Slide 1: Filing cover letter to NSE and BSE
April 4, 2024 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/ Ma’am, S
Slide 2: Investor Presentation – Q3 & 9MFY24
RISHABH INSTRUMENTS LIMITED Investor Presentation – Q3 & 9MFY24 Measure Control Record Analyze 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: About Us
1 ABOUT US
Slide 5: 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 6: Company Timeline
Company Timeline › Incorporated › Listed on Stock › Agreement for technical › Received M-SIPs assistance with M/s › Acquisition of Shanghai approval from Govt. of Exchanges › Sifam Tinsley Yihua V&A Gossen – Metrawatt India Instrumentation Instrumentation GmbH Ltd acquired Sifam meter and Tinsley pr
Slide 7: Diversified Product Portfolio
Diversified Product Portfolio… Business Segments Metering, Control Portable Test and Aluminium High- Electrical and Protection Measuring Pressure Die- Others Automation Devices Instruments Castings Temperature Temperature Analog Panel Current Rotary CAM Digital Digital Digital I/O Controller and Hum
Slide 8: Leading Market Positioning in Key Segments
… with Leading Market Positioning in Key Segments... Segment wise Leadership Metering, Control Portable Test and Aluminium High- Electrical and Protection Measuring Pressure Die- Others Automation Devices Instruments Castings #1 #3 #2 3mn #1 1st player in Electrical 3rd player in the Digital 2nd pla
Slide 9: Manufacturing Presence across Geographies
… and Manufacturing Presence across Geographies… Our 5 Manufacturing units are in India, Poland and China Headquarter: Maharashtra, India 350+ Global Authorised Distributors 5 manufacturing and 2 modification facilities 13+ Sales offices Export to 100+ Countries Manufacturing Modification Office Mar
Slide 10: 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 Lumel Alucast Facility II 9
Slide 11: Two Modification Centres
And two Modification Centres… Shanghai | China Manufacturing Facility Sifam Tinsley | Modification Centre UK US 10
Slide 12: Marquee Clientele Base
… 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 11
Slide 13: 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 2012 2013/14 2016 2019 2020 o Acquisition of Lubuskie o Acquired Sifam meter o Restructured “Lumel” into o Acquired Shanghai VA o Lumel acqu
Slide 14: Growth Drivers
2 Growth Drivers
Slide 15: 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 16: 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 17: 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 18: 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 19: 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 20: Corporate Structure
3 CORPORATE STRUCTURE
Slide 21: Corporate Structure at a Glance
Corporate Structure at a Glance Rishabh Instruments Limited 99.6% Holding 100.0% Holding 100.0% Holding 99.75% Holding Energy Solution Labs Pvt. Ltd. Dhruv Enterprises Ltd. Sifam Tinsley Instrumentation Shanghai VA Instrument Co. Ltd. (India) (Cyprus) Inc. (USA) (China) 100.0% Holding 50.1% Holding
Slide 22: Experienced Board of Directors
Experienced Board of Directors Narendra Joharimal Goliya Parappath Ramakrishnan Rathin Banerjee Promoter, Chairman and MD Non-Executive Director Independent Director o Experience: 40+ years in manufacturing and electrical industry o Holds a bachelor’s degree in science from the University of Kerala.
Slide 23: Strong Management Team
Strong Management Team Narendra Joharimal Goliya Dinesh Kumar Musalekar Vishal Kulkarni Promoter, Chairman and MD Group CEO Chief Financial Officer o Experience: 40+ years in manufacturing and electrical industry o Experience: 30+ years in manufacturing and electrical industry o Associated with the
Slide 24: Awards and Accolades
Awards and Accolades 23
Slide 25: Approvals and Certifications
Approvals and Certifications 24
Slide 26: 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 27: Corporate Social Responsibility
Corporate Social Responsibility IIT Collaboration Tied up with IIT Jodhpur to setup a center for innovation in Green Energy Sponsor to Lumel as an official sponsor supported the Embassy of India Embassy of India in to promote Indian culture in Poland during 26th January Poland 2024 Republic Day Cele
