160.55
167.77
107.10
273.97
107.10
273.97
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Current Price
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Stock PE (TTM)
Promoter Holding
Book Value
ROCE
ROE
Ratnaveer Precision Engineering Limited was incorporated as "Ratnaveer Stainless Products Private Limited" on February 20, 2002 in Gujarat. Subsequently, Company name was changed to "Ratnaveer Metals Private Limited" on May 28, 2018. Pursuant to conversion of Company into a Public Limited, the name 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, (Unit-I and Unit-II) one is located at Waghodia, Gujarat (Unit-III) and the other one is located at Vatva, Gujarat (Unit-IV) 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 (Unit-III) at Waghodia, Vadodara; commenced production of finishing line sheets at Unit I in 2010-11 and later on their production started further for SS tubes & pipes at their Unit-II in 2017-18. The Company made an Initial Public Offer of 16,840,000 Equity Shares by raising funds aggregating to Rs 165 Crore comprising a Fresh Issue of 13,800,000 Equity Shares aggregating to Rs 135.2 Crore and an Offer for Sale of 3,040,000 Equity Shares aggregating to Rs 29.8 Crore in September, 2023.
Ratnaveer Precision Engineering share price as on 09 Feb 2025 is Rs. 162.15. Over the past 6 months, the Ratnaveer Precision Engineering share price has decreased by 6.26% and in the last one year, it has increased by 16.78%. The 52-week low for Ratnaveer Precision Engineering share price was Rs. 107.1 and 52-week high was Rs. 273.97.
543978
RATNAVEER
INE05CZ01011
Jul
You can buy Ratnaveer Precision Engineering Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Ratnaveer Precision Engineering Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 07, 2025 03:54 PM the closing price of Ratnaveer Precision Engineering Ltd was Rs.162.15.
The latest PE ratio of Ratnaveer Precision Engineering Ltd as of Feb 07, 2025 03:54 PM is 20.67
The latest PB ratio of Ratnaveer Precision Engineering Ltd as of Feb 07, 2025 03:54 PM is 0.40
The 52-week high of Ratnaveer Precision Engineering Ltd share price is Rs. 273.97 while the 52-week low is Rs. 107.10
According to analyst recommendations, Ratnaveer Precision Engineering Ltd Share has a "Buy" rating for the long term.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Feb 07, 2025 03:54 PM, the market cap of Ratnaveer Precision Engineering Ltd stood at Rs. 860.19 Cr.
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