Rane (Madras) Ltd share price logo

Rane (Madras) Ltd (RML)

₹835.152.1%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Rane (Madras) Ltd share Performance

  • ₹812.35
    ₹848.45
    ₹835.15
    downward going graph

    2.73%

    Low

    Day's Volatility:4.32%

    High

    1.59%

    downward going graph
  • ₹436
    ₹990.5
    ₹835.15
    downward going graph

    47.79%

    Low

    52 Weeks Volatility:66.40%

    High

    18.60%

    downward going graph
1 Month Return12.65 %
3 Month Return8.37 %
1 Year Return79 %
Previous Close₹817.95
Open₹812.35
Volume21.56K
Upper Circuit-
Lower Circuit-
Market Cap₹1,330.42Cr

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: ₹835.15 per share as on 29 Apr, 2024 04:01 PM
Market Capitalisation: ₹1,330.42Cr 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 Delivers Strong Returns to Shareholders - 20 Apr, 2024

    Rane (Madras) Limited has delivered a solid 34% CAGR over three years, with the share price surging 139% in that time. The company became profitable within the last three years and has seen strong increases in its share price. Shareholders have received a total shareholder return of 90% over one year.

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

    Retail Holding Up

    img

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

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

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

  • 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 277.7% return, outperforming this stock by 144.6%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Cummins India Ltd has given 102.5% return, outperforming this stock by 23.5%

  • 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

    MF Holding Down

    img

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

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, RML stock has moved down by -0.9%

  • 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

Industry (58.58x)

April 26, 2024

Today (60.10x)

April 26, 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 ₹835.15

Rane (Madras) Ltd is listed on NSE

Rane (Madras) Ltd is listed on BSE

  • Today’s highest price of Rane (Madras) Ltd is ₹848.45.
  • Today’s lowest price of Rane (Madras) Ltd is ₹812.35.

PE Ratio of Rane (Madras) Ltd is 60.1

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 21.56K.

Today’s market capitalisation of Rane (Madras) Ltd(RML) is ₹1330.42Cr.

Rane (Madras) Ltd(RMLPrice
52 Week High
₹990.5
52 Week Low
₹436

Rane (Madras) Ltd(RML) share price is ₹835.15. It is down -15.68% from its 52 Week High price of ₹990.5

Rane (Madras) Ltd(RML) share price is ₹835.15. It is up 91.55% from its 52 Week Low price of ₹436

Rane (Madras) Ltd(RMLReturns
1 Day Returns
17.2%
1 Month Returns
12.65%
3 Month Returns
8.37%
1 Year Returns
79%