ALFA Finder| Revenue growth | FY26 growth was 7% (₹160cr); missed internal aggressive targets. |
|---|---|
| Margins | EBITDA margin guidance 9-11% band for FY27; gross margins stable at ~49%. |
| Demand visibility | Strong traction with construction equipment segment (53% of revenue) and Caterpillar. |
| Management confidence | Candid admission of execution failure; confident in Malur plant's current readiness. |
Growth
FY26 Revenue ₹160cr (+7% YoY); PAT ₹3.67cr (-55% YoY); EBITDA margin compressed from 9.1% to 8.7%.
Outlook
Malur plant target ₹60cr revenue for FY27 and ₹100cr by FY29. Guidance of 20% total revenue CAGR through FY29.
Risks
Execution failures in machinery commissioning; human capital skill gaps; rising Karnataka minimum wages; geopolitical and raw material volatility.
Last quarter's promises, checked
Delivered
- Guided 10% growth for FY26 → delivered 7% (= PARTIAL)
- Guided Q4 FY26 paint shop operational → delivered June '26 (= BEAT)
- Guided 49% gross margins → delivered 49% (= BEAT)
Partly delivered
- Guided ₹100cr Malur potential → delivered ₹60cr FY27 target (= PARTIAL)
Missed
- Guided margin recovery in Q4 FY26 → delivered 55% PAT drop (= MISS)
- Guided Bangalore break-even at ₹5cr/month → delivered missed targets (= MISS)
Earnings Call filed with BSE, NSE: RISHILASE. Summary written with AI assistance from the document.
Rishi Laser Ltd: key numbers
- Share price
- ₹146.05
- Market cap
- ₹134.3 Cr
- Revenue (annual)
- ₹161.0 Cr
- Net profit (annual)
- ₹3.67 Cr
- P/E (TTM)
- 93.9×Sector 51.9×
- Promoter holding
- 16.12%+0.00% QoQ
- FII holding
- 0.00%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Rishi Laser Ltd
All →Rishi Laser Results Update
Rishi Laser's Q2 FY27 revenue rose 26.58% to ₹54.23 crore, but EBITDA and PAT fell year-on-year. Higher employee and outsourcing costs compressed margins during the Malur ramp-up.
Rishi Laser Q2 FY27 Results: Net Profit ₹1.1 Cr, Down 47.6% YoY
Rishi Laser Ltd announced its board approved unaudited financial results for the quarter and half year ended 30 September 2026, with Limited Review Report enclosed. Revenue from operations for the half year was Rs 9,648.47 lakhs.
- Key figure
- Net profit ₹1.1 Cr · -47.6% YoY
Rishi Laser Board Meeting Date
RISHI LASER LIMITED intimated a Board and Audit Committee meeting on 07 Nov 2026 to consider unaudited standalone half-yearly results for September 2026. Trading window closes from 01 Oct to 10 Nov 2026.
Rishi Laser Capital Structure Change
Manoj Dua bought 10,000 Rishi Laser shares on BSE, lifting his and Camel Foods' combined holding to 5.00%. The acquirer is a non-promoter, so this is a listed-equity stake disclosure.
Rishi Laser Other Announcement
Rishi Laser Ltd has filed its quarterly shareholding pattern report for the quarter ended September 30, 2026. This is a standard periodic regulatory compliance filing.
Rishi Laser Annual General Meeting
Rishi Laser Limited conducted its 34th Annual General Meeting on September 25, 2026. Shareholders approved audited financial statements and the re-appointment of Director Mr. Mahesh Solanki.