Ratnaveer Precision Engineering share price today

Ratnaveer Precision Engineering Ltd's share price was ₹373.15 at the close on 5 November 2026. It has been rising for 24 weeks. That is 59.7% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹137 and ₹373, and at that close it was at the high of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Ratnaveer Precision Engineering Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 18 weeks in a row.

Over the last 3.1 years the share price moved +221% while the NIFTY 500 moved +25%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

8 points in one quarter, foreign funds (FIIs) cut their stake for 5 quarters in a row and revenue up on a year earlier for 10 quarters in a row.

1. Promoters cut their stake by 6.8 points in one quarter

   From 45.5% to 38.7% in the September 2026 quarter.

2. Foreign funds (FIIs) cut their stake for 5 quarters in a row

   From 8.4% to 3.3% of the company by the September 2026 quarter.

3. Revenue up on a year earlier for 10 quarters in a row

   In the September 2026 quarter revenue was ₹387 crore, +35.3% on a year earlier.

For July to September 2026 (the quarter ended 30 September 2026), Ratnaveer Precision Engineering reported revenue of ₹387 crore, up 35.3% from ₹286 crore a year earlier, and a profit of ₹24.0 crore, up 60.0% from ₹15.0 crore.

Ratnaveer Precision Engineering results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 28 September 2026, about April to June 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Ratnaveer Precision Engineering closed at ₹373.15 on 5 November 2026, up 148.7% from ₹150.05 a year earlier (7 November 2025) and up 200.1% over three years. Its highest weekly close since September 2023 was ₹373.15 on 5 November 2026.

Ratnaveer Precision Engineering share price: then and now

Weekly closing prices. Each change is the move from that price to the 5 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

172 weekly closes from 15 September 2023 to 5 November 2026.

5 Nov 2026: Ratnaveer Precision Engineering closed at ₹373.15, up 3.6% on the week and up 8.6% on the month. Results for July to September 2026: Revenue up 35.3% and profit up 60.0% on a year earlier.

Earlier

• 28 Sep 2026: Ratnaveer Precision Engineering held its results call for April to June 2026. Management guided: CCL commissioning roadmap: first-line trial by end-November or first week of December and commercial production in January-February; subsequent lines planned May-June 2027 and December 2027-January 2028.
• Our read, 17 May 2026: A small-cap precision compounder morphing into a CCL first-mover, the core keeps delivering while the optionality clock ticks.

Our read of the business

Latest quarter: Core executes; CCL story recalibrates with four guidance misses.

Our read after the latest results, written 17 May 2026.

Ratnaveer Precision Engineering has paid no dividend on the NSE since its first NSE close in our records (15 September 2023), the start of the period we checked.

No. Ratnaveer Precision Engineering Ltd paid out 0% of its profit as dividends in each of its last 7 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 28 September 2026, Ratnaveer Precision Engineering's management guided: CCL commissioning roadmap: first-line trial by end-November or first week of December and commercial production in January-February; subsequent lines planned May-June 2027 and December 2027-January 2028.

“The gap between demand and supply is expected to remain a shortage for at least the next 5-7 years.”Vijay Sanghvi, MD, on the call for April to June 2026

What management guided

• CCL business growth framed at 50%-60% yearly growth, with ₹750 crore FY29 revenue at full utilization across the installed lines.
• FY28 CCL revenue planned at ₹350 crore from three lines.
• CCL operating margin 20% and profit margin 13%; legacy stainless operating margin 13% and profit margin 7%.
• FY29 consolidated revenue ₹2,500 crore, operating margin 13.5%, and profit margin 10.5%.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 28 September 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

What is changing at Ratnaveer Precision Engineering, from the latest results and calls: value-added product mix shift, operating leverage from phase 2 capital spending utilization and ccl first-mover optionality (high-conviction speculative).

