Slide 1: Exchange filing cover letter for results presentation
May 27, 2025 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 & FY25
RISHABH INSTRUMENTS LIMITED Investor Presentation – Q4 & FY25 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: Financial Performance
1 FINANCIAL PERFORMANCE
Slide 5: Management Commentary
Management Commentary Commenting on the Q4FY25 results, Mr Dinesh Musalekar, said, “I am pleased to share that we achieved a 5.4% year-on-year growth in our consolidated revenues for Q4FY25, reaching INR 1,875 Mn. For FY25, we reported a 4.4% YoY growth, with revenues totaling to INR 7,203 Mn. The E
Slide 6: Q4 & FY25 Standalone Financial Highlights
Q4 & FY25 Standalone Financial Highlights Revenue (Rs. Mn) Adjusted EBITDA* (Rs. Mn) PAT (Rs. Mn) 6.5% -21.0% -27.8% 2,392 510 324 2,246 403 Operational Highlights 234 109.7% 15.8% +8.6% ❖ Standalone revenue for 591 684 137 149 89 Q4FY25 stood at INR 684 Mn, 42 registering a growth of 16% YoY. For t
Slide 7: Q4 & FY25 Consolidated Highlights
Q4 & FY25 Consolidated Highlights Revenue (Rs. Mn) Adjusted EBITDA* (Rs. Mn) PAT (Rs. Mn) Operational Highlights +4.4% -33.0% -47.0% ❖ Consolidated revenue for Q4FY25 6,897 7,203 955 399 stood at INR 1,875 Mn, registering a growth of 5.4% YoY. For the full 640 year FY25, revenue was INR 7,203 212 Mn
Slide 8: Revenues and Margin Profile on a Growth Trajectory
Revenues and Margin Profile on a Growth Trajectory Standalone Revenue & Adjusted EBITDA Margins Operational Highlights Adj EBITDA (%) Revenues 800 21.8% 25 ❖ Standalone revenues have demonstrated a consistent recovery, reflecting improved demand 17.9% 20 and operational execution. 600 14.4% 12.3% 15
Slide 9: Q4 & FY25 Product wise Revenue
Q4 & FY25 Product wise Revenue Q4FY24 Q4FY25 Key Highlights 7.4% 1.7% 1.8% 15.0% ❖ Electrical automation has stood at INR 281 Mn in Q4FY25 and INR 993 Mn in FY25. 39.6% 39.8% 39.1% ❖ Metering and control devices has stood 36.5% at INR 684 Mn in Q4FY25 and INR 2,846 Mn in FY25. 12.0% 7.1% ❖ Aluminum
Slide 10: Q4 & FY25 Geography wise Revenue
Q4 & FY25 Geography wise Revenue Q4FY24 Q4FY25 Key Highlights in the Geography 1.0% 5.2% 0.2% 0.5% ❖ Revenue from Europe has stood at 30.5% INR 3,415 Mn in FY25 and INR 928 Mn in 28.3% Q4FY25 46.5% 49.5% ❖ Revenue from Poland has stood at INR 1,416 Mn in FY25 and INR 309 Mn in 21.8% 16.5% Q4FY25 ❖ R
Slide 11: Q4 & FY25 Standalone Profit & Loss Statement
Q4 & FY25 Standalone Profit & Loss Statement Profit & Loss [INR Mn] Q4FY25 Q4FY24 YoY Q3FY25 QoQ Mar-25 Mar-24 YoY Revenue from Operations 684 591 15.8% 592 15.4% 2,392 2,246 6.5% COGS 329 259 327 1,230 1,055 Gross Profit 355 332 6.7% 265 33.7% 1,162 1,191 -2.4% GP Margin % 51.8% 56.2% -438 bps 44.8
Slide 12: Q4 & FY25 Consolidated Profit & Loss Statement
Q4 & FY25 Consolidated Profit & Loss Statement Profit & Loss [INR Mn] Q4FY25 Q4FY24 YoY Q3FY25 QoQ Mar-25 Mar-24 YoY Revenue from Operations 1,875 1,779 5.4% 1,812 3.5% 7,203 6,897 4.4% COGS 728 688 773 3,009 2,899 Gross Profit 1,147 1,091 5.1% 1,039 10.4% 4,194 3,998 4.9% GP Margin % 61.2% 61.3% -1
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Mn) Mar-25 Mar-24 Equity & Liabilities (Rs. Mn) Mar-25 Mar-24 Non - Current Assets 3,587.9 2,917.9 Total Equity 6,142.8 5,637.7 Property Plant & Equipment's 2,736.9 2,395.9 Share Capital 382.2 382.1 CWIP 235.9 123.9 Other Equity 5,731.0 5,208.1 Goodwill 304.1 2
Slide 14: Consolidated Abridged Cash Flow Statement
Consolidated Abridged Cash Flow Statement Particulars (Rs. Mn) FY25 FY24 Net Profit Before Tax 301.3 510.5 Adjustments for: Non -Cash Items / Other Investment or Financial Items 364.9 469.0 Operating profit before working capital changes 666.3 979.5 Changes in working capital 112.4 -104.12 Cash gene
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 › Incorporated › Agreement for technical › Sifam Tinsley › Acquisition of Shanghai › Received M-SIPs › Listed on Stock assistance with M/s Instrumentation Yihua V&A approval from Govt. of Exchanges Gossen – Metrawatt Ltd acquired Instrumentation India GmbH Sifam meter and Tinsley pr
Slide 18: 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 19: 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 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. Annual Installed Capacity of 38.5 mn products per annum* Current Capacity utilisation
