Ratnaveer Precision Engineering Ltd
RATNAVEERRatnaveer Precision Engineering Ltd is strength at full price. The numbers are improving — and a P/E at the 87th percentile of its own range says the market knows.
The sharpest disagreement: profits are rising, but only 42% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a confirmed uptrend (9 weeks in) while the P/E sits at the 87th percentile of its own 1-year range. Underneath, the last four quarters read improving — profit +20.0% year on year, and 42% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Ratnaveer Precision Engineering Ltd trades at ₹181, in a confirmed uptrend and 9 weeks into that stage. That is +12.0% against its own 200-day average. It sits at 84% of a 52-week range of ₹137 to ₹189. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week.
Today the stock is in a confirmed uptrend — week 9 of stage 2, confirmed. At ₹181 it trades +12.0% versus its 200-day average and sits at 84% of its 52-week range (₹137–₹189).
Against the market, two honest reads. Cumulative: over the last 2.8 years the stock moved +55% while the NIFTY 500 moved +34% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 1 straight week — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 87th percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Ratnaveer Precision Engineering Ltd trades at 18.9× P/E, at the pricey end of its own range (87th percentile). Its long-run median P/E is 17.4×, measured across 1.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 18.9× is at the pricey end of its own range (87th percentile), against a long-run median of 17.4× measured over 1.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +7.1% against a +20.7% price move — the price outran earnings, pushing the multiple UP its own range.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Ratnaveer Precision Engineering Ltd reads as mixed on its fundamental arc. Mixed — growth is normalizing off a hyper-growth base: revenue growth has eased from +48.5% at its peak to +17.4% but is still expanding, ROCE lifting at 14.0%. The read is built from 8 quarters across 4 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +19.8% | +30.6% | +24.3% | — |
| Profit | +36.2% | +36.8% | +66.5% | — |
| EPS | +7.1% | +9.4% | −6.8% | — |
| Share price | +20.7% | — | — | — |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
58.2/100 — rank 3 of 4 in Stainless Steel · 77% evidence confidence
Ratnaveer Precision Engineering Ltd scores 58.2 out of 100 against the 4 companies it is compared with in Stainless Steel, ranking 3. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 21.6 + 15.6 + 10 + 11 = 58.2. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Ratnaveer Precision Engineering Ltd reported ₹315 Cr of revenue in the Jun 26 quarter, +18.9% year on year. That is the 9th straight quarter of year-on-year growth. Over 6 years it has compounded at 23.8% a year. The last full year, FY26, came in at ₹1,069 Cr. The last four reported quarters add to ₹1,119 Cr.
Ratnaveer Precision Engineering Ltd reported ₹315 Cr of revenue in the Jun 26 quarter, +18.9% year on year. That is the 9th straight quarter of year-on-year growth. Over 6 years it has compounded at 23.8% a year. The last full year, FY26, came in at ₹1,069 Cr. The last four reported quarters add to ₹1,119 Cr.
FY26 revenue came in at ₹1,069 Cr (+19.8% on the year), capping 6 years at 23.8% compound. The latest quarter (Jun 26) printed ₹315 Cr, +18.9% year on year — the 9th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +17.9% growth against the decade's 23.8% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +17.4% over the last 4 quarters against +28.2%/yr over the last 8 — rolling over; TTM profit +36.7% vs +36.4%/yr — stabilising.
→ Revenue grew — did margins hold as it scaled? Next: 10.0% this quarter (+0.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Ratnaveer Precision Engineering Ltd's operating margin is 10.0% in the Jun 26 quarter, +0.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 7 fiscal years the operating margin has ranged 6.0% to 10.0%. The current quarter sits inside that band.
Ratnaveer Precision Engineering Ltd's operating margin is 10.0% in the Jun 26 quarter, +0.0 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across 7 fiscal years the operating margin has ranged 6.0% to 10.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 10.0%, +0.0 pp against the same quarter a year ago. Across 7 fiscal years the operating margin has ranged 6.0%–10.0%, and FY26's 10.0% is the top of that band — a record year.
Why the margin moved: operating margin went +0.0 pp year on year while gross margin went +1.6 pp — the gain came mostly from the gross line: input costs and pricing.
Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.
→ Margins held — did that reach the bottom line? Next: profit +20.0% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Ratnaveer Precision Engineering Ltd earned ₹18.0 Cr of net profit in the Jun 26 quarter, +20.0% year on year. It is the 9th consecutive quarter of growth. Full-year FY26 profit was ₹64.0 Cr. The 6-year compound rate is 44.6%. That is 5.7% of the quarter's revenue. The same quarter a year earlier earned ₹15.0 Cr.
Ratnaveer Precision Engineering Ltd earned ₹18.0 Cr of net profit in the Jun 26 quarter, +20.0% year on year. It is the 9th consecutive quarter of growth. Full-year FY26 profit was ₹64.0 Cr. The 6-year compound rate is 44.6%. That is 5.7% of the quarter's revenue. The same quarter a year earlier earned ₹15.0 Cr.
Jun 26 profit was ₹18.0 Cr, +20.0% year on year — the 9th consecutive quarter of growth. On the full year, FY26 printed ₹64.0 Cr (+36.2%), and the 6-year compound rate is 44.6%.
