Rishabh Instruments Limited · NSE:RISHABH
Rishabh Instruments — Q4 & FY26 Earnings Presentation
49 slides from Rishabh Instruments's earnings presentation, May 18, 2026
Slide 1: Exchange filing cover letter for result update presentation
May 18, 2026 To, To, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Plot No. C/1, G Block, Bandra- Phiroze Jeejeebhoy Towers, Kurla Complex, Bandra (East), Mumbai – 21st Floor, Dalal Street, 400051 Mumbai – 400001 NSE Symbol: RISHABH BSE Scrip Code: 543977 Dear Sir/Madam, Sub
Slide 2: Investor Presentation – Q4 & FY26
RISHABH INSTRUMENTS LIMITED Investor Presentation – Q4 & FY26 Measure Control Record Analyze Optimize Click Here for Rishabh’s Corporate Video
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Rishabh Instruments Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 4: Financial Performance
1 FINANCIAL PERFORMANCE
Slide 5: Management Commentary
Management Commentary “FY26 was a year of strong execution and meaningful strategic progress for Rishabh Group. We have built a solid and resilient foundation, anchored in our product and technology competencies. This strength was reflected in the EEI segment performance of FY26 delivering a growth
Slide 6: Q4 & FY26 Standalone Financial Highlights
Q4 & FY26 Standalone Financial Highlights Revenue (Rs. Mn) EBITDA (Rs. Mn) PAT (Rs. Mn) +11.9% +72.6% +78.2% 2,676 604 417 2,392 350 234 +15.2% +14.7% +21.2% 684 788 161 107 140 89 Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26 Gross Margin (%) EBITDA Margin (%) PAT Margin (
Slide 7: Q4 & FY26 Consolidated Financial Highlights
Q4 & FY26 Consolidated Financial Highlights Revenue (Rs. Mn) EBITDA (Rs. Mn) PAT (Rs. Mn) +7.6% +161.1% +292.0% 7,751 1,264 822 7,203 +9.3% +105.9% +229.5% 484 1,875 2,049 333 200 210 162 61 Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26 Gross Margin (%) EBITDA Margin (%) PA
Slide 8: Q4 & FY26 Segment Financial Highlights
Q4 & FY26 Segment Financial Highlights Revenue (Rs. Mn) Adj. EBITDA* (Rs. Mn) Adj. EBITDA* Margins (%) Electrical and Electronic +68.5% +430 bps +17.5% +750 bps Instruments 1,330 5,369 26.3% 24.8% 4,568 22.1% 789 17.3% +30.5% +55.7% 1,474 388 1,129 249 Q4FY25 Q4FY26 FY25 FY26 Q4FY25 Q4FY26 FY25 FY26
Slide 9: Margin Profile on a Growth Trajectory
Margin Profile on a Growth Trajectory Standalone EBITDA & EBITDA Margins EBITDA (%) EBITDA 200 26.1% 30 Key Highlights 23.1% 20.5% 21.1% 20.4% 25 150 15.4% 20 ❖ Standalone EBITDA margins 100 11.5% 15 consistently remained above 20% 10.0% 172 140 143 161 in past 5 quarters. 129* 10 50 91 61 59 5 0 0
Slide 10: FY26 Product & Geography wise Revenue
FY26 Product & Geography wise Revenue FY25 FY26 Key Highlights ❖ We have restructured our reporting 30.7% segment into two business Division 36.6% for improved operational focus, market positioning, and ease of 63.4% understanding: 69.3% ❑ Electrical and Electronic Instruments (EEI) – Comprising pro
Slide 11: Q4 & FY26 Standalone Profit & Loss Statement
Q4 & FY26 Standalone Profit & Loss Statement Profit & Loss [Rs. Mn] Q4FY26 Q4FY25 YoY / Bps FY26 FY25 YoY / Bps Revenue from Operations 788 684 15.2% 2,676 2,392 11.9% COGS 405 329 1,232 1,230 Gross Profit 382 355 7.9% 1,444 1,162 24.3% GP Margin % 48.5% 51.8% -330 bps 54.0% 48.6% 540 bps Employee C
Slide 12: Q4 & FY26 Consolidated Profit & Loss Statement
Q4 & FY26 Consolidated Profit & Loss Statement Profit & Loss [Rs. Mn] Q4FY26 Q4FY25 YoY / Bps FY26 FY25 YoY / Bps Revenue from Operations 2,049 1,875 9.3% 7,751 7,203 7.6% COGS 856 728 2,937 3,009 Gross Profit 1,193 1,147 4.0% 4,814 4,194 14.8% GP Margin % 58.2% 61.2% -300 bps 62.1% 58.2% 390 bps Em
