Partner With Us NRI

Rane (Madras) Ltd share Price

Company details

6M Return 135.25%
1Y Return 155.26%
Mkt Cap.(Cr) 1,483.86
Volume 102,553
Div Yield 0.00%
OI Chg %
Volume 102,553

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

Auto Parts & Equipment company Rane (Madras) announced Q1FY24 results:

  • Consolidated Q1FY24:
    • Total Revenue was Rs 590.0 crore for Q1FY24 compared to Rs 550.4 crore in the Q1FY23, up 7.2%
    • EBITDA stood at Rs 44.0 crore compared to Rs 30.2 crore during Q1FY23, an increase of 45.5%
    • EBITDA Margin at 7.5% for Q1FY24 against 5.5% in Q1FY23
    • Net loss stood at Rs 14.5 crore for Q1FY24 compared to Net Loss of 3.3 crore in Q1FY23
  • Standalone Q1FY24:
    • Total Revenue was Rs 532.1 crore for Q1FY24 compared to Rs 501.0 crore in Q1FY23, up 6.2%
    • EBITDA stood at Rs 51.9 crore compared to Rs 48.0 crore during Q1FY23, an increase of 8.1%
    • EBITDA Margin at 9.7% for Q1FY24 against 9.6% in Q1FY23
    • Net profit stood at 3.0 crore for Q1FY24 compared to 220.1 crore in Q1FY23

“RML sustained sales momentum albeit decline in volume in the Farm Tractor segment. The demand from international customers remained robust. Further to the board's decision, the company is exploring various options to divest the LMCA business. Demand across major vehicle segments continues to remain robust. We are closely monitoring the evolving economic indicators and continuing to prioritise cost reduction and operational improvement programs in the upcoming quarter.”, said L. Ganesh, Chairman, Rane Group



Result PDF

View Other Company Results


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Rane (Madras) Ltd Stocks COMPARISION


Equity Capital: 241.65 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 11,335.64 -17,804.06
LAST 3M 46,789.34 -254.85
LAST 6M 51,082.71 143,805.43
LAST 12M 128,656.49 169,390.95
Rane (Madras) to discuss results

Sep 30, 2023 l BSE Announcement

Rane (Madras) Limited - Updates

Sep 28, 2023 l NSE Announcement

Board of Rane (Madras) approves setting up WoS in Mexico

Sep 28, 2023 l BSE Announcement

Date Action Type Ratio
No data found

Rane (Madras) Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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. 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 was de-merged 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. 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.

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 Sep 29, 2023 03:59 PM the closing price of Rane (Madras) Ltd was ₹ 912.30.

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 Sep 29, 2023 03:59 PM, the market cap of Rane (Madras) Ltd stood at ₹ 1,483.86.

The latest PE ratio of Rane (Madras) Ltd as of Sep 29, 2023 03:59 PM is 33.89

The latest PB ratio of Rane (Madras) Ltd as of Sep 29, 2023 03:59 PM is 0.16

The 52-week high of Rane (Madras) Ltd is ₹ 954.40 while the 52-week low is ₹ 343.15

Download Our App

market app
market app