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Zf Rane Automotive India
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ZF RANE AUTOMOTIVE INDIA PRIVATE LIMITED

Active

Updated: 23 Oct 2024

The company is manufacturing power steering and seat belt systems.

Zf Rane Automotive India Private Limited, is an unlisted private company incorporated on 03 July, 1987. It is classified as a private limited company and is located in Chennai, Tamil Nadu. It's authorized share capital is INR 9.00 cr and the total paid-up capital is INR 8.74 cr.

Industry

Manufacture of motor vehicles, trailers and others

Products

valve train components, die casting products, and steering gear valves., friction material products, suspension systems

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales

12.41%

₹ 2,079.9

EBITDA

10.86%

₹ 211.5

Net Profit

19.3%

₹ 121.5

Networth

10.6%

₹ 549.4

Borrowings

68.95%

₹ 439.6

Assets

19.01%

₹ 1,356.9

Gross Margin

-0.58

30.9 %

Operating Margin

-0.14

10.2 %

Net Profit Margin

0.3

5.8 %

Return on Equity

1.61

22.1 %

ROCE

7.56

34.7 %

Debt to Equity

0.28

0.8

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (12)

State	Type	Address

Locations on Map

Tofler Score

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Risk

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No risks identified

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LOW CASH BALANCE

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	1,132.0	1,034.8	1,340.3	1,850.4	2,079.9
Operating profit	89.1	83.0	116.4	190.8	211.5
Net profit	33.2	24.9	49.4	101.9	121.5
Gross margin	35.7	36.1	35.3	31.5	30.9
Operating margin	7.9	8.0	8.7	10.3	10.2
Net margin	2.9	2.4	3.7	5.5	5.8
Networth	374.9	392.6	430.0	496.8	549.4
Borrowings	124.8	195.9	164.9	260.2	439.6
Assets	787.8	924.8	936.0	1,140.2	1,356.9
Debt to equity	0.3	0.5	0.4	0.5	0.8
Current ratio	1.1	1.1	1.2	1.2	1.1
ROE	8.8	6.3	11.5	20.5	22.1
Days payable	93.0	109.0	110.0	93.0	75.0
WC days	17.0	25.0	25.0	24.0	8.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	8.7	8.7	8.7	8.7	8.7
Reserves	366.1	383.9	421.2	488.0	540.7
Borrowings +	124.8	195.9	164.9	260.2	439.6
Long term borrowings	29.1	41.5	30.0	60.7	93.7
Short term borrowings	95.6	154.4	134.9	199.5	345.8
Trade payables +	186.3	197.3	261.7	321.9	296.5
Days payable	93.0	109.0	110.0	93.0	75.0
Other liabilities +	288.2	336.3	341.2	383.2	368.0
Other non-current liabilities	7.9	5.7	10.2	12.6	23.3
Other current liabilities	93.9	133.2	69.3	48.7	48.1
Total liabilities	787.8	924.8	936.0	1,140.2	1,356.9
Fixed Assets +	337.2	349.7	345.1	389.9	405.0
Tangible assets	319.8	342.1	335.1	382.9	390.0
CWIP	16.7	7.2	9.5	6.5	14.1
Intangible assets	0.8	0.4	0.5	0.4	1.0
LT loans and advances	0.3	0.3	0.4	0.4	0.4
Other non-current assets	22.9	20.3	33.0	59.7	218.1
Current assets +	427.3	554.5	557.4	690.2	733.5
Inventories	181.0	211.8	215.9	244.0	246.3
Trade receivables	200.4	265.4	275.6	372.2	382.1
Cash and cash equivalents	7.0	28.5	18.3	21.8	23.8
ST loans and advances	0.5	0.5	0.6	7.1	33.6
Other current assets	38.4	48.4	47.0	45.0	47.6
Total assets	787.8	924.8	936.0	1,140.2	1,356.9

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.11	0.95	0.93	0.77	0.64
Reserves	46.47	41.51	45.0	42.8	39.84
Borrowings +	15.84	21.18	17.61	22.82	32.39
Long term borrowings	3.7	4.49	3.2	5.33	6.91
Short term borrowings	12.14	16.7	14.41	17.49	25.49
Trade payables	23.65	21.34	27.96	28.24	21.85
Other liabilities +	36.58	36.36	36.45	33.61	27.12
Other non-current liabilities	1.01	0.62	1.08	1.11	1.72
Other current liabilities	11.92	14.41	7.41	4.27	3.54
Total liabilities
Fixed Assets +	42.81	37.81	36.87	34.19	29.85
Tangible assets	40.59	36.99	35.8	33.59	28.74
CWIP	2.12	0.78	1.01	0.57	1.04
Intangible assets	0.1	0.04	0.06	0.04	0.07
LT loans and advances	0.04	0.03	0.04	0.04	0.03
Other non-current assets	2.91	2.2	3.53	5.23	16.07
Current assets +	54.24	59.96	59.55	60.54	54.05
Inventories	22.97	22.9	23.07	21.4	18.15
Trade receivables	25.43	28.69	29.44	32.65	28.16
Cash and cash equivalents	0.89	3.08	1.95	1.91	1.75
ST loans and advances	0.07	0.05	0.07	0.62	2.48
Other current assets	4.88	5.23	5.02	3.95	3.51
Total assets

