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RISHI LASER LTD.

Capital Goods › Industrial Manufacturing
₹145.35
at close · 28 Oct 2026
▼ 4.65 (-3.10%)

Latest filings

  1. Manoj Dua and Camel Foods cross 5 percent holding in Rishi Laser · Ownership Changes
  2. Manoj Dua and Camel Foods cross 5% stake in Rishi Laser · Ownership Changes
  3. RTA compliance certificate for quarter ended September 2026 · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Cuts, fabricates, and finishes sheet metal parts for heavy engineering customers, using industrial laser cutting, robotic welding, and in-house painting. The construction equipment segment makes up 53% of FY26 revenue, with Caterpillar as the primary customer (1,000+ parts shifted to the new Malur plant) and Volvo among other earth-moving OEMs. Exports contributed 14.2% of revenue (₹22.83 crore) in FY26, with Western Europe flagged as the highest-potential export geography. The new Malur (Bangalore) plant is fully operational with the Phase-1 paint shop going live in June 2026, and the company is targeting ₹60 crore revenue from Malur in FY27, scaling to ₹100 crore by FY29. Operating costs are dominated by raw materials at 50.3% of revenue, followed by employee costs at 20.4% (which jumped 23% YoY in FY26 on workforce expansion and new Labour Codes provisions) and other opex at 20.6%. Management has guided to ~20% revenue growth in FY27 and a 1.5-2% EBIT margin improvement, with total all-plant revenue potential estimated at ₹250 crore at 80% utilisation.

Revenue mix · reported segments
Construction equipment / earthmoving fabrication53.0%
Exports14.2%
Operating scale
Construction equipment share of revenue
53% of FY26 revenue
Export share of revenue
14.2% (₹22.83 crore) in FY26
Malur plant parts
1,000+ Caterpillar parts shifted to new Bangalore plant
Property, plant and equipment
₹94.7 crore as of FY26
Debt-to-equity
0.29x as of FY26
Malur plant revenue targets
₹60 crore in FY27, scaling to ₹100 crore by FY29
Who pays it
Caterpillar (primary), Volvo, other earthmoving and construction equipment OEMs, plus export customers in Western Europe
Biggest cost
Raw materials at 50.3% of revenue, with employee costs at 20.4% also material
Kind of business
Capital-intensive, cyclical metal fabrication serving construction equipment and earthmoving OEMs
Where it sits
Tier-1 fabricator supplying 1,000+ parts to Caterpillar across two manufacturing facilities (Bhamsundra and Malur)
Market Cap
₹134 Cr
P / E (TTM)
27.0×
EV / EBITDA
13.1×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
7.4%·
ROCE (5y median)
ROE 0.8% (5y median) · margin 7.9%
Leverage
0.16·
Debt / Equity · low
Net debt ₹5.25 Cr
Revenue FY19→FY23
1.0×▼
Margin +1.2 pts
₹141 Cr → ₹134 Cr
Cash conversion
4.23×▲
Operating cash ÷ profit · 3 yrs
₹13 Cr on ₹3 Cr
Moves on a normal day
1.16%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 145 Industrial Products peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#67/130
P/B#55/112
ROCE#84/142
ROE#49/113
Debt / Equity#56/113
EBITDA margin#78/110
Revenue growth#81/114
Profit growth#27/109

Scorecard

Measured from the filed financials, judged against its Industrial Products peers · as of FY23 — not investment advice

Strengths
Over 3 years it reported ₹3.06 Cr of profit and ₹13 Cr of operating cash — 4.23×
Profit is converting into cash
Concerns
Returns on capital 7.4% (5-year median)
#84 of 142 in Industrial Products on the latest reported figures · up from 11.4% in FY19

Charts

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Price

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Peers

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from RISHI LASER LTD.'s filed financials and exchange disclosures

What does RISHI LASER LTD. do?

RISHI LASER LTD. is a Industrial Manufacturing company listed on BSE.

Is RISHI LASER LTD. profitable?

Yes. Over the trailing twelve months RISHI LASER LTD. reported a net profit of ₹4.94 Cr on revenue of ₹134 Cr.

Does RISHI LASER LTD. pay a dividend?

Not in the latest reported year — RISHI LASER LTD.'s dividend payout for FY23 was nil.

Is RISHI LASER LTD. debt-free?

No. It reported borrowings of ₹7.00 Cr on its 31 Mar 2023 balance sheet, or net debt of ₹5.25 Cr after cash. Debt stands at 0.16× equity. That is lower than 51% of its 113 Industrial Products peers.

Is RISHI LASER LTD. expensive compared with its peers?

On trailing P/E, RISHI LASER LTD. ranks 67 of 130 in Industrial Products — cheaper than 49% of them, against an industry median of 26.7×. This is a position, not a valuation judgement.

How much does the RISHI LASER LTD. share price move in a day?

On a typical session RISHI LASER LTD. moves 1.16% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track RISHI LASER LTD.'s announcements?

Every NSE and BSE filing by RISHI LASER LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.