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Rane (Madras) Ltd share price logo

Rane (Madras) Ltd

(RML)

₹807.31.22%

as on 04:01PM, 14 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Rane (Madras) Ltd Performance

  • Day's Low

    Day's High

    ₹790.75
    ₹841.95
  • 52 Week's Low

    52 Week's High

    ₹631
    ₹1,529
1 Month Return-27.18 %
3 Month Return-17.87 %
1 Year Return+ 1.3 %
Previous Close₹817.25
Open₹825.00
Volume38.61K
Upper Circuit-
Lower Circuit-
Market Cap₹1,313.10Cr

Rane (Madras) Ltd Key Statistics

P/E Ratio534.64
PEG Ratio-25.35
Market Cap₹1,313.10 Cr
P/B Ratio4.29
EPS1.86
Dividend Yield0
SectorAuto Ancillaries
ROE48.22

Rane (Madras) Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
NA₹1,313.10 Cr44.7%0.87₹3 Cr₹2,238 Cr
NA₹1,456.53 Cr66.96%0.63₹114 Cr₹1,106 Cr
NA₹17.78 Cr-9.16%0.66NANA
BUY₹3,996.02 Cr28.57%0.51₹97 Cr₹3,070 Cr
NA₹540.66 Cr171.37%0.66₹13 Cr₹312 Cr

About Rane (Madras) Ltd

Rane Madras Ltd, a subsidiary of Rane Holdings Ltd, is a manufacturer of steering and suspension systems for the transportation industry. Their products include circulating ball type steering gears, rack and pinion type gears, tie rod assemblies, drag link assemblies, center link assemblies and gear shift balls joints. Their manufacturing facilties are located in Chennai, Kancheepuram,Tamil Nadu, Mysore, Karnataka, Thirubuvanai, Pondicherry and Pantnagar, Uttarakhand. In 2004 the company was incorporated as Rane Holdings Ltd, under the name Rane Madras Manufacturing Ltd in 2005, Name was changed to Rane Madras Ltd. In 2006, production capacity of they're Steering gear products was increased from 590300 Nos to 597500 Nos and a new plant was set up in Ambakkam, Varanasi Village, Kancheepuram to cater to the export markets. In 2007, Rane Holdings Ltd made additional investments in the company and Rane Madras Ltd became a wholly owned subsidiary of Rane Holdings Ltd.

Share Price: ₹807.30 per share as on 14 Nov, 2024 04:01 PM
Market Capitalisation: ₹1,313.10Cr as of today
Revenue: ₹529.02Cr as on September 2024 (Q3 24)
Net Profit: ₹0.68Cr as on September 2024 (Q3 24)
Listing date: 30 Aug, 2005
Chairperson Name: L Ganesh
OrganisationRane (Madras) Ltd
Headquarters
IndustryAuto Ancillaries
E-voting on sharesClick here to vote

Key events for Rane (Madras) Ltd

  • Rane Madras Reports Significant Revenue Decline - 25 Oct, 2024

    Rane Madras reported a challenging Q2 with standalone net profit down 61% and consolidated net loss of Rs 0.68 crore. Revenue decreased significantly, reflecting struggles in the commercial vehicle sector and muted growth in the aftermarket. Despite some operational recovery, the overall financial performance indicates ongoing challenges.

  • Rane (Madras) Reports Significant Q2 Loss - 24 Oct, 2024

    Rane (Madras) Ltd's Q2 FY25 results show a 13.3% revenue decline to ₹530.7 crore and a net loss of ₹0.7 crore, impacted by lower domestic and export sales.

  • Rane Companies Announce Merger Approval - 04 Oct, 2024

    Rane Engine Valve Limited and Rane Brake Lining Limited have announced a merger with Rane (Madras) Limited. The NCLT has ordered separate meetings for shareholders and creditors.

