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10 Yrs X-Ray 
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Analyst Note 
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About
Ratnaveer Precision Engineering Ltd (RATNAVEER)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543978 NSE: RATNAVEER Steel & Iron Products | Small Cap | Ratnaveer Precision Share Price
₹288.50 -22.25 (-7.16%)
As on 11-Sep'26 16:59
Ratnaveer Precision Engineering Ltd (RATNAVEER)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543978 NSE: RATNAVEER Steel & Iron Products | Small Cap | Ratnaveer Precision Share Price
₹288.50 -22.25 (-7.16%)
As on 11-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹2,608 Cr.
Current Price
₹288.5
52-Week Low / High
₹129 / 316
TTM EPS
-
TTM Sales
-
Book Value per Share
-
P/E Ratio
Industry PE
25.3
Price to Book (P/B)
Price to Sales (P/S)
EV/EBITDA
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
%
Return on Capital Employed (ROCE)
%
Return on Assets (ROA)
%
Operating Profit Margin
0%
Net Profit Margin
-%
Gross Profit Margin
0%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
49.8%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
45.49%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
-
Equity
₹83.9 Cr.
Face Value
₹10
All Time Low / High
₹106.55 / 315.50
Check Before You Invest
Quality
Not GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Strong
Is Ratnaveer Precision Engineering Ltd a good quality company?
Ratnaveer Precision Engineering Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Ratnaveer Precision Engineering Ltd performance compare with that of its Peers?
Revenue growth of Ratnaveer Precision Engineering Ltd vs industry peers?
Ratnaveer Precision Engineering Ltd revenue CAGR is 24.60%, compared to the industry median CAGR of 8.38%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Ratnaveer Precision Engineering Ltd?
Promoters hold 45.49% of the Ratnaveer Precision Engineering Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Ratnaveer Precision Engineering Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 110.87% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ratnaveer Precision Engineering Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Value Creation ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 12.7% | 10.9% | 10.8% | 14.5% | 12.9% | 14.3% | - |
| Value Creation Index ⓘ | -0.1 | -0.2 | -0.2 | 0.0 | -0.1 | 0.0 | - |
Growth Parameters ⓘ |
|||||||
| Sales ⓘ | 297 | 360 | 427 | 480 | 595 | 892 | 1,119 |
| Sales YoY Gr. | - | 21.1% | 18.7% | 12.4% | 24.1% | 49.8% | - |
| Adj EPS ⓘ | 2 | 1 | 2.8 | 7.2 | 6.2 | 8.6 | 8.1 |
| YoY Gr. | - | -50% | 176.2% | 159.5% | -14.5% | 38.6% | - |
| BVPS (₹) ⓘ | 15.6 | 17.2 | 20.1 | 30.4 | 51.7 | 68.2 | 127.7 |
| Adj Net Profit ⓘ | 6.6 | 3.3 | 9.1 | 25.2 | 30.2 | 45.7 | 68 |
| Cash Flow from Ops. ⓘ | 7 | 13.6 | -15.5 | 0.5 | 12.4 | 94.9 | - |
| Debt/CF from Ops. ⓘ | 19.9 | 11.1 | -12.3 | 488.3 | 16.8 | 2.1 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 24.6% | 27.8% | 49.8% | ||||
| Adj EPS ⓘ | NA | 33.5% | 45.4% | 38.6% | ||||
| BVPSⓘ | NA | 34.4% | 50.2% | 31.9% | ||||
| Share Price | - | - | 29.2% | 97.4% | ||||
Key Financial Parameters ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 12.9 | 6.1 | 14.9 | 29.3 | 16.9 | 14.7 | 8.2 |
| Op. Profit Mgn % ⓘ | 8.3 | 5.5 | 6.5 | 9.6 | 8.4 | 9.7 | 10.5 |
| Net Profit Mgn % ⓘ | 2.2 | 0.9 | 2.1 | 5.3 | 5.1 | 5.1 | 6 |
| Debt to Equity ⓘ | 2.7 | 2.7 | 2.9 | 2.2 | 0.8 | 0.5 | - |
| Working Cap Days ⓘ | 0 | 203 | 191 | 207 | 195 | 159 | 136 |
| Cash Conv. Cycle ⓘ | 0 | 138 | 129 | 148 | 144 | 96 | 54 |
Valuation of Ratnaveer Precision - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
No data found!
No data found!
No data found!
No data found!
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Ratnaveer Precision Engineering Ltd FAQs
The current trading price of Ratnaveer Precision on 11-Sep-2026 16:59 is ₹288.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of Ratnaveer Precision stood at ₹2,608 Cr
The latest P/E ratio of Ratnaveer Precision as of 10-Sep-2026 is 38.58.
The latest P/B ratio of Ratnaveer Precision as of 10-Sep-2026 is 2.43.
The 52-week high of Ratnaveer Precision is ₹315.5 and the 52-week low is ₹129.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ratnaveer Precision is ₹1,119 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ratnaveer Precision Engineering Ltd is a below average quality company.
