Ratnaveer Precision Engineering Limited

What Ratnaveer Precision Engineering Limited does

Ratnaveer Precision Engineering Limited is an Indian manufacturer and exporter of stainless steel products, headquartered in Vadodara, Gujarat, and listed on NSE (RATNAVEER) and BSE (scrip code 543978) following its September 2023 IPO. Founded in 2000, the company is India's largest stainless steel washer manufacturer with approximately 6,000 metric tons of annual production capacity and over 2,500 SKU variants manufactured to international standards including German DIN, UK BS, US ANSI/ASME, and France AFNOR. Its product portfolio spans stainless steel washers (the core business), solar mounting hooks (Vario, Fix Roofing, Long Roofing, Hammer variants), stainless steel tubes and pipes (welded polished round, rectangular, square, and industrial grades to ASTM standards), finishing sheets (No-04 Matt, Scotch Brite, Mirror, Hairline marketed under the FERRUM brand), and a forthcoming Copper Clad Laminates line approved under India's ECMS scheme.

The company operates backward-integrated manufacturing facilities in GIDC Savli (Manjusar), Vadodara, covering melting, two washer units, and finishing lines, which enable in-house production of any size at any time. Revenue is generated through direct B2B export sales as a recognized Star Export House, with end-customers across industrial manufacturing, solar energy, infrastructure/construction, and (via planned European acquisitions) automotive, aerospace, and defense. Q4 FY26 revenue from operations was Rs 248.96 crore, up 22.58% year-on-year, and Q4 FY26 consolidated net profit was Rs 17.03 crore, up 59.01% year-on-year. The go-to-market is quote-based B2B export with global reach, supplemented by participation in industrial expos, analyst coverage, and a recently established wholly-owned subsidiary (Ratnaveer StainlessInox LLC) to support European expansion.

Capital structure and governance reflect a recently public company in active fundraising mode: the promoter and promoter group hold approximately 55.48% led by Vijay Ramanlal Sanghavi (Managing Director and CFO, 53.54%), with a Rs 185.50 crore QIP completed in December 2025, a Rs 211 crore board-approved raise in June 2025, and a Rs 330 crore rights issue approved in June 2026. The company holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, has received consecutive EEPC Star Performer awards from 2004-05 through 2018-19, and is pivoting strategically into Copper Clad Laminates (Rs 338 crore facility, commercial operations expected November 2026) and European precision engineering acquisitions as its next growth vectors.

Name

Ratnaveer Precision Engineering Limited

Legal name

Ratnaveer Precision Engineering Limited

Website

https://ratnaveer.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

51–100 employees

Short description

Ratnaveer Precision Engineering Limited is an Indian manufacturer and Star Export House producing stainless steel washers, solar mounting hooks, finishing sheets, and tubes for global B2B industrial customers, and is expanding into Copper Clad Laminates and European precision engineering.

Ownership category

akta.pro rank

Product category

Stainless Steel Precision Components

NAICS

Bolt, Nut, Screw, Rivet, and Washer Manufacturing (332722), Hardware Manufacturing (33251)

SIC

Miscellaneous Fabricated Metal Products (3490), Electronic Components, Nec (3679), Screw Machine Products (3451)

akta.pro industry

PRIMARYIMAKABAJ

Specialty & Alloy Steel (Stainless, Tool Steel, Electrical Steel, High-Strength/HSLA)

Industrials, Manufacturing & Construction/Metals & Mining/Steel Production & Processing

SECONDARYIMAKABAL

Steel Service Centers & Processing (Slitting, Cut-to-Length, Blanking, Leveling)

Industrials, Manufacturing & Construction/Metals & Mining/Steel Production & Processing

SECONDARYIMAGAJAM

Industrial PCB & Substrate Components (Bare PCBs, rigid-flex, ceramic substrates, thick-film)

Industrials, Manufacturing & Construction/Electrical Equipment & Industrial Electronics/Electronic Components for Industrial Applications (Passive/active components, industrial-grade modules)

Keywords

• Stainless steel washers
• Precision fasteners
• Solar mounting hooks
• Stainless steel tubes
• Finishing sheets

Headquarters

HQ city

Vadodara

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Stainless Steel Products Export: Manufacturing and export of stainless steel washers, precision fasteners, solar mounting hooks, tubes, pipes, and finishing sheets. The company reported Q4 FY26 revenue from operations of Rs 248.96 crore, a 22.58% year-on-year increase.
2. Q2 FY25-26 Net Sales: Net sales of Rs 285.87 crore reported for Q2 FY25-26, representing 20.1% growth. Company has maintained six consecutive quarters of positive results.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Ratnaveer Precision Engineering Limited manufactures and exports stainless steel washers, solar mounting hooks, stainless steel tubes and pipes, and finishing sheets from its backward-integrated facility in Gujarat, India. With approximately 6,000 metric tons per annum production capacity and over 2,500 product variants conforming to DIN, BS, ANSI/ASME, and AFNOR standards, the company supplies precision stainless steel components to industrial buyers globally across manufacturing, solar, infrastructure, and oil and gas sectors.

Product overview

Ratnaveer Precision Engineering Limited is a stainless steel products manufacturer and exporter established in 2000, offering a diversified product portfolio centered around four core product lines: Stainless Steel Washers (producing over 2500 types across German DIN, UK BS, US ANSI/ASME, and France AFNOR standards with ~6000MT annual capacity), Solar Mounting Hooks (Vario Hook, Fix Roofing Hook, Adaptor, Winkle, Hammer Roofing Bolt, Long Roofing Hook, Gewinde Plate, and Reinforcement), Finishing Sheets (No-04 Matt, Scotch Brite, Mirror, and Hairline finishes marketed under FERRUM brand), and SS Tubes & Pipes (Welded Polished Round, Rectangular, Square, and Industrial pipes meeting ASTM standards). The company is undergoing strategic diversification into Copper Clad Laminates manufacturing for the electronics sector, approved under India's ECMS scheme.

