Rane Holdings Ltd
Rane Holdings Ltd (RANEHOLDIN)

Rane Holdings Ltd (RANEHOLDIN)

₹791.20.06%

Key Stats

₹786
Day's Price Range
₹811.3
₹552.15
52-Week Price Range
₹946.6
1 Month Return-6.76 %
3 Month Return26.66 %
1 Year Return31.25 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 253
43.44
EPS
Rank 107
₹18.22
BVPS
Rank 27
₹543.57
Dividend Yield
Rank 184
ROE
Rank 302
9.6%
Price To Book Ratio
Rank 125
1.45
Debt To Asset
Rank 198
0.66

Company Information

Rane Madras RML is the flagship of the Madrasbased Rane group of companies. The other major group companies are Rane Brake Linings Engine Valves Rane Power Steerings Limited. The company has two main product lines Tie Rod Ends TREs and Steering Gears SGs used in steering systems of fourwheelers. 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 whollyowned 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 199697 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 200001 installed capacity of Steering Gear Products have increased to 464400 No p.a. when compared to previous year of 459000 No.The company has successfully absorbed technology from NSK Japan for the manufacture of VRST gears.The name of the company has been changed during April 2005 from Rane Madras Ltd to Rane Holdings Ltd.
OrganisationRane Holdings Ltd
HeadquartersChennai
IndustryFinance