RIR Power Electronics Limited
NSE: RIROther Electrical Equipment
Share price
₹174.12
+0.45% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
47
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹1,385 Cr
P/E ratio
196.5
P/B ratio
9.9
ROCE
7.9%
ROE
5.1%
Dividend yield
0.1%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 5.4% over the past year, and 9.2% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 11.6% to 10.9% over the last four years.
Whether it grew faster than its sector
It grew 9.2% a year against a sector median of 10.6% — 1.4 percentage points slower.
Room to re-rate, or risk of de-rating
At 196.5× earnings it costs 8.2× the market, which pays 24.1× across 2199 companies we can price. Its own industry sits at 59.7×, across 5 companies. It is against its own five-year median of 175.0×, the 64th percentile of its own range.
Whether growth justifies the valuation
Priced at 65.5 times its growth rate, on earnings growth of 3%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| RIR Power Electronics Limited — this one | 3%/yr | 196.5× | ₹65.5 |
| Apar Industries Limited | 16%/yr | 59.7× | ₹3.7 |
| Waaree Energies Limited | 99%/yr | 16.6× | ₹0.17 |
| Premier Energies Limited | 365%/yr | 24.2× | — |
| Mtar Technologies Limited | -2%/yr | 178.7× | — |
| Diamond Power Infrastructure Limited | — | 115.7× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Other Electrical Equipment), it ranks 31 of 34 on returns, 22 of 30 on growth, 22 of 34 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 7.9% on capital, ahead of 9% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years the business itself consumed ₹20 crore of cash before any plant spend, funded from shareholders — borrowings did not rise. And the profit is not backed by cash: it reported a profit over 6 years and consumed cash from the business. Its cash comes back more slowly than it used to: it went from being waiting 34.2 days for its cash to waiting 216.5 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
3 of 7 checks clear · 43%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 10 Aug 2026 · Standalone · Unaudited
Revenue
₹27 Cr
Net profit
₹3 Cr
EPS
₹0.39
Earnings call transcript · 13 Aug 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹1,385 Cr
- Prev close
- ₹174.12
- 52w High
- ₹345
- 52w Low
- ₹132
- Enterprise value
- ₹1,379 Cr
- Beta
- 1.1
- Price CAGR 1y
- -45.0%
- Price CAGR 3y
- 40.0%
- Price CAGR 5y
- 85.0%
- Price CAGR 10y
- 44.0%
Ratios
- Return on assets
- 3.7%
- PEG ratio
- 71.3
- P/E ratio
- 196.5
- P/B ratio
- 9.9
- EV / EBITDA
- 135.3
- Industry P/E
- 32.5
- ROCE
- 7.9%
- ROCE 5y average
- 12.0%
- ROE
- 5.1%
- Debt / Equity
- 0.1
- Interest coverage
- 9.1
- Dividend yield
- 0.1%
- ROE 3y average
- 8.0%
- ROE last year
- 5.0%
Annual P&L
- Annual revenue
- ₹91 Cr
- Annual profit
- ₹8 Cr
- Operating margin
- 11.2%
- Net profit margin
- 8.7%
- EBITDA margin
- 11.2%
- Sales growth 3y
- 16.6%
- Sales growth 5y
- 24.8%
- Profit growth 3y
- 3.0%
- Profit growth 5y
- 37.0%
- EPS
- ₹1.0
- Sales growth TTM
- 5.0%
- Profit growth TTM
- -15.0%
- Dividend payout
- 10.0%
Quarter P&L
- Sales latest quarter
- ₹24 Cr
- Profit latest quarter
- ₹1 Cr
- YoY quarterly sales growth
- -9.5%
- YoY quarterly profit growth
- -42.8%
- OPM latest quarter
- 8.7%
Balance Sheet
- Book Value
- ₹17.5
- Face Value
- ₹2.0
- Total debt
- ₹14 Cr
- Total cash
- ₹20 Cr
- Borrowings
- ₹14 Cr
- Reserves / Equity
- 7.8
Cash Flow
- Operating cash flow
