Rane (Madras) Ltd

₹ 906 4.81%

27 Jun - close price

About

Established in 1960, Rane (Madras) Limited (RML) is part of the Rane Group of Companies, a leading auto component group based out of
Chennai. RML has two divisions namely Steering and Linkages Division (SLD) and Light Metal Casting India Division (LMCI). Through its overseas subsidiary Rane Light Metal
Castings Inc. (RLMCA), RML manufactures high pressure light metal casting components from its facility in Kentucky, USA.^[1]

Key Points

Part of Rane Group^[1]
Rane (Madras) is a part of Rane group which is one of the preferred OE manufacturer and supplier for global auto majors. The Group serves a variety of industry segments: PVs, CVs, Farm Tractors, 2-wheelers, 3-wheelers, Railways and Stationary Engines. It manufactures Steering and Suspension systems, Friction materials, Valve train
components, Occupant safety systems and Light metal casting products.
Rane Holdings Ltd. holds 71.77% equity in the company.^[2]

Website BSE NSE

Market Cap ₹ 2,504 Cr.
Current Price ₹ 906
High / Low ₹ 1,529 / 575
Stock P/E 44.1
Book Value ₹ 423
Dividend Yield 0.88 %
ROCE 14.3 %
ROE 12.0 %
Face Value ₹ 10.0

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Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 33.4%

Cons

Promoter holding has decreased over last quarter: -2.20%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	451.86	499.78	536.59	526.37	560.82	530.40	572.48	521.05	853.09	521.88	529.02	837.37	901.64
	409.62	452.99	493.29	472.80	503.86	480.24	520.32	470.92	781.88	477.37	491.75	768.98	822.02
Operating Profit	42.24	46.79	43.30	53.57	56.96	50.16	52.16	50.13	71.21	44.51	37.27	68.39	79.62
OPM %	9.35%	9.36%	8.07%	10.18%	10.16%	9.46%	9.11%	9.62%	8.35%	8.53%	7.05%	8.17%	8.83%
	5.48	1.20	0.45	17.32	-217.05	-17.04	-121.17	0.38	-4.08	0.37	2.31	0.88	-7.82
Interest	6.62	4.92	6.64	7.65	8.43	9.97	12.39	14.64	15.90	14.15	14.93	19.45	17.80
Depreciation	16.00	16.37	15.99	17.79	22.85	19.18	19.48	20.85	32.88	20.59	20.74	32.35	34.95
Profit before tax	25.10	26.70	21.12	45.45	-191.37	3.97	-100.88	15.02	18.35	10.14	3.91	17.47	19.05
Tax %	33.47%	24.87%	25.05%	26.71%	2.28%	25.19%	-107.17%	25.23%	25.99%	25.54%	27.37%	85.17%	54.75%
	16.70	20.06	15.83	33.31	-195.73	2.97	7.23	11.23	13.58	7.55	2.84	2.59	8.62
EPS in Rs	10.27	12.33	9.73	20.48	-120.34	1.83	4.45	6.90	8.35	4.64	1.75	1.59	5.30
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	719	770	847	989	1,214	1,370	1,101	1,147	1,555	2,124	2,142	3,406
	651	701	769	893	1,079	1,228	1,020	1,057	1,427	1,906	1,961	3,113
Operating Profit	68	69	78	96	135	142	81	90	128	218	181	293
OPM %	9%	9%	9%	10%	11%	10%	7%	8%	8%	10%	8%	9%
	-9	-2	-1	3	6	11	-19	-59	7	-214	-139	-1
Interest	15	16	19	28	30	29	33	24	22	29	51	72
Depreciation	25	33	39	45	50	53	52	52	61	73	81	130
Profit before tax	20	17	19	26	60	70	-23	-45	51	-98	-91	90
Tax %	15%	26%	24%	21%	31%	33%	4%	13%	29%	29%	-116%	45%
	17	12	14	21	42	47	-24	-51	37	-127	15	50
EPS in Rs	15.96	11.84	13.41	19.66	36.02	39.45	-19.46	-34.80	22.51	-77.80	9.15	30.50
Dividend Payout %	34%	38%	34%	31%	33%	22%	0%	0%	0%	0%	0%	26%

Compounded Sales Growth
10 Years:	16%
5 Years:	25%
3 Years:	30%
TTM:	59%

Compounded Profit Growth
10 Years:	15%
5 Years:	28%
3 Years:	16%
TTM:	-64%

Stock Price CAGR
10 Years:	11%
5 Years:	33%
3 Years:	42%
1 Year:	5%

Return on Equity
10 Years:	19%
5 Years:	23%
3 Years:	33%
Last Year:	12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	11	11	11	11	12	12	13	15	16	16	16	16
Reserves	130	135	142	160	255	299	288	294	359	231	245	672
	176	217	287	295	271	320	358	313	453	531	706	791
	142	172	174	225	274	247	207	325	366	400	385	784
Total Liabilities	458	534	613	691	811	878	866	946	1,194	1,178	1,352	2,264
	219	242	306	320	343	342	334	316	368	393	431	673
CWIP	4	29	7	27	14	12	10	15	16	16	13	59
Investments	0	0	0	0	0	1	80	107	174	40	29	46
	235	263	299	344	454	524	442	507	636	729	878	1,486
Total Assets	458	534	613	691	811	878	866	946	1,194	1,178	1,352	2,264

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	45	67	37	90	73	71	116	107	29	130	130	339
	-46	-85	-75	-60	-70	-87	-134	-95	-176	-173	-250	-174
	-6	18	38	-28	-1	21	24	-23	149	50	125	-173
Net Cash Flow	-7	-0	-0	1	3	5	6	-12	2	7	5	-7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	55	54	52	56	64	58	54	77	74	65	58	76
Inventory Days	71	74	70	74	72	71	76	72	75	66	69	81
Days Payable	98	113	103	116	124	87	87	142	114	92	82	92
Cash Conversion Cycle	28	15	20	14	12	42	42	7	34	39	45	64
Working Capital Days	22	10	28	22	37	40	42	33	50	50	51	53
ROCE %	16%	11%	10%	12%	18%	17%	7%	6%	10%	19%	12%	14%

Shareholding Pattern

Numbers in percentages

4 Recently

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Apr 2025
	72.65%	72.65%	72.65%	72.65%	72.65%	72.65%	72.65%	72.65%	72.65%	72.65%	72.65%	70.45%
	0.03%	0.00%	0.12%	0.00%	0.01%	0.00%	0.01%	0.01%	0.21%	0.08%	0.09%	0.01%
	0.00%	0.00%	0.00%	0.11%	0.50%	0.63%	0.47%	0.00%	0.13%	0.13%	0.12%	1.04%
	27.33%	27.35%	27.24%	27.25%	26.86%	26.73%	26.88%	27.35%	27.01%	27.15%	27.15%	28.50%
No. of Shareholders	16,689	17,010	15,830	14,287	14,594	13,331	13,432	12,830	13,345	13,547	13,572	34,500

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Apr 2025
	57.80%	61.67%	62.84%	64.56%	69.45%	72.65%	72.65%	72.65%	72.65%	70.45%
	0.00%	0.04%	0.00%	0.00%	0.00%	0.03%	0.12%	0.01%	0.09%	0.01%
	0.11%	0.10%	0.09%	0.00%	0.00%	0.00%	0.00%	0.47%	0.12%	1.04%
	42.09%	38.19%	37.07%	35.44%	30.55%	27.32%	27.24%	26.88%	27.15%	28.50%
No. of Shareholders	7,724	8,971	9,588	11,436	13,746	18,445	15,830	13,432	13,572	34,500

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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