Rane (Madras) Ltd
₹ 751
-0.71%
05 Dec
- 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 ₹ 2,075 Cr.
- Current Price ₹ 751
- High / Low ₹ 1,055 / 575
- Stock P/E 43.2
- Book Value ₹ 246
- Dividend Yield 1.07 %
- ROCE 13.6 %
- ROE 9.50 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 24.6% CAGR over last 5 years
Cons
- Stock is trading at 3.05 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 876 | 1,195 | 1,400 | 1,555 | 1,277 | 1,267 | 1,742 | 2,354 | 2,239 | 3,406 | 3,539 | |
| 797 | 1,106 | 1,273 | 1,438 | 1,230 | 1,236 | 1,667 | 2,171 | 2,092 | 3,122 | 3,240 | |
| Operating Profit | 79 | 89 | 127 | 117 | 47 | 31 | 75 | 184 | 147 | 284 | 298 |
| OPM % | 9% | 7% | 9% | 8% | 4% | 2% | 4% | 8% | 7% | 8% | 8% |
| -2 | 11 | 9 | 10 | 12 | 7 | 52 | 6 | -101 | 2 | -0 | |
| Interest | 19 | 30 | 34 | 35 | 38 | 28 | 21 | 35 | 57 | 76 | 71 |
| Depreciation | 41 | 57 | 61 | 66 | 66 | 66 | 81 | 97 | 91 | 132 | 141 |
| Profit before tax | 17 | 13 | 40 | 26 | -45 | -55 | 26 | 58 | -103 | 78 | 87 |
| Tax % | 27% | 66% | 40% | 91% | 2% | 10% | 58% | 49% | -103% | 52% | |
| 13 | 4 | 24 | 2 | -46 | -61 | 11 | 30 | 3 | 38 | 47 | |
| EPS in Rs | 12.05 | 4.11 | 20.87 | 2.02 | -36.26 | -41.98 | 6.55 | 18.46 | 1.86 | 23.15 | 18.72 |
| Dividend Payout % | 37% | 146% | 58% | 420% | 0% | 0% | 0% | 0% | 0% | 35% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 25% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 60% |
| TTM: | -12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 26% |
| 3 Years: | 24% |
| 1 Year: | -18% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 20% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 12 | 12 | 13 | 15 | 16 | 16 | 16 | 16 | 28 |
| Reserves | 140 | 147 | 218 | 218 | 171 | 167 | 212 | 225 | 240 | 655 | 652 |
| 338 | 362 | 357 | 417 | 470 | 470 | 585 | 668 | 728 | 813 | 832 | |
| 212 | 267 | 315 | 290 | 268 | 380 | 417 | 439 | 385 | 785 | 898 | |
| Total Liabilities | 701 | 787 | 902 | 937 | 922 | 1,032 | 1,230 | 1,349 | 1,369 | 2,269 | 2,411 |
| 361 | 365 | 386 | 386 | 382 | 415 | 477 | 490 | 453 | 693 | 680 | |
| CWIP | 7 | 28 | 16 | 16 | 50 | 31 | 18 | 29 | 27 | 73 | 97 |
| Investments | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 7 | 7 |
| 333 | 394 | 499 | 535 | 489 | 586 | 733 | 829 | 887 | 1,496 | 1,626 | |
| Total Assets | 701 | 787 | 902 | 937 | 922 | 1,032 | 1,230 | 1,349 | 1,369 | 2,269 | 2,411 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 31 | 88 | 65 | 45 | 69 | 46 | -6 | 88 | 191 | 316 | |
| -74 | -77 | -78 | -60 | -103 | -80 | -124 | -106 | -148 | -147 | |
| 43 | -7 | 14 | 26 | 34 | 21 | 134 | 35 | -55 | -176 | |
| Net Cash Flow | -0 | 4 | 1 | 11 | 0 | -13 | 5 | 17 | -12 | -7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 67 | 57 | 64 | 58 | 55 | 78 | 74 | 65 | 55 | 76 |
| Inventory Days | 75 | 76 | 73 | 71 | 80 | 81 | 76 | 67 | 67 | 87 |
| Days Payable | 117 | 118 | 123 | 89 | 97 | 150 | 115 | 91 | 80 | 100 |
| Cash Conversion Cycle | 25 | 15 | 14 | 39 | 38 | 9 | 35 | 41 | 43 | 63 |
| Working Capital Days | -36 | -33 | -16 | -16 | -36 | -42 | -20 | -14 | -23 | -6 |
| ROCE % | 9% | 13% | 10% | -1% | -4% | -0% | 12% | 6% | 14% |
Documents
Announcements
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Disclosure Under Regulation 30 - Part A Para A.20 Schedule III Of SEBI LODR
28 Nov - Compounding order under Legal Metrology for October 2025; Rs.50,000 fee paid November 28, 2025.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 27 Nov
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
25 Nov - Transcript of the Earnings Conference Call is available in the investor information section of the website of the Company at the web-link https://ranegroup.com/investors/rane-madras-limited-2/.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Nov - Regarding Analyst / Investor Meet on Thursday, November 27, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
18 Nov - Audio/video recordings of Nov 18, 2025 earnings conference call posted on company website.
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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Nov 2025TranscriptAI SummaryPPT
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Aug 2025Transcript PPT
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Jun 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptAI SummaryPPT
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Nov 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Oct 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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Jun 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Aug 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Feb 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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May 2018TranscriptAI SummaryPPT
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May 2018TranscriptAI SummaryPPT
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Feb 2018TranscriptAI SummaryPPT
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Feb 2018TranscriptAI SummaryPPT
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Dec 2017TranscriptAI SummaryPPT
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Aug 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.