Employees: 380
Size Ratnaveer Precision Engineering (RATNAVEER.NS) is an India Materials company (Steel) with a market value of $325M, the 1021st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹365.75 on 6 Nov 2026.
Performance Over six months the shares gained 105.9%, against -3.0% for the median peer and 0.0% for the India market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue grew 21.0% over the last twelve months (peer median +6.5%); the operating margin is 8.1% (peer median 2.7%).
Valuation It trades at 19.9× forward earnings against a peer median of 25.5× (4th cheapest of 12).
Capital Return on invested capital runs 6.5 points below its cost of capital (14.7% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹12.2B | ₹10.7B | ₹8.92B | ₹5.95B | ₹4.80B |
| Revenue growth | — | +20% | +50% | +24% | — |
| Gross profit | ₹1.61B | ₹1.03B | ₹824M | ₹526M | ₹513M |
| EBITDA | ₹1.26B | ₹1.13B | ₹875M | ₹504M | ₹463M |
| Net income | ₹762M | ₹643M | ₹468M | ₹310M | ₹250M |
| Free cash flow | n/a | -₹1.79B | -₹536M | -₹632M | -₹289M |
| Capital expenditure | n/a | ₹1.14B | ₹1.38B | ₹660M | ₹185M |
| Total debt | ₹2.64B | ₹3.35B | ₹1.95B | ₹2.07B | ₹2.30B |
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| Measure | RATNAVEER.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.7% | -7.2% | 2nd highest of 21 |
| 6-month return | +105.9% | -3.0% | highest of 20 |
| Distance from 52-week high | -6.2% | -25.2% | 2nd highest of 21 |
| Revenue growth (TTM) | +21.0% | +6.5% | 3rd highest of 20 |
| Operating margin | 8.1% | 2.7% | 7th highest of 20 |
| Forward P/E | 19.9× | 25.5× | 4th cheapest of 12 |
| ROIC minus cost of capital | -6.5 pp | -4.2 pp | 8th lowest of 19 |
| EV / EBITDA | 23.0× | 15.6× | 3rd most expensive of 10 |
| Net debt / EBITDA | -1.4× | 0.5× | 2nd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ratnaveer Precision Engineering RATNAVEER.NS | India | $325M | +106% | +21% | 8% | 19.9× | n/a | n/a |
| A-One Steels India AONESTEELS.NS | India | $323M | n/a | n/a | n/a | n/a | n/a | n/a |
| Welspun Specialty Solutions WELSPLSOL.NS | India | $316M | +5% | +5% | 3% | 20.7× | n/a | n/a |
| JTL Industries JTLIND.NS | India | $314M | -8% | +16% | 7% | 19.2× | n/a | n/a |
| DONGKUK STEEL MILL 460860.KS | South Korea | $308M | -45% | +12% | 3% | 8.5× | n/a | n/a |
| YC Inox 2034.TW | Taiwan | $344M | +4% | -20% | 3% | 32.6× | n/a | n/a |
| SeAH 058650.KS | South Korea | $346M | -27% | +16% | 4% | n/a | n/a | n/a |
| Kisco 104700.KS | South Korea | $302M | +22% | +2% | -9% | n/a | n/a | n/a |
| Chubu Steel Plate 5461.T | Japan | $353M | -3% | +19% | 0% | n/a | n/a | n/a |
| Kg Dongbusteel 016380.KS | South Korea | $354M | -32% | +6% | 2% | 3.6× | -14.9% | +6.4% |
| SeAH Steel 003030.KS | South Korea | $298M | -58% | +11% | 2% | n/a | n/a | n/a |
| Tokyo Tekko 5445.T | Japan | $296M | +3% | -2% | 14% | n/a | n/a | n/a |
| Tubacex TUB.MC | Spain | $358M | -6% | -7% | -2% | 76.4× | 15.7% | +9.3% |
| John Cockerill India COCKERILL.NS | India | $358M | +23% | +174% | -1% | n/a | 21.5% | +0.4% |
| Jiangsu Wujin Stainless Steel Pipe 603878.SS | China | $360M | -46% | -9% | -4% | 22.5× | 6.6% | -0.6% |
| Jiangsu Safety 603028.SS | China | $290M | -22% | -45% | -17% | 84.8× | n/a | n/a |
| Vardhman Special Steels VSSL.NS | India | $371M | +31% | +15% | 11% | 25.5× | n/a | n/a |
| Venus Pipes & Tubes VENUSPIPES.NS | India | $377M | +21% | +22% | 14% | 25.9× | n/a | n/a |
| Kirloskar Industries KIRLOSIND.NS | India | $381M | +2% | +4% | 8% | 73.3× | 3.2% | +27.5% |
| Steelcast STEELCAS.NS | India | $387M | +23% | +9% | 24% | n/a | 30.2% | +22.2% |
| Kalyani Steels KSL.NS | India | $392M | -5% | -5% | 17% | n/a | 19.1% | +9.4% |