Rane Madras
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Rane Madras share price

Rane (Madras) Ltd.

NSE: RML BSE: 532661 SECTOR: Auto Ancillary  35k   34   7

870.00
-6.00 (-0.68%)
BSE: Today, 04:01 PM

Price Summary

Today's High

₹ 884.8

Today's Low

₹ 869

52 Week High

₹ 1525.75

52 Week Low

₹ 623.55

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 1415.08 Cr.

Enterprise Value

₹ 2096.39 Cr.

No. of Shares

1.63 Cr.

P/E

93.9

P/B

5.22

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  166.51

CASH

₹ 19.39 Cr.

DEBT

₹ 700.7 Cr.

Promoter Holding

72.65 %

EPS (TTM)

₹  9.27

Sales Growth

0.88%

ROE

5.85 %

ROCE

-4.57%

Profit Growth

111.76 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year0.88%
3 Year23.14%
5 Year9.35%

Profit Growth

1 Year111.76%
3 Year31.88%
5 Year-20.63%

ROE%

1 Year5.85%
3 Year-7.99%
5 Year-9.84%

ROCE %

1 Year-4.57%
3 Year-1.02%
5 Year-0.99%

Debt/Equity

2.6814

Price to Cash Flow

10.89

Interest Cover Ratio

-0.7754

CFO/PAT (5 Yr. Avg.)

0

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 72.65 0.00
Jun 2024 72.65 0.00
Mar 2024 72.65 0.00
Dec 2023 72.65 0.00
Sep 2023 72.65 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 31.8770860619427% for the Past 3 years.
  • The company has shown a good revenue growth of 23.1447051374224% for the Past 3 years.
  • Company’s PEG ratio is 0.840206152119259.
  • The company has an efficient Cash Conversion Cycle of 12.3998 days.
  • The company has a high promoter holding of 72.65%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 18.6974822736009.

 Limitations

  • Company has a poor ROE of -7.98526294315707% over the past 3 years.
  • Company has a poor ROCE of -1.0214519381789% over the past 3 years
  • Company has low Interest coverage ratio of -0.7754.
  • The company is trading at a high PE of 93.9.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 572.48 521.05 518.32 521.88 529.02
Total Expenditure 520.32 470.92 491.55 477.37 491.75
Operating Profit 52.16 50.13 26.77 44.51 37.27
Other Income 0.39 0.38 1.05 0.43 2.41
Interest 12.39 14.64 13.41 14.15 14.93
Depreciation 19.48 20.85 21.57 20.59 20.74
Exceptional Items -121.56 0 -1.6 -0.06 -0.1
Profit Before Tax -100.88 15.02 -8.76 10.14 3.91
Tax -108.11 3.79 -2.21 2.59 1.07
Profit After Tax 7.23 11.23 -6.55 7.55 2.84
Adjusted EPS (Rs) 4.44 6.9 -4.03 4.64 1.75

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 1100.52 1147.15 1555 2123.55 2142.25
Total Expenditure 1023.57 1057.33 1427.32 1906.05 1961.44
Operating Profit 76.95 89.82 127.68 217.5 180.81
Other Income 22.32 3.9 6.79 11.95 2.59
Interest 32.72 23.96 21.89 28.67 51.06
Depreciation 52.42 52.3 61.11 73 81.08
Exceptional Items -37.58 -62.5 0 -225.89 -141.91
Profit Before Tax -23.45 -45.04 51.47 -98.11 -90.65
Tax 0.98 5.65 14.86 28.43 -105.53
Net Profit -24.43 -50.69 36.61 -126.54 14.88
Adjusted EPS (Rs.) -19.47 -34.79 22.5 -77.78 9.15

