Rishabh Instruments Share Price Target 2027: Rs 769 Base, Rs 921 Bull and the Risks to Watch
- November 5, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Rishabh Instruments share price Rs 654.05 (5 November 2026). Base target Rs 769, bull Rs 921, downside risk Rs 513. PE 30.34. 52W range Rs 315.00 to Rs 852.00.
Quick Answer
The Rishabh Instruments share price target for 2027 is Rs 769, about 17.6% above the current price of Rs 654.05. The bull case is Rs 921, and the downside risk level, which is not a target, is Rs 513. The base case assumes earnings per share grow 20.0% a year, a cap applied because the FY24 to FY26 pace was 40.9%, with the stock holding its PE of 30.34. These are model-based estimates built from reported financials, not guaranteed outcomes.
Investors weighing a Rishabh Instruments target price for 2027 should start with where the stock sits today. At Rs 654.05 on 5 November 2026, it is 23.2% below its 52-week high of Rs 852.00 and 107.6% above its 52-week low of Rs 315.00. That range spans 170% from low to high, so the entry point matters as much as the Rishabh Instruments price forecast itself.
This article builds the Rishabh Instruments share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.
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Rishabh Instruments Stock Analysis: Company Overview and Key Stats
Rishabh Instruments (NSE: RISHABH) has a market capitalisation of Rs 2,488 crore. In FY26 it reported revenue of Rs 795.84 crore and net profit of Rs 82.26 crore. The table collects the figures the Rishabh Instruments share price target is built on.
| Metric | Value |
|---|---|
| Company | Rishabh Instruments |
| NSE Ticker | RISHABH |
| CMP (5 November 2026) | Rs 654.05 |
| 52-Week High | Rs 852.00 |
| 52-Week Low | Rs 315.00 |
| Market Cap | Rs 2,488 crore |
| PE Ratio (TTM) | 30.34 |
| Industry PE | 42.17 |
| Price to Book | 3.34 |
| Return on Equity | 10.94% |
| Debt to Equity | 0.11 |
| EPS (TTM) | Rs 21.12 |
| Dividend Yield | 0.31% |
| 12-Month Base Target | Rs 769 |
| Bull Case | Rs 921 |
| Downside Risk Level (not a target) | Rs 513 |
Why Is Rishabh Instruments Share Price Target Set at Rs 769 for 2027?
The arithmetic is short. Trailing EPS of Rs 21.12 grown for one year gives a forward EPS estimate of Rs 25.34, and multiplying it by the unchanged PE of 30.34 gives the Rs 769 base-case Rishabh Instruments stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.
Earnings Growth Behind the Rishabh Instruments Target Price: Five Years of Results
Rishabh Instruments grew revenue from Rs 479.92 crore in FY22 to Rs 795.84 crore in FY26, a compound annual growth rate of 13.5%. Net profit grew more slowly, from Rs 49.65 crore to Rs 82.26 crore (13.5% a year), which points to margin pressure alongside the sales growth.
| Financial Year | Revenue (Rs Cr) | Net Profit (Rs Cr) | EPS (Rs) | Dividend per Share (Rs) |
|---|---|---|---|---|
| FY22 | 479.92 | 49.65 | 12.89 | 0.00 |
| FY23 | 579.78 | 49.69 | 12.76 | 0.00 |
| FY24 | 701.33 | 39.89 | 10.61 | 0.00 |
| FY25 | 734.87 | 20.97 | 5.84 | 0.00 |
| FY26 | 795.84 | 82.26 | 21.07 | 2.00 |
FY26 revenue growth was 8.3%, slower than the four-year average of 13.5%, and net profit moved up 292.3%. EPS rose from Rs 10.61 in FY24 to Rs 21.07 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.
Margins and the Latest Quarter
Rishabh Instruments converted 10.3% of FY26 revenue into net profit, against 2.9% in FY25, within a five-year range of 2.9% to 10.3%. EBITDA margin was 18.5% in FY26 versus 8.6% in FY25.
In the June 2026 quarter, revenue was Rs 201.92 crore, up 3.8% from the same quarter a year earlier, while net profit of Rs 19.36 crore was down 1.3%. EBITDA came in at Rs 36.96 crore, up 13.2% year on year. The next quarterly result is the first test of whether the earnings assumption holds.
