Reliance Naval and Engineering Limited
NSE: RNAVAL · Defense & Aerospace
Snapshot
Unlock Reliance Naval and Engineering Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Reliance Naval and Engineering Limited operates an integrated shipbuilding facility in India, specialising in the design and construction of naval vessels including frigates, destroyers, and aircraft carriers. The company also provides engineering consultancy, repair and maintenance services for ships and offshore rigs, and heavy engineering fabrication.
Business Model
The company generates revenue through the design, construction, and integration of complex naval platforms and offshore structures. It further monetises its facilities by providing lifecycle repair, maintenance, and heavy engineering services for third-party maritime and oil and gas clients.
Growth Outlook
Growth is primarily driven by the modernisation requirements of the Indian Navy and the increasing demand for indigenous defence manufacturing under domestic procurement policies. Future prospects depend on the successful execution of complex shipbuilding contracts and the revitalisation of its heavy engineering order book.
Key Risks
- Financial Distress. The company has faced significant liquidity challenges and insolvency proceedings, which threaten its operational continuity.
- Execution Risk. Delays in the delivery of complex naval projects can lead to substantial cost overruns and penalties.
- Policy Dependency. The business is highly reliant on government defence spending and the prioritisation of domestic shipyards for naval contracts.
- Operational Capacity. Maintaining and upgrading large-scale shipbuilding infrastructure requires significant capital expenditure and technical expertise.
Price
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Key Metrics
REVENUE
₹282 Cr
TTM · consolidated
NET PROFIT
₹226 Cr
TTM · consolidated
EPS
₹42.87
TTM · consolidated
RETURN ON EQUITY
94.5%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
9.0%
TTM · consolidated
EV/EBITDA
19.4x
Q4 FY26 · consolidated
EBITDA MARGIN
107.4%
TTM · consolidated
NET PROFIT MARGIN
60.2%
Q4 FY26 · consolidated
DEBT TO EQUITY
39.1x
Q4 FY26 · consolidated
Peers · Defense & Aerospace
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Reliance Naval and Engineering LimitedRNAVAL | 3,332 | — | 19.38 | 3913.4% | 107.4% | 94.5% | 9.0% | — |
Axiscades Technologies Ltd.AXISCADES | 6,061 | 92.30 | 34.46 | 12.5% | 17.3% | 10.8% | 16.9% | +14.3% |
Lloyds Steels Industries LimitedLSIL | 5,205 | — | 20.51 | — | 18.4% | 21.9% | 22.3% | — |
Goodluck India LimitedGOODLUCK | 3,240 | 27.89 | 15.10 | 4.2% | 10.2% | 13.5% | 21.7% | +34.4% |
Reliance Infrastructure Ltd.RELINFRA | 2,989 | 0.93 | 2.12 | -13.4% | 13.4% | 31.6% | 6.2% | -83.4% |
Le Merite ExportLEMERITE | 1,111 | — | — | — | 4.0% | — | — | -93.7% |
As of Q4 FY26
Financials
Reliance Naval and Engineering Limited
NSE: RNAVAL · Defense & Aerospace
Snapshot
Unlock Reliance Naval and Engineering Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Reliance Naval and Engineering Limited operates an integrated shipbuilding facility in India, specialising in the design and construction of naval vessels including frigates, destroyers, and aircraft carriers. The company also provides engineering consultancy, repair and maintenance services for ships and offshore rigs, and heavy engineering fabrication.
Business Model
The company generates revenue through the design, construction, and integration of complex naval platforms and offshore structures. It further monetises its facilities by providing lifecycle repair, maintenance, and heavy engineering services for third-party maritime and oil and gas clients.
Growth Outlook
Growth is primarily driven by the modernisation requirements of the Indian Navy and the increasing demand for indigenous defence manufacturing under domestic procurement policies. Future prospects depend on the successful execution of complex shipbuilding contracts and the revitalisation of its heavy engineering order book.
Key Risks
- Financial Distress. The company has faced significant liquidity challenges and insolvency proceedings, which threaten its operational continuity.
- Execution Risk. Delays in the delivery of complex naval projects can lead to substantial cost overruns and penalties.
- Policy Dependency. The business is highly reliant on government defence spending and the prioritisation of domestic shipyards for naval contracts.
- Operational Capacity. Maintaining and upgrading large-scale shipbuilding infrastructure requires significant capital expenditure and technical expertise.
Price
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Start your research today
Unlock AI insights, financials, peers and live data on Reliance Naval and Engineering Limited and 5,000+ companies — free.
Key Metrics
REVENUE
₹282 Cr
TTM · consolidated
NET PROFIT
₹226 Cr
TTM · consolidated
EPS
₹42.87
TTM · consolidated
RETURN ON EQUITY
94.5%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
9.0%
TTM · consolidated
EV/EBITDA
19.4x
Q4 FY26 · consolidated
EBITDA MARGIN
107.4%
TTM · consolidated
NET PROFIT MARGIN
60.2%
Q4 FY26 · consolidated
DEBT TO EQUITY
39.1x
Q4 FY26 · consolidated
Peers · Defense & Aerospace
As of Q4 FY26