrial automation, telecommunication, consumer durables, etc. [2]