RIR Power Electronics Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹1,093 Cr
- P/E
- 169.25
- ROE
- 5.08%
- PEG
- 63.64
- Price to sales
- 12.03
- Debt to equity
- 0.10
- 52W high / low
- ₹289 / ₹132
- Sales growth (5Y)
- 24.75%
- EBITDA margin
- 11.22%
- Net profit margin
- 7.11%
- Promoter holding
- 57.56%
- Sales (last year)
- ₹91 Cr
Guidance scorecard · Q1 FY27 call
What RIR Power Electronics Ltd's management guided
and where it ranks in Electrical Equipment
Electrical Equipment
RevenueQ1 FY27 call
20–40%- The company targets to grow 3 to 4 times in topline and even more in bottom-line in FY'27 compared to the previous year.
- Managing Director N. Ramesh Kumar expressed confidence in surpassing Rs. 30 crore quarterly revenue run rate from the core business excluding Odisha plant within the year.
- The goal is to reach around Rs. 50 crore quarterly revenue run rate eventually, though it may take more time.
- For the Odisha plant's epitaxial wafer segment, estimated revenue target for second half of FY'27 is Rs. 12-15 crores.
- The company is focused on product portfolio expansion, especially high-power devices and new equipment, to drive growth beyond current product saturation.
2 more points from RIR Power Electronics Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what RIR Power Electronics Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Total expected CAPEX for Odisha plant is Rs. 618 crores: Rs. 225 crores in phase 1 and Rs. 395-400 crores in phase 2.
- For FY'27, planned CAPEX is around Rs. 100-120 crores for phase 1; phase 2 CAPEX details to be finalized in next couple of months.
- Company has made approximately Rs. 70 crores contribution so far; government subsidy is Rs. 58 crores.
- Seeking bank loan of Rs. 70 crores for phase 1; in-principle approval received, final sanction expected soon.
- Phase 1 includes setting up epitaxial wafer production facility, starting revenue generation from Q3 FY'27.
2 more points from RIR Power Electronics Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what RIR Power Electronics Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- It highlights active engagement with international customers (US, Taiwan) and Indian government labs for epitaxial wafers from the Odisha plant.
- The company expects to start revenue from epitaxy wafer sales from Q3 FY'27, targeting Rs. 12-15 crores for the second half of FY'27.
- Managing Director N. Ramesh Kumar talked about aiming for 3-4 times growth in top-line this year compared to last year, indicating strong order inflows.
2 more points from RIR Power Electronics Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Electrical Equipment companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹72,673 Cr | 18.1 | |
| 2 | 40%+ | Up 2%+ | ₹21,700 Cr | 158.1 | |
| 3 | 40%+ | Up 2%+ | ₹491 Cr | 12.2 | |
| 4 | 40%+ | Up 0–2% | ₹12,434 Cr | 48.4 | |
| 5 | 40%+ | Up 0–2% | ₹2,042 Cr | 35.4 | |
| 6 | 40%+ | Up 0–2% | ₹529 Cr | 7.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment rankingRIR Power Electronics Ltd announcements
All announcements →- Capex / expansionNotableRIR Power Electronics Limited reports Q2 FY27 results with 32.5% revenue growth
- Capex / expansionNotableRIR Power Electronics completes SiC epitaxial reactor installation at Odisha facility
Financials of RIR Power Electronics Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
RIR Power Electronics Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 70.50% | 69.73% | 69.00% | 64.54% | 61.86% | 61.68% | 61.50% | 59.29% | 58.72% | 58.61% | 58.61% | 57.56% |
| FIIs + | 0.00% | 0.00% | 0.01% | 5.45% | 9.35% | 9.56% | 8.62% | 9.52% | 9.93% | 9.84% | 8.50% | 6.53% |
| DIIs + | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.02% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public + | 29.48% | 30.26% | 30.97% | 29.99% | 28.77% | 28.73% | 29.86% | 31.17% | 31.34% | 31.53% | 32.87% | 35.90% |
| No. of Shareholders | 10,409 | 11,863 | 16,709 | 21,403 | 23,797 | 25,131 | 28,072 | 46,517 | 50,864 | 50,806 | 52,676 | 59,012 |
Financials of RIR Power Electronics Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 16.26 | 13.87 | 16.61 | 14.71 | 21.57 | 21.05 | 18.82 | 19.87 | 26.46 | 21.01 | 25.64 | 20.27 | 23.95 |
| Expenses + | 14.57 | 12.08 | 13.99 | 13.16 | 17.64 | 17.74 | 16.50 | 17.76 | 23.01 | 18.13 | 21.28 | 19.41 | 21.86 |
