Rishabh Instruments Limited

About

Rishabh Instruments Limited engages in the design, development, and manufacturing of global energy efficiency solutions in electrical automation, measurement, and industrial technology in Asia, Europe, and internationally. The company offers electrical automation devices, including transducers, isolators, and temperature controllers; metering, control, and protection devices, such as analogue panel meters, rotary cam switches, current transformers, shunts, digital panel meters, multi-function meters, power quality meters, power factor controllers, protection relays, and power supplies; portable test and measuring instruments, including digital multimeters, digital clamp meters, insulation testers, earth testers, and other testing and measurement solutions. It also offers solar string inverters, SCADA software, industrial automation, test and measurement solutions, and aluminum die casting. In addition, it provides analog panel meters include a variety of electrical and measuring instruments such as battery charger, cam switches, clamp meters, current transformers, digital multimeter, digital panel meter, earth testers, insulation testers, isolators, low resistance meter, lumel products, mid din-rail ac energy meters, multifunction meters, power factor controller, power quality, power supply, product accessories, protector relays, shunts, solar inverters, transducers, and VA instruments products. It serves Manufacturers and traders of electrical Instruments. The company was formerly known as Rishabh Instruments Private Limited and changed its name to Rishabh Instruments Limited in September 2022. Rishabh Instruments Limited was incorporated in 1982 and is headquartered in Nashik, India.

Key Metrics

as of Sep 2026

Market Cap2,859 Cr

P/E35.40

Div Yield0.27 %

Book Value₹193.00

52w High₹753.00

52w Low₹315.00

Face Value₹10.00

Quarterly Results

Rs. Crores · hover row for definition

Metric	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023
Sales	78.00	79.00	61.00	66.00	62.00	68.00	59.00	59.00	53.00	59.00	46.00	63.00	57.00
Expenses	60.00	63.00	48.00	49.00	48.00	54.00	53.00	50.00	47.00	47.00	40.00	48.00	43.00
Operating Profit	18.00	16.00	13.00	17.00	14.00	14.00	6.00	9.00	6.00	12.00	5.00	15.00	13.00
OPM %	23.00	20.00	21.00	26.00	23.00	20.00	10.00	15.00	12.00	21.00	12.00	23.00	24.00
Other Income	3.00	3.00	3.00	4.00	3.00	2.00	3.00	3.00	2.00	3.00	1.00	1.00	1.00
Depreciation	4.00	5.00	5.00	4.00	4.00	4.00	4.00	3.00	3.00	4.00	2.00	2.00	2.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	16.00	15.00	11.00	17.00	13.00	12.00	5.00	9.00	6.00	11.00	4.00	13.00	12.00
Tax %	26.00	27.00	24.00	25.00	26.00	24.00	26.00	22.00	33.00	63.00	-121.00	25.00	25.00
Net Profit	12.00	11.00	8.00	13.00	10.00	9.00	4.00	7.00	4.00	4.00	9.00	10.00	9.00
EPS in Rs	3.07	2.79	2.19	3.29	2.57	2.31	1.04	1.78	0.97	1.11	2.35	2.68	3.09

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Sales	268.00	239.00	225.00	196.00	152.00	127.00	137.00
Expenses	207.00	204.00	178.00	164.00	132.00	104.00	116.00
Operating Profit	61.00	36.00	46.00	32.00	20.00	23.00	21.00
OPM %	23.00	15.00	21.00	16.00	13.00	18.00	16.00
Other Income	13.00	10.00	6.00	5.00	4.00	4.00	5.00
Interest	1.00	1.00	1.00	3.00	2.00	1.00	2.00
Depreciation	18.00	13.00	10.00	10.00	8.00	7.00	7.00
Profit before tax	56.00	31.00	41.00	24.00	14.00	19.00	17.00
Tax %	25.00	26.00	21.00	23.00	28.00	29.00	27.00
Net Profit	42.00	23.00	32.00	19.00	10.00	14.00	12.00
EPS in Rs	10.81	6.09	8.48	6.39	7.03	9.23	8.53
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Equity Capital	39.00	38.00	38.00	29.00	15.00	15.00	15.00
Reserves	421.00	371.00	333.00	214.00	202.00	192.00	185.00
Borrowings	3.00	1.00	6.00	22.00	28.00	21.00	42.00
Other Liabilities	43.00	40.00	35.00	40.00	36.00	31.00	25.00
Total Liabilities	506.00	450.00	411.00	305.00	281.00	258.00	267.00
Fixed Assets	62.00	59.00	41.00	41.00	42.00	39.00	32.00
CWIP	44.00	12.00	2.00	0.00	0.00	0.00	1.00
Investments	95.00	92.00	108.00	88.00	81.00	80.00	80.00
Other Assets	306.00	287.00	261.00	175.00	158.00	140.00	154.00
Total Assets	506.00	450.00	411.00	305.00	281.00	258.00	267.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Cash from Operating Activity	58.00	37.00	34.00	-3.00	-1.00	20.00	21.00
Cash from Investing Activity	-68.00	-33.00	-76.00	13.00	-3.00	4.00	-25.00
Cash from Financing Activity	1.00	-2.00	57.00	-9.00	5.00	-31.00	12.00
Net Cash Flow	-9.00	2.00	16.00	2.00	1.00	-7.00	8.00
Free Cash Flow	8.00	-3.00	26.00	-14.00	-10.00	10.00	14.00
CFO/OP %	119.00	130.00	87.00	15.00	28.00	99.00	120.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Debtor Days	53.00	49.00	49.00	69.00	49.00	70.00	60.00
Inventory Days	236.00	239.00	297.00	262.00	279.00	241.00	209.00
Days Payable	73.00	66.00	67.00	93.00	107.00	110.00	73.00
Cash Conversion Cycle	215.00	222.00	279.00	238.00	221.00	202.00	195.00
Working Capital Days	136.00	169.00	157.00	140.00	93.00	99.00	85.00
ROCE %	13.00	8.00	13.00	11.00	7.00	9.00	—

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	69.40	69.55	69.67	69.81	69.81	70.15	70.16	70.16	70.16	70.25	70.68	70.68
FIIs	1.17	0.10	0.24	0.35	0.05	0.17	0.11	0.12	0.11	0.31	2.10	1.66
DIIs	11.21	11.72	12.57	12.01	12.42	13.09	13.45	13.20	13.34	14.52	14.71	16.55
Public	18.21	18.63	17.52	17.83	17.70	16.59	16.29	16.53	16.41	14.87	12.51	11.10
No. of Shareholders	30,707	32,231	33,805	35,765	40,235	41,056	42,034	42,223	39,606	35,478	35,855	52,414