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Rishabh Instrum.

Q3 FY26Electrical Equipment

Rishabh Instrum. Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹689
Market cap₹2.6K Cr
P/E32.0
Updated26 Aug 2026
Read4 min read

The short version

Electrical Instrumentation (EI) segment projected to grow 25%-30% year-on-year. Electrical & Electronics Instrumentation (EEI) segment targets 20%-25% year-on-year top-line growth, sustaining EBITDA margins of 20%-25%.

From Rishabh Instrum.'s Q3 FY26 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

- Electrical Instrumentation (EI) segment projected to grow 25%-30% year-on-year. - Aluminum die casting segment expected to see a drop in revenue by Rs.60-65 crores with lower profitability; 5% EBITDA margin targeted. - Overall company growth should be considered separately for EI and Aluminum segments due to different margins. - Long-term target for electronics segment is steady 20%-25% top-line growth annually. - India market projected to grow around 20%-30%, driven by new product lines and expanding project pipeline. - Solar business now profitable, targeting 50%-100% initial growth, tapering to 20%-50% over three years. - Geographic expansion planned into Middle East, Africa, South America, and emerging markets to drive growth. - Nashik facility to become operational in H2 FY27, enabling capacity expansion. - Focus on new product developments (medium voltage segment) to contribute incremental revenue up to 50% over five years. Overall, growth is expected to be robust and sustainable primarily driven by product innovation, market expansion, and operational efficiencies.

Profitability & Margins

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

Capital Expenditure Plans

  • Two new multi-storied buildings at Nashik are under development and nearing completion, which will effectively double production capacity to support rising export demands and long-term growth. (Page 7)
  • Fully automated production lines are being set up at Nashik to achieve production efficiencies competitive with Chinese manufacturers, targeting operational start in H2 FY27. (Page 13)
  • Investment in automation equipment to reduce operating expenses, such as scaling calibration processes from 4 to 40 units simultaneously. (Page 19)
  • The company is investing in product development including medium-voltage current transformers and new product lines requiring R&D, molds, calibration, and certifications. Product development ROI is carefully calculated with typical payback of 2-4 years. (Page 22)
  • Strategic capex also includes expansion into new products and markets, supported by global R&D and sales teams to leverage resources without duplication. (Page 19, 22)

Top-ranked in Electrical Equipment

Ranked on what management guided this quarter

5x potential
1Waaree Energies
Rev 1Mar 1
2MTAR Technologie
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 2
5
Rev 1Mar 2
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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

See what Rishabh Instrum. said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • The transcript does not specifically mention the exact current or expected order book value or pending orders.
  • However, there is a mention of a "healthy order inflow, particularly in the electrical and electronic instrumentation segment," supporting revenue growth.
  • The company refers to a "healthy order pipeline" that supports continued momentum for the remainder of the year.
  • Growth in certain segments like solar inverters and OEM business is expected to contribute to the order book.
  • Expansion into new markets such as Africa, Middle East, South America, and Mexico also indicates potential future orders.
  • Overall, the positive outlook and achieving annual guidance within nine months suggest a robust order pipeline supporting continued growth.

Rishabh Instrum. — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

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

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What Rishabh Instruments Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Rishabh Instrum. Q3 FY26 results?

Electrical Instrumentation (EI) segment projected to grow 25%-30% year-on-year. Electrical & Electronics Instrumentation (EEI) segment targets 20%-25% year-on-year top-line growth, sustaining EBITDA margins of 20%-25%.

What is Rishabh Instrum. share price analysis?

Rishabh Instrum. currently shows a neutral. 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 Instrum. planning capital expenditure?

Two new multi-storied buildings at Nashik are under development and nearing completion, which will effectively double production capacity to support rising export demands and long-term growth.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.