| Operating Profit | 1.69 | 1.79 | 2.62 | 1.55 | 3.93 | 3.31 | 2.32 | 2.11 | 3.45 | 2.88 | 4.36 | 0.86 | 2.09 |
| OPM % | 10.39% | 12.91% | 15.77% | 10.54% | 18.22% | 15.72% | 12.33% | 10.62% | 13.04% | 13.71% | 17.00% | 4.24% | 8.73% |
| Other Income + | 0.90 | 0.67 | 0.28 | 0.25 | 0.54 | 0.39 | 0.66 | 0.54 | 0.44 | 0.47 | 1.74 | 0.42 | 1.06 |
| Interest | 0.36 | 0.32 | 0.30 | 0.32 | 0.31 | 0.61 | 0.48 | 0.40 | 0.39 | 0.36 | 0.36 | 0.34 | 0.32 |
| Depreciation | 0.30 | 0.26 | 0.26 | 0.27 | 0.28 | 0.16 | 0.19 | 0.34 | 0.28 | 0.30 | 0.31 | 0.31 | 0.36 |
| Profit before tax | 1.93 | 1.88 | 2.34 | 1.21 | 3.88 | 2.93 | 2.31 | 1.91 | 3.22 | 2.69 | 5.43 | 0.63 | 2.47 |
| Tax % | 37.82% | 27.66% | 32.48% | 7.44% | 28.61% | 21.84% | 38.10% | 22.51% | 24.53% | 30.86% | 22.10% | 28.57% | 43.72% |
| Net Profit + | 1.20 | 1.36 | 1.57 | 1.12 | 2.78 | 2.28 | 1.43 | 1.48 | 2.43 | 1.87 | 4.23 | 0.44 | 1.39 |
| EPS in Rs | 0.17 | 0.20 | 0.23 | 0.16 | 0.40 | 0.33 | 0.19 | 0.19 | 0.32 | 0.24 | 0.53 | 0.06 | 0.17 |
Financials of RIR Power Electronics Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales + | 30.07 | 42.33 | 57.33 | 66.76 | 86.21 | 90.87 |
| Expenses + | 27.20 | 37.47 | 49.25 | 56.87 | 75.03 | 80.67 |
| Operating Profit | 2.87 | 4.86 | 8.08 | 9.89 | 11.18 | 10.20 |
| OPM % | 9.54% | 11.48% | 14.09% | 14.81% | 12.97% | 11.22% |
| Other Income + | 0.68 | 0.54 | 2.10 | 1.94 | 2.04 | 3.69 |
| Interest | 0.58 | 0.64 | 1.05 | 1.25 | 1.88 | 1.38 |
| Depreciation | 1.12 | 1.07 | 1.19 | 1.08 | 0.97 | 1.29 |
| Profit before tax | 1.85 | 3.69 | 7.94 | 9.50 | 10.37 | 11.22 |
| Tax % | 28.11% | 24.12% | 24.69% | 26.11% | 26.52% | 29.41% |
| Net Profit + | 1.33 | 2.81 | 5.97 | 7.03 | 7.63 | 7.93 |
| EPS in Rs | 0.19 | 0.40 | 0.86 | 1.01 | 0.99 | 1.00 |
| Dividend Payout % | 0.00% | 24.56% | 17.44% | 19.80% | 20.10% | 10.03% |
Financials of RIR Power Electronics Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 6.88 | 6.90 | 6.94 | 6.96 | 7.67 | 15.91 |
| Reserves | 15.18 | 19.23 | 26.09 | 55.88 | 106.95 | 123.57 |
| Borrowings + | 3.29 | 29.20 | 32.13 | 34.08 | 21.47 | 13.88 |
| Other Liabilities + | 8.32 | 11.20 | 12.07 | 13.82 | 16.26 | 63.43 |
| Total Liabilities | 33.67 | 66.53 | 77.23 | 110.74 | 152.35 | 216.79 |
| Fixed Assets + | 6.28 | 8.51 | 7.20 | 7.80 | 13.27 | 13.01 |
| CWIP | 0.70 | 20.38 | 24.37 | 26.67 | 71.20 | 96.87 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets + | 26.69 | 37.64 | 45.66 | 76.27 | 67.88 | 106.91 |
| Total Assets | 33.67 | 66.53 | 77.23 | 110.74 | 152.35 | 216.79 |
Financials of RIR Power Electronics Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 3.74 | -1.76 | 0.74 | 1.59 | 1.29 | -21.93 |
| Cash from Investing Activity + | -1.01 | -23.27 | -3.84 | -3.76 | -50.29 | -32.85 |
| Cash from Financing Activity + | -2.78 | 25.04 | 3.11 | 23.77 | 27.42 | 55.39 |
| Net Cash Flow | -0.05 | 0.00 | 0.01 | 21.60 | -21.58 | 0.61 |
| Free Cash Flow | 2.70 | -25.07 | -3.14 | -2.39 | -49.68 | -55.22 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 150% | -28% | 32% | 47% | 41% | -187% |
Financials of RIR Power Electronics Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 136.80 | 90.02 | 104.73 | 105.63 | 112.15 | 85.48 |
| Inventory Days | 250.49 | 210.12 | 182.70 | 167.08 | 126.30 | 163.18 |
| Days Payable | 103.68 | 111.77 | 92.95 | 88.04 | 77.30 | 49.60 |
| Cash Conversion Cycle | 283.61 | 188.37 | 194.48 | 184.68 | 161.15 | 199.06 |
| Working Capital Days | 222.98 | 34.23 | 147.90 | 121.21 | 148.69 | 216.54 |
| ROCE % | 13.44% | 14.92% | 13.27% | 10.51% | 7.93% |
Guidance history
How RIR Power Electronics Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Flat | Planned | Planned | — |
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | — |
| Q3 FY26 call → | 20–40% | Flat | Planned | Planned | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
8 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −52.5% | 4% |
| Last 6 months | −19.4% | 19% |
| Last 3 months | −12.4% | 34% |
The price is 67.2% below its all-time high of ₹419.33 (27 Sept 2024). Stocks more than 20% below their peak have their score halved, so 16 became 8.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For RIR Power Electronics Ltd: 0.4 × 4 + 0.4 × 19 + 0.2 × 34 = 16, halved to 8 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
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