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Ratnaveer Precision Engineering Limited (RATNAVEER)

📊 NSE: RATNAVEER 🏢 Steel - Medium / Small 📅 Last Updated: 12/14/2025 11:40

📢 Recent Corporate Announcements

Ratnaveer Precision Schedules 24th AGM for Sept 26, 2026; Cut-off Date Sept 19

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Sep 2026, 07:42 PM

Ratnaveer Precision Engineering Limited has scheduled its 24th Annual General Meeting (AGM) for September 26, 2026. The company has fixed September 19, 2026, as the cut-off date to determine shareholder eligibility for voting. This is a standard regulatory filing pursuant to Regulation 42 of SEBI LODR Regulations.

24th Annual General Meeting scheduled for September 26, 2026
Cut-off date for e-voting eligibility set as September 19, 2026
Filing submitted pursuant to Regulation 42 of SEBI LODR Regulations

💡 Shareholders holding equity shares as of the September 19, 2026 cut-off date are eligible to participate and vote on AGM resolutions.

Ratnaveer Precision AGM on Sept 26; Proposes Raising Borrowing Limit to ₹1,500 Cr

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Sep 2026, 07:25 PM

Ratnaveer Precision Engineering has issued notice for its 24th Annual General Meeting (AGM) scheduled on September 26, 2026. Key special resolutions include increasing the company's borrowing limit from ₹900 crore to ₹1,500 crore (compared to current debt of ₹335 crore and TTM revenue of ₹1,036 crore) and creating corresponding charges on assets. The company is also seeking shareholder approval for the re-appointment of statutory auditors for 5 years and director appointments including Mrs. Seema Sanghavi at ₹1.25 lakh/month remuneration.

24th AGM to be held on September 26, 2026 via video conferencing
Special resolution to hike borrowing limits from ₹900 crore to ₹1,500 crore
Proposed re-appointment of M/s Pankaj R Shah & Associates as Statutory Auditors for a 5-year term
Remuneration proposed for Director Mrs. Seema Sanghavi at ₹1,25,000 per month and MD Mr. Vijay Sanghavi at ₹4,50,000 per month

💡 Track shareholder voting results following the AGM on September 26, 2026, and monitor if future debt drawdowns align with planned capex (such as the CCL project).

Ratnaveer Precision Files Letter of Offer for ₹329.99 Cr Rights Issue at ₹264/Share

🟡 NEUTRAL ⭐ 9/10

FUNDRAISE 📅 26 Aug 2026, 06:57 PM

Ratnaveer Precision Engineering Limited has submitted its Letter of Offer for a proposed Rights Issue aggregating up to ₹329.99 Cr. The company will issue up to 1,24,99,669 fully paid-up equity shares at ₹264 per share (face value ₹10 plus premium of ₹254) in the ratio of 7 rights shares for every 40 shares held on the record date of August 26, 2026. The issue represents approximately 32.4% of the company's current market cap of ₹1,017 Cr. Post-issue, total equity is projected to increase from ₹669.24 Cr to ₹1,002.47 Cr, lowering the debt-to-equity ratio from 0.50x to 0.33x.

Rights issue size of ₹329.99 Cr offering up to 1,24,99,669 equity shares at ₹264 each
Entitlement ratio fixed at 7 Rights Shares for every 40 existing shares held
Record date set as August 26, 2026; issue opens on September 02, 2026, and closes September 09, 2026
Total Debt/Equity ratio expected to moderate from 0.50x pre-issue to 0.33x post-issue

💡 Eligible shareholders should track the Rights Entitlements (RE) credit by August 27, 2026, and note the last date for market renunciation on September 03, 2026, before the issue closes on September 09, 2026.

Ratnaveer Precision Sets Rights Issue Schedule: Opens Sep 02, 2026, Closes Sep 09, 2026

🟡 NEUTRAL ⭐ 5/10

FUNDRAISE 📅 26 Aug 2026, 06:03 PM

Ratnaveer Precision Engineering Limited has finalized the schedule and approved the Letter of Offer for its Rights Issue. The issue will open for subscription on September 02, 2026, and close on September 09, 2026. The last date for on-market renunciation of Rights Entitlements (RE) is September 03, 2026. The company has obtained ISIN INE05CZ20011 for RE credit, with MUFG Intime India Private Limited appointed as the Registrar.

