Rane Madras Ltd

Add to watch list to get report alerts
BSE Code: 532661       NSE Code: RML

Business Profile
Business Profile
Rane Madras (RANEMADRAS), part of the Rane group, is a manufacturer of steering and suspension systems. As part of restructuring of the group in 2004-2005, the company became a subsidiary of Rane Holdings. The inception of manufacturing facilities took place in 1960.

The company manufactures manual steering gears including re-circulating ball type and rack and pinion; steering linkages including tie rod assemblies, drag link assemblies, center link assemblies, and gear shift ball joints; and suspension linkages including lower control arms, lower and upper suspension ball joints, inner and outer ball joints, and axle ball joints. The production facilities in Mysore cater to the tractor and commercial vehicle segment; the Pondicherry plant to the passenger car segment; one plant in Chennai caters to the light commercial vehicle, heavy commercial vehicle and utility vehicle segment; the other in Varanavasi (Chennai) to the export market. A new manufacturing facility in Pant Nagar (Uttarakhand) supplies gears exclusively to Tata Motors.

The company is IS0/TS 16949:2002, IS0 14001, and OHSAS 18001 certified. It is a Deming prize winner for 2007. The company has strategic technical partnerships with TRW Inc., USA for steering gear products and TRW Ehrenreich GmbH & Co., Germany for steering linkage products. It holds a major market share in India both in steering gear systems and suspension systems. Exports recorded a growth of 18.6% in 2006-2007. The company exports to USA, Mexico, Japan, Thailand, Iran and some European countries. RML also supplies to SAARC countries for the after-market segment.

The registered office of the company is located at Maithri, 132, Cathedral Road, Chennai-600086.

Financials
Rane Madras registered a loss of Rs 4.68 million for the quarter ended September 2007.
It recorded a net sales of Rs 830.37 million for the quarter.
Total income was Rs 835.65 million for the quarter ended September 2007.
The diluted loss per share of the company stood at Rs 0.5 for the quarter ended September 2007.

Recent Developments
04-OCT-07
Rane Madras entered into an agreement for sale of approximately 84,360 sq. ft. of surplus land at its manufacturing unit located on Velacherry Main Road, Chennai for Rs 553.6 million. The deal is expected to close within a period of 30 days. The was available after the company shifted some of the facilities to the new manufacturing unit set up by the company in 2006 at Varanavasi Village on the outskirts of Chennai.

Other Information
Annual Reports for Rane Madras Ltd
Annual Report YearDownload Annual ReportDownload Report Preview
2022-23
2021-22
2020-21
2019-20
2018-19
2017-18
2016-17
2015-16
2014-15
2013-14
2012-13
2011-12
2010-11
2009-10
2008-09
2007-08
2006-07
2005-06
2004-05
2003-04
2002-03
2001-02
2000-01
1999-00
1998-99
1997-98
1996-97

Please Note: Clicking on the download link will add the report to your downloaded reports. You will be able to download it at any time during the subscription period.

Free reports will not be deducted from your subscription.


Request a Report
Close
Select Year   
Description