• Value-Added Product Mix Shift. Clips/fasteners at 15-20% profit margin vs 6-8% company average, every ₹1 of mix-shift revenue is 2-3x more profitable; value-added aiming for ₹200 crore by FY27 (13% of ₹1,500 crore). ⚠ estimate
• Operating Leverage from Phase 2 Capital spending Utilization. Phase 2 (₹68 crore) generates ₹200-250 Cr incremental revenue at 80-85% utilization, fixed costs already absorbed, every new rupee flows at 15%+ profit margin. ⚠ estimate
• Geographic Expansion (31 Countries + European Acquisition). Two-star export house serving 31 countries. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 17 May 2026.

No written pre-orders; machine delivery August-September is critical path; 1-2 companies needed to absorb first-line output but unconfirmed in writing.

The main risks

• CCL Execution Risk, No Written LOIs, November 2026 Production Start: No written pre-orders; machine delivery August-September is critical path; 1-2 companies needed to absorb first-line output but unconfirmed in writing. ⚠ estimate
• Stainless Steel Commodity Pass-Through Risk: 80-85% of business hedged back-to-back; 15-20% exposed to nickel/chrome spikes; geopolitical headwinds showed minimal impact so far. ⚠ estimate
• Promoter Dilution and Post-QIP Stake Decline: Promoter stake dropped from 55.48% to 42.63% post QIP; ₹330 crore additional raise will dilute further to 42-43%; warrant conversion ₹115 crore pending. ⚠ estimate
• CCL Competition, Amber Enterprises Launch Announced: if they commission earlier, first-mover premium is shared. ⚠ estimate

Our read after the latest results, written 17 May 2026.

When Ratnaveer Precision Engineering reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: First CCL line to complete trial and commercial production on the stated timetable - check commissioning completion and initial customer orders.

Ratnaveer Precision Engineering is on 3 of our India lists: Momentum stocks, 52 week high & low and Copper & metal stocks.

Ratnaveer Precision Engineering Ltd earned ₹24.0 Cr of net profit in the Sep 2026 quarter, +60.0% on the same quarter a year earlier. That is the 10th quarter in a row of profit growth. Full-year FY26 profit was ₹64.0 Cr. Over 6 years profit has grown 44.6% a year on average. That is 6.2% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹15.0 Cr.

For the full year, FY26 profit was ₹64.0 Cr (+36.2% on the year before).

Why profit moved: revenue changed +35.3% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +47.3% and revenue +20.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Ratnaveer Precision Engineering Ltd reported ₹387 Cr of revenue in the Sep 2026 quarter, +35.3% on the same quarter a year earlier. That is the 10th quarter in a row with growth on the year before. Over 6 years it has grown 23.8% a year on average. The last full year, FY26, came in at ₹1,069 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. India is 100% import-dependent on Copper Clad Laminates. Ratnaveer received the first-ever government approval for indigenous CCL manufacturing. The global demand signal is extraordinary: AI/datacenter surge, Korea demand up 5x monthly, China constrained. The PLI structure (50% capex recovery = Rs 35 Cr back per line on Rs 70 Cr of spending) makes this one of the most heavily de-risked capex programs in Indian manufacturing. Per-line economics: Rs 70 Cr capex → Rs 108 Cr revenue at 69% utilization → 20-21% EBITDA and 13% PAT → payback under 4 years. Five lines = Rs 750 Cr incremental revenue. The risk: no written LOIs, machines not yet arrived (expected August-September), production slipped…

The last four reported quarters add to ₹1,220 Cr.

FY26 revenue was ₹1,069 Cr, +19.8% on the year before.

Recent pace: the last four quarters grew +20.6% on average, against 23.8% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +20.9%, against +26.0% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +46.2%, against +37.8% a year (accelerating).

