Rishi Laser Ltd
BSE:526861
Rishi Laser Ltd
Rishi Laser Ltd. manufactures fabricated sheet metal components. The company is headquartered in Mumbai, Maharashtra. The firm offers parts for excavating machines and manufactures steel fabrications and assemblies for a range of engineering industries. The firm is engaged in four verticals: construction equipment, automotive, rail transportation, and power transmission and distribution. Its services include contract manufacturing, design and development, punching, sheet steel fabrication, bending, laser cutting, welding and surface treatment. The company serves various industries, including textile and general engineering; telecommunications and instrumentations, and earthmoving machinery.
Rishi Laser Ltd. manufactures fabricated sheet metal components. The company is headquartered in Mumbai, Maharashtra. The firm offers parts for excavating machines and manufactures steel fabrications and assemblies for a range of engineering industries. The firm is engaged in four verticals: construction equipment, automotive, rail transportation, and power transmission and distribution. Its services include contract manufacturing, design and development, punching, sheet steel fabrication, bending, laser cutting, welding and surface treatment. The company serves various industries, including textile and general engineering; telecommunications and instrumentations, and earthmoving machinery.
New Plant Operational: Rishi Laser successfully began operations at its new Malur (Bangalore) plant, with full transition and ramp-up expected by end of November and significant revenue contribution starting Q4 FY '26.
Revenue Growth: Q2 FY '26 revenue was INR 42.9 crores, up 9.8% YoY and 4.65% QoQ, reflecting steady growth despite muted steel prices.
Margin Expansion: EBITDA margin improved from 9.1% to 9.93% YoY due to better product mix and higher value-added orders. Margins are expected to remain sustainable.
Short-term Margin Pressure: Temporary increase in personnel costs and margin pressure expected due to operating both old and new plants during the transition; margins expected to normalize from Q4 FY '26 onward.
Automation & Paint Shop Investment: Heavy investment in robotic automation and a new paint shop (operational Q4 FY '26) is expected to boost efficiency, quality, and open new business opportunities.
Capacity & Ramp-up: At 80% utilization, total revenue potential (all plants) estimated at INR 250 crores; new plant alone targeted to reach INR 100 crores annual revenue in 2–3 years.
Export Growth: Exports hit INR 6 crores in Q2. Management sees major export potential, especially to Europe, and expects significant growth if new customer discussions materialize.
Guidance: FY '26 revenue growth projected at around 10%, with FY '27 targeted for 20% growth and further margin improvement.
