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Ratnaveer Precision Engineering Limited

Ratnaveer Precision Engineering Limited

RATNAVEER.BO
Ratnaveer Precision Engineering LimitedIN flagBombay Stock Exchange
180.00
INR
+0.20
- -
10.45BMarket Cap
Ratnaveer Precision Engineering Limited
RATNAVEER.BO
(Bombay Stock Exchange)

Recent

price

180.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
2026
TTM
FRC
85.73
74.12
88.02
138.52
145.85
177.37
184.65
200.85
Revenue per Share
2.08
1.13
1.95
7.23
7.61
9.31
11.11
12.08
Basic EPS, GAAP
-0.76
0.1
-5.83
-5.19
-13.14
-8.59
-28.1
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
13.95
11.09
13.07
25.6
32.71
36.77
11.78
12.81
Book Value per Share
14.16
10.61
11.95
26.23
61.76
73.76
115.57
125.71
Tangible Book Value per Share
35
48
48
35
41
50
58
53
Basic Weighted Avg Shares
2,969
3,595
4,269
4,797
5,954
8,919
10,687
10,687
Sales/Revenue/Turnover
7.47
4.8
5.53
8.73
7.42
7.77
8.12
8.12
Operating Margin (%)
24
27
39
40
58
171
254
254
Depreciation Expense
72
55
95
250
310
468
643
643
Net Income, GAAP
29.76
43.09
29.55
18.46
20.57
22.82
15.36
15.36
Effective Tax Rate (%)
2.42
1.52
2.22
5.22
5.22
5.25
6.02
6.02
Profit Margin (%)
514
414
511
828
1,670
1,904
3,848
3,848
Working Capital
281
214
296
330
329
554
332
332
LT Debt
511
566
660
1,061
2,521
3,709
6,692
6,692
Total Equity
- -
4.88
7.14
11.46
8.79
10.42
9.34
9.34
Return on Invested Capital (%)
- -
5.37
7.12
11.97
11.81
15.75
20.88
20.88
Return on Capital (%)
- -
10.69
16.17
32.95
27.95
29.41
50.82
50.82
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
1,494
- -
3,018
LT Borrowings
646
- -
332
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
53
- -
68
Market Capitalization
7,970
7,819
6,947

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
6,671
- -
9,233
Cash, Cash Equivalents & STI
703
- -
2,693
Accounts Receivable, Net
1,176
- -
1,746
Inventories
2,861
- -
2,894
Total Current Liabilities
4,273
- -
5,385
Payables & Accruals
- -
- -
- -
ST Debt
1,494
- -
3,018
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
68.53%
80.43%
Free Cash Flow
- -
-1,140.23%
276.54%
Net Income, GAAP
- -
70%
37.36%
Sales/Revenue/Turnover
- -
24.97%
19.83%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,177
1,425
1,932
1,420
5,954
2025
2,042
2,300
2,546
2,031
8,919
2026
2,646
2,859
2,693
2,490
10,687

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.37
1.95
2.27
- -
7.61
2025
3.06
2.44
2.24
2.13
9.31
2026
2.97
3.07
3.11
2.94
11.11

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Ratnaveer Precision Engineering Limited manufactures stainless steel products including finished sheets such as satin surface, hairline, scotch bright and mirror surface sheets; washers encompassing over 2,500 SKUs like inner ring washers, spring washers, nord lock washers, retaining rings, internal tooth washers and external tooth washers; solar roofing hooks for photovoltaic mounting systems; tubes and pipes; and SS scrap metals. The company serves diverse industries such as automotive, solar power, wind energy, power plants, oil and gas, pharmaceuticals, railways, defence, aerospace, architecture, building and construction, electrical appliances and sanitary plumbing with products sold domestically in northern and western India and exported to over 31 countries including Europe (Germany, Spain, Netherlands, United Kingdom). Established in 2002 and headquartered in Vadodara, Gujarat, India, Ratnaveer operates four manufacturing units in Savli and Waghodia (Vadodara) and Vatva (Ahmedabad), featuring backward integration (scrap to ingots and sheets via Units III and IV) and forward integration capabilities with a total production capacity of 30,000 MTPA; it holds a wholly owned subsidiary, Ratnaveer StainlessInox LLC in UAE, and maintains ISO 9001, ISO 14001 and OHSAS 18001 certifications. The company pursues expansion through phased capital expenditure including Rs 48 crore completed in February 2025 and Rs 68 crore commencing December 2025 for capacity augmentation and value-added products like circlips; it invests Rs 45 crore in a new copper-clad laminates project targeting Rs 108 crore revenue at 20% EBITDA margins. In June 2025, the board approved increasing authorised share capital to Rs 85 crore and fundraising up to Rs 211 crore via equity issuance; by November 2025, it raised approximately Rs 200 crore through preferential allotment of 1.02 crore equity shares and Rs 130 crore via 66.32 lakh warrants at Rs 196 per share, with a QIP launched in December 2025 at a floor price of Rs 152.46 per share. Ratnaveer reports strong Q2 FY2026 results, projects revenue growth to Rs 1,100 crore in current year, Rs 1,500 crore next year and Rs 1,800 crore the following year, and explores acquisitions in aviation and automobile sectors.