Rane (Madras) Ltd

RML

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Market Cap

₹ 2,041 Cr

P/E

42.44

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Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

EXCEPTIONAL

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

MODERATE RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Rane (Madras) Limited, a subsidiary of Rane Holdings Ltd, focuses on manufacturing steering and suspension systems for the automotive industry. Their products primarily include steering gears and various assemblies.

Recently, Rane (Madras) Limited merged with Rane Engine Valve Ltd and Rane Brake Lining Ltd, aiming to strengthen product scope and operational efficiency through consolidation.

International expansion is emphasized with a manufacturing facility in Mexico, catering to a global customer base across 30+ countries, highlighting their market penetration.

The company's aftermarket business experienced 17% growth, partially due to strategic restructuring, showing their adaptive approach to changing market conditions.

Sector

Auto Ancillaries

Industry

Auto Ancillaries - Others

Market Cap

2,041 Cr

Volatility

Moderate Risk

P/E Ratio

42.4

Industry P/E

37.3

PEG Ratio

4.0

P/B Ratio

3.0

52W High

1,054.55

52W Low

577.95

Sales CAGR

-1.46%

29.87%

25.35%

10Y

15.31%

Profit CAGR

-31.25%

10.66%

—

10Y

15.01%

ROE

TTM

7.07%

-0.64%

-1.07%

10Y

2.15%

ROCE

TTM

11.38%

5.46%

5.39%

10Y

8.89%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
RML	741.25	2,041 Cr	42.44	3.00	0.64	7.07	11.38	1.95
NDRAUTO	828.75	1,993 Cr	34.23	6.15	0.33	17.47	20.08	10.95
DIVGIITTS	593.60	1,811 Cr	59.80	2.98	0.44	4.98	6.82	4.39
TALBROAUTO	289.00	1,763 Cr	18.43	2.59	0.25	14.05	17.37	9.47
RICOAUTO	123.00	1,617 Cr	36.88	2.15	0.42	5.69	8.38	2.13
PRECAM	152.90	1,483 Cr	44.24	1.82	0.64	4.11	6.54	6.36
BHARATSE	177.05	1,113 Cr	29.26	5.39	0.62	18.41	17.98	5.49

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	588	611	521	518	522	529	522	901	881	919
Expenses	546	579	474	493	481	493	485	823	806	841
Operating Profit	42	32	47	25	41	36	37	79	75	79
OPM %	7.21	5.22	9.02	4.79	7.76	6.76	7.11	8.74	8.49	8.57
Other Income	-17	-85	1.37	-0.64	1.45	1.57	1.98	-7.84	2.79	2.50
Interest	14	13	15	14	15	16	17	18	17	15
Depreciation	24	24	21	22	21	21	22	36	36	37
Profit Before Tax	-13	-90	13	-12	6.00	0.39	0.41	17	25	30
Tax %	-7.42	119.67	29.43	19.08	43.17	274.36	153.66	61.53	25.22	27.66
Net Profit	-14	18	9.09	-9.37	3.41	-0.68	-0.22	6.52	19	21
EPS in Rs	-5.24	6.43	3.29	-3.39	1.24	-0.25	-0.08	1.39	6.70	7.77

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	1,290	1,425	1,555	1,277	1,267	1,742	2,354	2,239	3,406	2,833
Expenses	1,107	1,274	1,439	1,231	1,237	1,668	2,172	2,093	3,124	2,606
Operating Profit	184	151	116	46	31	74	183	146	282	226
OPM %	14.23	10.62	7.46	3.61	2.43	4.23	7.75	6.53	8.28	7.99
Other Income	11	8.87	9.95	12	6.87	52	6.20	-101	2.68	-1.50
Interest	30	33	34	37	27	20	34	56	75	68
Depreciation	57	61	66	66	66	81	97	91	132	114
Profit Before Tax	13	40	26	-45	-55	26	58	-103	78	43
Tax %	65.61	39.60	90.56	-2.20	-10.22	58.25	48.65	102.95	51.67	43.22
Net Profit	4.32	24	2.42	-46	-61	11	30	3.02	38	24
EPS in Rs	—	8.82	0.75	-15.88	-20.84	3.66	10.93	1.09	2.30	15.78
Dividend Payout %	145.99	56.07	410.63	0.00	0.00	0.00	0.00	0.00	58.74	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	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
Borrowings	292	338	336	364	397	470	585	668	728	813
Other Liabilities	259	292	336	343	341	380	417	439	385	785
Total Liabilities	701	787	902	937	922	1,032	1,230	1,349	1,369	2,269
Fixed Assets	361	365	387	386	382	415	477	490	453	693
CWIP	7.39	28	16	16	50	31	18	29	27	73
Investments	0.00	0.00	0.00	0.60	0.60	0.60	1.46	1.46	1.92	6.69
Other Assets	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