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Mn) Mar-26 Mar-25 Equity & Liabilities (Rs. Mn) Mar-26 Mar-25 Non - Current Assets 4,699.6 3,606.6 Total Equity 7,490.7 6,140.4 Property Plant & Equipment's 3,256.5 2,770.8 Share Capital 385.6 382.2 CWIP 412.6 235.9 Other Equity 7,064.6 5,728.6 Goodwill 269.9 2
Slide 14: Consolidated Abridged Cash Flow Statement
Consolidated Abridged Cash Flow Statement Particulars (Rs. Mn) FY26 FY25 Net Profit Before Tax 1,059.8 298.4 Adjustments for: Non -Cash Items / Other Investment or Financial Items 389.5 368.0 Operating profit before working capital changes 1,449.2 666.3 Changes in working capital (121.0) 112.4 Cash
Slide 15: About Us
2 ABOUT US
Slide 16: About Rishabh Instruments
About Rishabh Instruments Rishabh Instruments Limited - A Leading Global Energy Efficiency Solution Provider Established in 1982 3000* 145+ 100+ Rishabh Instruments Limited is a leading engineering Global Product Lines Countries company to design, develop Customers Served and manufacture Global Ener
Slide 17: Company Timeline
Company Timeline › Construction of two New Facility in › Incorporated › Agreement for technical › Sifam Tinsley › Acquisition of Shanghai › Received M-SIPs › Listed on Stock Nashik is assistance with M/s Instrumentation Yihua V&A approval from Govt. of Exchanges nearing Gossen – Metrawatt Ltd acquir
Slide 18: Diversified Product Portfolio
Diversified Product Portfolio… High Pressure Die Electrical and Electronic Instruments (EEI) Casting (HPDC) Temperature Temperature Analog Panel Current Rotary CAM Digital Digital Digital Solar String I/O Controller and Humidity Meter Transformer Switch Multi Clamp Insulation Invertors Converter Rec
Slide 19: Leading Market Positioning in Key Segments
… with Leading Market Positioning in Key Segments... High Pressure Die Electrical and Electronic Instruments (EEI) Casting (HPDC) #1 #1 #2 #3 3mn 3rd player in the Digital 1st player in Electrical First company in India 2nd player in Portable Aluminum cast housings Panel Meters in India transducers
Slide 20: Manufacturing Presence across Geographies
… and Manufacturing Presence across Geographies… Our 5 Manufacturing units are in India, Poland and China and 2 modifications center are in UK and US Large facilities with an average spread area of 10,000+ sq. mt. Current Capacity utilisation is at 62.0% p.a.* Skilled workforce of 750 personnels* In
Slide 21: Five State of the Art Facilities
With five State of the Art Facilities… Nashik | Indian Manufacturing Facilities Poland | Polish Manufacturing Facilities Lumel SA Facility I Facility 1 spread over 10,240 sq. mt. Facility 1 spread over 12,000 sq. mt. Lumel Alucast Facility II Facility 2 spread over 9,195 sq. mt. Facility 2 spread ov
Slide 22: Two Modification Centres
And two Modification Centres… Shanghai | China Manufacturing Facility Sifam Tinsley | Modification Centre UK Czech Republic | SCADA Software Company US 21
Slide 23: Marquee Clientele Base with long standing relationship
… and Marquee Clientele Base with long standing relationship Note: The Brand Names mentioned are the property of their respective owners and are used here for identification purpose only 22
Slide 24: In-house Capacities, Utilisation and Capex Plans
… serving through our in-house ample capacities Total Capacity Utilisation Capex Plans ❖ Following approvals, construction is near completion at Capacity Utilisation - Total of all our Nasik facility, which is set to double its built-up area Utilization % Manufacturing Facilities (All Products) with
Slide 25: Backed by History of Strong Acquisitions