Why profit moved: revenue contributed +18.9% and the margin +0.0 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +38.5% vs revenue +17.9%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
→ Profit rose — but did the cash follow? Next: 42% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 42% of Ratnaveer Precision Engineering Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−48.0 Cr of operating cash against ₹64.0 Cr of profit. After ₹109 Cr of capital spending, ₹−157 Cr was left as free cash.
FY26: operating cash of ₹−48.0 Cr against reported profit of ₹64.0 Cr, leaving free cash of ₹−157 Cr after ₹109 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 42% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at 42%: the cash cycle tightened 66 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: the bigger cash user is investment — capital spending ran 6.5× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹313 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Ratnaveer Precision Engineering Ltd's cash conversion cycle runs 87 days in FY26, down from 153 days in FY21. Capital spending ran ₹313 Cr over the last 3 years. At FY26 sales of ₹1,069 Cr each day of that cycle holds about ₹2.9 Cr, so roughly ₹255 Cr sits inside the business at any moment.
FY26: debtors at 60 days, inventory at 118 days — roughly 3.9 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 87 days, tighter than FY21's 153.
The full loop: cash goes out to suppliers and production on day 0; stock waits 118 days to sell; customers pay about 60 days after that; and suppliers themselves are paid at 91 days — netting out to the 87-day cycle.
In money terms: at FY26 sales of ₹1,069 Cr, each day of the cycle holds about ₹2.9 Cr — so the 87-day loop keeps roughly ₹255 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹313 Cr over the last 3 fiscal years against ₹48.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹82.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 14% and the ROIC − WACC spread is −2.1 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Ratnaveer Precision Engineering Ltd earns a ROCE of 14% in FY25. That is up from a trough of 11% in FY21. Return on invested capital clears the cost of that capital by −2.1 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 6.0% net margin on 0.85× asset turns.
FY25 ROCE is 14%, recovered from a FY21 trough of 11% — the full ladder below shows the fall and the climb, undoctored.
🚨 Why the return is what it is — the wiring (FY26): 6.0% net margin × 0.85× asset turns × 1.89× balance-sheet leverage ≈ 9.6% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 9.9% − 12.0% = a −2.1 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.50.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Ratnaveer Precision Engineering Ltd carries total debt of ₹335 Cr against shareholder equity of ₹669 Cr as of Jun 26, a debt-to-equity of 0.50. On the annual view that ratio went from 2.17 in FY23 to 0.50 in FY26. Read the returns elsewhere on this page with that leverage in mind.
Jun 26: total debt of ₹335 Cr against shareholder equity of ₹669 Cr — a debt-to-equity of 0.50. On the annual view, debt-to-equity went from 2.17 (FY23) to 0.50 (FY26). Read the returns on this page with that leverage in mind.
→ Who owns this, and are they adding or leaving? Next: Promoters cut 5.2 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Promoters cut 5.2 points of Ratnaveer Precision Engineering Ltd over 8 quarters, the biggest move on the register. That takes promoters to 45.5% of the company. Domestic institutions moved +1.7 points over the same window, to 2.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Promoters: −5.2 points over 8 quarters to 45.5%; Domestic institutions: +1.7 points over 8 quarters to 2.0%; Foreign institutions: +1.1 points over 8 quarters to 3.5%.
🚨 Why the register moved: promoters drove it (−5.2 points), absorbed on the other side by domestic institutions (+1.7 points) — distribution into the market’s bid.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Ratnaveer Precision Engineering Ltd: the Z-score reads 2.54. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits in the grey band between the two. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.
Why it matters: a Z-score of 2.54 sits in the grey band — neither clearly safe nor clearly distressed.
The safety line in one sentence: the Z-score reads 2.54.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Ratnaveer Precision Engineering Ltd this page | 18.9× | ₹1,276 Cr | Mixed | |||
| Jindal Stainless Ltd | 18.2× | ₹58,884 Cr | Improving | |||
| Ratnamani Metals & Tubes Ltd | 34.3× | ₹16,784 Cr | Deteriorating | |||
| Aeroflex Industries Ltd | 100.0× | ₹5,569 Cr | Turning around |
Frequently asked questions
What is Ratnaveer Precision Engineering Ltd's share price today?
Ratnaveer Precision Engineering Ltd trades at ₹181, +20.7% over the past year. The company is valued at ₹1,276 Cr. The stock sits at 84% of its 52-week range of ₹137–₹189, +12.0% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 9 weeks in. — as of 24 July 2026.
What were Ratnaveer Precision Engineering Ltd's latest quarterly results?
Ratnaveer Precision Engineering Ltd reported revenue of ₹315 Cr and net profit of ₹18.0 Cr for the Jun 26 quarter. Revenue rose 18.9% and profit rose 20.0% year on year. Earnings per share were ₹2.55. The operating margin was 10.0%, 0.0 pp higher than a year earlier. — as of 24 July 2026.
What is Ratnaveer Precision Engineering Ltd's revenue?
