Ratnaveer Precision Engineering Ltd share price logo

Ratnaveer Precision Engineering Ltd (RATNAVEER)

₹171.30.76%

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Overview
News
Financials
Q3 '23 Results
Technicals

Analyst Rating

based on 1 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 1 analysts offering long term price targets for Ratnaveer Precision Engineering Ltd. An average target of ₹200

Source: S&P Global Market Intelligence

Ratnaveer Precision Engineering Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹170.5
    ₹173.62
  • 52 Week's Low

    52 Week's High

    ₹107.1
    ₹176.09
1 Month Return+ 36.29 %
3 Month Return+ 37.88 %
1 Year Return+ 33.45 %
Previous Close₹172.62
Open₹173.00
Volume12.49L
Upper Circuit-
Lower Circuit-
Market Cap₹837.19Cr

Key Statistics

P/E Ratio0
PEG Ratio0
Market Cap₹837.19 Cr
P/B Ratio0
EPS0

Company Information

Ratnaveer Precision Engineering Ltd was incorporated as Ratnaveer Stainless Products Private Limited on February 20 2002 in Gujarat. Subsequently the name of Company was changed to Ratnaveer Metals Private Limited on May 28 2018. Pursuant to conversion of Company into a Public Limited the name was changed to Ratnaveer Metals Limited on September 27 2018. Further name of the Company was changed to Ratnaveer Precision Engineering Limited and a fresh Certificate of Incorporation was granted by the Registrar of Companies Ahmedabad on November 01 2022.The Company is a stainless steel SS product manufacturer producing finished sheets washers solar roofing hooks pipes and tubes. The Company operate 4 manufacturing units out of which 2 are located at Savli Gujarat UnitI and UnitII one is located at Waghodia Gujarat UnitIII and the other one is located at Vatva Gujarat UnitIV with convenient transportation of products available. The Company manufacture finishing sheets washers and solar mounting hooks at Unit I and SS pipes tubes at Unit II. In Unit III the Company melt steel scrap and turn it into steel ingots and Unit IV is the rolling unit where flat ingots are processed to turn them into sheets which are the raw material for washers.The Company manufacture SS Finishing Sheets SS Washers and SS Solar roofing hooks at Unit I. The scrap generated primarily in the manufacturing process of SS Washers and SS Solar roofing hooks is sent to Unit III where this scrap and the scrap purchased from third parties is sorted categorized and melted in heating furnaces and cooled naturally to form the SS ingots. These ingots are sent for job work for conversion into flat ingot. The flat ingots are then brought to Unit IV where the flat ingots are converted into SS sheets and sent back to Unit I for utilization as raw material in its manufacturing process.The Company had started business activities with manufacturing of SS washers and since then branched out to manufacturing finishing sheets solar roofing hooks tubes and pipes which enabled to diversify their product portfolio manifold. In 2002 it started operations from the melting unit UnitIII at Waghodia Vadodara commenced production of finishing line sheets at Unit I in 201011 and later on their production started further for SS tubes pipes at their UnitII in 201011.The Company is proposing to issue upto 15300000 Equity Shares through Fresh Issue and 2100000 Equity Shares through Offer for Sale..

Share Price: ₹171.30 per share as on 16 Jul, 2024 12:18 PM
Market Capitalisation: ₹837.19Cr as of today
Listing date: 11 Sep, 2023
Chairperson Name: Vijay Ramanlal Sanghavi
OrganisationRatnaveer Precision Engineering Ltd
HeadquartersVadodara
IndustrySteel
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Key events for Ratnaveer Precision Engineering Ltd

  • Ratnaveer Precision Engineering Shares Surge on ICICI Buy Rating - 27 Jun, 2024

    Shares of Ratnaveer Precision Engineering surged by 39% in June so far, reaching an all-time high of ₹167 per share. ICICI Direct has assigned a buy rating with a target price of ₹200 apiece, estimating strong earnings growth for the Gujarat-based stainless steel product manufacturer.

  • ICICIdirect Recommends Buy Rating for Ratnaveer Precision Engineering - 26 Jun, 2024

    ICICIdirect has recommended a buy rating on Ratnaveer Precision Engineering with a target of Rs 200 in the next 12-18 months. The brokerage firm expects significant improvement in operational and financial performance, driven by strong growth opportunities, augmentation of capacities, improving product mix, and operational efficiencies. Revenue CAGR is estimated at ~23% over FY24-26E, while EBITDA and PAT are expected to increase by ~42% and ~44% CAGR respectively.

  • Anand Rathi Recommends Buy on Ratnaveer Precision Engineering - 05 Jun, 2024

    Anand Rathi has recommended a buy call on Ratnaveer Precision Engineering with a target price of Rs 132. The company reported a standalone total income of Rs 146.68 crore for the quarter ended March 31, 2024, and net profit after tax of Rs 5.61 crore in the latest quarter.

Insights on Ratnaveer Precision Engineering Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 34.05% to 40.70% in Dec 2023 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 55.48% of holdings in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 year, RATNAVEER stock has moved down by -0.2%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 10.47% to 3.82% in Dec 2023 quarter

Company Financials

Value in ₹ crore
2023Y/Y Change
Total Assets
₹389.12Cr
↑26.06%
Total Liabilities
₹282.01Cr
↑16.70%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
-₹14.34Cr
↓7.54%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
55.48%
0.00
Foreign Institutions
1.19%
704.24
Mutual Funds
0%
0.00
Retail Investors
43.32%
-2.33
Others
0.01%
-50.24

Key Indicators

Earnings and Dividends

  • Ratnaveer Precision Engineering Ltd Earnings Results

    Ratnaveer Precision Engineering Ltd’s net profit fell -38.69% since last year same period to ₹5.61Cr in the Q4 2023-2024. On a quarterly growth basis, Ratnaveer Precision Engineering Ltd has generated -39.42% fall in its net profits since last 3-months.

    Read More about Earnings Results

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Ratnaveer Precision Engineering Ltd is currently in a Bullish trading position according to technical analysis indicators.

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Ratnaveer Precision Engineering Ltd (RATNAVEER) share price today is ₹171.3

Ratnaveer Precision Engineering Ltd is listed on NSE

Ratnaveer Precision Engineering Ltd is listed on BSE

  • Today’s highest price of Ratnaveer Precision Engineering Ltd is ₹173.62.
  • Today’s lowest price of Ratnaveer Precision Engineering Ltd is ₹170.5.

Today’s traded volume of Ratnaveer Precision Engineering Ltd(RATNAVEER) is 12.49L.

Today’s market capitalisation of Ratnaveer Precision Engineering Ltd(RATNAVEER) is ₹837.19Cr.

Ratnaveer Precision Engineering Ltd(RATNAVEERPrice
52 Week High
₹176.09
52 Week Low
₹107.1

Ratnaveer Precision Engineering Ltd(RATNAVEER) share price is ₹171.3. It is down -2.72% from its 52 Week High price of ₹176.09

Ratnaveer Precision Engineering Ltd(RATNAVEER) share price is ₹171.3. It is up 59.94% from its 52 Week Low price of ₹107.1

Ratnaveer Precision Engineering Ltd(RATNAVEERReturns
1 Day Returns
-1.32%
1 Month Returns
36.29%
3 Month Returns
37.88%
1 Year Returns
33.45%