Rane (Madras) Ltd
₹ 1,280
-4.25%
08 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 ₹ 3,536 Cr.
- Current Price ₹ 1,280
- High / Low ₹ 1,440 / 608
- Stock P/E 27.9
- Book Value ₹ 280
- Dividend Yield 1.25 %
- ROCE 14.1 %
- ROE 15.5 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 22.0%
Cons
- Stock is trading at 4.57 times its book value
* 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: 3 November 2026
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 770 | 847 | 989 | 1,214 | 1,370 | 1,101 | 1,147 | 1,555 | 2,124 | 3,366 | 3,406 | 3,863 | 4,024 | |
| 701 | 769 | 893 | 1,079 | 1,228 | 1,020 | 1,057 | 1,427 | 1,906 | 3,063 | 3,112 | 3,518 | 3,668 | |
| Operating Profit | 69 | 78 | 96 | 135 | 142 | 81 | 90 | 128 | 218 | 304 | 294 | 345 | 356 |
| OPM % | 9% | 9% | 10% | 11% | 10% | 7% | 8% | 8% | 10% | 9% | 9% | 9% | 9% |
| -2 | -1 | 3 | 6 | 11 | -19 | -59 | 7 | -214 | -140 | -1 | 8 | 16 | |
| Interest | 16 | 19 | 28 | 30 | 29 | 33 | 24 | 22 | 29 | 62 | 73 | 59 | 57 |
| Depreciation | 33 | 39 | 45 | 50 | 53 | 52 | 52 | 61 | 73 | 122 | 130 | 145 | 148 |
| Profit before tax | 17 | 19 | 26 | 60 | 70 | -23 | -45 | 51 | -98 | -21 | 90 | 150 | 168 |
| Tax % | 26% | 24% | 21% | 31% | 33% | 4% | 13% | 29% | 29% | -424% | 45% | 26% | |
| 12 | 14 | 21 | 42 | 47 | -24 | -51 | 37 | -127 | 67 | 50 | 111 | 125 | |
| EPS in Rs | 11.84 | 13.41 | 19.66 | 36.02 | 39.45 | -19.46 | -34.80 | 22.51 | -77.80 | 40.96 | 30.50 | 40.32 | 45.18 |
| Dividend Payout % | 38% | 34% | 31% | 33% | 22% | 0% | 0% | 0% | 0% | 0% | 26% | 40% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 27% |
| 3 Years: | 22% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 43% |
| 3 Years: | -5% |
| TTM: | 146% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 26% |
| 3 Years: | 14% |
| 1 Year: | 52% |
| Return on Equity | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 23% |
| 3 Years: | 22% |
| Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 12 | 12 | 13 | 15 | 16 | 16 | 16 | 16 | 28 |
| Reserves | 135 | 142 | 160 | 255 | 299 | 288 | 294 | 359 | 231 | 647 | 672 | 746 |
| 217 | 287 | 295 | 271 | 320 | 358 | 313 | 453 | 531 | 829 | 791 | 730 | |
| 172 | 174 | 225 | 274 | 247 | 207 | 325 | 366 | 400 | 612 | 784 | 1,016 | |
| Total Liabilities | 534 | 613 | 691 | 811 | 878 | 866 | 946 | 1,194 | 1,178 | 2,105 | 2,264 | 2,519 |
| 242 | 306 | 320 | 343 | 342 | 334 | 316 | 368 | 393 | 646 | 673 | 720 | |
| CWIP | 29 | 7 | 27 | 14 | 12 | 10 | 15 | 16 | 16 | 31 | 59 | 69 |
| Investments | 0 | 0 | 0 | 0 | 1 | 80 | 107 | 174 | 40 | 38 | 46 | 58 |
| 263 | 299 | 344 | 454 | 524 | 442 | 507 | 636 | 729 | 1,390 | 1,486 | 1,672 | |
| Total Assets | 534 | 613 | 691 | 811 | 878 | 866 | 946 | 1,194 | 1,178 | 2,105 | 2,264 | 2,519 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 67 | 37 | 90 | 73 | 71 | 116 | 107 | 29 | 130 | 201 | 339 | 221 | |
| -85 | -75 | -60 | -70 | -87 | -134 | -95 | -176 | -173 | -288 | -174 | 3 | |
| 18 | 38 | -28 | -1 | 21 | 24 | -23 | 149 | 50 | 84 | -173 | -203 | |
| Net Cash Flow | -0 | -0 | 1 | 3 | 5 | 6 | -12 | 2 | 7 | -3 | -7 | 21 |
| Free Cash Flow | -18 | -38 | 22 | 5 | 21 | 80 | 61 | -52 | 32 | 23 | 183 | 88 |
| CFO/OP | 104% | 55% | 97% | 64% | 64% | 155% | 130% | 34% | 76% | 78% | 115% | 78% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 54 | 52 | 56 | 64 | 58 | 54 | 77 | 74 | 65 | 65 | 76 | 75 |
| Inventory Days | 74 | 70 | 74 | 72 | 71 | 76 | 72 | 75 | 66 | 84 | 81 | 80 |
| Days Payable | 113 | 103 | 116 | 124 | 87 | 87 | 142 | 114 | 92 | 84 | 92 | 88 |
| Cash Conversion Cycle | 15 | 20 | 14 | 12 | 42 | 42 | 7 | 34 | 39 | 64 | 64 | 67 |
| Working Capital Days | -41 | -20 | -30 | -5 | -5 | -30 | -36 | -19 | -12 | 3 | -5 | -17 |
| ROCE % | 11% | 10% | 12% | 18% | 17% | 7% | 6% | 10% | 19% | 17% | 12% | 14% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| International Revenue Share % |
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Documents
Announcements
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Disclosure Under Regulation 7(2) Read With Regulation 6(2) Of SEBI Prohibition Of Insider Trading) Regulations, 2015
- Meenakshi Ganesh acquired 1,105 shares via transmission from Late Kripa Subramaniam.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Regulation 74(5) certificate filed for quarter ended September 30, 2026.
-
Update On Sale Of Surplus Land Parcel
- Rane (Madras) sold 3.48 acres in Velachery; total consideration Rs. 361.18 crore, Rs. 200 crore received.
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Newspaper Advertisement - Window For Re-Lodgement Of Transfer Requests For Physical Shares
- Special window for physical share transfer re-lodgement open February 5, 2026 to February 7, 2027.
- Closure of Trading Window
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Aug 2026Transcript PPT
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May 2026PPT
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Feb 2026PPT
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Nov 2025PPT
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Aug 2025Transcript PPT
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Dec 2017PPT
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Aug 2017PPT
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Jun 2017PPT
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.