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 12.55 14.57 16.27 16.27 16.27
Total Reserves 288.38 293.7 358.66 230.84 245.05
Borrowings 139.82 89.26 151.95 169.87 262.2
Other N/C liabilities 19.29 31.85 42.51 53.75 -93.54
Current liabilities 409.73 523.81 639.21 737.19 811.59
Total Liabilities 869.77 953.19 1208.6 1207.92 1241.57
Assets
Net Block 333.9 316.18 367.88 392.7 431.37
Capital WIP 10.15 15.27 16.24 16.06 13.14
Intangible WIP 0 0 0 0 0
Investments 80.25 107.45 173.66 40.05 29.16
Loans & Advances 94.11 85.94 79.86 68.53 68.76
Other N/C Assets 15.3 12.39 4.5 6.86 7.1
Current Assets 336.06 415.96 566.46 683.72 692.04
Total Assets 869.77 953.19 1208.6 1207.92 1241.57
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations -23.45 -45.04 51.47 -98.11 -90.65
Adjustment 105.97 136.18 84.09 315.19 271.59
Changes in Assets & Liabilities 42.09 25.38 -91.57 -52.13 -26.11
Tax Paid -8.2 -9.32 -14.55 -35.33 -24.85
Operating Cash Flow 116.41 107.2 29.44 129.62 129.98
Investing Cash Flow -134.49 -95.49 -176.42 -172.64 -249.92
Financing Cash Flow 23.94 -23.46 148.8 50.37 125.36
Net Cash Flow 5.86 -11.75 1.82 7.35 5.42

Corporate Actions

Investors Details

PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
promoters 72.65 72.65 72.65 72.65 72.65
aditya ganesh 0.05 0.05 0.05 0.05 0.05
aparna ganesh 0.05 0.05 0.05 0.05 0.05
geetha raman subramanyam 0.07 0.07 0.07 0.07 0.07
malavika lakshman 0.03 0.03 0.03 0.03 0.03
meenakshi ganesh & l gane... 0.01 0.01 0.01 0.01 0.01
narayanaswamy sundaresan 0.08 0.08 0.08 0.08 0.08
rama r krishnan 0.03 0.03 0.03 0.03 0.03
raman t g g 0.17 0.17 0.17 0.17 0.17
rane holdings ltd 71.77 71.77 71.77 71.77 71.77
ranjini r iyer 0.07 0.07 0.07 0.07 0.07
rathika r sundaresan 0.12 0.12 0.12 0.12 0.12
rekha sundar 0.01 0.01 0.01 0.01 0.01
shanthi narayan 0.15 0.15 0.15 0.15 0.15
vanaja aghoram 0.03 0.03 0.03 0.03 0.03
PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
investors 27.35 27.35 27.35 27.35 27.35
investor education and pr... 0.12 - 0.12 - 0.13
investor education and pr... - 0.12 - 0.13 -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Rane (Madras) informs about credit rating 4 Dec, 4:43 PM Rane (Madras) informs about press release 4 Dec, 4:02 PM Rane (Madras) informs about press release 7 Nov, 5:08 PM Rane (Madras) informs about press release 25 Oct, 5:06 PM Rane Madras - Quaterly Results 24 Oct, 1:13 PM Rane Madras - Quaterly Results 24 Oct, 1:13 PM Rane Madras - Quaterly Results 24 Oct, 1:13 PM Rane (Madras) informs about updates 17 Oct, 3:58 PM Rane (Madras) informs about un-audited financial results 24 Jul, 4:53 PM Rane (Madras) informs about outcome of board meeting 24 Jul, 4:38 PM Rane Madras - Quaterly Results 24 Jul, 1:01 PM Rane Madras - Quaterly Results 24 Jul, 1:01 PM Rane Madras - Quaterly Results 24 Jul, 1:01 PM Rane (Madras) informs about annual report 28 Jun, 5:02 PM Rane Madras - Quaterly Results 9 May, 1:01 PM Rane Madras - Quaterly Results 9 May, 1:01 PM Rane Madras - Quaterly Results 9 May, 1:01 PM Rane (Madras) opens facility in Mexico for Steering Components 27 Jan, 1:35 PM Rane Madras - Quaterly Results 25 Jan, 7:03 PM Rane Madras - Quaterly Results 25 Jan, 7:03 PM Rane Madras - Quaterly Results 25 Jan, 7:03 PM Rane Madras - Quaterly Results 30 Oct, 1:52 PM Rane Madras - Quaterly Results 30 Oct, 1:52 PM Rane Madras - Quaterly Results 30 Oct, 1:52 PM Rane (Madras) gets nod to set up Wholly Owned Subsidiary 28 Sep, 12:28 PM Rane (Madras) enters into Share Purchase agreement to divest entire holdings in LMCA 7 Sep, 9:26 AM Rane’s (Madras) board approves entire divestment in LMCA 28 Aug, 6:21 PM Rane (Madras) informs about newspaper publication 27 Jul, 4:08 PM Rane Madras - Quaterly Results 26 Jul, 1:15 PM Rane Madras - Quaterly Results 26 Jul, 1:15 PM Rane Madras - Quaterly Results 26 Jul, 1:15 PM Rane (Madras) informs about press release 19 May, 3:57 PM Rane (Madras) plans to divest Rane Light Metal Casting Inc 17 May, 3:13 PM Rane (Madras) informs about related party transactions 6 May, 11:59 AM Rane Madras - Quaterly Results 5 May, 2:03 PM Rane Madras - Quaterly Results 5 May, 2:03 PM Rane Madras - Quaterly Results 5 May, 2:03 PM Rane (Madras) informs about newspaper publication 22 Mar, 4:50 PM Rane Madras - Quaterly Results 8 Feb, 1:26 PM Rane Madras - Quaterly Results 8 Feb, 1:26 PM Rane Madras - Quaterly Results 8 Feb, 1:26 PM Rane (Madras) informs about loss of share certificates 12 Jan, 5:41 PM Rane (Madras) informs about financial results 21 Oct, 4:09 PM Rane (Madras) informs about outcome of board meeting 21 Oct, 2:21 PM Rane Madras - Quaterly Results 21 Oct, 1:09 PM Rane Madras - Quaterly Results 21 Oct, 1:09 PM Rane Madras - Quaterly Results 21 Oct, 1:09 PM Rane (Madras) reports consolidated net loss of Rs 3 crore in Q1 23 Jul, 11:01 AM Rane Madras - Quaterly Results 21 Jul, 1:20 PM Rane Madras - Quaterly Results 21 Jul, 1:20 PM

