Rishabh Instrum. Q4 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 3 Aug 2026 | Electrical Equipment | Market Cap: ₹2.5K Cr
Expecting 15-20% growth in electronics business (India and Lumel SA) next year. Electronics Business Growth:** Expect 15%-20% growth in electronics segment (Rishabh India and Lumel SA) with EBITDA margins around 15%-20%.
From Rishabh Instrum.'s Q4 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹669
Market Cap
₹2.5K Cr
P/E Ratio
31.0
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Rishabh Instrum. — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹205 Cr, net profit ₹20 Cr.
Full financials →📊 Revenue & Sales Performance
- →Expecting 15-20% growth in electronics business (India and Lumel SA) next year.
- →Domestic India (Rishabh India) sales expected to grow around 20%.
- →Export growth from India anticipated at 12-13%.
- →Lumel SA revenue projected to grow around 14-15%, potentially conservatively taken as 15%.
- →Overall company aiming for improved growth rates possibly exceeding their usual 12-15%, striving for faster growth.
- →Electronics division growth supported by capacity expansion via new state-of-the-art SMT lines in Nashik and Poland.
- →EMS (Electronics Manufacturing Services) business in Lumel SA showing 100% growth, expected to continue strong.
- →Non-automotive aluminum die-casting growth targeted modestly at 4-5%, but automotive die-casting remains challenging.
- →Overall optimistic about better performance in the coming year compared to the current year.
📈 Profitability & Margins
- →**Electronics Business Growth:** Expect 15%-20% growth in electronics segment (Rishabh India and Lumel SA) with EBITDA margins around 15%-20%. Targeting ~INR 100 crores EBITDA next year.
- →**Domestic India:** Domestic business expected to grow ~20%, exports around 12%-13%.
- →**Lumel SA:** Anticipates 14%-15% revenue growth with strong margins (20% EBITDA).
- →**Aluminium Die-Casting:** Currently facing challenges, targeting break-even in FY '26 with strategic shift from automotive to non-automotive sectors for better profitability.
- →**Overall EBITDA:** Consolidated EBITDA expected to improve as aluminium losses reduce and electronics growth continues.
- →**Profitability:** Optimistic that FY '26 and beyond will see improved earnings, supported by new products, capacity expansion (SMT lines), and diversifying customer base.
- →**EPS:** Positive trajectory linked to steady revenue growth and margin expansion, with management confident of a better performance compared to the current year.
🏗️ Capital Expenditure Plans
- →Ongoing capex in Rishabh India: Construction of two buildings with an investment of approx. INR 50-60 crores to increase production capacity.
- →Lumel SA: Adding an SMT line with a capex of about INR 15-20 crores, 40% of which is supported by innovation projects.
- →Total expected capex over next 2 years is around INR 70-80 crores.
- →No additional capex planned in Lumel Alucast currently.
- →Strategic investment includes acquiring MICROSYS (Czech Republic-based SCADA software company) in August 2024 to provide comprehensive solutions alongside high-end products.
- →Expansion of EMS capacity through installation of state-of-the-art SMT lines in both Nashik (India) and Poland to bolster production capabilities.
💰 Fundraising & Capital Structure
- →The transcript does not mention any current or planned fundraising through debt or equity.
- →The company highlights that on a consolidated level, they remain net debt-free with a strong balance sheet.
- →Net cash and cash equivalents as of March 31, 2025 stand at INR 1,022 million.
- →There is no reference to new debt or equity issuance or fundraising plans in the discussed financial year or near future.
- →The focus appears to be on organic growth, operational improvements, and strategic acquisitions (e.g., MICROSYS acquisition in Czech Republic), not raising fresh capital.
📋 Order Book & Pipeline
- →Specific details on the current or expected order book/pending orders are not explicitly mentioned in the provided transcript.
- →However, the management indicates optimism about growth and improving business conditions.
- →Discussions highlight ongoing price negotiations and contract renewals, especially in aluminium die-casting, implying active order management.
- →New projects with non-automotive customers are being pursued to fill capacity in die-casting.
- →The EMS business is expanding with new SMT lines and shifting supply chains from China, indicating an increasing order intake.
- →Lumel SA's growth is expected at around 15%, showing healthy demand.
- →Overall, the company is focused on securing orders through strategic customer engagements and capacity expansions to drive double-digit growth.
- →The cautious approach with automotive customers reflects controlled order visibility with contract terms being renegotiated.
Key Metrics
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Frequently Asked Questions
What were Rishabh Instrum. Q4 FY25 results?
Expecting 15-20% growth in electronics business (India and Lumel SA) next year. Electronics Business Growth:** Expect 15%-20% growth in electronics segment (Rishabh India and Lumel SA) with EBITDA margins around 15%-20%.
What is Rishabh Instrum. share price analysis?
Rishabh Instrum. currently shows a neutral. The stock trades at a P/E of 31.0 with a market cap of ₹2,510 Cr. Investors should review the full earnings analysis for detailed insights.
Is Rishabh Instrum. planning capital expenditure?
Ongoing capex in Rishabh India: Construction of two buildings with an investment of approx.
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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.