NSE: RIR · BSE: 517035 · ISIN INE302D01024
RIR Power Electronics Limited stock analysis
RIR Power Electronics Limited ranks #4324 in the TickerSutra evidence-ranked universe with a score of 34/100 and 87% data confidence. The latest captured fundamentals show ROCE of 7.9%, quarterly sales growth of -9.5% and quarterly profit growth of -42.8%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.1×
- 16.6% three-year sales CAGR
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
- Operating margin has compressed materially
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2021 | ₹30.1cr | ₹2.9cr | ₹1.3cr | 9.5% |
| 2022 | ₹42.3cr | ₹4.9cr | ₹2.8cr | 11.5% |
| 2023 | ₹57.3cr | ₹8.1cr | ₹6cr | 14.1% |
| 2024 | ₹66.8cr | ₹9.9cr | ₹7cr | 14.8% |
| 2025 | ₹86.2cr | ₹11.2cr | ₹7.6cr | 13.0% |
| 2026 | ₹90.9cr | ₹10.2cr | ₹7.9cr | 11.2% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
MANAGEMENT COMMENTARY
Signals from filed documents
Our EBITDA margins have improved quite a lot in Q1. So, just wanted to understand the drivers behind this margin improvement and if the current margin is sustainable or was there some one-off in the driver of improvement. Ramesh Kumar: When compared to the 4th quarter where this disturbance in West Asia started of last year quarter 4.
RIR Power Electronics Limited August 13, 2026 Page 8 of 13 Nishita: Okay, understood. And I had a follow up question on the price increase. So, you mentioned that in Q1 we were able to take some price increase.
Ramesh Kumar: Ankit, you want to add? So, we have received the in-principle approval from the bank. And they were scheduled to have the final sanction committee meeting this week.
I am joining the call and I am new to the company. So, wanted to understand more on the CAPEX plan for the Orissa plant. What is the total CAPEX that we are going to spend on the plant in phase 1 and phase 2 combined?
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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