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Rane Engine Valve Ltd
₹314.00
Mar 28, 4:01:37 PM GMT+5:30 · INR · BOM · Disclaimer
StockIN listed security
Previous close
₹321.45
Day range
₹305.40 - ₹326.65
Year range
₹196.00 - ₹505.65
Market cap
2.24B INR
Avg Volume
1.14K
P/E ratio
20.47
Dividend yield
-
Primary exchange
NSE
Market news
Financials
Income Statement
Revenue
Net income
(INR)Dec 2023Y/Y change
Revenue
1.36B9.96%
Operating expense
705.60M1.57%
Net income
35.00M297.74%
Net profit margin
2.57279.72%
Earnings per share
EBITDA
116.85M58.01%
Effective tax rate
31.64%
Total assets
Total liabilities
(INR)Dec 2023Y/Y change
Cash and short-term investments
68.00M1,159.26%
Total assets
Total liabilities
Total equity
1.13B
Shares outstanding
7.23M
Price to book
2.07
Return on assets
Return on capital
7.66%
Net change in cash
(INR)Dec 2023Y/Y change
Net income
35.00M297.74%
Cash from operations
Cash from investing
Cash from financing
Net change in cash
Free cash flow
About
Rane Engine Valve Limited is a part of Rane Group of companies involved in the manufacture of valves and valve train components for various engine applications. Incepted in the year 1959, it is one of the oldest engine valve manufacturers that caters in the auto industry. The company is headquartered in Chennai and has five manufacturing locations with 1 plant in Chennai, 2 in Hyderabad, 1 in Tumkur and a plant in Tiruchirapalli. It is the largest manufacturer of engine valves in India with an 30% market share. The company offers its products to companies engaged in the manufacture of passenger cars, utility vehicles, light commercial vehicles, medium and heavy commercial vehicles, farm tractors, and two and three wheelers, typically from motor cycles to marine engines. Volkswagen, Deutz. It recently inaugurated its dedicated Lean Manufacturing Practices line for Mahindra and Mahindra's Farm Equipment Sector in its Chennai plant. It also has a dedicated line for manufacturing valves for kappa engines of Hyundai motor. The company has an Export market. About 30% of its turnover comes from export and the export markets include Europe, North America, and the Far East. Wikipedia
Founded
1959
Employees
841
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