Ratnaveer Precision Engineering Limited has informed the Exchange about Transcript
RATNAVEER · price
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Ratnaveer Precision Engineering reported strong performance with revenue growing from Rs 419 crore to Rs 1,078 crore over three years, maintaining 25%+ CAGR. The company is diversifying into Copper Clad Laminate (CCL) for PCB/semiconductor industry with a Rs 351 crore project (plus Rs 46 crore solar capex), targeting Rs 750 crore revenue contribution from CCL alone. The existing stainless steel business is expected to reach Rs 1,800 crore in 3 years, with consolidated target of Rs 2,500 crore. CCL business is guided at 20% EBITDA and 13% PAT margins individually. A Rs 330 crore QIP is planned by September 2026 for funding, while a European precision components acquisition is under due diligence. Management flagged soft confirmations from PCB customers but no firm contracts yet.
The CCL diversification represents significant growth catalyst with first-mover advantage in India but carries execution risk given new industry entry. Management's 2,500 crore revenue target and margin guidance suggest improved profitability trajectory, though promoter dilution to 42-43% will occur. Working capital stress (receivables grew from Rs 65 crore to Rs 175 crore) and negative OCF warrant monitoring.