MarketFriction

RIR Power Electronics Ltd

NSE RIR · BSE 517035 · Other Electrical Equipment
₹176.97 -3.87%
NSE close2026-10-01
52 week range154.00 - 213.94
Market cap₹1,493 Cr.
P/E231
Price band 20% Delivery 45.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales13.8716.6114.7121.5721.0518.8219.8726.4621.0125.6420.2723.95
Expenses12.0813.9913.1617.6417.7416.5017.7623.0118.1321.2819.4121.86
Operating Profit1.792.621.553.933.312.322.113.452.884.360.862.09
OPM %12.91%15.77%10.54%18.22%15.72%12.33%10.62%13.04%13.71%17.00%4.24%8.73%
Other Income0.670.280.250.540.390.660.540.440.471.740.421.06
Interest0.320.300.320.310.610.480.400.390.360.360.340.32
Depreciation0.260.260.270.280.160.190.340.280.300.310.310.36
Profit before tax1.882.341.213.882.932.311.913.222.695.430.632.47
Tax %27.66%32.48%7.44%28.61%21.84%38.10%22.51%24.53%30.86%22.10%28.57%43.72%
Net Profit1.361.571.122.782.281.431.482.431.874.230.441.39
EPS in Rs0.200.230.160.400.330.190.190.320.240.530.060.17
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales30.0742.3357.3366.7686.2190.87
Expenses27.2037.4749.2556.8775.0380.67
Operating Profit2.874.868.089.8911.1810.20
OPM %9.54%11.48%14.09%14.81%12.97%11.22%
Other Income0.680.542.101.942.043.69
Interest0.580.641.051.251.881.38
Depreciation1.121.071.191.080.971.29
Profit before tax1.853.697.949.5010.3711.22
Tax %28.11%24.12%24.69%26.11%26.52%29.41%
Net Profit1.332.815.977.037.637.93
EPS in Rs0.190.400.861.010.991.00
Dividend Payout %0.00%24.56%17.44%19.80%20.10%10.03%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%25%17%5%
Compounded Profit Growth%37%3%-15%
Stock Price CAGR48%93%45%-45%
Return on Equity%10%8%5%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital6.886.906.946.967.6715.91
Reserves15.1819.2326.0955.88106.95123.57
Borrowings3.2929.2032.1334.0821.4713.88
Other Liabilities8.3211.2012.0713.8216.2663.43
Total Liabilities33.6766.5377.23110.74152.35216.79
Fixed Assets6.288.517.207.8013.2713.01
CWIP0.7020.3824.3726.6771.2096.87
Investments0.000.000.000.000.000.00
Other Assets26.6937.6445.6676.2767.88106.91
Total Assets33.6766.5377.23110.74152.35216.79
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3.74-1.760.741.591.29-21.93
Cash from Investing Activity-1.01-23.27-3.84-3.76-50.29-32.85
Cash from Financing Activity-2.7825.043.1123.7727.4255.39
Net Cash Flow-0.050.000.0121.60-21.580.61
Free Cash Flow2.70-25.07-3.14-2.39-49.68-55.22
CFO/OP150%-28%32%47%41%-187%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days136.8090.02104.73105.63112.1585.48
Inventory Days250.49210.12182.70167.08126.30163.18
Days Payable103.68111.7792.9588.0477.3049.60
Cash Conversion Cycle283.61188.37194.48184.68161.15199.06
Working Capital Days222.9834.23147.90121.21148.69216.54
ROCE %13.44%14.92%13.27%10.51%7.93%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
Promoters70.50%69.73%69.00%64.54%61.86%61.68%61.50%59.29%58.72%58.61%58.61%58.61%
FIIs0.00%0.00%0.01%5.45%9.35%9.56%8.62%9.52%9.93%9.84%8.50%8.20%
DIIs0.02%0.02%0.02%0.02%0.02%0.02%0.02%0.01%0.01%0.01%0.01%0.01%
Public29.48%30.26%30.97%29.99%28.77%28.73%29.86%31.17%31.34%31.53%32.87%33.18%
No. of Shareholders10,40911,86316,70921,40323,79725,13128,07246,51750,86450,80652,67653,212

