Rane (Madras) Ltd share price logo

Rane (Madras) Ltd Share Price (RML)

₹825.28.29%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Rane (Madras) Ltd share Performance

  • ₹755.65
    ₹835.55
    ₹825.2
    downward going graph

    8.43%

    Low

    Day's Volatility:9.68%

    High

    1.25%

    downward going graph
  • ₹432
    ₹990.5
    ₹825.2
    downward going graph

    47.65%

    Low

    52 Weeks Volatility:67.68%

    High

    20.03%

    downward going graph
1 Month Return9.91 %
3 Month Return-9.03 %
1 Year Return72.93 %
Previous Close₹762.00
Open₹760.05
Volume1.35L
Upper Circuit-
Lower Circuit-
Market Cap₹1,239.41Cr

Company Information

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: ₹825.20 per share as on 19 Apr, 2024 04:01 PM
Market Capitalisation: ₹1,239.41Cr as of today
Revenue: ₹521.05Cr as on December 2023 (Q4 23)
Net Profit: ₹9.09Cr as on December 2023 (Q4 23)
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) Ltd's High Debt Poses Risk to Shareholders - 14 Mar, 2024

    Rane (Madras) Ltd has a significant amount of debt on its balance sheet, with liabilities totaling ₹6.99b more than the combination of its cash and short-term receivables. Its debt to EBITDA ratio suggests high leverage, but it grew its EBIT at 15% over the last 12 months, boosting its ability to handle its debt.

Fundamentals of Rane (Madras) Ltd

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

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.00% to 0.01% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 26.73% to 26.87% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, RML stock has moved up by 3.9%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

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

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Cummins India Ltd has given 271.9% return, outperforming this stock by 145.7%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Cummins India Ltd has given 108.1% return, outperforming this stock by 35.2%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 0.63% to 0.47% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 611.88 Cr → 522.42 Cr (in ₹), with an average decrease of 14.6% per quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 17.77 Cr → 9.09 Cr (in ₹), with an average decrease of 48.9% per quarter

Rane (Madras) Ltd Valuation

Rane (Madras) Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-473.80x)

January 17, 2022

Today (55.99x)

April 18, 2024

Industry (57.94x)

April 18, 2024

Highest (184.78x)

April 22, 2019

LowHigh

Mutual Fund Holdings

Funds Holdings
Quant Business Cycle Fund Direct GrowthQuant Business Cycle Fund Direct Growth0.48%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
72.65%
0.00
Foreign Institutions
0.01%
0.00
Mutual Funds
0.47%
0.00
Retail Investors
26.87%
0.00
Others
0%
0.00

Technicals of Rane (Madras) Ltd share

News & Events of Rane (Madras) Ltd

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Rane (Madras) Ltd (RML) share price today is ₹825.2

Rane (Madras) Ltd is listed on NSE

Rane (Madras) Ltd is listed on BSE

  • Today’s highest price of Rane (Madras) Ltd is ₹835.55.
  • Today’s lowest price of Rane (Madras) Ltd is ₹755.65.

PE Ratio of Rane (Madras) Ltd is 55.99

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 1.35L.

Today’s market capitalisation of Rane (Madras) Ltd(RML) is ₹1239.41Cr.

Rane (Madras) Ltd(RMLPrice
52 Week High
₹990.5
52 Week Low
₹432

Rane (Madras) Ltd(RML) share price is ₹825.2. It is down -16.69% from its 52 Week High price of ₹990.5

Rane (Madras) Ltd(RML) share price is ₹825.2. It is up 91.02% from its 52 Week Low price of ₹432

Rane (Madras) Ltd(RMLReturns
1 Day Returns
63.2%
1 Month Returns
9.91%
3 Month Returns
-9.03%
1 Year Returns
72.93%