Ratnaveer Precision Engineering Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹3,026 Cr
- P/E
- 44.77
- ROE
- 12.37%
- PEG
- 1.21
- Price to sales
- 2.71
- Debt to equity
- 0.50
- 52W high / low
- ₹360 / ₹131
- Sales growth (5Y)
- 24.34%
- EBITDA margin
- 10.49%
- Net profit margin
- 6.02%
- Promoter holding
- 38.71%
- Sales (last year)
- ₹1,119 Cr
Incorporated in 2000, Ratnaveer Precision Engineering Ltd manufactures and sells a diverse range of SS products[1]
Guidance scorecard · Q2 FY27 call
What Ratnaveer Precision Engineering Ltd's management guided
and where it ranks in Industrial Products
Industrial Products
RevenueQ4 FY26 call
20–40%- Target top-line revenue of ₹2,500 crores within the next 2.5 to 3 years, combining stainless steel and CCL businesses.
- Existing stainless steel business expected to grow at a 25% CAGR, reaching about ₹1,800 crores in 3 years.
- CCL business projected to contribute ₹750 crores in revenue by FY28, with 5 production lines expected to be operational.
- Consolidated EBITDA margin targeted at around 13.5% and PAT margin near 10.5% for combined businesses.
- Individual CCL business aims for 20% EBITDA and 13% PAT margins initially.
- Consistent quarterly and annual growth is expected, with no major adverse impact from recent global geopolitical events.
2 more points from Ratnaveer Precision Engineering Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Ratnaveer Precision Engineering Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- The company is undertaking a significant CAPEX project for the CCL (Copper Clad Laminate) business, with a total project cost of around ₹350-400 crores plus ₹46 crores for solar, totaling approximately ₹400 crores.
- A new fundraise of ₹330 crores through QIP or equivalent is planned to meet capital expenditure and working capital needs for the CCL project.
- The CCL project involves setting up five production lines, with the first expected to commence production by November 2026, and the remaining lines over the next two years.
- The CAPEX breakdown: 70% for plant, machinery, equipment; 80% for building (likely of the portion); 12% for miscellaneous and filling costs; land is already owned.
- The company is investing in solar power with 40% depreciation benefits.
2 more points from Ratnaveer Precision Engineering Ltd's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Ratnaveer Precision Engineering Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- The company has a strong order book position as of May 14th, 2026, with no significant impact seen from recent war situations.
- Orders are robust across product lines, supporting consistent growth guidance of 25-30% CAGR.
- For the new CCL business, there are multiple soft confirmations and expressions of interest from PCB companies, though no firm contracts yet as production lines are being established.
2 more points from Ratnaveer Precision Engineering Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingRatnaveer Precision Engineering Ltd announcements
All announcements →- Fundraise / allotmentMajor developmentRatnaveer Precision Engineering Ltd Q2 FY27 Revenue up 35%, PAT up 56%
Financials of Ratnaveer Precision Engineering Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Ratnaveer Precision Engineering Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 55.48% | 55.48% | 55.48% | 50.72% | 50.72% | 50.72% | 50.72% | 50.72% | 42.63% | 42.74% | 45.49% | 38.71% |
| FIIs + | 3.82% | 0.15% | 1.19% | 0.73% | 2.38% | 1.84% | 1.23% | 1.32% | 8.35% | 7.28% | 3.53% | 3.25% |
| DIIs + | 0.01% | 0.01% | 0.01% | 0.39% | 0.27% | 0.23% | 0.00% | 0.10% | 2.57% | 2.54% | 2.00% | 1.15% |
| Public + | 40.70% | 44.38% | 43.32% | 48.17% | 46.63% | 47.21% | 48.05% | 47.87% | 46.45% | 47.44% | 48.98% | 56.88% |
| No. of Shareholders | 42,400 | 44,745 | 44,404 | 54,887 | 53,829 | 54,261 | 54,283 | 53,508 | 55,058 | 54,477 | 55,925 | 62,461 |
