Is Rishabh Instruments the Best Stock in Its Sector? A Look at the Numbers
- October 7, 2026
- Posted by: Neeraj Pandey
- Category: Market
Rishabh Instruments CMP Rs 688 (6 Oct 2026 close). Market cap Rs 2,666 Cr. ROE 10.94%. P/E 32.51x versus Industry P/E 46.00x.
Quick Answer
Rishabh Instruments is one of the names investors compare when screening the Electricals sector, built on a 10.94% return on equity and a P/E of 32.51x against an Industry P/E of 46.00x. Whether Rishabh Instruments is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Electricals sector peers, so you can judge that for yourself.
Is Rishabh Instruments the best stock in its sector? The stock trades on the NSE at Rs 688 as of 07 October 2026, within its 52-week range of Rs 315.00 to Rs 852.00. Rishabh Instruments Ltd, based in Nashik, makes electrical test and measurement instruments such as multimeters and panel meters, and also has power quality and electric vehicle businesses.
Rishabh Instruments sits in the Electricals sector, and its 10.94% ROE and 32.51x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.
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About Rishabh Instruments
Rishabh Instruments Ltd, based in Nashik, makes electrical test and measurement instruments such as multimeters and panel meters, and also has power quality and electric vehicle businesses. Prices are the 6 Oct 2026 close, as the market had not yet opened when this data was taken. The stock is trading about 19 percent below its 52-week high after more than doubling from its 52-week low. At a market capitalisation of Rs 2,666 Cr, it is tracked as part of the Electricals sector on Univest.
Is Rishabh Instruments the Best Stock in Its Sector?
Rishabh Instruments makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 10.94% ROE with a 32.51x P/E against the sector’s 46.00x Industry P/E. Rishabh Instruments’ 32.51x P/E is below the 46.00x Industry P/E with a 10.94% ROE, though its multiple is above Prostarm Info Systems and Mangal Electrical Industries in this comparison and the stock has more than doubled from its 52-week low.
| Metric | Rishabh Instruments |
|---|---|
| CMP (NSE) | Rs 688.40 |
| 52-Week High / Low | Rs 852.00 / Rs 315.00 |
| Market Cap | Rs 2,666 Cr |
| P/E (TTM) vs Industry P/E | 32.51x vs 46.00x |
| P/B | 3.58 |
| ROE | 10.94% |
| EPS (TTM) | Rs 21.19 |
| Dividend Yield | 0.29% |
| Debt to Equity | 0.11 |
Compare Rishabh Instruments Against Other Electricals Sector Stocks
How Rishabh Instruments Compares Against Its Electricals Sector Peers
The table below sets Rishabh Instruments against 2 other Electricals sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Rishabh Instruments | 2,666 | 32.51 | 10.94% | 0.11 |
| Prostarm Info Systems | 777 | 21.78 | 11.51% | 0.32 |
| Mangal Electrical Industries | 732 | 15.59 | 7.31% | 0.08 |
| Peer average (2 companies) | – | 18.69 | 9.41% | 0.20 |
Against this peer set, Rishabh Instruments’s 10.94% ROE is above the 9.41% peer average, and its P/E of 32.51x runs above the peer average of 18.69x. Rishabh Instruments’ 32.51x P/E is below the 46.00x Industry P/E with a 10.94% ROE, though its multiple is above Prostarm Info Systems and Mangal Electrical Industries in this comparison and the stock has more than doubled from its 52-week low.
What Makes Rishabh Instruments Worth Watching in Electricals
- Below Industry P/E: A 32.51x P/E against a 46.00x Industry P/E is a discount for a business with a 10.94% ROE.
- Near debt free: A debt to equity ratio of 0.11 gives Rishabh Instruments significant balance sheet flexibility.
- Test and measurement leadership: Making multimeters, panel meters and other electrical test instruments gives Rishabh Instruments a recognised brand, with power quality and electric vehicle businesses adding diversification.
Rishabh Instruments Valuation: Is It Justified?
Rishabh Instruments’ 32.51x P/E is below the 46.00x Industry P/E with a 10.94% ROE, though its multiple is above Prostarm Info Systems and Mangal Electrical Industries in this comparison and the stock has more than doubled from its 52-week low. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.
Also read – Is Refex Industries the Best Stock in Its Sector? A Look at the Numbers
Download the Univest iOS App or Univest Android App to track Rishabh Instruments and other Electricals sector stocks.
How to Track Rishabh Instruments Before You Invest
Before deciding whether Rishabh Instruments deserves its label as the best stock in its sector for your own portfolio, compare it directly against Electricals sector peers using the steps below.
- Open the Univest Screener and search for Rishabh Instruments to view live price, valuation ratios, and peer comparisons within the Electricals sector.
- Compare its P/E, P/B, and ROE against other Electricals sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Rishabh Instruments earns a place in the best stock in its sector conversation on the strength of a 10.94% ROE and a P/E of 32.51x against a 46.00x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Is Rishabh Instruments the best stock in its sector?
Ans. Rishabh Instruments has a 10.94% ROE and trades at 32.51x P/E against a 46.00x Industry P/E, and compares above the peer average ROE of 9.41% in this article’s named comparison, so the answer depends on what an investor is prioritising.
What is the current share price of Rishabh Instruments?
Ans. Rishabh Instruments was trading at Rs 688.40 on the NSE as of 07 October 2026, within its 52-week range of Rs 315.00 to Rs 852.00.
What sector does Rishabh Instruments belong to?
Ans. Rishabh Instruments is classified under the Electricals sector on Univest.
How does Rishabh Instruments compare to its sector peers on P/E?
Ans. Rishabh Instruments’s P/E of 32.51x is above the 18.69x average of the 2 named peers compared in this article.
What is Rishabh Instruments’s return on equity?
Ans. Rishabh Instruments reported a return on equity of 10.94%, which is above the 9.41% average of its named peers in this comparison.
Should I invest in Rishabh Instruments based on its sector position?
Ans. Rishabh Instruments’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.
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