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Rane Engine Valve Share Price

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NSEBSE

352.905.30 (1.52%)

10:44 AM,19th Apr 2024

358.7010.75 (3.09%)

10:56 AM,19th Apr 2024

BSE : 532988

NSE : RANEENGINE

Sector : Auto

ISIN Code : INE222J01013

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Last Updated: Apr 19 2024 | 10:56 AM IST

Market Cap (₹ Cr)

255

Turnover (₹ Cr)

0.03

Volume (Shares)

7172

Face Value

10

52-WK High

505.95

52-WK High Date

19 Jan 2024

52-WK Low

209.00

52-WK Low Date

24 Apr 2023

All Time High

809.40

All Time High Date

15 Sep 2016

All Time Low

40.00

All Time Low Date

16 Mar 2009

Rane Engine Valve Ltd

Rane Engine Valve Limited (REVL) is a manufacturer of engine valves guides and tappets for Passenger Cars (PC) Commercial Vehicles (CV) Farm Tractors Stationary Engines Railway / Marine Engines and Two / Three- wheelers. The Company operates in a single reportable business segment viz. components for the internal combustion engine industry applicable for stationary and transportation engine applications. REVL is market leader in Indian OEM and replacement markets. It is having their manufacturing facilities located at Alandur Ponneri and Pudukottai in Tamil Nadu and Medchal and Aziz Nagar in Andhra Pradesh.Rane Engine Valve Ltd was incorporated on March 9 1972 with the name Techcons Ltd. The company was incorporated with the main object to carry on the business of consultancy services within the Rane Group. In March 31 2006 the company transferred their entire undertaking on a going concern basis to Rane Holdings Ltd with effect from April 1 2006. In September 2007 the company amended their Objects and Capital clauses in their Memorandum of Association to facilitate carrying on of manufacturing of inlet and exhaust valves valve guides and valve tappets for I.C. engines. In December 2007 as per the scheme of de-merger merger and amalgamation the he company took over the manufacturing undertaking of erstwhile Rane Engine Valves Ltd (de-merged company) with effect from April 1 2007. In terms of the scheme the name of the company was changed from Techcons Ltd to Rane Engine Valve Ltd with effect from February 6 2008.During the year 2008-09 the company set up two production lines with a capacity of 2.5 million valves per annum on two shifts basis at their new plant near Trichy in the state of Tamilnadu and commenced commercial production. During the year 2009-10 the company commissioned one more one more production line at the Trichy plant with an additional capacity of another 1.25 million valves per year. Thus the company increased the production capacity of Valves by 5962000 Nos to 48409000 Nos Guides by 2088000 Nos to 12900000 Nos and Tappets by 170000 Nos to 1940000 Nos.The Company in 2012-13 developed valves suitable for flex fuel application which is predominantly used in some of the Latin American countries. Further in tappets it developed prototypes for forged tappets more specifically using thin walled section which is finding favour with the global trend of light weighting requirements. It expanded capacity of Trichy Plant by 10% with the commissioning of one new line during March 2013. Two pronged approach was followed to manage the power cost impact - Focus on consumption reduction with a target of 10% reduction was achieved and secondly focus on power mix like Electricity Board Diesel Generator Windmill and Private Power to reduce overall costs.In 2014-15 the Scheme of Amalgamation of Kar Mobiles Limited (KML) with the Company was implemented by which the business undertakings of KML got transferred and vested with the Company effective April 1 2014. In consideration of the Scheme the Board of Directors on May 04 2015 allotted 1568000 equity shares of Rs. 10/- each fully paid up in the ratio of 7:10 i.e. 7 fully paid up shares of equity shares of the Company for every 10 equity shares of KML.

Rane Engine Valve Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

255

EPS - TTM (₹) [S]

19.17

P/E Ratio (X) [S]

2.27

Face Value (₹) 10
Latest Dividend (%)25.00
Latest Dividend Date 11 Aug 2017
Dividend Yield (%) -
Book Value Share (₹) [S]155.53
P/B Ratio (₹) [S]2.27
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

344.00

360.95

Week Low/High

318.00

360.95

Month Low/High

303.35

360.95

Year Low/High

209.00

506.00

All time Low/High

42.00

809.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week6.25%6.02%-2.89-2.91%
1 Month%5.52%0.120.21%
3 Month-23.00%-22.97%0.581.11%
6 Month18.56%17.11%9.8611.41%
1 Year66.42%65.64%21.0424.09%
3 Year36.25%37.77%50.3752.26%

Company Info

Company Information

Chairman (Non-Executive) : L Ganesh.

Vice Chairman : Harish Lakshman

Non-Exec. & Independent Dir. : Brinda Jagirdar

Company Sec. & Compli. Officer : Vivekanandaa M

Independent Director : N Ramesh Rajan

Independent Director : Pradip Kumar Bishnoi

Independent Director : Vasudha Sundararaman

Non Executive Director : Vikram Hosangady

Registered Office: Maithri, 132 Cathedral Road,Chennai,Tamil Nadu-600086 Ph: 91-44-28112472

Email:investorservices@ranegroup.com

URL:http://www.ranegroup.com