Execution delay due to monsoon
Management acknowledged that monsoon could delay civil work and machine installation, pushing CCL production beyond November 2026.
RATNAVEERPRECISIONENGINE / bear-case history
Track the concerns that keep returning.
Ratnaveer Precision Engineering · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
medium
Dependence on Chinese technology partner
The CCL project relies on a Chinese partner for machinery and technical support, posing geopolitical and supply chain risks.
Sharp increase in trade receivables
Trade receivables rose from ₹65 crore to ₹175 crore despite modest revenue growth, indicating potential working capital strain.
No firm offtake agreements for CCL
Management admitted only soft confirmations from PCB manufacturers, with no binding contracts for CCL offtake.