Ratnaveer Precision Engineering Ltd reported revenue of ₹315 Cr in the Jun 26 quarter, +18.9% year on year. For the full FY26 fiscal year, revenue was ₹1,069 Cr (+19.8%). Over the last 6 years revenue compounded at 23.8% a year. — as of 24 July 2026.
What is Ratnaveer Precision Engineering Ltd's profit?
Ratnaveer Precision Engineering Ltd earned ₹18.0 Cr of net profit in the Jun 26 quarter, +20.0% year on year — the 9th straight quarter of growth. Full-year FY26 profit was ₹64.0 Cr. The operating margin ran 10.0% in the latest quarter. — as of 24 July 2026.
What is Ratnaveer Precision Engineering Ltd's market cap?
Ratnaveer Precision Engineering Ltd's market capitalisation is ₹1,276 Cr at a share price of ₹181. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Ratnaveer Precision Engineering Ltd's P/E ratio?
Ratnaveer Precision Engineering Ltd trades at a P/E of 18.9×, at the 87th percentile of its own 1-year range, against a long-run median of 17.4×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Ratnaveer Precision Engineering Ltd pay a dividend?
No — Ratnaveer Precision Engineering Ltd has recorded a dividend payout of 0% of profit in each of its last 7 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 24 July 2026.
Is Ratnaveer Precision Engineering Ltd overvalued?
On its own history, Ratnaveer Precision Engineering Ltd looks expensive against its own history: its P/E of 18.9× sits at the 87th percentile of its 1-year range (long-run median 17.4×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 24 July 2026.
Is Ratnaveer Precision Engineering Ltd growing?
Yes — Ratnaveer Precision Engineering Ltd is growing: latest-quarter revenue +18.9% year on year, profit +20.0%, and the margin +0.0 pp at 10.0%. The 6-year compound rates are 23.8% (revenue) and 44.6% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Ratnaveer Precision Engineering Ltd performing?
Ratnaveer Precision Engineering Ltd is in a confirmed uptrend, 9 weeks in. Its latest quarter's revenue rose 18.9% and profit rose 20.0% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 1 week. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Ratnaveer Precision Engineering Ltd in?
Mixed — growth is normalizing off a hyper-growth base: revenue growth has eased from +48.5% at its peak to +17.4% but is still expanding, ROCE lifting at 14.0%. The read comes from the last 12 quarters of growth (revenue growth +17.4% latest, profit growth +36.7% latest, eps growth +12.6% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Ratnaveer Precision Engineering Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 9 of stage 2), trading +12.0% versus its 200-day average and at 84% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Ratnaveer Precision Engineering Ltd beating the market?
On recent form, yes — Ratnaveer Precision Engineering Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 1 straight week, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 2.8 years the stock moved +55% against the NIFTY 500's +34% — ahead of the index over the full window. — as of 24 July 2026.
Will Ratnaveer Precision Engineering Ltd's share price go up?
This page publishes no price forecast for Ratnaveer Precision Engineering Ltd. What it measures instead: the share price is ₹181, the price is in a confirmed uptrend 9 weeks in. Its P/E of 18.9× sits at the 87th percentile of its own 1-year range. — as of 24 July 2026.
Who owns Ratnaveer Precision Engineering Ltd?
Promoters hold 45.5% of Ratnaveer Precision Engineering Ltd, foreign institutions 3.5%, domestic institutions 2.0% and the public 49.0% (latest quarter). The biggest move on the register over the last two years: Promoters cut 5.2 points over 8 quarters. — as of 24 July 2026.
Does Ratnaveer Precision Engineering Ltd have too much debt?
It is moderate — Ratnaveer Precision Engineering Ltd's debt-to-equity is 0.50, and operating profit covers the interest bill 6×. FY26 borrowings were ₹335 Cr against equity of ₹669 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is Ratnaveer Precision Engineering Ltd's capex?
Ratnaveer Precision Engineering Ltd spent ₹313 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹109 Cr, with ₹82.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Ratnaveer Precision Engineering Ltd's cash flow?
Ratnaveer Precision Engineering Ltd generated ₹−48.0 Cr of operating cash flow in FY26 and ₹−157 Cr of free cash flow after ₹109 Cr of capital spending. Reported profit that year was ₹64.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Ratnaveer Precision Engineering Ltd's profit real cash?
Not fully — over the last 3 fiscal years, 42% of Ratnaveer Precision Engineering Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−48.0 Cr against reported profit of ₹64.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
How financially safe is Ratnaveer Precision Engineering Ltd?
On the balance sheet, the Z-score reads 2.54 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That is in the grey band — neither clearly safe nor clearly distressed. — as of 24 July 2026.
Where is Ratnaveer Precision Engineering Ltd in its business cycle?
Ratnaveer Precision Engineering Ltd's FY26 operating margin was 10.0%, against a 7-year band of 6.0%–10.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 10.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Ratnaveer Precision Engineering Ltd story?
The sharpest disagreement: profits are rising, but only 42% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Ratnaveer Precision Engineering Ltd a stock worth studying right now?
This is not investment advice. The machine read: Ratnaveer Precision Engineering Ltd is strength at full price. The numbers are improving — and a P/E at the 87th percentile of its own range says the market knows. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.