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Rishabh Instruments Limited (RISHABH) AI Stock Analysis

IN:RISHABH

Rishabh Instruments Limited

(NSE:RISHABH)

Select Model
Rating:71Outperform
Price Target:INR 689.00â–²(12.94% Upside)
Action:upgraded
Date:09/08/26

The overall score of 71 reflects a company with a strong financial foundation and powerful market momentum, offset by a high valuation and weak free cash flow. The primary strength is the robust, low-debt balance sheet, which is complemented by significant bullish technical signals. However, the elevated P/E ratio and minimal free cash flow generation relative to net income are the most significant risks, indicating the stock's current price may be running ahead of its near-term financial realities.

Positive Factors
Profitability reboundThe sharp FY2026 margin recovery indicates materially improved earnings power after the prior-year setback. If operating performance remains stronger, higher profitability can support internal reinvestment, strengthen resilience, and provide a better base for growth over the coming quarters.
Negative Factors
Weak cash conversionInconsistent free cash flow means reported earnings have not reliably translated into surplus cash after investment needs. This can constrain internally funded expansion, reduce flexibility for shareholder returns, and make the quality of the recent profitability improvement more dependent on sustained operating-cash conversion.

Rishabh Instruments Limited (RISHABH) vs. iShares MSCI India ETF (INDA)

-25%0%25%50%75%100%125%IN:RISHABH+60.38%INDA-11.66%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 24.17B
Dividend Yield
0.32%
Average Volume (3M)
20.57K
Price to Earnings (P/E)
29.7
Beta (1Y)
1.87
Revenue Growth
5.64%
EPS Growth
108.01%
Country
India
Employees
563
Sector
General
Sector Strength
55
Industry
Electrical Equipment & Parts

Rishabh Instruments Limited Business Overview & Revenue Model

Company Description

Headquartered in Nashik, India, and established in 1982, Rishabh Instruments Limited is a global entity involved in the conception, development, manufacturing, and distribution of electrical measurement and process optimization solutions. The company...

How the Company Makes Money

Rishabh Instruments makes money primarily by selling its manufactured electrical measurement and monitoring products and related solutions to businesses and institutions. Key revenue streams include: (1) Product sales of metering and instrumentation...

Rishabh Instruments Limited Financial Statement Overview

Summary

Financial performance is solid, anchored by a strong balance sheet (Score: 85) with low debt-to-equity of 0.11. Profitability rebounded in FY2026 with a 10.5% net margin, though margin volatility and weak free cash flow conversion (2.1% of net income) due to high capex temper the overall score.

Income Statement

68Positive

Balance Sheet

85Very Positive

Cash Flow

62Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue7.83B7.75B7.20B6.90B5.70B4.68B
Gross Profit2.19B2.21B1.75B1.10B3.02B2.59B
EBITDA1.48B1.26B629.59M826.35M849.54M825.74M
Net Income808.63M815.33M226.35M396.61M468.17M470.64M
Balance Sheet
Total Assets010.03B8.86B7.80B6.49B5.64B
Cash, Cash Equivalents and Short-Term Investments2.02B2.02B1.98B1.55B1.06B1.05B
Total Debt0805.44M997.41M576.45M1.06B1.03B
Total Liabilities-7.49B2.54B2.72B2.17B2.40B2.18B
Stockholders Equity7.49B7.45B6.11B5.59B4.01B3.40B
Cash Flow
Free Cash Flow023.86M-106.04M70.39M-27.48M-25.64M
Operating Cash Flow01.13B655.88M760.35M275.08M132.82M
Investing Cash Flow0-1.26B-875.91M-1.32B-27.16M-107.60M
Financing Cash Flow0-231.52M428.52M226.44M-45.00M-70.68M

Rishabh Instruments Limited Technical Analysis

Technical Analysis SentimentNegative
Last Price610.05

Price Trends

50DMA710.14Negative
100DMA665.01Negative
200DMA549.44Positive

Market Momentum

MACD-18.77Positive
RSI34.67Neutral
STOCH19.99Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RISHABH, the sentiment is Negative. The current price of 610.05 is below the 20-day moving average (MA) of 671.69, below the 50-day MA of 710.14, and above the 200-day MA of 549.44, indicating a neutral trend. The MACD of -18.77 indicates Positive momentum. The RSI at 34.67 is Neutral, neither overbought nor oversold. The STOCH value of 19.99 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RISHABH.

Rishabh Instruments Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:RISHABH against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:POWERINDIAIN:POWERINDIA73OutperformINR 1.23T105.49―0.03%40.17%123.39%
IN:SYRMAIN:SYRMA73OutperformINR 312.56B84.39―0.09%62.42%72.89%
IN:RISHABHIN:RISHABH71OutperformINR 24.13B29.73―0.32%5.64%108.01%
IN:AVALONIN:AVALON61NeutralINR 137.03B102.41――44.38%65.57%
IN:CYIENTDLMIN:CYIENTDLM58NeutralINR 59.58B70.91――-1.51%2.80%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:CENTUMIN:CENTUM49NeutralINR 58.94B111.26―0.13%-1.41%605.33%

* General Sector Average

Performance Comparison

0%50%100%IN:RISHABHIN:AVALONIN:CENTUMIN:CYIENTDLMIN:POWERINDIAIN:SYRMADec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:RISHABH and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:RISHABHRishabh Instruments Limited623.50234.7360.38%
IN:AVALONAvalon Technologies Limited2048.80899.7578.30%
IN:CENTUMCentum Electronics Limited3992.901533.3362.34%
IN:CYIENTDLMCyient DLM Limited750.50296.0565.14%
IN:POWERINDIAHitachi Energy India Limited27560.007034.9934.28%
IN:SYRMASyrma SGS Technology Limited1620.90837.20106.83%

Rishabh Instruments Limited Corporate Events

Rishabh Instruments Files Q1 FY27 Investor Presentation with Exchanges

Aug 16, 2026

Rishabh Instruments Limited has released an investor earnings presentation covering its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The update, circulated to both the National Stock Exchange of India a...

Rishabh Instruments Publishes Q1 FY27 Unaudited Results in Newspapers

Aug 16, 2026

Rishabh Instruments Limited, a listed player in the electrical and industrial instrumentation space, provides measurement and control solutions to industrial and infrastructure clients, and maintains an active presence on major Indian exchanges. Its...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 08, 2026