Rishi Laser Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 25 Aug 2026 | Industrial Manufacturing | Market Cap: ₹127 Cr

Target sales of ₹285-300 crore in 3 years, with exports around ₹50-60 crore (20-25% of sales). Management targets revenue growth to ₹285-300 crore in 3 years, with export sales increasing to 20-25% (₹50-60 crore exports) (Page 16).

From Rishi Laser's Q4 FY26 earnings-call transcript · updated 25 Aug 2026.

Price

132

Market Cap

₹127 Cr

P/E Ratio

46.5

Revenue Rank

Rank 3

Margin Rank

Rank 2

How does Rishi Laser rank in Industrial Manufacturing?

Compare Rishi Laser against every Industrial Manufacturing company this quarter on revenue, margins and earnings-call signals.

Revenue: Rank 3Margin: Rank 2
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Rishi Laser — 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 ₹41 Cr, net profit ₹0 Cr.

Full financials →

📊 Revenue & Sales Performance

Rank 3
  • Target sales of ₹285-300 crore in 3 years, with exports around ₹50-60 crore (20-25% of sales).
  • To grow beyond ₹300 crore, increased export share is crucial, especially in booming global earthmoving markets.
  • Pune plant utilization expected to increase from ₹36 crore to around ₹50 crore (80% utilization) in FY27.
  • Malur plant targeted to generate ₹60 crore in FY27, ramping up to ₹100 crore by FY29, with product approvals in place.
  • Export business showing growth, aiming to increase from ₹22 crore currently (about 15%) with new orders in construction metal forming sector and others.
  • Robotics business expected to grow from ₹2 crore in FY26 to ₹5-10 crore in the current year, with better margins.
  • Overall optimistic about 20-25% revenue growth driven by automation, new customer acquisition, and global demand traction.

📈 Profitability & Margins

Rank 2
  • Management targets revenue growth to ₹285-300 crore in 3 years, with export sales increasing to 20-25% (₹50-60 crore exports) (Page 16).
  • Export share is expected to be a major growth driver to achieve higher sales beyond current targets (Page 16).
  • EBITDA margins aim to improve from current levels (around 8-11%) toward a long-term target of 13-14% or higher, though this is challenging and requires growth and cost control, especially in labor (Pages 14-16).
  • Gross margins have improved from ~44-45% to ~49% over last three years; operating margins impacted mainly by labor cost escalation (Page 14).
  • Automation and robotics investments expected to improve operating leverage and help margin expansion over time (Pages 14, 16-17).
  • Positive outlook for next 2-3 years driven by large customers' ramp-up and new opportunities (Page 17).
  • Revenue from new Malur plant expected to be ₹60 crore in FY27 and ramping to ₹100 crore by FY29 (Pages 4, 12).

🏗️ Capital Expenditure Plans

Yes
  • The Malur plant is fully operational, with all capital expenditure for the main facility capitalized except for a pending second phase of the paint shop, which requires an additional ₹2-3 crore investment.
  • A paint shop is being added as a strategic business requirement since customers prefer all manufacturing processes under one roof.
  • No new plants have been added recently except for the new Bangalore plant; no current plans for further plant additions.
  • Emphasis is on improving utilization and ramping up revenue from existing capacities rather than adding new facilities.
  • Focus on high automation and robotics in new plants to improve operating leverage and margins.
  • Capital deployment has been done with disciplined management, maintaining a debt-equity ratio of 0.29x.
  • Management is cautious about expansion due to geopolitical uncertainties and raw material price volatility.

💰 Fundraising & Capital Structure

No
  • There is no explicit mention of current or future fundraising through debt or equity in the provided transcript.
  • The company has disciplined debt-to-equity ratio at 0.29x, indicating controlled leverage.
  • Management highlighted careful management of finance, current assets, and debts, emphasizing tight control rather than expansion.
  • The focus is on utilizing existing capital investments, such as the new Malur plant, to drive growth and operating leverage.
  • No statements indicate plans for raising additional capital via equity or debt in the near future.
  • The company appears to be prioritizing organic growth and operational ramp-up over external fundraising.

📋 Order Book & Pipeline

Yes
- The Malur plant has all product approvals in place, with billing and shipments already started to the largest customer. - For FY27, revenue from the Malur plant is targeted at around ₹60 crore, ramping up to ₹100 crore by FY29. - Some part of the existing Bangalore plant's business will transfer to Malur, so order additions are not simply additive. - New orders have come in the construction industry, especially in scaffolding and metal forming (aluminium forms for cement pouring), representing emerging opportunities. - A few export orders from the Vadodara plant to the US have been secured recently, mainly less complex products. - The robotic business pipeline has grown 300-400% recently, with expectations to grow to ₹5-10 crore revenue this year. - Discussions with key clients like Caterpillar are positive, with expectations of a significant jump in business volume for FY27 and FY28. Overall, the order book is improving with new sectors and export opportunities emerging alongside existing key client ramp-ups.

Key Metrics

Revenue

Rank 3

Margin

Rank 2

Capex

Yes

Fundraise

No

Order Book

Yes

Frequently Asked Questions

What were Rishi Laser Q4 FY26 results?

Target sales of ₹285-300 crore in 3 years, with exports around ₹50-60 crore (20-25% of sales). Management targets revenue growth to ₹285-300 crore in 3 years, with export sales increasing to 20-25% (₹50-60 crore exports) (Page 16).

What is Rishi Laser share price analysis?

Rishi Laser currently shows a below-average growth signal. The stock trades at a P/E of 46.5 with a market cap of ₹127 Cr. Investors should review the full earnings analysis for detailed insights.

Is Rishi Laser planning capital expenditure?

The Malur plant is fully operational, with all capital expenditure for the main facility capitalized except for a pending second phase of the paint shop, which requires an additional ₹2-3 crore investment.

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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.

What Rishi Laser's management said in earlier quarters

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