Rishabh Instruments Limited, established in 1982, is a leading engineering company specializing in the design, development, and manufacturing of global energy efficiency solutions. The company is recognized as a global leader in manufacturing and supplying analog panel meters and low voltage current transformers, with 99% of its manufacturing processes conducted in-house.
New Products:
- Added around 17 new products in FY24.
- Has 20 products in the pipeline to be added by FY25.
- New products introduced in the last two years have contributed to about 10% incremental growth to the topline.
Solar Inverters:
- Positive traction noted in the solar inverters business.
- Significant progress with the introduction of second-generation R-Neo inverters.
This indicates that Rishabh Instruments Limited is actively innovating and expanding its product line, contributing to its growth and positioning in the market, particularly in the energy efficiency solutions and solar inverter sectors.
Segment-wise Leadership
Rishabh Instruments Limited demonstrates a strong and diversified market presence with numerous leadership positions across various product lines and regions.
Product Range and Reach:
- 145+ Product Lines.
- Serves over 100 Countries.
Acquisitions and Modifications:
- Two successful acquisitions in Europe and China.
- Two modification centers located in the US and UK.
Market Leadership:
- India:
- 1st player in Electrical Transducers.
- 3rd player in Digital Panel Meters.
- Top player in Split Core Current Transformers.
- 2nd player in Portable Test and Measuring Instruments (Multimeter and Clamp Meter).
- First company to Design, Develop, and Manufacture Solar String Inverters end to end.
- Global:
- Leader in manufacturing and supply of Analog Panel Meters.
- Leader in manufacturing and supply of Low Voltage Current Transformers.
- Europe:
- Leading player in Non-Ferrous Pressure Castings.
- Melts 20 tons of aluminum and produces 35,000 castings per day.
Expansion and Upgrades
Rishabh Instruments Limited is undergoing significant expansions and upgrades, focusing on enhancing its manufacturing capabilities and improving product quality.
Key Developments:
Nashik Manufacturing Facility Expansion:
- Received approval from MIDC for the expansion.
- Construction of a new 6-story building has commenced, expected to be operational in approximately 18 months.
- New Installations:
- State-of-the-art SMT line with online AOI and X-ray in a clean room to boost capacity and quality of digital products and EMS business.
- Capacity for CT, APM, shunts, cam switches, tool room, and plastic injection will be doubled.
- Existing space for these products will be repurposed to double the capacity for digital products.
Lumel SA:
- Capex contracts for a new SMT line are in place and will be installed within FY25, increasing capacities by 50%.
Lumel Alucast:
- Installation of a 1.3MW solar system in the production plant to reduce energy bills, expected to be completed in FY25.
Innovations:
- Achieved 3 Design Registrations.
- Secured 2 Global Patents.
Disclaimer-
It’s important to note that discussions like are for informational purposes only and should not be taken as specific We are not SEBI registered investment advisor. Whether analyzing a company’s financial health, examining market trends, or discussing technical chart patterns, the goal is to provide insights and perspectives that can help you make more informed decisions according to your own research and investment strategy. Always consider consulting with a financial advisor or conducting thorough personal research before making any investment decisions.
