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Rane (Madras) Ltd
₹684.00
Mar 28, 5:32:01 PM GMT+5:30 · INR · NSE · Disclaimer
StockIN listed securityIN headquartered
Previous close
₹680.55
Day range
₹682.00 - ₹708.00
Year range
₹385.50 - ₹990.50
Market cap
11.24B INR
Avg Volume
13.44K
P/E ratio
50.77
Dividend yield
-
Primary exchange
NSE
Market news
Financials
Income Statement
Revenue
Net income
(INR)Dec 2023Y/Y change
Revenue
5.21B-10.66%
Operating expense
1.64B-17.72%
Net income
90.90M-61.66%
Net profit margin
1.74-57.25%
Earnings per share
EBITDA
496.35M30.52%
Effective tax rate
29.43%
Total assets
Total liabilities
(INR)Dec 2023Y/Y change
Cash and short-term investments
346.60M62.88%
Total assets
Total liabilities
Total equity
2.56B
Shares outstanding
16.26M
Price to book
4.33
Return on assets
Return on capital
7.11%
Net change in cash
(INR)Dec 2023Y/Y change
Net income
90.90M-61.66%
Cash from operations
Cash from investing
Cash from financing
Net change in cash
Free cash flow
About
Rane (Madras) Ltd is a part of the Rane group of companies involved in the manufacture and distribution of steering and suspension systems. The main components manufactured by the company include Manual Steering Gear Products and Suspension & Steering Linkage Products. The other products include tie rod assemblies, drag link assemblies, center link assemblies and gear shift ball joints. Automobile companies that use its products include Ashok Leyland, Volvo, M&M, Tafe, Tata among many others. Tata motors remains its major customer and is the primary parts manufacturer for Tata's Nano. The company has also set up a dedicated plant for Tata Nano in Sanand, Gujarat. The company was forced to change its manufacturing facility from West Bengal to Gujarat after Tata moved out. Wikipedia
Founded
1929
Employees
1,165
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