Slide 28: Delivering Value to Stakeholders
Delivering Value to Stakeholders Listed on 11th September 2023 ✓ Rishabh Instrument Limited got listed on BSE & NSE ✓ Offer for sale of up to 94,28,178 Equity shares ✓ Fresh Issue of up to 17,00,680 Equity shares ✓ Objects of the Issue : • Financing the cost towards the Expansion of Nashik Manufactu
Slide 29: Financial Performance
4 FINANCIAL PERFORMANCE
Slide 30: Management Commentary
Management Commentary Commenting on the Q3 & 9MFY24 results, Mr Dinesh Musalekar, CEO of Rishabh Instruments Limited, said, “During 9MFY24, we achieved a growth of 30% Y-o-Y in Revenues to INR 5,118 Mn which reinforces the demand for our products both in Electrical and Diecasting business globally a
Slide 31: Q3 & 9MFY24 Consolidated Highlights
Q3 & 9MFY24 Consolidated Highlights Revenue (Rs. Mn) Adjusted* EBITDA (Rs. Mn) PAT (Rs. Mn) Operational Highlights 740 376 ❖ Launch of new products in Aluminum die-cast 346 business with higher development cost & relatively 5,118 lower revenues in the initial phase, however, these 3,951 511 are long
Slide 32: Q3 & 9MFY24 Product wise Revenue Break-Up
Q3 & 9MFY24 Product wise Revenue Break-Up Q3 FY23 Q3 FY24 ❖ Key Highlights 9.9% 6.9% 9.9% 0.4% ❖ Electrical automation has grown by 19% in Q3FY24 to 37.9% INR 157 Mn & by 29 % in 9MFY24 to INR 528 Mn on Y-o-Y basis. 37.0% 41.7% 39.0% ❖ Metering and control devices has grown by 11% in Q3FY24 to INR 6
Slide 33: Q3 & 9MFY24 Geography Revenue Break-Up
Q3 & 9MFY24 Product wise Revenue Break-Up Q3 FY23 Q3 FY24 Key Highlights in the Geography 6.9% 8.0% 4.6% 1.0% • Revenue from Europe has grown by 40% for 18.5% 18.7% 9MFY24 to INR 2,511.7 Mn on a Y-o-Y basis 49.5% 50.7% • Revenue from Poland has grown by 32% for 20.3% 21.8% 9MFY24 to INR 1,077.5 Mn o
Slide 34: Q3 & 9MFY24 Consolidated Profit & Loss Statement
Q3 & 9MFY24 Consolidated Profit & Loss Statement Profit & Loss [Rs. Mn] Q3FY24 Q3FY23 YoY Q2FY24 QoQ 9MFY24 9MFY23 YoY Revenue from Operations 1,593 1,339 19% 1,801 -12% 5,118 3,951 30% COGS 722 506 755.2 2,212 1,784 Gross Profit 871 833 5% 1,045 -17% 2,907 2,167 34% GP Margin % 55% 62% 58% 57% 55%
Slide 35: Historical Financial Highlights
5 Historical Financial Highlights
Slide 36: Historical Consolidated Financial Highlights
Historical Consolidated Financial Highlights Revenue (Rs. Mn) Adjusted* EBITDA (Rs. Mn) Profit After Tax (Rs. Mn) +18% +21% +21% 5,695.4 840.6 496.5 496.9 4,702.5 729.7 3,899.6 575.1 359.4 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 Gross Margins (%) Adjusted* EBITDA Margins (%) PAT Margins (%) 59.
Slide 37: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (Rs. Mn) FY23 FY22 FY21 CAGR Revenue from Operations 5,695 4,703 3,900 21% Cost of Goods Sold 2,563 1,972 1,562 Gross Profit 3,132 2,731 2,337 16% Gross Profit Margin 55.0% 58.1% 59.9% Employee Cost 1,451 1,257 1,149 Other Expenses 840 743 613 Adj
Slide 38: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Mn) Sep-23 Mar-23 Mar-22 Mar-21 Equity & Liabilities (Rs. Mn) Sep-23 Mar-23 Mar-22 Mar-21 Non - Current Assets 2,509.4 2,391.6 2,313.6 2,320.9 Total Equity 5,211.5 4,087.5 3,461.0 3,021.3 Property Plant & Equipment's 1,853.4 1,926.0 1,943.5 1,980.8 Share Capita
Slide 39: Consolidated Abridged Cash Flow Statement
Consolidated Abridged Cash Flow Statement Particulars (Rs. Mn) H1FY24 FY23 FY22 FY21 Net Profit Before Tax 366.5 607.2 592.4 458.0 Adjustments for: Non -Cash Items / Other Investment or Financial Items 277.8 285.4 166.8 196.4 Operating profit before working capital changes 644.2 892.6 759.2 654.4 Ch
Slide 40: Consolidated Key Ratios
Consolidated Key Ratio’s Working Capital (Rs. Mn) Debt to Equity Asset Turnover 2,087.7 0.3 0.9 1,915.6 0.3 0.8 0.3 0.8 0.7 1,405.7 855.8 0.1 FY21 FY22 FY23 H1FY24 FY21 FY22 FY23 H1FY24 FY21 FY22 FY23 H1FY24 Return on Asset (%) Return on Equity (%) Return on Capital Employed (%) =Net Profit / Total
Slide 41: Thank You
T h a n k Yo u . . For more information, please contact Company: Investor Relations Advisor: Rishabh Instruments Limited. Strategic Growth Advisors Pvt. Ltd. CIN - L31100MH1982PLC028406 CIN - U74140MH2010PTC204285 Mr. Ajinkya Joglekar Mr. Nishant Dudhoria/ Mr. Vatsal Shah ajinkya.joglekar@rishabh.co