Is Rishabh Instruments a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rishabh Instruments Ltd is a below average quality company .

Is Rishabh Instruments undervalued or overvalued?

The key valuation ratios of Rishabh Instruments Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Rishabh Instruments share price return in the past 10 years?

Data is not available for this company

Is Rishabh Instruments a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rishabh Instruments Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Rishabh Instruments Ltd - Stock Valuation and Financial Performance

Name: Rishabh Instruments
Brand: Rishabh Instruments

BSE: 543977 | NSE: RISHABH | Electric Equipment | Small Cap

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Rishabh Instruments Share Price

₹324 -6.05 -1.83%
as on 21-Nov'24 16:00

10 Year X-Ray of Rishabh Instruments:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	13.3%	9.9%	7%	2.8%	8.5%	8.5%	8.7%	6.9%	10.7%	13.2%	-
Value Creation Index ⓘ	-0.1	-0.3	-0.5	-0.8	-0.4	-0.4	-0.4	-0.5	-0.2	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	117	111	116	117	143	138	127	152	196	225	216
Sales YoY Gr.	-	-5.7%	5%	0.4%	22.6%	-3.8%	-7.8%	19.7%	29%	14.6%	-
Adj EPS ⓘ	4.5	5	3.7	1.5	3.9	4.2	4.6	3.3	5.9	8.4	6.2
YoY Gr.	-	11.5%	-26.2%	-59%	157.3%	8.6%	10.3%	-29.2%	79.8%	43.2%	-
BVPS (₹) ⓘ	49	54.5	58.3	59.8	64	68.2	66.4	70	76.3	89.6	101.5
Adj Net Profit ⓘ	13	14.5	10.7	4.4	11.3	12.3	13.5	9.6	17.2	32.2	24
Cash Flow from Ops. ⓘ	4.1	19.2	10.7	12.8	9	21.2	19.9	-1.3	-2.6	34.4	-
Debt/CF from Ops. ⓘ	3.8	0.9	1.9	1.5	1.7	1.4	1	-21.4	-8.4	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.5%	9.4%	21%	14.6%
Adj EPS ⓘ	7.3%	16.9%	22.2%	43.2%
BVPSⓘ	6.9%	7%	10.5%	17.3%
Share Price	-	-	-	-37.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	8.9	8.8	6	2.4	5.8	5.9	6.5	4.5	7.5	10.5	6.5
Op. Profit Mgn % ⓘ	19	15.3	12.3	7.2	14.2	15.5	18	13.2	16.2	20.6	15.1
Net Profit Mgn % ⓘ	11.1	13.1	9.2	3.8	7.9	8.9	10.7	6.3	8.8	14.3	11
Debt to Equity ⓘ	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0	0
Working Cap Days ⓘ	169	203	209	225	196	210	211	210	231	243	195
Cash Conv. Cycle ⓘ	105	134	123	123	97	114	125	121	128	140	165

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 20.95%

Net Profit is growing at healthy rate in last 3 years 22.15%

Return on Equity has declined versus last 3 years average to 6.50%

Sales growth is not so good in last 4 quarters at -4.50%

Latest Financials - Rishabh Instruments Ltd.

	Standalone	Consolidated
TTM EPS (₹)	6.2	4.7
TTM Sales (₹ Cr.)	216	689
BVPS (₹.) ⓘ	101.5	153.1
Reserves (₹ Cr.) ⓘ	350	547
P/BV ⓘ	3.25	2.16
PE ⓘ	53.20	70.95

From the Market
52 Week Low / High (₹)	316.60 / 635.00
All Time Low / High (₹)	318.10 / 635.00
Market Cap (₹ Cr.)	1,261
Equity (₹ Cr.)	38.2
Face Value (₹)	10
Industry PE ⓘ	90.2

Management X-Ray of Rishabh Instruments:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Rishabh Instruments