Balance Sheet and Cash Flow
Debt to equity stands at 0.11, and shareholders’ equity grew from Rs 346.10 crore in FY22 to Rs 749.07 crore in FY26. Operating cash flow in FY26 was Rs 108.48 crore against capital expenditure of Rs 110.39 crore, leaving negative free cash flow of Rs 1.91 crore. In FY25 free cash flow was negative at Rs 11.24 crore.
Valuation Check for the Rishabh Instruments Stock Target: PE, Price to Book and ROE
At a PE of 30.34 against an industry PE of 42.17, Rishabh Instruments trades at a discount to its industry. Price to book is 3.34 on a book value of Rs 191.95 per share, and return on equity is 10.94%. A PE of 30.34 equals an earnings yield of 3.3%, and the FY26 dividend of Rs 2.00 per share gives a yield of 0.31%.
Shareholding Pattern and Institutional Holding
Promoters held 69.28% of Rishabh Instruments in September 2026, and promoter holding fell from 69.81% in September 2025 to 69.28% in September 2026. Foreign institutional investors (FII) held 2.32% and domestic institutions (DII) held 7.39%, which puts total institutional holding at 9.71%. FII holding rose from 0.35% in September 2025 to 2.32% in September 2026. Public shareholders own the remaining 21.01%.
Rishabh Instruments Share Price Targets for the Short Term and 12 Months
Short Term Rishabh Instruments Stock Target Levels: Technical Setup
At Rs 654.05 on 5 November 2026, Rishabh Instruments trades below its 50-day simple moving average of Rs 705.09 and above its 200-day exponential moving average of Rs 582.83. The 14-day RSI reads 45.6, which is neutral territory, and the MACD line sits below its signal line. The nearest resistance level is Rs 705.09 (50-day simple moving average) and the nearest support is Rs 582.83 (200-day exponential moving average). A sustained move above Rs 705.09 would improve the short-term setup, while a close below Rs 582.83 would shift attention to the next support.
12 Month Rishabh Instruments Target Price for 2027
The 12-month target of Rs 769 means a move of 17.6% up from Rs 654.05 over the next 12 months. It would still leave the stock 9.7% below its 52-week high of Rs 852.00. Anyone checking the Rishabh Instruments share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.
How EPS Growth and PE Multiple Change the Rishabh Instruments Target Price
| EPS Growth | PE 24.27 | PE 30.34 | PE 34.89 |
|---|---|---|---|
| 0.0% (EPS Rs 21.12) | Rs 513 | Rs 641 | Rs 737 |
| 20.0% (EPS Rs 25.34) | Rs 615 | Rs 769 | Rs 884 |
| 25.0% (EPS Rs 26.40) | Rs 641 | Rs 801 | Rs 921 |
Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the Rishabh Instruments price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.
Bull Case and Downside Risk for Rishabh Instruments Stock Target in 2027
Bull Case Rs 921
The bull case Rishabh Instruments price target needs EPS growth of 25.0%, which lifts forward EPS to Rs 26.40, and a PE multiple that rises 15% to 34.89. That gives Rs 921, 40.8% above the current price and above the 52-week high of Rs 852.00, so the stock would have to set a fresh 52-week high.
Downside Risk Level Rs 513
The downside risk level is not a target. It assumes EPS stays flat at Rs 21.12 and the PE falls 20% to 24.27. That gives Rs 513, 21.6% below the current price and above the 52-week low of Rs 315.00.
| Scenario | EPS Growth | PE Multiple | Price (Rs) | Change vs CMP |
|---|---|---|---|---|
| Bull Case | 25.0% | 34.89 | Rs 921 | +40.8% |
| Base Case | 20.0% | 30.34 | Rs 769 | +17.6% |
| Downside Risk | 0.0% | 24.27 | Rs 513 | -21.6% |
Key Risks to the Rishabh Instruments Target Price for 2027
Growth Slowdown Risk for the Rishabh Instruments Price Target
Revenue in the June 2026 quarter was up 3.8% year on year, and FY26 revenue growth was 8.3%. If growth slows from here, the EPS estimate behind the Rishabh Instruments stock target will need revising.
Liquidity and Size Risk
Rishabh Instruments has a market capitalisation of Rs 2,488 crore. Institutional holding is 9.71%, and promoters hold 69.28%. Stocks of this size can move sharply on small volumes, and exits can take longer than entries.
