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Rane (Madras) Limited ( (IN:RML) ) has issued an update.
Rane (Madras) Limited has announced that CRISIL has reaffirmed its credit ratings on the company’s enhanced bank loan facilities, which have increased to Rs 1,085 crore from Rs 910.51 crore. The long-term bank facilities remain rated at ‘CRISIL A+/Stable’, while the short-term facilities continue at ‘CRISIL A1’, indicating that the rating agency sees no deterioration in the company’s credit profile despite the higher sanctioned debt limits. The reaffirmation supports the company’s financial standing with lenders, helps maintain access to bank funding on competitive terms, and signals stability in its creditworthiness to investors and other stakeholders.
More about Rane (Madras) Limited
Rane (Madras) Limited is an India-based automotive components manufacturer, part of the Rane Group, supplying steering and suspension systems and related products primarily to vehicle manufacturers and the aftermarket. The company operates in the auto ancillaries sector, serving domestic and export markets through bank-funded facilities that support its ongoing operational and growth requirements.
Average Trading Volume: 553
Technical Sentiment Signal: Hold
Current Market Cap: 21.91B INR
For an in-depth examination of RML stock, go to TipRanks’ Overview page.