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Rishabh Instruments
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Rishabh Instruments Ltd. was incorporated as a Private Limited Company with the name 'Rishabh Instruments Private Limited', under the Companies Act, 1956, dated October 6, 1982, granted by the ROC. Pursuant to conversion of the Company into Public Limited on September 8, 2022, name of the Company was changed to 'Rishabh Instruments Limited' and the RoC issued a fresh certificate of incorporation on September 22, 2022.
The Company is a global energy efficiency solution company focused on electrical automation, metering and measurement, precision engineered products, with diverse applications across industries including power, automotive and industrial sectors. The Company supply a wide range of electrical measurement and process optimization equipment, and are vertically integrated player involved in designing, developing, manufacturing and supplying electrical automation devices; metering, control and protection devices; portable test and measuring instruments; and solar string inverters. In addition, it manufacture and supply aluminium high pressure die casting through Subsidiary, Lumel Alucast. It also provide certain manufacturing services which include mould design and manufacturing, EMI/EMC testing services, Electronic Manufacturing Services, and software solutions (e.g., MARC).
Electrical automation products include energy management software, transducers and isolators, paperless recorders (chartless) and dataloggers, temperature and humidity recorders, I/O converters and temperature controllers among others. Their metering, control and protection devices consist of analog panel meters, rotary cam switches, current transformers, shunts, digital panel meters, multifunction meters, multi-load monitoring meters, power quality meters, power quality analyzers, power factor controllers, LV and MV relays, genset controllers, synchronizing units, power supply and battery chargers among others. Under portable test and measuring instruments portfolio, the Company manufacture various categories of digital multimeters, digital clamp meters, digital insulation testers, digital earth testers and environmental products such as ultrasonic level/thickness meter, digital luxmeter, non-contact tachometers, DB meter, submarine cable fault locator among others.
Apart from these, it also manufacture solar string inverters in India designed for use in photovoltaic installations connected to the grid. In terms of aluminium high pressure die castings, we serve global automation, automotive and other industries with our inhouse designed tools (which include die casting moulds and CNC fixtures) and various post casting processes such as high precision machining, surface treatment and heat treatment. The Company provide complete aluminium high pressure die casting solutions for customers requiring close tolerance fabrication such as automotive compressor manufacturers and automation high precision flow meters manufacturers, machining and finishing of precision components.
The Company is diversified in terms of end users of products, serving industrial (FMCG, pharmaceutical, cement, steel, railways), power (generation, transmission and distribution, renewable energy, oil and gas), OEM industries (transformer, motor, cable and special machine manufacturers) and new applications (data centre, laboratories, semiconductors, consumer electronics, and building automation).
The Company was founded in 1982 by Narendra Joharimal Goliya who is the Promoter.
In 1983, the Company entered into an agreement for technical assistance with a Germany based company.
In 1993, it entered into a distributorship agreement with Larsen & Toubro Limited.
In 1997, it entered into an agreement for technical assistance with M/s Gossen - Metrawatt GmbH.
In 1998, the Company increased Manufacturing Facility I at Nashik.
In 2002, it entered into a technology transfer agreement with a Germany based company.
In 2008, it entered into an agreement with a company based out of United Kingdom for production of audio / video recording equipments.
The Company acquired Lubuskie Zaklady Aparatów Elektrycznych 'Lumel' Spólka akcyjna in Fiscal 2012. Lumel supplied aluminium die casting to the automotive industry. In 2016, it 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.
In 2020, Lumel SA built a manufacturing facility for electronics manufacturing and further acquired a division of product from Relpol S.A.
In 2021, the Company received M-SIPs approval from the Government of India.
The Company has filed Draft Prospectus and is planning to raise capital from Public by raising Rs.75 crores through Fresh Issue and 9417500 Equity Shares through Offer For Sale.
Rishabh Instruments share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Rishabh Instruments indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Rishabh Instruments is valued compared to its competitors.
Rishabh Instruments PE ratio helps investors understand what is the market value of each stock compared to Rishabh Instruments 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Rishabh Instruments evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Rishabh Instruments generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Rishabh Instruments in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Rishabh Instruments shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Rishabh Instruments compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Rishabh Instruments over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Rishabh Instruments helps investors get an insight into when they can enter or exit the stock. Key components of Rishabh Instruments Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Rishabh Instruments shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Rishabh Instruments ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Rishabh Instruments provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Rishabh Instruments highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Rishabh Instruments .
The balance sheet presents a snapshot of Rishabh Instruments ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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