Ratnaveer Precision Engineering Q2 FY26 Earnings Call Highlights Strong Growth and Future Expansion
Ratnaveer Precision Engineering reported strong Q2 FY26 results with significant revenue and profit growth. The company outlined ambitious CAPEX plans, QIP for funding, and targets for ₹1,500 crore revenue by FY27, driven by value-added products and strategic acquisitions.
The announcement includes substantial financial performance, significant CAPEX plans, a large QIP for funding, and a clear acquisition strategy, all of which are major drivers for future growth and will have a high impact on the company's valuation and market perception.
The company reported strong Q2 FY26 financial results with significant growth, outlined ambitious future revenue and profitability targets, and detailed clear strategic plans for CAPEX, equity fundraising (QIP), and potential acquisitions, all indicating a positive outlook.
Ratnaveer Precision Engineering Limited released the transcript of its earnings call with analysts and investors, held on November 10, 2025, for the Half Year and Second Quarter ended September 30, 2025. The company reported impressive Q2 FY26 financial results: * Revenue: ₹287 crore * EBITDA: ₹30.26 crore * PAT: ₹15.35 crore
Managing Director, Mr. Vijay Sanghavi, highlighted a year-on-year revenue growth of over 25% and noted these as historical and highest numbers. He expressed gratitude to investors for their trust.
Key discussion points from the call included: * CAPEX Plans: The company completed a ₹48 crore CAPEX. Two new major CAPEX projects are planned: * ₹68 crore for tubes, circlips, fasteners, and solar plants, starting by December 2025, targeted for completion by July 2026. * A copper-cladded laminates project, starting mid-December 2025, targeted for completion by July 2026. * Future Targets: Ratnaveer aims for a topline of ₹1,500 crore by FY27 and ₹1,800 crore by FY28, with EBITDA of 13.5% and PAT of 8.5% post-CAPEX completion. * Funding: The company plans a Qualified Institutional Placement (QIP) of up to ₹211 crore, with approximately ₹150 crore earmarked for working capital to support growth from ₹880 crore to ₹1,500 crore topline. The QIP is targeted for completion by December 2025. * Value-Added Products: Currently, value-added products (circlips, nuts, bolts, electropolished tubes, sheet metal components) contribute 8% to revenue. The target is to generate ₹200 crore from these products out of the ₹1,500 crore topline in FY27, eventually reaching ₹400 crore. * Margin Improvement: EBITDA margins increased from 10.34% in Q1 to 10.51% in Q2. Drivers for future EBITDA margin improvement to 13-13.5% include installing 4 megawatts of solar plants (reducing power costs by 90%), increasing value-added product mix, and depreciation benefits. FY26 targets are ₹1,100 crore+ revenue, 10.5%-10.8% EBITDA, and 6%+ PAT. * Acquisition Strategy: The company is actively seeking inorganic growth opportunities, targeting companies with ₹600-800 crore topline and good gross margins, particularly in the aviation and automobile sectors. Potential acquisition size could be around ₹150 crore, with an initial 51% acquisition funded by internal accruals. * Order Book: The company maintains a consistent 3-4 months order book visibility. * Working Capital: Inventory days are targeted to be maintained between 110-120 days.
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Ratnaveer Precision Engineering Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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