- -₹22 Cr
- Free cash flow
- -₹55 Cr
- FCF yield
- -4.1%
- Net cash flow
- ₹1 Cr
Shareholding
- Promoter holding
- 57.6%
- FII holding
- 6.5%
- DII holding
- 0.0%
- Public holding
- 35.9%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Apar Inds. | 17,650.00 | 61.3 | 73,905 | 0.33 | 467.5 | 77.8 | 6,591.1 | 29.1 | 31.8 |
| Waaree Energies | 2,321.80 | 16.6 | 66,787 | 0.17 | 891.9 | 14.1 | 7,931.8 | 79.2 | 38.5 |
| Premier Energies | 885.50 | 24.1 | 40,197 | 0.11 | 471.9 | 50.5 | 2,462.6 | 35.3 | 32.7 |
| MTAR Technologie | 7,700.00 | 172.5 | 23,685 | 0.00 | 50.5 | 349.7 | 360.7 | 130.4 | 15.2 |
| Diamond Power | 360.75 | 116.3 | 21,575 | 0.00 | 57.1 | 197.8 | 707.3 | 133.0 | 10.4 |
| Emmvee Photovol. | 302.60 | 16.4 | 20,950 | 0.33 | 380.3 | 102.6 | 1,555.5 | 51.3 | 44.6 |
| Avalon Tech | 2,349.60 | 117.6 | 15,715 | 0.00 | 34.9 | 145.4 | 484.4 | 49.8 | 19.3 |
| RIR Power Electr | 174.55 | 215.0 | 1,389 | 0.05 | 1.4 | -42.8 | 24.0 | -9.5 | 7.9 |
| Median | 295.05 | 25.4 | 747 | 0.00 | 8.1 | 29.5 | 135.6 | 32.4 | 21.5 |
Competes with: Apar Industries Limited, Avalon Technologies Limited, Diamond Power Infrastructure Limited, Emmvee Photovoltaic Power Limited, Fujiyama Power Systems Limited, Mtar Technologies Limited, Premier Energies Limited, Waaree Energies Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 16 | 14 | 17 | 15 | 22 | 21 | 19 | 20 | 26 | 21 | 26 | 20 | 24 |
| Expenses | 15 | 12 | 14 | 13 | 18 | 18 | 17 | 18 | 23 | 18 | 21 | 19 | 22 |
| Operating Profit | 1.69 | 1.79 | 2.62 | 1.55 | 3.93 | 3.31 | 2.32 | 2.11 | 3.45 | 2.88 | 4.36 | 0.86 | 2.09 |
| OPM % | 10 | 13 | 16 | 11 | 18 | 16 | 12 | 11 | 13 | 14 | 17 | 4.24 | 8.73 |
| Other Income | 0.90 | 0.67 | 0.28 | 0.25 | 0.54 | 0.39 | 0.66 | 0.54 | 0.44 | 0.47 | 1.74 | 0.42 | 1.06 |
| Interest | 0.36 | 0.32 | 0.30 | 0.32 | 0.31 | 0.61 | 0.48 | 0.40 | 0.39 | 0.36 | 0.36 | 0.34 | 0.32 |
| Depreciation | 0.30 | 0.26 | 0.26 | 0.27 | 0.28 | 0.16 | 0.19 | 0.34 | 0.28 | 0.30 | 0.31 | 0.31 | 0.36 |
| Profit before tax | 1.93 | 1.88 | 2.34 | 1.21 | 3.88 | 2.93 | 2.31 | 1.91 | 3.22 | 2.69 | 5.43 | 0.63 | 2.47 |
| Tax % | 38 | 28 | 32 | 7.44 | 29 | 22 | 38 | 23 | 25 | 31 | 22 | 29 | 44 |
| Net Profit | 1.20 | 1.36 | 1.57 | 1.12 | 2.78 | 2.28 | 1.43 | 1.48 | 2.43 | 1.87 | 4.23 | 0.44 | 1.39 |
| EPS in Rs | 0.17 | 0.20 | 0.23 | 0.16 | 0.40 | 0.33 | 0.19 | 0.19 | 0.32 | 0.24 | 0.53 | 0.06 | 0.17 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Sales | 30 | 42 | 57 | 67 | 86 | 91 |
| Expenses | 27 | 37 | 49 | 57 | 75 | 81 |
| Operating Profit | 2.87 | 4.86 | 8.08 | 9.89 | 11 | 10 |
| OPM % | 9.54 | 11 | 14 | 15 | 13 | 11 |
| Other Income | 0.68 | 0.54 | 2.10 | 1.94 | 2.04 | 3.69 |
| Interest | 0.58 | 0.64 | 1.05 | 1.25 | 1.88 | 1.38 |
| Depreciation | 1.12 | 1.07 | 1.19 | 1.08 | 0.97 | 1.29 |
| Profit before tax | 1.85 | 3.69 | 7.94 | 9.51 | 10 | 11 |
| Tax % | 28 | 24 | 25 | 26 | 27 | 29 |
| Net Profit | 1.33 | 2.81 | 5.97 | 7.03 | 7.63 | 7.93 |
| EPS in Rs | 0.19 | 0.40 | 0.86 | 1.01 | 0.99 | 1 |
| Dividend Payout % | -0 | 25 | 17 | 20 | 20 | 10 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- 25%
- 3 years
- 17%
- TTM
- 5%
Compounded profit growth
- 10 years
- —
- 5 years
- 37%
- 3 years
- 3%
- TTM
- -15%
Stock price CAGR
- 10 years
- 44%
- 5 years
- 85%
- 3 years
- 40%
- 1 year
- -45%
Return on equity
- 10 years
- —
- 5 years
- 10%
- 3 years
- 8%
- Last year
- 5%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 6.88 | 6.90 | 6.94 | 6.96 | 7.67 | 16 |