Fundamentals

Market Cap₹ 1,493 Cr.
Current Price₹ 188
Stock P/E231
Book Value₹ 17.5
ROCE7.93 %
ROE5.08 %
Dividend Yield0.05 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)-15%
Consolidated figures.
Valuation
Market capRs 1,405 Cr
Enterprise valueRs 1,433 Cr
P/E (TTM)177.16x
Price to book53.76x
Price to sales15.46x
EV / EBITDA103.26x
EV / EBIT113.75x
EV / sales15.77x
Earnings yield0.56%
Dividend yield0.05%
Profitability
Operating margin (excl. other income)11.48%
Operating margin (incl. other income)12.76%
EBITDA margin15.27%
Pre-tax margin12.35%
Net profit margin8.73%
Net margin, latest quarter5.80%
ROE11.66%
ROCE10.73%
ROA5.61%
ROIC (approx.)17.56%
Tax rate24.12%
Other income / net worth2.07%
Growth
Sales growth (latest year)40.77%
Profit growth (latest year)111.28%
Sales growth QoQ18.15%
Profit growth QoQ215.91%
Sales growth YoY (latest quarter)-9.49%
Profit growth YoY (latest quarter)-42.80%
Per share
EPS (TTM)Rs 1.00
EPS (latest year)Rs 4.04
EPS (latest quarter)Rs 0.18
Book value per shareRs 3.29
Sales per shareRs 11.45
Cash flow per shareRs -0.22
Free cash flow per shareRs -6.96
Dividend per share (latest year)Rs 0.99
Dividends
Dividend payout24.56%
Efficiency
Asset turnover0.64x
Fixed asset turnover4.97x
Inventory turnover1.85x
Inventory days198 days
Debtor days90 days
Debtors turnover4.05x
Creditor days50 days
Cash conversion cycle199 days
Working capital days217 days
Leverage
Total debtRs 29 Cr
Cash and bankRs 1 Cr
Net debtRs 28 Cr
Debt to equity1.12x
Net debt / EBITDA2.04x
Interest coverage9.13x
Owners' fund to total sources39.28%
Debt to assets43.89%
Cash flow
Cash from Operating Activity (latest year)Rs -2 Cr
Cash from Investing Activity (latest year)Rs -23 Cr
Cash from Financing Activity (latest year)Rs 25 Cr
Free cash flow (latest year)Rs -55 Cr
FCFE (approx.: FCF + change in debt)Rs -29 Cr
Cash from ops / profit, 5 years-0.64x
Statement figures
Net sales (TTM)Rs 91 Cr
Net sales (latest year)Rs 42 Cr
Sales (latest quarter)Rs 24 Cr
Operating profit excl. other income (latest year)Rs 5 Cr
Operating profit (latest quarter)Rs 2 Cr
Other income (TTM)Rs 4 Cr
EBITDA (TTM)Rs 14 Cr
PBDT (TTM)Rs 12 Cr
Profit before tax (TTM)Rs 11 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 8 Cr
Net profit (latest year)Rs 3 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 30 Cr
Total expenditure (latest year)Rs 37 Cr
Total income (latest year)Rs 43 Cr
Share capitalRs 7 Cr
ReservesRs 19 Cr
Shareholders' fundsRs 26 Cr
Total assetsRs 67 Cr
Net blockRs 9 Cr
Capital work in progressRs 20 Cr
ReceivablesRs 10 Cr
InventoryRs 16 Cr
Other liabilitiesRs 11 Cr
Shares outstanding (crore)7.94
Ownership
Promoter holding58.61% (-0.68 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 177.2 is at the 42th percentile of its own 2.0-year range (median 178.7, low 126.6, high 393.9).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRIRNifty 50Difference
1 week-3.8%-2.8% -1.1 pts
1 month+12.4%-6.8% +19.2 pts
3 years+187.4%+14.2% +173.2 pts
5 years+2330.9%+27.9% +2303.0 pts

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was 48% of net profit over the last 2 years
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2026
Sales ₹24 Cr -9.5% vs Mar 2025. Net profit ₹1 Cr -42.8%.
Against our estimate for Mar 2026: sales -24.0%, profit -51.2% miss. Our estimate for Jun 2026: sales Rs 20 Cr, profit Rs 1 Cr (how).

Activity

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DateClientSideQtyPrice
2026-09-30Bhavna Harshad MehtaSELL1,000,000193.02
Ex-dateActionFactor
2026-09-22Dividend - Re 0.10 Per Share
DateTypeWhat it says
2026-10-01Shareholder meetingVoting results.
2026-09-30Concall / analyst meetSchedule of meet
2026-09-29Shareholder meetingProceedings of Annual General Meeting held on September 29, 2026
2026-09-16Press ReleaseA press release dated September 16, 2026, titled "RIR Power Electronics Completes Installation of State-of-the-Art SiC Epitaxial Wafer Manufacturing R...
2026-09-08General UpdatesIntimation Regarding Communication Sent To Shareholders Whose E-Mail Addresses Are Not Registered With The Company
2026-09-05Record DateRecord date for the purpose of Dividend is 22-Sep-2026.
2026-08-18Concall / analyst meetTranscript
2026-08-13ESOP grantOptions to purchase securities
2026-08-13Concall / analyst meetLink of Recording
2026-08-11Press ReleaseA press release dated August 11, 2026, titled "RIR Power Electronics Limited Announces Q1 FY27 Results".
2026-08-10Board meeting outcomeRIR Power Electronics Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-10Concall / analyst meetSchedule of meet
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of RIR Power Electronics Ltd?

RIR Power Electronics Ltd (RIR) has a market capitalisation of Rs 1,493 Cr. at the 2026-10-01 close.

What is the P/E ratio of RIR Power Electronics Ltd?

RIR Power Electronics Ltd trades at a P/E of 231 on trailing twelve-month profit, at the 2026-10-01 close.

What were RIR Power Electronics Ltd's latest quarterly results?

In the Mar 2026 quarter, RIR Power Electronics Ltd sales was Rs 24 Cr (-9.5% vs Mar 2025) and net profit was Rs 1 Cr.

What is the 52-week high and low of RIR Power Electronics Ltd?

The 52-week high is Rs 213.94 and the 52-week low is Rs 154.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03