Rishabh Instruments Ltd (NSE:RISHABH)
₹ 660.6 -7.7 (-1.15%) Market Cap: 25.46 Bil Enterprise Value: 24.27 Bil PE Ratio: 31.45 PB Ratio: 3.44 GF Score: 56/100

Q3 2026 Rishabh Instruments Ltd Earnings Call Transcript

Feb 06, 2026 / 09:00AM GMT
Release Date Price: ₹436.65 (+3.15%)

Key Points

Positve
  • Rishabh Instruments Ltd (NSE:RISHABH) achieved its annual guidance within nine months, demonstrating strong operational execution.
  • The company reported a significant improvement in margins, with EBITDA margins reaching 17.1% in Q3 FY26, up from 7.9% in the previous year.
  • Rishabh Instruments Ltd (NSE:RISHABH) is benefiting from favorable policy developments, such as the India-European Union Free Trade Agreement and India-US trade arrangements, which are expected to enhance export competitiveness.
  • The company is actively expanding its geographical footprint, focusing on emerging markets like Africa, the Middle East, and South America, which are expected to drive future growth.
  • Rishabh Instruments Ltd (NSE:RISHABH) has implemented cost optimization and operational efficiency initiatives, contributing to sustainable margin improvements.
Negative
  • The aluminum die casting segment is undergoing a transition, with a deliberate reduction in automotive exposure, leading to a projected revenue decline of INR50-60 Crores in the next financial year.
  • Revenues in the quarter were below internal expectations, despite strong margin performance.
  • The European market remains subdued, with demand softness in industrial automation and power infrastructure due to shifting government spending priorities.
  • The high-pressure die casting segment is experiencing near-term softness, with a focus on maintaining EBITDA at break-even levels during the transition.
  • The company faces challenges in the US market due to tariff changes, with an 18% duty imposed on exports from India, impacting competitiveness.
Operator

Ladies and gentlemen, good day and welcome to Rishabh Instruments Limited Q3 and nine-month F526 earnings conference call. (Operator Instructions). I now have the conference over to Mr. Narendra Goliya, promoter and executive Chairman, for his opening remarks, Thank you. And over to you, sir.

Narendra Goliya Rishabh Instruments Ltd;EXECUTIVE CHAIRMAN

Thank you. Good afternoon, everybody. Thank you for joining the Q3 FY26 earnings conference call of Rishab Instruments Limited.

Joining me today will be Dinesh Musalekar, full-time director. He's at the moment in Poland, but he will join this call. Vishal Kolkani is the Chief Financial Officer, who will also join Nisham Dudoria, Additional GM Strategy, Finance and Public Relations. And we have representatives from EBITDA, our investor relations advisors.

Our financial results and investor presentation have been released to the stock exchanges yesterday and uploaded on the company's website. We trust you all had an opportunity to review them and make up your questions. I will begin with a

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