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RATNAVEER PRECISION ENG LTD (RATNAVEER)

Non-Energy Minerals · Steel · figures to Nov '26

Price #6
Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.48 / 100
Profitability 54Balance sheet 43

Passes these screensHigh MomentumNear 52-week high

Compare withJSW STEELTATA STEELJINDAL STEEL

Share price

Closing priceAdjusted for splits and bonus issues.

₹364.6 latest close · +110.9% over the last 90 sessions

₹200₹300₹400Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹200₹300₹400Jul 3Sep 4Nov 9

₹364.6 month-end · +138.8% over 12 months

₹200₹300Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹200₹300Nov '25May '26Nov '26

₹364.6 month-end · +131.3% since Jun '25

₹200₹300Jun '25Sep '25Jan '26Apr '26Aug '26Nov '26 ₹200₹300Jun '25Mar '26Nov '26

52-week range ₹129.98 to ₹389.90 · 1-year volatility 51.3%

Was the rally earned?

+139%share price, 1 yearMultiple-driven

Partly.

  • Most of the rise came from investors paying a higher multiple (P/E 20.3x to 41.0x); per-share earnings added 27 points.
  • The share count rose 34%.
Net profit growth: +74 pts. Points of the price return explained by net profit growing (or shrinking).+74 ptsNet profit growthP/E change: +112 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+112 ptsP/E changeShare count change: −47 pts. Points of the price return explained by the share count changing. More shares count against the price.−47 ptsShare count changeShare price: +139%+139%Share priceNet profit growth: +74 pts. Points of the price return explained by net profit growing (or shrinking).+74ProfitP/E change: +112 pts. Points of the price return explained by the market paying a higher or lower P/E multiple.+112P/EShare count change: −47 pts. Points of the price return explained by the share count changing. More shares count against the price.−47SharesShare price: +139%+139%Share price
Net profit growth+74 ptsNet profit rose about 59%, which lifts the price.
P/E change+112 ptsThe P/E rose from 20.3x to 41.0x, which lifts the price.
Share count change-47 ptsShare count rose 34%, which lowers the price.
What do "pts" mean?

"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.

Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.

Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.

Net profit is trailing twelve months as reported with a 60-day lag.

Compare this with JSW STEEL

How rough has the ride been?

Maximum drawdown-53.0%recovered 2026-08
1-year volatility51.3%annualised
Beta vs sector index1.033-year daily, correlation 0.41
Volume spikes14last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%202420252026−52.5% 0%−20%−40%202420252026−52.5%
Largest drawdowns

-53.0% (2024-11 peak to 2025-04 low, recovered 2026-08)

-26.4% (2024-02 peak to 2024-03 low, recovered 2024-06)

-18.7% (2024-09 peak to 2024-10 low, recovered 2024-11)

Most recent volume spikes

2026-08-21: 5x the 50-day median, price -0.8% that day

2026-08-20: 5.6x the 50-day median, price +7.5% that day

2026-08-18: 7.3x the 50-day median, price +3.0% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Where does it rank among Non-Energy Minerals peers?

Each cell is the company's percentile rank among its Non-Energy Minerals peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE60th
  • Op. margin47th
  • Revenue growth82nd
  • EPS growth62nd
  • Debt/equity ↓37thflat vs a year ago
  • Cash cycle ↓50th▲ 6 pts vs a year ago
  • P/E ↓25th▼ 43 pts vs a year ago
  • 12M momentum99th▲ 84 pts vs a year ago

Rank history

ROCE
Op. margin
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Non-Energy Minerals sector page Watch it move against Non-Energy Minerals in the Observatory

What is the price implying?

~24%annual earnings growth implied by the price

At a P/E of 41.0x, the price would imply about 23.8%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.

Fewer than six years of annual earnings are available, which is too little to measure delivered growth.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Non-Energy Minerals The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹364.60
P/E
41.0x
ROCE
12.0%
Market Cap
₹3062 cr
Revenue (TTM)
₹1119 cr
P/S
2.7x
P/B
4.6x
ROE
11.2%
Operating Margin
10.0%
Debt / Equity
0.5x
Promoter Holding
45.5%
12M Momentum
138.8%

52-week range

₹129.98₹389.90
90% of the way from its 52-week low to its high

Price risk

1Y volatility
51.3%
Beta vs sector
1-year daily
0.90

Balance sheet & cash

Interest cover
operating profit ÷ interest
4.3x
Share count, 1Y
+28.3%

Are profits backed by cash?

1 of 2checks within range1 near a threshold
Other income reliance16%Near threshold

Other income as a share of pre-tax profit (trailing twelve months): 16.3%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate17%Within range

Median quarterly effective tax rate over about 2.5 years: 17.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion—Not enough data

Not enough reported data to compute this.

Free cash flow—Not enough data

Not enough reported data to compute this.

Receivable days vs history—Not enough data

Not enough reported data to compute this.

Capital work in progress—Not enough data

Not enough reported data to compute this.

