Rane (Madras) Adjusts Valuation Grade Amidst Mixed Performance in Auto Components Sector

Rane (Madras), a small-cap player in the auto components and equipment industry, has recently undergone a valuation adjustment. The company's current price stands at 889.30, slightly up from the previous close of 885.00. Over the past year, Rane (Madras) has experienced a stock return of -36.21%, contrasting with a modest 0.31% return from the Sensex.
Key financial metrics reveal a PE ratio of 81.43 and an EV to EBITDA ratio of 12.67, indicating a premium valuation compared to some peers. For instance, Endurance Tech, which shares a similar valuation category, has a significantly lower PE ratio of 46.87 and an EV to EBITDA of 24.03. In contrast, ZF Commercial is positioned at a higher valuation level with a PE ratio of 57.12 and an EV to EBITDA of 42.01.

Rane (Madras) also reported a dividend yield of 0.90% and a return on capital employed (ROCE) of 8.53%. While the company has shown strong performance over a three-year period with a return of 135.48%, its one-month performance has been slightly negative at -0.29%. This evaluation revision reflects the company's current standing amidst its peers in the auto components sector.