Rishabh Instruments Limited

BSE: RISHABH543977ISIN INE0N2P01017

Industrials
Other Electrical Equipment
BSE Industrials

Share price

₹640.80+30.10 (+4.93%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹850.50
52W low: ₹315.50
Off 52W high: -24.66%
1M return: -6.70%
3M return: -0.99%
6M return: +28.21%
1Y return: +64.31%
20D avg volume: 13,829
50 DMA: ₹706.34
200 DMA: ₹554.01

Key ratios Consolidated

Market cap: ₹2,488 Cr
Current price: ₹640.80
52W high / low: ₹850.50 / ₹315.50
Face value: ₹10.00
P/E: 30.24
P/B: 3.32
EPS (TTM): ₹21.19
Book value / share: ₹193.21
ROE: —
ROCE: 13.50%
Operating margin: —
Net margin: —
Debt / equity: 0.10
Net debt: ₹-22.13 Cr
Interest cover: 20.27
Dividend yield: 0.31%
Dividend / share (TTM): ₹2.00
Payout: 9.44%
Cash conversion cycle: 108.4 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	198.28	204.86	183.62	196.33	190.33	187.45	181.19	182.36	169.34	177.91	159.31	180.06
	3.64	5.92	5.61	4.92	4.25	2.56	5.04	3.04	3.90	2.14	3.79	1.62
	201.93	210.78	189.23	201.25	194.58	190.01	186.22	185.40	173.25	180.05	163.09	181.69
	175.36	183.19	163.35	172.73	170.62	180.91	175.29	179.89	168.63	168.83	159.90	156.34
	77.82	62.18	69.48	59.55	63.32	87.56	61.39	73.12	49.75	63.98	57.42	70.18
	8.32	11.34	9.61	10.60	11.03	0.84	13.68	4.04	15.17	5.58	23.78	6.50
	59.34	52.96	59.54	55.04	57.06	53.77	54.33	56.36	52.94	55.08	48.18	49.26
	0.93	1.87	1.37	1.09	1.18	1.65	1.35	1.70	0.80	0.14	0.61	1.38
	9.47	9.75	9.74	8.68	7.51	7.99	7.05	6.24	6.03	8.81	4.76	6.58
	31.04	33.06	28.11	33.28	35.92	44.73	35.27	39.18	34.45	36.02	34.10	23.60
	26.56	27.59	25.88	28.52	23.96	9.10	10.93	5.50	4.62	11.22	3.20	25.35
	0.01	0.01	0.00	0.01	0.00	0.02	0.00	0.00	0.00	0.00	0.00	0.00
	26.57	27.61	25.88	28.53	23.96	9.11	10.93	5.50	4.62	11.22	3.20	25.35
	7.20	7.57	5.37	6.44	4.34	2.91	3.00	1.61	1.41	8.88	4.10	3.12
	19.36	20.03	20.51	22.09	19.62	6.20	7.92	3.88	3.21	2.32	7.29	22.21
	4.93	5.12	5.19	5.77	5.13	1.68	2.07	1.08	0.95	0.61	2.00	5.83
Key metrics
	36.97	39.23	36.99	38.30	32.65	18.75	19.33	13.44	11.45	20.17	8.57	33.31
	18.60%	19.10%	20.10%	19.50%	17.20%	10.00%	10.70%	7.40%	6.80%	11.30%	5.40%	18.50%
	9.80%	9.80%	11.20%	11.30%	10.30%	3.30%	4.40%	2.10%	1.90%	1.30%	4.60%	12.30%
	—	3.60%	—	3.80%	—	1.50%	—	—	—	—	—	—
	4.20%	9.30%	1.30%	7.70%	12.40%	5.40%	13.70%	1.30%	—	—	—	—
	-1.30%	223.10%	159.00%	469.30%	511.20%	167.20%	8.60%	-82.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	783.09	775.15	720.34	689.75
	20.09	20.70	14.53	11.59
	803.19	795.84	734.87	701.33
	694.63	689.88	704.73	650.27
	269.03	254.53	271.82	270.49
	39.87	42.58	33.72	29.61
	226.88	224.60	217.39	199.35
	5.26	5.50	5.50	4.08
	37.64	35.68	27.31	27.60
	125.49	130.37	153.63	129.32
	108.55	105.96	30.14	51.06
	0.03	0.02	-0.01	0.00
	108.59	105.98	30.14	51.06
	26.58	23.72	8.93	11.15
	81.99	82.26	21.21	39.89
	21.01	21.21	5.92	10.71
Key metrics
	151.49	147.16	62.95	82.74
	19.35%	19.00%	8.70%	12.00%
	10.47%	10.60%	2.90%	5.80%
	—	13.50%	5.00%	—
	5.63%	7.60%	4.40%	—
	117.94%	287.80%	-46.80%	—
	—	-1.91	-11.24	—
	—	1.32	3.06	—
	—	0.10	0.16	—
	—	-22.13	5.82	—
	—	108.4	109.1	—
Balance sheet
