Rane Engine Valve Ltd

Rane Engine Valve Ltd (RANEENGINE)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-25.57 %
3 Month Return-22.09 %
1 Year Return-31.51 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 58
Rank 58
Rank 65
Dividend Yield
Rank 42
Rank 78
Price To Book Ratio
Rank 49
Debt To Asset
Rank 65

Company Information

Rane Engine Valve Ltd manufactures and supplies valves and valve train components for various engine applications in India. The company is engaged in the business of manufacturing and marketing of Valves Valve Guides and Valve Tappets for IC engines and related auto components. The company is having their manufacturing facilities located at Alandur Ponneri and Pudukottai in Tamil Nadu and Medchal and Aziz Nagar in Andhra Pradesh.Rane Engine Valve Ltd was incorporated on March 9 1972 with the name Techcons Ltd. The company was incorporated with the main object to carry on the business of consultancy services within the Rane Group. In March 31 2006 the company transferred their entire undertaking on a going concern basis to Rane Holdings Ltd with effect from April 1 2006. In September 2007 the company amended their Objects and Capital clauses in their Memorandum of Association to facilitate carrying on of manufacturing of inlet and exhaust valves valve guides and valve tappets for I.C. engines. In December 2007 as per the scheme of demerger merger and amalgamation the he company took over the manufacturing undertaking of erstwhile Rane Engine Valves Ltd demerged company with effect from April 1 2007. In terms of the scheme the name of the company was changed from Techcons Ltd to Rane Engine Valve Ltd with effect from February 6 2008.During the year 200809 the company set up two production lines with a capacity of 2.5 million valves per annum on two shifts basis at their new plant near Trichy in the state of Tamilnadu and commenced commercial production. During the year 200910 the company commissioned one more one more production line at the Trichy plant with an additional capacity of another 1.25 million valves per year. Thus the company increased the production capacity of Valves by 5962000 Nos to 48409000 Nos Guides by 2088000 Nos to 12900000 Nos and Tappets by 170000 Nos to 1940000 Nos.
OrganisationRane Engine Valve Ltd
IndustryAuto Ancillaries