New Risk • Jun 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹550, the stock trades at a trailing P/E ratio of 26x. Average forward P/E is 49x in the Electronic industry in India. Total returns to shareholders of 84% over the past year. New Risk • May 24
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 0.4% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • May 19
Full year 2026 earnings released: EPS: ₹21.21 (vs ₹5.92 in FY 2025) Full year 2026 results: EPS: ₹21.21 (up from ₹5.92 in FY 2025). Revenue: ₹7.96b (up 11% from FY 2025). Net income: ₹815.3m (up 260% from FY 2025). Profit margin: 10% (up from 3.1% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in India. Ankündigung • May 12
Rishabh Instruments Limited to Report Q4, 2026 Results on May 18, 2026 Rishabh Instruments Limited announced that they will report Q4, 2026 results on May 18, 2026 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹407, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 25x in the Electronic industry in India. Total returns to shareholders of 82% over the past year. Reported Earnings • Feb 06
Third quarter 2026 earnings released: EPS: ₹5.19 (vs ₹2.07 in 3Q 2025) Third quarter 2026 results: EPS: ₹5.19 (up from ₹2.07 in 3Q 2025). Revenue: ₹1.89b (up 4.4% from 3Q 2025). Net income: ₹199.8m (up 136% from 3Q 2025). Profit margin: 11% (up from 4.7% in 3Q 2025). The increase in margin was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹395, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 27x in the Electronic industry in India. Total returns to shareholders of 37% over the past year. Ankündigung • Jan 30
Rishabh Instruments Limited to Report Q3, 2026 Results on Feb 05, 2026 Rishabh Instruments Limited announced that they will report Q3, 2026 results on Feb 05, 2026 New Risk • Jan 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.8% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹437, the stock trades at a trailing P/E ratio of 43.5x. Average trailing P/E is 41x in the Electronic industry in India. Total returns to shareholders of 32% over the past year. Ankündigung • Nov 05
Rishabh Instruments Limited to Report Q2, 2026 Results on Nov 13, 2025 Rishabh Instruments Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹475, the stock trades at a trailing P/E ratio of 47.2x. Average trailing P/E is 44x in the Electronic industry in India. Total returns to shareholders of 25% over the past year. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: ₹5.13 (vs ₹0.95 in 1Q 2025) First quarter 2026 results: EPS: ₹5.13 (up from ₹0.95 in 1Q 2025). Revenue: ₹1.95b (up 15% from 1Q 2025). Net income: ₹197.0m (up 441% from 1Q 2025). Profit margin: 10% (up from 2.1% in 1Q 2025). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹358, the stock trades at a trailing P/E ratio of 60.7x. Average trailing P/E is 38x in the Electronic industry in India. Total loss to shareholders of 4.4% over the past year. Ankündigung • Aug 01
Rishabh Instruments Limited Announces P. K. Ramakrishnan Declines Re-Election as a Director Rishabh Instruments Limited announced that Mr. P. K. Ramakrishnan, Director, liable to retire by rotation, does not seek re-election at the Annual General Meeting. Reported Earnings • Jul 10
Full year 2025 earnings released: EPS: ₹5.92 (vs ₹10.65 in FY 2024) Full year 2025 results: EPS: ₹5.92 (down from ₹10.65 in FY 2024). Revenue: ₹7.20b (up 4.4% from FY 2024). Net income: ₹226.4m (down 43% from FY 2024). Profit margin: 3.1% (down from 5.8% in FY 2024). The decrease in margin was driven by higher expenses. Ankündigung • Jul 09
Rishabh Instruments Limited, Annual General Meeting, Jul 30, 2025 Rishabh Instruments Limited, Annual General Meeting, Jul 30, 2025, at 12:00 Indian Standard Time. Board Change • Jun 05
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Rajendra Bagwe was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 28
Full year 2025 earnings released: EPS: ₹5.92 (vs ₹10.65 in FY 2024) Full year 2025 results: EPS: ₹5.92 (down from ₹10.65 in FY 2024). Revenue: ₹7.35b (up 6.5% from FY 2024). Net income: ₹226.4m (down 43% from FY 2024). Profit margin: 3.1% (down from 5.8% in FY 2024). The decrease in margin was driven by higher expenses. Ankündigung • May 21
