Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹1272 Cr.
Stock P/E
160.5
P/B
9.1
Current Price
₹159.9
Book Value
₹ 17.5
Face Value
2
52W High
₹315.9
52W Low
₹ 131.9
Dividend Yield
0.06%

RIR Power Electronic Overview

Business

RIR Power Electronics Ltd. is an Indian company engaged in the design, development, manufacturing, and marketing of power electronics components and systems. The company specializes in solutions that manage, convert, and control electrical power for various applications. Their product portfolio typically includes rectifiers, inverters, converters, control panels, active harmonic filters, isolation transformers, and other power quality solutions. RIR's core business model involves supplying these products and integrated systems, often customized, to businesses across diverse sectors. They make money by selling these specialized power electronics products and potentially through associated services like installation, commissioning, and maintenance.

Revenue Mix

While a precise public breakdown of revenue by segment isn't readily available for granular detail, RIR Power Electronics primarily serves industries requiring robust and efficient power management solutions. Based on their product applications, key end-user segments likely include:

Industrial Automation: Power solutions for manufacturing processes, machinery, and control systems.

Telecommunications: Power backup and management for cell towers, data centers, and network infrastructure.

Renewable Energy: Converters and inverters for solar and wind power generation and grid integration.

Railways & Infrastructure: Power supply systems for signaling, traction, and various rail applications.

Defense & Space: Specialized power solutions for critical defense applications.

Data Centers: Uninterruptible power supplies (UPS) and power distribution units.

The revenue mix would be driven by demand from these B2B sectors, often through project-based orders or long-term supply agreements.

Industry

The power electronics industry in India is experiencing robust growth, driven by industrialization, infrastructure development, increased adoption of renewable energy, and digitalization. It is a competitive market with both domestic players and international giants. RIR Power Electronics likely positions itself as a specialized provider offering customized and application-specific solutions. Its focus may be on delivering reliable performance, quality, and potentially after-sales support in niche or critical application areas, rather than competing on sheer volume with large-scale component manufacturers. The "Make in India" initiative and focus on local manufacturing can provide a tailwind for domestic players like RIR.

MOAT

For a company of its size in the power electronics components sector, a wide, durable moat can be challenging to establish. Potential competitive advantages for RIR could include:

Specialized R&D and Customization: Ability to design and develop highly specific solutions tailored to client requirements, especially for complex industrial or critical applications.

Client Relationships: Long-standing relationships with key customers built on trust, reliability, and technical expertise.

Technical Expertise: A strong engineering team capable of handling complex power electronics challenges and offering integrated solutions.

Compliance & Certifications: Adherence to industry-specific quality standards and certifications, which can act as a barrier to entry for new competitors in regulated sectors.

However, broad brand recognition or significant scale advantages, typical moats for larger players, may be less pronounced.

Growth Drivers

Infrastructure Spending: Government and private investment in railways, data centers, smart cities, and industrial parks will drive demand for power electronics.

Renewable Energy Growth: India's aggressive targets for solar and wind energy capacity expansion require extensive power conversion and management systems.

Industrial Automation & Digitalization: Increased adoption of automation in manufacturing and the expansion of digital infrastructure (5G, IoT) will boost demand for efficient power solutions.

"Make in India" Initiative: Government policies promoting domestic manufacturing and local sourcing can provide an impetus for Indian electronics manufacturers.

EV Infrastructure: Potential future demand for power electronics in electric vehicle charging infrastructure.

Risks

Technological Obsolescence: The power electronics field is rapidly evolving, posing a risk of products or technologies becoming outdated.

Raw Material Price Volatility: Fluctuations in prices of key components and raw materials (semiconductors, metals) can impact margins.

Intense Competition: The presence of larger domestic and international players with greater R&D budgets and economies of scale.

Economic Downturns: A slowdown in industrial activity or infrastructure projects can directly impact order flows and revenue.

Supply Chain Disruptions: Reliance on global supply chains for certain components can expose the company to geopolitical events or pandemics.

Customer Concentration: Potential reliance on a few large customers for a significant portion of revenue.

Management & Ownership

RIR Power Electronics Ltd. is typically a promoter-driven company, common among Indian enterprises. The promoters and their families usually hold a significant equity stake, providing strong oversight and long-term vision. Management quality would depend on their experience, strategic decision-making, and track record in navigating the electronics industry. Ownership structure typically shows a substantial promoter holding, alongside holdings by institutional investors (if listed on main exchanges) and the public.

Outlook

RIR Power Electronics operates in a promising sector, benefiting from India's growth trajectory in industrialization, renewable energy, and digital infrastructure. The demand for efficient and reliable power electronics solutions is expected to remain robust. The company's ability to offer customized solutions and leverage its technical expertise positions it to capitalize on these trends. However, the industry is highly competitive and capital-intensive, with continuous technological advancements. Sustaining growth will require continuous R&D investment, effective supply chain management, and the ability to compete effectively against larger domestic and international players on both cost and technology. The company's future performance will largely depend on its execution capabilities, adaptation to new technologies, and success in securing large-scale projects.

