RISHABH · Rishabh Instruments Ltd · Scientific & Technical Instr.
RISHABH · Rishabh Instruments Ltd · Scientific & Technical Instr.
As of 05 Nov close
52-week range
23.5% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹198 Cr
Revenue YoY
PAT YoY
-3.4%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
4.4
P/S (TTM)
4.1
Sector P/E
54.3
Dividend yield
+0.2%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| RISHABH (this stock) | 27.2 | 4.4 | +10.3% | +10.8% | 0.11 | +0.2% |
| Shivalik Bimetal Controls | 44 | 8.8 | +16.8% | +21.6% | 4.66 | +0.5% |
| Tarsons Products | 128.8 | 2.8 | +2.5% | +1.8% | 0.62 | 0.0% |
| Rolcon Engineering Company | 12.5 | 1.4 | +6.4% | +11.9% | 0.18 | +0.5% |
Promoter
falling 3q
FII
rising 1q
MF
8.40% (-2.27pp)
falling 2q
Insider trades
| Date | Insider | Type | Qty | Value |
|---|---|---|---|---|
| 11 Sept 2026 | Mr. Dineshkumar Musalekar | SELL | 15,000 | ₹1.27 Cr |
| 08 Sept 2026 | Mr. Dineshkumar Musalekar | SELL | 25,001 | ₹2.01 Cr |
| 08 Sept 2026 | Mr. Dineshkumar Musalekar | SELL | 30,001 | ₹2.41 Cr |
| 07 Sept 2026 | Mr. Sandeep Keshav Wani | SELL | 2,009 | ₹16.08 lakh |
| 07 Sept 2026 | Mr. Nitinkumar Deshpande | SELL | 1,375 | ₹10.06 lakh |
| 07 Sept 2026 | Mr. Sandeep Keshav Wani | SELL | 2,009 | ₹16.07 lakh |
| 03 Sept 2026 | Mr. Dineshkumar Musalekar | SELL | 36,103 | ₹2.61 Cr |
| 24 Jun 2026 | Mr. Dineshkumar Musalekar | SELL | 10,000 | ₹59.5 lakh |
| 23 Jun 2026 | Hemlata Bhavsar | SELL | 1,992 | ₹10.83 lakh |
| 18 Jun 2026 | Mr. Dineshkumar Musalekar | SELL | 10,000 | ₹57 lakh |
| 18 Jun 2026 | Mr. Dineshkumar Musalekar | SELL | 10,716 | ₹61.12 lakh |
| 18 Jun 2026 | Mr. Dineshkumar Musalekar | SELL | 10,000 | ₹57 lakh |
| 12 Jun 2026 | PRAVIN NAMDEO CHAUDHARI | SELL | 2,660 | ₹14.63 lakh |
| 27 May 2026 | Mr. Dineshkumar Musalekar | SELL | 6,000 | ₹33.06 lakh |
| 25 May 2026 | Mr. Dineshkumar Musalekar | SELL | 10,000 | ₹54.6 lakh |
| 25 May 2026 | Mr. Dineshkumar Musalekar | SELL | 10,000 | ₹54.7 lakh |
| 25 May 2026 | Mr. Dineshkumar Musalekar | SELL | 20,000 | ₹1.1 Cr |
| 22 May 2026 | Mr. Dineshkumar Musalekar | SELL | 20,000 | ₹1.04 Cr |
| 22 May 2026 | Mr. Dineshkumar Musalekar | SELL | 10,000 | ₹52.5 lakh |
| 22 May 2026 | Mr. Dineshkumar Musalekar | SELL | 10,000 | ₹52.8 lakh |
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedKey takeaway: Rishabh Instruments Limited reported consolidated revenue of INR1,983 million for Q1 FY27, up 4.2% year-on-year, with an EBITDA of INR333 million (up 17.3% YoY) and a PAT of INR194 million (down 1.4% YoY). The Electrical and Electronics Instrumentation (EEI) segment delivered 34% YoY revenue growth, with adjusted EBITDA up 69.1% to INR382 million and margins expanding to 24.8%. The standalone India business grew 25.6% YoY, while Lumel S.A. (EEI's international arm) reported 39% YoY revenue growth and adjusted EBITDA of INR153 million (up 175.3% YoY). Lumel Alucast, however, reported a 41.2% YoY revenue decline but remains breakeven at operating level. The solar inverter business saw strong growth, with new product launches and plans for hybrid inverters. Management emphasized strategic priorities: accelerating profitable growth in EEI, expanding international presence, and leveraging R&D for innovation. The company also highlighted new manufacturing capacity in Nashik and plans for Rishabh TMI Experience Centers in Mumbai and Delhi. While global macroeconomic uncertainties persist, management expressed confidence in long-term structural growth drivers, including renewable energy and digital infrastructure. The company remains net debt-free with INR1,606 million in cash as of June 30, 2026.