Rishabh Instruments Limited to Report Q4, 2025 Results on May 27, 2025 Rishabh Instruments Limited announced that they will report Q4, 2025 results on May 27, 2025 Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹283, the stock trades at a trailing P/E ratio of 58.4x. Average trailing P/E is 45x in the Electronic industry in India. Total loss to shareholders of 42% over the past year. New Risk • Apr 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin). Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹287, the stock trades at a trailing P/E ratio of 58.8x. Average trailing P/E is 42x in the Electronic industry in India. Total loss to shareholders of 35% over the past year. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹241, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 38x in the Electronic industry in India. Total loss to shareholders of 44% over the past year. New Risk • Feb 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.51b (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.5% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (2.6% net profit margin). Market cap is less than US$100m (₹8.51b market cap, or US$97.9m). Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₹250, the stock trades at a trailing P/E ratio of 51.2x. Average trailing P/E is 44x in the Electronic industry in India. Total loss to shareholders of 53% over the past year. Reported Earnings • Feb 09
Third quarter 2025 earnings released: EPS: ₹2.07 (vs ₹2.00 in 3Q 2024) Third quarter 2025 results: EPS: ₹2.07 (up from ₹2.00 in 3Q 2024). Revenue: ₹1.81b (up 14% from 3Q 2024). Net income: ₹84.7m (up 11% from 3Q 2024). Profit margin: 4.7% (down from 4.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Ankündigung • Feb 04
Rishabh Instruments Limited Appoints Mahesh Naval as the Chief Operations Officer Rishabh Instruments Limited informed that Mr. Mahesh Naval has been appointed as the Chief Operations Officer and as a Senior Management Personnel of the Company with effect from the closure of the business hours of February 3, 2025. Mr. Mahesh Naval holds BE in Electronics & Telecommunication and brings over 25 years of operational expertise. His career includes leadership roles at Radiant Appliances, LG, Celetronix, Globatronix, and MIRC, overseeing the production of LED TVs, Smart Watches, Telecom products, and other digital goods. At Radiant Appliances, he served as VP of Operations, managing three factories. Mr. Naval has significant experience in executing large-scale projects, including a 350K sq. ft. greenfield project with high- speed TV lines, SMT lines, and robotic installations. He has also implemented LEAN concepts and received the Silver award for Best Executive Manager from LG Electronics. In his new role, he will oversee all digital production and operations, including SMT, TMI, procurement, logistics, quality assurance, and automation. He will drive key initiatives such as value stream mapping, cost reduction, inventory optimization, and further SAP digitization in production. Ankündigung • Feb 03
Rishabh Instruments Limited to Report Q3, 2025 Results on Feb 07, 2025 Rishabh Instruments Limited announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹1.08 (vs ₹5.83 in 2Q 2024) Second quarter 2025 results: EPS: ₹1.08 (down from ₹5.83 in 2Q 2024). Revenue: ₹1.85b (up 3.0% from 2Q 2024). Net income: ₹41.3m (down 81% from 2Q 2024). Profit margin: 2.2% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Ankündigung • Nov 04
Rishabh Instruments Limited to Report Q2, 2025 Results on Nov 12, 2024 Rishabh Instruments Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Ankündigung • Aug 23
Rishabh Instruments Limited, Annual General Meeting, Sep 13, 2024 Rishabh Instruments Limited, Annual General Meeting, Sep 13, 2024, at 14:00 Indian Standard Time. Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: ₹0.95 (vs ₹3.99 in 1Q 2024) First quarter 2025 results: EPS: ₹0.95 (down from ₹3.99 in 1Q 2024). Revenue: ₹1.73b (down 1.7% from 1Q 2024). Net income: ₹36.4m (down 76% from 1Q 2024). Profit margin: 2.1% (down from 8.4% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Ankündigung • Aug 09
Rishabh Instruments Limited Announces Re-Designation of Narendra Goliya from Chairman and Managing Director to Executive Chairman Rishabh Instruments Limited announced re-designation of Narendra Goliya from Chairman and Managing Director to Executive Chairman. Reason for change viz. appointment, re- appointment, resignation, removal, death or otherwise: Mr. Narendra Goliya's redesignation reflects a strategic shift to enhance governance and operational focus. This change will allow him to concentrate on high-level strategic oversight and long-term vision while delegating day-to-day management to a dedicated team. His continued leadership will be pivotal in steering the Company's growth and innovation. Brief profile (in case of appointment): Mr. Narendra Goliya aged 