| Reserves | 15 | 19 | 26 | 56 | 107 | 124 |
| Borrowings | 3.29 | 29 | 32 | 34 | 21 | 14 |
| Other Liabilities | 8.32 | 11 | 12 | 14 | 16 | 63 |
| Total Liabilities | 34 | 67 | 77 | 111 | 152 | 217 |
| Fixed Assets | 6.28 | 8.51 | 7.20 | 7.80 | 13 | 13 |
| CWIP | 0.70 | 20 | 24 | 27 | 71 | 97 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 |
| Other Assets | 27 | 38 | 46 | 76 | 68 | 107 |
| Total Assets | 34 | 67 | 77 | 111 | 152 | 217 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 3.74 | -1.76 | 0.74 | 1.59 | 1.29 | -22 |
| Cash from Investing Activity | -1.01 | -23 | -3.84 | -3.76 | -50 | -33 |
| Cash from Financing Activity | -2.78 | 25 | 3.11 | 24 | 27 | 55 |
| Net Cash Flow | -0.05 | -0 | 0.01 | 22 | -22 | 0.61 |
| Free Cash Flow | 2.70 | -25 | -3.14 | -2.39 | -50 | -55 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor Days | 137 | 90 | 105 | 106 | 112 | 85 |
| Inventory Days | 250 | 210 | 183 | 167 | 126 | 163 |
| Days Payable | 104 | 112 | 93 | 88 | 77 | 50 |
| Cash Conversion Cycle | 284 | 188 | 194 | 185 | 161 | 199 |
| Working Capital Days | 223 | 34 | 148 | 121 | 149 | 217 |
| ROCE % | 13 | 15 | 13 | 11 | 7.93 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
-5.97inr_cr
2026-03-31
News
News and filings about RIR Power Electronics Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- Aluminium heat-sinks
- Glass-to-metal seals
- Silicon wafers
- Specialty chemicals & process gases
Depends on the price of
- aluminium
Sells to
- ABB India · Power semiconductor devices / modules
- Bharat Heavy Electricals · Power semiconductor devices (thyristors, rectifiers, power modules)
- CG Power and Industrial Solutions Limited · Power semiconductor devices / rectifier stacks (ex-Crompton Greaves)
- Indian Railways · Traction diodes/thyristors, rectifiers (long-standing supplier)
- Larsen & Toubro · Power semiconductor devices / high-power rectifiers
- NTPC Limited · Rectifiers / battery chargers / power devices for power plants
- Port Trusts (India) · High-power rectifiers / equipment
- Siemens India · Power semiconductor devices / modules
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Capital Goods
- Industry
- Other Electrical Equipment
- Classification
- Capital Goods › Other Electrical Equipment
- ISIN
- INE302D01024
Plants
- Halol Semiconductor Device Plant
- Odisha Epi Wafer Fab
News impact
Big market events that reach RIR Power Electronics Limited, and how the effect spreads.
18 Sept, 11:31 IST · Market event · high impact
Small cap stock RIR Power Electronics share price jumps around 8% today: Here’s why the semiconductor stock is rallying
RIR Power finished installing chip-making machines for India's first home-grown SiC chip hub in Odisha, so RIR's outlook brightens, though at today's price the stock already reflects the good news.
Who it hits first
- RIR Power Electronics finished installing advanced silicon-carbide (SiC) chip-making reactors at its Bhubaneswar, Odisha plant — the key machines for making SiC wafers, the power chips used in electric vehicles, solar inverters and factory equipment.
- The company calls it India's first vertically integrated SiC hub, meaning more of the chip-making work stays in-house instead of relying on imported wafers; the state government publicly backed the milestone.
- The stock jumped about 8% to a day's high of Rs 214 as traders repriced the progress. Installing machines is not yet selling chips, so trial production and customer orders are the next proof points.
