RATNAVEER
Ratnaveer Precision Engineering Limited
If management delivers what it guided
arithmetic on filed guidance and past valuations · not a price target
RATNAVEER
FY26 → FY27 · 1 year of guidance · ~0.7 years from today₹181 today
BEAR
₹149
-18%
11.8% a year · 14.1x exit
BASE
₹217
+20%
20.5% a year · 19.1x exit
BULL
₹301
+66%
27.8% a year · 24.9x exit
Where the market has priced it
9x19x today130x
- the guided figure reached earnings through a low-confidence bridge
- this company has too little filed history for a multiple band of its own, so the exit multiple is the median of 26 Steel peers
- FY27 one quarter filed — the pace is shown, not judged: guided +25.0%, filed +18.9% across 1 quarter(s)
How these numbers are produced
| Earnings base | FY26 fiscal year EPS ₹9.46 (screener) |
|---|---|
| Guided growth | 20.5% a year, said on the call of 21-May-2026 · transcript |
| Read across as | operating: unlabelled growth figure, read as revenue — low confidence |
| Delivery calibration | 0.58x / 1x / 1.36x of what was guided — measured: 76 annual guided-vs-filed pairs + 77 near-complete quarterly years — NSE transcripts against the companies' own filings |
| Exit multiple | 14.06x / 19.05x / 24.85x, this company’s own p20 / median / p80 across 26 filed years |
| Filed-industry peers | median 19.05x across 26 peers — the cross-check, not the input |
| Arithmetic | base EPS × (1 + guided growth × delivery)1 × exit multiple |
Arithmetic on management’s own guidance and this company’s own past valuations. Not a price target, not a recommendation, and not a forecast of what the stock will do.
What management said
from NSE earnings-call filings · extracted, not interpreted
generic growth 25%
So, Stainless business and existing business will be growing with the 25% CAGR, and in next 3 years, over the 3 years of the time, we can reach to the 1800 crores from the current business line.
Call 21-May-2026 · bridge confidence low · transcript PDF
Pace against its own guidance
FY27
one quarter filed — the pace is shown, not judged
guided 25.0%
filed 18.9%
1 of 4 quarters