Categories

10000 to 4crs in 18 months 1000rs to 50crs 300% returns 75% promoter holdings A 50 bagger A sureshot 5 bagger Analysis Another fraud? Auto ancillaries Bank sector Blind sell Brand plays Broking Bse Nse Buy calls cements Ceramics/tiles Counters I don't like Debt free businesses Delisting candidates demerger bets Disclosure- I own them Domestic consumption plays E-Commerce pick Education Exit at rallies Famous analysts Famous stocks FMCG Footwear future multibaggers Gems andJewellery Hidden gems High conviction ideas High dividend plays High potential small caps High ROE stocks Holding companies Hotel sector How they looted you.. Indian stock market Infrastructure sector Interesting Microcaps IT KPO Landbank plays largecap ideas Less than 5 PE stocks Liquor Logistics Market lessons Market outlook for 2013 and 2014 Market underperformers Meeting with the CEO Metals Monopoly businesses My 5 baggers My Favourite counters My paid stock recommendations My stock picking techniques nse bse tips Oil exploration Operator calls Paints Penny stock outlook penny stock updates Pharma sector Poultry stocks PSU Publicity freaks Real estate Renewable energy plays Safe bets Sell recommendations Share market Live shipping stocks short term call SOTP plays stock tips stock under 10rs Stocks to watch out for Strong bonus candidates Takeover candidates TATA product tea Textiles The 13 bagger The 45 bagger Trading companies Transformers Turnaround bets Tyres Uncertain/Risky business models Unique businesses

Search This Blog(Over 800 companies covered in the blog).

Please note

Note: The artciles are not research reports but assimilation of information available on public domain and it should not be treated as a research report.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I might have the dkiscussed companies in my portfolio and hence my point of view can be biased.Readers should consult registered consultants before making any investments.

Archives : Old artciles

Sunday, October 4, 2009

Rane Madras Ltd:Future growth prospects and outlook

Scripscan:Rane Madras Ltd
cmp:50
Code:532661

Story:Rane Madras (RML), the flagship company of the Rane Group, is a leading manufacturer of automotive components ike steering linkages, ball joints, axial joints, suspension joints and manual steering gears. RML, established in 1960, operates in two business segments - steering & suspension linkage products and manual steering gear products. The Company has high standards of manufacturing, which gives it an edge over its competitors. It has three manufacturing plants, one each in Chennai, Mysore and Pondicherry.The plants are certified for QS 9000 and TS 16949 standards. It has a technical collaboration with TRW Inc, USA for linkage products.RML enjoys more than 50% market share in the domestic manual steering and linkage products. Sustained spending on infrastructure and continued thrust on agriculture are the beneficial factors that would aid LCVs, PVs and tractors, which in turn would result in volume growth for RML. The Company is the supplier ofsteering components to Tata ACE. RML’s key customers in the domestic market include Tata Motors, Ashok Leyland and M&M. RML also exports manual steering gears to Iran for the Kia-Pride platform. RML’s exports to TRW, its technology partner.RML is a leading player in the manual steering and linkage products, in the domestic market, with more than 50% market share. With the strong growth momentum in its key customer segments, the Company stands to benefit.We believe exports to be the driving force for the Company, going forward. At the current market price of Rs 50, the stock is available at single digit valuations its 1 year forward earnings.The Company offers an attractive dividend yield too. Also, we may see the Return on Capital Employed and Return on Networth improving further. Going forward, the Company is likely to see steady growth rates and improving profitability on the back of strong growth witnessed in the auto sector and also on renewed thrust on exports.A decent buy at dips.

Enter your email address:

Delivered by FeedBurner

Posted by Arun Mukherjee at 1:31 AM

Important Disclaimer&Privacy policy

This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
 
x

Subscription to Arunthestocksguru

Enter your email address:

Delivered by FeedBurner