	Mar 2023	Mar 2024
Equity Capital	8.7	8.7
Reserves	483.4	521.4
Borrowings +	320.7	609.2
Long term borrowings	121.3	246.3
Short term borrowings	199.5	362.9
Trade payables +	319.6	347.5
Days payable	92.0	86.0
Other liabilities +	422.6	450.2
Other non-current liabilities	29.0	42.6
Other current liabilities	74.0	60.2
Total liabilities	1,235.4	1,589.5
Fixed Assets +	506.3	671.5
Tangible assets	400.8	561.8
CWIP	105.0	58.5
Intangible assets	0.5	51.2
LT loans and advances	0.4	0.4
Other non-current assets	32.4	57.5
Current assets +	696.3	860.1
Inventories	245.3	282.0
Trade receivables	366.8	405.2
Cash and cash equivalents	27.0	38.0
ST loans and advances	0.6	0.6
Other current assets	56.6	134.2
Total assets	1,235.4	1,589.5

Percentage of assets	Mar 2023	Mar 2024
Equity Capital	0.71	0.55
Reserves	39.12	32.8
Borrowings +	25.96	38.33
Long term borrowings	9.82	15.49
Short term borrowings	16.15	22.83
Trade payables	25.87	21.86
Other liabilities +	34.21	28.33
Other non-current liabilities	2.35	2.68
Other current liabilities	5.99	3.79
Total liabilities
Fixed Assets +	40.98	42.25
Tangible assets	32.44	35.34
CWIP	8.5	3.68
Intangible assets	0.04	3.22
LT loans and advances	0.03	0.03
Other non-current assets	2.63	3.62
Current assets +	56.36	54.11
Inventories	19.86	17.74
Trade receivables	29.69	25.49
Cash and cash equivalents	2.18	2.39
ST loans and advances	0.05	0.04
Other current assets	4.58	8.45
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	1,132.0	1,034.8	1,340.3	1,850.4	2,079.9
Sales growth %	-18.41	-8.59	29.53	38.06	12.41
Expenses +	1,093.8	1,005.6	1,281.6	1,721.5	1,943.4
Cost of goods	728.0	661.1	867.7	1,267.2	1,436.4
Employee cost	121.0	112.5	143.3	178.1	200.0
Other costs	194.0	178.2	212.9	214.4	232.0
Operating profit +	89.1	83.0	116.4	190.8	211.5
Operating margin %	7.9	8.0	8.7	10.3	10.2
Other income	5.0	4.1	4.6	8.3	22.4
Interest	9.5	7.0	6.8	9.6	19.0
Depreciation	41.4	46.8	50.8	52.3	55.9
Exceptional items	-	-	-	-	-
Profit before tax	43.2	33.3	63.4	137.1	158.9
Tax	10.1	8.3	14.0	35.2	37.4
Profit - disc. ops	-	-	-	-	-
Net profit	33.2	24.9	49.4	101.9	121.5
Net margin %	2.9	2.4	3.7	5.5	5.8

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.56	99.61	99.66	99.56	98.93
Expenses +	96.2	96.79	95.29	92.62	92.44
Cost of goods	64.02	63.63	64.52	68.18	68.32
Employee cost	10.64	10.83	10.66	9.58	9.52
Other costs	17.06	17.15	15.83	11.53	11.04
Operating profit	7.84	7.99	8.65	10.26	10.06
Other income	0.44	0.39	0.34	0.44	1.07
Interest	0.84	0.67	0.51	0.52	0.9
Depreciation	3.64	4.51	3.78	2.81	2.66
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	3.8	3.21	4.71	7.38	7.56
Tax	0.88	0.8	1.04	1.89	1.78
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	2.92	2.4	3.67	5.48	5.78

