Rishabh Instruments Ltd

Rishabh Instruments Ltd

₹ 442 -0.52%
24 Jul - close price
About

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]

Key Points

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.

  • Market Cap 1,689 Cr.
  • Current Price 442
  • High / Low 635 / 380
  • Stock P/E 42.6
  • Book Value 146
  • Dividend Yield 0.00 %
  • ROCE 9.71 %
  • ROE 8.26 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 3.02 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 11.4% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
124.62 136.52 133.91 174.49 172.47 180.07 159.31 177.91
106.81 122.27 114.86 149.52 155.80 148.39 154.53 159.90
Operating Profit 17.81 14.25 19.05 24.97 16.67 31.68 4.78 18.01
OPM % 14.29% 10.44% 14.23% 14.31% 9.67% 17.59% 3.00% 10.12%
2.69 1.06 3.96 2.54 4.04 1.62 3.79 2.14
Interest 0.80 0.77 2.28 1.31 1.95 1.38 0.61 0.14
Depreciation 6.16 5.66 1.84 6.80 7.45 6.58 4.76 8.81
Profit before tax 13.54 8.88 18.89 19.40 11.31 25.34 3.20 11.20
Tax % 21.20% 30.63% 6.09% 22.11% 28.65% 12.35% -127.81% 79.38%
10.67 6.17 17.74 15.11 8.07 22.21 7.29 2.32
EPS in Rs 7.19 1.70 5.62 5.09 2.72 5.72 2.00 0.63
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
401 390 470 570 690
341 332 397 493 619
Operating Profit 60 58 73 77 71
OPM % 15% 15% 16% 13% 10%
9 13 10 10 12
Interest 4 4 4 6 4
Depreciation 24 21 20 20 28
Profit before tax 40 46 59 61 51
Tax % 22% 22% 16% 18% 22%
32 36 50 50 40
EPS in Rs 20.78 23.75 32.18 16.01 10.38
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 21%
TTM: 21%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 5%
TTM: -15%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 11%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 15 15 15 29 38
Reserves 269 285 326 372 521
104 106 103 106 58
101 105 118 140 164
Total Liabilities 488 510 562 647 780
181 224 220 219 270
CWIP 32 2 5 8 12
Investments 0 0 0 0 0
276 284 337 420 498
Total Assets 488 510 562 647 780

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
72 53 13 28 76
-63 -18 -14 -3 -132
21 -23 -7 -4 23
Net Cash Flow 29 11 -8 20 -33

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 56 64 62 77 68
Inventory Days 163 185 237 218 220
Days Payable 115 145 125 117 99
Cash Conversion Cycle 104 104 174 178 189
Working Capital Days 62 66 98 117 102
ROCE % 12% 15% 14% 10%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2023Dec 2023Mar 2024Jun 2024
70.68% 70.68% 70.25% 70.16%
1.66% 2.10% 0.31% 0.11%
16.55% 14.71% 14.52% 13.34%
0.00% 0.00% 0.05% 0.00%
11.10% 12.51% 14.87% 16.39%
No. of Shareholders 52,41435,85535,47839,606

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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