RIR Power Electronic Share Price

Live · BSE / NSE · Inception: 1969
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

RIR Power Electronic Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Mar 2026
Net Sales 17 15 22 21 19 20 26 21 26 24
Other Income 0 0 1 0 1 1 0 0 1 1
Total Income 17 15 22 21 19 20 27 21 26 25
Total Expenditure 14 13 18 18 16 18 23 18 21 22
Operating Profit 3 2 4 4 3 3 4 3 5 3
Interest 0 0 0 1 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 1 0
Profit Before Tax 2 1 4 3 2 2 3 3 5 2
Provision for Tax 1 0 1 1 1 0 1 1 1 1
Profit After Tax 2 1 3 2 1 1 2 2 4 1
Adjustments -0 0 0 0 -0 -0 -0 0 0 0
Profit After Adjustments 2 1 3 2 1 1 2 2 4 1
Adjusted Earnings Per Share 0.2 0.2 0.4 0.3 0.2 0.2 0.3 0.2 0.5 0.2

RIR Power Electronic Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 30 42 57 67 86 91 97
Other Income 1 2 2 2 2 3 2
Total Income 31 44 59 69 88 93 99
Total Expenditure 27 37 49 57 75 81 84
Operating Profit 4 6 10 12 13 13 15
Interest 1 1 1 1 2 1 0
Depreciation 1 1 1 1 1 1 0
Exceptional Income / Expenses 0 -1 0 0 0 1 1
Profit Before Tax 2 4 8 10 10 11 13
Provision for Tax 1 1 2 2 3 3 4
Profit After Tax 1 3 6 7 8 8 9
Adjustments 0 0 0 0 0 0 0
Profit After Adjustments 1 3 6 7 8 8 9
Adjusted Earnings Per Share 0.2 0.4 0.9 1 1 1 1.2

RIR Power Electronic Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 22 26 33 63 115 139
Minority's Interest 0 0 0 0 0 0
Borrowings 3 7 22 22 7 0
Other Non-Current Liabilities 2 1 1 1 3 51
Total Current Liabilities 8 34 23 28 31 29
Total Liabilities 34 68 79 113 155 220
Fixed Assets 6 9 7 8 13 13
Other Non-Current Assets 1 21 25 27 72 104
Total Current Assets 27 39 48 79 70 103
Total Assets 34 68 79 113 155 220

RIR Power Electronic Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 0 0 0 0 22 0
Cash Flow from Operating Activities 4 -2 1 2 1 -22
Cash Flow from Investing Activities -1 -23 -4 -4 -50 -33
Cash Flow from Financing Activities -3 25 3 24 27 55
Net Cash Inflow / Outflow -0 0 0 22 -22 1
Closing Cash & Cash Equivalent 0 0 0 22 0 1

RIR Power Electronic Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 0.19 0.41 0.86 1.01 0.99 1
CEPS(Rs) 0.36 0.56 1.03 1.16 1.12 1.16
DPS(Rs) 0 0.1 0.15 0.2 0.2 0.1
Book NAV/Share(Rs) 3.2 3.79 4.76 5.96 14.15 17.48
Core EBITDA Margin(%) 9.58 11.49 14.09 14.81 12.96 11.23
EBIT Margin(%) 8.11 10.23 15.67 16.11 14.2 13.87
Pre Tax Margin(%) 6.17 8.72 13.84 14.24 12.02 12.35
PAT Margin (%) 4.43 6.64 10.41 10.53 8.85 8.73
Cash Profit Margin (%) 8.14 9.17 12.49 12.14 9.98 10.14
ROA(%) 3.88 5.5 8.1 7.29 5.68 4.23
ROE(%) 6.03 11.67 20.19 18.87 10.17 6.4
ROCE(%) 9.62 10.77 14.97 13.3 10.64 8.88
Receivable days 136.84 93.61 85.59 97.8 96.99 95.94
Inventory Days 157.21 126.02 110.06 103.37 82.5 90.8
Payable days 103.61 90.43 89.71 83.87 71.99 62.51
PER(x) 26.51 63.06 34.93 86.4 235.92 132.66
Price/Book(x) 1.6 6.78 6.32 14.65 16.57 7.56
Dividend Yield(%) 0 0.39 0.5 0.23 0.09 0.08
EV/Net Sales(x) 1.26 4.85 4.18 9.17 21.03 11.48
EV/Core EBITDA(x) 10.67 31.62 23.53 51.77 137.15 81.75
Net Sales Growth(%) 0 40.76 35.45 16.43 29.13 5.41
EBIT Growth(%) 0 77.57 107.49 19.71 13.88 2.96
PAT Growth(%) 0 111.23 112.43 17.71 8.5 3.98
EPS Growth(%) 0 110.62 111.32 17.41 -1.64 0.28
Debt/Equity(x) 0.15 1.11 0.97 0.82 0.17 0.08
Current Ratio(x) 3.47 1.14 2.05 2.85 2.31 3.56
Quick Ratio(x) 1.79 0.66 1.26 2.14 1.67 2.67
Interest Cover(x) 4.19 6.81 8.6 8.63 6.52 9.12
Total Debt/Mcap(x) 0.09 0.16 0.15 0.06 0.01 0.01

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +6% +17% +25% —
Operating Profit CAGR 0% +9% +27% —
PAT CAGR 0% +10% +52% —
Share Price CAGR -49% +35% +80% +42%
ROE Average +6% +12% +13% +12%
ROCE Average +9% +11% +12% +11%

RIR Power Electronic Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 57.56 %
FII 6.53 %
DII (MF + Insurance) 0.01 %
Public (retail) 35.9 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 6964.5461.8661.6861.559.2958.7358.6158.6157.56
FII 0.015.459.359.568.629.529.939.848.56.53
DII 0.020.020.020.020.020.010.010.010.010.01
Public 30.9729.9928.7728.7329.8631.1831.3431.5432.8835.9
Others 0000000000
Total 100100100100100100100100100100

RIR Power Electronic Peer Comparison

Electronics - Components Edit Columns

RIR Power Electronic Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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RIR Power Electronic Pros & Cons

Pros

  • Company has delivered good profit growth of 51% CAGR over last 5 years
  • Debtor days have improved from 71.99 to 62.51days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 12% over the last 3 years.
  • Stock is trading at 9.1 times its book value.
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