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Ratnaveer Precision Engineering Ltd.
(RATNAVEER)
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Rating:62Neutral
Price Target:
₹329.00
▲(114.89% Upside)
Action:Reiterated
Date:08/26/26
The score is primarily held back by weak cash flow quality and consistency despite improved earnings and a de-risked balance sheet. Technicals are strong with a clear uptrend, but momentum indicators are very stretched. Valuation is moderate-to-demanding at ~23x earnings without dividend support.
Positive Factors
Revenue Expansion
Strong multi-year revenue scaling indicates expanding business activity and customer demand across the company’s stainless-steel product portfolio. Continued growth can improve operating leverage, support capacity utilization, and strengthen the platform for further value-added processing over the next several quarters.
Negative Factors
Weak Cash Conversion
Negative operating and free cash flow despite reported earnings indicates that profits are not consistently converting into cash. This can constrain self-funded growth, increase reliance on financing or working-capital management, and reduce flexibility during weaker conditions in the steel-linked business.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Expansion
Strong multi-year revenue scaling indicates expanding business activity and customer demand across the company’s stainless-steel product portfolio. Continued growth can improve operating leverage, support capacity utilization, and strengthen the platform for further value-added processing over the next several quarters.
Read all positive factors
Ratnaveer Precision Engineering Ltd. (RATNAVEER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹23.05B
Dividend YieldN/A
Average Volume (3M)332.68K
Price to Earnings (P/E)24.7
Beta (1Y)1.40
Revenue Growth17.48%
EPS Growth17.79%
CountryIN
Employees137
SectorGeneral
Sector StrengthN/A
IndustrySteel
Share Statistics
EPS (TTM)11.67
Shares Outstanding79,894,400
10 Day Avg. Volume159,238
30 Day Avg. Volume332,682
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)1.13
Price to Sales (P/S)0.71
P/FCF Ratio-4.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)18.42
Revenue Forecast (FY)₹11.46B
Ratnaveer Precision Engineering Ltd. Business Overview & Revenue Model
Company Description
Ratnaveer Precision Engineering Limited specializes in the manufacturing, export, and supply of stainless-steel products. These products cater to both commercial and residential sectors, reaching markets in India and worldwide. Their diverse produ...
How the Company Makes Money
Ratnaveer Precision Engineering Ltd. primarily makes money by selling stainless-steel products and related value-added processing services. Revenue is generated through (a) sale of stainless-steel flat/long products (finished and semi-finished for...
Ratnaveer Precision Engineering Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.19B | 10.69B | 8.96B | 5.95B | 4.80B | 4.27B |
| Gross Profit | 1.57B | 1.38B | 1.41B | 761.22M | 869.13M | 627.33M |
| EBITDA | 1.27B | 1.22B | 904.23M | 546.96M | 458.90M | 269.99M |
| Net Income | 675.96M | 643.05M | 468.15M | 310.50M | 250.44M | 94.76M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 12.62B | 7.46B | 5.16B | 3.89B | 3.09B |
| Cash, Cash Equivalents and Short-Term Investments | 915.61M | 2.69B | 658.60M | 34.94M | 2.35M | 2.00M |
| Total Debt | 0.00 | 3.35B | 1.95B | 2.07B | 2.29B | 1.91B |
| Total Liabilities | -6.69B | 5.92B | 3.75B | 2.64B | 2.83B | 2.43B |
| Stockholders Equity | 6.69B | 6.69B | 3.71B | 2.52B | 1.06B | 659.74M |
Cash Flow | ||||||
| Free Cash Flow | -299.06M | -1.79B | -431.91M | -536.56M | -179.90M | -282.94M |
| Operating Cash Flow | -21.56M | -646.74M | 949.28M | 123.50M | 4.71M | -155.09M |
| Investing Cash Flow | -269.14M | -1.07B | -1.36B | -633.64M | -170.33M | -116.10M |
| Financing Cash Flow | 332.41M | 3.75B | 471.64M | 801.85M | 272.40M | 280.44M |
Ratnaveer Precision Engineering Ltd. Technical Analysis
Positive
153.10
Price Trends
227.11
Positive
199.59
Positive
174.44
Positive
Market Momentum
21.94
Positive
59.28
Neutral
37.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RATNAVEER, the sentiment is Positive. The current price of 153.1 is below the 20-day moving average (MA) of 283.02, below the 50-day MA of 227.11, and below the 200-day MA of 174.44, indicating a bullish trend. The MACD of 21.94 indicates Positive momentum. The RSI at 59.28 is Neutral, neither overbought nor oversold. The STOCH value of 37.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RATNAVEER.
Ratnaveer Precision Engineering Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹199.43B | 30.46 | ― | 0.64% | -8.57% | -62.05% | |
65 Neutral | ₹196.83B | 45.52 | ― | 0.36% | -16.30% | -24.14% | |
63 Neutral | ₹41.84B | 40.22 | ― | 0.07% | 21.73% | 13.47% | |
62 Neutral | ₹23.05B | 24.70 | ― | ― | 17.48% | 17.79% | |
58 Neutral | ₹15.51B | 20.48 | ― | 0.03% | 61.15% | -9.11% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹7.76B | 20.84 | ― | ― | ― | ― |
* General Sector Average
IN:RATNAVEER
Ratnaveer Precision Engineering Ltd.
288.50
142.71
97.89%
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IN:RATNAMANI
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2,808.15
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IN:SCODATUBES
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Ratnaveer Precision Engineering Ltd. Corporate Events
Ratnaveer Precision Engineering Publishes AGM and E-Voting Notices
Sep 4, 2026
Ratnaveer Precision Engineering Ltd. has notified the stock exchanges that it has published newspaper advertisements about the dispatch of the notice for its 24th Annual General Meeting. The company also disclosed that information on remote e-voti...
Ratnaveer Precision Engineering to Raise Rs 330 Crore via Rights Issue
Aug 20, 2026
Ratnaveer Precision Engineering Ltd. has approved a rights issue of 12,499,669 equity shares at an issue price of Rs. 264 per share, including a premium, to existing shareholders. The offer will be made in the ratio of seven new shares for every 4...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.