- CEO
- Vijay Ramanlal Sanghavi
- Full Time Employees
- 380
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- 703/704, “OCEAN”, Vikram Sarabhai Campus Vadodara GU India 390023
- IPO Date
- Sep 11, 2023
- Business
- Ratnaveer Precision Engineering Limited Ratnaveer Precision Engineering Limited (RATNAVEER.NS), founded in 2002 and headquartered in Vadodara, Gujarat, India, manufactures and supplies stainless steel products including finishing sheets such as satin, hairline, scotch brite and mirror surface sheets; washers encompassing over 2,500 SKUs like inner ring, spring, nord lock, retaining rings, internal tooth and external tooth varieties; solar roofing hooks for photovoltaic mounting systems; tubes and pipes; and scrap metals, serving industries such as automotive, solar power, wind energy, power plants, oil and gas, pharmaceuticals, railways, defence, aerospace, construction, architecture and building. The company operates four manufacturing units in Gujarat--Unit I and II at GIDC Savli for finishing sheets, washers, solar hooks, tubes and pipes; Unit III at Waghodia for melting steel scrap into ingots; and Unit IV at Vatva, Ahmedabad for rolling ingots into sheets--with a production capacity of 30,000 MTPA, backward and forward integration for cost efficiency and quality control per ISO 9001, 14001 and OHSAS 18001 standards, and a global footprint exporting to over 30 countries including Europe while maintaining strong domestic sales in northern and western India. Recent developments include robust Q2 FY2025 financials with operational revenue rising to Rs 2,856.68 crore from Rs 2,299.93 crore year-over-year and profit before tax at Rs 200.98 crore; appointment of seven senior management personnel effective November 3, 2025, covering accounts, procurement, quality, operations, production, marketing and business development; a wholly-owned subsidiary Ratnaveer StainlessInox LLC in Sharjah, UAE; and ongoing capacity expansions, R&D for high-margin circlips in the washer segment, forward integration in tubes and pipes for direct end-user sales, and a target of Rs 730 crore total income with Rs 83.67 crore EBITDA in FY2025.