Rishabh Instruments Ltd.

•

rishabh.co.inBSE: 543977NSE: RISHABH

Market Cap₹ 3,139 Cr.

Current Price

High / Low₹ 852 / 315

Stock P/E71.9

Book Value₹ 116

Price to Book3.11

Dividend Yield0.25 %

ROCE13.1 %

ROE10.4 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

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PROS

Company has delivered good profit growth of 25.3% CAGR over last 5 years
Company is almost debt free
Company has delivered good sales growth of 16.1% CAGR over last 5 years
Operating margins have improved to 22.7% from 18.8%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.33x)

CONS

Company has a low return on capital employed of 11.5%
Company has a low return on equity of 9.5% over last 3 years
Equity base is being diluted - shares outstanding up 31.8%
Valuation is stretched - P/E of 71.9 is well above its own 5-year median (35.1)
Expensive relative to growth - PEG of 2.3

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsElectric Equipment

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ABB	7330.00	51.99	155328.84	0.54	3623.00	930.02	35588.70	1110.31	30.18	12.56
2.	CGPOWER	908.00	114.44	143050.87	0.14	308.28	15.52	3280.81	13.99	27.94	12.11
3.	SIEMENS	3972.00	43.19	141451.06	0.45	214.31	-49.38	4713.70	8.44	21.42	9.14
4.	POWERINDIA	31065.00	120.36	138464.05	0.03	2941.50	2135.18	24936.90	1586.18	28.73	14.58
5.	GVT&D	4500.00	617.01	115220.94	0.22	362.99	24.65	1836.14	38.04	75.51	25.10
6.	ENRIN	3180.50	76.12	113264.13	0.13	440.90	67.83	2485.60	39.28	40.19	23.56
7.	WAAREEENER	2545.00	19.18	73207.26	0.16	891.87	15.39	7931.79	79.22	37.92	18.15
8.	APARINDS	17293.00	61.29	72409.83	0.35	4674.50	1677.98	65910.60	1191.31	31.84	11.50
9.	HAVELLS	1116.00	42.88	70035.88	0.90	289.71	-16.64	6518.19	19.48	25.74	7.15
10.	SUZLON	44.44	19.43	61085.61	0.00	305.22	-5.89	3829.09	22.83	35.79	15.55
11.	SCHNEIDER	1195.30	155.53	28580.11	0.00	12.44	-69.84	651.36	4.78	31.01	5.23
12.	RISHABH	811.30	38.82	3139.49	0.25	19.36	-1.31	198.28	4.18	14.65	16.80

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	57	63	46	59	53	59	59	68	62	66	61	79	78
	43	48	40	47	47	50	53	54	48	49	48	63	64
Operating Profit	13	15	5	12	6	9	6	14	14	17	13	16	13
OPM %	23.70%	23.18%	11.61%	20.65%	11.52%	15.32%	9.96%	20.50%	23.10%	26.06%	21.05%	20.41%	17.20%
	1	1	1	3	2	3	3	2	3	4	3	3	3
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	2	2	2	4	3	3	4	4	4	4	5	5	4
Profit before Tax	12	13	4	11	6	9	5	12	13	17	11	15	16
Tax %	25.39%	24.57%	-120.99%	62.62%	33.63%	21.52%	26.16%	24.47%	26.10%	24.99%	24.10%	26.64%	26.07%
Net Profit	9	10	9	4	4	7	4	9	10	13	8	11	12
	2.48	2.73	2.36	1.11	0.97	1.78	1.04	2.32	2.57	3.29	2.19	2.79	3.08

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	116	117	143	138	127	152	196	225	239	268	283
	102	108	123	116	104	132	164	178	204	207	224
Operating Profit	14	8	20	21	23	20	32	46	36	61	59
OPM %	12.31%	7.19%	14.18%	15.52%	17.94%	13.15%	16.22%	20.55%	14.86%	22.74%	20.99%
	6	5	6	5	4	4	5	6	10	13	13
Interest	2	2	2	2	1	2	3	1	1	1	0
Depreciation	7	7	8	7	7	8	10	10	13	18	18
Profit before Tax	12	4	16	17	19	14	24	41	31	56	59
Tax %	6.19%	-14.60%	23.81%	27.21%	29.13%	28.43%	23.00%	20.89%	25.55%	25.51%	25.53%
Net Profit	11	4	12	12	13	10	19	32	23	42	44
EPS	0.00	0.00	0.00	6.59	7.24	2.82	5.09	8.48	6.12	10.81	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	18.50%	—

COMPOUNDED SALES GROWTH

10 Years:: 9%
5 Years:: 16%
3 Years:: 11%

COMPOUNDED PROFIT GROWTH

10 Years:: 10%
5 Years:: 25%
3 Years:: 31%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: 23%
1 Year:: 93%

RETURN ON EQUITY

10 Years:: 7%
5 Years:: 8%
3 Years:: 9%
Last Year:: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	15	15	15	15	15	15	29	38	38	39
	156	160	172	185	180	190	194	304	328	394
	19	18	15	27	20	27	22	1	0	3
Trade Payables	16	18	23	13	18	23	27	19	23	25
	26	23	25	28	26	30	48	56	67	58
Total Liabilities	232	234	250	267	258	285	320	418	457	519
	26	38	34	32	39	42	41	41	59	62
Capital Work in Progress	3	0	0	1	0	0	0	1	8	39
	61	63	63	80	80	81	88	108	92	95
	33	31	41	37	39	61	75	87	81	80
	0	0	0	0	0	0	0	30	32	39
Cash & Bank	62	64	66	82	65	61	43	124	125	110
	46	37	45	35	35	40	71	28	60	95
Total Assets	232	234	250	267	258	285	320	418	457	519