Rights issue opening date confirmed for September 02, 2026
On-market renunciation of rights closes on September 03, 2026
Rights issue closing date scheduled for September 09, 2026
ISIN INE05CZ20011 allotted for credit of Rights Entitlements

💡 Eligible shareholders should verify receipt of Rights Entitlements in their demat accounts prior to September 02, 2026, and track the short on-market renunciation window ending September 03, 2026.

Ratnaveer Appoints Seema Sanghavi as Whole-Time Director for 5 Years; Approves Auditors

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 20 Aug 2026, 07:15 PM

Ratnaveer Precision Engineering has approved the appointment of Mrs. Seema Sanghavi as a Whole Time Director for a 5-year tenure effective August 20, 2026 to August 19, 2031, subject to shareholder approval. Mrs. Sanghavi previously served as Chief Sales Co-ordinator and is the spouse of Promoter Mr. Vijay Sanghavi. The Board also approved the reappointment of Statutory Auditors M/s Pankaj R Shah & Associates for a second 5-year term alongside internal and cost auditors for FY2026-27.

Appointment of Mrs. Seema Sanghavi as Whole Time Director for a 5-year term from August 20, 2026 to August 19, 2031
Mrs. Seema Sanghavi is disclosed as the wife of Mr. Vijay Sanghavi
Re-appointment of M/s. Pankaj R Shah & Associates as Statutory Auditors for a second 5-year term
Appointment of Internal and Cost Auditors approved for FY 2026-27

💡 Track shareholder voting outcomes and remuneration details at the upcoming Annual General Meeting.

Ratnaveer Precision Sets Aug 26, 2026 Record Date for 7:40 Rights Issue

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 20 Aug 2026, 05:51 PM

Ratnaveer Precision Engineering Limited has scheduled Wednesday, August 26, 2026, as the Record Date for its upcoming Rights Issue. Eligible shareholders will receive 7 Rights Equity Shares for every 40 fully paid-up equity shares held as of the record date. This translates to an equity base expansion of 17.5% assuming full subscription. The specific issue price and total fundraising target were not detailed in this filing.

Record date fixed as Wednesday, 26th August, 2026
Entitlement ratio set at 7 Rights Equity Shares for every 40 fully paid-up shares held
Represents an equity dilution ratio of 17.5% on existing share capital

💡 Investors should track the upcoming announcement of the Rights Issue price, issue schedule, and subscription dates to assess the discount to the prevailing market price.

Ratnaveer Precision Approves ₹330 Cr Rights Issue at ₹264/Share (Ratio 7:40)

🟡 NEUTRAL ⭐ 9/10

FUNDRAISE 📅 20 Aug 2026, 05:27 PM

Ratnaveer Precision Engineering has approved a Rights Issue of 1,24,99,669 equity shares at an issue price of ₹264 per share (including a premium of ₹254), aggregating to ₹329.99 Cr. The rights entitlement ratio is fixed at 7 equity shares for every 40 shares held as of the record date, August 26, 2026. This fundraise represents ~34.5% of the company's current market capitalization of ₹957 Cr and will expand the outstanding equity share base from 7.14 Cr to 8.39 Cr shares. The full issue price of ₹264 is payable on application.

Board approved Rights Issue to raise ₹329.99 Cr (₹3,29,99,12,616)
Issue price fixed at ₹264 per share (face value ₹10 + premium of ₹254)
Rights entitlement ratio set at 7 Rights Shares for every 40 shares held
Record date fixed as August 26, 2026
Share capital to expand by 1,24,99,669 shares from 7,14,26,681 to 8,39,26,350 shares

💡 Eligible shareholders should track the Letter of Offer for issue opening/closing dates and rights entitlement (RE) trading schedules, while noting the record date of August 26, 2026.

Ratnaveer Closes Trading Window from Aug 18 to 48 Hours Post-Aug 20 Meeting

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 18 Aug 2026, 06:28 PM

Ratnaveer Precision Engineering Limited has announced the closure of its trading window for designated persons and their immediate relatives starting 18th August, 2026. The closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The trading window will reopen 48 hours after the conclusion of the company's meeting scheduled for 20th August, 2026.

Trading window closed effective from 18th August, 2026.
Company meeting scheduled to take place on 20th August, 2026.
Trading restriction remains in place until 48 hours after the conclusion of the 20th August meeting.

