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Rishabh Instruments Ltd

Q1 FY27Electrical Equipment

Rishabh Instruments Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹688
Market cap₹2.6K Cr
P/E32.0
Updated26 Aug 2026
Read4 min read

What the Q1 FY27 call signalled

3 of 4 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned
Order bookOrder book rising

The short version

EEI business growth guidance remains at 20% top-line and 20-22% EBITDA; possible slight upside of 2-3% but no major upgrade planned. EEI business guidance: Targeting ~20% top-line growth and 20-22% EBITDA growth for the full year FY27, with potential upside of 2-3% but management prefers to stay conservative.

From Rishabh Instruments Ltd's Q1 FY27 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

Good growth
  • EEI business growth guidance remains at 20% top-line and 20-22% EBITDA; possible slight upside of 2-3% but no major upgrade planned.
  • Strong Q1 performance driven by multiple markets and products supports sustainable growth throughout the year.
  • Lumel S.A. expects continued growth with ongoing large orders and energy grid upgrades in Europe, with potential multi-year projects.
  • U.S. market aims to scale from INR30 crores to INR100 crores within 2-3 years through organic growth and possible acquisitions.
  • Solar inverter business is gearing up, targeting substantial growth next year (INR250-300 crores), currently less than 5% of revenue.

2 more points from Rishabh Instruments Ltd's call on revenue

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Profitability & Margins

See what Rishabh Instruments Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Current capex includes expanding current transformer (CT) production capacity from 5,000-6,000 units/day to 8,000-10,000 units/day, nearly doubling capacity.
  • Additional machinery ordered for this CT capacity expansion; work in progress.
  • Upgrading one of the existing SMT PCB assembly lines to handle more complex projects; currently operate 3 SMT lines including a high-end one for PCBA manufacturing.
  • Planning to add more SMT lines once existing lines are fully utilized and shifted to 3 shifts.
  • Indirect involvement in battery energy storage systems through hybrid inverters but no direct battery manufacturing.

2 more points from Rishabh Instruments Ltd's call on capex

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Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
Rev 1Mar 1
3
Rev 1Mar 2
4
Rev 1Mar 2
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

Order book rising
  • Order bookings in the domestic market have shown a 20% increase in Q1 FY27 compared to the previous year.
  • Lumel S.A. has ongoing deliveries from a EUR3 million follow-up order, lasting until the end of the financial year, accounting for approximately 20-25% of sales.
  • The company has a strong pipeline of RFQs and offers submitted across divisions like Alucast, with several at various qualification stages.

2 more points from Rishabh Instruments Ltd's call on order book

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Rishabh Instruments Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹205 Cr, net profit ₹20 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Rishabh Instruments Ltd Q1 FY27 results?

EEI business growth guidance remains at 20% top-line and 20-22% EBITDA; possible slight upside of 2-3% but no major upgrade planned. EEI business guidance: Targeting ~20% top-line growth and 20-22% EBITDA growth for the full year FY27, with potential upside of 2-3% but management prefers to stay conservative.

What is Rishabh Instruments Ltd share price analysis?

Rishabh Instruments Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 32.0 with a market cap of ₹2,590 Cr. Investors should review the full earnings analysis for detailed insights.

Is Rishabh Instruments Ltd planning capital expenditure?

Current capex includes expanding current transformer (CT) production capacity from 5,000-6,000 units/day to 8,000-10,000 units/day, nearly doubling capacity.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.