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Rishabh Instruments Limited (RISHABH.NS)

INR644.50 -8.65 (-1.32%)
IN NSE Technology Hardware, Equipment & Parts
Address F-31, MIDC 422007
Nashik, IN
CEO Narendra Johrimal Goliya
IPO 2023-09-11
ISIN INE0N2P01017

Explore sections of this company profile

Also trades on Bombay Stock Exchange · RISHABH.BO (INR) National Stock Exchange of India · RISHABH.NS (INR)
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's extensive operational reach covers Asia, the United States, Poland, various other European nations, and numerous international markets. Its comprehensive product range encompasses a wide array of devices, such as analog and digital panel meters, current shunts, multifunction meters, electrical isolators, paperless data recorders, digital multimeters, and energy management systems, alongside synchronizing units. Rishabh also supplies protector relays, CAM switches, battery charging units, power quality analysis tools, temperature regulators, clamp meters, genset control systems, and essential accessories. Additionally, their portfolio features current transformers, transducers, diverse power supply products, input/output (I/O) modules and converters, as well as specialized testing equipment like insulation and earth testers. The entity adopted its present name, Rishabh Instruments Limited, in September 2022, having previously operated as Rishabh Instruments Private Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR644.50 -8.65 (-1.32%)
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Volume Profile
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Liquidity & share structure
Average Volume
243.1K
Beta
1.10
Float Shares
11.02M
Free Float %
28.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+3.74% +9.16% +14.19% +42.37% +38.89% +39.37% +87.10% +25.57% +25.57% +25.57% +25.57%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
644.50
DCF (Unlevered) 126.88 -80.3%
DCF (Levered) 489.83 -24.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-06 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
6.43
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Hardware, Equipment & Parts: +10.0%
    +7.6% Q1'26: +9.3% (vs Q1'25)
  • EPS growth Hardware, Equipment & Parts: +20.2%
    +257.1% Q1'26: +204.8% (vs Q1'25)
  • FCF margin FCF growth · Hardware, Equipment & Parts: +27.1%
    +6.4% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Hardware, Equipment & Parts: +8.7%
    +11.7% Q1'26: +11.5% (vs Q1'25)
  • ROIC Hardware, Equipment & Parts: +5.7%
    +11.2% Q1'26: +10.9% (vs Q1'25)
  • Share dilution Hardware, Equipment & Parts: +0.0%
    -5.8% Q1'26: -5.8% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Hardware, Equipment & Parts: -0.70×
    0.64× Q1'26: 0.60× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.14) × ERP
WACC = 96% × Ke + 4% × Kd (6.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 126.48 Current price: 644.50
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
7.58B
7.58B – 7.58B
8.48B
8.48B – 8.48B
+11.8% YoY
10.22B
10.22B – 10.22B
+20.5% YoY
EBITDA
1.06B
1.06B – 1.06B
1.18B
1.18B – 1.18B
+11.8% YoY
1.42B
1.42B – 1.42B
+20.5% YoY
EBIT
748.29M
748.29M – 748.29M
836.81M
836.81M – 836.81M
+11.8% YoY
1.01B
1.01B – 1.01B
+20.5% YoY
Net Income
739.09M
739.09M – 739.09M
944.18M
944.18M – 944.18M
+27.7% YoY
1.22B
1.22B – 1.22B
+29.1% YoY
SGA
1.27B
1.27B – 1.27B
1.42B
1.42B – 1.42B
+11.8% YoY
1.71B
1.71B – 1.71B
+20.5% YoY
EPS
19.10
19.10 – 19.10
24.40
24.40 – 24.40
+27.7% YoY
31.50
31.50 – 31.50
+29.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-12 A 4/5 4/5 4/5 4/5 3/5 3/5 4/5
2026-06-11 A 4/5 4/5 4/5 4/5 3/5 3/5 4/5
2026-06-10 A 4/5 4/5 4/5 4/5 3/5 3/5 4/5
2026-06-09 A 4/5 4/5 4/5 4/5 3/5 3/5 4/5
2026-06-08 A 4/5 4/5 4/5 4/5 3/5 3/5 4/5
2026-06-05 A 4/5 4/5 4/5 4/5 3/5 3/5 4/5
2026-06-04 A 4/5 4/5 4/5 4/5 3/5 3/5 4/5
2026-06-03 A 4/5 4/5 4/5 4/5 3/5 3/5 4/5
2026-06-02 A 4/5 4/5 4/5 4/5 3/5 3/5 4/5
2026-06-01 A 4/5 4/5 4/5 4/5 3/5 3/5 4/5
2026-05-29 A 4/5 4/5 4/5 4/5 3/5 3/5 4/5
2026-05-27 A 4/5 4/5 4/5 4/5 3/5 3/5 4/5
2026-05-26 A 4/5 4/5 4/5 4/5 3/5 3/5 4/5
2026-05-25 A 4/5 4/5 4/5 4/5 3/5 3/5 4/5
2026-05-22 A 4/5 4/5 4/5 4/5 3/5 3/5 4/5
2026-05-21 A 4/5 4/5 4/5 5/5 3/5 3/5 4/5
2026-05-20 A 4/5 3/5 4/5 5/5 3/5 3/5 4/5
2026-05-19 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-05-18 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-05-15 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-05-14 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-05-13 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-05-12 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-05-11 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-05-08 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-05-07 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-05-06 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-05-05 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-05-04 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-04-30 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-04-29 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-04-28 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-04-27 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-04-24 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-04-23 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-04-22 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-04-21 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-04-20 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-04-17 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5
2026-04-16 C- 1/5 2/5 1/5 1/5 1/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
176.77M
OE per share TTM
4.44
Owner's Yield
0.83%
Maintenance CapEx ratio
45.40%
Maint CapEx / Avg PPE
42.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
640.1K
Shares Outstanding
38.62M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Narendra Johrimal Goliya Promoter & Executive Chairman 14M male
Dineshkumar Musalekar Whole-Time Director 13M male
Hemlata Bhavsar Head of Human Resources female
Mahesh Naval Chief Operations Officer male
Nishant Dudhoria Additional GM of Strategy, Finance & PR male
Nitinkumar Sudhir Deshpande Global Head of Marketing & Strategic Business male
Nupur Gupta International Sales Head female
Amol Deshmukh Head of Research & Development male
Vishal Prabhakar Kulkarni Chief Financial Officer male
Arunava Bagchi GM & Head of Profit Centre male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings reports

Stock splits