	—	1,003	886.13	—
	—	532.80	527.34	—
	—	96.41	90.05	—
	—	131.93	135.00	—
	—	172.13	161.72	—
	—	18.98	24.27	—
	—	325.65	273.69	—
	—	73.95	81.38	—
	—	176.21	179.13	—
	—	74.28	95.87	—
	—	36.86	23.48	—
	—	37.42	72.39	—
	—	749.07	614.28	—
Cash flow
	—	108.48	64.95	—
	—	-116.82	-81.60	—
	—	-28.24	37.49	—
	—	110.39	76.19	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	77.60	78.78	61.05	66.01	61.77	68.39	59.24	58.87	52.69	59.08	45.80	62.89
	2.70	3.30	2.99	3.89	3.21	1.82	3.17	2.85	2.08	2.74	1.30	1.40
	80.30	82.08	64.05	69.90	64.98	70.21	62.41	61.72	54.77	61.82	47.10	64.29
	64.25	67.44	52.97	53.06	51.61	58.48	57.02	53.03	49.18	50.53	43.05	50.83
	39.01	38.19	25.92	28.52	26.57	30.66	31.51	31.68	25.06	28.02	25.70	29.03
	2.44	0.73	0.71	0.49	1.95	2.31	0.28	0.36	0.47	0.32	0.31	0.69
	12.04	11.73	13.20	11.67	10.81	11.50	10.57	10.65	11.53	11.12	11.40	10.02
	0.08	0.08	0.09	0.09	0.10	0.01	0.07	0.14	0.05	0.01	0.28	0.23
	4.33	4.66	4.68	4.16	4.01	4.10	3.60	3.03	2.51	3.65	2.28	2.29
	11.04	10.43	8.60	8.79	8.75	9.93	10.04	9.01	7.96	9.89	7.01	6.90
	16.05	14.64	11.08	16.84	13.37	11.73	5.39	8.69	5.59	11.29	4.05	13.46
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—	—
	16.05	14.64	11.08	16.84	13.37	11.73	5.39	8.69	5.59	11.29	4.05	13.46
	4.18	3.90	2.67	4.21	3.49	2.87	1.41	1.87	1.88	7.07	4.90	3.31
	11.87	10.74	8.41	12.64	9.88	8.86	3.98	6.82	3.71	4.23	8.95	10.16
	3.08	2.79	2.19	3.29	2.57	2.32	1.04	1.78	0.97	1.11	2.36	2.73
Key metrics
	20.46	19.38	15.85	21.09	17.48	15.84	9.06	11.86	8.15	14.95	6.61	15.98
	26.40%	24.60%	26.00%	31.90%	28.30%	23.20%	15.30%	20.10%	15.50%	25.30%	14.40%	25.40%
	15.30%	13.60%	13.80%	19.10%	16.00%	13.00%	6.70%	11.60%	7.00%	7.20%	19.50%	16.20%
	—	3.20%	—	3.80%	—	2.90%	—	—	—	—	—	—
	25.60%	15.20%	3.10%	12.10%	17.20%	15.80%	29.30%	-6.40%	—	—	—	—
	20.10%	21.20%	111.30%	85.30%	166.30%	109.50%	-55.50%	-32.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	283.44	267.62	239.19	224.57
	12.88	13.40	9.93	6.04
	296.33	281.01	249.12	230.61
	237.72	225.08	217.72	189.67
	131.64	119.21	118.90	109.11
	4.37	3.87	3.43	1.58
	48.64	47.42	44.24	42.40
	0.34	0.36	0.28	0.67
	17.83	17.51	13.25	9.99
	38.86	36.56	36.96	31.12
	58.61	55.93	31.40	40.93
	0.00	0.00	0.00	—
	58.61	55.93	31.40	40.93
	14.96	14.27	8.02	8.55
	43.66	41.67	23.38	32.38
	11.35	10.84	6.12	8.69
Key metrics
	76.78	73.80	44.93	51.59
	27.09%	27.60%	18.80%	23.00%
	15.40%	15.60%	9.80%	14.40%
	—	12.10%	7.70%	—
	14.17%	11.90%	6.50%	—
	47.80%	78.20%	-27.80%	—
	—	7.84	-3.13	—
	—	1.39	1.60	—
	—	0.00	0.00	—
	—	-12.97	-22.34	—
	—	128.7	138.8	—
Balance sheet
	—	506.29	449.79	—
	—	251.64	274.96	—
	—	12.97	22.34	—
	—	39.03	32.17	—
	—	80.42	81.38	—
	—	10.89	14.33	—
	—	53.98	56.67	—
	—	25.04	22.59	—
	—	41.78	39.58	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	459.63	408.74	—
Cash flow
	—	58.10	37.30	—
	—	-68.30	-33.19	—
	—	0.82	-2.06	—
	—	50.26	40.43	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +14.17%
Profit YoY (TTM): +47.80%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +5.63%
Profit YoY (TTM): +117.94%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 69.26%