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	31	88	65	45	69	46	-5.65	88	120	316
Cash from Investing Activity	-74	-77	-78	-60	-103	-80	-124	-106	-110	-147
Cash from Financing Activity	43	-6.72	14	26	34	21	134	35	-14	-176
Net Cash Flow	-0.03	3.92	1.48	11	0.43	-13	4.99	17	-3.64	-7.17

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Apr 2025	Jun 2025	Sep 2025
Promoters	72.65%	72.65%	72.65%	72.65%	72.65%	72.65%	72.65%	72.65%	72.65%	70.45%	70.45%	70.45%
FIIs	0.12%	0.00%	0.01%	0.00%	0.01%	0.01%	0.21%	0.07%	0.09%	0.01%	0.03%	0.04%
DIIs	0.00%	0.11%	0.50%	0.63%	0.47%	0.00%	0.13%	0.13%	0.12%	1.04%	1.04%	1.04%
Public	27.24%	27.24%	26.85%	26.73%	26.87%	27.35%	27.01%	27.15%	27.15%	28.49%	28.48%	28.47%
Total Shareholders	15,830	14,287	14,594	13,331	13,432	12,830	13,345	13,547	13,572	34,500	33,748	32,127

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Apr 26, 2025	Lakshman l & pushpa lakshman	Insider - Promoter	Acquisition	925.59	0.01 Cr	74	—
Apr 26, 2025	Pushpa lakshman & lakshman l	Insider - Promoter	Acquisition	925.59	0.01 Cr	74	—
Apr 26, 2025	Malavika lakshman & harish la...	Insider - Promoter	Acquisition	925.59	0.01 Cr	74	—
Apr 26, 2025	Nisshinbo holdings inc.	Insider - Promoter	Acquisition	925.60	155.04 Cr	16,75,011	—
Apr 26, 2025	Rane holdings ltd	Insider - Promoter	Acquisition	925.60	551.51 Cr	59,58,439	36.6
Apr 26, 2025	Rekha sundar	Insider - Promoter Group	Acquisition	925.60	1.89 Cr	20,370	0.19
Apr 26, 2025	Ganesh l & meenakshi ganesh	Insider - Promoter	Acquisition	925.60	0.01 Cr	90	—
Sep 14, 2023	Sundaresan revised	Insider - Promoter	Acquisition	—	—	12,604	—
Sep 14, 2023	Chitra sundaresan late revised	Insider - Promoter	Disposal	—	—	12,604	0.08

Projection

Actions

Action Type

‌
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Announcements

Last 7 days

Newest

Sentiment

Corporate Action

5 days ago

Re-Lodgement of Transfer Requests for Physical Shares Announced

Rane (Madras) Limited has opened a special window for re-lodgement of transfer requests for physical shares up to January 6, 2026, as per SEBI guidelines.

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

Investor Presentation

Q3 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q1 FY25

Investor Presentation

Q4 FY24

Investor Presentation

Q3 FY24

Showing 1 - 8 of 34

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Bearish

Neutral

Bullish

Overall

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Neutral

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Moving Averages

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Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	588	611	521	518	522	529	522	901	881	919
Expenses	546	579	474	493	481	493	485	823	806	841
Operating Profit	42	32	47	25	41	36	37	79	75	79
OPM %	7.21	5.22	9.02	4.79	7.76	6.76	7.11	8.74	8.49	8.57
Other Income	-17	-85	1.37	-0.64	1.45	1.57	1.98	-7.84	2.79	2.50
Interest	14	13	15	14	15	16	17	18	17	15
Depreciation	24	24	21	22	21	21	22	36	36	37
Profit Before Tax	-13	-90	13	-12	6.00	0.39	0.41	17	25	30
Tax %	-7.42	119.67	29.43	19.08	43.17	274.36	153.66	61.53	25.22	27.66
Net Profit	-14	18	9.09	-9.37	3.41	-0.68	-0.22	6.52	19	21
EPS in Rs	-5.24	6.43	3.29	-3.39	1.24	-0.25	-0.08	1.39	6.70	7.77

