Rishabh Instruments Ltd

NSE: RISHABH · Other Electrical Equipment · sector

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₹648.85NSE close 2026-10-27

Key numbers

Market cap₹2,509 cr

Price₹648.85

52w high / low₹852 / ₹315

P/E24.8xSector median 20.6x

P/B3.4xSector median 3.5x

Book value₹192.7

Dividend yield–Sector median 0.24%

ROE14.8%Sector median 15.5%

ROCE17.0%Sector median 16.4%

OPM16.4%Sector median 11.7%

Debt / equity0.10xSector median 0.32x

EV/EBITDA14.9xSector median 13.3x

Interest cover21.6x

Current ratio3.02x

Sales growth 3y–Sector median +17.8%

Profit growth 3y–Sector median +15.2%

PEG0.16x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 59 companies in Other Electrical Equipment (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹202 cr vs borrowings ₹74 cr (FY26): cash is higher (net cash).
Operating profit covered interest 21.6x in the last 12 months.
Promoter holding fell by 0.53 percentage points in a year, to 69.28% (2026-09-30).
Operating cash flow was below net profit in 0 of the last 3 years.
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 24% of net profit in the last 12 months.
No dividend in the last 3 financial years.
Price ₹648.85 on 2026-10-27: -23.8% from the 52-week high, +106.0% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹809.55 · low ₹210.70

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	182	181	187	190	387	184	205	198
EBITDA	10	14	16	28	62	31	33	33
OPM %	5.7%	7.9%	8.6%	14.9%	16.0%	17.1%	16.3%	16.8%
Other income	3	5	3	4	9	6	6	4
Net profit	4	8	6	20	42	20	20	19
EPS (₹)	1.08	2.07	1.68	5.13	10.90	5.19	5.12	4.93
Revenue YoY					+112.0%	+1.3%	+9.3%	+4.2%
Profit YoY					+913.3%	+136.2%	+207.8%	-3.4%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY24	FY25	FY26	TTM
Revenue	690	720	775	973
EBITDA	71	48	126	160
Net profit	40	23	82	101
EPS (₹)	10.71	5.92	21.21	26.14
Revenue growth		+4.4%	+7.6%	+31.3%
Profit growth		-42.9%	+260.1%	+159.9%
Dividend / share (₹)	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	–	–	+31.3%
Net profit	–	–	+159.9%
EPS	–	–	–
Share price	–	+40.5% (2y)	+89.2%

Balance sheet

₹ cr	FY24	FY25	FY26
Shareholders' equity	559	611	745
Borrowings	55	96	74
Cash & equivalents	155	198	202
Total assets	780	886	1,003
Fixed assets	240	274	326
Capital work in progress	12	24	41
Investments	0	0	0
Receivables	129	135	132
Inventory	175	162	172
Payables	79	81	74

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY24	FY25	FY26
Cash from operations	76	65	108
Cash from investing	-132	-82	-117
Cash from financing	23	37	-28
Capex	69	76	110
Free cash flow	7	-11	-2

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY24	FY25	FY26
ROE %	7.1%	3.7%	10.9%
ROCE %	9.0%	5.0%	13.6%
Debtor days	68	68	62
Inventory days	220	196	214
Payable days	99	99	92
Cash conversion cycle (days)	189	165	184
Working capital days	162	176	168

Shareholding

Holder (% of shares)	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026	Change since Sep 2025
Promoters	69.81%	–	69.55%	69.40%	69.28%	-0.53 pts
FIIs	0.35%	–	0.10%	1.18%	2.32%	+1.97 pts
DIIs	12.01%	–	11.73%	11.21%	7.39%	-4.62 pts
of which Mutual funds	11.60%	–	10.67%	8.40%	4.49%	-7.11 pts
of which Insurance	–	–	–	0.00%	0.00%	–
Government	–	–	–	0.00%	0.00%	–
Public (non-institutions)	17.83%	–	18.63%	18.22%	21.01%	+3.18 pts
No. of shareholders	35,765	–	32,231	30,707	31,550	-11.8%

PromotersFIIsDIIsPublic (non-institutions)

