Any current/future capex/capital investment/strategic investment?

Construction underway in Nashik for two facilities (R&D centre and main factory), nearly doubling surface area; expected operational by January 2026. Investment in a third cutting-edge dedicated SMT line at Lumel SA (Poland) to support electronic manufacturing services and growing market demand. Acquisition of a modern SCADA software company in Czech Republic by Lumel SA, enhancing software capabilities and global product integration. Setting up a new R&D center at IIT Mumbai focused on advanced product development. Ongoing investments in R&D (~2% of revenues annually) to develop 12-15

Future growth expectations in sales/revenue/volumes?

Expecting single-digit revenue growth of about 8% to 10% for the current year, lower than the earlier forecast of 18%-20%, mainly due to challenges in aluminum die casting (Page 15-16). Electronic business projected to grow 15%-18%, contributing positively to overall growth (Page 16). Flat growth anticipated in die casting segment for the year, with efforts to improve profitability from Q3/Q4 onwards (Page 16). Target to achieve about 10% incremental revenue from new products launched this and last two years (Page 8). Solar inverter business expected to double year-on-year and reach INR100 cro

Future growth expectations in earnings/operating earnings/profits/EPS?

Revenue growth for the current year is expected around 8-10%, lower than the initially forecasted 18-20%, mainly due to flat growth in the aluminum die-casting segment (40% of business) and 15-18% growth in electronics (60% of business). EBITDA margins on electronics are stable at 16-17% and expected to continue. Aluminum die casting EBITDA is targeted to reach at least 10% in Q3/Q4 but will not improve past quarters, impacting annual margins. Overall bottom line growth for the current year is expected to be flat due to challenges in aluminum die casting. The company plans to regain prev

Current/ Expected Orderbook/ Pending Orders?

The company has a good order book and demand in its electronic business and non-automotive die-cast business, indicating strong ongoing orders. There is a positive momentum in the solar string inverter business, which has seen significant revenue growth. In the automotive aluminum die-cast segment, negotiations and renegotiations with large clients are ongoing to address pricing and supply challenges. About one-third of automotive projects have price increases secured; another third are under negotiation, with resolutions expected within two to three quarters. Non-automotive die-cast business

Rishabh Instrum.Q1 FY25

Rishabh Instrum. Q1 FY25 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹691.25P/E: 33.1Market Cap: ₹2.7K Cr

Management growth scorecard

Revenue

Category 4

Margin

Category 3

Fundraise

N/A

Order

Yes

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 4

Expecting single-digit revenue growth of about 8% to 10% for the current year, lower than the earlier forecast of 18%-20%, mainly due to challenges in aluminum die casting (Page 15-16).
Electronic business projected to grow 15%-18%, contributing positively to overall growth (Page 16).
Flat growth anticipated in die casting segment for the year, with efforts to improve profitability from Q3/Q4 onwards (Page 16).
Target to achieve about 10% incremental revenue from new products launched this and last two years (Page 8).
Solar inverter business expected to double year-on-year and reach INR100 crore turnover in 3-4 years, backed by government schemes and market demand (Page 6-7).
Long-term confidence in aluminum die casting business turnaround within 2-3 quarters; focus on non-automotive segments for growth (Page 11).
Consistent product pipeline with around 12-15 new products yearly to drive steady growth (Page 15).

Margin guidance

Category 3

Revenue growth for the current year is expected around 8-10%, lower than the initially forecasted 18-20%, mainly due to flat growth in the aluminum die-casting segment (40% of business) and 15-18% growth in electronics (60% of business).
EBITDA margins on electronics are stable at 16-17% and expected to continue. Aluminum die casting EBITDA is targeted to reach at least 10% in Q3/Q4 but will not improve past quarters, impacting annual margins.
Overall bottom line growth for the current year is expected to be flat due to challenges in aluminum die casting.
The company plans to regain previous EBITDA margins of 15-16% by the next financial year.
Electronics and non-automotive die-casting focus expected to drive profitability and growth going forward.
Solar and new product lines expected to add around 10% incremental revenue over this and next years, supporting earnings growth.

See what Rishabh Instrum. management said on margin guidance — free account, 30 seconds.

Fundraise plans

- There is no explicit mention of any current or future fundraising through debt or equity in the provided transcript. - The company highlighted it remains net debt-free with strong cash reserves (INR 1,072 million as of June 30, 2024). - Management discussed focusing on cost efficiencies and profitability, especially in the aluminum die casting business. - They continue to explore acquisitions selectively but have put some acquisition plans on hold (e.g., aluminum die-cast business acquisition is on the back burner). - No indications were given about raising capital via new debt or equity in the near term. - The focus is on organic growth, product development, and operational improvements rather than external fundraising. In summary, the company is currently managing growth and challenges without plans for immediate fundraising through debt or equity.

Order book

Yes

The company has a good order book and demand in its electronic business and non-automotive die-cast business, indicating strong ongoing orders.
There is a positive momentum in the solar string inverter business, which has seen significant revenue growth.
In the automotive aluminum die-cast segment, negotiations and renegotiations with large clients are ongoing to address pricing and supply challenges.
About one-third of automotive projects have price increases secured; another third are under negotiation, with resolutions expected within two to three quarters.
Non-automotive die-cast business remains sustainable with steady EBITDA margins and growth potential.
The company continues to focus on new product development and R&D to expand its order pipeline across segments.

See what Rishabh Instrum. management said on order book — free account, 30 seconds.

Capex plans

Yes

Construction underway in Nashik for two facilities (R&D centre and main factory), nearly doubling surface area; expected operational by January 2026.
Investment in a third cutting-edge dedicated SMT line at Lumel SA (Poland) to support electronic manufacturing services and growing market demand.
Acquisition of a modern SCADA software company in Czech Republic by Lumel SA, enhancing software capabilities and global product integration.
Setting up a new R&D center at IIT Mumbai focused on advanced product development.
Ongoing investments in R&D (~2% of revenues annually) to develop 12-15 new products per year across various segments.
Focus on redesigning products (e.g., solar inverters) to reduce manufacturing costs by 10-15% through design changes and alternate components.
No active pursuit of aluminum die-cast business acquisitions currently; previous due diligence on one potential acquisition is on hold.

Track Rishabh Instrum. — get its next earnings analysis in your feed

How does Rishabh Instrum. rank vs peers in ?

Pro feature

ThisRishabh Instrum.

Rev 4Mar 3

See where Rishabh Instrum. sits in See which companies these are, and every other name in the sector.Open rankings

What Rishabh Instrum.'s management said in earlier quarters

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →