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Rishabh Instruments Ltd
NSE:RISHABH

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Rishabh Instruments Ltd
NSE:RISHABH
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Price: 387.05 INR 2.08% Market Closed
Market Cap: ₹14.9B

Rishabh Instruments Ltd
Investor Relations

Rishabh Instruments Ltd is a IN-based company operating in Electronic Equipment, Instruments & Components industry. The company is headquartered in Nasik, Maharashtra. The company went IPO on 2023-09-11. Rishabh Instruments Limited is an India-based company, which is engaged in manufacturing, design and development of test and measuring instruments and industrial control products. Its products include protector relays, multifunction meters, paperless recorders, digital multimeter, energy management system, current transformers, battery charger, temperature controller, shunts, insulation testers, genset controllers, CAM switches, digital panel meter and others. The company provides EMI-EMC Testing, Type testing, Environmental testing, Life Cycle testing, Electro-technical Calibration, Mechanical Testing and other services, all under one roof at its lab, providing professional and timely service to product developers. The company also offers a range of Rish Rotary CAM switches that cover applications with different contact designs, contact material and terminals allowing their use as control switches, instrumentation switches, motor control switches and electronic circuitry.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
Feb 6, 2026
AI Summary
Q3 2026

Revenue Growth: Rishabh Instruments reported consolidated Q3 FY '26 revenue of INR 1,836 million, up 1.3% YoY, and 7% YoY growth for the 9-month period.

Profitability Surge: EBITDA for Q3 rose 119.5% YoY to INR 314 million, with margins improving sharply to 17.1%; PAT jumped 162% YoY.

Guidance Achieved Early: The company met its full-year adjusted EBITDA guidance (INR 100.9 crores) within 9 months and is now targeting INR 115–120 crores by FY '26 end.

Strong Margin Expansion: Margin gains were driven by cost optimization, operational efficiency, and favorable product mix; these improvements are described as sustainable.

Segment Dynamics: Electrical & Electronics Instrumentation (EEI) grew 17.7% YoY in Q3 with EBITDA margin at 26.6%; however, High-Pressure Die Casting saw a planned revenue drop of 29.1% as automotive contracts phased out.

Geographic Diversification: The company is expanding aggressively in Africa, the Middle East, and South America, with U.S. and EU policy shifts supporting long-term export growth.

CapEx & New Products: Major capacity expansion at Nashik is set to double output and enable new product launches, with the facility expected to be operational in H2 FY '27.

Optimistic Outlook: Management expects 20–25% annual growth for the EEI segment and maintains focus on margin discipline, R&D investment, and global market expansion.

Key Financials
Revenue
INR 1,836 million
Revenue
INR 5,703 million
EBITDA
INR 314 million
EBITDA Margin
17.1%
EBITDA
INR 932 million
EBITDA Margin
16.3%
PAT
INR 205 million
PAT
INR 622 million
Adjusted EBITDA
INR 100.9 crores
EEI Segment Revenue Growth
17.7% YoY
EEI Segment EBITDA Margin
26.6%
High-Pressure Die Casting Segment Revenue
INR 448 million
High-Pressure Die Casting 9M Revenue
INR 1,806 million
Net Cash and Equivalents
INR 1,230 million (as of Dec 31, '25)
Other Earnings Calls

Management

Mr. Narendra Johrimal Goliya
Executive Chairman
No Bio Available
Mr. Dineshkumar Musalekar
Whole-Time Director
No Bio Available
Mr. Vishal Prabhakar Kulkarni
Chief Financial Officer
No Bio Available
Mr. Ajinkya Joglekar
Company Secretary & Compliance Officer
No Bio Available
Mr. Nitinkumar Sudhir Deshpande
Head of Marketing, Business Development & Profit Centre
No Bio Available
Ms. Hemlata Bhavsar
Head of Human Resources
No Bio Available
Mr. Arunava Bagchi
GM & Head of Profit Centre
No Bio Available
Mr. Amol Deshmukh
Head of Research & Development
No Bio Available
Mr. Anand Purshottam Laddha
Chief Financial of Lumel
No Bio Available

Contacts

Address
MAHARASHTRA
Nasik
F-31, Midc, Satpur
Contacts
+912532202028
rishabh.co.in
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