Rishabh Instruments Limited RISHABH NSETECH

Technology · Scientific & Technical Instruments · India

https://rishabh.co.in

Rishabh Instruments Limited engages in the design, development, and manufacturing of global energy efficiency solutions in electrical automation, measurement, and industrial technology in Asia, the United States, Poland, other European countries, and internationally. The company offers electrical automation devices, including energy management & SCADA software, transducers, humidity recorders, I/O modules and converters, isolators, and temperature controllers; metering, control, and protection devices, such as analog panel meters, rotary CAM switches, multi-load monitoring meters, power quality meters, current transformers, power quality analyzers, battery chargers, synchronising units, power supply, shunts, power factor controller, digital panel, meters, LV protection relays, multi-function meters, and medium voltage protection relays; portable test & measurement instruments, includes digital multi-meters, digital earth testers, digital clamp meters, digital insulation testers, and submarine cable fault locator; and environmental instruments, such as thickness meter, digital lux meter, non-contact tachometer, db meter, temperature & rh meter, moisture meter, ir meter, and anemometer. It also offers solar string inverters and aluminum die casting. The company serves data centers, pharmaceuticals, fast-moving consumer goods, railways, utilities, petrochemical, and automotive industries. The company was formerly known as Rishabh Instruments Private Limited and changed its name to Rishabh Instruments Limited in September 2022. Rishabh Instruments Limited was incorporated in 1982 and is headquartered in Nashik, India.

Market & Price

Market Cap

₹2,045.69 Cr

Current Price

₹529.65

High / Low (52W)

₹553.10 / ₹277.65

Beta

1.12

Valuation

Stock P/E

25.13

Industry PE

25.13

Forward P/E

16.81

PEG Ratio

Book Value

₹193.60

Price to Book

2.74

P/S

2.64

EV/EBITDA

15.19

Dividend Yield

Profitability & Returns

ROCE

13.49%

ROE

12.07%

ROA

6.01%

Profit Margin

10.52%

Op Margin

11.49%

EPS (Latest Qtr)

₹5.09

EPS (TTM)

₹21.08

Balance Sheet & Liquidity

Debt/Equity

0.11

Quick Ratio

1.91

Current Ratio

3.02

Debt

₹80.54 Cr

Total Assets

₹1,002.76 Cr

Current Assets

₹532.80 Cr

Working Capital

₹356.58 Cr

Ownership

Promoter Holding

73.51%

Chg in Prom Hold

0.09%

FII / Inst Holding

10.49%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹1,920.99 Cr

Total Revenue (TTM)

₹775.15 Cr

EBITDA

₹126.45 Cr

Free Cash Flow

₹-33.72 Cr

Operating Cash Flow

₹108.48 Cr

Shares Outstanding

₹3.86 Cr

Gross Margin

62.11%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

11.27%

Profit 5Y

20.31%

Revenue (YoY)

9.30%

Earnings (YoY)

205.50%

PROS

Compounding revenue at 11.3% over 5 years.
Profit CAGR of 20.3% over 5 years.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	RISHABH Rishabh Instruments Limited NSETECH	529.65	25.13	₹2,045.69 Cr	-	13.49%	12.07%	11.27%	20.31%
2	TCS Tata Consultancy Services Limited NIFTY50NSEAITECH	2,258.90	16.61	₹8.17 L Cr	5.49%	54.93%	48.40%	5.80%	5.30%
3	INFY Infosys Limited NIFTY50NSEAITECH	1,160.90	15.01	₹4.70 L Cr	4.31%	41.66%	31.44%	3.44%	3.58%
4	HCLTECH HCL Technologies Limited NIFTY50NSEAITECH	1,183.80	19.31	₹3.20 L Cr	8.11%	27.21%	23.36%	8.65%	3.87%
5	WIPRO Wipro Limited NIFTY50NSEAITECH	204.25	16.26	₹2.14 L Cr	8.32%	18.42%	15.49%	4.05%	2.44%
6	TECHM Tech Mahindra Limited NIFTY50NSEAITECH	1,483.90	27.40	₹1.31 L Cr	3.44%	20.60%	16.61%	2.16%	-0.14%
7	LTM LTM Limited NSETECH	4,061.60	24.04	₹1.20 L Cr	1.85%	25.39%	21.29%	8.43%	4.41%
8	LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH	1,523.90	61.35	₹1.03 L Cr	-	27.64%	24.72%	0.98%	-
9	WAAREEENER WAAREE ENERGIES LIMITED NIFTY_MIDNSETECH	3,140.80	27.70	₹90,345.53 Cr	0.13%	24.21%	31.57%	71.63%	191.18%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	181.19 Cr	187.45 Cr	190.33 Cr	196.33 Cr	183.62 Cr	204.86 Cr
Cost of Revenue	-	77.29 Cr	72.78 Cr	68.94 Cr	74.65 Cr	64.59 Cr	85.56 Cr
Gross Profit	-	103.89 Cr	114.67 Cr	121.39 Cr	121.69 Cr	119.03 Cr	119.31 Cr
Operating Expenses	-	96.78 Cr	106.59 Cr	100.50 Cr	97.00 Cr	97.39 Cr	95.76 Cr
Operating Income	-	7.11 Cr	8.07 Cr	20.89 Cr	24.69 Cr	21.64 Cr	23.54 Cr
EBITDA	-	19.31 Cr	18.75 Cr	32.65 Cr	38.29 Cr	36.99 Cr	39.22 Cr
Interest Expense	-	1.35 Cr	1.65 Cr	1.18 Cr	1.09 Cr	1.37 Cr	1.87 Cr
Pretax Income	-	10.78 Cr	9.00 Cr	23.96 Cr	28.53 Cr	25.88 Cr	27.61 Cr
Tax Provision	-	2.97 Cr	2.89 Cr	4.34 Cr	6.44 Cr	5.37 Cr	7.57 Cr
Net Income	-	8.36 Cr	6.31 Cr	19.70 Cr	22.15 Cr	19.98 Cr	19.70 Cr
Diluted EPS	1.06	2.03	1.64	5.12	5.75	5.17	5.09

