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 ₹ 1,119 Cr.
- Current Price ₹ 291
- High / Low ₹ 488 / 201
- Stock P/E 59.7
- Book Value ₹ 102
- Dividend Yield 0.00 %
- ROCE 13.1 %
- ROE 10.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 2.87 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 8.20% 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
Part of BSE SmallCap 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 | TTM | |
---|---|---|---|---|---|---|
137 | 127 | 152 | 196 | 225 | 230 | |
116 | 104 | 132 | 164 | 178 | 197 | |
Operating Profit | 21 | 23 | 20 | 32 | 46 | 33 |
OPM % | 16% | 18% | 13% | 16% | 21% | 14% |
5 | 4 | 4 | 5 | 6 | 11 | |
Interest | 2 | 1 | 2 | 3 | 1 | 0 |
Depreciation | 7 | 7 | 8 | 10 | 10 | 13 |
Profit before tax | 17 | 19 | 14 | 24 | 41 | 31 |
Tax % | 27% | 29% | 28% | 23% | 21% | |
12 | 14 | 10 | 19 | 32 | 19 | |
EPS in Rs | 8.53 | 9.23 | 7.03 | 6.39 | 8.48 | 4.90 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 21% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 34% |
TTM: | -46% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -37% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 8% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|
Equity Capital | 15 | 15 | 15 | 29 | 38 | 38 |
Reserves | 185 | 192 | 202 | 214 | 333 | 350 |
42 | 21 | 28 | 22 | 6 | 3 | |
25 | 31 | 36 | 40 | 34 | 39 | |
Total Liabilities | 267 | 258 | 281 | 305 | 411 | 431 |
32 | 39 | 42 | 41 | 41 | 48 | |
CWIP | 1 | 0 | 0 | 0 | 2 | 6 |
Investments | 80 | 80 | 81 | 88 | 108 | 92 |
154 | 140 | 158 | 175 | 261 | 285 | |
Total Assets | 267 | 258 | 281 | 305 | 411 | 431 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
21 | 20 | -1 | -3 | 34 | |
-25 | 4 | -3 | 13 | -76 | |
12 | -31 | 5 | -9 | 57 | |
Net Cash Flow | 8 | -7 | 1 | 2 | 16 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Debtor Days | 60 | 70 | 49 | 69 | 49 |
Inventory Days | 209 | 241 | 279 | 262 | 297 |
Days Payable | 73 | 110 | 107 | 93 | 67 |
Cash Conversion Cycle | 195 | 202 | 221 | 238 | 279 |
Working Capital Days | 117 | 126 | 143 | 172 | 166 |
ROCE % | 9% | 7% | 11% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Earnings conference call scheduled for May 27, 2025, to discuss Q4 FY25 financial results.
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Board Meeting Intimation for Intimation Of Board Meeting Of Rishabh Instruments Limited ('Company') Under Regulation 29 & 33 Of SEBI (LODR), Regulations, 2015
21 May - Board meeting on May 27 to approve FY25 results and consider dividend; trading window closed till then.
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Announcement under Regulation 30 (LODR)-Change in Management
20 May - Appointment of Nishant Dudhoria as Additional GM – Strategy, Finance and PR effective May 20, 2025.
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Announcement under Regulation 30 (LODR)-Credit Rating
9 May - CRISIL rates Rishabh Instruments' Rs.16.3 Cr bank facilities BBB/Stable and A3+, valid till March 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
24 Apr - Appointment of Sunil Danavle as General Manager – R&D Mechanical effective April 24, 2025.
Concalls
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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 2024TranscriptNotesPPT
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Mar 2024Transcript PPT
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Feb 2024TranscriptNotesPPT 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]