Rane Madras Stock Price Analysis and Quick Research Report. Is Rane Madras an attractive stock to invest in?

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The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Rane Madras is performing and if it is the right time to buy the stock of Rane Madras with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Rane Madras has reported poor sales growth of 0.8806 % and in the latest quarter sales was Rs 529.02 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 9.1859 times for Rane Madras . It is managing its inventory poorly .
     
  • Rane Madras reported Profit growth of 111.7591 % over the year, where the latest year profit is Rs 14.88 Cr compared to the previous year of Rs -126.54 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of Rane Madras in the latest quarter is Rs 37.27 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Rane Madras has a poor ROE of 5.8533 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Rane Madras has a low Debt to Equity ratio of 2.6814.
     
  • Rane Madras pays a dividend of 0 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0 %.
     
  • The share of promoter in Rane Madras is high at 72.65 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Rane Madras is 94.4674099577986 compared to the 5 year average PE of 18.1787826509344 .
     
  • Share Price: - The current share price of Rane Madras is Rs 875.25. One can use valuation calculators of ticker to know if Rane Madras share price is undervalued or overvalued.
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Brief about Rane Madras

Rane (Madras) LIMITED Financials: Check Share Price, Balance Sheet, Annual Report, Quarterly Results, Shareholding, Company Profile and News for Company Analysis

Rane (Madras) Limited is a leading Indian automotive components manufacturer, specializing in the production of steering and suspension systems for the global automotive industry. Established in 1960, Rane (Madras) has emerged as a trusted name in the sector, known for its high-quality products and commitment to technological innovation. The company serves both domestic and international markets, supplying to renowned automobile manufacturers across the world. With a strong focus on research and development, Rane (Madras) continues to push the boundaries of automotive component manufacturing, ensuring superior performance and safety standards.

Rane (Madras) LIMITED : Share Price

The share price of Rane (Madras) Limited is an important indicator for investors tracking the company's performance in the stock market. As a long-term stock investor, it is crucial to monitor the movement of the share price to make informed investment decisions. Our website provides a comprehensive stock analysis page for Rane (Madras) Limited, which includes the latest share price information along with historical data. Utilize our pre-built screening tools to analyze the trends and patterns in the share price, helping you gauge the company's overall financial health.

Balance Sheet Analysis of : Rane (Madras) LIMITED

A company's balance sheet provides valuable insights into its financial position, including assets, liabilities, and shareholders' equity. For long-term stock investors, understanding the balance sheet of Rane (Madras) Limited is essential to assess both the company's liquidity and its ability to meet long-term obligations. Our website offers an in-depth analysis of Rane (Madras) Limited's balance sheet, accompanied by pre-built screening tools. As a premium feature, you can utilize our fair value calculation tools such as DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis to evaluate the company's financial stability.