72 Years is an Electrical Engineer from the Indian Institute of Technology and post graduate in Micro Electronics from Stanford University, USA. He is an entrepreneur managing Rishabh Instruments, a manufacturer of world class Electronic Instruments, EnergySolution Labs Private Limited, Lumel S.A, & Lumel Alucast S.A. Poland Company based in Zielona Gora, which was acquired in July 2011. He has served has a Chairman and Managing Director of the Company w.e.f. September 8, 2022 to till date. He takes keen interest in the education of children and development of educational institutes, lecturing extensively in engineering and management colleges. He has made a blue print of the JITO University which is being formed by Jain International Trade Organization. He does a lot of philanthropic work for education and medical work. He is the Founder Chief Patron of JITO and has travelled widely throughout the world and has excellent relationship with Indian & International Companies. Mr. Goliya has been honoured by the award `Poladi Manase' (Iron Man) and a book has been published by "Polad Udyamita Pratishthan" titled as "Poladi Manase Nashik District". Mr. Goliya has been conferred by Gold Zyloty at the hands of Mayor of Zielona Gora. Mr. Goliya has also been conferred by Nashik Bhushan Award by Rotary Club of Nashik for his outstanding contribution to the industrial sector in Nashik,effect from August 9, 2024. Ankündigung • Aug 02
Rishabh Instruments Limited to Report Q1, 2025 Results on Aug 09, 2024 Rishabh Instruments Limited announced that they will report Q1, 2025 results on Aug 09, 2024 Recent Insider Transactions • Jun 22
GM & Head of Profit Centre recently sold ₹2.3m worth of stock On the 18th of June, Arunava Bagchi sold around 5k shares on-market at roughly ₹440 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹6.8m more than they bought in the last 12 months. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹10.71 (vs ₹12.84 in FY 2023) Full year 2024 results: EPS: ₹10.71 (down from ₹12.84 in FY 2023). Revenue: ₹7.01b (up 23% from FY 2023). Net income: ₹396.6m (down 15% from FY 2023). Profit margin: 5.7% (down from 8.2% in FY 2023). The decrease in margin was driven by higher expenses. Ankündigung • May 25
Rishabh Instruments Limited to Report Q4, 2024 Results on May 29, 2024 Rishabh Instruments Limited announced that they will report Q4, 2024 results on May 29, 2024 Reported Earnings • Feb 14
Third quarter 2024 earnings released Third quarter 2024 results: EPS: ₹2.00. Net income: ₹76.1m (up ₹76.1m from 3Q 2023). Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹501, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 53x in the Electronic industry in India. Ankündigung • Feb 06
Rishabh Instruments Limited to Report Q3, 2024 Results on Feb 12, 2024 Rishabh Instruments Limited announced that they will report Q3, 2024 results on Feb 12, 2024 Buy Or Sell Opportunity • Jan 31
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to ₹597. The fair value is estimated to be ₹497, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last year. Earnings per share has grown by 29%. Reported Earnings • Nov 13
Second quarter 2024 earnings released: EPS: ₹5.83 (vs ₹4.30 in 2Q 2023) Second quarter 2024 results: EPS: ₹5.83 (up from ₹4.30 in 2Q 2023). Revenue: ₹1.80b (up 17% from 2Q 2023). Net income: ₹217.0m (up 39% from 2Q 2023). Profit margin: 12% (up from 10% in 2Q 2023). The increase in margin was driven by higher revenue. Ankündigung • Nov 04
Rishabh Instruments Limited to Report Q2, 2024 Results on Nov 10, 2023 Rishabh Instruments Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Ankündigung • Nov 02
Rishabh Instruments Limited Announces Board Changes Rishabh Instruments Limited Announces Mr. Alipt Sharma and Mr. Krishnan Ganesan tendered their resignation as Non-Executive Nominee Directors of the Company pursuant to SACEF Holdings II (the Investor) sold its 100% shareholding through an offer for sale in the Initial Public Offer. Resigned with effect from the close of business hours of October 30, 2023. Mr. Alipt Sharma and Mr. Krishnan Ganesan automatically ceased to be Members of the Committees of Rishabh Instruments Limited with effect from October 30, 2023. Rishabh Instruments Limited Stakeholder Relationship Committee and Rishabh Instruments Limited Nomination and Remuneration Committee Corporate Social Responsibility Committee. Ankündigung • Sep 24
Rishabh Instruments Limited to Report Q1, 2024 Results on Sep 30, 2023 Rishabh Instruments Limited announced that they will report Q1, 2024 results on Sep 30, 2023