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: And 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 and Utilisation
… serving through our in-house ample capacities Total Installed Capacity and Utilisation As of March 31, As of March 31, As of March 31, As of March 31, As of March 31, Total of all Manufacturing Facilities (All Products) 2021 2022 2023 2024 2025 Installed Capacity (Annual Units p.a. in millions) 28
Slide 25: A Large Addressable Market
… to a large addressable market Business Segment Global Markets ($ bn) Indian Markets ($ bn) 2022 CAGR 2027E SRM* 2022 CAGR 2027E SRM* 7.8% 9.0% Electrical Automation 147.5 215.1 35.5% 6.4 9.8 35.5% 4.8% 5.5% 34.1 43.1 20.8% 0.7 0.9 13.6% Metering, Control and Protection Devices 5.1% 6.9% 5.1 6.6 52
Slide 26: 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 27: Growth Drivers
3 Growth Drivers
Slide 28: 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 29: 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 30: 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 31: 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 32: 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 33: 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 FORBES DIAMONDS 2025 BUSINESS GAZELLES 2024 INNOVATION AWARD A Symbol of From the Three Years of Financial Marshal of the Consi
Slide 34: Key Events during the year
Key Events during the year Rishabh Instruments Conducts 5-year Global Product Rishabh Instruments partnership with ASPIRE-IITB Development strategy workshop Research Park Foundation Rishabh Instruments partnership with ASPIRE-IITB Research Park Foundation, Rishabh Instruments hosted an intensive, we
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 has 23% In-h
Slide 36: Acquired SCADA Software in FY25
Acquired SCADA Software in FY25 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 automation Focused on R&D
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% 99.94% Energy Solution Labs Pvt. Ltd. Dhruv Enterprises Ltd. Sifam Tinsley Instrumentation Shanghai VA Instrument Co. Ltd. (India) (Cyprus) Inc. (USA) (China) 100% 50.1% 100.0% Lumel Alucast Sp. Z.o.o Sifam Tinsley Instrumen
Slide 39: Experienced Board of Directors
Experienced Board of Directors Dinesh Kumar Musalekar Narendra Joharimal Goliya Whole Time Director Promoter, Executive Chairman o Experience: 30+ years in manufacturing and electrical industry o Experience: 40+ years in manufacturing and electrical industry o Previously associated with Avire India
Slide 40: Strong Management Team
Strong Management Team Narendra Joharimal Goliya Dineshkumar Musalekar Vishal Kulkarni Promoter, Executive Chairman Wholetime Director Chief Financial Officer o Experience: 40+ years in manufacturing and electrical industry o Experience: 30+ years in manufacturing and electrical industry o Associate
Slide 41: Awards and Accolades
Awards and Accolades 40
Slide 42: Approvals and Certifications
Approvals and Certifications 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: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (Rs. Mn) FY25 FY24 FY23 FY22 FY21 Revenue from Operations 7,203 6,897 5,695 4,703 3,900 Cost of Goods Sold 3,009 2,899 2,563 1,972 1,562 Gross Profit 4,194 3,998 3,132 2,731 2,337 Gross Profit Margin 58.2% 58.0% 55.0% 58.1% 59.9% Employee Cost 2,0
Slide 47: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Mn) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Equity & Liabilities (Rs. Mn) Mar-25 Mar-24 Mar-23 Mar-22 Mar-21 Non - Current Assets 3,587.9 2,917.9 2,391.6 2,313.6 2,320.9 Total Equity 6,142.8 5,637.7 4,087.5 3,461.0 3,021.3 Property Plant & Equipment's 2,736.9 2,395.
Slide 48: Consolidated Abridged Cash Flow Statement
Consolidated Abridged Cash Flow Statement Particulars (Rs. Mn) FY25 FY24 FY23 FY22 FY21 Net Profit Before Tax 301.3 510.5 607.2 592.4 458.0 Adjustments for: Non -Cash Items / Other Investment or Financial Items 364.9 469.0 285.4 166.8 196.4 Operating profit before working capital changes 666.3 979.5
Slide 49: 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. Sagar Shroff / Mr. Vatsal Shah ajinkya.joglekar@rishabh.co.in