Ratnaveer Precision Engineering Limited presented its Q1FY27 investor presentation highlighting business performance, financial results, and strategic initiatives.

Business Overview

The company is India's leading exporter of stainless-steel washers and precision fasteners with 25+ years of operations. It operates five integrated manufacturing facilities in Gujarat and has a product portfolio spanning washers, fasteners, tubes and pipes, finishing sheets, and sheet metal components. The company is expanding into electronics-grade materials through its ECMS-approved Copper Clad Laminate facility, positioning itself as India's first integrated FR-4 CCL facility.

Manufacturing Infrastructure and Operations

The company operates four complementary verticals across five purpose-built facilities:

  • Fasteners Division: 3500+ SKUs across metric and inch standards including retaining rings, circlips and e-clips for automotive and industrial OEMs; in-house nuts and bolts manufacturing since FY25
  • Finishing Line Division: Satin, hairline, mirror and scotch-bright finishes with 200,000 pieces (~200 MT) monthly output for elevators, appliances, metro rail, airports and construction

All facilities feature 100% forward and backward integration and carry a long-term credit rating of IVR A- / Stable.

Global Market Presence

The company serves global markets across 31 countries with a distribution-led export model balanced by growing domestic presence across 9 Indian states. Key markets include:

  • Europe: Germany, UK, France, Italy, Spain, Netherlands, Poland, Sweden, Belgium, Austria
  • North America: United States, Canada
  • Asia-Pacific: Japan, Australia, Singapore, Malaysia, South Korea
  • Middle East: Multiple countries
  • Rest of World: South Africa, Brazil, Turkey, New Zealand

Industry Overview and Growth Drivers

The presentation highlighted structural tailwinds across all verticals:

  • Industrial Fasteners: Global market of USD 91 Bn (2025) growing to USD 115.67 Bn (2032) at 3.48% CAGR; Indian market of ₹460 Bn growing 9.6% p.a. since 2018
  • Stainless Steel: Global market of USD 225.13 Bn (2025) growing to USD 353.48 Bn (2034) at 5.00% CAGR; Indian consumption growing at 6.2% CAGR
  • Solar Mounting: India BOS hardware growing at 18% CAGR; 500 GW renewable target for 2030 requires ~425 GW of fresh solar addition from ~73 GW installed in 2024
  • Stainless Steel Pipes and Tubes: Global market of USD 37.18 Bn (2024) growing to USD 60.14 Bn (2034) at 4.6% CAGR

Copper Clad Laminate Project - New Growth Engine

The company is expanding into Copper Clad Laminate (CCL), the high-performance substrate for printed circuit boards, with planned investment aligned with PLI, Make in India, Atmanirbhar Bharat and India Semiconductor Mission policies.

Market Opportunity: Current domestic demand of ₹5,000 Cr with over 90% imported; demand running at 3,00,000+ sheets per month across EVs, 5G, consumer electronics, defence and aerospace.

Financial Projections:

  • Phase 1: Revenue ₹108 Cr, EBITDA ₹22 Cr (20% margin), PAT ₹12 Cr (11% margin), ROI 29%, Capacity 15,84,000 sheets p.a.
  • Scaled Case (FY31): Revenue ₹750+ Cr, EBITDA ₹150 Cr (20% margin), PAT ₹83 Cr (11% margin), ROI 29%, Capacity 79,20,000 sheets p.a. across 5 lines

Execution Status: ₹338 Cr investment over 3 years facilitated under ECMS; Line 1 machinery ordered and inspected; shipment and installation underway; commissioning on track for November 2026; technical collaboration covers equipment, installation, operating procedures, training and quality management with 18-24 months post-commissioning support.

Q1 FY27 Key Business Updates

  • Received Star Performer - Large Enterprise Award at the 42nd EEPC India Export Awards
  • Received in-principle approval under Gujarat Electronics Policy for proposed ₹472.34 Crore CCL Project
  • Infomerics upgraded company's credit ratings: long-term to IVR A- (Stable), short-term to IVR A2+; rated bank facilities enhanced to ₹388.47 crore
  • CCL Project at ~60% completion; commercial production targeted for November 2026
  • Received NSE & BSE in-principle approvals for proposed Rights Issue of up to ₹330 Crore

Q1 FY27 Financial Performance (Consolidated, ₹ in Millions)

| Metric | Q1 FY27 | Q4 FY26 | YoY % Change | Q1 FY26 | QoQ % Change | FY26 |

| Other Income | 37.91 | 73.31 | (48.29%) | 2.83 | 1239.58% | 116.74 |

| Total Income | 3,184.26 | 2,562.91 | 24.24% | 2,649.06 | 20.20% | 10,643.05 |

| Total Expenditure | 2,965.50 | 2,355.46 | 25.90% | 2,469.56 | 20.08% | 9,876.56 |

| EBITDA | 359.75 | 356.55 | 0.90% | 273.08 | 31.74% | 1,287.49 |

| EBITDA Margin | 11.43% | 14.32% | (289 bps) | 10.32% | 111 bps | 11.40% |

| Depreciation | 73.77 | 68.71 | 7.36% | 59.47 | 24.04% | 266.95 |

| Interest Cost | 67.22 | 80.39 | (16.38%) | 34.11 | 97.07% | 252.71 |

| PBT | 218.76 | 207.45 | 5.45% | 179.50 | 21.87% | 769.49 |

| Tax | 36.39 | 37.12 | (1.97%) | 30.04 | 21.14% | 126.44 |

| PAT | 182.37 | 170.33 | 7.07% | 149.46 | 22.02% | 643.05 |

| PAT Margin | 5.80% | 6.84% | (104 bps) | 5.65% | 15 bps | 6.02% |

Note: EBITDA includes other income

Leadership Team

  • Mr. Vijay R Sanghavi (Managing Director and CFO): Founding promoter with 25+ years in ferrous and non-ferrous metals industry; Commerce graduate from MS University, Vadodara; led export expansion, product innovation and stakeholder value creation
  • Mrs. Seema Vijay Sanghavi (Executive Director): Long-standing team member, formerly Chief Sales Coordinator; hands-on expertise in ferrous and non-ferrous metals business; strengthens leadership with sales, marketing and customer relationship management capabilities

Disclaimer

The presentation contains forward-looking statements based on current assumptions that are subject to risks and uncertainties. Financial information for Q1 FY27 is unaudited and subject to limited review. Project economics, capacities, timelines or return estimates are management estimates and do not constitute guidance.