December 08, 2016 1:00 AM ET

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Company Overview of Rane NSK Steering Systems Ltd.

Company Overview

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

Vallancherry

Guduvancherry

Chennai,  603 202

India

Founded in 1995

Phone:

91 41 1426 6002

Fax:

91 41 1426 5313

Key Executives for Rane NSK Steering Systems Ltd.

President
Age: 64
Compensation as of Fiscal Year 2016.

Rane NSK Steering Systems Ltd. Key Developments

Rane NSK Steering Systems Ltd. Reports Earnings Results for Half Year Ended September 30, 2015; Provides Sales Guidance for the Second Half Fiscal Year 2015

Rane NSK Steering Systems Ltd. reported earnings results for half year ended September 30, 2015. For the period, the company reported net sales of INR 3,608 million against INR 3,244 million a year ago. Op. EBITDA was INR 422 million against INR 392 million a year ago. PBT before exceptional items was INR 253 million against INR 256 million a year ago. PBT was INR 246 million against INR 246 million a year ago. PAT was INR 158 million against INR 162 million a year ago. EPS (annualised) was INR 17.7 compared to INR 18.1 a year ago. Total Debt was INR 1,057 million against INR 621 million a year ago. The sales during second half fiscal year 2015 is expected to be significantly higher compared to previous year mainly through Ramp-up of volumes from newly launched models S Cross, Baleno & Jazz.

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

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.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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