Rishi Laser Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹148 Cr
- P/E
- 53.95
- ROE
- 5.65%
- PEG
- -11.17
- Price to sales
- 0.90
- Debt to equity
- 0.48
- 52W high / low
- ₹155 / ₹98.0
- Sales growth (5Y)
- 16.71%
- EBITDA margin
- 7.36%
- Net profit margin
- 2.56%
- Promoter holding
- 16.12%
- Sales (last year)
- ₹162 Cr
Incorporated in 1992, Rishi Laser Ltd is engaged in manufacturing and fabrication of sheet metal components and machines.
Guidance scorecard · Q1 FY27 call
What Rishi Laser Ltd's management guided
and where it ranks in Industrial Manufacturing
Industrial Manufacturing
RevenueQ4 FY26 call
10–20%- 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.
2 more points from Rishi Laser Ltd's call on revenue
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MarginsQ4 FY26 call
Up 0–2%See what Rishi Laser Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- 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.
2 more points from Rishi Laser Ltd's call on capex
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FundraisingQ4 FY26 call
None plannedSee what Rishi Laser Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- 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.
2 more points from Rishi Laser 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 Industrial Manufacturing
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
Industrial Manufacturing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 0–2% | ₹1,207 Cr | 111.0 | |
| 2 | 40%+ | Up 0–2% | ₹549 Cr | 33.8 | |
| 3 | 40%+ | Flat | ₹8,076 Cr | 94.4 | |
| 4 | 40%+ | Flat | ₹3,732 Cr | 81.2 | |
| 5 | 40%+ | Flat | ₹2,580 Cr | 61.2 | |
| 6 | 40%+ | Flat | ₹743 Cr | 43.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Manufacturing rankingFinancials of Rishi Laser Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Rishi Laser 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 + | 33.74 | 38.75 | 35.36 | 31.42 | 34.58 | 37.01 | 38.99 | 36.96 | 37.77 | 41.03 | 42.84 | 36.39 | 40.76 |
| Expenses + | 31.13 | 35.40 | 32.29 | 28.94 | 31.65 | 34.12 | 35.53 | 33.72 | 34.28 | 37.44 | 38.68 | 33.65 | 38.47 |
| Operating Profit | 2.61 | 3.35 | 3.07 | 2.48 | 2.93 | 2.89 | 3.46 | 3.24 | 3.49 | 3.59 | 4.16 | 2.74 | 2.29 |
| OPM % | 7.74% | 8.65% | 8.68% | 7.89% | 8.47% | 7.81% | 8.87% | 8.77% | 9.24% | 8.75% | 9.71% | 7.53% | 5.62% |
| Other Income + | 0.24 | 0.30 | 0.23 | 0.13 | 0.25 | 0.08 | 0.11 | 0.11 | 0.39 | 0.40 | 0.10 | -0.03 | 0.31 |
| Interest | 0.67 | 0.66 | 0.68 | 0.48 | 0.47 | 0.63 | 0.61 | 0.66 | 0.65 | 0.69 | 0.76 | 1.16 | 1.53 |
| Depreciation | 0.68 | 0.65 | 0.65 | 0.65 | 0.54 | 0.63 | 0.66 | 0.68 | 0.96 | 0.65 | 0.77 | 1.61 | 1.45 |
| Profit before tax | 1.50 | 2.34 | 1.97 | 1.48 | 2.17 | 1.71 | 2.30 | 2.01 | 2.27 | 2.65 | 2.73 | -0.06 | -0.38 |
| Tax % | -22.67% | 8.97% | 1.52% | 22.30% | -60.83% | 5.26% | 10.00% | 31.84% | -40.97% | 33.21% | 22.71% | -183.33% | -31.58% |
| Net Profit + | 1.84 | 2.13 | 1.94 | 1.15 | 3.50 | 1.63 | 2.07 | 1.36 | 3.20 | 1.77 | 2.11 | 0.05 | -0.26 |
| EPS in Rs | 2.00 | 2.32 | 2.11 | 1.25 | 3.81 | 1.77 | 2.25 | 1.48 | 3.48 | 1.93 | 2.30 | 0.05 | -0.28 |