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	12	15	11	26	23	6	5	34	37	58
Cash from Investing	-10	-12	-4	-25	4	-3	13	-76	-33	-68
Cash from Financing	1	-3	-6	12	-31	5	-9	57	-2	1
	2	-1	-1	8	-7	1	2	16	2	-9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	70.16	70.16	70.16	70.15	69.81	69.81	69.67	69.55	69.40
	0.11	0.12	0.11	0.17	0.05	0.35	0.24	0.10	1.17
	13.34	13.20	13.45	13.09	12.42	12.01	12.57	11.72	11.21
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	16.39	16.52	16.29	16.59	17.71	17.83	17.51	18.63	18.22

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-01

ESOP/ESOS/ESPS

2026-09-01 - Rishabh Instruments Limited has informed the Exchange regarding Allotment of 4400 Shares.

2026-08-21

Rumour Verification - Regulation 30(11)

2026-08-21 - Rishabh Instruments Limited has informed the Exchange about Rumour Verification - Regulation 30(11)

2026-08-20

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-20 - Rishabh Instruments Limited has informed the Exchange about Transcript

2026-08-17

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-17 - Rishabh Instruments Limited has informed the Exchange about Link of Recording

2026-08-16

Copy of Newspaper Publication

2026-08-16 - Newspaper Publication Unaudited Financial Results of Rishabh Instruments Limited ( the Company ) for the Quarter ended June 30, 2026

2026-08-16

Investor Presentation

2026-08-16 - Rishabh Instruments Limited has informed the Exchange about Investor Presentation

2026-08-14

Statement of deviation(s) or variation(s) under Reg. 32

2026-08-14 - Rishabh Instruments Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

2026-08-14

Outcome of Board Meeting

2026-08-14 - Rishabh Instruments Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-08-11

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-11 - Rishabh Instruments Limited has informed the Exchange about Schedule of meet

News

Recent coverage and analyst commentary for RISHABH

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Rishabh Instruments Ltd.

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Free 5nance Account

Name

ABB

7330.00

51.99

155328.84

0.54

3623.00

930.02

35588.70

1110.31

30.18

12.56

CGPOWER

908.00

114.44

143050.87

0.14

308.28

15.52

3280.81

13.99

27.94

12.11

SIEMENS

3972.00

43.19

141451.06

0.45

214.31

-49.38

4713.70

8.44

21.42

9.14

POWERINDIA

31065.00

120.36

138464.05

0.03

2941.50

2135.18

24936.90

1586.18

28.73

14.58

GVT&D

4500.00

617.01

115220.94

0.22

362.99

24.65

1836.14

38.04

75.51

25.10

ENRIN

3180.50

76.12

113264.13

0.13

440.90

67.83

2485.60

39.28

40.19

23.56

WAAREEENER

2545.00

19.18

73207.26

0.16

891.87

15.39

7931.79

79.22

37.92

18.15

APARINDS

17293.00

61.29

72409.83

0.35

4674.50

1677.98

65910.60

1191.31

31.84

11.50

HAVELLS

1116.00

42.88

70035.88

0.90

289.71

-16.64

6518.19

19.48

25.74

7.15

SUZLON

44.44

19.43

61085.61

0.00

305.22

-5.89

3829.09

22.83

35.79

15.55

SCHNEIDER

1195.30

155.53

28580.11

0.00

12.44

-69.84

651.36

4.78

31.01

5.23

RISHABH

811.30

38.82

3139.49

0.25

19.36

-1.31

198.28

4.18

14.65

16.80

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

OPM %

23.70%

23.18%

11.61%

20.65%

11.52%

15.32%

9.96%

20.50%

23.10%

26.06%

21.05%

20.41%

17.20%

Interest

Depreciation

Profit before Tax

Tax %

25.39%

24.57%

-120.99%

62.62%

33.63%

21.52%

26.16%

24.47%

26.10%

24.99%

24.10%

26.64%

26.07%

Net Profit

2.48

2.73

2.36

1.11

0.97

1.78

1.04

2.32

2.57

3.29

2.19

2.79

3.08

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

116

117

143

138

127

152

196

225

239

268

283

102

108

123

116

104

132

164

178

204

207

224

Operating Profit

OPM %

12.31%

7.19%

14.18%

15.52%

17.94%

13.15%

16.22%

20.55%

14.86%

22.74%

20.99%

Interest

Depreciation

Profit before Tax

Tax %

6.19%

-14.60%

23.81%

27.21%

29.13%

28.43%

23.00%

20.89%

25.55%

25.51%

25.53%

Net Profit

EPS

0.00

6.59

7.24

2.82

5.09

8.48

6.12

10.81

—

Dividend Payout %

0.00%

18.50%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

156

160

172

185

180

190

194

304

328

394

Trade Payables

Total Liabilities

232

234

250

267

258

285

320

418

457

519

Capital Work in Progress

108

Cash & Bank

124

125

110

Total Assets

232

234

250

267

258

285

320

418

457

519

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Cash from Investing

-10

-12

-4

-25

-3

-76

-33

-68

Cash from Financing

-3

-6

-31

-9

-2

-1

-7

-9

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

70.16

70.15

69.81

69.67

69.55

69.40

0.11

0.12

0.11

0.17

0.05

0.35

0.24

0.10

1.17

13.34

13.20

13.45

13.09

12.42

12.01

12.57

11.72

11.21

Government

0.00

16.39

16.52

16.29

16.59

17.71

17.83

17.51

18.63

18.22

Rishabh Instruments Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Rishabh Instruments Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI