Buy Ratnaveer Precision Engineering; target of Rs 231: Profitmart

Profitmart is bullish on Ratnaveer Precision Engineering has recommended buy rating on the stock with a target price of Rs 231 in its research report dated October 30, 2023.

Broker Research

October 30, 2023 / 21:38 IST

Buy

26 Aug, 2025 12:21

Volume

Todays L/H

Profitmart research report on Ratnaveer Precision Engineering

Ratnaveer Precision Engineering Limited (RPEL) incorporated in 2002 is a stainless steel (“SS”) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes, and tubes. RPEL operates out of 4 manufacturing units, out of which 2 (Unit-I and Unit-II) are located at GIDC, Savli, Vadodara, Gujarat, one (Unit-III) is located at Waghodia, Vadodara, Gujarat and the other 1 (Unit-IV) is located at GIDC, Vatva, Ahmedabad, Gujarat. RPEL’s products find application across various industries including automotive, solar power, wind energy, power plants, oil & gas, pharmaceuticals, sanitary & plumbing, instrumentation, electro mechanics, architecture, building & construction, electrical appliances, transportation, kitchen appliances, chimney liners, etc.

Outlook

Hence we believe that the RPEL stock should be BUY at the current price for a price target of around Rs 231 over the next 12 to 18 months which is based on FY25E EV/EBIDTA multiple of 14x..

For all recommendations report, click here