💡 Track the upcoming corporate disclosures and outcome of the meeting scheduled for 20th August, 2026.

Ratnaveer Shareholders Approve Independent Director Appointment with 99.98% Majority

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 10 Aug 2026, 06:53 PM

Shareholders of Ratnaveer Precision Engineering have approved the appointment of Mr. Kashyap Ashwinbhai Shah as an Independent Director for a five-year term. The resolution was passed via postal ballot with 99.9767% of the 3.54 crore votes cast in favour. Promoter participation was near-total at 99.99% of their holding, while public institutional participation stood at 25.58%. This appointment aligns with corporate governance requirements as the company pursues its 40% growth target.

99.9767% of total valid votes (3,54,37,773 shares) were cast in favour of the appointment
Mr. Kashyap Ashwinbhai Shah appointed for a first term of 5 consecutive years
Promoter group cast 3,24,89,750 votes, representing 99.99% of their eligible shares
Public non-institutional voting participation was low at 5.47% of their outstanding shares
Only 8,273 votes (0.02%) were cast against the special resolution

💡 Investors should monitor the board's strategic oversight as the company transitions from volume-driven to margin-centric business models, though this specific appointment is a routine governance matter.

Ratnaveer Precision Engineering Files Revised Q1 FY27 Results to Correct Typographical Error

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 29 Jul 2026, 04:05 PM

Ratnaveer Precision Engineering has re-submitted its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27). This revision follows a typographical error identified by the stock exchange in the initial filing. The board meeting for the original approval was held on July 24, 2026, and lasted 75 minutes. While the specific corrected figures are not in the cover letter, the company is coming off a March 2026 quarter with revenue of ₹249.0 cr and a net profit of ₹17.0 cr.

Board meeting for result approval held on July 24, 2026, between 03:00 P.M. and 04:15 P.M.
Revision triggered by a typographical error observed by the stock exchange in the previous submission.
Covers both Standalone and Consolidated unaudited financial results for the quarter ended June 30, 2026.
Company reported a net worth of ₹669 Cr and debt of ₹335 Cr as per latest available context.

💡 Investors should verify the revised filing on the exchange website to confirm which specific data point was corrected (e.g., EPS, margins, or segment data) to ensure their models are accurate.

18.9% Revenue Growth in Q1 FY27; ₹472 Cr CCL Project 60% Complete

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 27 Jul 2026, 09:24 AM

Ratnaveer Precision Engineering reported a strong Q1 FY27 with revenue rising 18.9% YoY to ₹314.64 crore and PAT increasing 22% YoY to ₹18.24 crore. The company is making significant progress on its ₹472.34 crore Copper Clad Laminate (CCL) project, which is now 60% complete and scheduled for commercial production in November 2026. Additionally, the company has secured in-principle approval for a ₹330 crore Rights Issue and received a credit rating upgrade to IVR A- (Stable).

Revenue from operations grew 18.9% YoY to ₹314.64 crore, showing strong operating momentum.
EBITDA increased 31.7% YoY to ₹35.98 crore, with EBITDA margins expanding 111 bps YoY to 11.43%.
The ₹472.34 crore CCL project is 60% complete, representing a major diversification into import substitution.
Received in-principle approval for a Rights Issue of up to ₹330 crore to fund strategic growth.
Credit rating upgraded by Infomerics to IVR A- (Stable) for long-term and IVR A2+ for short-term facilities.

💡 Investors should track the commissioning timeline of the CCL project in November 2026 and the specific terms (price and ratio) of the upcoming ₹330 crore Rights Issue.

Ratnaveer Q1 FY27 PAT up 22% to ₹18.2 Cr; ₹472 Cr CCL Project Approval Received

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 27 Jul 2026, 09:19 AM

Ratnaveer Precision Engineering reported a strong Q1 FY27 with revenue growing 18.9% YoY to ₹314.64 Cr and PAT rising 22% to ₹18.24 Cr. The company is aggressively pivoting toward the electronics sector, having received in-principle approval for a ₹472.34 Cr Copper Clad Laminate (CCL) project. To fund this expansion, it has secured exchange approvals for a Rights Issue of up to ₹330 Cr. The first phase of the CCL project, which targets 20% EBITDA margins, is on track for commissioning in November 2026.

