Ratnaveer Precision Engineering Ltd

Ratnaveer Precision Engineering Ltd

₹ 173 -2.04%
03 Jul 2:38 p.m.
About

Incorporated in 2000, Ratnaveer Precision Engineering Ltd manufactures and sells a diverse range of SS products[1]

Key Points

Market Leadership:[1][2]
The company is an ISO 9001-certified manufacturer and the largest producer of stainless-steel washers in India. It also holds the leading position as India's largest exporter of stainless-steel washers.

  • Market Cap 1,238 Cr.
  • Current Price 173
  • High / Low 197 / 130
  • Stock P/E 19.3
  • Book Value 98.4
  • Dividend Yield 0.00 %
  • ROCE 12.3 %
  • ROE 12.4 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 63.8% CAGR over last 5 years
  • Promoter holding has increased by 2.86% over last quarter.
  • Company's working capital requirements have reduced from 52.1 days to 39.5 days

Cons

  • 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 38.0 to 59.6 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
151 118 142 193 142 204 230 255 203 265 286 269 249
137 103 129 175 138 180 206 234 186 238 258 241 221
Operating Profit 14 15 13 18 4 25 24 21 17 27 28 29 28
OPM % 9% 12% 9% 9% 3% 12% 11% 8% 8% 10% 10% 11% 11%
1 1 1 1 5 1 1 0 2 0 2 0 7
Interest 3 3 3 3 2 5 4 4 0 3 4 5 8
Depreciation 1 1 1 2 2 3 3 4 7 6 6 6 7
Profit before tax 11 11 9 13 6 17 18 13 12 18 20 17 21
Tax % 17% 23% 15% 31% -1% 28% 32% 14% 9% 17% 23% 2% 18%
9 8 8 9 6 13 12 11 11 15 15 17 17
EPS in Rs 2.64 2.37 1.65 1.91 1.16 2.58 2.31 2.13 2.02 2.82 2.91 2.49 2.50
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
297 360 427 480 595 892 1,069
272 340 399 434 545 805 957
Operating Profit 25 20 28 46 50 86 112
OPM % 8% 6% 6% 10% 8% 10% 10%
2 4 2 1 7 4 10
Interest 14 12 12 12 12 13 20
Depreciation 2 3 4 4 6 17 25
Profit before tax 10 10 13 31 39 61 76
Tax % 30% 43% 30% 18% 21% 23% 15%
7 5 9 25 31 47 64
EPS in Rs 17.70 13.42 23.31 7.22 6.40 8.83 9.46
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 24%
3 Years: 31%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: 64%
3 Years: 37%
TTM: 37%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 14%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 14%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 4 4 4 35 49 53 68
Reserves 47 52 62 71 203 318 601
140 151 191 230 207 195 335
52 49 52 53 57 180 257
Total Liabilities 242 256 309 389 516 746 1,262
22 32 41 50 74 186 242
CWIP 4 3 4 9 45 54 82
Investments 0 0 0 0 0 0 0
217 221 264 330 397 506 937
Total Assets 242 256 309 389 516 746 1,262

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
7 14 -16 0 12 95 -48
-9 -11 -12 -17 -63 -136 -103
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/OP 39% 84% -46% 10% 39% 117% -39%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 51 39
ROCE % 11% 11% 14% 13% 14% 12%

Insights

In beta
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Installed Capacity
MTPA

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Total Production Volume
MT
Capacity Utilization
%
Number of SKUs
count
Number of Countries Exported
count
Number of Employees
count
Number of Clients
count
Number of Distribution Partners
count
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

83 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026May 2026
55.48% 55.48% 55.48% 55.48% 50.72% 50.72% 50.72% 50.72% 50.72% 42.63% 42.74% 45.49%
10.47% 3.82% 0.15% 1.19% 0.73% 2.38% 1.84% 1.23% 1.32% 8.35% 7.28% 6.93%
0.01% 0.01% 0.01% 0.01% 0.39% 0.27% 0.23% 0.00% 0.10% 2.57% 2.54% 2.42%
34.05% 40.70% 44.38% 43.32% 48.17% 46.63% 47.21% 48.05% 47.87% 46.45% 47.44% 45.16%
No. of Shareholders 41,22942,40044,74544,40454,88753,82954,26154,28353,50855,05854,47754,477

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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