Rane Engine Valves (Delisted) share price
BSE: 532490
Rane Engine Valves Ltd. · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Mar 2003
Last traded ₹261.35 on 14 Feb 2008
Delisted.
Last announcements
The company's own last announcements before its shares stopped trading, routine notices left out.
Feb 2008
11 Feb · Suspension of trading in equity shares
Members of the Exchange are hereby informed that the trading in equity shares of Rane Engine Valves Limited shall be suspended w.e.f. February 15, 2008 (i.e. closing hours of trading on February 14, 2008) on account of Scheme of Arrangement of between Rane Engine Valves Limited, Rane Brake Linings Limited and Rane Holdings Limited.9 Feb · Corporate action
At the final hearing held on December 20, 2007, the Hon'ble High Court of Madras have sanctioned the composite Scheme of Demerger, Merger and Amalgamation between Rane Engine Valves Limited (REVL), Rane Brake Linings Limited (RBL), Techcons Limited (Techcons), Rane Brake Products Limited (RBPL) and Rane Holdings Limited (RHL) ("Scheme"). In terms of Scheme, each member of the transferor companies viz., REVL & RBL whose name is recorded in the register of members as on the record date would be allotted shares in the following manner: i) 1 equity share of Rs.10/- each fully paid up in Techcons for every 1 equity share held in REVL; ii) 1 equity share of Rs.10/- each fully paid up in RBPL for every 1 equity share held in RBL; iii) 56 shares of RHL for every 100 shares of REVL; iv) 75 shares of RHL for every 100 shares of RBL. For this purpose February 22, 2008 has been fixed as the Record Date for determining the shareholders of Rane Engine Valves Limited who are eligible to receive shares as detailed above. Further, a copy of the detailed note on the Scheme shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Jan 2008
14 Jan · Board meeting
Meeting on 24 Jan 2008: “Unaudited Financial Results for the qtr ended Dec 31, 2007”
Nov 2007
26 Nov · Miscellaneous
Rane Engine Valves Limited had submitted to the Exchange a copy of the Notice of a meeting of the equity shareholders of the company to be held on November 28, 2007 for the purpose of considering, and if thought fit, approving, with or without modification, the Scheme of Demerger, Merger and Amalgamation proposed to be made between Rane Brake Linings Limited, Techcons Limited, Rane Brake Products Limited, Rane Holdings Limited and the Applicant Company (Rane Engine Valves Ltd) and their respective shareholders. The Company has now informed the Exchange that in page no.17 of the Notice containing the "Explanatory Statement", under the head the "transferee company - Rane Holdings Limited", the balance sheet of Rane Engine Valves Limited has been wrongly printed instead of the balance sheet of Rane Holdings Limited. Further, the Company has submitted to the Exchange a corrected copy of the Notice of the Meeting. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.15 Nov · Notice of Meeting
By an order made on October 26, 2007 the Court has decided that a meeting of the equity shareholders of the company be held on November 28, 2007 for the purpose of considering, and if thought fit, approving, with or without modification, the Scheme of Demerger, Merger and Amalgamation proposed to be made between Rane Brake Linings Limited, Techcons Limited, Rane Brake Products Limited, Rane Holdings Limited and the Applicant Company (Rane Engine Valves Ltd) and their respective shareholders. A copy of the Notice of Meeting shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Oct 2007
15 Oct · Board meeting
Meeting on 24 Oct 2007: “Unaudited Financial Results for the Qtr ended Sept 30, 2007”
Results for the quarter to Dec 2007
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period. Revenue from operations in the glossary
- ₹50 Cr+5.8% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Operating profitOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. Operating profit before depreciation (EBITDA) in the glossary
- ₹4.10 Cr+46.0% on the quarter before
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax. Net profit in the glossary
- ₹1.61 Cr−60.7% on the quarter before
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. Operating margin in the glossary
- 8.2%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 3.2%
From revenue to net profit, ₹ crore
- Revenue50
- Operating expenses−46
- Operating profit4.1
- Depreciation−2.6
- Other income+0.3
- One-off items+1.9
- Finance costs−1.2
- Profit before tax2.5
- Tax−0.9
- Net profit1.6
Rane Engine Valves results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2007. Results for the quarter to Mar 2008 were due by 30 May 2008, 60 days after it ends. Every company's dates are on the results calendar.
Revenue and net profit by quarter, ₹ crore
- Revenue
- Net profit
Peak revenue ₹50 Cr, quarter to Dec 2007; lowest ₹47 Cr, quarter to Sep 2007
Operating and net margin by quarter, per cent
- Operating margin
- Net margin
| ₹ crore | Sep 2007 | Dec 2007 |
|---|---|---|
| Revenue from operations | 47.4 | 50.1 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. Operating expenses in the glossary | 44.5 | 46.0 |
| Materials and goods boughtCost of materials and goods. Raw materials used and goods bought for resale in the period, adjusted for the change in stock held. Cost of materials and goods in the glossary | 16.4 | 16.3 |
| Operating profit before depreciation | 2.8 | 4.1 |
| Operating margin | 5.9% | 8.2% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. Depreciation and amortisation in the glossary | 2.6 | 2.6 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. Other income in the glossary | 0.1 | 0.3 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. Finance costs in the glossary | 1.0 | 1.2 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. Exceptional items in the glossary | 5.3 | 1.9 |
| Profit before tax | 4.6 | 2.5 |
| Tax | 0.5 | 0.9 |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. Effective tax rate in the glossary | 10.9% | 35.3% |
| Net profit | 4.1 | 1.6 |
| Net margin | 8.6% | 3.2% |
Earnings per share in rupees, restated for later splits and bonuses.
Recent sessions
The 10 trading days to 14 Feb 2008, as traded on BSE.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 14 Feb 2008 | 255.10 | 266.95 | 255.10 | 261.35 | 259.46 | 3,783 |
| 13 Feb 2008 | 254.50 | 260.00 | 254.50 | 257.00 | – | 56 |
| 12 Feb 2008 | 250.00 | 259.90 | 250.00 | 259.90 | 254.51 | 299 |
| 11 Feb 2008 | 252.00 | 275.00 | 252.00 | 266.00 | 270.95 | 787 |
| 8 Feb 2008 | 285.00 | 285.00 | 260.00 | 260.00 | – | 2 |
| 7 Feb 2008 | 288.95 | 289.00 | 271.75 | 271.75 | 272.01 | 32,831 |
| 5 Feb 2008 | 302.00 | 302.00 | 271.00 | 287.85 | 290.73 | 585 |
| 4 Feb 2008 | 299.00 | 300.00 | 262.10 | 287.20 | 282.76 | 1,904 |
| 1 Feb 2008 | 240.10 | 250.00 | 240.00 | 250.00 | 248.39 | 290 |
| 31 Jan 2008 | 245.00 | 251.85 | 240.00 | 245.50 | 245.50 | 5,917 |
Prices in ₹ per share as traded, not adjusted.
Company details
- BSE code
- 532490
- ISIN
- INE385A01017
- Registered office
- Maithri, 132, Cathedral Road, Chennai 600086, Tamil Nadu