Ratnaveer Precision Engineering Ltd's operating margin was 9.0% in the Sep 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 7 years it has been between 6.0% and 10.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. The structural value-added pivot is the cleanest compounder in Ratnaveer's story. In H1 FY26 value-added products contributed 8% of revenue; management goals Rs 200 Cr (13%) by FY27 and Rs 400 Cr (22%) by year 3. The margin differential is extreme, clips/fasteners carry 15-20% PAT vs 6-8% for commodity stainless. Phase 2 capex (Rs 68 Cr, launched November-December 2025) specifically goals tubes, circle clips, and precision components. The operating leverage math is clear: if Rs 200 Cr of value-added at 15% PAT displaces Rs 200 Cr of commodity at 6% PAT, incremental PAT contribution is Rs 18 Cr (vs Rs 12 Cr prior), a pure margin lift. This driver was active in all 4 quarters of FY26…

Why the margin moved: operating margin changed −0.5 percentage points on the year while gross margin changed −0.8 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

Over the last 3 years, 42% of Ratnaveer Precision Engineering Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 its operations used ₹48.0 Cr of cash, against ₹64.0 Cr of profit. After ₹109 Cr of spending on assets, free cash was −₹157 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 42% of profit came in as cash: the cash cycle got 66 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: the bigger use of cash is spending on new assets, at 6.5× depreciation over three years. The next section checks what that spending is building.

Ratnaveer Precision Engineering Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 87 days in FY26, down from 153 days in FY21. It spent ₹313 Cr on assets over the last 3 years. Customers take 60 days to pay, and stock sits for 118 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,069 Cr, each day of that cycle ties up about ₹2.9 Cr, so roughly ₹255 Cr is tied up in the business at any time.

FY26: customers took 60 days to pay and stock sat for 118 days, about 3.9 months of sales sitting as stock, for a full cycle of 87 days, shorter than FY21's 153.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 118 days. Customers pay about 60 days after that. Suppliers are paid at 91 days. Together that makes the 87-day cycle.

Spending on assets: ₹313 Cr over the last 3 years, against ₹48.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹82.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Ratnaveer Precision Engineering Ltd's P/E is 41.1×, about the highest it has ever been. Its usual P/E (the middle reading) is 19.3×, over 3.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹10.38.

Why the multiple is where it is: over the past year earnings per share moved +7.3% while the price moved +148.7%. The price did better than earnings, which pushed the multiple up within its own range.

Where the price move came from: over 3 years the price moved +44.2% a year; about +20.9% a year came from earnings growth and about +23.3 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Worked out from its price on 27 August 2026, Ratnaveer Precision Engineering Ltd's share price assumed profit growth of about 18.4% a year. Over the past 6 years its profit actually grew 44.6% a year. Today its P/E is 41.1×, higher than 98% of its own last 3.1 years.

This works the share price backwards. It asks one question: what yearly profit growth does the price already assume? The answer is the growth rate at which eleven years of profit (six years of growth, then five years of slowing) add up to that day's market value, after each year is discounted at 11%.

This is a one-day reading, taken on 27 August 2026. Every other number on this page, the multiple included, uses the latest price as of 5 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements.

Ratnaveer Precision Engineering Ltd's business is growing steadily. Revenue and profit growth have stayed positive throughout, and ROCE is steady at 18.0%. This is based on 11 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: steady growth with healthy returns is how a business compounds over time.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Ratnaveer Precision Engineering Ltd's story is not scored yet against the checks our research set on 17 May 2026. Where it sits in its own cycle: EMERGING OPPORTUNITY. Still open: Revenue guide silently cut 10%, margin timeline pushed 2 years, CCL capex escalated 55%, production slipped, all in one call cycle without explanation.

NOT YET CHECKED

Our read, 17 May 2026. A small-cap precision compounder morphing into a CCL first-mover, the core keeps delivering while the optionality clock ticks.

From the price. Price stage 2, week 24, above its 200-day line, relative strength rising.

From the research. A small-cap precision compounder morphing into a CCL first-mover, the core keeps delivering while the optionality clock ticks.

What is proven. A small-cap precision compounder morphing into a CCL first-mover, the core keeps delivering while the optionality clock ticks.

What is not proven yet. Revenue guide silently cut 10%, margin timeline pushed 2 years, CCL capex escalated 55%, production slipped, all in one call cycle without explanation.

The test written in advance. Management Consistency Deterioration, Four Cross-Call Contradictions. Measured by: Management Consistency Deterioration, Four Cross-Call Contradictions by the next result.

