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RACL Geartech Ltd

RACL Geartech Ltd (520073)

₹1322.05▲0.26%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

RACL Geartech Ltd share Performance

₹1311
₹1350
₹1322.05
0.84%
Low
Day's Volatility:2.95%
High
2.11%
₹905
₹1525
₹1322.05
31.55%
Low
52 Weeks Volatility:46.90%
High
15.35%

Returns %
1 Month Return	9.93 %
3 Month Return	18.1 %
1 Year Return	42.57 %

Market Stats
Previous Close	₹1,318.65
Open	₹1,330.00
Volume	3,985.00
Upper Circuit	-
Lower Circuit	-
Market Cap	₹1,421.72Cr

Company Information

Raunaq Automotive Components (RAC) manufactures transmission gears and axle shafts for the automobile industry. Established in 1989, the company is based in Gajraula, Uttar Pradesh. It provides all types of transmission gears for twowheelers, tractors, cars, jeeps, LCVs, and heavy vehicles. Furthermore, it manufactures axle shafts mainly for heavy vehicles. RAC supplies its products mainly to original equipment manufacturers, its clientele including leading names like Majestic Auto, Escorts, HMT, VST Tillers Greaves, Telco, Ashok Leyland, Mahindra & Mahindra. It exports its products to Sri Lanka and Germany, and is exploring the potential in the UK and Turkey. The company is also negotiating with M/s Piaggio Greaves Vehicles Ltd. for the supply of components. This is along with plans to provide components for the OEM Customers, including Fiat, Piaggio, and others from the Fiat group.

Share Price: ₹1322.05 per share as on 03 May, 2024 04:01 PM
Market Capitalisation: ₹1,421.72Cr as of today
Revenue: ₹113.34Cr as on December 2023 (Q4 23)
Net Profit: ₹12.02Cr as on December 2023 (Q4 23)
Listing date: 01 Jan, 0001
Chairperson Name: Gursharan Singh

Organisation	RACL Geartech Ltd
Headquarters	Noida
Industry	Auto Ancillaries
E-voting on shares	Click here to vote

Key events for RACL Geartech Ltd

RACL Geartech Ltd: Precision Machining and Gear Cutting for Auto and Industrial Segments - 24 Feb, 2024
RACL Geartech Ltd specializes in gear cutting, precision machining, process R&D, and exports logistics handling. With over 900 SKUs, it caters to 22 active customers in the auto and industrial segment, including BMW Motorrad, Kubota Corporation, KTM AG, Schneider Electric, Dana, MAN, and ZF. Its top five customers accounted for ~60% of revenue in FY23.

Fundamentals of RACL Geartech Ltd

Insights on RACL Geartech Ltd

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

POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 3 quarters, 89.62 Cr → 115.27 Cr (in ₹), with an average increase of 11.8% per quarter
POSITIVE IMPACT
Best in 3 Years
In the last 3 years, RACL Geartech has outperformed top 5 stocks with highest market-cap in Auto, Truck & Motorcycle Parts
POSITIVE IMPACT
Price Rise
In the last 3 months, RACL Geartech stock has moved up by 18.1%
POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 46.58% to 46.62% in Mar 2024 quarter
POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 3 quarters, 8.76 Cr → 12.02 Cr (in ₹), with an average increase of 14.6% per quarter
NO EFFECT
FII Holding Unchanged
Foreign Institutions holdings remained unchanged at 0.07% of holdings in Mar 2024 quarter
NO EFFECT
Against Peers
In the last 1 year, Cummins India Ltd has given 108.7% return, outperforming this stock by 66.2%
NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 53.34% to 53.31% in Mar 2024 quarter