Rishabh Instruments Limited IPO IPO Review

Rishabh Instruments Ltd. (RIL) is a global energy efficiency solutions company specializing in electrical automation, metering, and precision engineered products. Its diverse applications span industries like power, automotive, and industrial sectors. RIL supplies a wide range of electrical measurement and process optimization equipment under its own brand. Financially, it has shown turnover/net profit of Rs. 402.49 cr. / Rs. 35.94 cr. (FY21), Rs. 479.92 cr. / Rs. 49.65 cr. (FY22), and Rs. 597.78 cr. / Rs. 49.69 cr. (FY23). Although FY23 saw top-line growth, the bottom line remained static. The company hasn't declared equity dividends. With 66% export revenue, RIL offers global solutions. Based on FY23 earnings, the issue seems fully priced, suitable for informed investors eyeing medium to long-term prospects.