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Rishabh Instruments Limited
(RISHABH)
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Rating:68Neutral
Price Target:
₹807.00
▲(107.70% Upside)
Action:Downgraded
Date:07/03/26
The score is supported primarily by improving financial performance (notably FY2026 margin and ROE rebound) and a solid, low-leverage balance sheet, with additional support from a strong technical uptrend. Offsetting these positives are weak and inconsistent free cash flow conversion and a relatively high P/E valuation that increases sensitivity to execution and cash-flow follow-through.
Positive Factors
Profitability rebound
The sharp FY2026 margin recovery indicates materially improved earnings power after the prior-year weakness. If operating performance remains stronger, higher profitability can support internal reinvestment, improve resilience, and provide a better base for compounding over the next several quarters.
Negative Factors
Weak free cash conversion
Low conversion of reported earnings into surplus cash limits financial flexibility and makes performance more dependent on continued operating improvement. Without steadier free cash generation, the company may have less capacity to fund expansion, returns to shareholders, or unexpected needs internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability rebound
The sharp FY2026 margin recovery indicates materially improved earnings power after the prior-year weakness. If operating performance remains stronger, higher profitability can support internal reinvestment, improve resilience, and provide a better base for compounding over the next several quarters.
Read all positive factors
Rishabh Instruments Limited (RISHABH) vs. iShares MSCI India ETF (INDA)
Market Cap
₹28.64B
Dividend Yield0.27%
Average Volume (3M)25.14K
Price to Earnings (P/E)35.4
Beta (1Y)1.91
Revenue Growth5.64%
EPS Growth108.01%
CountryIN
Employees563
SectorGeneral
Sector StrengthN/A
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)21.01
Shares Outstanding38,692,574
10 Day Avg. Volume21,971
30 Day Avg. Volume25,137
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)1.80
Price to Sales (P/S)1.73
P/FCF Ratio562.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 comp...
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 instrumentati...
Rishabh Instruments Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
80
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.83B | 7.75B | 7.20B | 6.90B | 5.70B | 4.68B |
| Gross Profit | 2.19B | 2.21B | 1.75B | 4.00B | 3.02B | 2.59B |
| EBITDA | 1.48B | 1.26B | 629.59M | 826.35M | 849.54M | 825.74M |
| Net Income | 808.63M | 815.33M | 226.35M | 396.61M | 468.17M | 470.64M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 10.03B | 8.86B | 7.80B | 6.49B | 5.64B |
| Cash, Cash Equivalents and Short-Term Investments | 2.02B | 2.02B | 1.98B | 1.55B | 1.06B | 1.05B |
| Total Debt | 0.00 | 805.44M | 980.33M | 576.45M | 1.06B | 1.03B |
| Total Liabilities | -7.49B | 2.54B | 2.72B | 2.17B | 2.40B | 2.18B |
| Stockholders Equity | 7.49B | 7.45B | 6.11B | 5.59B | 4.01B | 3.40B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 23.86M | -106.04M | 70.39M | -27.48M | -25.64M |
| Operating Cash Flow | 0.00 | 1.13B | 655.88M | 760.35M | 275.08M | 132.82M |
| Investing Cash Flow | 0.00 | -1.26B | -875.91M | -1.32B | -27.16M | -107.60M |
| Financing Cash Flow | 0.00 | -231.52M | 428.52M | 226.44M | -45.00M | -70.68M |
Rishabh Instruments Limited Technical Analysis
Positive
388.55
Price Trends
656.83
Positive
585.84
Positive
492.70
Positive
Market Momentum
23.27
Negative
65.66
Neutral
84.38
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RISHABH, the sentiment is Positive. The current price of 388.55 is below the 20-day moving average (MA) of 691.02, below the 50-day MA of 656.83, and below the 200-day MA of 492.70, indicating a bullish trend. The MACD of 23.27 indicates Negative momentum. The RSI at 65.66 is Neutral, neither overbought nor oversold. The STOCH value of 84.38 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RISHABH.
Rishabh Instruments Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹1.41T | 122.63 | ― | 0.03% | 40.17% | 123.39% | |
69 Neutral | ₹281.33B | 75.80 | ― | 0.10% | 53.03% | 70.86% | |
68 Neutral | ₹28.64B | 35.39 | ― | 0.27% | 5.64% | 108.01% | |
60 Neutral | ₹146.77B | 109.11 | ― | ― | 44.38% | 65.57% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹67.97B | 82.66 | ― | ― | -11.90% | 26.33% | |
43 Neutral | ₹55.63B | 104.76 | ― | 0.13% | -1.41% | 605.33% |
* General Sector Average
IN:RISHABH
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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 Indi...
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. I...
Rishabh Instruments Sets July 24, 2026 Record Date for Dividend and AGM Voting
Jul 12, 2026
Rishabh Instruments Limited has set July 24, 2026 as the record and cut-off date to determine shareholders eligible to vote and receive dividend at its 43rd Annual General Meeting. The designation of this date provides clarity to investors on enti...
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.