Rishabh Instruments Ltd

About Rishabh Instruments Ltd

Rishabh Instruments Ltd. is a global energy efficiency solution provider, specializing in manufacturing and supplying electrical measurement, industrial control products, and high-pressure die-casting solutions. Serving diverse sectors like power, automotive, and industrial automation, the company operates with a significant global footprint, including manufacturing facilities in India and Europe.

Key Financial Ratios

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Rishabh Instruments Ltd's P/E ratio (TTM) is 29.80, compared to the industry median of 33.00 and large cap median of 33.00.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Rishabh Instruments Ltd's P/B ratio is 2.46, compared to the industry median of 2.77 and large cap median of 2.77.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Rishabh Instruments Ltd's P/S ratio is 7.08, compared to the industry median of 1.67 and large cap median of 1.67.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Rishabh Instruments Ltd's PEG ratio is -13.05.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Rishabh Instruments Ltd's EV/EBITDA ratio is 26.88.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Rishabh Instruments Ltd's ROE is 11.01%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Rishabh Instruments Ltd's ROA is 12.56%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Rishabh Instruments Ltd's ROCE is 14%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Rishabh Instruments Ltd's operating margin is 16.26%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Rishabh Instruments Ltd's net margin is 10.58%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Rishabh Instruments Ltd's current ratio is 2.71.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Rishabh Instruments Ltd's debt-to-equity ratio is 0.06.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Rishabh Instruments Ltd's interest coverage ratio is 18.67.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Rishabh Instruments Ltd's DPS is ₹1.90.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Rishabh Instruments Ltd's EPS is 259.08.

(Source line: "Ratios as of 15 Jun 2026, based on last traded price of ₹439.80. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1982
• Headquarters: Nashik, Maharashtra
• Core Offerings: Electrical measurement devices, Industrial control products, Power management solutions, Aluminum high-pressure die casting, Photovoltaic string inverters
• Stock Listing: NSE (RISHABH), BSE (543977)
• Promoter: Rishabh Instruments Promoter Group (led by Narendra Goliya)

History of Rishabh Instruments Ltd

1982: Incorporated as Rishabh Instruments Private Limited. 1992: Established its first manufacturing unit in Nashik, India. 2015: Acquired Lumel S.A. in Poland, significantly expanding its product portfolio and European market presence. 2023: Successfully completed its Initial Public Offering (IPO) and listed on the NSE and BSE, transitioning to a publicly traded company.

Business Segments and Revenue Mix

• Electrical Automation, Measurement & Control Devices: Designs and manufactures a comprehensive range of products including digital panel meters, analog panel meters, current transformers, transducers, isolators, and energy meters. These cater to power generation, industrial automation, and HVAC industries.
• Aluminum High-Pressure Die Casting: Provides precision high-pressure die-cast aluminum components for a variety of applications, primarily serving the automotive and industrial sectors in Europe and India. These components are critical for quality and performance.
• Photovoltaic (PV) String Inverters: Through its subsidiary Lumel S.A., the company offers PV string inverters, playing a role in the renewable energy ecosystem for residential, commercial, and industrial solar installations.

Key Personnel

Mr. Narendra Goliya: Chairman & Whole-time Director. With over four decades of experience, he has been instrumental in Rishabh Instruments' growth and strategic direction in the electrical measurement and industrial control sectors. Mr. Sanjeev Goliya: Managing Director. He brings extensive experience in operations and business strategy, driving the company's global expansion and product diversification.

Subsidiaries and Associate Companies

• Lumel S.A. (Poland)
• Lumel Alucast Sp. z o.o. (Poland)

Corporate Actions

Initial Public Offering (IPO) in September 2023.

References

1. Annual Report FY2023-24
2. Exchange Filings (NSE/BSE)
3. Company Prospectus (DRHP/RHP 2023)
4. Financial Results Announcement (Q4 FY24)