The document emphasizes strong revenue and EBITDA growth in key segments, strategic expansion, and confidence in long-term industry trends.
Sourced from an exchange-filed transcript, dated 20 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation for Rishabh Instruments Limited reported a positive start to Q1FY27, with consolidated revenue growth of 4.2% year-over-year and a 17.3% increase in consolidated EBITDA. Management highlighted the Electrical and Electronic Instruments (EEI) segment as a key growth driver, achieving 34.0% YoY growth and maintaining EBITDA margins around 24%. The company emphasized its focus on profitable growth and operational efficiencies, while also mentioning a breakeven status for the High Pressure Die Casting (HPDC) segment. Management noted ongoing investments in product development and geographic expansion, particularly in the US, Africa, and Southeast Asia. The presentation also outlined a commitment to maintaining strong margins and disciplined capital allocation, despite a mixed global environment. Overall, the document conveyed a strategic focus on sustainable long-term growth and improving business quality.
Management emphasized a strong start to the financial year and highlighted growth in key segments.
Sourced from an exchange-filed presentation, dated 16 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The earnings conference call for Rishabh Instruments Limited on May 18, 2026, highlighted a strong operational performance for FY 2025-26, with management reporting a doubling of overall adjusted EBITDA and significant improvements in profitability. The company achieved a consolidated EBITDA of INR 1,264 million, marking a 161% year-on-year increase. The standalone business also performed well, with a 72.6% increase in EBITDA. Management noted that the electrical and electronics instrumentation segment was a key growth driver, supported by strong export demand and product innovation. The company reported a successful year for its Polish subsidiary, Lumel SA, and highlighted ongoing efforts to improve the profitability of Lumel Alucast. Management announced a dividend of 20% on share capital and expressed optimism about future growth opportunities, particularly in the U.S. and renewable energy sectors. The call concluded with management emphasizing their commitment to delivering long-term value to stakeholders.
Management emphasized strong operational performance and growth opportunities.
Sourced from an exchange-filed transcript, dated 24 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The investor presentation for Rishabh Instruments Limited reported strong financial performance for FY26, with consolidated revenue growth of 7.6% year-over-year and a significant increase in profitability, with EBITDA more than doubling compared to the previous year. Management highlighted a 17.5% growth in the Electrical and Electronic Instruments (EEI) segment, which remains a key growth driver. The presentation noted improvements in operational efficiencies and product mix, contributing to a consolidated EBITDA growth of 161.1%. Management proposed a final dividend of INR 2 per share, subject to shareholder approval. The company is diversifying its global footprint, with increasing traction in markets such as the US, Africa, and Southeast Asia. R&D investments are ongoing in various product lines, including energy meters and automation solutions, aimed at expanding market reach and enhancing service offerings. The presentation emphasized a commitment to sustainable growth and long-term value creation for stakeholders.
Management emphasized strong execution and strategic progress throughout the presentation.
