Rane (Madras) Ltd
RML

Rane (Madras) Ltd (RML)

₹378.351.76%

Key Stats

₹374.7
Day's Price Range
₹386.9
₹258.55
52-Week Price Range
₹452.95
1 Month Return16.9 %
3 Month Return22.07 %
1 Year Return-7.82 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 256
50.6
EPS
Rank 159
₹7.61
BVPS
Rank 117
₹117.98
Dividend Yield
Rank 185
ROE
Rank 592
Price To Book Ratio
Rank 207
3.26
Debt To Asset
Rank 103
0.82

Company Information

Rane Madras Ltd a part of the Rane group is a manufacturer of steering and suspension systems. The company operates under one division namely components for transportation industry. They manufacture two types of steering gears namely circulating ball type steering gears and rack and pinion type steering gears. The other products include tie rod assemblies drag link assemblies center link assemblies and gear shift ball joints. The company is a subsidiary company of Rane Holdings Ltd. The company is having their manufacturing facilities located at Chennai and Kancheepuram in Tamil Nadu Mysore in Karnataka Thirubuvanai in Pondicherry and Pantnagar in Uttarakhand. The production facilities in Mysore cater to the tractor and commercial vehicle segment the Pondicherry plant to the passenger car segment the plant in Chennai caters to the light commercial vehicle heavy commercial vehicle and utility vehicle segment the Kancheepuram plant to the export market and the manufacturing facility in Pantnagar Uttarakhand supplies gears exclusively to Tata Motors Ltd.Rane Madras Ltd was incorporated on March 31 2004 as a public limited company with the name Rane Holdings Ltd. The name of the company was subsequently changed to Rane Madras Manufacturing Ltd with effect from February 22 2005. In April 2005 the manufacturing undertaking of the erstwhile Rane Madras Ltd was demerged and transferred to the company with effect from July 1 2004. In terms of the scheme the demerged company was renamed as Rane Holding Ltd and the name of the company was changed from Rane Madras Manufacturing Ltd to Rane Madras Ltd with effect from May 19 2005.During the year 200506 the company increased the production capacity of Steering gear products from 590300 Nos to 597500 Nos.During the year 200607 the company set up a new plant for manufacture of ball joints in Ambakkam Varanasi Village Kancheepuram primarily to cater to the export markets. They commenced commercial production during the year. They also set up a manufacturing facility at Integral Industrial Estate Pant Nagar Uttarakhand for supply of Steering Gears exclusively to Tata Motors Ltd.Rane Holding Ltd made additional investment in the company and thus the company became a wholly owned subsidiary of the Rane Holdings Ltd with effect from March 26 2007.
OrganisationRane (Madras) Ltd
HeadquartersChennai
IndustryAuto Ancillaries