As per Attachment
RISHABH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rishabh Instruments reported strong FY26 results with consolidated EBITDA of INR 126.4 crores, up 161% YoY, with margins expanding 960 bps to 16.3%. The standalone business delivered EBITDA of INR 604 million with 72.6% growth and margin improvement of 800 bps to 22.6%. Gross margins improved to 54% from 48.6% due to better product mix and procurement. The Poland electronics business (Lumel SA) contributed 51% of group PAT with 23% EBITDA margins, while the die casting business (Alucast) turned EBITDA positive at INR 33 million from a loss of INR 150 million last year. Management announced a 20% dividend and guided for 20-25% revenue growth in EEI segment with 20-22% EBITDA margins for FY27, targeting INR 100 crores from U.S. operations in 3-4 years and INR 24-25 crores from solar inverters in FY27.
The substantial margin expansion and clear multi-year guidance of 20-25% growth with 20-22% EBITDA margins signals strong execution capability and operational leverage, which should be positive for the stock. The Alucast turnaround and new Nashik facility commissioning further strengthen the growth roadmap.