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Ratnaveer Precision Engineering reported a healthy performance in Q1FY27

ICICIdirect Research 27 Jul 2026 DISCLAIMER

News: Ratnaveer Precision Engineering reported a healthy performance in Q1FY27, with revenue increasing 18.9% YoY to ₹315 crore. EBITDA grew 19.1% YoY to ₹32.2 crore, while EBITDA margin remained broadly stable at 10.2%. PAT increased 22.0% YoY to ₹18.2 crore, with PAT margin improving to 5.8% from 5.6% in Q1FY26. During the quarter, the company received in-principle approval under the Gujarat Electronics Policy for its ₹472.3 crore Copper Clad Laminate (CCL) project, while the ECMS-approved ₹338 crore CCL project achieved ~60% completion and remains on track for commercial production by November 2026. The company also received NSE and BSE approvals for a ₹330 crore rights issue. 

View: Ratnaveer's core stainless-steel business continues to deliver steady growth, supported by export demand, product diversification and backward integration. The key growth catalyst remains the CCL project, with ~60% construction completed and commercial production targeted by November 2026, positioning the company to enter India's import-dependent electronics materials market. The planned ₹472.3 crore expansion, coupled with the ₹330 crore rights issue, strengthens the company's long-term growth pipeline, while execution of the CCL project and margin improvement will remain key monitorables. 

Impact: Positive

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