Ratnaveer Precision Engineering Limited, incorporated in 2002 and based in Vadodara, Gujarat, is an ISO 9001 certified manufacturer. The company is recognized as India's largest stainless steel washers manufacturer and produces over 2,500 washers in different sizes and international standards, establishing itself as a significant player in the precision engineering space.
The company underwent several name changes, with the most recent being from Ratnaveer Metals Limited to Ratnaveer Precision Engineering Limited in November 2022. Its diverse product portfolio includes stainless steel washers, solar mounting hooks, finishing sheets, and SS tubes and pipes.
Ratnaveer Precision Engineering Limited operates four manufacturing units: two in Savli, Gujarat (Unit-I and Unit-II), one in Waghodia, Gujarat (Unit-III), and one in Vatva, Gujarat (Unit-IV). These facilities benefit from convenient transportation, aiding product distribution.
Initially focused on manufacturing SS washers, the company has successfully diversified into producing finishing sheets, solar roofing hooks, and stainless steel tubes and pipes.
The solar mounting hooks product range includes vario hooks, fixed roofing hooks, adapters, winkles, hammer roofing bolts, long roofing hooks, gewinde plates, and reinforcement. Finishing sheets are available in mirror, hairline, scotch brite, and NO-04 matt finishes. The SS tubes and pipes segment offers stainless steel welded polished round, rectangular, and square pipes, as well as industrial welded pipes and tubes.
The company's products are integral to various industries such as automotive, solar power, wind energy, power plants, oil and gas, and pharmaceuticals. Ratnaveer Precision Engineering Limited is involved in the manufacture, export, and supply of stainless-steel products both in India and internationally, underscoring its global reach.
Ratnaveer serves both domestic and international markets, with exports forming a notable portion of its revenue. Its products are supplied to countries across Europe, North America, and Asia, leveraging India's cost-competitive manufacturing base.
The company has demonstrated consistent financial performance and growth.
For FY25, Ratnaveer reported revenue of ₹896 crore, representing a growth of 48.7%, with profit after tax (PAT) of ₹46.8 crore, showing a growth of 50.8% year-over-year.
In Q4 FY25, the company's net profit surged by 90.91% to ₹10.71 crore compared to the same period last year, with revenue standing at ₹203.11 crore.
For Q3 FY25 (December 2024), net profit rose by 22.14% to ₹11.31 crore from ₹9.26 crore in the previous year's corresponding quarter. Sales for Q3 FY25 increased by 31.77% to ₹254.56 crore against ₹193.19 crore in Q3 FY24.
- FY25 Revenue: ₹896 crore (+48.7% YoY)
- FY25 Profit After Tax (PAT): ₹46.8 crore (+50.8% YoY)
- Q4 FY25 Revenue: ₹203.11 crore
- Q4 FY25 Net Profit: ₹10.71 crore
- Market Capitalization: ₹839.34 crore (as of June 25, 2025)
- Promoter Holding: 50.72% (as of March 2025)
Ratnaveer has shown marked improvements in operational efficiency. Debtor days have improved significantly from 34.2 to 26.8 days, and overall working capital requirements have reduced from 157 days to 108 days, reflecting enhanced cash flow management and operational optimization.
As of Q3 FY25, the company's capital work-in-progress (CWIP) was approximately ₹109 crore, compared to fixed assets of ₹79 crore, indicating ongoing substantial investments in infrastructure and technology.
The company has completed ₹46 crore in capital expenditure (capex) and has planned an additional ₹68 crore for future expansion projects. It has also secured ₹232 crore in new orders, signaling strong demand for its products and a healthy order book.
Ratnaveer anticipates considerable volume growth and improved realizations for FY25 in both domestic and export markets, driven by capacity expansion, the introduction of new value-added products, and entry into newer high-growth markets. Margins are also expected to improve substantially due to a favorable product mix.
The 52-week high for Ratnaveer Precision Engineering Ltd's share price is ₹273.97, while the 52-week low is ₹115.99. Analysts maintain a positive outlook, with 100% recommending a 'BUY' rating for the stock and an average target price of ₹290.
The company was listed on September 11, 2023, making it a relatively new entrant to the public markets, yet it has quickly garnered positive attention.
Ratnaveer Precision Engineering Limited stands as a specialized manufacturer in the stainless steel products space with a strong market position, consistent financial performance, and promising growth prospects driven by capacity expansion and product diversification initiatives.
