Rane (Madras) Ltd
₹ 724
0.05%
20 Mar
- 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 ₹ 2,001 Cr.
- Current Price ₹ 724
- High / Low ₹ 1,055 / 585
- Stock P/E 25.3
- Book Value ₹ 246
- Dividend Yield 1.11 %
- ROCE 11.2 %
- ROE 6.63 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 24.6% CAGR over last 5 years
Cons
- Stock is trading at 2.94 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 | 3,463 | 3,406 | 3,716 | |
| 797 | 1,106 | 1,273 | 1,438 | 1,230 | 1,236 | 1,667 | 2,171 | 3,193 | 3,122 | 3,393 | |
| Operating Profit | 79 | 89 | 127 | 117 | 47 | 31 | 75 | 184 | 270 | 284 | 323 |
| OPM % | 9% | 7% | 9% | 8% | 4% | 2% | 4% | 8% | 8% | 8% | 9% |
| -2 | 11 | 9 | 10 | 12 | 7 | 52 | 6 | -102 | 2 | 1 | |
| Interest | 19 | 30 | 34 | 35 | 38 | 28 | 21 | 35 | 68 | 76 | 65 |
| Depreciation | 41 | 57 | 61 | 66 | 66 | 66 | 81 | 97 | 132 | 132 | 144 |
| Profit before tax | 17 | 13 | 40 | 26 | -45 | -55 | 26 | 58 | -32 | 78 | 114 |
| Tax % | 27% | 66% | 40% | 91% | 2% | 10% | 58% | 49% | -269% | 52% | |
| 13 | 4 | 24 | 2 | -46 | -61 | 11 | 30 | 55 | 38 | 77 | |
| EPS in Rs | 12.05 | 4.11 | 20.87 | 2.02 | -36.26 | -41.98 | 6.55 | 18.46 | 33.67 | 23.15 | 29.52 |
| Dividend Payout % | 37% | 146% | 58% | 420% | 0% | 0% | 0% | 0% | 0% | 35% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 25% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 60% |
| TTM: | 73% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 13% |
| 3 Years: | 20% |
| 1 Year: | 9% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 10% |
| 3 Years: | 19% |
| Last Year: | 7% |
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 | 642 | 655 | 652 |
| 338 | 362 | 357 | 417 | 470 | 470 | 585 | 668 | 851 | 813 | 832 | |
| 212 | 267 | 315 | 290 | 268 | 380 | 417 | 439 | 613 | 785 | 898 | |
| Total Liabilities | 701 | 787 | 902 | 937 | 922 | 1,032 | 1,230 | 1,349 | 2,122 | 2,269 | 2,411 |
| 361 | 365 | 386 | 386 | 382 | 415 | 477 | 490 | 667 | 693 | 680 | |
| CWIP | 7 | 28 | 16 | 16 | 50 | 31 | 18 | 29 | 45 | 73 | 97 |
| Investments | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 11 | 7 | 7 |
| 333 | 394 | 499 | 535 | 489 | 586 | 733 | 829 | 1,398 | 1,496 | 1,626 | |
| Total Assets | 701 | 787 | 902 | 937 | 922 | 1,032 | 1,230 | 1,349 | 2,122 | 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 | 63 | 76 |
| Inventory Days | 75 | 76 | 73 | 71 | 80 | 81 | 76 | 67 | 82 | 87 |
| Days Payable | 117 | 118 | 123 | 89 | 97 | 150 | 115 | 91 | 83 | 100 |
| Cash Conversion Cycle | 25 | 15 | 14 | 39 | 38 | 9 | 35 | 41 | 62 | 63 |
| Working Capital Days | -36 | -33 | -16 | -16 | -36 | -42 | -20 | -14 | 3 | -6 |
| ROCE % | 9% | 13% | 10% | -1% | -4% | -0% | 12% | 12% | 11% |
Insights
In beta| Mar 2015 | Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Revenue Mix - India OEM (Group) % |
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| Revenue Mix - International (Group) % |
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| Number of Manufacturing Plants (Group) Number |
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| New Business Order Wins (Aggregate) INR Crores |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 1d
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
1d - Postal ballot (Mar 20, 2026): commission to NEDs/IDs approved; 1,97,65,758 votes for (99.08%).
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Announcement under Regulation 30 (LODR)-Change in Management
1d - CS S Subha Shree to cease May 31, 2026; Mr. Venkatraman appointed CS effective June 1, 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Gowri Kailasam and Aditya Ganesh reassigned as Executive Directors; changes effective June 1, 2026.
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Newspaper Advertisement - Window For Re-Lodgement Of Transfer Requests For Physical Shares
11 Mar - Rane (Madras) announces SEBI‑mandated window Feb 05, 2026–Feb 04, 2027 to re-lodge physical share transfer requests.
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
from bse
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Financial Year 2012
from nse
Concalls
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Dec 2017TranscriptAI SummaryPPT
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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.