Ratnaveer Precision ENG L
NSE: RATNAVEER · Iron & Steel Products · sector
₹332.60NSE close 2026-10-26
Key numbers
Market cap₹1,867 cr
Price₹332.60
52w high / low₹359 / ₹130
P/E28.4xSector median 15.5x
P/B2.8xSector median 1.7x
Book value₹119.2
Dividend yield–Sector median 0.60%
ROE13.0%Sector median 11.1%
ROCE10.3%Sector median 11.9%
OPM10.5%Sector median 6.7%
Debt / equity0.50xSector median 0.21x
EV/EBITDA16.5xSector median 11.8x
Interest cover4.4x
Current ratio1.71x
Sales growth 3y–Sector median +2.1%
Profit growth 3y–Sector median +13.0%
PEG0.76x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 118 companies in Iron & Steel Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹269 cr vs borrowings ₹335 cr (FY26): borrowings are higher by ₹66 cr.
- Operating profit covered interest 4.4x in the last 12 months.
- Promoter holding fell by 12.01 percentage points in a year, to 38.71% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 3 years (FY26, FY24).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 19% of net profit in the last 12 months.
- Debtor days went from 27 (FY24) to 60 (FY26).
- No dividend in the last 3 financial years.
- Price ₹332.60 on 2026-10-26: -7.3% from the 52-week high, +154.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹345.45 · low ₹126.79
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 230 | 255 | 203 | 265 | 286 | 269 | 249 | 315 |
| EBITDA | 24 | 21 | 17 | 27 | 28 | 29 | 28 | 32 |
| OPM % | 10.6% | 8.1% | 8.2% | 10.2% | 9.9% | 10.6% | 11.4% | 10.2% |
| Other income | 1 | 0 | 2 | 0 | 2 | 0 | 7 | 4 |
| Net profit | 12 | 11 | 11 | 15 | 15 | 17 | 17 | 18 |
| EPS (₹) | 2.44 | 2.24 | 2.13 | 2.97 | 3.07 | 3.11 | 2.94 | 2.61 |
| Revenue YoY | +24.3% | +5.8% | +22.6% | +18.9% | ||||
| Profit YoY | +25.7% | +49.3% | +59.0% | +22.0% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|
| Revenue | 595 | 892 | 1,069 | 1,119 |
| EBITDA | 50 | 86 | 112 | 117 |
| Net profit | 31 | 47 | 64 | 68 |
| EPS (₹) | 7.61 | 9.31 | 11.11 | 11.73 |
| Revenue growth | +49.8% | +19.8% | +17.5% | |
| Profit growth | +50.8% | +37.4% | +37.2% | |
| Dividend / share (₹) | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | – | – | +17.5% |
| Net profit | – | – | +37.2% |
| EPS | – | – | – |
| Share price | – | +34.1% (2y) | +121.5% |
Balance sheet
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Shareholders' equity | 252 | 371 | 669 |
| Borrowings | 207 | 195 | 335 |
| Cash & equivalents | 60 | 66 | 269 |
| Total assets | 516 | 746 | 1,262 |
| Fixed assets | 40 | 186 | 242 |
| Capital work in progress | 45 | 54 | 82 |
| Investments | 0 | 0 | 0 |
| Receivables | 45 | 66 | 175 |
| Inventory | 245 | 293 | 289 |
| Payables | 44 | 121 | 222 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Cash from operations | 12 | 95 | -48 |
| Cash from investing | -63 | -136 | -103 |
| Cash from financing | 80 | 47 | 354 |
| Capex | 66 | 138 | 114 |
| Free cash flow | -54 | -43 | -163 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| ROE % | 12.3% | 12.6% | 9.6% |
