Rishabh Instruments Limited (RISHABH) Fair Value & Analysis
Technology · IN · Market cap ₹25.1B
Fair value as of: Aug 16, 2026
From 25 valuation models · updated 2 days ago
Fair value updated Aug 16, 2026, revised from ₹259.18 to ₹340.80 (+31.5%) since Aug 8, 2026. Share price +6.2% over the past month.
A solid business, but screening 51% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹571.35). The favourable scenario is already priced in.
- The model range is unusually wide (₹179.30 to ₹571.35). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 16, 2026.
How to read this chart
35‑month range ₹202.56 – ₹694.60 · fair‑value band ₹179.30 – ₹571.35 · the ₹694.60 price screens above the ₹340.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 16, 2026.
Analysis
Rishabh Instruments Limited (RISHABH) currently trades at ₹694.60, while our model-based Fair Value estimate is ₹340.80, implying the stock looks roughly 50.9% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Rishabh Instruments Limited generated revenue of ₹7.8B at a net margin of 10.5%. Revenue grew 9.3% year over year. It earns a return on equity of 12.1%. The balance sheet holds a net cash position of ₹1.2B. Fundamentals as of Aug 16, 2026
Our scenario range runs from ₹179.30 (bear case) to ₹571.35 (bull case); at ₹694.60, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 155% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -46% fair-value upside, at -51%, RISHABH screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 25 models by family
Widest divergence: Growth Earnings (₹446.22) versus Dividend Discount (₹1.16). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 80
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Rishabh Instruments Limited engages in the design, development, and manufacturing of global energy efficiency solutions in electrical automation, measurement, and industrial technology in Asia, the United States, Poland, other European countries, and internationally.
Full company description
Rishabh Instruments Limited engages in the design, development, and manufacturing of global energy efficiency solutions in electrical automation, measurement, and industrial technology in Asia, the United States, Poland, other European countries, and internationally. The company offers electrical automation devices, including energy management & SCADA software, transducers, humidity recorders, I/O modules and converters, isolators, and temperature controllers; metering, control, and protection devices, such as analog panel meters, rotary CAM switches, multi-load monitoring meters, power quality meters, current transformers, power quality analyzers, battery chargers, synchronising units, power supply, shunts, power factor controller, digital panel, meters, LV protection relays, multi-function meters, and medium voltage protection relays; portable test & measurement instruments, includes digital multi-meters, digital earth testers, digital clamp meters, digital insulation testers, and submarine cable fault locator; and environmental instruments, such as thickness meter, digital lux meter, non-contact tachometer, db meter, temperature & rh meter, moisture meter, ir meter, and anemometer. It also offers solar string inverters and aluminum die casting. The company serves data centers, pharmaceuticals, fast-moving consumer goods, railways, utilities, petrochemical, and automotive industries. The company was formerly known as Rishabh Instruments Private Limited and changed its name to Rishabh Instruments Limited in September 2022. Rishabh Instruments Limited was incorporated in 1982 and is headquartered in Nashik, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Rishabh Instruments Limited reported revenue of ₹7.8B in FY2026 versus ₹4.7B in FY2022, a compound +13.5%/yr. Reported net income was ₹815M in FY2026, compounding +14.7%/yr from FY2022.
RISHABH screens 51% overvalued. Compare with Keysight Technologies, Inc →
Peer Group
Scientific & Technical Instruments · 167 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Aug 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Keysight Technologies, Inc KEYS | $354.50 | $107.22 | -70% |
| Garmin Ltd GRMN | $309.98 | $139.44 | -55% |
| Teledyne Technologies Incorporated TDY | $686.49 | $488.95 | -29% |
| Chroma ATE Inc 2360 | 2,195 TWD | 322.57 TWD | -85% |
| Hexagon AB HEXAB | kr 95.06 | kr 73.99 | -22% |
| MKS Inc MKSI | $294.38 | $76.00 | -74% |
| AVIC Chengdu Aircraft Company 302132 | ¥57.89 | ¥34.47 | -40% |
| Fortive Corporation FTV | $61.54 | $33.48 | -46% |
| Trimble Inc TRMB | $57.98 | $34.12 | -41% |
| Cognex Corporation CGNX | $60.67 | $19.25 | -68% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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