Ratnaveer Precision Engineering reported a robust FY26, with PAT rising 37.50% to Rs 64.31 crore. The firm announced a plan to increase borrowing limits to Rs 1,500 crore and is set to commission India’s first integrated FR-4 Copper Clad Laminate plant in November 2026.
Ratnaveer Precision Engineering Posts Robust Growth as CCL Expansion Gains Traction
PAT grew 37.50% to Rs 64.31 crore; Revenue climbed 19.83% to Rs 1,068.74 crore.
Reader Takeaway: Strong operational margins and strategic entry into CCL manufacturing drive growth; watch execution of large-scale capex.
What just happened
Ratnaveer Precision Engineering has released its FY2025-26 annual report ahead of its 24th Annual General Meeting scheduled for September 26, 2026. The company reported a consolidated revenue of Rs 1,068.74 crore, up from Rs 891.88 crore in the previous fiscal. Profit after tax (PAT) saw a significant jump of 37.50%, reaching Rs 64.31 crore. To support ongoing capital expenditure, the board has proposed a resolution to raise borrowing limits from Rs 900 crore to Rs 1,500 crore. Additionally, the company announced the appointment of Mrs. Seema Sanghavi as a Wholetime Director.
Why this matters
The financial performance highlights improved operational efficiency and better capacity utilization. A key development for investors is the advancement of the Copper Clad Laminate (CCL) facility, which is expected to be India’s first integrated FR-4 CCL plant. Management projects this facility could unlock potential topline growth of Rs 750 crore within two years and up to Rs 2,500 crore within three years of commissioning.
Risks to watch
Execution risk remains the primary concern, particularly regarding the commissioning of the new CCL facility. The company is managing a transition in its working capital cycle and remains susceptible to volatility in raw material prices. Future performance will depend on the successful fundraising of up to Rs 330 crore and the timely stabilization of the new electronics division.
Context metrics
- EPS: Rs 11.11, up from Rs 9.31 in FY25.
- EBITDA: Rs 121.88 crore, reflecting a 34.79% YoY increase.
- Credit Rating: Upgraded to IVR A-/Stable, indicating improved financial stability.
- Green Energy: 80-90% of power consumption is derived from green sources, a key component of the company's cost-mitigation strategy.
What to track next
Shareholders should track the official commissioning of the CCL facility in November 2026 and the progress of the proposed Rs 330 crore fundraising plan, both of which are critical to long-term revenue targets.