	Mar 2023	Mar 2024
Sales +	1,850.4	2,134.9
Sales growth %	None	15.38
Expenses +	1,725.5	2,011.8
Cost of goods	1,267.1	1,468.1
Employee cost	178.6	210.1
Other costs	216.4	241.9
Operating profit +	188.2	214.8
Operating margin %	10.2	10.1
Other income	6.8	18.4
Interest	10.5	27.4
Depreciation	52.9	64.3
Exceptional items	-	-
Profit before tax	131.6	141.6
Tax	34.4	34.8
Profit - disc. ops	-	-
Net profit	97.2	106.8
Net margin %	5.2	5.0

Precentage of total income	Mar 2023	Mar 2024
Sales	99.64	99.14
Expenses +	92.91	93.42
Cost of goods	68.23	68.18
Employee cost	9.62	9.76
Other costs	11.65	11.23
Operating profit	10.14	9.98
Other income	0.36	0.86
Interest	0.56	1.27
Depreciation	2.85	2.99
Exceptional items	0.0	0.0
Profit before tax	7.09	6.58
Tax	1.85	1.61
Profit - disc. ops	0.0	0.0
Net profit	5.24	4.96

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.3	0.5	0.4	0.5	0.8
Net Debt/Equity	0.3	0.4	0.3	0.5	0.8
Total Debt/Assets	0.2	0.2	0.2	0.2	0.3
Total Assets/Equity	2.1	2.4	2.2	2.3	2.5
Liquidity +
Current Ratio	1.1	1.1	1.2	1.2	1.1
Quick Ratio	0.7	0.7	0.7	0.8	0.7
Interest Coverage	9.3	11.9	17.1	19.8	11.1
Performance
Gross Margin	35.7	36.1	35.3	31.5	30.9
Operating Margin	7.9	8.0	8.7	10.3	10.2
Net Margin	2.9	2.4	3.7	5.5	5.8
Return +
Return on Equity	8.8	6.3	11.5	20.5	22.1
Pre-tax ROCE	12.3	8.6	15.0	27.1	34.7
Return on Assets	4.2	2.7	5.3	8.9	9.0
Pre-tax ROIC	9.7	6.5	11.4	18.8	16.1
Efficiency +
Days Payable	93.0	109.0	110.0	93.0	75.0
Days Inventory	91.0	117.0	91.0	70.0	63.0
Days Receivable	65.0	94.0	75.0	73.0	67.0
Fixed Asset Turnover	3.4	3.0	3.9	4.8	5.1
Total Asset Turnover	1.4	1.1	1.4	1.6	1.5
Working Capital
Cash Conversion Cycle	63.0	102.0	56.0	50.0	55.0
Working Capital Days	17.0	25.0	25.0	24.0	8.0

	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.7	1.1
Net Debt/Equity	0.6	1.1
Total Debt/Assets	0.3	0.4
Total Assets/Equity	2.5	3.0
Liquidity +
Current Ratio	1.2	1.1
Quick Ratio	0.8	0.8
Interest Coverage	17.9	7.8
Performance
Gross Margin	31.5	31.2
Operating Margin	10.2	10.1
Net Margin	5.2	5.0
Return +
Return on Equity	19.8	20.2
Pre-tax ROCE	22.2	19.8
Return on Assets	7.9	6.7
Pre-tax ROIC	17.2	13.7
Efficiency +
Days Payable	92.0	86.0
Days Inventory	71.0	70.0
Days Receivable	72.0	69.0
Fixed Asset Turnover	3.6	3.2
Total Asset Turnover	1.5	1.3
Working Capital
Cash Conversion Cycle	51.0	53.0
Working Capital Days	20.0	15.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

HDFC Bank Limited

No. of Loans: 5

Total Amount : 308.2 cr

CitiBank N.A.

No. of Loans: 2

Total Amount : 135.5 cr

ICICI Bank Limited

No. of Loans: 1

Total Amount : 30.0 cr

FORD INDIA LTD.

No. of Loans: 1

Total Amount : 0.3 cr

Charge Holder	Amount	Date of creation/modification
CitiBank N.A.	85.5 cr	20 Mar, 2024
HDFC Bank Limited	25.0 cr	18 Mar, 2024
CitiBank N.A.	50.0 cr	11 Mar, 2024
HDFC Bank Limited	25.0 cr	24 Oct, 2023
ICICI Bank Limited	30.0 cr	05 May, 2023
HDFC Bank Limited	160.0 cr	20 Aug, 2022
HDFC Bank Limited	58.2 cr	17 May, 2022
HDFC Bank Limited	40.0 cr	22 Sep, 2020
FORD INDIA LTD.	0.3 cr	01 Oct, 1999

Charges

HDFC Bank Limited

CitiBank N.A.

ICICI Bank Limited

FORD INDIA LTD.