The key valuation ratios of Ratnaveer Precision Engineering Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Ratnaveer Precision Engineering Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About Ratnaveer Precision Engineering Ltd
Ratnaveer Precision Engineering was incorporated under the provisions of the Companies Act, 1956 as ‘Ratnaveer Stainless Products Private Limited’ on February 20, 2002, as a private limited company vide Certificate of Incorporation issued by Registrar of Companies, Dadra & Nagar Haveli, Gujarat. Subsequently the name of the company was changed to ‘Ratnaveer Metals Private Limited’ vide Special Resolution passed by the shareholders of the company at their Extra-Ordinary General Meeting held on May 28, 2018, and a fresh Certificate of Incorporation was granted by the Registrar of Companies on May 30, 2018. Pursuant to the conversion of the company into a public limited company and the name was changed to ‘Ratnaveer Metals Limited’ vide Special Resolution passed by the shareholders of the company at the Annual General Meeting held on September 27, 2018 and a fresh Certificate of Incorporation dated October 11, 2018 was issued by the Registrar of Companies. Further, the name of the company was changed to ‘Ratnaveer Precision Engineering Limited’ vide Special Resolution passed by the shareholders of the company at their Extra-Ordinary General Meeting held on October 12, 2022, and a fresh Certificate of Incorporation was granted by the Registrar of Companies on November 01, 2022.
Ratnaveer Precision Engineering is a stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. Stainless steel is a value-added product with high corrosion resistant properties. Higher levels of chromium and additions of other alloy elements enhance the corrosion resistance. Compared to traditional steel, stainless-steel has higher resistance to corrosion, superior aesthetic finish and higher life span. These features have helped in increasing the popularity of stainless-steel across the world. Globally, cold rolled flat products are the largest produced stainless-steel product in the world, followed by hot rolled coils, and steel wire rods & bars.
Its products find application across various industries including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electro mechanics, architecture, building & construction, electrical appliances, transportation, kitchen appliances, chimney liners, etc. Its products are used in both commercial and residential sector and are sold within India and overseas. It is focused at consistently expanding its product portfolio by developing new designs. It constantly engages with its customers through marketing via personal interactions with them. Its sales team works closely with its customers to obtain their insights and feedback about the upcoming trends in the industry which enables it to develop and improve its products to fulfil the requirements of the market.
Business area of the company
The company is engaged in the manufacturing and selling of diverse range of stainless steel products. Its products find application across various industries including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electro mechanics, architecture, building & construction, electrical appliances, transportation, kitchen appliances, chimney liners, etc.
Products of the company
- SS finishing sheets
- SS washers
- SS solar roofing hooks
- SS tubes & pipes
- SS scrap metals
Awards, accreditation & recognitions
- 2006: The Company received Star Performer Award in Metal fasteners, Springs and Allied Articles from Engineering Export Promotion Council on March 25, 2006.
- 2007: The Company received Star Performer Award in Metal fasteners, Springs and Allied Articles from Engineering Export Promotion Council on March 24, 2007.
- 2007: The company received Star Performer Award in Metal fasteners, Springs and Allied Articles from Engineering Export Promotion Council on June 01, 2007.
- 2008: The Company received SME Award-Second Runner Up from Dun & Bradstreet on September 30, 2008.
- 2008: The Company received Star Performer Award in Metal fasteners, Springs and Allied Articles from Engineering Export Promotion Council on August 09, 2008.
- 2008: The Company received Certificate of Merit - Export Promotion and Performance from Federation of Gujarat Industries on March 30, 2008.
- 2008-2009: The Company received Star Performer Award in Metal fasteners, Springs and Allied Articles from Engineering Export Promotion Council.
- 2012: The Company received Star Performer Award in Metal fasteners, Springs and Allied Articles from Engineering Export Promotion Council on June 27, 2012.
- 2011-12: The Company received Star Performer Award in Metal fasteners, Springs and Allied Articles from Engineering Export Promotion Council.
- 2012-13: The Company received Star Performer Award in Metal fasteners, Springs and Allied Articles from Engineering Export Promotion Council.
- 2013: The Company received The Work Place Excellence 2013 from Marsh & Mclennan.
- 2015: The Company received Star Performer Award in Metal fasteners, Springs and Allied Articles from Engineering Export Promotion Council on September 03, 2015.
- 2016: The Company received Star Performer Award in Metal fasteners, Springs and Allied Articles from Engineering Export Promotion Council on December 13, 2016.
- 2017: The Company received Star Performer Award in Metal fasteners, Springs and Allied Articles from Engineering Export Promotion Council on March 17, 2017.
- 2018: The Company received Star Performer Award in Metal fasteners, Springs and Allied Articles from Engineering Export Promotion Council on May 31, 2018.
- 2019: The Company received ISO 45001:2018 Certification from TUV India Private Limited.
- 2019: The Company received ISO 14001:2015 Certification from TUV India Private Limited.
- 2019: The Company received ISO 9001:2015 Certification from TUV India Private Limited.
- 2025: Ratnaveer Precision Engineering has received the Export Excellence Award at the 55th Export Awards (National), held on June 21, 2025, recognizing outstanding achievement in the hardware exports sector by EEPC India.
- 2025: Ratnaveer Precision Engineering Limited received the Star Performer Award for Export Excellence at EEPC India’s 40th Regional Awards (Western Region).
History and milestones
- 2002: Incorporation of the company and started the production for SS washers from Unit-I.
- 2009: Commenced operations from the melting unit (Unit-III) at Waghodia, Vadodara.
- 2010-11: Commencement of production of finishing line sheets at Unit I.
- 2013: Crossed annual turnover of Rs 200 crore.
- 2016: Unit-II taken on sub-lease basis for production of SS Tubes and Pipes.
- 2017-18: Started production for SS tubes & pipes at Unit-II.
- 2021: Crossed turnover of Rs 350 crore.
- 2022: It achieved a growth exceeding 50% in its export turnover compared to the export turnover recorded in FY 2021.
- 2023: Crossed turnover of Rs 450 crore.
- 2023: Ratnaveer Precision Engineering became the first company to make a T+3 listing on NSE. The company’s IPO got subscribed 93.99 times.
- 2024: Crossed the Annual Turnover of Rs 800 crore and achieve the desired Turnover and the Company began production of wire.
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