Financials of Rishi Laser Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 89 | 90 | 96 | 120 | 141 | 91 | 74 | 117 | 134 | 140 | 151 | 161 |
| Expenses + | 87 | 87 | 91 | 115 | 134 | 94 | 73 | 112 | 125 | 128 | 137 | 148 |
| Operating Profit | 2 | 3 | 5 | 5 | 7 | -3 | 2 | 5 | 9 | 12 | 14 | 13 |
| OPM % | 2% | 3% | 5% | 4% | 5% | -3% | 2% | 4% | 7% | 8% | 9% | 8% |
| Other Income + | 1 | 0 | 5 | 3 | 3 | 7 | 2 | 2 | 2 | 1 | 0 | 1 |
| Interest | 9 | 6 | 5 | 4 | 4 | 3 | 2 | 3 | 3 | 2 | 3 | 4 |
| Depreciation | 8 | 5 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 2 | 3 | 4 |
| Profit before tax | -14 | -8 | 1 | -1 | 2 | -3 | -2 | 0 | 5 | 8 | 8 | 5 |
| Tax % | -7% | -1% | 8% | -76% | -96% | -10% | 7% | 29% | -7% | -10% | 0% | 25% |
| Net Profit + | -13 | -8 | 1 | -0 | 3 | -3 | -2 | 0 | 5 | 9 | 8 | 4 |
| EPS in Rs | -14.04 | -8.65 | 1.14 | -0.21 | 3.73 | -2.85 | -2.40 | 0.22 | 5.34 | 9.50 | 8.97 | 3.99 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Rishi Laser Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
| Reserves | 18 | 10 | 26 | 26 | 28 | 25 | 23 | 31 | 35 | 45 | 62 | 65 |
| Borrowings + | 53 | 39 | 32 | 27 | 19 | 17 | 16 | 16 | 9 | 12 | 19 | 36 |
| Other Liabilities + | 27 | 27 | 36 | 42 | 48 | 38 | 38 | 37 | 30 | 31 | 29 | 39 |
| Total Liabilities | 107 | 85 | 104 | 104 | 105 | 89 | 86 | 93 | 84 | 97 | 120 | 149 |
| Fixed Assets + | 45 | 39 | 57 | 55 | 53 | 52 | 47 | 56 | 54 | 56 | 68 | 90 |
| CWIP | 2 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 4 |
| Investments | 8 | 2 | 3 | 2 | 2 | 1 | 2 | 5 | 1 | 3 | 6 | 3 |
| Other Assets + | 50 | 41 | 43 | 46 | 50 | 36 | 37 | 33 | 29 | 37 | 41 | 51 |
| Total Assets | 107 | 85 | 104 | 104 | 105 | 89 | 86 | 93 | 84 | 97 | 120 | 149 |
Financials of Rishi Laser Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 7 | 2 | 8 | 12 | 5 | 4 | 1 | 8 | 5 | 11 | 9 | |
| Cash from Investing Activity + | 1 | 1 | -3 | -1 | -0 | 1 | 3 | -7 | 6 | -8 | -17 | |
| Cash from Financing Activity + | -8 | -2 | -7 | -9 | -7 | -4 | -2 | -4 | -10 | 0 | 5 | |
| Net Cash Flow | 0 | 1 | -1 | 2 | -2 | 1 | 2 | -3 | 1 | 3 | -4 | |
| Free Cash Flow | 7 | 3 | 8 | 9 | 4 | 6 | 4 | 4 | 7 | 7 | -5 | |
| CFO/OP | 384% | 72% | 161% | 237% | 76% | -153% | 46% | 156% | 53% | 92% | 66% |
Financials of Rishi Laser Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 112 | 105 | 90 | 75 | 76 | 71 | 90 | 46 | 42 | 39 | 43 | 56 |
| Inventory Days | 130 | 76 | 83 | 66 | 64 | 78 | 82 | 57 | 42 | 52 | 53 | 67 |
| Days Payable | 145 | 140 | 192 | 169 | 165 | 229 | 259 | 142 | 110 | 115 | 100 | 123 |
| Cash Conversion Cycle | 96 | 41 | -20 | -27 | -26 | -80 | -86 | -40 | -26 | -23 | -3 | -0 |
| Working Capital Days | -88 | 11 | -0 | -19 | -21 | -49 | -57 | -32 | -26 | -9 | 3 | 5 |
| ROCE % | -8% | -3% | 7% | 6% | 10% | -9% | -2% | 7% | 14% | 17% | 15% | 10% |
Guidance history
How Rishi Laser Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Up 0–2% | Planned | None planned | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q4 FY25 call → | 20–40% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Rishi Laser Ltd's management said in earlier quarters
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