The test written in advance. CCL Execution Risk, No Written LOIs, November 2026 Production Start. Measured by: CCL Execution Risk, No Written LOIs, November 2026 Production Start by the next result.

The test written in advance. Negative Operating Cash Flow + Receivables Spike. Measured by: Negative Operating Cash Flow + Receivables Spike Q1 FY27 trade receivables vs Rs 110-175 Cr baseline; Rs 330 Cr QIP closure confirmation by September 2026 by the next result.

What the company does. FY26 revenue Rs 1,069 Cr at 25% CAGR; OPM stabilized at 10-11%; PAT Rs 64 Cr (+36% YoY), stainless core executing without drama for 14+ consecutive quarters. CCL pivot is the real story: first government approval in India for indigenous Copper Clad Laminate manufacturing, 50% capex recovery via PLI, aiming for Rs 750 Cr incremental revenue at 20-21% EBITDA margins within 2 years.

The key numbers to watch, and the level that would change the picture

Everything further down this page is evidence for or against these.

• 1 · Operating leveragebuilding
• 2 · Value-added mixbuilding
• 3 · Management changequiet
• 4 · Paying down debtquiet
• 5 · Regulatory approvalquiet
• 6 · Order-book winsquiet
• 7 · Consolidationquiet
• 8 · Demerger or value unlockquiet
• 9 · Buybackquiet
• 10 · New geographiesbuilding
• 11 · More business from existing customersquiet
• 12 · New product launchquiet
• 13 · Mandatory normsquiet
• 14 · A bigger market to servebuilding
• 15 · Market-share gainsbuilding
• 16 · Asset qualityquiet

Lever 1 · Operating leverage: building. Clips/fasteners at 15-20% PAT margin vs 6-8% company average, every Rs 1 of mix-shift revenue is 2-3x more profitable; value-added aiming for Rs 200 Cr by FY27 (13% of Rs 1,500 Cr). What proves it keeps working: Value-Added Product Mix Shift. It stops working if Q1 FY27 revenue print vs Rs 340 Cr minimum; CCL machine arrival August-September 2026 confirmation; any further guidance revision in Q1 FY27 concall.

Lever 2 · Value-added mix: building. Phase 2 (Rs 68 Cr) generates Rs 200-250 Cr incremental revenue at 80-85% utilization, fixed costs already absorbed, every new rupee flows at 15%+ PAT margin. What proves it keeps working: Operating Leverage from Phase 2 Capex Utilization. It stops working if Q1 FY27 revenue print vs Rs 340 Cr minimum; CCL machine arrival August-September 2026 confirmation; any further guidance revision in Q1 FY27 concall.

Lever 15 · Market-share gains: building. First government approval in India for indigenous CCL; 50% capex subsidy via PLI; Rs 750 Cr revenue goal at 20-21% EBITDA, but no written LOIs and 4 guidance misses on execution timeline. It stops working if Q1 FY27 revenue print vs Rs 340 Cr minimum; CCL machine arrival August-September 2026 confirmation; any further guidance revision in Q1 FY27 concall.

Sources: our stock research file (17 May 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.

The whole page in one table. Each row links to its section.

What Ratnaveer Precision Engineering Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met.

FY27 Base Business Guidance Cut · 28 September 2026. The Nov 2025 call explicitly set FY27 revenue at 1,500 crores, and the May 2026 call reaffirmed that goal. In Sep 2026, management instead stated a current-year goal of 1,350 crores, which is 10% lower than the previously stated FY27 goal, without explaining the change.

CCL Rollout and Revenue Ramp Delayed · 28 September 2026. In May 2026, management said first CCL production would come out in November 2026 and that 750 crores was achievable with full utilization in 2028. In Sep 2026, commercial production moved to January or February and FY28 CCL revenue was reduced to 350 crores from three lines, with the 750 crore goal now stated for FY29; the latest call did not explain the change.

