Rane (Madras) Ltd.

RML

₹928.25

0.77% (7.05)

Market Cap

₹2,545 Cr.

P/E

67.60

Key Ratios

Edit Ratio's

Market cap

2,545 Cr

67.60

Prom Holding

72.65 %

ROE (%)

1.18

ROCE (%)

13.63

Div Yield (%)

0.87

Sales

2,473 Cr

OPM (%)

7.77 %

Debt to Equity

2.74

Edit Ratio's

About

Rane (Madras) Ltd specializes in manufacturing steering and suspension systems for various seg… Read more

Low

575

52W Range

High

1529

Timeline

Key company specific updates

Company Timeline

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Custom financial statementNew

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Forensics

8 Yes

Positive for this company

2 Neutral

Neutral for this company

7 No

Negative for this company

0 No Data

Insufficient data to analyse

Accounting & Shareholding

Contingent Liabilities

Company does not have significant contingent liabilities
Other Income

Other income is not affecting ratios of the company
Pledge

Promoters have not pledged a significant portion of their holding
Revenue Recognition

Company is converting accounting profit to cash
Promoter Holding

Promoter has not sold any shares in the last 90 days
Depreciation Effect

Company is depreciating a lower percentage of assets. this is contributing to an increase in net profit
Retail Holding

Retail has been buying the stock which is usually a sign of exuberance

Price & Performance

Capex vs ROCE

Roce of the company has increased over the last three years
ROE

Net profit margin is responsible for roe increase over last 10 years
Share price

Share price has increased over last 10 years due to earnings
Working Capital

Working capital of the company seems to be under control
Balance Sheet Strength

Balance sheet of the company is moderately strong
Current vs Historic Valuation

Company is trading at a premium to 3yr historic valuations
Debt

Company might have issues servicing its debt
Sales Growth

Sales of the company has grown at a slow pace
Margin Stability

Margins of the company are volatile
ROCE Strength

Roce of the company is not consistently strong

Market Share

72 %

(as of Mar 18)

Historic

Steering Gear & Suspension Systems - Market Share

39 %

(as of Mar 18)

Historic

Steering Gear - Market Share

Revenue mix

Product Wise Break-Up

Location Wise Break-Up

Customer Segment

OEM vs Aftermarket

Asset Break-Up

Operational Metrics

Capacity Utilization - Die-Casting Division (%)
R&D as a % of Total Sales (%)
Source

Peer Comparison

Corporate Actions

Consolidated

DATE

DETAILS

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Customers

Ashok Leyland Ltd.
Eicher Motors Ltd.
Escorts Kubota Ltd.
India Motor Parts & Accessories Ltd.
Mahindra & Mahindra Ltd.
Maruti Suzuki India Ltd.
Tata Motors Ltd.
Aisin Siekin
Bombardier
Daihatsu
Daimler
JMA Automotive
John Deere India
Magna
Nexteer
Polaris
Tafe
Toyota
ZF
Audi
BMW
Deutz
Fiat
Hyundai
Lister Petter Engine Company Ltd.

Showing 5 of 25

FAQs on Rane (Madras) Ltd. Business

What does Rane Madras do?

Rane (Madras) Ltd specializes in manufacturing steering and suspension systems for various vehicle segments including passenger cars, commercial vehicles, and farm tractors, offering a wide range of products such as steering gears and linkages.

Who are the competitors of Rane Madras?

Rane Madras major competitors are JTEKT India, ZF Steering Gear (I), Divgi Torqtransfer, LG Balakrishnan&Bros, Setco Automotive, Craftsman Automation, Elecon Engg..
Market Cap of Rane Madras is ₹2,545 Crs.
While the median market cap of its peers are ₹3,527 Crs.

Is Rane Madras financially stable compared to its competitors?

Rane Madras seems to be less financially stable compared to its competitors.
Altman Z score of Rane Madras is 3.59 and is ranked 7 out of its 8 competitors.

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