Rane (Madras) Ltd’s Q3 net profit drops 66% due to decline in tractor segment and export sales.

Rane Madras Q3 standalone net dips 66% to ₹11 cr

Rane (Madras) Ltd. reported 85% drop in standalone net profit to ₹3 cr. due to decline in sales to Indian OEMs and one-time exceptional item. Total revenue grew 6% to ₹532 cr. Export sales up 33%, but Indian aftermarket sales down 17%. Board decided to divest/dispose of US subsidiary due to market c…

Rane Madras Q1 net slides 85% on decline in sales

Rane Madras Ltd. (RML) has decided to divest/dispose of its wholly owned subsidiary Rane Light Metal Casting Inc., USA (LMCA).

Rane Madras to seek shareholders’ nod to divest U.S. subsidiary

Rane Madras Ltd. (RML) has posted a standalone net loss of ₹196 crore for the quarter ended March from the year-earlier period on account of impairment of ₹223 crore.

Rane Madras posts standalone loss of ₹196 cr. in Q4

Rane Madras Consolidated December 2022 Net Sales at Rs 583.24 crore, up 33.22% Y-o-Y

Rane Madras Q3 net rises fourfold on strong revenue growth

Rane Madras Standalone December 2022 Net Sales at Rs 526.37 crore, up 34.59% Y-o-Y

Rane Madras Q2 net surges 87% on strong demand

Income from operations grew 67% to ₹500 crore

Rane Madras Q1 net up by over fivefold on higher volumes

NTPC, Amara Raja Batteries, IDFC Ltd, Indigo Paints, Lakshmi Mills Co Ltd, Mindteck India Ltd, Nuvoco Vistas Corp Ltd, Rane Madras Ltd, SML Isuzu Ltd will be in focus ahead of their Q4 results today.

Stocks to Watch: HPCL, Ashok Leyland, Eros, Godrej Consumer, Gland Pharma

Rane Madras Ltd, a leading manufacturer of steering and suspension products, reported standalone net profit for the third quarter ended December contracted 64% to ₹7.7 crore on account of shortage of

Rane Madras Q3 net slides 64%

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

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Red flags

Rane (Madras) Limited is a manufacturer of steering and suspension linkages products (SSLP), steering gear products (SGP) and other articles of aluminum die casting products for transportation industry.

Rane (Madras) Ltd