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Rane Holdings Ltd share Price Today

Company details

1,079.75
1,129.90
825.00
1,385.30
6M Return 10.31%
1Y Return 19.66%
Mkt Cap.(Cr) 1,557.02
Volume 9,527
Div Yield 1.51%
OI
-
OI Chg %
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Volume 9,527

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Rane Holdings announced Q3FY24 & 9MFY24 results:

Consolidated Q3FY24 Performance:
- Total Revenue: Rs 841.3 crore, a decrease of -7.1% from Q3FY23.
- EBITDA: Rs 94.5 crore, down by 13.7% compared to Q3FY23.
- EBITDA Margin: 11.2% for Q3FY24, a decrease from 12.1% in Q3FY23.
- Net Profit: Rs 48.0 crore, a decrease of 6.6% from Rs 51.5 crore in Q3FY23.

Consolidated 9MFY24 Performance:
- Total Revenue: Rs 2,669.6 crore, up by 3.1% from 9MFY23.
- EBITDA: Rs 248.1 crore, an increase of 5.9% from 9MFY23.
- EBITDA Margin: 9.3% for 9MFY24, up from 9.0% in 9MFY23.
- Net Profit: Rs 111.2 crore, a significant increase of 16.6% from 9MFY23.

Operational Performance for Q3FY24:
- Revenue from Indian OE customers grew by 12%.
- Revenue from International customers decreased by 10% due to divestment of LMCA business.
- Organic growth is reported at 4%.
- Indian aftermarket segment revenue increased by 1%.
- EBITDA margin decreased by 86 bps mainly due to adverse product mix.

"The group companies continued to benefit on account of the positive demand environment in India and worked on operational improvement initiatives. Despite sluggish demand on certain segments and increased risks globally, we remain cautiously optimistic and prioritise on cost savings initiatives", L. Ganesh, Chairman & Managing Director, Rane Holdings.

Result PDF

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Rane Holdings Ltd shares SWOT Analysis

Strengths (9)

  • Rising Net Cash Flow and Cash from Operating activity
  • Strong Annual EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (5)

  • Negative Breakdown Second Support (LTP < S2)
  • Decline in Net Profit (QoQ)
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)

Opportunity (0)

Data not found

Threats (2)

  • Increasing Trend in Non-Core Income
  • RSI indicating price weakness

Resistance and support

R1 1,120.4
R2 1,150.2
R3 1,170.5
Pivot

1,100.05

S1 1,070.2
S2 1,049.9
S3 1,020.1
EMA SMA
1,154.3
1,192.6
1,188.2
1,129.5
1,151.3
1,221.4
1,217.6
1,130.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2021-07-13 715.17 100113 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2021-07-13 715.96 100113 NSE
ENAM SECURITIES PRIVATE LIMITED Block Purchase 2017-03-29 885 60000 BSE
Name Category Shares
LAKSHMAN L & PUSHPA LAKSHMAN PROMOTER 5.27%
GANESH L & MEENAKSHI GANESH PROMOTER 5.04%
MEENAKSHI GANESH & GANESH L PROMOTER 2.14%
VANAJA AGHORAM PROMOTER 1.93%
LAKSHMAN L (HUF) PROMOTER 1.52%
PUSHPA LAKSHMAN & LAKSHMAN L PROMOTER 1.37%
GANESH L (HUF) PROMOTER 1.34%
SHANTHI NARAYAN (including joint holding with Subbaraman Narayan) PROMOTER 1.02%
HARISH LAKSHMAN PROMOTER 0.98%
ADITYA GANESH PROMOTER 0.8%
RAMAN T G G PROMOTER 10.39%
GEETHA RAMAN SUBRAMANYAM PROMOTER 4.38%
RANJINI R IYER PROMOTER 4.38%
RATHIKA R SUNDARESAN PROMOTER 4.38%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
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Rane Holdings Ltd Stocks COMPARISON

Financials( in Cr) Rane Holdings Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Jio Financial Services Ltd Indian Railway Finance Corporation Ltd
Price 1,090.50 6,498.70 1,584.50 308.30 147.40
% Change -2.54 -0.88 -1.01 -3.20 -2.77
Mcap Cr 1,557.02 401,634.61 252,805.23 195,871.75 192,629.78
Revenue TTM Cr 3,510.57 41,398.35 82,071.70 44.84 23,891.95
Net Profit TTM Cr 87.31 11,507.69 12,209.54 31.25 6,337.01
PE TTM 11.99 29.39 32.73 0.00 32.81
1 Year Return 19.66 4.91 16.73 23.87 443.91
ROCE 12.29 11.76 12.69 0.03 5.32
ROE 12.33 23.46 28.18 0.02 14.66
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 807.88 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,580.50 -5,207.40
LAST 3M 60,912.34 -26,979.54
LAST 6M 120,020.87 9,689.82
LAST 12M 181,151.65 180,381.32
Rane Holdings Limited - Credit Rating