Insights on Rane (Madras) Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 519.28 Cr → 530.69 Cr (in ₹), with an average increase of 1.1% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.01% to 0.21% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 0.00% to 0.13% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Samvardhana Motherson International Ltd has given 81.5% return, outperforming this stock by 80.2%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 72.65% of holdings in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Cummins India Ltd has given 259.3% return, outperforming this stock by 139.2%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 3.41 Cr → -0.68 Cr (in ₹), with an average decrease of 119.9% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 27.35% to 27.01% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, RML stock has moved down by -9.4%

Rane (Madras) Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹611.24Cr (-)₹521.05Cr (↓14.76%)₹518.32Cr (↓0.52%)₹522.01Cr (↑0.71%)₹529.02Cr (↑1.34%)
Net Income₹17.77Cr (-)₹9.09Cr (↓48.85%)-₹9.37Cr (↓203.08%)₹3.41Cr (↓136.39%)-₹0.68Cr (↓119.94%)
Net Profit Margin2.91% (-)1.74% (↓40.21%)-1.81% (↓204.02%)0.65% (↓135.91%)-0.13% (↓120.00%)
Value in ₹ crore
Details2021202220232024
Total Assets₹946.03Cr (-)₹1,193.89Cr (↑26.20%)₹1,177.99Cr (↓1.33%)₹1,352.15Cr (↑14.78%)
Total Liabilities₹637.76Cr (-)₹818.96Cr (↑28.41%)₹930.88Cr (↑13.67%)₹1,090.83Cr (↑17.18%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹116.41Cr (-)₹107.20Cr (↓7.91%)₹29.44Cr (↓72.54%)₹129.62Cr (↑340.29%)₹129.98Cr (↑0.28%)

Index Inclusions

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

BSE Small-Cap

₹52,381.98

0.83 (429.19%)

Rane (Madras) Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
72.65%
0.00
Foreign Institutions
0.21%
2218.48
Mutual Funds
0.13%
0.00
Retail Investors
27.01%
-1.22
Others
0%
50.00

Rane (Madras) Ltd Key Indicators

Details20222024
Return On Equity %10.348.22
Details20202021202220232024
Return On Assets %-5.26-6.460.892.550.22
Details20202021202220232024
Book Value Per Share (₹)139.86117.98140.22148.52157.32
Details20202021202220232024
Earning Per Share (₹)-36.27-41.966.5518.451.86

Rane (Madras) Ltd Valuation

Rane (Madras) Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-473.80x)

January 17, 2022

Industry (49.93x)

November 14, 2024

Today (534.64x)

November 14, 2024

Highest (762.15x)

October 1, 2024

LowHigh

Rane (Madras) Ltd Earnings and Dividends

  • Rane (Madras) Ltd Earnings Results

    Rane (Madras) Ltd’s net profit fell -103.83% since last year same period to ₹0.68Cr in the Q2 2024-2025. On a quarterly growth basis, Rane (Madras) Ltd has generated -119.94% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Rane (Madras) Ltd Dividends May,2019

    In the quarter ending March 2019, Rane (Madras) Ltd has declared dividend of ₹4.50 - translating a dividend yield of 1.05%.

    Read More about Dividends

Rane (Madras) Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Rane (Madras) Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Rane (Madras) Ltd (RML) share price today is ₹807.3

Rane (Madras) Ltd is listed on NSE

Rane (Madras) Ltd is listed on BSE

  • Today’s highest price of Rane (Madras) Ltd is ₹841.95.
  • Today’s lowest price of Rane (Madras) Ltd is ₹790.75.

PE Ratio of Rane (Madras) Ltd is 534.64

PE ratio = Rane (Madras) Ltd Market price per share / Rane (Madras) Ltd Earnings per share

Today’s traded volume of Rane (Madras) Ltd(RML) is 38.61K.

Today’s market capitalisation of Rane (Madras) Ltd(RML) is ₹1313.1Cr.

Rane (Madras) Ltd(RMLPrice
52 Week High
₹1529
52 Week Low
₹631

Rane (Madras) Ltd(RML) share price is ₹807.3. It is down -47.20% from its 52 Week High price of ₹1529

Rane (Madras) Ltd(RML) share price is ₹807.3. It is up 27.94% from its 52 Week Low price of ₹631

Rane (Madras) Ltd(RMLReturns
1 Day Returns
-9.95%
1 Month Returns
-27.18%
3 Month Returns
-17.87%
1 Year Returns
1.3%