Ratnaveer Precision Engineering Ltd. – Company Report
1. Company Overview
Ratnaveer Precision Engineering Ltd., incorporated in 2002 and headquartered in Vadodara, Gujarat, is one of India’s leading manufacturers and exporters of stainless steel (SS) products. The company specializes in high-precision SS finished sheets, washers, solar roofing hooks, pipes, and tubes, supplying a diverse range of industries including automotive, solar/wind power, pharmaceuticals, oil & gas, construction, and consumer appliances. Ratnaveer operates four modern manufacturing units—three in Vadodara (Savli, Waghodia) and one in Vatva, Ahmedabad—with backward integration capabilities ensuring end-to-end quality control. With a workforce of 500–1,000 employees, Ratnaveer is known for its cutting-edge technology, flexibility in custom product development, and robust global delivery network.
Key Highlights
- Incorporated: 2002
- Headquarters: Vadodara, Gujarat, India
- Employees: 500–1,000
- Certifications: ISO 9001
- Manufacturing Units: Four (three in Vadodara, one in Ahmedabad)
- Product Portfolio: SS finished sheets, washers (2,500+ sizes), solar mounting hooks, pipes/tubes
- Market Cap (Aug 2025): ~₹756–785 crore
- Listed: NSE, BSE
- Promoters/Leadership: Vijay Ramanlal Sanghavi (Chairman, MD, CFO), Babulal Sohanlal Chaplot (Whole-Time Director)
- Unique Strengths: Vertically integrated, global exports, rapid product innovation, scale in washers (4,000 MT/annum)
2. Products and Services
- SS Finished Sheets – Used in kitchenware, appliances, construction, and industrial sectors
- SS Washers – 2,500+ sizes; key use in automotive, solar mounts, and precision machinery
- SS Solar Roofing Hooks – Designed for solar mounting structures in energy projects
- SS Pipes & Tubes – Serve process industries, pharma, oil & gas, plumbing, power plants, infrastructure
- Custom Fabrications – Valves and industrial components made to exact customer specs
Ratnaveer’s fully backward-integrated supply chain (melting, rolling, finishing, stamping, machining, packing) allows for greater customization, quality assurance, and cost control. The company caters to both Indian and global markets.
3. Recent News and Financial Developments
- Q1 FY2026 (June 2025): Highest-ever quarterly revenue and profit in the last 5 quarters
- July 2025: Launched new product lines targeting automation and clean energy segments
- Export Expansion: Secured new long-term contracts with global solar component companies
- CapEx: Increased automation and vertical integration investments for efficiency gains
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹891.88 crore |
| Net Profit | ₹46.82 crore |
| Operating Margin | 10% |
| Net Profit Margin | 5.3% |
| EPS | ₹8.83 |
| ROE | ~15% |
| Dividend | No payout (profits reinvested) |
| Debt | Conservative; improved working capital (debtor days: 26.8) |