As of 6 Nov 2026, Rishabh Instruments trades at 29.9× trailing earnings, in line with the industry P/E of 29.9×, and the shares are 27% below their 52-week high. Sales and net profit grew 10% and 20% a year over 3 years, with ROCE of 13% and ROE of 12%. Debt is 0.11× equity, and its dividend yield is 0.3%. It is a small-cap company with a market cap of ₹2,426 Cr, ranked 2nd of 6 Scientific & Technical Instruments companies by market cap; the shares rose 67% over the past year.
- ₹648.00
- ₹648.00
- ₹613.55
- ₹651.95
- 88.1K
Health check
- ReturnsAhead
+66.8% over a year, better than 5 of 5 peers.
- Price tagIn line
P/E 29.9 vs industry 29.9.
- GrowthSteady
Sales +10.4%, profit +20.3% a year over 3 years.
- ProfitabilityAverage
ROCE 13.5% vs peer median 18.2%.
- Balance sheetFair
Debt 0.11× equity, interest covered 20.3×, Piotroski 5 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹2,426 Cr
- Small cap
- P/E
- 29.9
- Industry 29.9
- Price to book
- 3.23
- Peers 2.30
- Dividend yield
- 0.32%
- ROE
- 12.0%
- Peers 14.5%
- ROCE
- 13.5%
- Peers 18.2%
- Debt to equity
- 0.11
- Debt ₹81 Cr
- EPS (TTM)
- ₹20.90
- Face value ₹10
- OPM (TTM)
- 16.8%
- Net margin 10.3%
- Sales growth
- +4.2%
- Latest quarter vs a year ago
- Profit growth
- −3.4%
- Latest quarter vs a year ago
- Price to sales
- 3.10
- EV/EBITDA 17.5
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
About Rishabh Instruments
Rishabh Instruments Limited engages in the design, development, and manufacturing of global energy efficiency solutions in electrical automation, measurement, and industrial technology in Asia, Europe, and internationally. The company offers electrical automation devices, including transducers, isolators, and temperature controllers; metering, control, and protection devices, such as analogue panel meters, rotary cam switches, current transformers,…
- Headquarters
- Nashik
- Employees
- 563
- Sector
- Technology
- ISIN
- INE0N2P01017
- Website
- rishabh.co.in
Price range
- Avg volume (3M)
- 3 L
- 1-year return
- plus 66.8%
- From 52-week high
- minus 26.6%
Peers · Scientific & Technical Instruments
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TEMPSENSTempsens Instruments (India) | 523.20 | minus 3.56% | 4,386 | 60.5 | 6.90 | 18.2% | 14.5% | 16.7% | 23.3% | 26.5% | 0.00% | minus 10.8% |
| RISHABHRishabh Instruments | 625.00 | minus 4.13% | 2,426 | 29.9 | 3.23 | 13.5% | 12.0% | 16.8% | 10.4% | 20.3% | 0.32% | plus 66.8% |
| KWICKKwick Forensic Solutions | 188.15 | minus 3.17% | 403 | 29.9 | 7.67 | 44.0% | 39.0% | 17.5% | – | – | 0.00% | plus 19.5% |
| JGTLJasch Gauging Technologies | 503.30 | minus 0.15% | 228 | 15.1 | 2.22 | 19.8% | 14.9% | 23.9% | −4.7% | −4.6% | 3.97% | minus 16.6% |
| NITIRAJNitiraj Engineers | 184.46 | minus 3.52% | 189 | 78.5 | 2.30 | 1.6% | 1.3% | 10.0% | 0.2% | – | 0.00% | plus 0.1% |
| TELOGICATelogica | 7.49 | plus 0.27% | 49 | – | 1.48 | 5.5% | 6.2% | 5.5% | 93.9% | – | 0.00% | minus 45.7% |
| Median of 5 peers | – | −3.17% | 228 | 45.2 | 2.30 | 18.2% | 14.5% | 16.7% | 11.8% | 11.0% | 0.00% | −10.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 190 | 196 | 184 | 205 | 198 | |
| 162 | 163 | 152 | 172 | 165 | |
| 28.4 | 33.4 | 31.4 | 33.3 | 33.3 | |
| 14.9% | 17.0% | 17.1% | 16.2% | 16.8% | |
| 4.2 | 4.9 | 5.6 | 5.9 | 3.6 | |
| 1.2 | 1.1 | 1.4 | 1.9 | 0.9 | |
| 7.5 | 8.7 | 9.7 | 9.7 | 9.5 | |
| 24 | 28.5 | 25.9 | 27.6 | 26.6 | |
| 18.1% | 22.6% | 20.7% | 27.4% | 27.1% | |
| 19.7 | 22.2 | 20 | 19.7 | 19 | |
| 5.12 | 5.75 | 5.17 | 5.09 | 4.89 |
Profit & loss
- Sales CAGR 3Y
- +10.4%
- Profit CAGR 3Y
- +20.3%
- EPS CAGR 3Y
- +19.5%
- ROE
- 12.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 563 | 679 | 707 | 758 | |
| – | +20.7% | +4.2% | +7.2% | |
| 486 | 607 | 658 | 631 | |
| 76.9 | 71.8 | 49.3 | 127 | |
| 13.7% | 10.6% | 7.0% | 16.8% | |
| 7.8 | 10.8 | 14 | 20.2 | |
| 3.8 | 4 | 5.5 | 5.5 | |
| 20.5 | 27.6 | 27.6 | 35.7 | |
| 0.3 | 0.1 | −0.3 | −0.3 | |
| 60.7 | 51 | 29.8 | 106 | |
| 18.2% | 21.9% | 29.7% | 22.4% | |
| 46.8 | 39.7 | 22.4 | 81.5 | |
| – | minus 15.3% | minus 43.5% | +264.0% | |
| 12.33 | 10.54 | 5.84 | 21.07 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 40.1 | 38.2 | 38.2 | 38.5 | |
| 350 | 521 | 573 | 706 | |
| 106 | 57.6 | 99.7 | 80.5 | |
| 153 | 164 | 177 | 177 | |
| 649 | 781 | 888 | 1,003 | |
| 208 | 254 | 306 | 369 | |
| 15.8 | 14.8 | 28.8 | 43.8 | |
| 0.5 | 0.7 | – | 26.8 | |
| 107 | 159 | 199 | 203 | |
| 317 | 353 | 355 | 359 | |
| 649 | 781 | 888 | 1,003 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 27.5 | 76 | 65 | 108 | |
| −2.7 | −132 | −81.6 | −117 | |
| −4.5 | 22.6 | 37.5 | −28.2 | |
| 20.3 | −33.5 | 20.8 | −36.6 | |
| −30.3 | −69 | −76.2 | −110 | |
| −2.7 | 7 | −11.2 | −1.9 | |
| −0.9 | −0.9 | – | – |
Shareholding pattern
- Promoters69.28%
- Public30.72%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 69.28% | 30.72% | minus 0.12 | |
| 30 Jun 2026 | 69.40% | 30.60% | minus 0.15 | |
| 31 Mar 2026 | 69.55% | 30.45% | minus 0.12 | |
| 31 Dec 2025 | 69.67% | 30.33% | minus 0.14 | |
| 30 Sep 2025 | 69.81% | 30.19% | – |
Major shareholders
Filings & events
News
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