Rane (Madras) Ltd share price logo

Rane (Madras) Ltd (RML)

₹885.66.32%

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Overview
News
Financials
Q1 2024 Results
Technicals

Performance

  • Day's Low

    Day's High

    ₹830
    ₹960
  • 52 Week's Low

    52 Week's High

    ₹603.55
    ₹1,023
1 Month Return-5.61 %
3 Month Return-1.1 %
1 Year Return+ 19.78 %
Previous Close₹832.95
Open₹830.00
Volume1.72L
Upper Circuit-
Lower Circuit-
Market Cap₹1,354.82Cr

Key Statistics

P/E Ratio447.82
PEG Ratio-26.78
Market Cap₹1,354.82 Cr
P/B Ratio4.29
EPS1.86

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: ₹885.60 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹1,354.82Cr as of today
Revenue: ₹518.32Cr as on March 2024 (Q1 24)
Net Profit: ₹-9.37Cr as on March 2024 (Q1 24)
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 ROE and Debt to Equity Ratio Discussed - 12 Jun, 2024

    An article discusses Rane (Madras) Limited's low Return on Equity (ROE) of 1.2% compared to the industry average, as well as its high debt to equity ratio of 2.74. The author considers this a negative result. A link to a comprehensive analysis of the company's valuation is provided.

  • Rane Madras Reports Decrease in Net Sales and Increase in Quarterly Net Loss - 17 May, 2024

    Rane Madras reported a 7.58% YoY decrease in net sales for March 2024, with a quarterly net loss of Rs. 6.55 crore, up 96.65% from the previous year. EBITDA also decreased by 55.97%. The stock has given 3.92% returns over the last 6 months and 73.51% over the last 12 months.

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 26.87% to 27.35% in Jun 2024 quarter

  • imgNO EFFECT

    FII Holding Unchanged

    img

    Foreign Institutions holdings remained unchanged at 0.01% of holdings in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Samvardhana Motherson International Ltd has given 98.6% return, outperforming this stock by 78.8%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Cummins India Ltd has given 319.9% return, outperforming this stock by 213.9%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

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

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 17.77 Cr → -9.37 Cr (in ₹), with an average decrease of 126.0% per quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 0.47% to 0.00% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 3 quarters, 611.88 Cr → 519.28 Cr (in ₹), with an average decrease of 7.6% per quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, RML stock has moved down by -6.1%

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹518.32Cr
↓0.52%
Net Income
-₹9.37Cr
↓203.08%
Net Profit Margin
-1.81%
↓204.02%
2024Y/Y Change
Revenue
₹2,238.95Cr
↓4.91%
Net Income
₹3.02Cr
↓89.94%
Net Profit Margin
0.13%
↓89.84%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹1,352.15Cr
↑14.78%
Total Liabilities
₹1,090.83Cr
↑17.18%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
₹129.98Cr
↑0.28%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
72.65%
0.00
Foreign Institutions
0.01%
-2.13
Mutual Funds
0%
-100.00
Retail Investors
27.35%
1.76
Others
0%
0.00

Key Indicators

Rane (Madras) Ltd Valuation

Rane (Madras) Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-473.80x)

January 17, 2022

Industry (62.42x)

July 23, 2024

Today (447.82x)

July 23, 2024

Highest (487.77x)

July 11, 2024

LowHigh

Earnings and Dividends

  • Rane (Madras) Ltd Earnings Results

    Rane (Madras) Ltd’s net profit fell -198.22% since last year same period to ₹-9.37Cr in the Q4 2023-2024. On a quarterly growth basis, Rane (Madras) Ltd has generated -203.08% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Rane (Madras) Ltd Dividends May,2019

    In the quarter ending March 2019, Rane (Madras) Ltd has declared dividend of ₹4.50 - translating a dividend yield of 1.02%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Rane (Madras) Ltd is currently in a Bullish trading position according to technical analysis indicators.

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Rane (Madras) Ltd (RML) share price today is ₹885.6

Rane (Madras) Ltd is listed on NSE

Rane (Madras) Ltd is listed on BSE

  • Today’s highest price of Rane (Madras) Ltd is ₹960.
  • Today’s lowest price of Rane (Madras) Ltd is ₹830.

PE Ratio of Rane (Madras) Ltd is 447.82

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 1.72L.

Today’s market capitalisation of Rane (Madras) Ltd(RML) is ₹1354.82Cr.

Rane (Madras) Ltd(RMLPrice
52 Week High
₹1023
52 Week Low
₹603.55

Rane (Madras) Ltd(RML) share price is ₹885.6. It is down -13.43% from its 52 Week High price of ₹1023

Rane (Madras) Ltd(RML) share price is ₹885.6. It is up 46.73% from its 52 Week Low price of ₹603.55

Rane (Madras) Ltd(RMLReturns
1 Day Returns
52.65%
1 Month Returns
-5.61%
3 Month Returns
-1.1%
1 Year Returns
19.78%