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 ₹ 1,848 Cr.
- Current Price ₹ 485
- High / Low ₹ 635 / 402
- Stock P/E 35.6
- Book Value ₹ 135
- Dividend Yield 0.00 %
- ROCE 13.7 %
- ROE 12.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 3.58 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -0.43%
- Company has a low return on equity of 13.1% 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
Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|
401 | 390 | 470 | 570 | 686 | |
341 | 332 | 397 | 493 | 608 | |
Operating Profit | 60 | 58 | 73 | 77 | 78 |
OPM % | 15% | 15% | 16% | 13% | 11% |
9 | 13 | 10 | 10 | 12 | |
Interest | 4 | 4 | 4 | 6 | 5 |
Depreciation | 24 | 21 | 20 | 20 | 26 |
Profit before tax | 40 | 46 | 59 | 61 | 59 |
Tax % | 22% | 22% | 16% | 18% | |
32 | 36 | 50 | 50 | 53 | |
EPS in Rs | 20.78 | 23.75 | 32.18 | 16.01 | 15.53 |
Dividend Payout % | -0% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 12% |
TTM: | 21% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 15% |
TTM: | -1% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | % |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 13% |
Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|
Equity Capital | 15 | 15 | 15 | 29 | 38 |
Reserves | 269 | 285 | 326 | 372 | 478 |
104 | 106 | 103 | 106 | 69 | |
101 | 105 | 118 | 140 | 425 | |
Total Liabilities | 488 | 510 | 562 | 647 | 1,010 |
181 | 224 | 220 | 219 | 211 | |
CWIP | 32 | 2 | 5 | 8 | 30 |
Investments | 0 | 0 | 0 | 0 | 0 |
276 | 284 | 337 | 420 | 768 | |
Total Assets | 488 | 510 | 562 | 647 | 1,010 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|
72 | 53 | 13 | 28 | |
-63 | -18 | -14 | -3 | |
21 | -23 | -7 | -4 | |
Net Cash Flow | 29 | 11 | -8 | 20 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|
Debtor Days | 56 | 64 | 62 | 77 |
Inventory Days | 163 | 185 | 237 | 218 |
Days Payable | 115 | 145 | 125 | 117 |
Cash Conversion Cycle | 104 | 104 | 174 | 178 |
Working Capital Days | 62 | 66 | 98 | 117 |
ROCE % | 12% | 15% | 14% |
Documents
Announcements
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Compliance Certificate Under Regulation 40 (9)
1d - Compliance Certificate under Regulation 40 (9) for the year ended March 31, 2024.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
22 Apr - Allotment of ESOPs under ESOP Plan 2022 - Scheme B
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Certificate Under Regulation 7 (3) Of The SEBI (LODR) Regulations, 2015
15 Apr - Certificate under Regulation 7 (3) of SEBI (LODR) for the year ended March 31, 2024.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Compliance Certificate under Regulation 74 (5) of SEBI (DP) Regulations for the quarter ended March 31, 2024.
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Announcement under Regulation 30 (LODR)-Investor Presentation
4 Apr - Revised Result Update Presentation for Quarter and Nine Months ended December 31, 2023 with corrections on Page 7 and Page 33.
Concalls
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Apr 2024TranscriptNotesPPT
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Mar 2024Transcript PPT
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Feb 2024TranscriptNotesPPT REC
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Oct 2023TranscriptPPT
Overview[1]
Incorporated in 1982, Rishabh Instruments Limited is engaged in the business of manufacturing, design, and development of Test and Measuring Instruments and Industrial Control Products.