Small-Cap Solar Mounting Hooks Manufacturer Hits Back-to-Back Upper Circuits - FIIs Raised Stake from 0.15 Per cent to 2.41 Per cent!

The company’s shares have delivered an impressive return of over 80 per cent to its shareholders in just 1 year.

Incorporated in 2000, Ratnaveer Precision Engineering Ltd (RPEL) is a Small-Cap company and a leading manufacturer and supplier of a diverse range of stainless steel products. RPEL holds the distinction of being India’s largest stainless steel washers manufacturer, producing over 2,500 washers in various sizes that meet international standards. The company also manufactures solar mounting hooks like the Vario Hook, Fix Roofing Hook, Adaptor, Winkle, Hammer Roofing Bolt, Long Roofing Hook, Gewinde Plate, and Reinforcement products.

At the start of the day's trading session, shares of Ratnaveer Precision Engineering Ltd opened at Rs 212.60 per share, compared to the previous day's closing figure of Rs 202.50 per share on the BSE. Currently, the shares are at Rs 212.60 per share. The stock has rallied 5 per cent today and hit the upper circuit, reflecting strong demand in the market. The company's current market capitalization stands at Rs 1031.09 crore. Additionally, the company’s shares have delivered an impressive multibagger return of over 115 per cent compared to its IPO issue price of Rs 98 per share.

As per the Quarterly Results, in the Q1 FY25, Ratnaveer Precision Engineering Ltd recorded a revenue of Rs 204 crore compared to Rs 118 crore representing a growth of 74 per cent YoY. The operating profit stood at Rs 25 crore. The net profit stood at Rs 13 crore compared to a profit of Rs 8 crore. Looking at the annual performance, the company generated a revenue of Rs 595 crore in FY24. The operating profit for FY24 was Rs 50 crore with a net profit of Rs 31 crore compared to a net profit of Rs 25 crore in FY23 representing a growth of 24 per cent year on year.

According to the company's shareholding pattern, the promoters hold a significant 50.72 per cent stake. Public investors own 46.86 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 2.41 per cent which was earlier 1.19 per cent in June and in March 2024 they were holding around 0.15 per cent.

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Investors must keep this stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.