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	562.67 Cr	678.95 Cr	720.34 Cr	775.15 Cr
Cost of Revenue	-	267.61 Cr	303.99 Cr	300.89 Cr	293.74 Cr
Gross Profit	-	295.06 Cr	374.96 Cr	419.45 Cr	481.41 Cr
Operating Expenses	-	238.61 Cr	330.77 Cr	398.63 Cr	390.64 Cr
Operating Income	-	56.45 Cr	44.19 Cr	20.82 Cr	90.77 Cr
EBITDA	-	84.95 Cr	82.64 Cr	62.95 Cr	147.16 Cr
Interest Expense	-	3.78 Cr	3.99 Cr	5.50 Cr	5.50 Cr
Pretax Income	-	60.72 Cr	51.05 Cr	29.84 Cr	105.98 Cr
Tax Provision	-	11.03 Cr	11.15 Cr	8.87 Cr	23.72 Cr
Net Income	-	46.82 Cr	39.66 Cr	22.40 Cr	81.53 Cr
Diluted EPS	-	12.33	10.54	5.84	21.07

Compounded Sales Growth

5 Years:	11.27%
1 Year:	9.30%

Compounded Profit Growth

5 Years:	20.31%
1 Year:	205.50%

Stock Price Performance

1 Year:	+85.74%
6 Months:	+22.49%
3 Months:	+21.79%
1 Month:	+10.99%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	648.93 Cr	781.07 Cr	886.13 Cr	1,002.76 Cr
Current Assets	-	409.77 Cr	489.27 Cr	527.34 Cr	532.80 Cr
Cash & Equivalents	-	66.56 Cr	50.72 Cr	90.05 Cr	96.41 Cr
Inventory	-	153.51 Cr	174.71 Cr	161.72 Cr	172.13 Cr
Receivables	-	120.90 Cr	129.43 Cr	135.00 Cr	131.93 Cr
Total Liabilities	-	240.18 Cr	217.29 Cr	271.85 Cr	253.69 Cr
Current Liabilities	-	200.57 Cr	184.96 Cr	179.13 Cr	176.21 Cr
Long Term Debt	-	25.84 Cr	15.23 Cr	72.39 Cr	37.42 Cr
Total Debt	-	105.87 Cr	57.65 Cr	98.03 Cr	80.54 Cr
Total Equity	-	401.03 Cr	559.01 Cr	611.32 Cr	745.02 Cr
Shares Outstanding	-	3.80 Cr	3.82 Cr	3.84 Cr	3.85 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	27.51 Cr	76.03 Cr	64.95 Cr	108.48 Cr
Investing Cash Flow	-	-2.72 Cr	-132.14 Cr	-81.60 Cr	-116.82 Cr
Financing Cash Flow	-	-4.50 Cr	22.64 Cr	37.49 Cr	-28.24 Cr
Capital Expenditure	-	-30.26 Cr	-69.00 Cr	-76.19 Cr	-110.39 Cr
Free Cash Flow	-	-2.75 Cr	7.04 Cr	-11.24 Cr	-1.91 Cr
Net Change in Cash	-	20.29 Cr	-33.46 Cr	20.85 Cr	-36.58 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	52.4%	55.2%	58.2%	62.1%
Operating Margin %	-	10.0%	6.5%	2.9%	11.7%
Net Margin %	-	8.3%	5.8%	3.1%	10.5%
ROE %	-	11.7%	7.1%	3.7%	10.9%
ROCE %	-	12.6%	7.4%	2.9%	11.0%

Shareholding Pattern

Insiders

73.51%

Institutions

10.49%

Public Float

39.61%

Analyst View

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RISHABH · Technology