Rane (Madras) Ltd
₹ 669
7.60%
01 Apr
4:01 p.m.
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 ₹ 1,844 Cr.
- Current Price ₹ 669
- High / Low ₹ 1,055 / 585
- Stock P/E 21.4
- Book Value ₹ 254
- Dividend Yield 1.19 %
- ROCE 11.9 %
- ROE 8.42 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.3%
Cons
* 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: 6 May 2026
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 | 3,366 | 3,406 | 3,717 | |
| 651 | 701 | 769 | 893 | 1,079 | 1,228 | 1,020 | 1,057 | 1,427 | 1,906 | 3,063 | 3,112 | 3,391 | |
| Operating Profit | 68 | 69 | 78 | 96 | 135 | 142 | 81 | 90 | 128 | 218 | 304 | 294 | 326 |
| OPM % | 9% | 9% | 9% | 10% | 11% | 10% | 7% | 8% | 8% | 10% | 9% | 9% | 9% |
| -9 | -2 | -1 | 3 | 6 | 11 | -19 | -59 | 7 | -214 | -140 | -1 | -2 | |
| Interest | 15 | 16 | 19 | 28 | 30 | 29 | 33 | 24 | 22 | 29 | 62 | 73 | 62 |
| Depreciation | 25 | 33 | 39 | 45 | 50 | 53 | 52 | 52 | 61 | 73 | 122 | 130 | 142 |
| Profit before tax | 20 | 17 | 19 | 26 | 60 | 70 | -23 | -45 | 51 | -98 | -21 | 90 | 120 |
| Tax % | 15% | 26% | 24% | 21% | 31% | 33% | 4% | 13% | 29% | 29% | -424% | 45% | |
| 17 | 12 | 14 | 21 | 42 | 47 | -24 | -51 | 37 | -127 | 67 | 50 | 83 | |
| EPS in Rs | 15.96 | 11.84 | 13.41 | 19.66 | 36.02 | 39.45 | -19.46 | -34.80 | 22.51 | -77.80 | 40.96 | 30.50 | 32.15 |
| 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: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 28% |
| 3 Years: | 16% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 12% |
| 3 Years: | 18% |
| 1 Year: | 2% |
| Return on Equity | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 23% |
| 3 Years: | 29% |
| Last Year: | 8% |
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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 12 | 12 | 13 | 15 | 16 | 16 | 16 | 16 | 28 |
| Reserves | 130 | 135 | 142 | 160 | 255 | 299 | 288 | 294 | 359 | 231 | 647 | 672 | 673 |
| 176 | 217 | 287 | 295 | 271 | 320 | 358 | 313 | 453 | 531 | 829 | 791 | 811 | |
| 142 | 172 | 174 | 225 | 274 | 247 | 207 | 325 | 366 | 400 | 612 | 784 | 896 | |
| Total Liabilities | 458 | 534 | 613 | 691 | 811 | 878 | 866 | 946 | 1,194 | 1,178 | 2,105 | 2,264 | 2,408 |
| 219 | 242 | 306 | 320 | 343 | 342 | 334 | 316 | 368 | 393 | 646 | 673 | 661 | |
| CWIP | 4 | 29 | 7 | 27 | 14 | 12 | 10 | 15 | 16 | 16 | 31 | 59 | 81 |
| Investments | 0 | 0 | 0 | 0 | 0 | 1 | 80 | 107 | 174 | 40 | 38 | 46 | 57 |
| 235 | 263 | 299 | 344 | 454 | 524 | 442 | 507 | 636 | 729 | 1,390 | 1,486 | 1,609 | |
| Total Assets | 458 | 534 | 613 | 691 | 811 | 878 | 866 | 946 | 1,194 | 1,178 | 2,105 | 2,264 | 2,408 |
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 |
| Free Cash Flow | 2 | -18 | -38 | 22 | 5 | 21 | 80 | 61 | -52 | 32 | 23 | 183 |
| CFO/OP | 72% | 104% | 55% | 97% | 64% | 64% | 155% | 130% | 34% | 76% | 78% | 115% |
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 | 65 | 76 |
| Inventory Days | 71 | 74 | 70 | 74 | 72 | 71 | 76 | 72 | 75 | 66 | 84 | 87 |
| Days Payable | 98 | 113 | 103 | 116 | 124 | 87 | 87 | 142 | 114 | 92 | 84 | 100 |
| Cash Conversion Cycle | 28 | 15 | 20 | 14 | 12 | 42 | 42 | 7 | 34 | 39 | 64 | 63 |
| Working Capital Days | -25 | -41 | -20 | -30 | -5 | -5 | -30 | -36 | -19 | -12 | 3 | -5 |
| ROCE % | 16% | 11% | 10% | 12% | 18% | 17% | 7% | 6% | 10% | 19% | 17% | 12% |
Insights
In beta| Mar 2015 | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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Documents
Announcements
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Board Meeting Intimation for Consider And Approve The Audited Financial Results For The Quarter Ending March 31, 2026
1d - Board meeting May 06, 2026 to approve FY2026 audited results; trading window closed Mar 31–May 08, 2026.
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Closure of Trading Window
1d - Board meeting on May 06, 2026 to approve audited results; trading window closed Mar 31–May 08, 2026.
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Disclosure Under Regulation 30 - Part A Para B.8 Schedule III Of SEBI LODR
28 Mar - Assessment order dated 27-Mar-2026: tax demand Rs.3.12 Cr; trademark disallowance Rs.10.37 Cr; penalty notice issued.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 20 Mar
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
20 Mar - Postal ballot (Mar 20, 2026): commission to NEDs/IDs approved; 1,97,65,758 votes for (99.08%).
Annual reports
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Financial Year 2025
from bse
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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
from bse
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Financial Year 2012
from nse
Concalls
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Feb 2026TranscriptAI SummaryPPT
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Dec 2017TranscriptAI SummaryPPT
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Jun 2017TranscriptAI SummaryPPT
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.