Rane (Madras) Ltd.

Financial

	Rane Madras	ZF Steering Gear (I)	ZF Steering Gear (I)
Operational Metrics
Casting
Capacity Utilization - Die-Casting Division	65.0 %	n/a	n/a
Unclassified
R&D as a % of Total Sales	0.86 %	0.39 %	0.39 %
Financials
5 yr Average ROE	-8.02 %	11.3 %	11.3 %
5yr average Equity Multiplier	5.37	1.42	1.42
5yr Average Asset Turnover Ratio	1.5	1.01	1.01
5yr Avg Net Profit Margin	-1.27 %	7.89 %	7.89 %
Price to Book	5.68	2.19	2.19
P/E	481.55	22.97	22.97
5yr Avg Cash Conversion Cycle	12.48 Days	66.39 Days	66.39 Days
Inventory Days	41.45 Days	31.6 Days	31.6 Days
Days Receivable	61.12 Days	74.58 Days	74.58 Days
Days Payable	92.89 Days	48.36 Days	48.36 Days
5yr Average Interest Coverage Ratio	0.59	29.74	29.74
5yr Avg ROCE	4.97 %	16.47 %	16.47 %
5yr Avg Operating Profit Margin	5.56 %	19.6 %	19.6 %
5 yr average Debt to Equity	2.61	0.17	0.17
5yr CAGR Net Profit	n/a	-0.66 %	-0.66 %
5yr Average Return on Assets	-1.5 %	7.91 %	7.91 %
Shareholdings
Promoter Holding	72.65 %	67.17 %	67.17 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	3.2 %	-0.28 %	-0.28 %
Change in Mutual Fund Holding (3 Yrs)	0.47 %	0.0	0.0

Business

	Rane Madras	ZF Steering Gear (I)	ZF Steering Gear (I)
Product Wise Break-Up	Product Wise Break-Up Steering Gear Products 52.45 Suspension 28.42 Light Metal Casting Products 10.77 Hydraulic Products 4.67 Auto Ancillary 3.69 Renewable energy 0 Steering Gear 0 Mechanical Steering 0 Power Steering 0	Product Wise Break-Up Suspension 0 Renewable energy 2.23 Auto Ancillary 0 Steering Gear Products 0 Steering Gear 96.45 Power Steering 0 Mechanical Steering 0 Hydraulic Products 0 Light Metal Casting Products 0 Others 1.32	Product Wise Break-Up Suspension 0 Renewable energy 2.23 Auto Ancillary 0 Steering Gear Products 0 Steering Gear 96.45 Power Steering 0 Mechanical Steering 0 Hydraulic Products 0 Light Metal Casting Products 0 Others 1.32
Location Wise Break-Up	Location Wise Break-Up Domestic 71.0 International 29.0 USA 0 India 0	Location Wise Break-Up USA 0 International 2.97 Domestic 0 India 97.03	Location Wise Break-Up USA 0 International 2.97 Domestic 0 India 97.03
OEM vs Aftermarket	OEM vs Aftermarket OEM 85.0 After market 15.0	-	-
Customer Segment	Customer Segment 4 Wheeler 70.0 CV 21.0 FT 9.0 2W 0 M&HCV 0 LCV 0 SCV 0 MPV 0 MUV 0	-	-
Asset Break-Up	Asset Break-Up India 100.0 USA 0 Rest of the world 0	Asset Break-Up USA 0 Rest of the world 0 India 0 Others 100	Asset Break-Up USA 0 Rest of the world 0 India 0 Others 100