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 ₹ 1,293 Cr.
- Current Price ₹ 338
- High / Low ₹ 635 / 332
- Stock P/E 37.5
- Book Value ₹ 146
- Dividend Yield 0.00 %
- ROCE 9.81 %
- ROE 8.25 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- 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.
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 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|
401 | 390 | 470 | 570 | 690 | 687 | |
341 | 332 | 397 | 493 | 618 | 625 | |
Operating Profit | 60 | 58 | 73 | 77 | 72 | 62 |
OPM % | 15% | 15% | 16% | 13% | 10% | 9% |
9 | 13 | 10 | 10 | 12 | 11 | |
Interest | 4 | 4 | 4 | 6 | 5 | 3 |
Depreciation | 24 | 21 | 20 | 20 | 28 | 26 |
Profit before tax | 40 | 46 | 59 | 61 | 51 | 44 |
Tax % | 22% | 22% | 16% | 18% | 22% | |
32 | 36 | 50 | 50 | 40 | 35 | |
EPS in Rs | 20.78 | 23.75 | 32.18 | 16.01 | 10.38 | 9.30 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 21% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 4% |
TTM: | -22% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -27% |
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 | 161 | |
Total Liabilities | 488 | 510 | 562 | 647 | 778 |
181 | 224 | 220 | 219 | 265 | |
CWIP | 32 | 2 | 5 | 8 | 17 |
Investments | 0 | 0 | 0 | 0 | 0 |
276 | 284 | 337 | 420 | 495 | |
Total Assets | 488 | 510 | 562 | 647 | 778 |
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 | -115 | |
21 | -23 | -7 | -4 | 23 | |
Net Cash Flow | 29 | 11 | -8 | 20 | -16 |
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 | 219 |
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% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Oct - Certificate under Regulation 74 (5) of SEBI (DP) Regulations for the quarter ended September 30, 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
20 Sep - Schedule of analyst meetings on September 25, 2024.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 17 Sep
- Shareholder Meeting / Postal Ballot-Outcome of AGM 13 Sep
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 Aug - Notice of 41st Annual General Meeting and PAS-1
Concalls
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT
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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
Market Position
The company is the No. 1 player in electrical transducers in India, ranked third in digital panel meters, and second in portable test and measuring instruments. It is also the first company in India to design, develop, and manufacture solar string inverters end to end. [1]