Financials of Ratnaveer Precision Engineering Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 142 | 193 | 142 | 204 | 230 | 255 | 203 | 265 | 286 | 269 | 249 | 315 | 387 |
| Expenses + | 129 | 175 | 138 | 180 | 206 | 234 | 186 | 238 | 258 | 241 | 221 | 282 | 351 |
| Operating Profit | 13 | 18 | 4 | 25 | 24 | 21 | 17 | 27 | 28 | 29 | 28 | 32 | 37 |
| OPM % | 9% | 9% | 3.2% | 12% | 11% | 8% | 8% | 10% | 10% | 11% | 11% | 10% | 9% |
| Other Income + | 1 | 1 | 5 | 1 | 1 | 0 | 2 | 0 | 2 | 0 | 7 | 4 | 6 |
| Interest | 3 | 3 | 2 | 5 | 4 | 4 | 0 | 3 | 4 | 5 | 8 | 7 | 8 |
| Depreciation | 1 | 2 | 2 | 3 | 3 | 4 | 7 | 6 | 6 | 6 | 7 | 7 | 7 |
| Profit before tax | 9 | 13 | 6 | 17 | 18 | 13 | 12 | 18 | 20 | 17 | 21 | 22 | 28 |
| Tax % | 15% | 31% | -1% | 28% | 32% | 14% | 9% | 17% | 23% | 2% | 18% | 17% | 13% |
| Net Profit + | 8 | 9 | 6 | 13 | 12 | 11 | 11 | 15 | 15 | 17 | 17 | 18 | 24 |
| EPS in Rs | 1.40 | 1.62 | 0.98 | 2.19 | 1.97 | 1.82 | 1.72 | 2.40 | 2.48 | 2.12 | 2.13 | 2.17 | 2.87 |
Financials of Ratnaveer Precision Engineering Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 297 | 360 | 427 | 480 | 595 | 892 | 1,069 | 1,220 |
| Expenses + | 272 | 340 | 399 | 434 | 545 | 805 | 957 | 1,094 |
| Operating Profit | 25 | 20 | 28 | 46 | 50 | 86 | 112 | 126 |
| OPM % | 8% | 6% | 6% | 10% | 8% | 10% | 10% | 10% |
| Other Income + | 2 | 4 | 2 | 1 | 7 | 4 | 10 | 17 |
| Interest | 14 | 12 | 12 | 12 | 12 | 13 | 20 | 28 |
| Depreciation | 2 | 3 | 4 | 4 | 6 | 17 | 25 | 27 |
| Profit before tax | 10 | 10 | 13 | 31 | 39 | 61 | 76 | 87 |
| Tax % | 30% | 43% | 30% | 18% | 21% | 23% | 15% | |
| Net Profit + | 7 | 5 | 9 | 25 | 31 | 47 | 64 | 76 |
| EPS in Rs | 1.88 | 1.42 | 2.47 | 6.14 | 5.45 | 7.52 | 8.05 | 9.29 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Ratnaveer Precision Engineering Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 35 | 49 | 53 | 68 | 84 |
| Reserves | 47 | 52 | 62 | 71 | 203 | 318 | 601 | 998 |
| Borrowings + | 140 | 151 | 191 | 230 | 207 | 195 | 335 | 264 |
| Other Liabilities + | 52 | 49 | 52 | 53 | 57 | 180 | 257 | 296 |
| Total Liabilities | 242 | 256 | 309 | 389 | 516 | 746 | 1,262 | 1,642 |
| Fixed Assets + | 22 | 32 | 41 | 50 | 74 | 186 | 242 | 249 |
| CWIP | 4 | 3 | 4 | 9 | 45 | 54 | 82 | 148 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 217 | 221 | 264 | 330 | 397 | 506 | 937 | 1,245 |
| Total Assets | 242 | 256 | 309 | 389 | 516 | 746 | 1,262 | 1,642 |
Financials of Ratnaveer Precision Engineering Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 7 | 14 | -16 | 0 | 12 | 95 | -48 |
| Cash from Investing Activity + | -9 | -11 | -12 | -17 | -63 | -136 | -103 |
| Cash from Financing Activity + | 5 | -2 | 28 | 27 | 80 | 47 | 354 |
| Net Cash Flow | 3 | 1 | 1 | 11 | 29 | 6 | 203 |
| Free Cash Flow | -3 | 1 | -28 | -18 | -54 | -43 | -155 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 39% | 84% | -46% | 10% | 39% | 117% | -39% |
Financials of Ratnaveer Precision Engineering Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 79 | 34 | 34 | 48 | 27 | 27 | 60 |
| Inventory Days | 175 | 162 | 176 | 191 | 175 | 142 | 118 |
| Days Payable | 55 | 43 | 42 | 35 | 31 | 58 | 91 |
| Cash Conversion Cycle | 198 | 153 | 168 | 205 | 171 | 110 | 87 |
| Working Capital Days | 41 | 23 | 27 | 40 | 66 | 42 | 45 |
| ROCE % | 11% | 11% | 14% | 13% | 14% | 12% |
Guidance history
How Ratnaveer Precision Engineering Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 20–40% | Up 2%+ | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
98 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +142.0% | 96% |
| Last 6 months | +121.1% | 98% |
| Last 3 months | +98.6% | 100% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Ratnaveer Precision Engineering Ltd: 0.4 × 96 + 0.4 × 98 + 0.2 × 100 = 98.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Ratnaveer Precision Engineering Ltd's management said in earlier quarters
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