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	1,290	1,425	1,555	1,277	1,267	1,742	2,354	2,239	3,406	2,833
Expenses	1,107	1,274	1,439	1,231	1,237	1,668	2,172	2,093	3,124	2,606
Operating Profit	184	151	116	46	31	74	183	146	282	226
OPM %	14.23	10.62	7.46	3.61	2.43	4.23	7.75	6.53	8.28	7.99
Other Income	11	8.87	9.95	12	6.87	52	6.20	-101	2.68	-1.50
Interest	30	33	34	37	27	20	34	56	75	68
Depreciation	57	61	66	66	66	81	97	91	132	114
Profit Before Tax	13	40	26	-45	-55	26	58	-103	78	43
Tax %	65.61	39.60	90.56	-2.20	-10.22	58.25	48.65	102.95	51.67	43.22
Net Profit	4.32	24	2.42	-46	-61	11	30	3.02	38	24
EPS in Rs	—	8.82	0.75	-15.88	-20.84	3.66	10.93	1.09	2.30	15.78
Dividend Payout %	145.99	56.07	410.63	0.00	0.00	0.00	0.00	0.00	58.74	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	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
Borrowings	292	338	336	364	397	470	585	668	728	813
Other Liabilities	259	292	336	343	341	380	417	439	385	785
Total Liabilities	701	787	902	937	922	1,032	1,230	1,349	1,369	2,269
Fixed Assets	361	365	387	386	382	415	477	490	453	693
CWIP	7.39	28	16	16	50	31	18	29	27	73
Investments	0.00	0.00	0.00	0.60	0.60	0.60	1.46	1.46	1.92	6.69
Other Assets	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

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	31	88	65	45	69	46	-5.65	88	120	316
Cash from Investing Activity	-74	-77	-78	-60	-103	-80	-124	-106	-110	-147
Cash from Financing Activity	43	-6.72	14	26	34	21	134	35	-14	-176
Net Cash Flow	-0.03	3.92	1.48	11	0.43	-13	4.99	17	-3.64	-7.17

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
RML	741.25	2,041 Cr	42.44	3.00	0.64	7.07	11.38	1.95
NDRAUTO	828.75	1,993 Cr	34.23	6.15	0.33	17.47	20.08	10.95
DIVGIITTS	593.60	1,811 Cr	59.80	2.98	0.44	4.98	6.82	4.39
TALBROAUTO	289.00	1,763 Cr	18.43	2.59	0.25	14.05	17.37	9.47
RICOAUTO	123.00	1,617 Cr	36.88	2.15	0.42	5.69	8.38	2.13
PRECAM	152.90	1,483 Cr	44.24	1.82	0.64	4.11	6.54	6.36
BHARATSE	177.05	1,113 Cr	29.26	5.39	0.62	18.41	17.98	5.49

Overview

Detailed Summary

Recently, Rane (Madras) Limited merged with Rane Engine Valve Ltd and Rane Brake Lining Ltd, aiming to strengthen product scope and operational efficiency through consolidation.

International expansion is emphasized with a manufacturing facility in Mexico, catering to a global customer base across 30+ countries, highlighting their market penetration.

The company's aftermarket business experienced 17% growth, partially due to strategic restructuring, showing their adaptive approach to changing market conditions.

Sector

Auto Ancillaries

Industry

Auto Ancillaries - Others

Market Cap

2,041 Cr

Volatility

Moderate Risk

P/E Ratio

42.4

Industry P/E

37.3

PEG Ratio

4.0

P/B Ratio

3.0

52W High

1,054.55

52W Low

577.95

Sales CAGR

-1.46%

29.87%

25.35%

10Y

15.31%

Profit CAGR

-31.25%

10.66%

—

10Y

15.01%

ROE

TTM

7.07%

-0.64%

-1.07%

10Y

2.15%

ROCE

TTM

11.38%

5.46%

5.39%

10Y

8.89%

Rane Madras Ltd

Rane (Madras) Ltd

RML

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Investment Checklist

Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

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Technicals

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Peers

Price Chart Comparison

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Shareholdings

Shareholding History

Market Transactions

Projection

Actions

Announcements

Documents

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Technicals

Forecasts

Projection

Shareholdings

Shareholding History

Market Transactions

Documents

Oscillators

Bullish

Overall

Bearish

Moving Averages

Bearish

Overall

Bearish

Financial Statements

AI Powered Summary

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Rane (Madras) Ltd

RML

AI Mode

Peers

Price Chart Comparison

Overview

Sector

Industry

Market Cap

Volatility

P/E Ratio

Industry P/E

PEG Ratio

P/B Ratio

52W High

52W Low

Investment Checklist

Announcements