Ratnaveer Precision Engineering Posts Robust Q1 Growth, Margins Hold Steady
The stainless steel products maker reported an 18.9% YoY revenue jump and a 22% profit rise, maintaining healthy profitability.
Ratnaveer Precision Engineering started FY27 on a strong note, with double-digit growth in both revenue and profit. The company's net profit margin improved slightly year-on-year.
Ratnaveer Precision Engineering has kicked off the new fiscal year with solid momentum, reporting strong double-digit growth in both revenue and profit for the first quarter. The performance reflects healthy demand for its stainless steel products across automotive, solar, and pharmaceutical sectors.
Revenue for the quarter ended June 2026 rose to ₹314.63 crore, a significant 18.9% increase compared to the same period last year. Profit after tax grew even faster, climbing 22% year-on-year to ₹18.24 crore. This indicates the company successfully translated higher sales into improved bottom-line performance. Sequentially, revenue surged 26.4% from the previous quarter, although profit growth was more modest at 7.1%.
The company's net profit margin for the quarter stood at 5.8%. This represents a slight 20 basis point improvement from the 5.6% margin in Q1 FY26, showing stable profitability. However, it dipped from the 6.8% margin achieved in the preceding quarter (Q4 FY26), suggesting some pressure on profitability amid rapid revenue expansion.
A look at the recent quarterly performance shows a clear upward trajectory in both revenue and profit over the past year.
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Period | Quarter ended June 2026 | Quarter ended March 2026 | Quarter ended June 2025 |
| Revenue (₹ Cr) | 314.63YoY +19% | 248.96 | 264.62 |
| Profit (₹ Cr) | 18.24YoY +22% | 17.03 | 14.95 |
| Net Profit Margin (%) | 5.8YoY +3.6% | 6.8 | 5.6 |
Key Points
- The trailing twelve-month (TTM) revenue stands at ₹1,031.33 crore with a TTM net profit margin of 5.9%.
- The stock has delivered a strong 44.7% return over the past year, closing at ₹203.25 on the results date.
- The company maintains a solid balance sheet with a Return on Equity (ROE) of 17.36% and a manageable debt-to-equity ratio of 0.82.
- At a P/E of 18.0, Ratnaveer trades at a discount to its industry average P/E of 22.7.
With a strong start to the year and a valuation below its industry peers, Ratnaveer's focus will be on sustaining its growth momentum while managing costs to protect its margins.
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· RATNAVEER
(BSE)
ISIN: INE05CZ01011
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