Revenue increased 18.9% YoY to ₹314.64 Cr, while EBITDA grew 31.7% YoY to ₹35.98 Cr.
EBITDA margins expanded by 111 bps YoY to 11.43% in Q1 FY27.
Received in-principle approval for a ₹472.34 Cr CCL project under the Gujarat Electronics Policy.
Secured NSE and BSE approvals for a Rights Issue of up to ₹330 Cr to support growth initiatives.
Credit rating upgraded by Infomerics to IVR A- (Stable) with bank facilities enhanced to ₹388.47 Cr.

💡 Watch for the specific terms and pricing of the ₹330 Cr Rights Issue and monitor the November 2026 commissioning timeline for the CCL Phase 1 project, which is the primary driver for margin expansion.

Ratnaveer Q1 Revenue Grows 19% YoY to ₹314.6 Cr; PAT Increases 22% to ₹18.2 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 24 Jul 2026, 04:58 PM

Ratnaveer Precision Engineering reported a strong start to FY27 with Q1 revenue reaching ₹314.64 Cr, a 19% increase from ₹264.32 Cr in the same quarter last year. Net profit grew by 22% YoY to ₹18.24 Cr, driven primarily by a robust domestic segment which contributed ₹304.68 Cr. However, export revenue saw a significant decline of 35% YoY to ₹9.96 Cr. Finance costs nearly doubled to ₹6.72 Cr, indicating higher debt servicing or interest rates compared to the previous year.

Revenue from operations increased 19% YoY to ₹314.64 Cr from ₹264.32 Cr.
Net profit for the quarter rose 22% YoY to ₹18.24 Cr compared to ₹14.95 Cr.
Domestic segment revenue surged to ₹304.68 Cr, representing 96.8% of total sales.
Finance costs increased significantly to ₹6.72 Cr from ₹3.41 Cr in Q1 FY26.
Reported EPS for the quarter stood at ₹10.36, a sharp increase from ₹2.97 in the year-ago period.

💡 Investors should monitor the sustainability of the domestic revenue growth and the company's ability to manage rising finance costs. Watch for progress on the CCL project, which is expected to be a high-margin revenue driver in the coming years.

Rs 330 Cr Rights Issue: Ratnaveer Receives In-Principle Approval from NSE and BSE

🟢 POSITIVE ⭐ 9/10

FUNDRAISE 📅 17 Jul 2026, 10:28 AM

Ratnaveer Precision Engineering has obtained in-principle approval from both NSE and BSE for a proposed rights issue of up to Rs 330 Crores. This fundraise is substantial, representing approximately 49.3% of the company's current net worth of Rs 669 Cr. While the specific issue price and entitlement ratio are yet to be finalized, the approval allows the company to move forward with the formal offer process. The capital is expected to support the company's transition toward margin-centric products and its ongoing CCL project.

Proposed rights issue size of up to Rs 330 Crores approved in-principle by exchanges.
In-principle approval letters received from NSE and BSE dated July 16, 2026.
Fundraise magnitude is approximately 49.3% of the company's reported net worth of Rs 669 Cr.
Equity shares to be issued at a face value of Rs 10 each plus a premium to be determined.
Company is required to file the listing application immediately following the allotment of shares.

💡 Monitor for the upcoming announcement of the rights issue price and the record date to determine eligibility. Review the final Letter of Offer to confirm if proceeds are primarily for debt reduction (Rs 335 Cr current debt) or the CCL project expansion.

Ratnaveer Seeks Shareholder Approval for Appointment of Independent Director via Postal Ballot

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 09 Jul 2026, 05:33 PM

Ratnaveer Precision Engineering has initiated a Postal Ballot to seek shareholder approval for the appointment of Mr. Kashyap Ashwinbhai Shah as an Independent Director for a 5-year term. The voting period is scheduled from July 10, 2026, to August 8, 2026, with results to be declared by August 11, 2026. Mr. Shah is a Practicing Company Secretary with over 20 years of experience in corporate advisory, insolvency, and compliance. This move is a standard governance procedure to strengthen the board's oversight capabilities.

Proposed appointment of Mr. Kashyap Ashwinbhai Shah as an Independent Director for a 5-year term starting May 12, 2026.
Remote e-voting period spans 30 days, from July 10, 2026, to August 8, 2026.
Cut-off date for determining shareholder voting eligibility was July 3, 2026.
The appointee brings over 20 years of expertise in corporate law, restructuring, and RBI compliance.
Results of the Postal Ballot will be announced on or before August 11, 2026.

