RML

Rane (Madras) Share PriceRane (Madras)

₹823.85
-3.2 (-0.39%)
As on 10 December, 2023 | 22:34 BSE: 532661 NSE: RMLISIN: INE050H01012

Rane (Madras) Performance

Day Range

  • Low 811.25
  • High 837.00
₹ 823.85

52 Week Range

  • Low 343.15
  • High 990.50
₹ 823.85
  • Open Price836.60
  • Previous Close827.05
  • Volume10659

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Rane (Madras) Share Price

  • Over 1 Month 2.28%
  • Over 3 Month 14.22%
  • Over 6 Month 34.37%
  • Over 1 Year 110.01%

Rane (Madras) Key Statistics

P/E Ratio 36.7
PEG Ratio 0.1
Market Cap Cr 1,340
Price to Book Ratio 5.5
EPS 82.4
Dividend 0
Relative Strength Index 49.85
Money Flow Index 69.29
MACD Signal 2.12
Average True Range 24.75

Rane (Madras) Investment Rating

  • Master Rating:
  • Rane (Madras) has an operating revenue of Rs. 2,404.38 Cr. on a trailing 12-month basis. An annual revenue growth of 36% is outstanding, Pre-tax margin of 2% needs improvement, ROE of 12% is good. The company has a high debt to equity of 101%, which can be a reason to worry. The stock from a technical standpoint is trading below to its 50DMA and around 27% up from its 200DMA. It needs to take out the 50DMA levels and stay above it to make any further meaningful move. It is currently FORMING a base in its weekly chart and is trading around 16% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 36 which is a POOR score indicating inconsistency in earnings, a RS Rating of 79 which is FAIR indicating the recent price performance, Buyer Demand at B+ which is evident from recent demand for the stock, Group Rank of 83 indicates it belongs to a poor industry group of Auto/Truck-Original Eqp and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Rane (Madras) Financials
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 572530561526537500452
Operating Expenses Qtr Cr 520480504473493453410
Operating Profit Qtr Cr 52505754434742
Depreciation Qtr Cr 19192318161616
Interest Qtr Cr 121088757
Tax Qtr Cr -1081412578
Net Profit Qtr Cr 73-19633162017
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 2,1361,562
Operating Expenses Annual Cr 1,9071,428
Operating Profit Annual in Cr 216127
Depreciation Cr 7361
Interest Annual Cr 2821
Tax Annual Cr 2815
Net Profit Annual Cr -12737
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 13029
Cash from Investing Activity Annual Cr -173-176
Cash from Financing Annual Activity Cr 50149
Net Cash Flow Annual Cr 72
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 247375
Fixed Assets Annual Cr 409384
Total Non Current Assets Annual Cr 494627
Total Current Assets Annual Cr 684566
Total Assets Annual Cr 1,1781,194
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 152230
ROE Annual % -5110
ROCE Annual % 3513
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 119
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 611588622583600549505
Operating Expenses Qtr Cr 579546566540567520479
Operating Profit Qtr Cr 32425543332927
Depreciation Qtr Cr 24242825222221
Interest Qtr Cr 1314139755
Tax Qtr Cr -1081412578
Net Profit Qtr Cr 18-1410240-3-3
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 2,3721,748
Operating Expenses Annual Cr 2,1721,668
Operating Profit Annual in Cr 18374
Depreciation Cr 9781
Interest Annual Cr 3420
Tax Annual Cr 2815
Net Profit Annual Cr 3011
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 88-6
Cash from Investing Activity Annual Cr -106-124
Cash from Financing Annual Activity Cr 35134
Net Cash Flow Annual Cr 175
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 242228
Fixed Assets Annual Cr 514491
Total Non Current Assets Annual Cr 585587
Total Current Assets Annual Cr 764643
Total Assets Annual Cr 1,3491,230
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 149140
ROE Annual % 125
ROCE Annual % 200
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 95

Rane (Madras) Technicals

EMA & SMA

Current Price
₹823.85
-3.2 (-0.39%)
pointer
  • Bullish Moving Average
  • ___
  • 8
  • Bearish Moving Average
  • ___
  • 8
  • 20 Day
  • ₹825.45
  • 50 Day
  • ₹813.49
  • 100 Day
  • ₹766.89
  • 200 Day
  • ₹676.57
  • 20 Day
  • ₹818.85
  • 50 Day
  • ₹838.01
  • 100 Day
  • ₹767.08
  • 200 Day
  • ₹645.52

Rane (Madras) Resistance and Support

PIVOT
₹824.04
Resistance
First Resistance 836.82
Second Resistance 849.78
Third Resistance 862.57
RSI 49.85
MFI 69.29
MACD Single Line 2.12
MACD 3.38
Support
First Resistance 811.07
Second Resistance 798.28
Third Resistance 785.32

Rane (Madras) Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 11,146 590,181 52.95
Week 10,433 593,139 56.85
1 Month 9,705 532,440 54.86
6 Month 74,326 2,097,488 28.22

Rane (Madras) Result Highlights

Rane (Madras) Synopsis

NSE-Auto/Truck-Original Eqp

Rane (Madras) is involved in the business activities of Manufacture of diverse parts and accessories for motor vehecles sucs as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalysers, clutches, steering wheels, steering columns and steering boxes etc.. Company’s Total Operating Revenue is Rs. 2123.55 Cr. and Equity Capital is Rs. 16.27 Cr. for the Year ended 31/03/2023. Rane (Madras) Ltd. is a Public Limited Listed company incorporated on 31/03/2004 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L65993TN2004PLC052856 and registration number is 052856.
Market Cap 1,340
Sales 2,190
Shares in Float 0.44
No of funds 3
Yield 0.89
Book Value 5.42
U/D Vol ratio 1.2
LTDebt / Equity 69
Alpha 0.29
Beta 1.26

Rane (Madras)

Owner NameSep-23Jun-23Mar-23Dec-22
Promoters 72.65%72.65%72.65%72.65%
Mutual Funds 0.5%
Foreign Portfolio Investors 0.01%0.12%
Financial Institutions/ Banks
Individual Investors 23.08%22.89%22.83%23.28%
Others 3.76%4.46%4.4%4.07%

Rane (Madras) Management

Name Designation
Mr. Ganesh Lakshminarayan Chairman
Mr. Harish Lakshman Vice Chairman
Mr. N Ramesh Rajan Director
Mr. Vikram Hosangady Director
Mr. Pradip Kumar Bishnoi Director
Ms. Vasudha Sundararaman Director

Rane (Madras) Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Rane (Madras) Corporate Action

Date Purpose Remarks
2023-10-30 Quarterly Results
2023-07-26 Quarterly Results
2023-05-05 Audited Results
2023-02-08 Quarterly Results
2022-10-21 Quarterly Results

Rane (Madras) MF Shareholding

Name Amount(cr)
Quant Business Cycle Fund Regular Growth 642

Rane (Madras) FAQs

What is Share Price of Rane (Madras) ?

Rane (Madras) share price is ₹823 As on 10 December, 2023 | 22:20

What is the Market Cap of Rane (Madras) ?

The Market Cap of Rane (Madras) is ₹1340 Cr As on 10 December, 2023 | 22:20

What is the P/E ratio of Rane (Madras) ?

The P/E ratio of Rane (Madras) is 36.7 As on 10 December, 2023 | 22:20

What is the PB ratio of Rane (Madras) ?

The PB ratio of Rane (Madras) is 5.5 As on 10 December, 2023 | 22:20

Q2FY23