Ratnaveer Precision Engineering Ltd
Ratnaveer Precision Engineering is engaged in the manufacturing and selling of diverse range of SS products.
- Market Cap ₹ 673 Cr.
- Current Price ₹ 139
- High / Low ₹ 154 / 109
- Stock P/E 19.4
- Book Value ₹ 49.0
- Dividend Yield 0.00 %
- ROCE 14.5 %
- ROE 29.1 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.83 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Debtor days have increased from 38.8 to 48.2 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Steel Industry: Steel - Medium / Small
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|
| 297 | 360 | 427 | 480 | 604 | |
| 272 | 340 | 399 | 434 | 545 | |
| Operating Profit | 25 | 20 | 28 | 46 | 60 |
| OPM % | 8% | 6% | 6% | 10% | 10% |
| 2 | 4 | 2 | 1 | 3 | |
| Interest | 14 | 12 | 12 | 12 | 13 |
| Depreciation | 2 | 3 | 4 | 4 | 5 |
| Profit before tax | 10 | 10 | 13 | 31 | 45 |
| Tax % | 30% | 43% | 30% | 18% | |
| 7 | 5 | 9 | 25 | 35 | |
| EPS in Rs | 17.70 | 13.42 | 23.31 | 7.22 | 8.57 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 51% |
| TTM: | 164% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| Last Year: | 29% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 35 | 49 |
| Reserves | 47 | 52 | 62 | 71 | 189 |
| Preference Capital | 1 | 1 | 1 | 1 | |
| 139 | 150 | 190 | 229 | 185 | |
| 53 | 50 | 53 | 54 | 43 | |
| Total Liabilities | 242 | 256 | 309 | 389 | 466 |
| 22 | 32 | 41 | 50 | 44 | |
| CWIP | 4 | 3 | 4 | 9 | 21 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 217 | 221 | 264 | 330 | 401 | |
| Total Assets | 242 | 256 | 309 | 389 | 466 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 7 | 14 | -16 | -14 | |
| -9 | -11 | -12 | -17 | |
| 5 | -2 | 28 | 42 | |
| Net Cash Flow | 3 | 1 | 1 | 11 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Debtor Days | 79 | 34 | 34 | 48 |
| Inventory Days | 175 | 162 | 176 | 191 |
| Days Payable | 55 | 43 | 42 | 35 |
| Cash Conversion Cycle | 198 | 153 | 168 | 205 |
| Working Capital Days | 177 | 153 | 164 | 189 |
| ROCE % | 11% | 11% | 14% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 22 Apr
- Compliance Certificate Under Regulation 7(3) Of SEBI(LODR) 2015 For The Year Ended 31St March, 2024 19 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 11 Apr
-
Compliance Certificate Under Regulation 40(9) Of SEBI LODR 2015
11 Apr - Submission of Certificate under regulation 40(9) and (10) of SEBI (LODR) 2015 for the Financial Year ended on March 2024
- Submission Of Certificate Under Regulation 40(9) And (10) Of SEBI (LODR) Regulations, 2015 10 Apr
About[1]
Ratnaveer Precision Engineering Limited (RPEL) manufactures stainless steel products in Vadodara (Gujarat). RPEL is promoted by Mr. Ramanand Sanghvi and currently managed by Mr. Vijay Sanghvi and family. The Company manufactures stainless steel washers, solar
mounting hooks, finishing sheets and SS tubes & pipes products, which find application in
elevators, doors and home appliances. The company produce 2500+ washers in
different sizes and international standards.