FY27 EBITDA Margin Goal Deferred and Diluted · 14 May 2026. In the Nov 2025 call, management explicitly confirmed a 13.5% EBITDA goal tied specifically to the FY27 revenue milestone of 1,500 crores for the stainless business. In the May 2026 call, 13-13.5% EBITDA is referenced only as a long-term consolidated goal at 2,500 crores inclusive of all five CCL lines at a 2.5-3 year horizon, with no standalone EBITDA guidance offered for FY27, effectively pushing the margin expansion timeline out by one to two years without explanation.

CCL Per-Line Capital Expenditure Increased ~55% Without Explanation · 14 May 2026. In the Nov 2025 call, management stated the first CCL line capex at 45 crores and indicated all five lines would cost approximately that amount each. In the May 2026 call, the first CCL line capex is referenced as 70 crores and the total five-line project cost is 351 crores - implying roughly 70 crores per line versus the 45 crores stated previously, a ~55% cost escalation per line with no justification or acknowledgment provided.

Every quote above is taken word for word from the company’s own earnings calls.

Reliability bifurcated: trust the proven core, verify the CCL optionality.

Regulatory and governance record

No SEBI/ED enforcement, zero insider/SAST disclosures; promoter confirmed no equity encumbrance FY26.

Checked 30 June 2026.

Ratnaveer Precision Engineering Ltd earned a ROCE of 12% in FY26. That is up from a low of 11% in FY21. Its return on capital used (ROIC) is 1.9 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

It comes from a 6.0% net margin and 0.85× asset turnover (sales divided by assets).

Why the return is what it is (FY26): a 6.0% net margin × 0.85× asset turnover × 1.89× leverage (assets divided by equity) ≈ 9.6% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 10.1% − 12.0% = −1.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

Ratnaveer Precision Engineering Ltd has total debt of ₹335 Cr against shareholder equity of ₹669 Cr as of Jun 2026, so its debt is 0.50× its equity. Year by year, that ratio went from 2.17 in FY23 to 0.50 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Promoters cut their stake in Ratnaveer Precision Engineering Ltd by 12.0 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 38.7% of the company. Foreign institutions moved +1.4 points over the same period, to 3.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: −12.0 points over 8 quarters, to 38.7%; Foreign institutions: +1.4 points over 8 quarters, to 3.3%; Domestic institutions: +0.9 points over 8 quarters, to 1.1%.

Why the owners changed: promoters drove it (−12.0 points), with the other side taken by foreign institutions (+1.4 points). They reduced their stake.

For Ratnaveer Precision Engineering Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

63.1 out of 100, rank 2 of 4 in Stainless Steel, with 97% of the evidence available.

Ratnaveer Precision Engineering Ltd scores 63.1 out of 100 against the 4 companies it is compared with in Stainless Steel, ranking 2. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 21.3 + 9.8 + 12 + 20 = 63.1. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Ratnaveer Precision Engineering ranks 2 of 4 Stainless Steel companies on the 4-Factor Sector Score, with 63.1 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Stainless Steel, all 4 compared on one page.

Ratnaveer Precision Engineering is the 4th largest of 4 Stainless Steel companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Jindal Stainless, Ratnamani Metals & Tubes and Aeroflex Industries. It is the smallest.

Stainless Steel companies close in size

1. Jindal Stainless Ltd ₹55,566 crore
2. Ratnamani Metals & Tubes Ltd ₹16,256 crore
3. Aeroflex Industries Ltd ₹7,151 crore
4. Ratnaveer Precision Engineering Ltd ₹3,133 crore

All 4 Stainless Steel companies, largest first

Companies close in size in other industries

1024. VST Industries Ltd ₹3,151 crore · Cigarettes & Tobacco Products
1025. TVS Srichakra Ltd ₹3,139 crore · Tyres & Tubes
1026. Ratnaveer Precision Engineering Ltd ₹3,133 crore
1027. Vindhya Telelinks Ltd ₹3,130 crore · Cables - Telecom
1028. Ideaforge Technology Ltd ₹3,125 crore · Aerospace & Defence - Equipments

Sector Alpha, written by code from the published numbers. Data as of 5 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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