Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 180 | 159 | 178 | 169 | 182 | 181 | 187 | 190 | 196 | 184 | 205 | 198 |
| Expenses | 148 | 155 | 160 | 162 | 172 | 167 | 171 | 162 | 163 | 152 | 172 | 165 |
| Operating Profit | 32 | 5 | 18 | 8 | 10 | 14 | 16 | 28 | 33 | 31 | 33 | 33 |
| OPM % | 18% | 3.0% | 10% | 4.5% | 6% | 8% | 9% | 15% | 17% | 17% | 16% | 17% |
| Other Income | 2 | 4 | 2 | 4 | 3 | 5 | 3 | 4 | 5 | 6 | 6 | 4 |
| Interest | 1 | 1 | 0 | 1 | 2 | 1 | 2 | 1 | 1 | 1 | 2 | 1 |
| Depreciation | 7 | 5 | 9 | 6 | 6 | 7 | 8 | 8 | 9 | 10 | 10 | 9 |
| Profit before tax | 25 | 3 | 11 | 5 | 6 | 11 | 9 | 24 | 29 | 26 | 28 | 27 |
| Tax % | 12% | -128% | 79% | 30% | 29% | 28% | 32% | 18% | 23% | 21% | 27% | 27% |
| Net Profit | 22 | 7 | 2 | 3 | 4 | 8 | 6 | 20 | 22 | 21 | 20 | 19 |
| EPS in Rs | 5.72 | 2.00 | 0.63 | 0.95 | 1.08 | 2.19 | 1.64 | 5.13 | 5.77 | 5.19 | 5.11 | 4.92 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 401 | 390 | 470 | 570 | 690 | 720 | 775 | 783 |
| Expenses | 341 | 332 | 397 | 493 | 618 | 671 | 648 | 652 |
| Operating Profit | 60 | 58 | 73 | 77 | 72 | 49 | 127 | 131 |
| OPM % | 15% | 15% | 16% | 13% | 10% | 7% | 16% | 17% |
| Other Income | 9 | 13 | 10 | 10 | 12 | 14 | 21 | 20 |
| Interest | 4 | 4 | 4 | 6 | 5 | 6 | 6 | 5 |
| Depreciation | 24 | 21 | 20 | 20 | 28 | 28 | 36 | 38 |
| Profit before tax | 40 | 46 | 59 | 61 | 51 | 30 | 106 | 109 |
| Tax % | 22% | 22% | 16% | 18% | 22% | 30% | 22% | |
| Net Profit | 32 | 36 | 50 | 50 | 40 | 21 | 82 | 82 |
| EPS in Rs | 20.78 | 23.75 | 32.18 | 16.01 | 10.38 | 5.83 | 21.15 | 20.99 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 9% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 15% | 11% | 6% | ||
| Compounded Profit Growth | % | 19% | 20% | 110% | ||
| Stock Price CAGR | % | % | 13% | 88% | ||
| Return on Equity | % | 10% | 8% | 12% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 15 | 15 | 15 | 29 | 38 | 38 | 39 |
| Reserves | 269 | 285 | 326 | 372 | 521 | 573 | 706 |
| Borrowings | 104 | 106 | 103 | 106 | 58 | 100 | 81 |
| Other Liabilities | 101 | 105 | 118 | 140 | 162 | 177 | 176 |
| Total Liabilities | 488 | 510 | 562 | 647 | 779 | 887 | 1,002 |
| Fixed Assets | 181 | 224 | 220 | 219 | 265 | 311 | 371 |
| CWIP | 32 | 2 | 5 | 8 | 17 | 32 | 52 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 276 | 284 | 337 | 420 | 496 | 544 | 579 |
| Total Assets | 488 | 510 | 562 | 647 | 779 | 887 | 1,002 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 72 | 53 | 13 | 28 | 76 | 65 | 108 |
| Cash from Investing Activity | -63 | -18 | -14 | -3 | -115 | -63 | -74 |
| Cash from Financing Activity | 21 | -23 | -7 | -4 | 23 | 37 | -28 |
| Net Cash Flow | 29 | 11 | -8 | 20 | -16 | 39 | 6 |
| Free Cash Flow | 25 | 18 | -2 | -1 | 7 | -11 | -2 |
| CFO/OP | 135% | 104% | 33% | 53% | 122% | 159% | 105% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 56 | 64 | 62 | 77 | 68 | 68 | 62 |
| Inventory Days | 163 | 185 | 237 | 218 | 219 | 195 | 213 |
| Days Payable | 115 | 145 | 125 | 117 | 99 | 98 | 91 |
| Cash Conversion Cycle | 104 | 104 | 174 | 178 | 189 | 165 | 184 |
| Working Capital Days | 8 | 16 | 44 | 66 | 79 | 75 | 73 |
| ROCE % | 12% | 15% | 14% | 10% | 5% | 14% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 70.68% | 70.68% | 70.25% | 70.16% | 70.16% | 70.16% | 70.15% | 69.81% | 69.81% | 69.67% | 69.55% | 69.40% |
| FIIs | 1.66% | 2.10% | 0.31% | 0.11% | 0.12% | 0.11% | 0.17% | 0.05% | 0.35% | 0.24% | 0.10% | 1.17% |
| DIIs | 16.55% | 14.71% | 14.52% | 13.34% | 13.20% | 13.45% | 13.09% | 12.42% | 12.01% | 12.57% | 11.72% | 11.21% |
| Government | 0.00% | 0.00% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 11.10% | 12.51% | 14.87% | 16.41% | 16.53% | 16.29% | 16.59% | 17.70% | 17.83% | 17.52% | 18.63% | 18.21% |
| No. of Shareholders | 52,414 | 35,855 | 35,478 | 39,606 | 42,223 | 42,034 | 41,056 | 40,235 | 35,765 | 33,805 | 32,231 | 30,707 |
Fundamentals
Market Cap₹ 2,799 Cr.
