MarketFriction

Ratnaveer Precision Engineering Ltd

NSE RATNAVEER · BSE 543978 · Iron & Steel Products
₹345.45 +4.44%
NSE close2026-10-01
52 week range130.50 - 344.40
Market cap₹2,789 Cr.
P/E41.3
IPO 2023 · +252% since Price band 20% Delivery 19.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales142193142204230255203265286269249315
Expenses129175138180206234186238258241221282
Operating Profit13184252421172728292832
OPM %9%9%3.2%12%11%8%8%10%10%11%11%10%
Other Income115110202074
Interest332544034587
Depreciation122334766677
Profit before tax9136171813121820172122
Tax %15%31%-1%28%32%14%9%17%23%2%18%17%
Net Profit896131211111515171718
EPS in Rs1.401.620.982.191.971.821.722.402.482.122.132.17
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2973604274805958921,0691,119
Expenses2723403994345458059571,001
Operating Profit252028465086112117
OPM %8%6%6%10%8%10%10%10%
Other Income2421741013
Interest1412121212132024
Depreciation23446172527
Profit before tax1010133139617680
Tax %30%43%30%18%21%23%15%
Net Profit7592531476468
EPS in Rs15.0011.3819.756.145.457.528.058.90
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%24%31%17%
Compounded Profit Growth%64%37%37%
Stock Price CAGR%%43%107%
Return on Equity%15%14%12%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital44435495368
Reserves47526271203318601
Borrowings140151191230207195335
Other Liabilities5249525357180257
Total Liabilities2422563093895167461,262
Fixed Assets2232415074186242
CWIP4349455482
Investments-0-0-0-0-0-00
Other Assets217221264330397506937
Total Assets2422563093895167461,262
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity714-1601295-48
Cash from Investing Activity-9-11-12-17-63-136-103
Cash from Financing Activity5-228278047354
Net Cash Flow31111296203
Free Cash Flow-31-28-18-54-43-155
CFO/OP39%84%-46%10%39%117%-39%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days79343448272760
Inventory Days175162176191175142118
Days Payable55434235315891
Cash Conversion Cycle19815316820517111087
Working Capital Days41232740664245
ROCE %11%11%14%13%14%12%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters55.48%55.48%55.48%50.72%50.72%50.72%50.72%50.72%42.63%42.74%45.49%38.71%
FIIs3.82%0.15%1.19%0.73%2.38%1.84%1.23%1.32%8.35%7.28%3.53%7.60%
DIIs0.01%0.01%0.01%0.39%0.27%0.23%0.00%0.10%2.57%2.54%2.00%2.00%
Public40.70%44.38%43.32%48.17%46.63%47.21%48.05%47.87%46.45%47.44%48.98%51.69%
No. of Shareholders42,40044,74544,40454,88753,82954,26154,28353,50855,05854,47755,92559,871

Fundamentals

Market Cap₹ 2,789 Cr.
Current Price₹ 331
Stock P/E41.3
Book Value₹ 83.8
ROCE12.3 %
ROE12.4 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)37%
Standalone figures.
Valuation
Market capRs 2,909 Cr
Enterprise valueRs 3,109 Cr
P/E (TTM)43.04x
Price to book27.43x
Price to sales2.60x
EV / EBITDA23.81x
EV / EBIT29.98x
EV / sales2.78x
Price to cash flow6190.09x
Earnings yield2.32%
Profitability
Operating margin (excl. other income)9.51%
Operating margin (incl. other income)9.80%
EBITDA margin11.67%
Pre-tax margin7.14%
Net profit margin6.04%
Net margin, latest quarter5.80%
ROE29.11%
ROCE14.51%
ROA7.18%
ROE, 3-year average18.25%
ROCE, 3-year average12.07%
ROA, 3-year average4.24%
ROIC (approx.)27.66%
Tax rate18.46%
Other income / net worth1.32%
Growth
Sales growth (latest year)12.37%
Profit growth (latest year)164.13%
Sales CAGR, 3 years17.34%
Profit CAGR, 3 years51.51%
Sales growth QoQ26.38%
Profit growth QoQ7.11%
Sales growth YoY (latest quarter)18.90%
Profit growth YoY (latest quarter)22.01%
Per share
EPS (TTM)Rs 8.03
EPS (latest year)Rs 7.17
EPS (latest quarter)Rs 2.17
EPS, 3-year averageRs 14.26
Book value per shareRs 12.59
Sales per shareRs 132.84
Cash flow per shareRs 0.06
Free cash flow per shareRs -18.40
Efficiency
Asset turnover1.23x
Fixed asset turnover9.58x
Inventory turnover2.02x
Inventory days180 days
Debtor days48 days
Debtors turnover7.57x
Creditor days91 days
Cash conversion cycle87 days
Working capital days45 days
Leverage
Total debtRs 230 Cr
Cash and bankRs 30 Cr
Net debtRs 200 Cr
Debt to equity2.17x
Net debt / EBITDA1.53x
Interest coverage4.36x
Current ratio (filing 2026-03-31)1.71x
Quick ratio (filing 2026-03-31)1.18x
Trade payables (filing 2026-03-31)Rs 222 Cr
Owners' fund to total sources27.26%
Debt to assets59.12%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Investing Activity (latest year)Rs -17 Cr
Cash from Financing Activity (latest year)Rs 27 Cr
Net Cash Flow (latest year)Rs 11 Cr
Free cash flow (latest year)Rs -155 Cr
FCFE (approx.: FCF + change in debt)Rs -116 Cr
Cash from ops / profit, 5 years0.24x
Sales to cash flow1020.74x
Statement figures
Net sales (TTM)Rs 1,119 Cr
Net sales (latest year)Rs 480 Cr
Sales (latest quarter)Rs 315 Cr
Operating profit excl. other income (latest year)Rs 46 Cr
Operating profit (latest quarter)Rs 32 Cr
Other income (TTM)Rs 13 Cr
EBITDA (TTM)Rs 131 Cr
PBDT (TTM)Rs 107 Cr
Profit before tax (TTM)Rs 80 Cr
Tax (latest year)Rs 6 Cr
Net profit (TTM)Rs 68 Cr
Net profit (latest year)Rs 25 Cr
Net profit (latest quarter)Rs 18 Cr
Depreciation (TTM)Rs 27 Cr
Depreciation (latest quarter)Rs 7 Cr
Interest (TTM)Rs 24 Cr
Cost of goods sold (latest year)Rs 417 Cr
Total expenditure (latest year)Rs 434 Cr
Total income (latest year)Rs 481 Cr
Share capitalRs 35 Cr
ReservesRs 71 Cr
Shareholders' fundsRs 106 Cr
Total assetsRs 389 Cr
Net blockRs 50 Cr
Capital work in progressRs 9 Cr
ReceivablesRs 63 Cr
InventoryRs 206 Cr
Other liabilitiesRs 53 Cr
Shares outstanding (crore)8.42
Ownership
Promoter holding38.71% (-12.01 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 43.0 is at the 53th percentile of its own 3.2-year range (median 38.1, low 19.1, high 384.6).
P/B 27.43 is at the 84th percentile (median 20.21).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRATNAVEERNifty 50Difference
1 week+6.6%-2.8% +9.4 pts
1 month+18.6%-6.8% +25.4 pts
3 months+99.0%-7.6% +106.7 pts
6 months+163.1%+0.4% +162.7 pts
1 year+111.9%-9.9% +121.8 pts
2 years+66.9%-13.6% +80.5 pts
3 years+201.7%+14.2% +187.5 pts
3 mutual fund schemes hold about ₹2 Cr. Over three months 0 bought more and 3 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Taurus Flexi Cap Fund0.55%2 -90%
Taurus ELSS Tax Saver Fund0.00%0 -100%
Taurus Mid Cap Fund0.00%0 -100%

