Rane Holdings Ltd

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NSEBSE

1118.90-18.15 (-1.60%)

12:00 AM,27th Feb 2024

1126.805.80 (0.52%)

04:01 PM,27th Feb 2024

BSE : 505800

NSE : RANEHOLDIN

Sector : Financials

ISIN Code : INE384A01010

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Last Updated: Feb 27 2024 | 04:01 PM IST

Market Cap (₹ Cr)

1597

Turnover (₹ Cr)

0.06

Volume (Shares)

5738

Face Value

10

52-WK High

1385.30

52-WK High Date

29 Dec 2023

52-WK Low

825.00

52-WK Low Date

28 Mar 2023

All Time High

2799.00

All Time High Date

14 Mar 2018

All Time Low

16.40

All Time Low Date

03 Jan 2002

Rane Holdings Ltd

Rane Holdings Limited(RHL) (Erstwhile known as Rane Madras Ltd) is the holding company whose main activity is investing in Rane Group Companies that are engaged primarily in the manufacturing/marketing of components and providing technological services for the transportation industry mainly the automotive sector. The company has two main product lines -- Tie Rod Ends (TREs) and Steering Gears (SGs) used in steering systems of four-wheelers. Production of TREs in Madras is in technical collaboration with TRW Ehrenreich Germany. The company distributes auto ancillaries of international giants like General Motors Reynold and American Autos. RML floated a wholly-owned subsidiary Rane Power Steering (RPSL) in technical collaboration with TRW US to manufacture power steering systems used in heavy vehicles and luxury passenger cars.The manual rack and pinion steering gear facility at Pondicherry commenced trial production in the first quarter of 1996. The joint venture company TRW Rane Occupants Restriants for the manufacture of occupant restriant systems viz. seat belts has completed the erection of plant and machinery and the orders have also been received. During 1996-97 RML entered into a joint venture with NSK Japan and Torrington Company U.S. for the manufacture of energy absorbing steering columns at Vallancherry Tamil Nadu. In 2000-01 installed capacity of Steering Gear Products have increased to 464400 No p.a. when compared to previous year of 459000 No.In 2004-05 the Company demerged with Rane (Madras) Manufacturing Ltd. (RMML). In terms of the Scheme the manufacturing undertaking of the Company was demerged / transferred to RMML with effect from July 01 2004. Further the name of RMML was changed to Rane (Madras) Limited and the Company was renamed as Rane (Madras) Limited. Rane (Madras) Limited (RML) was promoted by the Company as a subsidiary Company. With the completion of share consolidation RML ceased to be a subsidiary of the Company in 2004-05.Effective on 1st April 2006 Company acquired on a going concern basis the entire business undertaking of Techcons Limited a company held by Rane Engine Valves Limited and Rane Brake Linings Limited at a cost of Rs.2.50 million.During year 2007-08 the concluding phase of the restructuring exercise involving demerger of the manufacturing undertaking of the erstwhile Rane Engine Valves Limited (REVL) and the erstwhile Rane Brake Linings Limited (RBL) into separate manufacturing companies and amalgamation of their remaining businesses mainly the investments within the group and other non-manufacturing assets with the Company through a Court Approved Scheme were completed during the year effective April 1 2007. As a consideration on amalgamation of the remaining businesses of REVL and RBL the Company issued and allotted 4496493 equity shares of Rs. 10/- each to the shareholders of these companies. With the amalgamation of the remaining businesses as above Rane Investments Limited became a wholly owned subsidiary and Rane Diecast Limited became the subsidiary of the Company.In terms of Scheme of Merger approved by the Madras High Court RIL a wholly owned subsidiary of the Company was merged with Company effective April 1 2009. The Company acquired 26% stake in SasMos HET Technologies Limited in FY 2012. It launched upgraded products such as valve stem seal for two-wheeler and passenger car segments valve seat insert for medium and heavy commercial vehicle etc. in 2015. As part of technical development for front line managers Rane Manufacturing Systems Professional (RMSP) was launched in Q1 on manufacturing processes and systems with gemba based learning and business oriented projects in 2017. It acquired 69.41% stake in Bengaluru-based Telematics4u Services Pvt. Ltd - later renamed to Rane t4u Private Ltd. which provides connected mobility solutions in 2018.

Rane Holdings Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1597

EPS - TTM (₹) [S]

50.42

P/E Ratio (X) [S]

2.83

Face Value (₹) 10
Latest Dividend (%)170.00
Latest Dividend Date 28 Jul 2023
Dividend Yield (%) 1.51
Book Value Share (₹) [S]395.20
P/B Ratio (₹) [S]2.83
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Bandhan Transportation and Logistics Fund-Reg (G) 6.77 55000 1.66
Bandhan Transportation and Logistics Fund-Reg (IDCW) 6.77 55000 1.66
Bandhan Transportation and Logistics Fund-Dir (G) 6.77 55000 1.66
Bandhan Transportation and Logistics Fund-Dir (IDCW) 6.77 55000 1.66
Bandhan Small Cap Fund (G) 2.21 17911 0.05
Bandhan Small Cap Fund (IDCW) 2.21 17911 0.05
Bandhan Small Cap Fund - Direct (G) 2.21 17911 0.05
Bandhan Small Cap Fund - Direct (IDCW) 2.21 17911 0.05

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

1116.15

1150.00

Week Low/High

1108.95

1172.00

Month Low/High

1093.00

1320.00

Year Low/High

825.00

1385.00

All time Low/High

17.15

2799.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-1.67%-1.92%0.300.01%
1 Month-12.93%-13.18%3.643.96%
3 Month-11.12%-11.20%11.0712.14%
6 Month12.86%13.19%12.9315.22%
1 Year23.06%22.77%23.5927.63%
3 Year74.99%75.40%49.2452.78%

Company Info

Company Information

Chairman & Managing Director : L Ganesh

Vice Chairman & Joint MD : Harish Lakshman

Company Sec. & Compli. Officer : C Siva

Non-Exec. & Independent Dir. : V Sumantran

Non-Exec. & Independent Dir. : Rajeev Gupta

Non-Exec. & Independent Dir. : Pradip Kumar Bishnoi

Chairman Emeritus : L Lakshman

Independent Director : Brinda Jagirdar

Registered Office: Maithri, 132 Cathedral Road,Chennai,Tamil Nadu-600086 Ph: 91-044-28112472

Email:investorservices@rane.co.in

URL:http://www.ranegroup.com