Current Price₹ 724
Stock P/E34.6
Book Value₹ 193
ROCE14.5 %
ROE12.0 %
Dividend Yield0.28 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)110%
Consolidated figures.
Valuation
Market capRs 2,044 Cr
Enterprise valueRs 2,044 Cr
P/E (TTM)25.28x
Price to book5.10x
Price to sales2.61x
EV / EBITDA13.49x
EV / EBIT17.95x
EV / sales2.61x
Price to cash flow74.30x
Earnings yield3.96%
Profitability
Operating margin (excl. other income)13.44%
Operating margin (incl. other income)15.24%
EBITDA margin19.35%
Pre-tax margin13.87%
Net profit margin10.33%
Net margin, latest quarter9.60%
ROE12.63%
ROCE13.96%
ROA7.75%
ROE, 3-year average13.08%
ROCE, 3-year average13.76%
ROA, 3-year average7.82%
ROIC (approx.)23.24%
Tax rate18.17%
Other income / net worth2.56%
Growth
Sales growth (latest year)21.11%
Profit growth (latest year)-0.51%
Sales CAGR, 3 years12.44%
Profit CAGR, 3 years15.50%
Sales growth QoQ-3.21%
Profit growth QoQ-3.40%
Sales growth YoY (latest quarter)4.18%
Profit growth YoY (latest quarter)-3.40%
Per share
EPS (TTM)Rs 27.64
EPS (latest year)Rs 16.01
EPS (latest quarter)Rs 6.51
EPS, 3-year averageRs 23.98
Book value per shareRs 137.10
Sales per shareRs 267.72
Cash flow per shareRs 9.40
Free cash flow per shareRs -0.68
Efficiency
Asset turnover0.88x
Fixed asset turnover2.60x
Inventory turnover1.95x
Inventory days187 days
Debtor days77 days
Debtors turnover4.71x
Creditor days91 days
Cash conversion cycle184 days
Working capital days73 days
Leverage
Total debtRs 106 Cr
Cash and bankRs 106 Cr
Net debtRs -0 Cr
Debt to equity0.26x
Net debt / EBITDA-0.00x
Interest coverage21.64x
Current ratio (filing 2026-03-31)3.02x
Quick ratio (filing 2026-03-31)2.05x
Trade payables (filing 2026-03-31)Rs 74 Cr
Owners' fund to total sources62.00%
Debt to assets16.37%
Cash flow
Cash from Operating Activity (latest year)Rs 28 Cr
Cash from Investing Activity (latest year)Rs -3 Cr
Cash from Financing Activity (latest year)Rs -4 Cr
Net Cash Flow (latest year)Rs 20 Cr
Free cash flow (latest year)Rs -2 Cr
FCFE (approx.: FCF + change in debt)Rs 1 Cr
Cash from ops / profit, 5 years1.19x
Sales to cash flow20.70x
Statement figures
Net sales (TTM)Rs 783 Cr
Net sales (latest year)Rs 570 Cr
Sales (latest quarter)Rs 198 Cr
Operating profit excl. other income (latest year)Rs 77 Cr
Operating profit (latest quarter)Rs 33 Cr
Other income (TTM)Rs 20 Cr
EBITDA (TTM)Rs 151 Cr
PBDT (TTM)Rs 146 Cr
Profit before tax (TTM)Rs 109 Cr
Tax (latest year)Rs 11 Cr
Net profit (TTM)Rs 81 Cr
Net profit (latest year)Rs 47 Cr
Net profit (latest quarter)Rs 19 Cr
Depreciation (TTM)Rs 38 Cr
Depreciation (latest quarter)Rs 9 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 300 Cr
Total expenditure (latest year)Rs 493 Cr
Total income (latest year)Rs 580 Cr
Share capitalRs 29 Cr
ReservesRs 372 Cr
Shareholders' fundsRs 401 Cr
Total assetsRs 647 Cr
Net blockRs 219 Cr
Capital work in progressRs 8 Cr
InvestmentsRs 0 Cr
ReceivablesRs 121 Cr
InventoryRs 154 Cr
Other liabilitiesRs 140 Cr
Shares outstanding (crore)2.92
Ownership
Promoter holding69.40% (-0.41 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 25.3 is at the 26th percentile of its own 3.2-year range
(median 31.4, low 15.0, high 57.4).