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Rishabh Instruments

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	117	111	116	117	143	138	127	152	196	225
Operating Expenses ⓘ	95	94	102	108	123	116	104	132	164	178
Manufacturing Costs	7	7	8	9	10	7	9	12	14	17
Material Costs	55	49	53	57	72	65	59	79	104	106
Employee Cost	24	28	30	31	29	30	28	32	35	42
Other Costs ⓘ	10	10	12	11	12	13	8	9	12	14
Operating Profit ⓘ	22	17	14	8	20	21	23	20	32	46
Operating Profit Margin (%)	18.9%	15.2%	12.3%	7.2%	14.2%	15.5%	17.9%	13.2%	16.2%	20.5%
Other Income ⓘ	6	8	6	5	6	5	4	4	5	6
Interest ⓘ	2	2	2	2	2	2	1	2	3	1
Depreciation ⓘ	6	7	7	7	8	7	7	8	10	10
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	20	16	12	4	16	17	19	14	24	41
Tax ⓘ	6	0	1	-1	4	5	6	4	6	9
Profit After Tax	14	16	11	4	12	12	13	10	19	32
PAT Margin (%)	11.9%	14.5%	9.7%	3.8%	8.5%	9.1%	10.6%	6.8%	9.5%	14.4%
Adjusted EPS (₹)	4.8	5.5	3.9	1.5	4.1	4.3	4.6	3.5	6.4	8.5
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	156	172	184	188	200	213	205	215	234	342
Share Capital ⓘ	28	28	28	28	28	28	25	25	40	38
Reserves ⓘ	129	145	156	160	172	185	180	190	194	304
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	15	17	19	18	15	27	16	23	18	0
Long Term Debt	1	1	1	0	0	15	11	7	4	0
Short Term Debt	14	16	19	18	15	12	5	16	13	0
Trade Payables	9	11	16	18	23	13	18	23	27	19
Others Liabilities ⓘ	15	12	13	10	12	15	19	23	41	64
Total Liabilities ⓘ	195	212	232	234	250	267	258	285	320	426
Fixed Assets
Gross Block	75	81	91	110	114	119	46	56	63	72
Accumulated Depreciation	52	58	64	72	80	87	7	14	22	31
Net Fixed Assetsⓘ	24	23	26	38	34	32	39	42	41	41
CWIP ⓘ	0	0	6	0	0	1	0	0	0	2
Investmentsⓘ	59	61	61	63	63	80	80	81	88	108
Inventories	27	31	33	31	41	37	39	61	75	87
Trade Receivables	28	23	28	23	27	22	24	20	37	30
Cash Equivalents	46	63	62	64	66	82	65	61	43	124
Others Assetsⓘ	10	11	15	14	18	13	10	20	34	36
Total Assets ⓘ	195	212	232	234	250	267	258	285	320	426

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	4	19	11	13	9	21	20	-1	-3	34
PBT ⓘ	20	16	12	4	16	17	19	14	24	41
Adjustment ⓘ	2	2	4	4	6	5	4	7	11	11
Changes in Working Capital ⓘ	-14	5	-4	6	-11	3	-0	-16	-30	-11
Tax Paid ⓘ	-4	-4	-1	-2	-2	-4	-3	-7	-7	-6
Cash Flow From Investing Activity ⓘ	-21	-25	-10	-12	-4	-25	4	-3	13	-76
Capex	-3	-6	-14	-15	-4	-7	-10	-9	-11	-9
Net Investments	-23	-1	0	-2	0	-24	9	3	23	-65
Others ⓘ	6	-19	4	6	0	6	5	3	2	-2
Cash Flow From Financing Activityⓘ	-2	0	1	-3	-6	12	-31	5	-9	57
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	75
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	-4	-2	-4
Interest Paid ⓘ	-1	-1	-1	-1	-2	-2	-1	-1	-2	-1
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	1	3	-1	-4	13	-31	11	-4	-13
Net Cash Flow ⓘ	-18	-6	2	-1	-1	8	-7	1	2	16

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	10.43	10.64	6.84	2.53	6.69	6.46	6.85	5.15	8.73	11.46
ROCE (%)	13.25	9.86	7.04	2.78	8.51	8.45	8.68	6.92	10.72	13.19
Asset Turnover Ratio	0.67	0.57	0.55	0.5	0.59	0.53	0.48	0.56	0.65	0.6
PAT to CFO Conversion(x)	0.29	1.19	1	3.25	0.75	1.75	1.54	-0.1	-0.16	1.06
Working Capital Days
Receivable Days	73	79	76	80	64	66	67	54	54	55
Inventory Days	72	91	95	100	91	104	111	121	127	132
Payable Days	70	71	92	108	104	100	96	95	88	80

Rishabh Instruments Ltd Stock News

Rishabh Instruments Ltd FAQs

What is the share price of Rishabh Instruments?

Company share prices are keep on changing according to the market conditions. The closing price of Rishabh Instruments on 21-Nov-2024 16:00 is ₹324.0.

What is the market cap of Rishabh Instruments?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:00 the market cap of Rishabh Instruments stood at ₹1,261.4.

What is the P/E ratio of Rishabh Instruments?

The latest P/E ratio of Rishabh Instruments as of 21-Nov-2024 16:00 is 53.20.

What is the P/B ratio of Rishabh Instruments?

The latest P/B ratio of Rishabh Instruments as of 21-Nov-2024 16:00 is 3.25.

What is the 52-week high and low of Rishabh Instruments?

The 52-week high of Rishabh Instruments is ₹635.0 and the 52-week low is ₹316.6.

What is the TTM revenue of Rishabh Instruments?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rishabh Instruments is ₹216.4 ( Cr.) .

