Rishabh Instruments,based in Nashik, is eyeing big growth with demand rising from AI data centers and renewable energy projects . The firm plans to double sales in three to four years,banking on booming need for energy efficiency solutions across markets.
Dineshkumar Musalekar,Rishabh's Managing Director, said the company's electrical and electronic instrumentation (EEI) is thriving in major markets like India, US,Europe, and UK. Demand's hot for low- and medium-voltage products,especially in AI data centers,across places like US, India,Ireland, and Middle East.
More investments in global power networks are boosting the company. Musalekar noted rising energy costs push utilities and industries to focus on efficiency, even as military spending climbs in some areas.
By 11:30 AM on the National Stock Exchange, Rishabh's stock traded at ₹652.55,showing huge 118% gain over the past year. Investors clearly like company's growth path.
To meet upcoming demand, Rishabh's ramping up its Nashik facilities. Two new multi-storey buildings are going up,boosting production of low-voltage transformers from 6,000 to 10,000 units daily. Medium-voltage transformer capacity is rising too.
Expansion's fueled by a strong demand pipeline from US, Europe, and India . Musalekar stressed business model's advantage: a short order cycle, turning most orders to revenue in one-two months, unlike long order books.
Rishabh's also focusing on product development. A five-year product roadmap is set,aiming to launch about 12 new products yearly through its seven global R&D centers. This push in innovation should strengthen their market hold.
Meanwhile, Rishabh's restructuring its aluminum high-pressure die-casting business, which dropped from 40% to 25% in revenue share. After quitting loss-making operations, this segment's gone from negative EBITDA to nearly break-even. Management expects more improvement ahead.
Rishabh's market cap is ₹2,526.49 crore,showing its growing clout in energy efficiency. As it adapts and invests in growth, its prospects look bright...
