July 26, 2014 6:24 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



Chennai,  603 202


Founded in 1995


91 41 1426 6002


91 41 1426 5313

Key Executives for Rane NSK Steering Systems Ltd.

Age: 62
Compensation as of Fiscal Year 2014.

Rane NSK Steering Systems Ltd. Key Developments

Rane NSK Steering Systems Ltd. Announces Earnings Results for the Fiscal Year 2014

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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