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Rishabh Instruments Overview

Rishabh Instruments Ltd is a reputable and innovative company specializing in the manufacturing and distribution of precision measurement and control instruments. With a history dating back several decades, the company has established itself as a global leader in the field of electrical and electronic instrumentation. Rishabh Instruments offers a diverse range of high-quality products, including multimeters, panel meters, energy meters, and temperature controllers, catering to various industries such as energy, manufacturing, and automation. K...Read More

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Rishabh Instruments Key Financials

Market Cap ₹1900 Cr.

Stock P/E 89.6

P/B 2.7

Current Price ₹492.9

Book Value ₹ 184

Face Value 10

52W High ₹517.4

Dividend Yield 0%

52W Low ₹ 234.8

Rishabh Instruments Share Price

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Volume
Price

Rishabh Instruments Quarterly Price

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Rishabh Instruments Peer Comparison

Rishabh Instruments Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 180 159 178 169 182 181 187 190 196 184
Other Income 2 4 2 4 3 5 3 4 5 6
Total Income 182 163 180 173 185 186 190 195 201 189
Total Expenditure 148 155 160 162 172 167 171 162 163 152
Operating Profit 33 9 20 11 13 19 19 33 38 37
Interest 1 1 0 1 2 1 2 1 1 1
Depreciation 7 5 9 6 6 7 8 8 9 10
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 25 3 11 5 5 11 9 24 29 26
Provision for Tax 3 -4 9 1 2 3 3 4 6 5
Profit After Tax 22 7 2 3 4 8 6 20 22 21
Adjustments -1 0 0 0 0 1 0 0 0 -1
Profit After Adjustments 22 8 2 4 4 8 6 20 22 20
Adjusted Earnings Per Share 5.7 2 0.6 1 1.1 2.2 1.7 5.1 5.8 5.2

Rishabh Instruments Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 401 390 470 570 690 720 757
Other Income 9 13 10 10 12 15 18
Total Income 409 402 480 580 701 735 775
Total Expenditure 341 332 397 493 618 671 648
Operating Profit 69 70 83 87 83 64 127
Interest 4 4 4 6 5 6 5
Depreciation 24 21 20 20 28 27 35
Exceptional Income / Expenses 0 0 0 0 0 0 0
Profit Before Tax 40 46 59 61 51 30 88
Provision for Tax 9 10 10 11 11 9 18
Profit After Tax 32 36 50 50 40 21 69
Adjustments -1 -1 -3 -3 -0 1 -1
Profit After Adjustments 30 35 47 47 40 23 68
Adjusted Earnings Per Share 10.4 11.9 16.1 16 10.4 5.9 17.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 4% 15% 12% 0%
Operating Profit CAGR -23% -8% -1% 0%
PAT CAGR -48% -25% -8% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 89% NA% NA% NA%
ROE Average 4% 9% 11% 11%
ROCE Average 5% 10% 12% 12%

Rishabh Instruments Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 284 299 340 401 559 611
Minority's Interest 1 3 6 8 5 3
Borrowings 32 45 34 26 15 72
Other Non-Current Liabilities 24 18 12 12 15 17
Total Current Liabilities 147 145 171 201 185 179
Total Liabilities 488 510 562 647 779 882
Fixed Assets 181 224 220 219 265 311
Other Non-Current Assets 34 6 10 18 24 44
Total Current Assets 274 280 333 410 489 527
Total Assets 488 510 562 647 779 882

Rishabh Instruments Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 13 43 54 46 67 51
Cash Flow from Operating Activities 72 53 13 28 76 65
Cash Flow from Investing Activities -63 -21 -11 -3 -132 -82
Cash Flow from Financing Activities 21 -23 -7 -5 23 37
Net Cash Inflow / Outflow 29 9 -5 20 -33 21
Closing Cash & Cash Equivalent 43 54 46 67 51 90

Rishabh Instruments Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 10.39 11.87 16.09 16.01 10.38 5.92
CEPS(Rs) 19 19.5 23.81 23.98 17.67 12.7
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) 92.25 98.21 112.3 130.27 138.79 148.88
Core EBITDA Margin(%) 15 14.85 15.62 13.44 10.41 6.8
EBIT Margin(%) 11.17 12.67 13.43 11.65 8.08 5.02
Pre Tax Margin(%) 10.06 11.74 12.6 10.66 7.4 4.18
PAT Margin (%) 7.87 9.22 10.56 8.72 5.78 2.94
Cash Profit Margin (%) 13.87 14.62 14.81 12.32 9.79 6.74
ROA(%) 6.46 7.2 9.26 8.22 5.6 2.55
ROE(%) 11.69 12.9 16.13 14.01 8.76 3.86
ROCE(%) 12.24 13.05 15.25 14.1 9.98 5.48
Receivable days 55.72 60.6 57.55 64.37 66.23 66.99
Inventory Days 66.83 71.5 80.66 90.34 86.84 85.24
Payable days 115.75 133.09 120.29 107.28 101.8 97.2
PER(x) 0 0 0 0 42.63 36.3
Price/Book(x) 0 0 0 0 3.19 1.44
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) -0.02 -0 0.04 0.06 2.31 1
EV/Core EBITDA(x) -0.12 -0.01 0.2 0.42 19.08 11.33
Net Sales Growth(%) 0 -2.68 20.59 21.11 21.11 4.44
EBIT Growth(%) 0 10.31 27.82 5.09 -15.96 -35.1
PAT Growth(%) 0 13.93 38.15 0.07 -19.71 -46.84
EPS Growth(%) 0 14.27 35.52 -0.52 -35.14 -42.95
Debt/Equity(x) 0.29 0.31 0.28 0.26 0.1 0.17
Current Ratio(x) 1.86 1.93 1.95 2.04 2.65 2.94
Quick Ratio(x) 1.36 1.38 1.19 1.28 1.7 2.04
Interest Cover(x) 10.05 13.73 16.21 11.78 11.84 5.98
Total Debt/Mcap(x) 0 0 0 0 0.03 0.12

Rishabh Instruments Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 70.68 70.25 70.16 70.16 70.16 70.15 69.81 69.81 69.67 69.55
FII 2.1 0.3 0.11 0.12 0.11 0.17 0.05 0.35 0.24 0.1
DII 14.71 14.57 13.34 13.2 13.45 13.09 12.42 12.01 12.57 11.73
Public 12.5 14.88 16.39 16.52 16.29 16.59 17.71 17.83 17.51 18.63
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Rishabh Instruments News

Rishabh Instruments Pros & Cons

Pros

  • Debtor days have improved from 101.8 to 97.2days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 9% over the last 3 years.
  • The company has delivered a poor profit growth of -8% over past five years.
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