Rane (Madras) Ltd
₹ 841
0.56%
07 Oct
- 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
- Market Cap ₹ 2,325 Cr.
- Current Price ₹ 841
- High / Low ₹ 1,179 / 575
- Stock P/E 67.6
- Book Value ₹ 423
- Dividend Yield 0.95 %
- ROCE 14.3 %
- ROE 12.0 %
- Face Value ₹ 10.0
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.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Upcoming result date: 4 November 2025
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 719 | 770 | 847 | 989 | 1,214 | 1,370 | 1,101 | 1,147 | 1,555 | 2,124 | 2,142 | 3,406 | 3,149 | |
| 651 | 701 | 769 | 893 | 1,079 | 1,228 | 1,020 | 1,057 | 1,427 | 1,906 | 1,961 | 3,113 | 2,888 | |
| Operating Profit | 68 | 69 | 78 | 96 | 135 | 142 | 81 | 90 | 128 | 218 | 181 | 293 | 261 |
| OPM % | 9% | 9% | 9% | 10% | 11% | 10% | 7% | 8% | 8% | 10% | 8% | 9% | 8% |
| -9 | -2 | -1 | 3 | 6 | 11 | -19 | -59 | 7 | -214 | -139 | -1 | -4 | |
| Interest | 15 | 16 | 19 | 28 | 30 | 29 | 33 | 24 | 22 | 29 | 51 | 72 | 69 |
| Depreciation | 25 | 33 | 39 | 45 | 50 | 53 | 52 | 52 | 61 | 73 | 81 | 130 | 123 |
| Profit before tax | 20 | 17 | 19 | 26 | 60 | 70 | -23 | -45 | 51 | -98 | -91 | 90 | 65 |
| 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 | 33 | |
| 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 | 15.41 |
| 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: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 28% |
| 3 Years: | 16% |
| TTM: | -81% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 33% |
| 3 Years: | 31% |
| 1 Year: | -25% |
| 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 | 201 | 339 | |
| -46 | -85 | -75 | -60 | -70 | -87 | -134 | -95 | -176 | -173 | -288 | -174 | |
| -6 | 18 | 38 | -28 | -1 | 21 | 24 | -23 | 149 | 50 | 84 | -173 | |
| Net Cash Flow | -7 | -0 | -0 | 1 | 3 | 5 | 6 | -12 | 2 | 7 | -3 | -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 | -25 | -41 | -20 | -30 | -5 | -5 | 42 | 33 | -19 | -12 | -24 | -5 |
| ROCE % | 16% | 11% | 10% | 12% | 18% | 17% | 7% | 6% | 10% | 19% | 12% | 14% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - Rane (Madras) Limited has informed about Certificate under SEBI (Depositories & Participants) Regulations, 2018
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Disclosure Under Regulation 30(13) - Show Cause Notice Received
30 Sep - CGST show-cause for Apr 2021–Mar 2022; demand Rs2.39 Cr, excluding interest/penalty.
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Board Meeting Intimation for Consider And Approve The Unaudited Financial Results For The Quarter Ending September 30, 2025.
29 Sep - Board meeting Nov 4, 2025 to approve Q2/H1 Sept 30, 2025 results; trading window closed Sep 30–Nov 06.
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Closure of Trading Window
29 Sep - Board meeting on Nov 4, 2025 to approve Q2/H1 results; trading window closed Sep 30–Nov 6, 2025.
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Re-Lodgement Of Transfer Requests Of Physical Shares - Monthly Update
12 Sep - Monthly report for period ended Aug 31, 2025: no physical share transfer requests received or processed.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
from nse
Concalls
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Aug 2025Transcript PPT
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Jun 2025TranscriptNotesPPT
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Dec 2017TranscriptNotesPPT
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Aug 2017TranscriptNotesPPT
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Jun 2017TranscriptNotesPPT
Part of Rane Group[1]
Rane (Madras) is part of the Rane Group, a preferred OE manufacturer and supplier to global auto majors across PVs, CVs, farm tractors, 2- & 3-wheelers, railways, and stationary engines. The group’s offerings include steering and suspension systems, friction materials, valve train components, occupant safety systems, and light metal castings. Rane Holdings Ltd. holds a 63.8% stake in the company.