Rane (Madras) Ltd
RMLRane (Madras) Ltd
RMLPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
AvgAverage profitability - not good, not bad
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
88.59 | 7.23 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
42.92 | 7.32 | 0.46% |
Forecast & Ratings
Detailed Forecast Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
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.
Peers
Compare with peersSamvardhana Motherson International Ltd
Bosch Ltd
Schaeffler India Ltd
UNO Minda Ltd
Sona BLW Precision Forgings Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
Revenue Forecast
Earnings Per Share Forecast
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 891.57 | 1,206.52 | 1,408.70 | 1,564.57 | 1,291.52 | 1,274.26 | 1,794.35 | 2,372.30 | 2,243.53 | 2,177.10 | ||||||||||
Raw Materials | 506.15 | 621.18 | 775.67 | 881.12 | 704.14 | 711.74 | 1,057.09 | 1,398.31 | 1,316.92 | 2,115.49 | ||||||||||
Power & Fuel Cost | 22.37 | 37.60 | 40.32 | 45.61 | 39.91 | 39.79 | 51.13 | 67.93 | 57.35 | |||||||||||
Employee Cost | 108.27 | 202.88 | 219.39 | 230.23 | 233.88 | 219.53 | 261.79 | 289.63 | 251.37 | |||||||||||
Selling & Administrative Expenses | 99.57 | 81.56 | 72.54 | 76.35 | 71.61 | 76.20 | 96.31 | 137.77 | 148.02 | |||||||||||
Operating & Other expenses | 77.82 | 163.39 | 164.84 | 204.67 | 182.32 | 188.68 | 200.89 | 288.84 | 424.24 | |||||||||||
EBITDA | 77.39 | 99.91 | 135.94 | 126.59 | 59.66 | 38.32 | 127.14 | 189.82 | 45.63 | 61.61 | ||||||||||
Depreciation/Amortization | 40.91 | 57.16 | 61.43 | 65.95 | 65.87 | 66.12 | 81.01 | 96.60 | 91.03 | 87.85 | ||||||||||
PBIT | 36.48 | 42.75 | 74.51 | 60.64 | -6.21 | -27.80 | 46.13 | 93.22 | -45.40 | -26.24 | ||||||||||
Interest & Other Items | 19.21 | 30.19 | 34.41 | 35.01 | 38.33 | 27.67 | 20.60 | 34.76 | 57.11 | 56.80 | ||||||||||
PBT | 17.27 | 12.56 | 40.10 | 25.63 | -44.54 | -55.47 | 25.53 | 58.46 | -102.51 | -83.04 | ||||||||||
Taxes & Other Items | 4.60 | 8.24 | 15.88 | 23.21 | 0.98 | 5.67 | 14.87 | 28.44 | -105.53 | -103.94 | ||||||||||
Net Income | 12.67 | 4.32 | 24.22 | 2.42 | -45.52 | -61.14 | 10.66 | 30.02 | 3.02 | 20.90 | ||||||||||
EPS | 12.05 | 4.11 | 21.90 | 2.05 | -37.12 | -45.09 | 6.92 | 18.46 | 1.86 | 12.85 | ||||||||||
DPS | 4.50 | 6.00 | 12.00 | 8.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||
Payout ratio | 0.37 | 1.46 | 0.55 | 4.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Annual report
PDFPeers & Comparison
Consumer DiscretionaryAuto Parts
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Rane (Madras) Ltd | 613.10 | 7.23 | — |
Samvardhana Motherson International Ltd | 52.05 | 5.01 | 0.38% |
Bosch Ltd | 43.49 | 8.99 | 1.02% |
Schaeffler India Ltd | 67.28 | 12.59 | 0.67% |
Price Comparison
Compare RML with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividends
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
Dividend/Share
₹4.50
Ex DateEx Date
Jul 16, 2019
Cash Dividend
Ex DateEx DateJan 31, 2019
Dividend/Share
₹4.00
Ex DateEx Date
Jan 31, 2019
Cash Dividend
Ex DateEx DateJul 17, 2018
Dividend/Share
₹7.50
Ex DateEx Date
Jul 17, 2018
Cash Dividend
Ex DateEx DateFeb 1, 2018
Dividend/Share
₹4.50
Ex DateEx Date
Feb 1, 2018
Cash Dividend
Ex DateEx DateAug 14, 2017
Dividend/Share
₹4.00
Ex DateEx Date
Aug 14, 2017
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
Rane (Madras) will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live
Rane (Madras) will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live
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
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
Rane Madras Q3 standalone net dips 66% to ₹11 cr
Rane Madras Q1 net slides 85% on decline in sales
Rane Madras to seek shareholders’ nod to divest U.S. subsidiary
Rane Madras posts standalone loss of ₹196 cr. in Q4
Rane Madras Consolidated December 2022 Net Sales at Rs 583.24 crore, up 33.22% Y-o-Y
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 7.47%, vs industry avg of 8.46%
Decreasing Market Share
Over the last 5 years, market share decreased from 0.71% to 0.69%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 4.53%, vs industry avg of 10.9%