Rane (Madras) Ltd
₹ 810
1.67%
14 Aug
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 ₹ 2,237 Cr.
- Current Price ₹ 810
- High / Low ₹ 1,529 / 575
- Stock P/E 90.8
- Book Value ₹ 412
- Dividend Yield 0.99 %
- ROCE 13.4 %
- ROE 9.48 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 24.6% CAGR over last 5 years
Cons
- Company has low interest coverage ratio.
- 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
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 | 3,148 | |
| 797 | 1,106 | 1,273 | 1,438 | 1,230 | 1,236 | 1,667 | 2,171 | 2,092 | 3,124 | 2,893 | |
| Operating Profit | 79 | 89 | 127 | 117 | 47 | 31 | 75 | 184 | 147 | 282 | 255 |
| OPM % | 9% | 7% | 9% | 8% | 4% | 2% | 4% | 8% | 7% | 8% | 8% |
| -2 | 11 | 9 | 10 | 12 | 7 | 52 | 6 | -101 | 3 | -1 | |
| Interest | 19 | 30 | 34 | 35 | 38 | 28 | 21 | 35 | 57 | 75 | 71 |
| Depreciation | 41 | 57 | 61 | 66 | 66 | 66 | 81 | 97 | 91 | 132 | 125 |
| Profit before tax | 17 | 13 | 40 | 26 | -45 | -55 | 26 | 58 | -103 | 78 | 57 |
| Tax % | 27% | 66% | 40% | 91% | 2% | 10% | 58% | 49% | -103% | 52% | |
| 13 | 4 | 24 | 2 | -46 | -61 | 11 | 30 | 3 | 38 | 25 | |
| EPS in Rs | 12.05 | 4.11 | 20.87 | 2.02 | -36.26 | -41.98 | 6.55 | 18.46 | 1.86 | 23.15 | 10.53 |
| Dividend Payout % | 37% | 146% | 58% | 420% | 0% | 0% | 0% | 0% | 0% | 35% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 25% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 60% |
| TTM: | -83% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 31% |
| 3 Years: | 29% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 20% |
| Last Year: | 9% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 12 | 12 | 13 | 15 | 16 | 16 | 16 | 16 |
| Reserves | 140 | 147 | 218 | 218 | 171 | 167 | 212 | 225 | 240 | 655 |
| 338 | 362 | 357 | 417 | 470 | 470 | 585 | 668 | 728 | 813 | |
| 212 | 267 | 315 | 290 | 268 | 380 | 417 | 439 | 385 | 785 | |
| Total Liabilities | 701 | 787 | 902 | 937 | 922 | 1,032 | 1,230 | 1,349 | 1,369 | 2,269 |
| 361 | 365 | 386 | 386 | 382 | 415 | 477 | 490 | 453 | 693 | |
| CWIP | 7 | 28 | 16 | 16 | 50 | 31 | 18 | 29 | 27 | 73 |
| Investments | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 7 |
| 333 | 394 | 499 | 535 | 489 | 586 | 733 | 829 | 887 | 1,496 | |
| Total Assets | 701 | 787 | 902 | 937 | 922 | 1,032 | 1,230 | 1,349 | 1,369 | 2,269 |
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 | 81 |
| Days Payable | 117 | 118 | 123 | 89 | 97 | 150 | 115 | 91 | 80 | 93 |
| Cash Conversion Cycle | 25 | 15 | 14 | 39 | 38 | 9 | 35 | 41 | 43 | 64 |
| Working Capital Days | -36 | -33 | -16 | -16 | -36 | -42 | -20 | -14 | -23 | -6 |
| ROCE % | 9% | 13% | 10% | -1% | -4% | -0% | 12% | 6% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
23h - Audio recording of August 13, 2025 earnings call available on company website.
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Announcement under Regulation 30 (LODR)-Investor Presentation
2d - Copy of the earnings presentation. This is also being made available on the investor section of the website of the Company at the web-link: https://ranegroup.com/investors/rane-madras-limited-2/.
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Report Certifying Distribution Of Sale Proceeds Of Fractional Shares
6 Aug - Audit and Independent Directors certify distribution of ₹80.55 lakh proceeds from fractional shares post-amalgamation.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 Aug - Earnings call scheduled on August 13, 2025, to discuss Q1 FY26 unaudited financial results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Aug - Copies of extract of Un-audited (Standalone and Consolidated) financial results of the Company for the quarter ended June 30, 2025 published on August 06, 2025 …
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
Concalls
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Aug 2025TranscriptNotesPPT
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Jun 2025TranscriptNotesPPT
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Feb 2025TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Oct 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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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 a part of Rane group which is one of the preferred OE manufacturer and supplier for global auto majors. The Group serves a variety of industry segments: PVs, CVs, Farm Tractors, 2-wheelers, 3-wheelers, Railways and Stationary Engines. It manufactures Steering and Suspension systems, Friction materials, Valve train
components, Occupant safety systems and Light metal casting products.
Rane Holdings Ltd. holds 71.77% equity in the company.[2]