Rishabh Instruments Ltd

(RISHABH)

Rishabh Instruments Ltd. was incorporated as a Private Limited Company with the name Rishabh Instruments Private Limited under the Companies Act 1956 dated October 6 1982 granted by the ROC. Pursuant to conversion of the Company into Public Limited on September 8 2022 name of the Company was changed to Rishabh Instruments Limited and the RoC issued a fresh certificate of incorporation on September 22 2022. The Company is a global energy efficiency solution company focused on electrical automation metering and measurement precision engineered products with diverse applications across industries including power automotive and industrial sectors. The Company supply a wide range of electrical measurement and process optimization equipment and are vertically integrated player involved in designing developing manufacturing and supplying electrical automation devices metering control and protection devices portable test and measuring instruments and solar string inverters. In addition it manufacture and supply aluminium high pressure die casting through Subsidiary Lumel Alucast. It also provide certain manufacturing services which include mould design and manufacturing EMI/EMC testing services Electronic Manufacturing Services and software solutions e.g. MARC.Electrical automation products include energy management software transducers and isolators paperless recorders chartless and dataloggers temperature and humidity recorders I/O converters and temperature controllers among others. Their metering control and protection devices consist of analog panel meters rotary cam switches current transformers shunts digital panel meters multifunction meters multiload monitoring meters power quality meters power quality analyzers power factor controllers LV and MV relays genset controllers synchronizing units power supply and battery chargers among others. Under portable test and measuring instruments portfolio the Company manufacture various categories of digital multimeters digital clamp meters digital insulation testers digital earth testers and environmental products such as ultrasonic level/thickness meter digital luxmeter noncontact tachometers DB meter submarine cable fault locator among others. Apart from these it also manufacture solar string inverters in India designed for use in photovoltaic installations connected to the grid. In terms of aluminium high pressure die castings we serve global automation automotive and other industries with our inhouse designed tools which include die casting moulds and CNC fixtures and various post casting processes such as high precision machining surface treatment and heat treatment. The Company provide complete aluminium high pressure die casting solutions for customers requiring close tolerance fabrication such as automotive compressor manufacturers and automation high precision flow meters manufacturers machining and finishing of precision components. The Company is diversified in terms of end users of products serving industrial FMCG pharmaceutical cement steel railways power generation transmission and distribution renewable energy oil and gas OEM industries transformer motor cable and special machine manufacturers and new applications data centre laboratories semiconductors consumer electronics and building automation.The Company was founded in 1982 by Narendra Joharimal Goliya who is the Promoter.In 1983 the Company entered into an agreement for technical assistance with a Germany based company.In 1993 it entered into a distributorship agreement with Larsen Toubro Limited.In 1997 it entered into an agreement for technical assistance with M/s Gossen Metrawatt GmbH.In 1998 the Company increased Manufacturing Facility I at Nashik.In 2002 it entered into a technology transfer agreement with a Germany based company.In 2008 it entered into an agreement with a company based out of United Kingdom for production of audio / video recording equipments.The Company acquired Lubuskie Zaklady Aparatw Elektrycznych Lumel Splka akcyjna in Fiscal 2012. Lumel supplied aluminium die casting to the automotive industry. In 2016 it entered into an intellectual property agreement with an Italy based company wherein it assigned intellectual property rights in respect of APV centralised inverters APV cabinets APVS string inverters and string boxes.In 2020 Lumel SA built a manufacturing facility for electronics manufacturing and further acquired a division of product from Relpol S.A.In 2021 the Company received MSIPs approval from the Government of India.The Company has filed Draft Prospectus and is planning to raise capital from Public by raising Rs.75 crores through Fresh Issue and 9417500 Equity Shares through Offer For Sale..

Share Price: ₹374.65 per share as on 06 Sep, 2024 04:01 PM
Market Capitalisation: ₹1,446.97Cr as of today
Revenue: ₹169.35Cr as on June 2024 (Q2 24)
Net Profit: ₹3.21Cr as on June 2024 (Q2 24)
Listing date: 11 Sep, 2023
Chairperson Name: Narendra Joharimal Goliya