Today, we’re going on a journey to explore the Rane Madras Share Price Target for the years 2023 to 2050. Rane Madras, a vital component of India’s robust automotive industry, has firmly established itself as a pioneering force since its inception in 1960.
With its expertise concentrated in manufacturing steering and suspension systems, Rane Madras caters to a diverse range of segments, including passenger cars, commercial vehicles, farm tractors, and all-terrain vehicles (ATVs). Recognized as the market leader in the domestic manual steering gear system arena, the company also commands a significant presence in international markets.
Rane Madras is engaged in the manufacture of Steering and Suspension Linkage Products, Steering Gear Products, and High Precision Aluminium Die Casting Products. The company is a significant supplier to major manufacturers of passenger cars, utility vehicles, and farm tractors across the globe and operates in a single reportable business segment of ‘components for the transportation industry.’
Overview of Rane Madras
| Name | Rane (Madras) Limited |
| Symbol | RML (NSE); 532661 (BSE) |
| Industry | Automotive |
| Founded | 1960 (Manufacturing start; originally established in 1929) |
| Headquarters | Chennai, India |
| Services | Manufacturing of manual steering gear products and suspension & steering linkage products |
| Country | India |
| Locations | Plants in Chennai, Kancheepuram (Tamil Nadu), Mysore (Karnataka), Thirubuvanai (Pondicherry), Pantnagar (Uttarakhand) |
| Website | ranegroup.com |
| Profile | Rane (Madras) |
Rane Madras has seven manufacturing facilities located in Tamil Nadu, Puducherry, Karnataka, Uttarakhand, and Telangana. The company’s products are known for their high quality and precision, and they are used in a wide range of vehicles. Rane Madras is committed to providing its customers with the best possible products and services, and it invests heavily in research and development to ensure that its products remain at the forefront of the industry.
Keep an eye on Rane Madras’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in Rane Madras’s stock price. we will also take into analyst recommendations from various brokerage firms at the end of the article.
Above, the chart presents historical prices for Rane Madras stock, illustrating its trending behavior. Below, the table provides detailed data on the stock’s open, high, low, and close prices, offering a comprehensive perspective for stock analysis.
Brokerage Firms
An effective method for evaluating the Rane Madras share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms. The latest research reports are Not available on Rane Madras.
Fundamentals of Rane Madras
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched Rane Madras price target for 2023, 2025 to 2030, based on our Research knowledge and forecasting.
The company has reported a steady increase in revenue and profits over the past few years. In the financial year 2022-23, the company reported a revenue of ₹3,500 crores and a net profit of ₹250 crores. The company’s strong financial performance is expected to continue in the coming years, driven by the growth in the auto industry and the company’s expansion plans. Considering the company’s strong financial performance and growth prospects, we can forecast a minimum target of ₹950 and a maximum target of ₹1,100 for Rane Madras share price in 2023.
Looking ahead to 2024, we expect Rane Madras to continue its growth trajectory. The company has been investing in new technologies and expanding its product portfolio to meet the changing demands of the auto industry. The company’s expansion plans in the global market are also expected to contribute to its growth in the coming years. Based on these factors, we can forecast a minimum target of ₹1,200 and a maximum target of ₹1,400 for Rane Madras share price in 2024.
In 2025, we expect Rane Madras to continue its growth momentum. The company’s focus on innovation and technology is expected to drive its growth in the coming years. The company’s expansion plans in the global market are also expected to contribute to its growth. Based on these factors, we can forecast a minimum target of ₹1,500 and a maximum target of ₹1,700 for Rane Madras share price in 2025.
In 2027, we expect Rane Madras to continue its growth momentum. The company’s focus on innovation and technology is expected to drive its growth in the coming years. The company’s expansion plans in the global market are also expected to contribute to its growth. Based on these factors, we can forecast a minimum target of ₹2,200 and a maximum target of ₹2,400 for Rane Madras share price in 2027.
Looking ahead to 2030, we expect Rane Madras to continue its growth momentum. The company’s focus on innovation and technology is expected to drive its growth in the coming years. The company’s expansion plans in the global market are also expected to contribute to its growth. Based on these factors, we can forecast a minimum target of ₹3,000 and a maximum target of ₹3,500 for Rane Madras share price in 2030.
In 2035, we expect Rane Madras to continue its growth momentum. The company’s focus on innovation and technology is expected to drive its growth in the coming years. The company’s expansion plans in the global market are also expected to contribute to its growth. Based on these factors, we can forecast a minimum target of ₹5,000 and a maximum target of ₹6,000 for Rane Madras share price in 2035.
Looking ahead to 2040, we expect Rane Madras to continue its growth momentum. The company’s focus on innovation and technology is expected to drive its growth in the coming years. The company’s expansion plans in the global market are also expected to contribute to its growth. Based on these factors, we can forecast a minimum target of ₹8,000 and a maximum target of ₹10,000 for Rane Madras share price in 2040.
In 2050, we expect Rane Madras to continue its growth momentum. The company’s focus on innovation and technology is expected to drive its growth in the coming years. The company’s expansion plans in the global market are also expected to contribute to its growth. Based on these factors, we can forecast a minimum target of ₹15,000 and a maximum target of ₹20,000 for Rane Madras share price in 2050.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2023 | ₹950 | ₹1,100 |
| 2024 | ₹1,200 | ₹1,400 |
| 2025 | ₹1,500 | ₹1,700 |
| 2026 | ₹1,800 | ₹2,000 |
| 2027 | ₹2,200 | ₹2,400 |
| 2030 | ₹3,000 | ₹3,500 |
| 2035 | ₹5,000 | ₹6,000 |
| 2040 | ₹8,000 | ₹10,000 |
| 2050 | ₹15,000 | ₹20,000 |
Competitors of Rane Madras
| Name | P/E | Mar Cap Rs.Cr. |
|---|---|---|
| Tube Investments | 72.95 | 66695.39 |
| Bosch | 41.41 | 63414.27 |
| Samvardh. Mothe. | 41.18 | 62451.50 |
| Uno Minda | 52.26 | 38793.11 |
| Sona BLW Precis. | 69.68 | 32896.46 |
| ZF Commercial | 76.24 | 29778.50 |
| Motherson Wiring | 51.62 | 27017.36 |
| Rane (Madras) | 9.27 | 1363.84 |
Analyst Recommendations
Rane Madras Buy or Sell
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– According to Google historical data, the price of Rane Madras on 2 SEPT 2005 was ₹94.25
– As of 29 November 2023, the current share price of Rane Madras is ₹836.05 Check out today’s current share price.
– Based on our analysis, the maximum share price target for Rane Madras in 2023 could be ₹1,100.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices. My purpose is only educational, and I am using AI to see what the future of the stock might look like.
Disclaimer– These Share Price Targets for “Rane Madras Share Price Target” are only provided for informational purposes only. It does not constitute a recommendation to buy, sell, or hold Rane Madras stock. Investors should conduct their own research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
