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Rane (Madras) Ltd

RML

Rane (Madras) Ltd

RML
Consumer DiscretionaryAuto Parts
SmallcapWith a market cap of ₹1,851 cr, stock is ranked 1,174
High RiskStock is 3.63x as volatile as Nifty
1,119.301.28% (+14.10)
1,119.301.28% (+14.10)

Price Chart

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1W
1M
1Y
5Y
Max
SIP
Consumer DiscretionaryAuto Parts
SmallcapWith a market cap of ₹1,851 cr, stock is ranked 1,174
High RiskStock is 3.63x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

Avg

Average profitability - not good, not bad

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Consumer DiscretionaryAuto Parts
SmallcapWith a market cap of ₹1,851 cr, stock is ranked 1,174
High RiskStock is 3.63x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
88.597.23
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
42.927.320.46%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Rane (Madras) Limited is a manufacturer of steering and suspension linkages products (SSLP), steering gear products (SGP) and other articles of aluminum die casting products for transportation industry.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 7.47%, vs industry avg of 8.46%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 0.71% to 0.69%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 4.53%, vs industry avg of 10.9%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue891.571,206.521,408.701,564.571,291.521,274.261,794.352,372.302,243.532,177.10
Raw Materialssubtract506.15621.18775.67881.12704.14711.741,057.091,398.311,316.922,115.49
Power & Fuel Costsubtract22.3737.6040.3245.6139.9139.7951.1367.9357.35
Employee Costsubtract108.27202.88219.39230.23233.88219.53261.79289.63251.37
Selling & Administrative Expensessubtract99.5781.5672.5476.3571.6176.2096.31137.77148.02
Operating & Other expensessubtract77.82163.39164.84204.67182.32188.68200.89288.84424.24
Depreciation/Amortizationsubtract40.9157.1661.4365.9565.8766.1281.0196.6091.0387.85
Interest & Other Itemssubtract19.2130.1934.4135.0138.3327.6720.6034.7657.1156.80
Taxes & Other Itemssubtract4.608.2415.8823.210.985.6714.8728.44-105.53-103.94
EPS12.054.1121.902.05-37.12-45.096.9218.461.8612.85
DPS4.506.0012.008.500.000.000.000.000.000.00
Payout ratio0.371.460.554.140.000.000.000.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2021

Annual report

PDF

Investor Presentation

Jun 14PDF
Feb 9PDF
Nov 11PDF
Aug 18PDF
FY 2022

Annual report

PDF

Investor Presentation

May 30PDF
Nov 2PDF
Aug 9PDF
FY 2023

Annual report

PDF

Investor Presentation

May 18PDF
Oct 31PDF
FY 2024

Annual report

PDF

Investor Presentation

Aug 7PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryAuto Parts

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Rane (Madras) Ltd613.107.23
Samvardhana Motherson International Ltd52.055.010.38%
Bosch Ltd43.498.991.02%
Schaeffler India Ltd67.2812.590.67%

Price Comparison

Compare RML with any stock or ETF
Compare RML with any stock or ETF
RML
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding72.65%0.00%0.00%0.01%27.35%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun0.12%0.00%0.01%0.00%0.01%0.01%

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

RML has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJul 16, 2019

Final
Final | Div/Share: ₹4.50

Dividend/Share

4.50

Ex DateEx Date

Jul 16, 2019

Cash Dividend

Ex DateEx DateJan 31, 2019

Interim
Interim | Div/Share: ₹4.00

Dividend/Share

4.00

Ex DateEx Date

Jan 31, 2019

Cash Dividend

Ex DateEx DateJul 17, 2018

Final
Final | Div/Share: ₹7.50

Dividend/Share

7.50

Ex DateEx Date

Jul 17, 2018

Cash Dividend

Ex DateEx DateFeb 1, 2018

Interim
Interim | Div/Share: ₹4.50

Dividend/Share

4.50

Ex DateEx Date

Feb 1, 2018

Cash Dividend

Ex DateEx DateAug 14, 2017

Final
Final | Div/Share: ₹4.00

Dividend/Share

4.00

Ex DateEx Date

Aug 14, 2017

News & Opinions
Corporate
Rane (Madras) to conduct EGM

Rane (Madras) announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 20 November 2024 .Powered by Capital Market - Live