Backed by History of Strong Acquisition’s Successful Integration of Acquired Businesses across Geographies to drive growth Poland UK Poland Restructuring China Czech Republic 2012 2013/14 2016 2019 2020 2024 o Acquired Sifam meter o Restructured “Lumel” into o Acquired Shanghai VA o Lumel acquired a
Slide 26: Growth Drivers
3 Growth Drivers
Slide 27: Our Core Expertise
Our Core Expertise Strong and demonstrated management capabilities Acquired a loss-making business in Europe in 2012 and turnaround the company to 18% EBITDA margin Ability to drive technology and innovation through advanced and accredited R&D capabilities New product launch contributed to around 10
Slide 28: Vertically Integrated Business Model
Vertically Integrated Business Model Product Conceptualization Vertical Integration with Die-casting Vertical Integration with Electrical • Uncovers the unarticulated needs of consumers business to produce moulds Post Lifecycle Support • Drives efficiency and consumer manufacturing units value 01 De
Slide 29: In-House R&D Capabilities
In-House R&D Capabilities Launched and developed technology through continuous R&D 3 2 Design Registrations Global Patents Clamp Meter Invented and patented the rotary jaw mechanism and Multimeter, current Clamp meters with rotary safe trigger mechanism for clamp meters and voltage transducer, jaw m
Slide 30: Key Growth Strategies
Key Growth Strategies Promote product Target new customers cessible localization and Capitalize Be Ac and expand existing on company’s presence in customer accounts China, India and Europe ss Ha ompetitivene ve a Reliable Pr ost c o C duc t Continue to pursue long Enhance product term growth strateg
Slide 31: Industry Growth Drivers
Industry Growth Drivers 01 02 Electronics & Semiconductor Connected Vehicle/EV • Rising adoption of Industrial IoT solutions • Aluminum Die Casting expected to receive and integration of OT-IT shop floor significant fillip from EVs • Emphasis on DER* expands the need for • Integrated solutions of hi
Slide 32: Prestigious Awards received by Lumel SA
Prestigious Awards received by Lumel SA Lumel SA has received 3 prestigious awards, underscoring its exceptional performance and consistent growth over the past three years BUSINESS GAZELLES 2024 INNOVATION AWARD FORBES DIAMONDS 2025 & 2025 A Symbol of From the Three Years of Financial Marshal of th
Slide 33: Grand AsiaOne Global Leadership Awards Gala 2025
Grand AsiaOne Global Leadership Awards Gala 2025 Mr. Dinesh Musalekar, Managing Director & Group CEO of Rishabh Group of Companies, has been honoured with the prestigious title of Global Leader of the Year 2025 by AsiaOne Magazine The award was presented during the Grand AsiaOne Global Leadership Aw
Slide 34: Key Events/Order Wins in FY26
Key Events/Order Wins in FY26 Lumel SA, has signed a significant contract with a leading Germany based company operating in the energy Lumel SA signs €5 million (~ Rs 50 sector. The contract, valued at €5 million (~ Rs 50 Crores), covers the supply of advanced electronic devices Crores) contract – s
Slide 35: Huge Opportunity on Solar Business
HUGE Opportunity on Solar Business…. Launch of PM Suryaghar Muft Bijli Yojana, installing solar panels in Introducing next Market generation 1 crore households. The 2024-25 Budget allocates Rs 7,327 crore Opportunity to solar projects. solar inverters now made in India In-house R&D team added In-hou
Slide 36: MICROSYS - SCADA Software Co. in Czech Republic
MICROSYS - SCADA Software Co. in Czech Republic MICROSYS, spol. s r.o. company was established in 1991 as a Czech company with the headquarters in Ostrava Engaged in development of PROMOTIC visualization software (SCADA) and implementation of applications in the field of industrial process automatio
