Ratnaveer Precision Engineering Limited — Q2FY27 earnings call summary

Filed 04 November 2026 · Official transcript

Base business FY27 revenue target ₹1,315 Cr; FY28 target ₹1,800 Cr; ₹58 Cr CapEx ongoing for capacity expansion
Market share target 7-8% by FY30; competitive advantage from local supply, pricing, and lead times
CCL project 75% complete; machinery arrival mid-Nov; trial run Dec 20-Jan 20; 85% capacity by Apr 2027
Q2 FY27 revenue ₹387 Cr +35.46% y-y; EBITDA ₹42.13 Cr +38.85%; PAT ₹24.07 Cr +55.97%
FY28 guidance: ₹2,500 Cr revenue, 14% EBITDA margin, 11% PAT; revision pending due to CCL price surge
CCL margins expected to improve significantly; long-term contracts secured; market growing 60-70% CAGR
Working capital funded by rights issue; no equity raise planned; term loans and subsidies support CapEx
Five CCL lines planned by Apr 2028; ₹338 Cr investment over 2-3 years; 2% govt subsidy on CCL sales