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Rane (Madras) Ltd share Price Today

Company details

873.80
913.45
600.30
1,023.00
6M Return 8.19%
1Y Return 46.69%
Mkt Cap.(Cr) 1,430.10
Volume 31,731
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 31,731

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Auto Parts & Equipment company Rane (Madras) announced Q4FY24 results:

Standalone Q4FY24 Financial Highlights:

  • Total Revenue was Rs 519.4 crore for Q4FY24 compared to Rs 567.1 crore in the Q4FY23, a decrease of 8.4%
  • EBITDA stood at Rs 27.8 crore for Q4FY24 compared to Rs 63.2 crore during Q4FY23, a decrease of 56.0%
  • EBITDA Margin at 5.4% for Q4FY24 against 11.1% in Q4FY23
  • Net Loss stood at Rs 6.5 crore for Q4FY24 compared to loss of Rs 195.7 crore in Q4FY23 which includes an impairment of Rs 223 crore

Consolidated Q4FY24 Financial Highlights:

  • Total Revenue was Rs 519.3 crore for Q4FY24 compared to Rs 630.1 crore in the Q4FY23, a decrease of 17.6%
  • EBITDA stood at Rs 25.8 crore for Q4FY24 compared to Rs 64.0 crore during Q4FY23, a decrease of 59.7%
  • EBITDA Margin at 5.0% for Q4FY24 against 10.2% in Q4FY23
  • Net loss stood at Rs 9.4 crore for Q4FY24 compared to a profit of Rs 9.5 crore in Q4FY23

Result PDF

View Other Company Results

Rane (Madras) Ltd shares SWOT Analysis

Strengths (6)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
  • Book Value per share Improving for last 2 years

Weakness (9)

  • MFs decreased their shareholding last quarter
  • Degrowth in Revenue and Profit
  • Companies with Increasing Debt

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 903.9
R2 928.5
R3 943.5
Pivot

888.83

S1 864.2
S2 849.2
S3 824.6
EMA SMA
837.8
815.6
798.2
761.5
827.0
817.4
781.7
798.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-05-06 974.97 133787 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-05-06 974.42 133787 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-09-13 807.69 98742 NSE
Name Category Shares
RANE HOLDINGS LTD PROMOTER 71.77%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Rane (Madras) Ltd Stocks COMPARISON

Financials( in Cr) Rane (Madras) Ltd Samvardhana Motherson International Ltd Bosch Ltd Uno Minda Ltd Exide Industries Ltd
Price 879.25 180.32 33,379.20 1,070.70 564.55
% Change -1.85 3.26 3.25 2.68 4.11
Mcap Cr 1,430.10 122,192.42 98,448.61 61,468.35 47,986.75
Revenue TTM Cr 2,354.44 78,700.70 14,929.30 11,236.49 15,078.16
Net Profit TTM Cr 30.02 1,669.60 1,424.30 700.23 822.77
PE TTM 13.38 40.99 52.05 69.50 52.59
1 Year Return 46.69 117.12 75.01 89.69 168.58
ROCE 10.04 8.59 17.05 18.68 10.55
ROE 9.01 7.76 13.14 18.44 7.58
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 241.65 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,550.52 645.34
LAST 3M 103,712.87 -29,605.88
LAST 6M 176,931.00 -14,371.69
LAST 12M 290,309.13 100,312.35

Rane (Madras) Ltd Information

Stock PE (TTM)
13.38
Promoter Holding
72.65%
Book Value
157.3631
ROCE
10.04%
ROE
9.01%
Description
  • Rane (Madras) Ltd was incorporated on March 31, 2004 as a public limited company with the name Rane Holdings Ltd. The name of the company was subsequently changed to Rane (Madras) Manufacturing Ltd with effect from February 22, 2005. In April 2005, the manufacturing undertaking of the erstwhile Rane (Madras) Ltd got demerged and transferred to the Company with effect from July 1, 2004. In terms of the Scheme, the de-merged company was renamed as Rane Holding Ltd and the name of the company was changed from Rane (Madras) Manufacturing Ltd to Rane (Madras) Ltd with effect from May 19, 2005. Rane (Madras) Ltd, a part of the Rane group, is a manufacturer of steering and suspension systems. The company operates under one division, namely components for transportation industry. They manufacture two types of steering gears, namely, circulating ball type steering gears, and rack and pinion type steering gears. The other products include tie rod assemblies, drag link assemblies, center link assemblies and gear shift ball joints. The company is a subsidiary company of Rane Holdings Ltd. The company is having their manufacturing facilities located at Chennai and Kancheepuram in Tamil Nadu, Mysore in Karnataka, Thirubuvanai in Pondicherry and Pantnagar in Uttarakhand. The production facilities in Mysore cater to the tractor and commercial vehicle segment; the Pondicherry plant to the passenger car segment; the plant in Chennai caters to the light commercial vehicle, heavy commercial vehicle and utility vehicle segment; the Kancheepuram plant to the export market and the manufacturing facility in Pantnagar (Uttarakhand) supplies gears exclusively to Tata Motors Ltd. During the year 2005-06, the company increased the production capacity of Steering gear products from 590,300 Nos to 597,500 Nos. During the year 2006-07, the company set up a new plant for manufacture of ball joints in Ambakkam, Varanasi Village, Kancheepuram primarily to cater to the export markets. They commenced commercial production during the year. They also set up a manufacturing facility at Integral Industrial Estate, Pant Nagar, Uttarakhand, for supply of Steering Gears exclusively to Tata Motors Ltd. Rane Holding Ltd made additional investment in the company, and thus the company became a wholly owned subsidiary of the Rane Holdings Ltd with effect from March 26, 2007. The Company started manufacturing mechanical rack & pinion steering gear for EPS in 2008. In 2015-16, the Company acquired Precision Die Casting Inc. (PDC) in USA, engaged in the business of manufacturing high pressure aluminium die casting for automotive applications like steering and compressor related die casting components. The entire shareholding in PDC, was acquired from its existing owners at a cost of USD 1. This investment was held by Rane (Madras) International Holdings, B.V, The Netherlands, a Wholly Owned Subsidiary of the Company (RMIH), incorporated during the year to hold strategic overseas investments of the Company. The WOS invested USD 2 million into the equity capital of PDC and the name of PDC was changed to Rane Precision Die Casting Inc., (`RPDC`) with effect from March 24, 2016. In 2021-22, the Company acquired the Steering Components Business (SCB) of M/s. Yagachi Technologies Private Limited (YTPL), for a cash consideration of Rs 25 Crores. The new plant at Maraimalai Nagar acquired from M/s. Yagachi Technologies Private Limited was made operational in 2023.

No Data Found

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532661
NSE Code : RML
Book Closure Date (Month) :
BSE Group : B
ISIN : INE050H01012

FAQ’s on Rane (Madras) Ltd Shares

You can buy Rane (Madras) Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Rane (Madras) Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 18, 2024 03:57 PM the closing price of Rane (Madras) Ltd was Rs.879.25.

The latest PE ratio of Rane (Madras) Ltd as of Jun 18, 2024 03:57 PM is 13.38

The latest PB ratio of Rane (Madras) Ltd as of Jun 18, 2024 03:57 PM is 0.18

The 52-week high of Rane (Madras) Ltd share price is Rs. 1,023.00 while the 52-week low is Rs. 600.30

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 18, 2024 03:57 PM, the market cap of Rane (Madras) Ltd stood at Rs. 1,430.10.

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