Quarter	September 2026	June 2026
Promoter %	69.26%	69.41%

Holder	Type	Holding	Previous	Change
NARENDRA JOHARIMAL GOLIYA JOINTLY WITH ASHA NARENDRA GOLIYA	Promoter	42.01%	42.09%	-0.08%
RISHABH FAMILY TRUST-NARENDRA GOLIYA (TRUSTEE), ASHA GOLIYA (TRUSTEE)	Promoter Group	9.30%	9.32%	-0.02%
ANUSHREE FAMILY TRUST-NARENDRA GOLIYA (TRUSTEE), ASHA GOLIYA (TRUSTEE)	Promoter Group	9.30%	9.32%	-0.02%
ASHA NARENDRA GOLIYA JOINTLY WITH NARENDRA JOHARIMAL GOLIYA	Promoter Group	7.75%	7.77%	-0.02%
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMA	Public	3.48%	3.49%	-0.01%
ZAKI ABBAS NASSER	Public	2.70%	1.64%	+1.06%
SHARMIN NASSER	Public	1.64%	1.49%	+0.15%
PERSISTENCE CAPITAL FUND I	Public	1.23%	1.09%	+0.14%
QUANT MUTUAL FUND - QUANT SMALL CAP FUND	Public	1.01%	4.91%	-3.90%
RISHABH NARENDRA GOLIYA JOINTLY WITH NARENDRA JOHARIMAL GOLIYA	Promoter Group	0.90%	0.91%	-0.01%
MOHINI RISHABH GOLIYA	Promoter Group	0.00%	0.00%	0.00%
ANUSHREE NARENDRA GOLIYA JOINTLY WITH NARENDRA JOHARIMAL GOLIYA	Promoter Group	0.00%	0.00%	0.00%
Ivaan Foundation	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Waaree Energies Limited	69,097	2,402.10	17.82	30.60%	+75.43% TTM	+38.40% TTM	-28.70%
Apar Industries Ltd	66,997	16,000.25	48.65	29.20%	+23.42% TTM	+46.58% TTM	+91.81%
Premier Energies Limited	41,021	903.65	24.51	27.80%	+26.70% TTM	+59.90% TTM	-13.70%
Diamond Power Infrastructure Limited	23,020	384.90	83.20	10.60%	+109.34% TTM	+347.90% TTM	+147.13%
MTAR Technologies Limited	18,572	6,037.65	139.17	15.30%	+53.39% TTM	+125.19% TTM	+138.94%
Emmvee Photovoltaic Power Limited	17,052	246.30	12.02	34.80%	—	—	—
Avalon Technologies Limited	13,630	2,037.85	102.02	21.90%	+44.38% TTM	+67.08% TTM	+77.35%
Fujiyama Power Systems Limited	12,055	392.80	—	—	—	—	—
Genus Power Infrastructures Ltd	8,724	286.75	13.39	27.40%	+74.17% TTM	+62.75% TTM	-18.78%
WAAREE RENEWABLE TECHNOLOGIES LIMITED	7,643	732.20	16.04	62.50%	+77.69% TTM	+36.11% TTM	-39.28%
Ram Ratna Wires Ltd.	4,979	533.35	35.13	26.60%	+71.52% TTM	+89.64% TTM	+70.55%
Vikram Solar Limited	4,892	135.00	13.71	21.50%	—	—	-58.10%
Saatvik Green Energy Limited	4,666	367.10	18.83	30.80%	—	—	-30.50%
Yash Highvoltage Limited	3,709	1,240.95	—	27.50%	—	—	+151.48%
Websol Energy System Limited S	2,977	68.57	9.50	48.30%	+76.28% TTM	+57.56% TTM	-43.34%
RAVINDRA ENERGY LIMITED	2,817	141.85	48.42	11.30%	+30.04% TTM	+52.97% TTM	—
Rishabh Instruments Limited	2,488	640.80	30.24	13.50%	+5.63% TTM	+117.94% TTM	+64.31%
Modern Insulators Ltd. S	2,195	465.70	22.93	17.30%	+41.45% TTM	+101.32% TTM	+211.92%
ADVAIT ENERGY TRANSITIONS LIMITED	2,058	1,879.35	29.21	28.00%	+47.68% TTM	+64.93% TTM	+6.94%
Schneider Electric President Systems Ltd S	1,847	2,482.25	—	—	—	—	—
HINDUSTHAN INSULATORS and INDUSTRIES LIMITED	1,726	797.30	—	-3.90%	-10.45% TTM	-31.32% TTM	+446.08%
RIR POWER ELECTRONICS LIMITED S	1,163	146.20	123.90	5.90%	+13.31% TTM	+6.92% TTM	-44.25%
MODISON LIMITED	1,160	357.50	10.25	37.30%	+84.80% TTM	+255.83% TTM	+147.06%
Salzer Electronics Ltd.	867	490.45	19.32	18.20%	+20.81% TTM	-36.73% TTM	-36.19%
INDO SMC Limited S	819	358.55	19.93	29.00%	—	—	—

