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Rane Engine Valve Ltd
Previous close
₹306.00
Day range
₹309.90 - ₹316.90
Year range
₹298.40 - ₹666.00
Market cap
2.26B INR
Avg Volume
5.72K
P/E ratio
13.88
Dividend yield
1.60%
Primary exchange
NSE
Market news
Financials
Income Statement
Revenue
Net income
(INR) | Sep 2024info | Y/Y change |
---|---|---|
Revenue | 1.47B | 3.42% |
Operating expense | 788.90M | 3.71% |
Net income | 57.30M | 287.16% |
Net profit margin | 3.89 | 274.04% |
Earnings per share | — | — |
EBITDA | 166.10M | 106.98% |
Effective tax rate | 35.18% | — |
Balance Sheet
Total assets
Total liabilities
(INR) | Sep 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 129.10M | 89.85% |
Total assets | 3.85B | 9.28% |
Total liabilities | 2.61B | 8.69% |
Total equity | 1.24B | — |
Shares outstanding | 7.23M | — |
Price to book | 1.78 | — |
Return on assets | — | — |
Return on capital | 11.55% | — |
Cash Flow
Net change in cash
(INR) | Sep 2024info | Y/Y change |
---|---|---|
Net income | 57.30M | 287.16% |
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
832