4 days agoCapital Market - Live
Corporate
Rane (Madras) to hold board meeting

Rane (Madras) will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Rane (Madras) to announce Quarterly Result

Rane (Madras) will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
CRISIL keeps ratings of Rane (Madras) on 'watch with positive implications'

The rating on the long-term and short-term bank facilities have been reaffirmed at 'CRISIL A' and 'CRISIL A1', respectively. CRISIL Ratings stated that the ratings were placed on watch, following the announcement by RML at the stock exchanges on February 9, 2024, that its board of directors has approved a scheme of arrangement wherein two listed entities of the Rane group, Rane Engine Valve (REVL) and Rane Brake Linings (RBLL) will be merged with RML on a share-swap basis, subject to approval from the National Company Law Tribunal (NCLT). The merger of the listed operating companies of the Rane group is expected to provide synergistic benefits in the form of common raw material procurement and logistics, better negotiations leading to better procurement strategy, besides streamlining of administration and other cost including insurance premiums for its product warranties. The merger will also create a larger entity, with better revenue and product diversity, and healthy operating margin of 8-10%. Operating margin will also benefit from sale of the erstwhile loss-making subsidiary, Rane Light Metal Castings, USA Inc (RLMC). The balance sheet is also likely to strengthen due to modest debt at REVL, zero debt at RBLL and no further requirement to support RLMC. The combined entity is expected to have a networth of more than Rs 650 crore, compared to Rs 250 crore estimated (at RML) as on March 31, 2024. Consolidated debt is projected to be Rs 822 crore, resulting in gearing of 1.26 times, compared to 2.8 times estimated (at RML) as on March 31, 2024. RML has obtained the no-objection certificate (NOC) from all lenders and stock exchanges. The scheme will be filed with NCLT, and the final approval is expected by end of fiscal 2025. The reorganisation should be able to unlock synergies and optimise support functions to improve efficiency in the Rane group. CRISIL Ratings will resolve the watch post receipt of necessary approvals and completion of necessary documentation for the merger, and receipt of necessary information from the management of RML. CRISIL Ratings believes that upon resolution of the watch, the ratings may improve, should the companies sustain the improvement in business performance. The ratings continue to reflect the healthy market position of RML in the domestic automotive steering components segment, its diversified revenue profile and benefits from being part of the Rane group. The ratings also factor in the moderate, though improving, financial risk profile. These rating strengths are partially offset by sizeable investment in the domestic and overseas diecasting business and modest though improving operating profitability. RML also remains exposed to cyclicality in demand and pricing pressure arising from large exposure to original equipment manufacturers (OEMs) in the automobile industry. Rane (Madras) is the flagship company of the Rane group. It is engaged in the manufacturing of manual steering gears, hydrostatic steering systems, and steering and suspension linkages which together account for about 80% of overall revenues. The balance comes from its high-pressure aluminum die casting division. The scrip had zoomed 7.13% to end at Rs 900.85 on the BSE on Friday. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Rane (Madras) receives revision in credit ratings from CRISIL

Rane (Madras) announced that CRISIL has reviewed ratings on bank facilities of the company as under: Total Bank Loan Facilities Rated - Rs.604.55 crore Long Term Rating - CRISIL A/Watch Positive (Continues on 'Rating Watch with Positive Implications') Short Term Rating - CRISIL A1 (Reaffirmed)Powered by Capital Market - Live

2 months agoCapital Market - Live

Rane Madras Q3 standalone net dips 66% to ₹11 cr

8 months agoThe Hindu

Rane Madras Q1 net slides 85% on decline in sales

1 year agoThe Hindu

Rane Madras to seek shareholders’ nod to divest U.S. subsidiary

1 year agoThe Hindu

Rane Madras posts standalone loss of ₹196 cr. in Q4

1 year agoThe Hindu

Rane Madras Consolidated December 2022 Net Sales at Rs 583.24 crore, up 33.22% Y-o-Y

1 year agoMoneycontrol