Filings & corporate actions

Recent announcements

As per Attachment22 Oct 2026 · Company Update / Allotment of ESOP / ESPS
As per Attachment22 Oct 2026 · Company Update / Allotment of ESOP / ESPS
As per Attachment2 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
As per Attachment29 Sep 2026 · Company Update / General
As per Attachment28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
As per Attachment1 Sep 2026 · Company Update / Allotment of ESOP / ESPS
As per attachment.21 Aug 2026 · Others
As per Attachment20 Aug 2026 · Company Update / Earnings Call Transcript
As per Attachment17 Aug 2026 · Company Update / General
As per Attachment16 Aug 2026 · Company Update / Newspaper Publication
As per Attachment16 Aug 2026 · Company Update / Investor Presentation
As per Attachment14 Aug 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
As per Attachment14 Aug 2026 · Result / Financial Results
As per Attachment14 Aug 2026 · Board Meeting / Outcome of Board Meeting
As per Attachment11 Aug 2026 · Company Update / Analyst / Investor Meet
Rishabh Instruments Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve As per Attachment11 Aug 2026 · Board Meeting / Board Meeting
As per Attachment6 Aug 2026 · Company Update / Allotment of ESOP / ESPS
As per Attachment6 Aug 2026 · Company Update / Allotment of ESOP / ESPS
As per Attachment4 Aug 2026 · AGM/EGM / AGM
As per Attachment31 Jul 2026 · AGM/EGM / AGM
As per Attachment10 Jul 2026 · Company Update / Newspaper Publication
As per Attachment9 Jul 2026 · Others / Reg. 34 (1) Annual Report
As per Attachment9 Jul 2026 · Company Update / General
As per Attachment9 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
As per Attachment9 Jul 2026 · AGM/EGM / AGM
As per Attachment3 Jul 2026 · Company Update / General
The Exchange has sought clarification from Rishabh Instruments Ltd on July 03, 2026, with reference to Movement in Volume. <BR><BR>The reply is awaited.3 Jul 2026 · Company Update / Clarification
As per Attachment2 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
As per attachment.29 Jun 2026 · Company Update / Analyst / Investor Meet
As per Attachment26 Jun 2026 · Company Update / Allotment of ESOP / ESPS
As per Attachment25 Jun 2026 · Company Update / General
As per Attachment24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
As per Attachment11 Jun 2026 · Company Update / Allotment of ESOP / ESPS
Intimation of Schedule of Analyst / Institutional Investor meetings to be scheduled on June 15, 2026 under the SEBI (Listing Obligations and Disclosure Requirements), Regulations 20158 Jun 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst / Institutional Investor meetings to be scheduled on June 12, 2026 under the SEBI (Listing Obligations and Disclosure Requirements), Regulations 20158 Jun 2026 · Company Update / Analyst / Investor Meet
Intimation of Schedule of Analyst / Institutional Investor meetings to be scheduled on June 12, 2026 under the SEBI (Listing Obligations and Disclosure Requirements), Regulations 20158 Jun 2026 · Company Update / Analyst / Investor Meet
As per Attachment28 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
As per Attachment24 May 2026 · Company Update / Earnings Call Transcript
As per Attachment20 May 2026 · Company Update / Newspaper Publication
As per attachment.18 May 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 2.0000	24 Jul 2026	24 Jul 2026	—

Board meetings

14 Aug 2026 Board Meeting - Financial Results