Differentiator

Problem solved

Functional benefit

Products and services

• Stainless Steel Washers India's largest stainless steel washer manufacturer producing around 6,000 metric tons per annum with over 2,500 different washer types following international standards including German DIN, UK BS, US ANSI/ASME, and France AFNOR standards. Targets industrial manufacturers and engineering companies globally.
• Solar Mounting Hooks Stainless steel solar mounting hardware including Vario Hook (adjustable), Fix Roofing Hook, Adaptor, Winkle, Hammer Roofing Bolt, Long Roofing Hook, Gewinde Plate, and Reinforcement components for solar panel installations. Targets solar installation companies and renewable energy integrators.
• Finishing Sheets Stainless steel finishing sheets available in four surface finishes: No-04 Matt (satin finish), Scotch Brite, Mirror finish, and Hairline finish. Marketed under FERRUM brand for cookware, furniture, elevator, architectural decoration, and revolving door applications.
• SS Tube & Pipes Stainless steel welded pipes and tubes including Welded Polished Round Pipes (9.50-101.60mm OD), Welded Rectangular Round Pipes (12.7-101.60mm OD), Welded Square Pipes (10x10-80x80mm), and Industrial Welded Pipes & Tubes (13.7-114.30mm OD) meeting ASTM standards. Used in oil and gas, pulp, dairy, power, and furniture sectors.
• Copper Clad Laminates Fully integrated Copper Clad Laminates manufacturing facility approved under Electronics Component Manufacturing Scheme (ECMS), India's first such facility. Part of strategic diversification from stainless steel into electronic components for the electronics sector.

Quantifiable outcome

• 59.01% increase in net profit in Q4 FY26 vs Q4 FY25
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Ratnaveer StainlessInox LLCcoreStrategic or Co-development Partner · 6 February 2026Wholly-owned subsidiary established through 100% equity subscription to support international presence and expansion, particularly in European markets for automotive, aerospace, and defense precision engineering acquisitions.
• MUFG Intime India Private LimitedcoreOthersRegistrar & Share Transfer Agent for the company, handling share registration, transfer, and related investor services. Located at C 101, 247 Park, L B S Marg, Vikhroli West, Mumbai 400083.
• Ministry of Electronics and Information Technology (MeitY)coreStrategic or Co-development PartnerGovernment ministry that approved the company's application under Electronics Component Manufacturing Scheme (ECMS) to establish India's first fully integrated Copper Clad Laminates manufacturing facility. Approval letter received from Minister Ashwini Vaishnaw on March 30, 2026.

Scale indicators11 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• APL Apollo Tubes: India's largest structural steel tube manufacturer, producing welded tubes and pipes for infrastructure, construction, and industrial applications. Comparable as an Indian listed steel tube/pipe producer with backward integration and a B2B export orientation, overlapping with Ratnaveer's SS Tubes & Pipes line.
• AIA Engineering: India-based global manufacturer of high-chrome grinding media and wear-resistant castings used in mining, cement, and power industries, with majority export revenue. Comparable as a listed Indian metal-products exporter with strong international presence and similar export-led, industrial B2B model.
• Bharat Forge: India's largest forging company producing precision forged and machined components for automotive, aerospace, defense, and industrial sectors globally. Comparable as an Indian precision-engineering exporter with global OEM customers, mirroring Ratnaveer's stated intent to enter automotive, aerospace, and defense through European acquisitions.
• Sundram Fasteners: TVS Group-owned Indian fastener manufacturer and exporter producing high-tensile fasteners, sintered metal products, and powder metallurgy components for automotive and industrial customers. Comparable as a domestic Indian precision metal fastening/export business serving similar end markets, though substantially larger and more diversified.
• Precision Castparts (Precision Metals Division): US-based global manufacturer of complex metal components and products, including fasteners, for aerospace, power, and industrial markets. Comparable as a global precision-engineered fasteners and specialty metal components producer serving aerospace/defense — exactly the adjacencies Ratnaveer is pursuing through European acquisitions.
• Steel Strips Wheels: Indian manufacturer of steel wheel rims and related automotive steel components with significant overseas operations and export focus. Comparable as an Indian listed steel-products exporter serving automotive and industrial customers, overlapping in the metal-processing/export profile though in wheels rather than washers.

Direct peers

• Bossard Group: Swiss global fastener specialist and supply-chain solutions provider serving industrial OEMs across automotive, electronics, and machinery end markets. Comparable as an internationally operating fastener-focused company whose core product line — precision fasteners and stainless steel hardware — overlaps directly with Ratnaveer's washer business.
• Penn Engineering & Manufacturing: US-headquartered global manufacturer of precision engineered fasteners and specialty stainless steel self-clinching, captive, and micro fasteners. Comparable as a direct global peer in stainless steel specialty fastening hardware serving industrial OEM customers across international markets.
• LISI Group: French global manufacturer of fasteners and mechanical assembly components for aerospace, automotive, and industrial markets. Comparable as a global stainless steel and specialty fastener producer serving similar high-specification industrial end customers that Ratnaveer targets via its European acquisition strategy.

Regional players

• Endurance Technologies: India-based automotive component manufacturer producing aluminum die-castings, suspension, transmission, and braking systems for two-wheelers and four-wheelers globally. Comparable as an Indian listed precision metal-component exporter with similar B2B export motion, though skewed toward automotive subsystems rather than washers/fasteners.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Ratnaveer01
• Facebookfacebook.com/profile.php

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

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