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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Rishabh Instruments Limited is an India-based company, which is engaged in the business of manufacturing, designing and development of global energy efficiency solutions. The Company is engaged in designing, development and manufacturing of test and measuring instruments, and…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, steadily growing business, trading cheap versus its own history.
RISHABH INSTRUMENTS LTD is scored on the commodity / cyclical framework. It keeps a healthy 10.3% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.32× reported profit. Free cash flow is worth about -0.3% of its market value.
Over the last 3 years revenue compounded at 11%/yr and profit at 18%/yr. Book value itself has compounded 22%/yr — the hallmark of a genuine compounder. Return on equity is a modest 10.9%. In the latest quarter profit fell 3% versus the prior quarter.
At 29× earnings, the stock sits at the 17th percentile of its own 3.2-year range — the cheap end of where it has historically traded. Today's price implies ~14%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 29.6 | 28.09 | worse |
| P/B | 3.26 | 6.18 | better |
| EV/EBITDA | 15.91 | 18.03 | better |
| ROE | 10.94 | 6.94 | better |
| ROCE | 13.2 | 11.6 | better |
| ROA | 8.18 | — | — |
| Quick Ratio | 2.05 | 1.61 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| BHEL | 50.7 | 5.5 | 10.8% |
| ABB India | 70.7 | 47.9 | 22.4% |
| CG Power | 89.3 | 13.9 | 15.7% |
Revenue has grown every year across all 4 financial years shown. 11% CAGR over 3 years — steady double-digit compounder.
Profit is growing faster than revenue (18% vs 11%) — margin expansion is at work. The latest year saw a +292% swing — check if it's a one-off or structural.
Operating margin has expanded from 10% to 13% — the business is keeping more of each rupee earned. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 11% — modest; the capital isn't working hard.
18% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.3× PAT — earnings are well-backed by cash; strong accrual quality. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.2y median.
Promoters hold 69.3% — heavily owner-operated with strong skin in the game. FII stake up 2.1pp over 4 quarters — growing foreign interest. MF stake down 7.1pp — domestic funds are booking profits or rebalancing out.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.