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150.7020 hours ago
155.8218 hours ago
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Ratnaveer Precision Engineering Ltd Stock performance
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KEY OBSERVATIONS

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noteAnnual Revenue,rose 48.72%, in the last year to ₹895.91 Cr. Its sector's average revenue growth for the last fiscal year was 3.13%.
noteAnnual Net Profit,rose 50.77% in the last year to ₹46.82 Cr. Its sector's average net profit growth for the last fiscal year was 19.82%.
notePrice to Earning Ratio,is 17.46, lower than its sector PE ratio of 29.08.
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Ratnaveer Precision Engineering Limited is a stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. Stainless steel is a value-added product with high corrosion resistant properties. Higher levels of chromium and additions of other alloy elements enhance the corrosion resistance. Compared to traditional steel, stainless-steel has higher resistance to corrosion, superior aesthetic finish and higher life span. These features have helped in increasing the popularity of stainless-steel across the world. Globally, cold rolled flat products are the largest produced stainless-steel product in the world, followed by hot rolled coils, and steel wire rods bars. The company operates out of four manufacturing units, out of which two (Unit-I and Unit-II) are located at GIDC, Savli, Vadodara, Gujarat, one (Unit-III) is located at Waghodia, Vadodara, Gujarat and the other one (Unit-IV) is located at GIDC, Vatva, Ahmedabad, Gujarat. Its manufacturing units are strategically located with availability of transportation, which facilitates convenient transportation of its products.
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