Company Overview of Rane NSK Steering Systems Ltd.
Rane NSK Steering Systems Ltd. manufactures and sells manual and electric-power steering systems. The company was incorporated in 1995 and is based in Chennai, India. Rane NSK Steering Systems Ltd. operates as a subsidiary of NSK Ltd.
14 Rajagopalan Salai
Chennai, 603 202
Founded in 1995
91 41 1426 6002
91 41 1426 5313
Key Executives for Rane NSK Steering Systems Ltd.
Compensation as of Fiscal Year 2015.
Rane NSK Steering Systems Ltd. Key Developments
Rane NSK Steering Systems Private Ltd. Announces Earnings Results for the Full Year of 2015; Announces Earnings Guidance for the Financial Year of 2017 to 2018
Jun 3 15
Rane NSK Steering Systems Private Ltd. announced earnings results for the full year of 2015. For the year, the company reported op. EBITDA (earnings before interest, depreciation, tax and amortisation from operations) of INR 716 million against INR 551 million a year ago. Net sales were INR 6,230 million against INR 5,237 million a year ago. PBT before exceptional items was INR 428 million against INR 278 million a year ago. PBT was INR 445 million against INR 230 million a year ago. PAT was INR 296 million against INR 141 million a year ago. EPS were INR 16.5 against INR 7.9 a year ago. The company spent INR 240 million in capex in 2014-2015 to meet the future market growth.
The company plans capex of INT 2,000 million, achieve CAGR of 25% in sales and ROCE of 30% by 2017 to 2018.
Rane NSK Steering Systems Ltd. Reports Earnings Results for the Half Year Ended September 30, 2014
Nov 19 14
Rane NSK Steering Systems Ltd. reported earnings results for the half year ended September 30, 2014. For the period, the company reported net sales of INR 3,244 million against INR 2,315 million a year ago. Operating EBITDA was INR 392 million against INR 196 million a year ago. PBT was INR 245 million against INR 80 million a year ago. PAT was INR 162 million against INR 49 million a year ago. EPS (annualised) was INR 18.1 against INR 5.5 a year ago.
Rane NSK Steering Systems Ltd. Announces Earnings Results for the Fiscal Year 2014
Jun 11 14
Rane NSK Steering Systems Ltd. announced earnings results for the fiscal year 2014. For the year, net sales were INR 5,240 million against INR 5,726 million a year ago, decline of 8% over the previous year mainly in the manual column business on account of lower than anticipated performance with key passenger vehicle customers and the slowdown in the commercial vehicles segment. Op. EBITDA was INR 555 million against INR 586 million a year ago. PBT was INR 230 million against INR 363 million a year ago. PAT was INR 141 million against INR 249 million a year ago. Adjusted PAT was INR 189 million against INR 249 million a year ago. EPS was INR 7.9 against INR 13.9 a year ago. Book value was INR 41.6 against INR 33.7 a year ago. Capex was INR 470 million mainly towards capacity enhancement.
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