Ratnaveer Precision Engineering logo

Ratnaveer Precision Engineering financials and balance sheet

NSE: RATNAVEERBSE: 543978Industrial ProductsSmall Cap

Last close ₹330.70up ₹4.40 (1.35%)BSE ₹330.85

Share price at the NSE close on 23 Oct 2026. Previous close ₹326.30.

52-week range of traded prices to 23 Oct 2026
₹130.50Low, 30 Mar 2026₹358.80High, 19 Oct 2026
Market cap
₹2,775 Cr1,452nd largest listed
P/E
41.1
P/B
Shares changed
Dividend yield
Nonein the last 12 months
ROE
13.0%
ROCE
9.0%
Debt to equity
0.50
Volume, NSE
70,20,49523.8% delivered

3 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.Ratnaveer Precision Engineering annual reports

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
Peak revenue ₹1,069 Cr, year to Mar 2026

Operating and net margin, per cent

  • Operating margin
  • Net margin

Results for the year to Mar 2026

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue1,069
  2. Materials and goods−893
  3. Employee costs−13
  4. Other expenses−51
  5. Operating profit112
  6. Depreciation−25
  7. Other income+9.7
  8. One-off items0.0
  9. Finance costs−20
  10. Profit before tax76
  11. Tax−12
  12. Net profit64

What the company owns

  • Plant, investments and other assets₹529 Cr
  • Inventory₹289 Cr
  • Cash and bank₹269 Cr
  • Receivables₹175 Cr

What pays for it: net worth and liabilities

  • Net worth₹669 Cr
  • Borrowings₹335 Cr
  • Owed to suppliers₹222 Cr
  • Other liabilities₹35 Cr

Profit and loss

Standalone, ₹ crore, years to March.Ratnaveer Precision Engineering quarterly results

₹ croreMar 2024Filed 30 MayMar 2025Filed 12 JunMar 2026Filed 1 Sep
Revenue from operations5958921,069
545805957
Materials and goods bought512755893
Employee costs71013
Other expenses264151
Operating profit before depreciation5086112
Operating margin8.4%9.7%10.5%
Materials, % of revenue86.0%84.6%83.5%
Employee costs, % of revenue1.1%1.2%1.2%
Other expenses, % of revenue4.4%4.6%4.7%
Depreciation and amortisation61725
Operating profit after depreciation446987
Other income7410
Finance costs121320
One-off items000
Profit before tax396176
81412
Net profit314764
Other comprehensive income000
Total comprehensive income314664
Net margin5.2%5.2%6.0%

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2024Filed 30 MayMar 2025Filed 12 JunMar 2026Filed 1 Sep
252371669
Share capital495368
Reserves203318601
207195335
224305539
407054
Total assets5167461,262
123251339
393496923
Net debt14812966
Borrowings are counted again inside the liabilities due within a year and after a year.

Cash flow

Standalone, ₹ crore, years to March.

₹ croreMar 2024Filed 30 MayMar 2025Filed 12 JunMar 2026Filed 1 Sep
1295−48
19101−43
−3513−158
Receivables19−26−112
Inventories−39−483
Payables677102
Other working capital−2110−151
Tax paid−7−6−5
Capital spending66138114
Free cash flow−54−43−163
−63−136−103
8047354
Dividends paid000
Shares bought back000
Shares issued1151236
Net change in cash296203
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2024Filed 30 MayMar 2025Filed 12 JunMar 2026Filed 1 Sep
Earnings per share₹7.61₹9.31₹11.11
Diluted earnings per share₹7.61₹9.31₹11.11
Book value per share₹51.98₹69.66₹98.42
Shareholder yield−20.6%−1.6%−4.1%
Market cap at the year end (₹ crore)559724891
RatioMar 2024Filed 30 MayMar 2025Filed 12 JunMar 2026Filed 1 Sep
Revenue growth–49.8%19.8%
Operating profit growth–72.8%29.9%
Net profit growth–50.8%37.4%
Earnings per share growth–22.3%19.3%
12.3%15.0%12.4%
–2.7 pts−2.7 pts
From the net margin–0.1 pts2.2 pts
From asset turnover–2.8 pts−4.2 pts
From borrowing–−0.2 pts−0.6 pts
Return on capital employed9.6%12.2%8.6%
Cash conversion39.8%202.8%−75.3%
Interest cover3.75.54.2
Debt to equity0.820.530.50
Receivable days272760
Inventory days175142118
Payable days315891
Cash conversion cycle, days17111087
Working capital days173108143
Asset turnover1.151.411.06
Assets per rupee of net worth2.052.031.93
Sales per rupee of plant14.854.794.41
Capital spending to depreciation11.338.084.50
Plant being built, % of plant in use113.1%28.9%34.0%

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2026.

Return on assets, latest year
6.4%
Cash from operations against operating profit
−43.1%
Measure3 years
Return on equity, average13.2%
Return on capital employed, average10.2%
Operating margin, average9.5%
Net margin, average5.5%
Asset turnover, average1.21
Cash conversion cycle, days, average123
Interest cover, average4.5
Debt to equity, average0.62

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore3 yearsLatest year
Cash from operations59−48
Cash from investing−302−103
Cash from financing482354
Capital spending319114
Dividends paid00
Shares bought back00
Shares issued for cash16336
Borrowings raised140140
Borrowings repaid351

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2024Mar 2025Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9––4
Altman Z-scorePublished threshold 1.813.703.58–
Beneish M-scorePublished threshold −1.78–−2.47−0.88
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets–13.8921.49
Cash from operations to profit, 3 yearsPublished threshold 0.7 times––0.41
Receivables growth less revenue growthOur threshold 0 percentage points–−3.22146.33
Inventory growth less cost-of-goods growthOur threshold 0 percentage points–−27.75−19.45
Other current assets growth less revenue growthOur threshold 5 per cent of revenue–3.1011.11
Assets under construction, years of additionsOur threshold 2 years of additions–0.331.01
Effective tax ratePublished threshold 17.16 per cent20.5722.82–
Tax charged less tax paid, % of profitOur threshold 10 percentage points2.5612.48–
A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

DateAgencyBorrowing ratedRatingOutlookAmount, ₹ Cr
28 Apr 2026Infomerics Valuation and Ratings Private Limited (opens in a new tab)Short Term RatingIVR A2+Review, Upgrade78
28 Apr 2026Infomerics Valuation and Ratings Private Limited (opens in a new tab)Long Term RatingIVR A-Review, UpgradeStable210.47
The latest rating on each borrowing. The agency's name opens its reasoning for the rating.