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Swing Capital

Ratnaveer Precision Engineering Ltd

NSE: RATNAVEER BSE: 543978

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

₹182
52W: ₹130 — ₹193
PE 19.3 · Book ₹98.4 · +85% vs book
Market Cap₹1,239 Cr
Stock P/E19.3Price to Earnings
ROCE12.3%Return on Capital
ROE12.4%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company has delivered good profit growth of 63.8% CAGR over last 5 years
  • +Company's working capital requirements have reduced from 52.1 days to 39.5 days

Weaknesses

  • −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.

Shareholding Pattern

Promoters45.49%
FIIs6.93%
DIIs2.42%
Public45.17%
CategorySep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026May 2026
Promoters50.72%50.72%50.72%50.72%50.72%42.63%▼8.142.74%▲0.145.49%▲2.8
FIIs0.73%2.38%▲1.61.84%▼0.51.23%▼0.61.32%▲0.18.35%▲7.07.28%▼1.16.93%▼0.4
DIIs0.39%0.27%▼0.10.23%▼0.00%▼0.20.1%▲0.12.57%▲2.52.54%▼0.02.42%▼0.1
Public48.17%46.63%▼1.547.21%▲0.648.05%▲0.847.87%▼0.246.45%▼1.447.44%▲1.045.17%▼2.3

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales193142204230255203265286269249
Expenses175138180206234186238258241221
Operating Profit1842524211727282928
OPM %9%3%12%11%8%8%10%10%11%11%
Net Profit961312111115151717
EPS ₹1.911.162.582.312.132.022.822.912.492.5

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,069Cr, up 19.8% YoY. OPM at 10%.

Debt Position

Borrowings at ₹335Cr. Debt-to-equity ratio: 0.56x. Moderate leverage.

Capex Cycle

CWIP at ₹82Cr (34% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 2.42% (+2.41pp change). FIIs: 6.93% (-3.54pp change). Promoters hold 45.49%.

Margin & Efficiency

ROCE improving from 0% (Mar 2020) to 12% (Mar 2026). Working capital days: 39.

Valuation

PE 19.3x with 12.3% ROCE. Price is 85% above book value of ₹98.4. Dividend yield: 0%.

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