About Rishabh Instruments Ltd

The company was incorporated as ‘Rishabh Instruments Private Limited’, a private limited company, under the Companies Act, 1956, pursuant to a certificate of incorporation dated October 6, 1982, granted by the Registrar of Companies, Maharashtra at Mumbai (ROC). Pursuant to the conversion of the company into a public limited company and as approved by its Board on September 8, 2022, and a special resolution passed by its Shareholders at the extra-ordinary general meeting on September 13, 2022, the name of the company was changed to ‘Rishabh Instruments Limited’ and the RoC issued a fresh certificate of incorporation on September 22, 2022.

Rishabh Instruments is a global energy efficiency solution company focused on electrical automation, metering and measurement, precision engineered products, et al. with diverse applications across industries including power, automotive and industrial sectors. It supplies a wide range of electrical measurement and process optimization equipment, and is engaged in designing, developing and manufacturing, and sale of devices significantly under its own brand across several sectors. It provides comprehensive solutions to its customers looking for cost-effective ways to measure, control, record, analyse and optimise energy and processes through its array of products. It also provide completes aluminium high pressure die casting solutions for customers requiring close tolerance fabrication (such as automotive compressor manufacturers and automation high precision flow meters manufacturing and supply of analog panel meters, and it is among the leading global companies in terms of manufacturing and supply of low voltage current transformers. Lumel is the most popular brand in Poland for meters, controllers, and recorders and Lumel Alucast is one of the leading non-ferrous pressure casting players in Europe.

Business area of the company

The company is a vertically integrated player involved in designing, developing, manufacturing and supplying (a) electrical automation devices; (b) metering, control and protection devices; (c) portable test and measuring instruments; and (d) solar string inverters. In addition, it manufactures and supply aluminium high pressure die casting through its Subsidiary, Lumel Alucast. It also provides certain manufacturing services which include mould design and manufacturing, EMI/EMC testing services, Electronic Manufacturing Services, and software solutions (e.g., MARC).

Key awards, accreditations and recognitions

2005: Recognized as a star performer (large enterprises) by Engineering Export Promotion Council, India, Western Region for 2004 - 2005.
2005: Received a second runner up trophy at the NIMA (Nashik Industries Manufacturing Association) Excellence Awards 2004 - 2005.
2006: Recognised as a star performer as medium enterprise in the product group of miscellaneous instruments and appliances by Engineering Export Promotion Council, India, Western Region for 2005 - 2006.
2007-2009: Recognised as a star performer (miscellaneous instruments and appliances, large enterprise) by Engineering Export Promotion Council, India for two consecutive years.
2010-2012: Recognised as a star performer (miscellaneous instruments and appliances, large enterprise) by Engineering Export Promotion Council, India for two consecutive years.
2014: Innovation award for N43 power network meter received by Lumel SA.
2014: Best company in Lubuskie Region (Poland) under 25-year-old companies received by Lumel SA.
2014: BLASER Productivity Trophy 2014 awarded to Lumel SA.
2015: Business Leaders Award received by Lumel SA.
2016: Most popular brand in the group of indicators and temperature controllers received by Lumel SA.
2018: Most popular brand in the group of indicators and temperature controllers received by Lumel SA.
2018: Most popular brand in the group of recorders received by Lumel SA.
2019: Good Lubuskie Award for HT22 data logger received by Lumel SA.
2020: Best building in December in Europe received by Lumel SA.
2021: Lubuski Mister Budowy Award (building master) received by Lumel SA.
2022: Received recognition for “digitization and innovation” at the ABB Supplier Meet 2022.

Major events and milestone

1982: Incorporation of the Company.
1983: Entered into an agreement for technical assistance with a Germany based company.
1993: Entered into a distributorship agreement with Larsen & Toubro Limited.
1997: Entered into an agreement for technical assistance with M/s Gossen - Metrawatt GmbH.
1998: Increased the area of Nashik Manufacturing Facility I.
2002: Entered into a technology transfer agreement with a Germany based company.
2008: Entered into an agreement with a company based out of United Kingdom for production of audio / video recording equipment’s.
2011: Entered into a supplier agreement for supply of APM and digital panel meters with a USA based company.
2012: Acquisition of Lubuskie Zaklady Aparatów Elektrycznych “Lumel” Spolka akcyjna in Fiscal 2012.
2012: Lumel started the supply of aluminium die casting to the automotive industry.
2013: Sifam Tinsley Instrumentation Ltd acquired Sifam meter product line from a UK based company.
2014: Incorporated Sifam USA, a Subsidiary of the Company.
2016: Entered into an intellectual property agreement with an Italy based company wherein it assigned intellectual property rights in respect of APV centralised inverters, APV cabinets, APV-S string inverters and string boxes.
2018 Entered into a brand label frame agreement with one of the leading industrial manufacturing company
2020: Lumel SA built a manufacturing facility for electronics manufacturing Lumel acquired a division of product from Relpol S.A.
2021: Received M-SIPs approval from the Government of India.
2023: Received approval for financial incentives under the Maharashtra Electronics Policy, 2016 and Package Scheme of Incentive Policy, 2019.