Ratnaveer Precision Engineering (NSE:RATNAVEER) Net Margin % : 5.22% (As of Mar. 2024)

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What is Ratnaveer Precision Engineering Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Ratnaveer Precision Engineering's Net Income for the six months ended in Mar. 2024 was ₹311 Mil. Ratnaveer Precision Engineering's Revenue for the six months ended in Mar. 2024 was ₹5,954 Mil. Therefore, Ratnaveer Precision Engineering's net margin for the quarter that ended in Mar. 2024 was 5.22%.

The historical rank and industry rank for Ratnaveer Precision Engineering's Net Margin % or its related term are showing as below:

NSE:RATNAVEER' s Net Margin % Range Over the Past 10 Years
Min: 1.52 Med: 2.42 Max: 5.22
Current: 5.22

NSE:RATNAVEER's Net Margin % is ranked better than
67.16% of 603 companies
in the Steel industry
Industry Median: 2.56 vs NSE:RATNAVEER: 5.22

Ratnaveer Precision Engineering Net Margin % Historical Data

The historical data trend for Ratnaveer Precision Engineering's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ratnaveer Precision Engineering Net Margin % Chart

Ratnaveer Precision Engineering Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Net Margin %

2.42

1.52

2.22

5.22

Ratnaveer Precision Engineering Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Net Margin %	2.42	1.52	2.22	5.22	5.22

Competitive Comparison of Ratnaveer Precision Engineering's Net Margin %

For the Steel subindustry, Ratnaveer Precision Engineering's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ratnaveer Precision Engineering's Net Margin % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ratnaveer Precision Engineering's Net Margin % distribution charts can be found below:

* The bar in red indicates where Ratnaveer Precision Engineering's Net Margin % falls into.

Ratnaveer Precision Engineering Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Ratnaveer Precision Engineering's Net Margin for the fiscal year that ended in Mar. 2024 is calculated as

Net Margin	=	Net Income (A: Mar. 2024 )	/	Revenue (A: Mar. 2024 )
	=	310.5	/	5953.79
	=	5.22 %

Ratnaveer Precision Engineering's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin	=	Net Income (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	310.5	/	5953.79
	=	5.22 %

Ratnaveer Precision Engineering (NSE:RATNAVEER) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Ratnaveer Precision Engineering Net Margin % Related Terms

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Ratnaveer Precision Engineering (NSE:RATNAVEER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ratnaveer Precision Engineering Ltd (NSE:RATNAVEER) » Definitions » Net Margin %

Traded in Other Exchanges

543978:India

Address

Plot no. E-77, G.I.D.C, Savli (Manjusar), Vadodara, GJ, IND, 391 775

Website

https://www.ratnaveer.com

Ratnaveer Precision Engineering Ltd is a stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. It manufactures finishing sheets, washers and solar mounting hooks at Unit I and SS pipes & tubes at Unit II. Unit III and Unit IV are dedicated to the backward integration process where Unit III is the melting unit where the company melts steel scrap and turns it into steel ingots and Unit IV is the rolling unit where flat ingots are further processed to turn them into sheets which are the raw material for washers.

Ratnaveer Precision Engineering (NSE:RATNAVEER) Headlines

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