BSE: 526492
Rishiroop Limited
Operates as a single-segment business in the rubber and polymer compounds industry, listed on BSE. Revenue from operations for FY26 came in at Rs 7,198.97 lakhs, down about 3.2% from Rs 7,436.11 lakhs in the previous year. The largest input cost is materials at 23.0% of revenue, followed by employee costs at 8.3% and other operating expenses at 5.0%. Net profit for FY26 was Rs 916.36 lakhs, with a fair valuation gain on investments of Rs 215.61 lakhs booked in Q3 FY26. The company carries no outstanding borrowings as of March 31, 2026 and has no subsidiaries. The promoter group entity Rishiroop Polymers Private Limited holds 30.96% of paid-up capital, and a related-party lease covers 1,000 sq. ft. of office space in Andheri East, Mumbai at Rs 2,50,000 per month. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Polymers & Compounds (100%). Small, single-segment, debt-free industrial rubber and polymer compounds manufacturer
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 84 | 89 | 77 | 74 | 72 |
| EBITDA (ex other income) | 13 | 6 | 7 | 5 | 5 |
| margin % | 15.6 | 6.9 | 9.2 | 7.3 | 7.3 |
| Owners' profit | 17 | 8 | 24 | 11 | 7 |
| EPS, as reported (₹) | 17.78 | 8.84 | 26.36 | 11.64 | 7.31 |
| ROE % · ROCE % | 18.0 · 22.4 | 8.1 · 10.8 | 19.6 · 22.1 | 8.1 · 10.5 | 4.9 · 6.2 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 16 | 14 | 7 | 1 | 4 |
| Capex | (2) | (0) | (0) | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 21 | 17 | 19 | 18 | 18 | 15 | 21 | 25 |
| Profit before tax | 9 | (3) | (2) | 10 | 0 | 4 | (6) | 16 |
| Net profit | 7 | (3) | (2) | 9 | 0 | 3 | (6) | 13 |
| EPS (₹) | 8.06 | (2.73) | (2.61) | 9.46 | 0.24 | 3.74 | (6.13) | 13.84 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| APCOTEX INDUSTRIES LIMITE | 2,709 | 16.8 | 4.36 | — | 16.3 | 19.6 | — | 22.8 |
| PIX TRANSMISSIONS LIMITED | 2,302 | 17.5 | 3.30 | 13.1 | 15.3 | 19.2 | 7.8 | 49.0 |
| TINNA RUBBER AND INFR LTD | 1,340 | 21.4 | 4.46 | 15.3 | 17.6 | 20.1 | 33.2 | 22.1 |
| GRP LIMITED | 923 | 162.8 | 5.17 | 27.2 | 1.8 | 2.9 | 13.9 | 11.1 |
| RUBFILA INTERNATIONAL LTD | 292 | 11.1 | 0.94 | 5.8 | 8.6 | 10.9 | 13.3 | 8.1 |
| HARRISON MALAYALAM LTD | 288 | 10.6 | 1.61 | 8.1 | 16.3 | 10.1 | 3.6 | 7.1 |
| AMEENJI RUBBER LIMITED | 268 | 33.8 | — | — | — | 11.2 | — | — |
| ELGI RUBBER CO. LTD | 242 | — | 3.20 | — | (317.4) | (143.8) | 1.3 | 79.5 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 9.8 | 15.9 | 1 of 10 | 100% |
| P/B | 0.8 | 2.8 | 1 of 10 | 100% |
| ROCE | 6.1 | 10.9 | 9 of 11 | 20% |
| ROE | 4.9 | 15.1 | 8 of 10 | 22% |
| Debt / Equity | 0.0 | 0.4 | 1 of 10 | 89% |
| EBITDA margin | 62.9 | 16.9 | 2 of 10 | 89% |
| Revenue growth | 41.8 | 22.8 | 1 of 9 | 100% |
| Profit growth | 46.3 | 75.2 | 6 of 9 | 38% |
| Market cap | 106 | 288 | 9 of 11 | 20% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · Board meeting on Nov 5 to approve Q2 FY27 results | results | low | — | — |
| 14 Oct 2026 · Newspaper publication on SEBI dispute resolution process | compliance | minimal | — | — |
| 9 Oct 2026 · Quarterly compliance certificate for dematerialisation filed with BSE | compliance | minimal | — | — |
| 25 Sept 2026 · Trading Window Closure from October 1, 2026 | compliance | minimal | — | — |
| 23 Sept 2026 · Rishiroop informs shareholders about Postal Ballot notice and e-voting | compliance | minimal | — | — |
| 22 Sept 2026 · Postal ballot for appointing Mrs Batul Shah as Independent Director | management changes | medium | — | — |
| 17 Sept 2026 · Board meeting outcome Sep 17 2026: Director appointed | management changes | medium | — | — |
| 10 Sept 2026 · Board to consider appointment of Non-Executive Independent Director | management changes | medium | — | — |
| 9 Sept 2026 · AGM Results: 100% Approval On All 3 Resolutions; Dividend Of Rs.1.50 Approved | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Independent Director Hemant Vakil completes second term, exits board | management changes | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.