Ratnaveer Precision Engineering Ltd. (IN:RATNAVEER)
:RATNAVEER
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Ratnaveer Precision Engineering Ltd.
(RATNAVEER)
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Rating:65Neutral
Price Target:
₹194.00
▲(26.71% Upside)
Action:Downgraded
Date:05/15/26
The score is held back primarily by weak cash-flow quality and consistency (negative operating cash flow in 2026 and largely negative free cash flow), despite strong revenue growth and a substantially improved balance sheet. Technicals are constructive with a multi-timeframe uptrend and positive momentum, while valuation appears reasonable with a modest P/E.
Positive Factors
Sustained revenue scaling
The company grew revenue nearly threefold over five years, showing durable demand expansion and ability to scale sales and operations. Consistent top-line expansion supports market-share gains, higher fixed-cost absorption, and a stronger foundation for long-term earnings growth if margins hold.
Negative Factors
Weak cash-flow quality
Negative operating cash flow in 2026 and recurring negative FCF indicate earnings are not reliably converting to cash. Persistent working-capital build or heavy reinvestment reduces liquidity, increases dependence on external funding, and undermines resilience in industry downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue scaling
The company grew revenue nearly threefold over five years, showing durable demand expansion and ability to scale sales and operations. Consistent top-line expansion supports market-share gains, higher fixed-cost absorption, and a stronger foundation for long-term earnings growth if margins hold.
Read all positive factors
Ratnaveer Precision Engineering Ltd. (RATNAVEER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹11.15B
Dividend YieldN/A
Average Volume (3M)32.43K
Price to Earnings (P/E)14.8
Beta (1Y)1.49
Revenue Growth19.83%
EPS Growth28.45%
CountryIN
Employees137
SectorIndustrials
Sector Strength72
IndustrySteel
Share Statistics
EPS (TTM)10.41
Shares Outstanding67,870,460
10 Day Avg. Volume14,152
30 Day Avg. Volume32,434
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)18.5
Revenue Forecast (FY)₹11.46B
Ratnaveer Precision Engineering Ltd. Business Overview & Revenue Model
Company Description
Ratnaveer Precision Engineering Limited engages in the manufacture, export, and supply of stainless-steel products for commercial and residential sector in India and internationally. It produces finished sheets, washers, solar roofing hooks, and p...
How the Company Makes Money
Ratnaveer Precision Engineering primarily makes money by selling stainless-steel finished and value-added SS products to customers (typically on a per-unit/tonnage basis), with revenue driven by (1) trading/manufacturing-linked sales of SS sheets/...
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 | 10.08B | 10.69B | 8.96B | 5.95B | 4.80B | 4.27B |
| Gross Profit | 1.52B | 1.38B | 1.41B | 761.22M | 869.13M | 627.33M |
| EBITDA | 900.79M | 1.12B | 904.23M | 546.96M | 458.90M | 269.99M |
| Net Income | 524.00M | 643.05M | 468.15M | 310.50M | 250.44M | 94.76M |
Balance Sheet | ||||||
| Total Assets | 9.32B | 12.62B | 7.46B | 5.16B | 3.89B | 3.09B |
| Cash, Cash Equivalents and Short-Term Investments | 703.13M | 2.69B | 658.60M | 34.94M | 2.35M | 2.00M |
| Total Debt | 2.14B | 3.35B | 1.95B | 2.07B | 2.29B | 1.91B |
| Total Liabilities | 5.10B | 5.92B | 3.75B | 2.64B | 2.83B | 2.43B |
| Stockholders Equity | 4.23B | 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
Neutral
153.10
Price Trends
158.12
Positive
153.77
Positive
152.57
Positive
Market Momentum
4.03
Positive
44.47
Neutral
6.70
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RATNAVEER, the sentiment is Neutral. The current price of 153.1 is below the 20-day moving average (MA) of 176.90, below the 50-day MA of 158.12, and above the 200-day MA of 152.57, indicating a neutral trend. The MACD of 4.03 indicates Positive momentum. The RSI at 44.47 is Neutral, neither overbought nor oversold. The STOCH value of 6.70 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:RATNAVEER.
Ratnaveer Precision Engineering Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹157.93B | 16.18 | ― | 1.18% | -14.08% | -44.02% | |
68 Neutral | ₹28.96B | 28.24 | ― | 0.08% | 21.73% | 8.46% | |
65 Neutral | ₹11.15B | 14.79 | ― | ― | 19.83% | 28.45% | |
65 Neutral | ₹179.89B | 37.06 | ― | 0.60% | -13.35% | -11.28% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | ₹17.62B | 22.51 | ― | 0.03% | 36.92% | -9.90% | |
47 Neutral | ₹7.28B | 19.43 | ― | ― | ― | ― |
* Industrials Sector Average
IN:RATNAVEER
Ratnaveer Precision Engineering Ltd.
164.25
10.75
7.00%
IN:HITECH
Hi-Tech Pipes Ltd.
86.75
-8.86
-9.27%
IN:JINDALSAW
Jindal Saw Limited
246.95
36.41
17.30%
IN:RATNAMANI
Ratnamani Metals & Tubes Ltd.
2,566.55
-227.23
-8.13%
IN:VENUSPIPES
Venus Pipes & Tubes Ltd.
1,398.05
-44.01
-3.05%
IN:SCODATUBES
Scoda Tubes Ltd.
121.55
-32.70
-21.20%
Ratnaveer Precision Engineering Ltd. Corporate Events
Ratnaveer Precision Engineering Names Kashyap Shah as Independent Director to Strengthen Governance
May 12, 2026
Ratnaveer Precision Engineering Ltd. has appointed Kashyap Shah as an additional non-executive independent director, effective May 12, 2026, for a first term of five consecutive years, subject to shareholder approval by special resolution within t...
Ratnaveer Precision Engineering Publishes FY26 Results Presentation
May 12, 2026
Ratnaveer Precision Engineering Ltd. has released a presentation covering its financial results for the year ended 31 March 2026, making the document available to investors through stock exchange filings and on its corporate website. The disclosur...
Ratnaveer Precision Engineering Schedules Investor Earnings Call for 14 May 2026
May 9, 2026
Ratnaveer Precision Engineering Ltd. has scheduled a group investor meeting and earnings call on 14 May 2026 at 4:00 p.m. IST, providing a formal platform for investors to engage with senior management on the company’s financial performance ...
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.