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 ₹ 2,650 Cr.
- Current Price ₹ 686
- High / Low ₹ 852 / 315
- Stock P/E 60.7
- Book Value ₹ 119
- Dividend Yield 0.29 %
- ROCE 13.0 %
- ROE 9.60 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 25.3% CAGR over last 5 years
Cons
- Stock is trading at 5.75 times its book value
- Company has a low return on equity of 8.62% 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 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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 137 | 127 | 152 | 196 | 225 | 239 | 268 | 283 | |
| 116 | 104 | 132 | 164 | 178 | 204 | 207 | 220 | |
| Operating Profit | 21 | 23 | 20 | 32 | 46 | 36 | 61 | 64 |
| OPM % | 16% | 18% | 13% | 16% | 21% | 15% | 23% | 23% |
| 5 | 4 | 4 | 5 | 6 | 10 | 13 | 13 | |
| Interest | 2 | 1 | 2 | 3 | 1 | 1 | 1 | 0 |
| Depreciation | 7 | 7 | 8 | 10 | 10 | 13 | 18 | 18 |
| Profit before tax | 17 | 19 | 14 | 24 | 41 | 31 | 56 | 59 |
| Tax % | 27% | 29% | 28% | 23% | 21% | 26% | 25% | |
| 12 | 14 | 10 | 19 | 32 | 23 | 42 | 44 | |
| EPS in Rs | 8.53 | 9.23 | 7.03 | 6.39 | 8.48 | 6.09 | 10.81 | 11.34 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 18% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 11% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 31% |
| TTM: | 48% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 9% |
| 1 Year: | 66% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 9% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 29 | 38 | 38 | 39 |
| Reserves | 185 | 192 | 202 | 214 | 333 | 371 | 421 |
| 42 | 21 | 28 | 22 | 6 | 1 | 3 | |
| 25 | 31 | 36 | 40 | 35 | 40 | 43 | |
| Total Liabilities | 267 | 258 | 281 | 305 | 411 | 450 | 506 |
| 32 | 39 | 42 | 41 | 41 | 59 | 62 | |
| CWIP | 1 | 0 | 0 | 0 | 2 | 12 | 44 |
| Investments | 80 | 80 | 81 | 88 | 108 | 92 | 95 |
| 154 | 140 | 158 | 175 | 261 | 287 | 306 | |
| Total Assets | 267 | 258 | 281 | 305 | 411 | 450 | 506 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 21 | 20 | -1 | -3 | 34 | 37 | 58 | |
| -25 | 4 | -3 | 13 | -76 | -33 | -68 | |
| 12 | -31 | 5 | -9 | 57 | -2 | 1 | |
| Net Cash Flow | 8 | -7 | 1 | 2 | 16 | 2 | -9 |
| Free Cash Flow | 14 | 10 | -10 | -14 | 26 | -3 | 8 |
| CFO/OP | 120% | 99% | 28% | 15% | 87% | 130% | 119% |
Ratios
Standalone / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 60 | 70 | 49 | 69 | 49 | 49 | 53 |
| Inventory Days | 209 | 241 | 279 | 262 | 297 | 239 | 236 |
| Days Payable | 73 | 110 | 107 | 93 | 67 | 66 | 73 |
| Cash Conversion Cycle | 195 | 202 | 221 | 238 | 279 | 222 | 215 |
| Working Capital Days | 85 | 99 | 93 | 140 | 157 | 169 | 136 |
| ROCE % | 9% | 7% | 11% | 13% | 8% | 13% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Total Capacity Utilization % p.a. |
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| Installed Capacity million units p.a. |
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| Asia Revenue Share % of consolidated revenue |
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| Europe Revenue Share % of consolidated revenue |
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| HPDC Segment Revenue Share % of consolidated revenue |
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| R&D Centers count |
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Extracted by Screener AI
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
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Intimation Of Grant Of Esops By Nomination And Remuneration Committee
- NRC approved grant of 1,00,000 ESOPs at ₹250 on September 29, 2026.
- Closure of Trading Window
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
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Rumour verification - Regulation 30(11)
- Rishabh Instruments clarifies CNBC-TV18 stake-sale report on August 21, 2026; says no material event exists.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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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 2024PPT
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Mar 2024Transcript PPT
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Feb 2024PPT REC
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Oct 2023Transcript
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]