The effect of quenched disorder on the underdamped motion of a periodically
driven particle on a ratchet potential is studied. As a consequence of dis
order, current reversal and chaotic diffusion may take place on regular tra
jectories. On the other hand, on some chaotic trajectories disorder induces
regular motion. A localization effect similar to the Golosov phenomenon se
ts in whenever a disorder threshold that depends on the mass of the particl
e is reached. Possible applications of the localization phenomenon are disc
ussed.