People

Designation	Name	DIN/PAN	Tenure
Nominee Director	Ganesh Lakshminarayan	00012583	38 years
Managing Director	Harish Lakshman	00012602	19 years
Nominee Director	Periakaruppa Nadar Kaniappan	02696192	3 years
CFO	Senthilnathan	<HIDDEN>	5 years
Director	Ulf Hinrich Loleit	10530995	1 years
Director	Michael Ebenhoch	10557618	1 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
CHENNAI WILLINGDON CORPORATE FOUNDATION	Active	19,250.0	1	Tamil Nadu
KAR MOBILES LIMITED	Amalgamated	2.2 Cr	1	Tamil Nadu
RANE BRAKE LININGS LIMITED	Amalgamated	7.2 Cr	1	Tamil Nadu
CHENNAI HERITAGE	Active	10,500.0	1	Tamil Nadu
RANE ENGINE VALVES LIMITED	Amalgamated	5.2 Cr	1	Tamil Nadu
RANE INVESTMENTS LIMITED	Amalgamated	84.5 L	2	Tamil Nadu
RANE DIECAST LIMITED	Amalgamated	19.2 Cr	2	Tamil Nadu
RANE STEERING SYSTEMS PRIVATE LIMITED	Active	17.9 Cr	2	Tamil Nadu
RANE HOLDINGS LIMITED	Active	14.3 Cr	2	Tamil Nadu
RANE ENGINE VALVE LIMITED	Active	7.2 Cr	2	Tamil Nadu
SUNDARAM FINANCE LIMITED	Active	111.1 Cr	1	Tamil Nadu
RANE BRAKE LINING LIMITED	Active	7.7 Cr	2	Tamil Nadu
RANE (MADRAS) LIMITED	Active	16.3 Cr	2	Tamil Nadu
THE K C P LIMITED	Active	12.9 Cr	1	Tamil Nadu
YOUNG PRESIDENTS ORGANISATION (CHENNAI CHAPTER)	Active	1.7 Cr	1	Tamil Nadu
ORIENTAL HOTELS LIMITED	Active	17.9 Cr	1	Tamil Nadu
LUMAX INDUSTRIES LIMITED	Active	9.3 Cr	1	Delhi
WABCO FOUNDATION BRAKES PRIVATE LIMITED	Active	2.1 Cr	1	Tamil Nadu
ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LIMITED	Active	9.5 Cr	1	Tamil Nadu
ZF DIGITAL SOLUTIONS INDIA PRIVATE LIMITED	Active	6.7 L	1	Karnataka
ZF CV CONTROL SYSTEMS MANUFACTURING INDIA PRIVATE LIMITED	Active	1.0 Cr	1	Tamil Nadu
TRW SUN STEERING WHEELS PRIVATE LIMITED	Active	2.9 Cr	1	Delhi

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
ZF RANE OCCUPANT SAFETY SYSTEMS PRIVATE LIMITED	Tamil Nadu	2022	₹ 34.0 Cr
TRW SUN STEERING WHEELS PRIVATE LIMITED	Delhi	1994	₹ 2.9 Cr

Registered Details

CIN

U35999TN1987PTC014600

PAN

AAACR3147C

Incorporation

1987, 37.8 years

Company Email

investorservices@ranegroup.com

Paid up Capital

₹ 8.7 Cr

Authorised Capital

₹ 9.0 Cr

AGM

Jun 2024

Type

Private

Non-government Company

FAQ - ZF RANE AUTOMOTIVE INDIA PRIVATE LIMITED

What is the incorporation date of ZF RANE AUTOMOTIVE INDIA PRIVATE LIMITED?

The incorporation date of ZF RANE AUTOMOTIVE INDIA PRIVATE LIMITED is 03 July, 1987

What is the authorized share capital of ZF RANE AUTOMOTIVE INDIA PRIVATE LIMITED?

The authorized share capital of ZF RANE AUTOMOTIVE INDIA PRIVATE LIMITED is INR ₹ 9.0 Cr.

What is the paid-up capital of ZF RANE AUTOMOTIVE INDIA PRIVATE LIMITED?

The paid-up capital of ZF RANE AUTOMOTIVE INDIA PRIVATE LIMITED is INR ₹ 8.7 Cr.

What is the registered address of ZF RANE AUTOMOTIVE INDIA PRIVATE LIMITED?

The registered address of ZF RANE AUTOMOTIVE INDIA PRIVATE LIMITED is MAITHRI 132 CATHEDRAL ROAD CHENNAI Tamil Nadu - 600086

What is the CIN number of ZF RANE AUTOMOTIVE INDIA PRIVATE LIMITED?

The CIN number of ZF RANE AUTOMOTIVE INDIA PRIVATE LIMITED is U35999TN1987PTC014600.

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