RIR Power Electronics Ltd shares surged 4.85% to ₹165.15 from the previous close of ₹157.50 on Thursday, marking strong market debut performance on the National Stock Exchange. The Halol, Gujarat-based semiconductor manufacturer carries a current market capitalisation of approximately ₹1,257 crore and began trading on NSE alongside its existing presence on BSE where it has traded since 1986. The NSE listing is expected to improve stock liquidity, broaden price discovery, and widen access for both institutional and retail investors.
The company produces high-power semiconductor devices used in railways, defence, electric vehicles and power generation sectors. As reported by The Hindu BusinessLine, RIR Power Electronics was founded in 1969 and currently operates one manufacturing plant in Halol, Gujarat, and is establishing a second facility in Bhubaneswar, Odisha. The company frames the NSE listing as part of a broader strategy to scale technological capabilities and compete globally within India's semiconductor and power electronics ecosystem.
According to latest financial data, the company reported total income of ₹25.01 crore for the year ending March 2026, representing a -40.68% decline from the previous year. However, the company showed strong recovery with EBIT of ₹2.79 crore and profit after tax of ₹1.39 crore, indicating improved operational efficiency. The company's basic EPS stands at ₹0.17 for the current financial year, while maintaining a PE ratio of 158.56 and PB ratio of 9.01. Within the Electric/Electronics sector, RIR Power Electronics holds a market cap rank of 21.
Non-Executive Chairman Harshad Mehta stated that the listing would provide greater visibility in capital markets and strengthen investor confidence. According to The Hindu BusinessLine, Managing Director and CEO N Ramesh Kumar said the move would help attract diverse investors and channel resources into innovation and expansion. The company's announcement emphasizes that the NSE listing will enhance market access and investor confidence in semiconductor manufacturing, with the recent trading performance reflecting positive market reception of the dual-listing strategy.