Promoter group	%
Narendra Joharimal Goliya Jointly With Asha Narendra Goliya	42.01%
Rishabh Family Trust-narendra Goliya (Trustee), Asha Goliya (Trustee)	9.30%
Anushree Family Trust-narendra Goliya (Trustee), Asha Goliya (Trustee)	9.30%
Asha Narendra Goliya Jointly With Narendra Joharimal Goliya	7.75%
Rishabh Narendra Goliya Jointly With Narendra Joharimal Goliya	0.90%
Anushree Narendra Goliya Jointly With Narendra Joharimal Goliya	0.00%
Mohini Rishabh Goliya	0.00%
Ivaan Foundation	0.00%

Public holders above 1%	%
Nippon Life India Trustee Ltd-a/c Nippon India SMA	3.48%
Zaki Abbas Nasser	2.70%
Sharmin Nasser	1.64%
Persistence Capital Fund I	1.23%
Quant Mutual Fund - Quant Small CAP Fund	1.01%

31,550 shareholders. Pledged: – of promoter shares.

From the company's quarterly shareholding-pattern filings on the exchange (NSE/BSE), latest as of Sep 2026. "pts" = percentage points; the number of shareholders is as filed by the company. No filing on our file for Dec 2025 (shown as –).

Peers in Other Electrical Equipment

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
WAAREEENER	₹65,440 cr	17.1x	4.5x	23.0%	33.2%	20.2%	–	0.09%
APARINDS	₹60,870 cr	51.5x	11.3x	11.6%	32.9%	8.7%	+16.9%	0.34%
PREMIERENE	₹39,130 cr	23.2x	9.1x	46.7%	29.7%	30.0%	–	0.08%
MTARTECH	₹20,738 cr	155.4x	25.2x	17.2%	18.3%	20.7%	+15.2%	–
DIACABS	₹17,638 cr	89.7x	–	–	13.0%	11.7%	–	–
EMMVEE	₹16,661 cr	11.6x	3.8x	53.0%	34.1%	34.7%	–	–
AVALON	₹14,490 cr	108.3x	20.1x	20.0%	21.9%	11.4%	+19.3%	0.00%
UTLSOLAR	₹11,331 cr	36.6x	8.9x	23.1%	25.4%	14.6%	–	–
GENUSPOWER	₹7,411 cr	11.4x	3.3x	31.9%	22.2%	18.8%	+80.5%	0.82%
RISHABH	₹2,509 cr	24.8x	3.4x	14.8%	17.0%	16.4%	–	–

All 59 companies in Other Electrical Equipment →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Europe	₹527 cr	68.0%	₹0 cr	0.0%
Asia	₹192 cr	24.8%	₹0 cr	0.0%
Other	₹56 cr	7.2%	₹0 cr	0.0%

Dividends & corporate actions

Ex-date	Action	Detail
2026-07-24	Dividend	Dividend - Rs 2 Per Sh

Latest filings

21 Aug 2026
Rumour Verification - Regulation 30(11)
Rishabh Instruments Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
20 Aug 2026
Analysts/Institutional Investor Meet/Con. Call Updates
Rishabh Instruments Limited has informed the Exchange about Transcript
17 Aug 2026
Analysts/Institutional Investor Meet/Con. Call Updates
Rishabh Instruments Limited has informed the Exchange about Link of Recording
16 Aug 2026
Investor Presentation
Rishabh Instruments Limited has informed the Exchange about Investor Presentation
14 Aug 2026
Statement of deviation(s) or variation(s) under Reg. 32
Rishabh Instruments Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
14 Aug 2026
Outcome of Board Meeting
Rishabh Instruments Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
11 Aug 2026
Analysts/Institutional Investor Meet/Con. Call Updates
Rishabh Instruments Limited has informed the Exchange about Schedule of meet
4 Aug 2026
Shareholders meeting
Rishabh Instruments Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 31, 2026. Further, the company has informed the Exchange regarding voting results.

Filed by the company on NSE in the last 3 months (routine notices left out). The text under each title is a short extract of the company's own filing; the link opens the full original file on the NSE website. Fetched 27 Oct 2026.

Documents

Links go to the original files on the exchange website.

About the company

Manufacturing:


Sector	Industrials
Industry	Other Electrical Equipment
Sub-industry	Other Electrical Equipment
Symbol	RISHABH
BSE code	543977
ISIN	INE0N2P01017
Face value	₹10.0
Incorporated	1982-10-06
Website	www.rishabh.co.in
Plants (India / abroad)	2 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-27.