Rishabh Instruments shares hit a new all-time high of ₹729.9 during Thursday's trading session, marking a significant milestone for the company. The stock's surge comes as promoters continue exploring a partial stake sale at a company valuation exceeding ₹3,000 crore, with talks reportedly progressing with multiple potential buyers including a German company. The promoters currently hold around 69.4% stake and intend to retain control after the transaction, representing a significant divestment opportunity in the energy measurement and power quality solutions sector.
Rishabh Instruments delivered strong Q1FY27 results with consolidated revenue rising 4.2% year-on-year to ₹1,983 crore, up from ₹1,903 crore in Q1FY26. The company's EBITDA increased 17.3% to ₹333 crore with EBITDA margin expanding by 190 basis points to 16.8% from 14.9% in the corresponding period of the previous fiscal year. However, consolidated net profit declined marginally by 1.4% to ₹194 crore from ₹196 crore in Q1FY26, primarily attributed to higher depreciation charges of ₹95 crore compared to ₹75 crore in the prior year quarter. The divergence between operating profits and net profit highlights the impact of non-cash and tax items on bottom-line results.
The Electrical & Energy Infrastructure (EEI) segment emerged as the primary growth engine, delivering robust revenue growth of 34.0% year-on-year to ₹1,540 crore, contributing 77.7% of total consolidated revenue in Q1FY27, up from 39.6% in Q1FY26. The segment maintained healthy EBITDA margins of approximately 24% with adjusted EBITDA margins reaching 24.8%. Management noted that this growth exceeded initial guidelines of 20-25% and is sustainable across multiple geographies and product lines. In contrast, the High-Pressure Die Casting (HPDC) business at Lumel Alucast faced headwinds, with revenue falling 41.2% to ₹443 crore from ₹754 crore in Q1FY26, though the company remained breakeven at the operating level after exiting lower-margin contracts.
Management outlined ambitious targets for FY27, including reaching ₹100 crore in US revenue within 2-3 years through organic expansion and potential inorganic acquisitions. The company is accelerating global diversification across the US, Africa, and Southeast Asia while strengthening its presence in India and Europe. Strategic priorities include profitable growth, better product mix, new product development in energy meters and solar inverters, and disciplined capital allocation. The company remains net debt-free with net cash and cash equivalents of ₹1,606 crore as on June 30, 2026. Management highlighted a structurally attractive industry outlook driven by investments in electrification, grid modernization, renewable energy, and industrial automation, with the rapid expansion of AI and data centres creating new opportunities for energy measurement and power quality solutions.
Rishabh Instruments shares opened at ₹704.00 on Thursday, up from the previous close of ₹695.00, according to latest trading data. The stock reached a high of ₹729.85 and a low of ₹672.75 during the trading session, with an average traded price of ₹703.58. The market reaction reflects continued investor interest following strong Q1FY27 results and the company's strategic expansion plans. A controlling stake sale would mark a dramatic strategic transition, potentially leading to complete management takeover while injecting global technical expertise and opening wider export channels for the company's energy monitoring products. The stock's new all-time high of ₹729.9 demonstrates strong market confidence in the company's growth trajectory and strategic positioning in the energy infrastructure sector.