💡 Investors should note this as a routine governance update; no specific action is required other than participating in the e-voting process if eligible as of the cut-off date.

View All RATNAVEER Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue from operations grew 49.80% YoY, increasing from INR 595.38 Cr in FY24 to INR 891.88 Cr in FY25. Q2 FY26 revenue reached INR 287 Cr, representing a growth of over 25% YoY.

Geographic Revenue Split

The company maintains a diversified global presence with a customer base spread across 31 countries, though specific percentage splits per region are not disclosed.

Profitability Margins

Net profit margin (PAT) improved slightly to 5.23% in FY25 from 5.21% in FY24. Operating profit margins have shown a steady upward trend from 5.54% in FY21 to 9.35% in FY23, driven by a shift toward margin-centric value-added products.

EBITDA Margin

EBITDA margin stood at 10.09% in FY25, up from 9.57% in FY24. The company has set a strategic target to reach a 13.5% EBITDA margin by FY27 through increased sales of high-value products.

Capital Expenditure

The company is executing a capex plan of INR 48 Cr to expand capacity and install a 4 MW solar plant. Additionally, it projected a fixed asset increase of INR 25 Cr over three years to be funded via internal accruals.

Credit Rating & Borrowing

Long-term bank facilities are rated IVR BBB+ / Stable (revised from IVR BBB / Positive) and short-term facilities are rated IVR A2. Interest coverage ratio improved to 3.65x in FY23.

⚙️ Operational Drivers

Raw Materials

Key raw materials include stainless steel scraps, SS sheets, and SS coils, which are subject to price volatility in nickel and chromium alloying elements.

Import Sources

Sourced from multiple suppliers to ensure cost stability; specific countries of origin are not disclosed but the company operates globally.

Capacity Expansion

Current engineering capacity utilization is at 80-90%. New capacities are targeted for 50-60% utilization in the first year. A 4 MW solar plant is being installed to reduce utility costs.

Raw Material Costs

Raw material costs are a significant portion of the cost structure; the company manages this through long-term contracts and buffer inventory to mitigate price hikes in nickel and chromium.

Manufacturing Efficiency

Capacity utilization improved to 78% in FY23 from 76% in FY22. The company is transitioning to a margin-centric model by selecting orders based on value-added product potential.

📈 Strategic Growth

Expected Growth Rate

40%

Growth Strategy

Growth will be achieved by shifting from volume-driven to margin-centric business, targeting a revenue of INR 1,500-1,800 Cr. Key drivers include the CCL project (expected INR 500 Cr revenue in 3 years), expansion of value-added products like electropolished pipes and fasteners, and global market penetration in 31 countries.

Products & Services

Stainless steel washers, fasteners, finishing sheets, solar mounting hooks, tubes, pipes, and electropolished pipes.

Brand Portfolio

Ratnaveer.

New Products/Services

New high-value fasteners, sheet metal components, and electropolished pipes for critical applications; the CCL project is expected to contribute a 20% EBITDA margin.

Market Expansion

Expanding global footprint across 31 countries to mitigate regional demand fluctuations and entering critical application segments for tubes and pipes.

Strategic Alliances

The company is in dialogues for potential acquisitions to accelerate its journey toward a topline of INR 1,800 Cr.

🌍 External Factors

Industry Trends

The industry is shifting toward high-precision and value-added stainless steel components. The market is currently fragmented with both organized and unorganized players, but RPEL is positioning itself through backward integration.

Competitive Landscape

Competes with both large established national players and smaller regional unorganized players in the stainless steel segment.

Competitive Moat

Moat is built on a 13-year track record, backward integration for cost efficiency, and a specialized focus on niche products like SS washers and solar mounting hooks.

Macro Economic Sensitivity

Sensitive to cyclical demand in the steel industry and changes in government infrastructure policies.

Consumer Behavior

Increasing demand for high-quality, certified stainless steel products for critical engineering applications.

Geopolitical Risks

Trade policies and environmental regulations in the 31 countries of operation could impact export-import dynamics.

⚖️ Regulatory & Governance

Industry Regulations

Subject to environmental regulations and trade policies affecting the import/export of steel products; maintains high quality standards for global compliance.