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was -4% of net profit over the last 3 years
explainReceivables outrunning sales Receivables grew 57% vs sales +12% in 2026
explainShare dilution Share count up 750% in a year, 750% in three
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹315 Cr +18.9% vs Jun 2025. Net profit ₹18 Cr +20.0%.

Activity

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Ex-dateActionFactor
2026-08-25Rights 7:40 @ Premium Rs 254/-
2024-07-16Extra Ordinary General Meeting
DateTypeWhat it says
2026-09-28Shareholder meetingVoting results.
2026-09-26Shareholder meetingProceedings of Annual General Meeting held on September 26, 2026.
2026-09-10Board meeting outcomeOutcome of Board Meeting held on September 10, 2026 regarding allotment of 12499669 Equity Shares of Rs.10/- each at Rs264/- per share on right issue ...
2026-09-03General UpdatesCut of date for the Annual General Meeting and Date of Annual General Meeting.
2026-09-03Shareholder meetingNotice of Annual General Meeting to be held on September 26, 2026
2026-08-26General UpdatesLetter of Offer for Right Issue.
2026-08-26Board meeting outcomeOutcome of Board Meeting held on August 26, 2026 with redpect to approval for schedule of the Right Issue, Approval of Letter of Offer and issue relat...
2026-08-20AppointmentAppointment of Ms Bhadresh K Mehta & Co, Chartered Accountants as Internal Auditor of the company w.e.f. August 20, 2026 for financial year 2026-27.
2026-08-20AppointmentAppointment of Ms Ashish Bhavsar & Associates as Cost Auditors of the company w.e.f. August 20, 2026 for the financial year 2026-27.
2026-08-20AppointmentAppointment of Ms Pankaj R Shah & Associates as Staturory Auditor of the company subject to approval of Share Holder in the ensuing General Meeting.
2026-08-20AppointmentAppointment of Mr Seema Sanghavi as Wholetime Director of the company w.e.f. August 20, 2026 subject to approval of the members of the Company.
2026-08-20Record DateRecord date for the purpose of Rights is 26-Aug-2026.
2026-08-20Rights IssueBoard of Directors at its meeting held on August 20, 2026, has decided to issue 1,24,99,669 equity shares at issue price of Rs. 264 per equity share (...
2026-08-14Monitoring Agency ReportMonitoring Agency Report for the quarter ended 30th June, 2026 in respect of utilization of proceeds of the Qualified Institutional Placement of the ...
2026-08-14Monitoring Agency ReportMonitoring Agency Report for the quarter ended 30th June, 2026 in respect of utilization of proceeds of the Preferential Issue of the Company.
2026-08-10Shareholder meetingVoting results.
2026-07-29UpdatesRevised finacial result after removing typographical error as observed by stock exchange.
2026-07-27Press ReleaseA press release dated July 25, 2026, titled "Press release for the declaration of result for the quarter ended on 30th June 2026.".
2026-07-27General UpdatesPpt presentation on financial result for the quarter ended on 30th June 2026.
2026-07-24Board meeting outcomeRatnaveer Precision Engineering Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-17General UpdatesGeneral Updates on obtaining of inprinciple approval for proposed right issue.
2026-07-09Shareholder meetingNotice of Postal Ballot
2026-06-24Concall / analyst meetOutcome of Meeting
2026-06-20Concall / analyst meetOutcome of Analysts/Institutional Investor Meet.
2026-06-18Concall / analyst meetSchedule of meet
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 50perc in previous 3 monthsClose to Close price movement greater than 90perc in previous 3 monthsHigh low price variation greater than 75perc in previous 3 months
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03