Rishabh Instruments filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with the National Stock Exchange of India and BSE Limited. The filing, submitted by Company Secretary Ajinkya Joglekar, details the company's adherence to the National Guidelines on Responsible Business Conduct (NGRBC) and its performance across environmental, social, and governance parameters. The company reported a net worth of ₹4596.35 million and a paid-up capital of ₹385.52 million for the reporting period.

The company reported a total workforce of 731 individuals, comprising 442 employees and 289 workers. Women accounted for 11.99% of the total employee strength and 53.98% of the total workforce. The report highlighted that 51% of the company's total turnover originated from exports, serving markets in six states within India.

Business Operations and Financials

Rishabh Instruments operates in the manufacturing sector, primarily producing electrical automation devices, metering and control instruments, and portable test equipment. These activities contributed 100% to the entity's turnover. The company recorded a paid-up capital of ₹385.52 million and a net worth of ₹4596.35 million for the reporting period.

The company manages eight subsidiaries, including Energysolution Labs Private Limited, Dhruv Enterprises Limited, and Sifam Tinsley Instrumentation Inc., among others. The reporting was conducted on a standalone basis.

Environmental and Social Governance

The company confirmed compliance with Extended Producer Responsibility (EPR) regulations for both plastic and e-waste management. It has implemented a Zero Liquid Discharge (ZLD) mechanism, recycling treated wastewater for non-potable applications. To enhance energy efficiency, Rishabh Instruments installed a Shop Electrical Shutdown Monitoring System to prevent unnecessary electricity consumption.

Workforce and Stakeholder Engagement

The Board of Directors comprises seven members, with female representation at 14.29%. The company conducted various training programs covering governance frameworks, sexual harassment prevention, and technical skills. No fines, penalties, or legal actions were reported against the entity or its directors during the financial year.

Workforce Statistics

The company has established grievance redressal mechanisms for employees, workers, and communities. It also reported that 100% of its plants and offices were assessed for health and safety practices, working conditions, and human rights compliance.

Rishabh Instruments Limited reported a significant improvement in profitability for the financial year ended March 31, 2026, driven by stronger execution and operating leverage. Consolidated revenue from operations grew 7.6% to ₹7,751 million, while profit after tax more than doubled, surging 292% to ₹823 million.

The company’s adjusted EBITDA rose 161.1% to ₹1,363 million, reflecting a substantial expansion in operating efficiency. Consequently, the adjusted EBITDA margin improved to 17.6%, and the profit after tax margin reached 10.6% for the year.

Financial Performance

The company’s financial performance highlights for FY 2025-26 show robust growth in key metrics compared to the previous year. The following table summarizes the consolidated financial results:

The Electrical and Electronic Instruments (EEI) segment remained the primary growth driver, with revenue increasing by 17.5% to ₹5,369 million. Adjusted EBITDA for this segment grew 68.5% to ₹1,330 million, with the margin improving by 750 basis points to 24.8%.

Meanwhile, the High-Pressure Die Casting (HPDC) segment focused on portfolio optimization and cost discipline. While revenue for this segment moderated to ₹2,383 million from ₹2,636 million, it successfully turned profitable. Adjusted EBITDA improved to ₹33 million from a loss of ₹150 million in the previous year, resulting in a margin of 1.4% compared to a negative 5.7% in FY25.

Operational Highlights

nThe company’s strategy focused on disciplined execution and capability building. Key operational milestones included securing a large-scale monitoring and control system project for a major data center operated by a Fortune India 500 company. Additionally, Lumel SA secured a EUR 5 million contract in the German energy sector, strengthening its presence in energy and power infrastructure applications.

The company maintained a disciplined balance sheet with improved return ratios and lower leverage. The net cash flow from operating activities was strong at ₹1,085 million, providing the financial flexibility to invest in future capacity and capability building.