RIR

RIR POWER ELECTRONICS share price & financials

Price
₹157.76
Market cap
₹1.4k Cr
Sector
Capital Goods
Calls analysed
1
Latest concall · Q1 FY27 · call held 13 Aug 2026

RIR POWER ELECTRONICS LIMITED Q1 FY27

Revenue ₹27.16 cr +29%EBITDA ₹3.98 cr EBITDA Margin 14.65% EPS ₹0.39

What went well

  • Revenue increased by 29.3% year-on-year to ₹27.16 crores, demonstrating strong top-line growth.
  • EBITDA for the quarter was ₹3.98 crores, translating to a healthy EBITDA margin of 14.65%, reflecting improved operating performance.
  • The Odisha manufacturing facility is progressing well, with power infrastructure complete and machinery installation nearing completion, targeting epitaxy operations by end of Q2 FY27.

What to watch

  • Sustainability of improved EBITDA margins is dependent on geopolitical issues and raw material price stability, which are not entirely within the company's control.
  • The bank loan facility for the remaining Phase 1 CAPEX is still awaiting final sanction, though in-principle approval has been received.
Read the full call →

Guidance record · Q1 FY27

what the last two calls moved 8 tracked 0 delivered 0 missed 8 open
  • Topline Growth (Company) open said Q1 FY27 Promised: at least 3 to 4 times Q1 FY27: But at least this year we are targeting to grow at least 3 to 4 times than what we have done in last year in the top line growth as well as even more in the bottom-line growth.

All 8 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 29.3%, net profit up 80.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue19 20 26 21 26 +36%20 +2%24 −9%27 +29%
EBITDA2 2 3 3 4 +78%1 −59%2 −39%4 +38%
Net profit2 1 3 2 3 +106%0 −68%1 −45%3 +80%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −41.7% 1Y

₹150₹200₹250₹300₹350Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q1 FY27 — 13 Aug 2026

1Y: ₹304.25 on 10 Sept 2025 → ₹177.26. High ₹373.95 (25 Sept 2025), low ₹132.2 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−5.7%
13 Aug

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 16.7% a year over 2 years, FY24 to FY26. Operating margin narrowed to 11.2%.

Year endingFY24FY25FY26
Revenue₹67 Cr₹86 Cr₹91 Cr
Operating profit₹10 Cr₹11 Cr₹10 Cr
Operating margin14.9%13.2%11.2%
Interest₹1 Cr₹1 Cr₹1 Cr
Depreciation₹1 Cr₹1 Cr₹1 Cr
Net profit₹8 Cr₹8 Cr₹7 Cr
Net margin11.9%9.6%7.4%
Cash from operations₹2 Cr₹4 Cr₹-30 Cr
Free cash flow₹0 Cr₹-74 Cr₹-58 Cr
ROCE19.5%12.0%8.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹7 Cr₹7 Cr₹7 Cr₹7 Cr₹16 Cr₹16 Cr
Reserves₹15 Cr₹19 Cr₹27 Cr₹58 Cr₹124 Cr₹125 Cr
Borrowings₹3 Cr₹7 Cr₹10 Cr₹12 Cr₹14 Cr₹14 Cr
Other liabilities₹8 Cr₹9 Cr₹9 Cr₹11 Cr₹57 Cr₹63 Cr
Total liabilities₹34 Cr₹42 Cr₹53 Cr₹88 Cr₹211 Cr₹218 Cr
Fixed assets₹6 Cr₹8 Cr₹6 Cr₹7 Cr₹56 Cr₹64 Cr
Capital work in progress₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹39 Cr₹47 Cr
Investments₹0 Cr₹2 Cr₹2 Cr₹2 Cr₹0 Cr₹0 Cr
Other assets₹27 Cr₹32 Cr₹44 Cr₹78 Cr₹116 Cr₹107 Cr
Total assets₹34 Cr₹42 Cr₹53 Cr₹88 Cr₹211 Cr₹218 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jul 2026

Since Jun 2025, the public added +3.32 pp while promoters trimmed −2.89 pp. The shareholder count grew 90% to 53,212.

Promoters
58.6%
FIIs
8.2%
DIIs
0.0%
Public
33.2%

Since Jun 2025

  • Public +3.32 pp
  • Promoters −2.89 pp
  • FIIs −0.42 pp

How it drifted, 12 quarters

Over this window promoters fell from 70.5% to 58.6% — −11.9 pp.

Dec '23Mar '25Jul '26

Ownership split by quarter, oldest first. Dec '23: Promoters 70.5%, DIIs 0.0%, Public 29.5%.Mar '24: Promoters 69.7%, DIIs 0.0%, Public 30.3%.Jun '24: Promoters 69.0%, FIIs 0.0%, DIIs 0.0%, Public 31.0%.Sep '24: Promoters 64.5%, FIIs 5.5%, DIIs 0.0%, Public 30.0%.Dec '24: Promoters 61.9%, FIIs 9.3%, DIIs 0.0%, Public 28.8%.Mar '25: Promoters 61.7%, FIIs 9.6%, DIIs 0.0%, Public 28.7%.Jun '25: Promoters 61.5%, FIIs 8.6%, DIIs 0.0%, Public 29.9%.Sep '25: Promoters 59.3%, FIIs 9.5%, DIIs 0.0%, Public 31.2%.Dec '25: Promoters 58.7%, FIIs 9.9%, DIIs 0.0%, Public 31.3%.Mar '26: Promoters 58.6%, FIIs 9.8%, DIIs 0.0%, Public 31.5%.Jun '26: Promoters 58.6%, FIIs 8.5%, DIIs 0.0%, Public 32.9%.Jul '26: Promoters 58.6%, FIIs 8.2%, DIIs 0.0%, Public 33.2%.

Who was buying across the market this quarter →

Who bought this quarter

since Jun 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jul 2026 filing

Every holder of RIR POWER ELECTRONICS LIMITED above SEBI's 1% disclosure line, and what changed since Jun 2026.

HolderStakeChange
Bhavna Harshad Mehta 56.25%unchanged
Multitude Growth Funds Limited FPI fund5.82%−0.30 pp
Rir Power Electronics Limited Unclaimed Bonus Suspense Escrow Account 2.59%unchanged
Unclaimed or Suspense or Escrow Account 2.59%newly disclosed
Eminence Global Fund Pcc- Eubilia Capital Partners Fund I FPI fund1.81%unchanged
Jitendra U Mehta 1.27%unchanged
Param Utpal Mehta 1.10%unchanged
Ila J Mehta 1.05%unchanged
Naina Bakulesh Shah 0.03%unchanged
NBFCs registered with RBI NBFC / DFI0.00%newly disclosed

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Growth trap

To justify its price of ₹177, this stock must grow earnings at 62% every year for 7 years. Our analysis caps realistic growth at ~-8%. At that growth it is worth ₹6 — downside of 97%.

Growth the price implies
62.0% a year
for 7 years, fading to 4%
It has actually compounded at
-8.1% a year
net profit, FY24–FY26
The gap
0.7 pp
-97% downside if it only repeats history
Price today ₹177.26 Value at the reference growth ₹5.61

Change the assumptions yourself →

Learn to analyse RIR POWER ELECTRONICS LIMITED

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