Sourced from an exchange-filed presentation, dated 18 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: The earnings conference call for Rishabh Instruments Limited on February 6, 2026, provided insights into the company's performance for Q3 FY26 and the nine months ending December 31, 2025. Management highlighted three significant policy developments: the conclusion of the India-EU Free Trade Agreement, the Union Budget's focus on SMEs and electronics manufacturing, and advancements in the India-U.S. Trade Arrangement. These developments were reported to create a favorable environment for manufacturing and exports. The company achieved a consolidated revenue growth of 1.3% in Q3 FY26 and 7% for the nine months, with improved margins driven by operational efficiencies. Management set a goal for adjusted EBITDA to reach Rs.115 to Rs.120 crores by the end of FY26. The standalone business also reported growth, with a notable increase in profit after tax. The call concluded with management expressing confidence in their strategic direction and growth potential.
Management emphasized strong growth and positive developments in the business environment.
Sourced from an exchange-filed transcript, dated 12 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: In the investor presentation dated February 6, 2026, Rishabh Instruments Limited reported its financial results for the quarter and nine months ended December 31, 2025. Management highlighted a consolidated revenue growth of 1.3% year-over-year (YoY) in Q3FY26 and 7.0% in 9MFY26, driven by product expansion and steady demand. Consolidated EBITDA margins expanded by 920 basis points, with EBITDA increasing by 119.5% YoY in Q3FY26. Standalone revenue also grew by 3.1% YoY in Q3FY26 and 10.6% in 9MFY26, attributed to strong export growth. The presentation noted a significant turnaround in the High Pressure Die Casting (HPDC) business, with EBITDA improving from a loss in the previous year. Management expressed confidence in the company's growth trajectory, supported by a diversified business model and expanding global footprint.
Management emphasized growth and operational improvements in the financial results.
Sourced from an exchange-filed presentation, dated 06 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedRishabh Instruments Limited (RISHABH) reported no defaults under the Insolvency and Bankruptcy Code in FY2025-26, with no material related-party transactions or non-compliance penalties. The company faces a contingent liability of ₹6.27 million from a corporate guarantee for a subsidiary in China, and a disputed legal claim of ₹65.80 million from Ambit Energy Private Limited over inverter issues. The company maintains robust internal controls and has no willful defaulter status. Key financials include standalone and consolidated financial statements, with no material audit issues noted.
- No applications or proceedings under the Insolvency and Bankruptcy Code during FY2025-26.
- Contingent liability of ₹6.27 million from a corporate guarantee for a Chinese subsidiary.
- Disputed legal claim of ₹65.80 million from Ambit Energy Private Limited over inverter performance.
- No material related-party transactions or non-compliance with regulatory requirements.
- No willful defaulter status or benami property disclosures.
Key takeaway: Rishabh Instruments Limited faces contingent liabilities and a disputed legal claim but maintains compliance and no defaults, with robust internal controls in place.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Default / Covenant Breach (1 item)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Default / Covenant Breach
1 occurrenceRecent (last 12 months)
The company has dues relating to the Employee Provident Fund scheme for the years 2006 to 2009, with an amount of 3.63 million deposited under protest, and the dispute is pending before the Hon’ble High Court of Maharashtra.
Routine disclosures
Contingent Liability
2 occurrencesRecent (last 12 months)
The Holding Company has received a legal demand notice from Ambit.
Earlier (1-3 years ago)
The company has a contingent liability related to a EURO loan from DBS Bank India, which was secured by a fixed deposit of INR 231.49 Million. However, the loan was repaid in full during the year ended March 31, 2025.
Related-Party Transaction
2 occurrencesRecent (last 12 months)
The company has disclosed transactions with related parties, including sales of goods and services to Shanti Instruments Pvt. Ltd. and SARAN Spółka Z Ograniczoną Odpowiedzialnością, Poland, as well as lease payments and interest expenses with these entities.
Earlier (1-3 years ago)
The company has transactions with related parties outside the group, including sales of goods and services, commission income, purchase of raw materials, lease payments, and interest expenses with entities like Shanti Instruments Pvt. Ltd., SARAN Sp. Z Ograniczoną Odpowiedzialnością, Poland, and Przedsiebiorstwo Wdrozeniowe INMEL Sp. z o.o., Poland.
Management & Board Governance
1 occurrenceEarlier (1-3 years ago)
The quorum for meetings did not comply with the regulatory requirement of including a minimum of two Independent Directors.