| 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
- ₹151.85
- Market cap
- ₹139.6 Cr
- Revenue (annual)
- ₹161.0 Cr
- Net profit (annual)
- ₹3.67 Cr
- P/E (TTM)
- 58.2×Sector 53.6×
- Promoter holding
- 16.12%-0.04% 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 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.
Rishi Laser Investor Presentation: Key Takeaways
Rishi Laser reports Q1 FY27 revenue of ₹42.26 Cr (up 2.99% YoY) but PAT fell to ₹0.50 Cr due to Malur plant ramp-up costs and higher employee expenses.
- Call
- Guides 20% growth
Rishi Laser Q1 FY27 Results: Turns Profitable, Net Profit ₹0.5 Cr
Rishi Laser Ltd reported revenue from operations of ₹42.3 Cr (+3.7% YoY) and net profit of ₹0.5 Cr for Q1 FY27.
- Key figure
- Net profit ₹0.5 Cr
Rishi Laser Earnings Call: Key Takeaways
Rishi Laser delivered FY26 revenue of ₹162.35cr, a 7.2% YoY growth. Focus is on scaling the new high-tech Malur facility to serve construction and export markets.
Rishi Laser Q4 FY26 Results: Net Loss of ₹0.3 Cr
Rishi Laser Ltd reported revenue from operations of ₹40.8 Cr (+7.9% YoY) and a net loss of ₹0.3 Cr for Q4 FY26.
- Key figure
- Net loss ₹0.3 Cr