Payable days—Not enough data

Not enough reported data to compute this.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 2 years, promoters trimmed 10.0 pts; DIIs added 2.0 pts.
  • The number of shareholders rose from 42,400 to 55,925 (+32%) between Dec 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupDec '23Jun '26Change
Promoters55.5%45.5%-10.0 pts
FIIs3.8%3.5%-0.3 pts
DIIs0.0%2.0%+2.0 pts
Public and others40.7%49.0%+8.3 pts

Number of shareholders

55,925shareholders+32% since Dec '23
42k47k51k56k Dec '23Jun '24Dec '24Jun '25Dec '25Jun '26
Dec '23: 42,400
Mar '24: 44,745
Jun '24: 44,404
Sep '24: 54,887
Dec '24: 53,829
Mar '25: 54,261
Jun '25: 54,283
Sep '25: 53,508
Dec '25: 55,058
Mar '26: 54,477
Jun '26: 55,925
 42k47k51k56k Dec '23Dec '24Dec '25Jun '26
Dec '23: 42,400
Mar '24: 44,745
Jun '24: 44,404
Sep '24: 54,887
Dec '24: 53,829
Mar '25: 54,261
Jun '25: 54,283
Sep '25: 53,508
Dec '25: 55,058
Mar '26: 54,477
Jun '26: 55,925

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

+6.1%typical 12-month return vs the marketNot meaningfully different from the base rate
  • We found 50 past situations where a non-financial company looked like RATNAVEER PRECISION ENG LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −24% to +58% vs the market, against −4% for all non-financial companies in the same months.
  • The gap against the base rate (+10.1%, 80% range −7.4% to +30.2%) is within what chance and overlapping periods produce.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
DYNAMIC · Dec 2024: −66.2% vs market
LOKESHMACH · Mar 2024: −57.5% vs market
SOUTHWEST · Apr 2022: −43.1% vs market
SALZERELEC · Nov 2024: −38.6% vs market
CAMLINFINE · Apr 2021: −36.2% vs market
SOLARA · Oct 2020: −31.4% vs market
STERTOOLS · Feb 2023: −29.6% vs market
FSL · May 2025: −29.3% vs market
AJMERA · Aug 2021: −29.1% vs market
BIRLANU · May 2021: −28.7% vs market
KDDL · Nov 2023: −26.8% vs market
HLEGLAS · Oct 2025: −25.7% vs market
VADILALIND · Dec 2022: −24.3% vs market
SUDARSCHEM · Mar 2025: −22.4% vs market
HINDWAREAP · Oct 2021: −21.6% vs market
SOMANYCERA · Jul 2021: −17.4% vs market
GRPLTD · Jun 2024: −15.9% vs market
RAMASTEEL · Dec 2022: −14.9% vs market
TERASOFT · Aug 2025: −12.9% vs market
VISHNU · Mar 2022: −11.1% vs market
KRISHANA · Dec 2022: −9.3% vs market
RKFORGE · Aug 2023: −7.9% vs market
PGIL · Feb 2025: −2.9% vs market
SALASAR · Dec 2022: 0% vs market
POWERMECH · May 2023: +1.6% vs market
JBMA · Dec 2021: +10.6% vs market
EPL · Jan 2020: +13.5% vs market
ARIHANTSUP · Nov 2021: +22.1% vs market
ARTEMISMED · Sep 2023: +23.5% vs market
TDPOWERSYS · Mar 2023: +25.8% vs market
GRANULES · Apr 2020: +28.6% vs market
TRIDENT · Sep 2021: +29.7% vs market
APOLLO · Jun 2023: +32.4% vs market
KOPRAN · Apr 2021: +34.0% vs market
GREENPANEL · Sep 2021: +37.1% vs market
GALLANTT · Apr 2024: +45.2% vs market
PGEL · Sep 2022: +49.3% vs market
HSCL · Dec 2023: +60.7% vs market
LUMAXTECH · Sep 2025: +65.2% vs market
KALYANKJIL · Aug 2023: +65.9% vs market
COMSYN · Sep 2025: +73.1% vs market
AXISCADES · May 2025: +75.0% vs market
KIRLOSENG · Apr 2023: +75.7% vs market
SYRMA · Aug 2025: +77.1% vs market
MBAPL · Aug 2025: +78.4% vs market
AVALON · Oct 2025: +82.0% vs market
ELECON · Nov 2021: +102.9% vs market
MARINE · Dec 2023: +116.0% vs market
SHAILY · Aug 2024: +129.5% vs market
SANGHVIMOV · Apr 2023: +130.1% vs market
Similar setups +6.1%All companies −4.0%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 4 beyond the range shown, drawn at the edge

Similar setups' median
+6.1%
All companies' median
−4.0%
Beat the market
54% vs 45%