| ROCE % | 11.1% | 13.0% | 9.6% |
| Debtor days | 27 | 27 | 60 |
| Inventory days | 175 | 142 | 118 |
| Payable days | 31 | 58 | 91 |
| Cash conversion cycle (days) | 171 | 111 | 87 |
| Working capital days | 103 | 78 | 131 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 38.71% |
| FIIs | 3.25% |
| DIIs | 1.15% |
| Public (non-institutions) | 56.88% |
| Quarter | Dec 2025 | Dec 2025 | Feb 2026 | Mar 2026 | May 2026 | Jun 2026 | Sep 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 42.63% | 42.63% | 42.63% | 42.74% | 45.49% | 45.49% | 38.71% | 38.71% |
| Promoter group | % |
|---|---|
| Vijay Ramanlal Sanghavi | 36.50% |
| Seema Vijay Sanghavi | 2.21% |
| Alpesh Champalal Jain | 0.00% |
| Sanghavi Briyanshi | 0.00% |
| Sanghavi Rinshi | 0.00% |
| Sureshkumar Ramanlal Sanghvi | 0.00% |
| Vimla Devi Mehta | 0.00% |
| Manjulaben Kantilal Bhansali | 0.00% |
| Chandra Motilal Doshi | 0.00% |
| Naynaben Uttamchand Jain | 0.00% |
| Sobha Dinesh Mehta | 0.00% |
| Sangeeta Mukesh Mehta | 0.00% |
| Vijay Sanghavi (HUF) (Vijay Sanghavi) | 0.00% |
| Jain Champalal Kaluchand | 0.00% |
| Havidevi Champalal Jain | 0.00% |
| Public holders above 1% | % |
|---|---|
| Thakkar Nileshkumar Farshuram (HUF) | 3.17% |
| Chungath Karunakaran Padma Kumar | 2.68% |
| Arthkumbh Ventures LLP | 2.57% |
| Unitbhai Shantilal Mehta | 2.14% |
| Jainam Broking Limited | 1.49% |
| Gitaben Bharatbhai Shah | 1.25% |
| Trade Delta LLP | 1.20% |
| Saint Capital Fund | 1.14% |
62,461 shareholders. Pledged: – of promoter shares.
Peers in Iron & Steel Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| WELCORP | ₹61,798 cr | 26.7x | 6.8x | 27.8% | 19.2% | 13.9% | +19.8% | 0.21% |
| APLAPOLLO | ₹57,703 cr | 46.9x | 10.9x | 25.9% | 30.1% | 8.0% | +12.6% | 0.28% |
| SHYAMMETL | ₹31,351 cr | 28.0x | 2.7x | 7.8% | 14.2% | 12.9% | +13.7% | 0.36% |
| RATNAMANI | ₹16,345 cr | 37.8x | 4.0x | 11.2% | 15.7% | 16.7% | +0.1% | 0.60% |
| JINDALSAW | ₹14,824 cr | 26.9x | 1.2x | 4.4% | 7.2% | 9.5% | +0.1% | 0.86% |
| USHAMART | ₹14,192 cr | 27.9x | 4.3x | 16.8% | 20.1% | 19.6% | +4.1% | 0.64% |
| GALLANTT | ₹12,989 cr | 31.9x | 3.7x | 12.4% | 14.2% | 13.8% | +3.1% | 0.08% |
| GPIL | ₹11,769 cr | 14.6x | 2.0x | 15.1% | 18.7% | 21.4% | -2.2% | 0.54% |
| JAYNECOIND | ₹8,607 cr | 12.5x | 2.6x | 23.4% | 25.6% | 18.9% | +4.0% | – |
| RATNAVEER | ₹1,867 cr | 28.4x | 2.8x | 13.0% | 10.3% | 10.5% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Domestic | ₹1,013 cr | 94.8% | ₹96 cr | 9.5% |
| Outside India | ₹56 cr | 5.2% | ₹0 cr | 0.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-25 | Rights | Rights 7:40 @ Premium Rs 254/- |
| 2024-07-16 | Other | Extra Ordinary General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Industrials |
| Industry | Iron & Steel Products |
| Sub-industry | Iron & Steel Products |
| Symbol | RATNAVEER |
| BSE code | 543978 |
| ISIN | INE05CZ01011 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.