Rane (Madras) Ltd.
Snapshot View

328.55 +24.75 ▲8.2%

20 May 2022, 04:01:00 PM
Volume: 11,061

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.ranegroup.com
Market Cap 537.73 Cr.
Enterprise Value(EV) 1,097.98 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) 6.55 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) 50.13 Trailing Twelve Months Ending 2022-03
Industry PE 42.22 Trailing Twelve Months Ending 2022-03
Book Value / Share 140.26 Trailing Twelve Months Ending 2022-03
Price to Book Value 2.34 Calculated using Price: 328.55
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 1.63 Cr. 16,265,267 Shares
FaceValue 10
Company Profile

Rane (Madras) Ltd. started with the inception of manufacturing facilities in the year 1960.The company is the manufacturer of steering & suspension systems for every segment of automobile industry, viz Passenger cars, Multi utility vehicles, Light commercial vehicles, Heavy commercial vehicles and Farm tractors. Best in class manufacturing facilities.

It has got Strategic Technical partnerships with M/s TRW Inc, USA for Steering Gear  Products & TRW Ehrenreich GmbH & Co., Germany for Steering Linkage Products Holds major market share in India both in Manual steering gear systems & suspension systems.

The production plants of the company at Chennai (2 plants), Mysore, Puducherry each address a specific industry segment. Independent manufacturing cells produce specialised high end components.

  • Chennai plant - Light Commercial vehicle, Heavy Commercial vehicle and Utility vehicles segments.
  • Mysore plant - Tractor and Commercial vehicle segments.
  • Puducherry plant - Passenger car segments.
  • Varanavasi (Chennai) plant - Exports market. 
  • Uttarakhand plant - Caters specifically to the customers in the North of India.

Product range of the company includes:

Manual Steering Gears  

  • Re - circulating ball type
  • Rack and Pinion 

Steering Linkages 

  • Tie rod assemblies  
  • Drag link assemblies  
  • Centre link assemblies  
  • Gear shift ball joints  

Suspension Linkages 

  • Lower control arms  
  • Lower & Upper
  • Suspension ball joints 
  • Inner & Outer ball joints   
  • Axle ball joints

Achievements/ recognition:

  • IS0/TS 16949:2002 certifications for each of its manufacturing locations
  • IS0 14001 certified plants
  • OHSAS 18001 certified
  • Deming Application Prize winner in the year 2007

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+8.15%
1 Week
+10.20%
1 Month
-8.07%
3 Month
-13.00%
6 Month
-9.53%
1 Year
-14.28%
2 Year
+72.15%
5 Year
-27.47%
10 Year
+142.29%
8 years 2003-03 2004-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 5.04 45.27 13.79 2.80 12.68 1.06 -22.44 -35.20
Return on Capital Employed (%) 12.11 18.93 12.19 8.48 13.48 9.83 -0.95 -4.29
Return on Assets (%) 0.64 8.37 2.82 0.56 2.83 0.26 -4.82 -6.22

Balance Sheet View Details

Particulars 7 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds 159 157 230 230 184 182 228
Non Curr. Liab. 200 175 180 207 241 237 277
Curr. Liab. 387 459 510 525 501 621 725
Minority Int.
Equity & Liab. 746 791 920 963 926 1,039 1,230
Non Curr. Assets 443 434 464 489 533 557 587
Curr. Assets 303 357 456 473 393 482 643
Misc. Exp. not W/O
Total Assets 746 791 920 963 926 1,039 1,230

Profit Loss View Details

Particulars 7 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. TTM
Net Sales 890 1,195 1,400 1,555 1,277 1,267 1,742
Other Income 2 11 9 10 17 7 15
Total Income 892 1,207 1,409 1,565 1,294 1,274 1,757
Total Expenditure -811 -1,107 -1,273 -1,438 -1,233 -1,236 -1,678
PBIDT 80 100 136 127 62 38 79
Interest -19 -30 -34 -35 -38 -28 -20
Depreciation -41 -57 -61 -66 -66 -66 -81
Taxation -5 -8 -16 -23 -1 -6 -15
Exceptional Items -3 -2 47
PAT 13 4 24 2 -46 -61 11
Minority Interest
Share Associate
Other Related Items
Consolidated Net Profit 13 4 24 2 -46 -61 11
Adjusted EPS 12 4 21 2 -36 -42 8

Cash Flow View Details

Particulars 6 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 31 88 65 45 69 46
Cash Fr. Inv. -74 -77 -78 -60 -103 -80
Cash Fr. Finan. 43 -7 14 26 34 21
Net Change 0 4 1 11 0 -13
Cash & Cash Eqvt 2 6 7 18 18 5

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 64.56 64.56 64.56 64.56 69.45 69.45 71.14 71.14 72.65
Public 35.44 35.44 35.44 35.44 30.55 30.55 28.86 28.86 27.35
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Sat, 21 May 2022
Announcement under Regulation 30 (LODR)-Newspaper Publication
We hereby enclose copies of extract of the audited (standalone & consolidated) financial results of the Company for the quarter and year ended March 31 2022 (UFR) published on May 21 2022 in the newspapers viz. Business Standard (English) and Dinamani (Regional language). We request you to take the above on record and note the compliance under relevant provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (SEBI LODR).
Fri, 20 May 2022
Compliance - Statement Of Deviation Or Variation - Regulation 32 Of SEBI LODR
In terms of Regulation 32 of SEBI LODR we submit herewith the quarterly statement of deviation(s) / variation(s) after review by the audit committee at its meeting held on May 20 2022 in connection with the proceeds from preferential issue(s) of convertible warrants to Rane Holdings Limited a member of the Promoter Group of the Company. The Company raised an amount of upto Rs.15 crores during the quarter which were completely utilized in line with stated objects.It may also be noted there is no deviation/variation in the utilization of funds against the stated objects and hence a NIL statement for the period ended March 31 2022 is being enclosed as per annexure A.Kindly take this on record as compliance with the relevant regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (SEBI LODR).
Fri, 20 May 2022
Results - Financial Results For The Quarter & Year Ended March 31 2022 (Audited - Standalone & Consolidated)<BR> <BR>
This is to inform that the Board of Directors at their meeting held today have inter alia approved:

(i) the audited financial results Standalone & consolidated (AFR) of the Company for the quarter and year ended March 31 2022 based on the recommendation of the audit committee at its meeting held earlier today (May 20 2022).The AFR of the Company for the quarter and year ended March 31 2022 is enclosed along with the Independent Auditors Report on results issued by M/s. BSR&Co. LLP Chartered Accountants Statutory Auditors. Further declaration in respect of unmodified opinion on the AFR for the year ended March 31 2022 is enclosed (Regulation 33).

The AFR will be uploaded on the website of the company at www.ranegroup.com (Regulation 46).The extract of the AFR will be published in newspapers i.e. Business Standard and Dinamani in the format prescribed (Regulation 47);

The meeting of the Board of Directors commenced at 12:05 hrs and concluded at 12:40 hrs. (IST).

Technical Scans View Details

Fri, 20 May 2022
Higher Delivery Quantity Higher Delivery Quantity
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity
Opening at Low Opening at Low
Closing Above Previous High Closing Above Previous High

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