50 past situations · 50 companies · 36 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
VADILALIND
Consumer Non-Durables		 Dec 2022 42x19% +189%−5% −24%
GREENPANEL
Non-Energy Minerals		 Sep 2021 55x12% +536%−3% +37%
ARTEMISMED
Health Services		 Sep 2023 55x11% +160%0% +24%
KDDL
Consumer Durables		 Nov 2023 70x18% +199%0% −27%
POWERMECH
Industrial Services		 May 2023 34x18% +226%−1% +2%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
HSCL
Process Industries		 Dec 2023 62x13% +207%0% +61%
STERTOOLS
Producer Manufacturing		 Feb 2023 47x9% +137%−10% −30%
PGEL
Electronic Technology		 Sep 2022 58x13% +152%−6% +49%
How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: interest cover, P/E and P/S. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to RATNAVEER PRECISION ENG LTD. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

GANESHA ECOSPHEREGANECOS
Process Industries
67%similar
P/Evolatility
SERVOTECH RENEWABLE POWER SYSTSERVOTECH
Producer Manufacturing
64%similar
P/Eoperating margin
ASIAN ENERGY SERVICESASIANENE
Energy Minerals
63%similar
volatilityrevenue
KOPRANKOPRAN
Health Technology
62%similar
promoter holdingoperating margin
FAZE THREEFAZE3Q
Process Industries
61%similar
operating marginP/E
RESPONSIVE INDUSTRIESRESPONIND
Non-Energy Minerals
53%similar
volatilityrevenue
MANAKSIA COATED METALS & INDMANAKCOAT
Non-Energy Minerals
52%similar
P/Eoperating margin
JTL INDUSTRIESJTLIND
Non-Energy Minerals
51%similar
market cappromoter holding

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

22 events since Dec '23

  1. SepPromoterPromoter holding rose 2.8 pts to 45.5%.
  2. SepPeer rankSlipped to the 3rd quartile of Non-Energy Minerals on operating margin (from the 2nd quartile).
  3. AugPriceRegained the 2024-11 peak, 16 months after the low.
  4. JulPriceVolume reached 56.7x its 50-day median on 2026-07-27; price +11.8% that day.
  5. JunSharesShare count is up 28.3% over 12 months.
  6. AprPriceVolume reached 15.3x its 50-day median on 2026-04-29; price +5.1% that day.
  7. MarPromoterPromoter holding fell 8.1 pts to 42.6%.
  8. MarInstitutionsFII + DII holding rose 9.7 pts over 2 quarters to 10.9%.
Show 14 earlier events
  1. JanPriceVolume reached 11.5x its 50-day median on 2026-01-13; price +8.1% that day.
  2. DecPriceVolume reached 17.4x its 50-day median on 2025-12-11; price -1.2% that day.
  3. SepPriceVolume reached 14.1x its 50-day median on 2025-09-24; price +7.4% that day.
  4. MayPriceVolume reached 8.8x its 50-day median on 2025-05-15; price +7.4% that day.
  5. AprPriceFell 53% from the Nov 2024 peak to the Apr 2025 low.
  6. DecPromoterPromoter holding fell 4.8 pts to 50.7%.
  7. NovPriceVolume reached 21.7x its 50-day median on 2024-11-22; price +15.8% that day.
  8. JulPriceVolume reached 13.0x its 50-day median on 2024-07-18; price +10.0% that day.
  9. JunPriceRegained the 2024-02 peak, 3 months after the low.
  10. JunInstitutionsFII + DII holding fell 3.7 pts over 1 quarter to 0.2%.
  11. JunPriceVolume reached 14.2x its 50-day median on 2024-06-26; price +6.8% that day.
  12. MarPriceFell 26% from the Feb 2024 peak to the Mar 2024 low.
  13. FebPriceVolume reached 25.8x its 50-day median on 2024-02-01; price +14.7% that day.
  14. DecPriceVolume reached 9.1x its 50-day median on 2023-12-28; price -2.9% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history18 months · 2025-06 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-1141.0x₹1119 cr11.2%12.0%0.5x
2026-1040.5x₹1119 cr10.0%12.0%0.5x
2026-0937.2x₹1119 cr10.0%12.0%0.5x
2026-0833.5x₹1069 cr9.6%12.0%0.5x
2026-0719.8x₹1069 cr9.6%12.0%0.5x
2026-0619.8x₹1069 cr9.6%12.0%0.5x
2026-0518.8x₹1023 cr15.6%—0.5x
2026-0418.6x₹1023 cr15.6%—0.5x
2026-0315.0x₹1023 cr15.6%—0.5x
2026-0219.8x₹892 cr12.7%—0.5x
2026-0120.3x₹892 cr12.7%—0.5x
2025-1220.2x₹892 cr12.7%—0.5x
2025-1120.3x₹892 cr12.7%—0.5x
2025-1019.8x₹892 cr12.7%—0.5x
2025-0920.9x₹892 cr12.7%—0.5x
2025-0818.7x₹892 cr12.7%—0.5x
2025-0718.5x₹892 cr12.7%—0.5x
2025-0621.0x₹892 cr12.7%—0.5x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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