Feb 21, 2024 l NSE Announcement

Rane Holdings receives affirmation in credit ratings

Feb 21, 2024 l BSE Announcement

Date Action Type Ratio
Jul 28, 2023 Dividend 170
Jun 21, 2022 Dividend 120

Rane Holdings Ltd Information

Stock PE (TTM)
11.99
Promoter Holding
46.57%
Book Value
591.4916
ROCE
12.29%
ROE
12.33%
Description
  • Rane Holdings Limited(RHL) (Erstwhile known as Rane Madras Ltd) is the holding company whose main activity is investing in Rane Group Companies that are engaged primarily in the manufacturing/marketing of components and providing technological services for the transportation industry, mainly the automotive sector. The company has two main product lines -- Tie Rod Ends (TREs) and Steering Gears (SGs) used in steering systems of four-wheelers. Production of TREs, in Madras, is in technical collaboration with TRW Ehrenreich, Germany. The company distributes auto ancillaries of international giants like General Motors, Reynold and American Autos. RML floated a wholly-owned subsidiary, Rane Power Steering (RPSL), in technical collaboration with TRW, US, to manufacture power steering systems used in heavy vehicles and luxury passenger cars. The manual rack and pinion steering gear facility at Pondicherry commenced trial production in the first quarter of 1996. The joint venture company TRW Rane Occupants Restriants for the manufacture of occupant restriant systems viz., seat belts has completed the erection of plant and machinery and the orders have also been received. During 1996-97, RML entered into a joint venture with NSK, Japan and Torrington Company, U.S., for the manufacture of energy absorbing steering columns at Vallancherry, Tamil Nadu. In 2000-01 installed capacity of Steering Gear Products have increased to 464400 No p.a. when compared to previous year of 459000 No. In 2004-05, the Company demerged with Rane (Madras) Manufacturing Ltd. (RMML). In terms of the Scheme, the manufacturing undertaking of the Company was demerged / transferred to RMML with effect from July 01, 2004. Further, the name of RMML was changed to Rane (Madras) Limited and the Company was renamed as Rane (Madras) Limited. Rane (Madras) Limited (RML) was promoted by the Company as a subsidiary Company. With the completion of share consolidation, RML ceased to be a subsidiary of the Company in 2004-05. Effective on 1st April 2006, Company acquired on a going concern basis, the entire business undertaking of Techcons Limited, a company held by Rane Engine Valves Limited and Rane Brake Linings Limited at a cost of Rs.2.50 million. During year 2007-08, the concluding phase of the restructuring exercise involving demerger of the manufacturing undertaking of the erstwhile Rane Engine Valves Limited (REVL) and the erstwhile Rane Brake Linings Limited (RBL) into separate manufacturing companies and amalgamation of their remaining businesses, mainly the investments within the group and other non-manufacturing assets, with the Company through a Court Approved Scheme, were completed during the year effective April 1, 2007. As a consideration on amalgamation of the remaining businesses of REVL and RBL, the Company issued and allotted 4,496,493 equity shares of Rs. 10/- each to the shareholders of these companies. With the amalgamation of the remaining businesses as above, Rane Investments Limited became a wholly owned subsidiary and Rane Diecast Limited became the subsidiary of the Company. In terms of Scheme of Merger approved by the Madras High Court, RIL, a wholly owned subsidiary of the Company was merged with Company effective April 1, 2009. The Company acquired 26% stake in SasMos HET Technologies Limited in FY 2012. It launched upgraded products such as valve stem seal for two-wheeler and passenger car segments, valve seat insert for medium and heavy commercial vehicle, etc. in 2015. As part of technical development for front line managers, Rane Manufacturing Systems Professional (RMSP) was launched in Q1 on manufacturing processes and systems with gemba based learning and business oriented projects in 2017. It acquired 69.41% stake in Bengaluru-based Telematics4u Services Pvt. Ltd - later renamed to Rane t4u Private Ltd., which provides connected mobility solutions in 2018.

No Data Found

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 505800
NSE Code : RANEHOLDIN
Book Closure Date (Month) :
BSE Group : B
ISIN : INE384A01010

FAQ’s on Rane Holdings Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Feb 28, 2024 03:46 PM the closing price of Rane Holdings Ltd was ₹ 1,090.50.

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 Feb 28, 2024 03:46 PM, the market cap of Rane Holdings Ltd stood at ₹ 1,557.02.

The latest PE ratio of Rane Holdings Ltd as of Feb 28, 2024 03:46 PM is 11.99

The latest PB ratio of Rane Holdings Ltd as of Feb 28, 2024 03:46 PM is 0.53

The 52-week high of Rane Holdings Ltd is ₹ 1,385.30 while the 52-week low is ₹ 825.00

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