Who may gain
- RIR Power Electronics itself is the main winner: a working domestic SiC line cuts its dependence on imported wafers and opens future orders from EV, solar-inverter and industrial-drive makers.
- Power-equipment makers that buy power chips — ABB, Siemens, CG Power, BHEL and L&T — gain a future local supplier, which can shorten delivery times and trim import costs over time.
- Fellow Capital Goods names such as Waaree Energies, Premier Energies, Avalon, Apar Industries and MTAR get a sentiment lift, as the milestone shows India's power-electronics supply chain is deepening.
Along the supply chain
Downstream
Buyers of power chips — drive makers, inverter assemblers and EV component plants, including customers such as ABB, Siemens, CG Power, BHEL, NTPC and L&T — can over time source SiC devices locally instead of waiting on imports.
Upstream
Makers of reactor parts, specialty gases, graphite parts and clean-room equipment see fresh order hopes, since a working SiC line needs steady consumables and spares; no listed upstream supplier was named in the announcement.
Where demand moves
Business
New domestic SiC wafer supply meets demand from EV makers, solar-inverter plants and industrial equipment factories; equipment and material orders flow to RIR's vendors while demand for imported SiC wafers eases at the margin.
Capital
Momentum money chases the small-cap milestone stock itself (RIR) first; broader Capital Goods buying stays selective, favouring profitable solar and cable makers such as Waaree Energies and Apar Industries over story stocks.
How it spreads across sectors
Automobile and Auto Components
Mildly positive — EV makers are the biggest end-users of SiC chips, so a home-grown supply is good news, but volumes that move auto earnings are still far away.
Capital Goods
Positive readthrough — the milestone validates domestic power-electronics manufacturing; equipment and electronics makers ride the sentiment, though none gains direct orders today.
Power
Mildly positive — local SiC supply can, over time, lower the cost of inverters and drives used across power plants and grids; no near-term earnings effect.
Commodity angle
Cc skip reason
no_commodity_link
A pattern seen before
Cascade chain
- RIR completes SiC reactor installation — domestic power-chip supply milestone
- EV and solar-inverter makers gain a future local SiC source; no direct orders yet
- Capital Goods sentiment lifts across equipment and electronics makers
Pattern name
Semiconductor Cascade
Sectors queried
- Automobile and Auto Components
When it plays out
Immediate
RIR stock stays volatile with momentum buyers active; expect sharp intraday swings as the news is digested and early buyers take profit.
Medium term
If the hub starts commercial output and wins EV or solar-inverter orders within 1-6 months, RIR's revenue base changes; without orders, today's premium fades.
Short term
Market watches for trial-production updates, customer qualification wins and management commentary on hub timelines; peer stocks drift with the broader Capital Goods trend.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 22 Sep 2026 | unspecified | ₹0.1 |
|---|
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 30 Sep 2026 | BHAVNA HARSHAD MEHTA | SELL | 10,00,000 | ₹193.02 |
| 18 Sep 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | BUY | 6,98,063 | ₹206.29 |
| 18 Sep 2026 | NK SECURITIES RESEARCH PRIVATE LIMITED | SELL | 6,98,063 | ₹206.45 |
| 18 Sep 2026 | ALPHAGREP SECURITIES PRIVATE LIMITED | BUY | 6,51,113 | ₹206.51 |
| 18 Sep 2026 | ALPHAGREP SECURITIES PRIVATE LIMITED | SELL | 6,51,113 | ₹206.67 |
| 18 Sep 2026 | QE SECURITIES LLP | BUY | 6,08,240 | ₹205.53 |
| 18 Sep 2026 | QE SECURITIES LLP | SELL | 6,01,642 | ₹205.91 |
| 18 Sep 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | SELL | 5,38,559 | ₹205.64 |
| 18 Sep 2026 | JUNOMONETA FINSOL PRIVATE LIMITED | BUY | 5,36,581 | ₹205.59 |
| 18 Sep 2026 | IRAGE BROKING SERVICES LLP | SELL | 4,18,230 | ₹208.73 |
Insider trades
| Disclosed | Who | Type | Shares | Value ₹ Cr |
|---|---|---|---|---|
| 1 Oct 2026 | BHAVNA H. MEHTA · Promoter and Director | SELL | 10,00,000 | 19.30 |
| 12 Sep 2026 | JITENDRA UTTAMCHAND MEHTA · Promoter Group | SELL | 8,37,240 | 15.50 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call13 Aug 2026
- Earnings call2 Jun 2026
- Earnings call17 Feb 2026
- Annual report
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.