Slide 37: Corporate Structure
4 CORPORATE STRUCTURE
Slide 38: Corporate Structure at a Glance
Corporate Structure at a Glance Rishabh Instruments Limited 99.6% 100% 100% 100% Energy Solution Labs Pvt. Ltd. Dhruv Enterprises Ltd. Sifam Tinsley Instrumentation Shanghai VA Instrument Co. Ltd. (India) (Cyprus) Inc. (USA) (China) 100% 50.1% 100% Lumel Alucast Sp. Z.o.o Sifam Tinsley Instrumentati
Slide 39: Experienced Board of Directors
Experienced Board of Directors Narendra Joharimal Goliya Dineshkumar Musalekar Promoter, Executive Chairman Managing Director & Group CEO o Experience: 40+ years in manufacturing and o Experience: 30+ years in manufacturing and electrical industry electrical industry o Previously associated with Avi
Slide 40: Strong Management Team
Strong Management Team Narendra Joharimal Goliya Dineshkumar Musalekar Vishal Kulkarni Promoter, Executive Chairman Managing Director & Group CEO Chief Financial Officer o Experience: 40+ years in manufacturing and electrical industry o Experience: 30+ years in manufacturing and electrical industry
Slide 41: Awards and Accolades
Awards and Accolades 40
Slide 42: Approvals and Certifications
Approvals and Certifications Developed a new product series for single phase and three phase applications of revenue grade energy meters. The certification from NMI, Netherlands Lab opens up new avenues for European market. 41
Slide 43: Environmental Health and Safety Management System
Environmental Health and Safety Management System Energy Saving Devices Manufactures wide range of cost-effective process optimization products Zero Carbon Emission – RoHS Compliant • Conservation of natural resources like energy, water by implementation of resource management program • Prevention o
Slide 44: Corporate Social Responsibility
Corporate Social Responsibility IIT Collaboration Tied up with IIT Jodhpur to setup a center for innovation in Green Energy. Started engagement with IIT Bombay as part of the ASPIRE (Applied Science Park for Innovation Research & Entrepreneurship) where RIL will be working on innovative ideas in the
Slide 45: Historical Financial Highlights
5 Historical Financial Highlights
Slide 46: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement Profit and Loss (Rs. Mn) FY26 FY25 FY24 FY23 FY22 FY21 Revenue from Operations 7,751 7,203 6,897 5,695 4,703 3,900 Cost of Goods Sold 2,937 3,009 2,899 2,563 1,972 1,562 Gross Profit 4,814 4,194 3,998 3,132 2,731 2,337 Gross Profit Margin 62.1% 58.2% 5
Slide 47: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet Assets (Rs. Mn) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Equity & Liabilities (Rs. Mn) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Non - Current Assets 4,699.6 3,606.6 2,917.9 2,391.6 2,313.6 2,320.9 Total Equity 7,490.7 6,140.4 5,637.7 4,087.5 3,461.0 3,021.3 Pr
Slide 48: Historical Consolidated Abridged Cash Flow Statement
Historical Consolidated Abridged Cash Flow Statement Particulars (Rs. Mn) FY26 FY25 FY24 FY23 FY22 FY21 Net Profit Before Tax 1,059.8 298.4 510.5 607.2 592.4 458.0 Adjustments for: Non -Cash Items / Other Investment or Financial 389.5 368.0 469.0 285.4 166.8 196.4 Items Operating profit before worki
Slide 49: Thank You
T h a n k Yo u . . For more information, please contact Rishabh Instruments Limited CIN - L31100MH1982PLC028406 Mr. Ajinkya Joglekar (CS) ajinkya.joglekar@rishabh.co.in Mr. Nishant Dudhoria (AGM – Strategy, Finance and PR) nishant.dudhoria@rishabh.co.in www.rishabh.co.in
Rishabh Instruments — Q4 & FY26 Earnings Presentation on 6ix