Valuation and Margin Risk
Net margin was 10.3% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 30.34 versus an industry PE of 42.17, a de-rating toward the downside-risk PE of 24.27 would cut the price even if earnings hold.
Market and Technical Risk
Technical indicators add short-term risk: the 14-day RSI is 45.6 and the MACD sits below its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time.
How to Invest in Rishabh Instruments
Start with the live price and volume. Any Rishabh Instruments share price target is only as current as the data behind it, and the data here is as of 5 November 2026, so refresh the Rs 654.05 price before acting on any level.
Next, review the fundamentals yourself. The Univest Screener lets you check Rishabh Instruments’ PE, ROE, debt and shareholding in one place.
Check Rishabh Instruments fundamentals on the Univest Screener
Then compare the three Rishabh Instruments target price scenarios with your own view. If you expect EPS growth below 20.0%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.
Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.
Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.
Download the Univest iOS App or Univest Android App to track Rishabh Instruments live price and get daily stock recommendations.
Conclusion
The Rishabh Instruments share price target for 2027 is Rs 769 in the base case, with Rs 921 as the bull case. The support for that view is arithmetic you can check: EPS grew 40.9% a year over FY24 to FY26, and the stock trades at a PE of 30.34. The risks are equally concrete, including a valuation that can de-rate even when earnings hold and a downside scenario that cuts the price 22% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.
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).
FAQs on Rishabh Instruments Share Price Target 2027
What is the Rishabh Instruments share price target for 2027?
Ans. The base-case Rishabh Instruments share price target for 2027 is Rs 769, which is 17.6% above the price of Rs 654.05 on 5 November 2026. The bull case is Rs 921 and the downside risk level, which is not a target, is Rs 513. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.
What is the Rishabh Instruments share price today?
Ans. As of 5 November 2026, 11:37 AM IST, Rishabh Instruments (NSE: RISHABH) trades at Rs 654.05, up 2.11% on the day. That is 23.2% below the 52-week high of Rs 852.00 and 107.6% above the 52-week low of Rs 315.00. The market capitalisation of Rs 2,488 crore places it among small-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.
Is Rishabh Instruments a buy or sell at the current price?
Ans. The data points both ways. On the positive side, EPS has grown 40.9% a year over FY24 to FY26 and the base case implies 17.6% upside; on the cautious side, the valuation can de-rate even when earnings hold, and the downside risk level of Rs 513 is 22% below the current price. Whether Rishabh Instruments fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.
What are the bull case target and downside risk level for Rishabh Instruments shares?
Ans. The bull case in the Rishabh Instruments share price target for 2027 is Rs 921, which assumes 25.0% EPS growth and a PE of 34.89, a 15% re-rating from today’s multiple. That is 40.8% above the current price and above the 52-week high of Rs 852.00, so the stock would have to set a fresh 52-week high. The downside risk level is Rs 513, which assumes flat EPS and a PE of 24.27, 20% lower than today. It sits 21.6% below the current price and above the 52-week low of Rs 315.00, and it marks a risk to watch, not a target.
What are the main risks to the Rishabh Instruments price target?
Ans. Four risks matter most for the Rishabh Instruments share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. With a market capitalisation of Rs 2,488 crore, the stock can move sharply on small volumes, and exits can take longer than entries. A fall to the downside-risk PE of 24.27 would cut the price even if earnings hold.
What is the PE ratio of Rishabh Instruments and how does it compare with the industry?
Ans. The PE ratio of Rishabh Instruments is 30.34, against an industry PE of 42.17, which is a discount to the industry. Price to book is 3.34 and return on equity is 10.94%, and the PE equals an earnings yield of 3.3%. The base case holds the PE unchanged, so the Rishabh Instruments share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.
Who owns Rishabh Instruments, and what is the promoter holding?
Ans. Promoters held 69.28% of Rishabh Instruments in September 2026. FII held 2.32%, DII held 7.39% and the public held 21.01%. Together the two institutional groups hold 9.71%. Shareholding is filed every quarter, so it is worth rechecking after each result.
What were Rishabh Instruments’ latest quarterly results?
Ans. In the June 2026 quarter, Rishabh Instruments reported revenue of Rs 201.92 crore (up 3.8% year on year) and net profit of Rs 19.36 crore (down 1.3%). For comparison, FY26 full-year revenue growth was 8.3% and net profit moved up 292.3%. Each new quarter either supports or weakens the EPS growth of 20.0% assumed in the base case.