P/B 5.10 is at the 79th percentile (median 3.66).
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.
| Period | RISHABH | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -0.8% | -2.8% | +2.0 pts |
| 1 month | +0.4% | -6.8% | +7.2 pts |
| 3 months | +7.6% | -7.6% | +15.2 pts |
| 6 months | +100.2% | +0.4% | +99.8 pts |
| 1 year | +71.9% | -9.9% | +81.8 pts |
| 2 years | +94.0% | -13.6% | +107.6 pts |
| 3 years | +38.8% | +14.2% | +24.7 pts |
2 mutual fund schemes hold about ₹122 Cr.
Over three months 1 bought more and 1 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Nippon India Small Cap Fund | 0.12% | 95 | +9% |
| Quant Small Cap Fund | 0.08% | 28 | -78% |
Red flags
F-score 4 of 7| explain | Receivables outrunning sales Receivables grew 51% vs sales +21% in 2026 |
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
Jun 2026Sales ₹198 Cr +4.2% vs Jun 2025.
Net profit ₹19 Cr -5.0%.
Against our estimate for Jun 2026: sales -1.4%, profit -13.0% in line. Our estimate for Sep 2026: sales Rs 210 Cr, profit Rs 22 Cr (how).
Activity
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|---|---|---|---|
| Apar Industries Ltd | 74,545 | 61.8 | 31.8 % |
| Waaree Energies Ltd | 68,461 | 17.0 | 38.4 % |
| Premier Energies Ltd | 39,494 | 23.7 | 32.7 % |
| MTAR Technologies Ltd | 22,842 | 166 | 15.2 % |
| Emmvee Photovoltaic Power Ltd | 21,778 | 17.1 | 44.6 % |
| Diamond Power Infrastructure Ltd | 21,055 | 114 | 24.2 % |
| Avalon Technologies Ltd | 15,396 | 115 | 19.3 % |
| Fujiyama Power Systems Ltd | 12,512 | 29.9 | 35.1 % |
| Genus Power Infrastructures Ltd | 8,934 | 13.7 | 25.3 % |
| Waaree Renewable Technologies Ltd | 8,574 | 16.8 | 85.0 % |
| Vikram Solar Ltd | 5,801 | 16.1 | 30.6 % |
| Ram Ratna Wires Ltd | 5,450 | 42.1 | 23.6 % |
| Saatvik Green Energy Ltd | 5,249 | 21.1 | 32.9 % |
| Shilchar Technologies Ltd | 4,613 | 33.5 | 50.7 % |
| Yash Highvoltage Ltd | 3,293 | 84.6 | 28.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-07-24 | Dividend - Rs 2 Per Sh |
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.
Close to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 150perc in previous 12 months
Quick answers
What is the market cap of Rishabh Instruments Ltd?
Rishabh Instruments Ltd (RISHABH) has a market capitalisation of Rs 2,799 Cr. at the 2026-10-01 close.
What is the P/E ratio of Rishabh Instruments Ltd?
Rishabh Instruments Ltd trades at a P/E of 34.6 on trailing twelve-month profit, at the 2026-10-01 close.
What were Rishabh Instruments Ltd's latest quarterly results?
In the Jun 2026 quarter, Rishabh Instruments Ltd sales was Rs 198 Cr (+4.2% vs Jun 2025) and net profit was Rs 19 Cr.
What is the 52-week high and low of Rishabh Instruments Ltd?
The 52-week high is Rs 852.00 and the 52-week low is Rs 315.00.