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Ratnaveer Precision Engineering
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Ratnaveer Precision Engineering Ltd was incorporated as 'Ratnaveer Stainless Products Private Limited' on February 20, 2002 in Gujarat. Subsequently, the name of Company was changed to 'Ratnaveer Metals Private Limited' on May 28, 2018. Pursuant to conversion of Company into a Public Limited, the name was 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 2010-11.
The Company is proposing to issue upto 15,300,000 Equity Shares through Fresh Issue and 2100000 Equity Shares through Offer for Sale.
Ratnaveer Precision Engineering share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Ratnaveer Precision Engineering indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Ratnaveer Precision Engineering is valued compared to its competitors.
Ratnaveer Precision Engineering PE ratio helps investors understand what is the market value of each stock compared to Ratnaveer Precision Engineering 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Ratnaveer Precision Engineering evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Ratnaveer Precision Engineering generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Ratnaveer Precision Engineering in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Ratnaveer Precision Engineering shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Ratnaveer Precision Engineering compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Ratnaveer Precision Engineering over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Ratnaveer Precision Engineering helps investors get an insight into when they can enter or exit the stock. Key components of Ratnaveer Precision Engineering Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Ratnaveer Precision Engineering shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Ratnaveer Precision Engineering ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Ratnaveer Precision Engineering provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Ratnaveer Precision Engineering highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Ratnaveer Precision Engineering .
The balance sheet presents a snapshot of Ratnaveer Precision Engineering ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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