Annual Report of : Rane (Madras) LIMITED

The annual report of Rane (Madras) Limited provides a comprehensive overview of the company's performance throughout the year. It includes detailed financial statements, management discussions, and analysis of the company's operations. As a long-term stock investor, analyzing the annual report enables you to gain valuable insights into Rane (Madras) Limited's strategic direction, competitive positioning, and future growth prospects. At our website, you can conveniently access and download the annual reports of Rane (Madras) Limited, allowing you to perform a thorough analysis of the company's financial health.

Dividend Analysis of:  Rane (Madras) LIMITED

Dividends are an important consideration for long-term stock investors, as they provide a regular income stream and indicate the company's profitability and shareholder-friendly approach. Rane (Madras) Limited's dividend policy can be analyzed to evaluate its commitment to rewarding investors. Our website's stock analysis page includes dividend-related information, enabling you to track the company's dividend history and payout ratios. By keeping abreast of Rane (Madras) Limited's dividend performance, you can make well-informed investment decisions aligned with your long-term financial goals.

Quarterly Results of : Rane (Madras) LIMITED

Tracking a company's quarterly results is crucial for stock investors seeking to monitor the financial performance and growth trajectory of the business. Rane (Madras) Limited's quarterly results provide valuable insights into revenue, profitability, and operational efficiency. Our website offers an analysis of Rane (Madras) Limited's quarterly results, presented with the help of visually intuitive price charts and pre-built screening tools. For a comprehensive understanding of the company's financial performance and its implications for long-term investors, our website provides downloadable files of con-call transcripts, investor presentations, and research reports.

Stock Price Analysis of : Rane (Madras) LIMITED

Analyzing the stock price of Rane (Madras) Limited is essential for long-term investors, as it helps in assessing the market sentiment and the company's valuation. Our website's stock analysis page contains detailed information on Rane (Madras) Limited's stock price, including historical trends and patterns. Utilize our pre-built screening tools to uncover insights and make informed investment decisions. By closely monitoring the stock price movement, you can identify potential opportunities and align your investment strategy accordingly.

News Updates for : Rane (Madras) LIMITED

Staying updated with the latest news and developments related to Rane (Madras) Limited is essential for long-term stock investors. Our website provides a dedicated news section where you can access the most recent news articles, press releases, and market updates pertaining to the company. By keeping abreast of Rane (Madras) Limited's news flow, you can gain valuable insights into the company's strategic initiatives, partnerships, and overall market positioning. Stay ahead of the curve with our platform's timely and curated news updates.

Concall Transcripts for : Rane (Madras) LIMITED

For long-term investors seeking to understand the management's perspective and gain insights into Rane (Madras) Limited's business strategies, con-call transcripts are a valuable resource. Our website provides downloadable con-call transcripts of Rane (Madras) Limited, allowing investors to delve deeper into the discussions and presentations made during these meetings. By analyzing the con-call transcripts, you can gain a comprehensive understanding of the company's vision, growth plans, and potential risk factors.

Investor Presentations by:  Rane (Madras) LIMITED

Investor presentations offer a glimpse into Rane (Madras) Limited's performance, strategy, and future prospects. These presentations provide a holistic view of the company's operations, competitive advantages, and growth plans. Our website offers downloadable investor presentations, providing you with an opportunity to closely analyze Rane (Madras) Limited's strategic direction and financial projections. By studying these presentations, long-term investors can make informed decisions aligned with their investment goals.

Promoters and Shareholders of : Rane (Madras) LIMITED

Rane (Madras) Limited's promoters and shareholders play a crucial role in shaping the company's future. Understanding the composition of the company's promoter group and major shareholders is important for long-term stock investors. Our website's stock analysis page includes detailed information about Rane (Madras) Limited's promoters and shareholders, allowing you to assess their stake and influence on the company's affairs. By scrutinizing the promoter shareholding patterns and major shareholders' interests, investors can gain insights into the company's corporate governance practices and stability.

note: This content has been written strictly in accordance with the guidelines provided by the user. However, please note that adding specific financial data points and numbers would significantly enhance the stock analysis content to serve long-term stock investors better.

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