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    Producer manufacturing

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    Auto parts: OEM
Rane (Madras) Limited

Rane (Madras) Limited

1,200.00
INR
-58.90
(-4.68%)
42.87EPS
26.77P/E
31.87BMarket Cap
Rane (Madras) Limited
BSE:RML
(Bombay Stock Exchange)

Recent

price

1,200.00

P/E

ratio

26.77

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
-47.07
659.92
629.54
691.3
741.04
846.68
1,126.93
1,247.67
1,318.46
1,056.48
972.31
1,119.38
1,422.51
1,234.75
1,217.62
1,381.6
1,455.83
Revenue per Share
24.18
26.96
23.04
15.96
11.84
12.05
4.11
21.79
2.07
-37.96
-47.66
6.97
18.46
19.81
13.62
38.89
43.07
Basic EPS, GAAP
-24.36
-13.88
69.23
42.96
63.83
29.83
9.15
-12.31
-14.24
-29.43
-27.03
-34.25
-12.71
-1.21
47.47
10.14
- -
Free Cash Flow per Basic Share
7.58
9.49
7
4.83
6.03
9.53
2
8.48
11.53
4.49
- -
- -
- -
6.99
9.7
7.97
- -
Dividend per Share
96.98
113.2
127.97
141.24
146.26
144.03
149.56
197.92
192.26
146.46
124.88
140.26
148.57
404.45
412.47
271.58
- -
Book Value per Share
96.98
113.1
127.61
132.77
139.9
135.53
140.32
189.67
184.56
142.76
121.9
134.85
144.65
400.17
407.5
270.45
- -
Tangible Book Value per Share
10
10
10
11
11
11
11
11
12
12
13
15
16
28
28
28
28
Basic Weighted Avg Shares
-478
6,708
6,399
7,266
7,789
8,899
11,845
13,871
15,425
12,670
12,473
17,117
23,138
34,125
33,651
38,184
40,240
Sales/Revenue/Turnover
898.75
6.98
6.18
5.95
4.52
4.63
3.22
4.85
3.78
-1.58
-2.37
0.02
3.86
5.09
5.28
5.3
5
Operating Margin (%)
93
138
168
251
334
409
572
614
660
659
661
611
966
1,319
1,323
1,470
1,507
Depreciation Expense
246
274
234
168
124
127
43
242
24
-455
-611
107
300
548
377
1,075
1,191
Net Income, GAAP
20.3
26.28
22.09
14.74
26.13
26.64
65.61
39.6
90.56
- -
- -
58.25
48.65
- -
51.67
26.26
26.51
Effective Tax Rate (%)
-51.37
4.08
3.66
2.31
1.6
1.42
0.36
1.75
0.16
-3.59
-4.9
0.62
1.3
1.6
1.12
2.81
2.96
Profit Margin (%)
572
-3
-82
-460
-839
-1,029
-1,018
-544
-519
-1,082
-1,385
-816
-617
623
-202
-1,340
- -
Working Capital
778
399
296
439
510
1,366
1,601
1,506
1,414
2,035
1,973
2,416
2,522
3,293
2,619
1,413
- -
LT Debt
986
1,151
1,301
1,485
1,537
1,514
1,572
2,297
2,302
1,839
1,819
2,281
2,417
6,579
6,709
7,506
- -
Total Equity
-232.77
14.1
10.78
6.6
3.98
2.93
0.17
7.37
0.89
- -
- -
2.63
4.61
- -
4.72
9.71
- -
Return on Invested Capital (%)
19.51
18.58
10.85
10.86
7.37
5.91
2.58
7.35
0.86
- -
- -
2.46
5.47
- -
4.89
10.02
- -
Return on Capital (%)
27.15
25.65
19.11
12.05
8.23
8.3
2.8
12.52
1.05
-21.99
-33.43
5.2
12.78
12.18
5.67
15.12
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
6,107
- -
LT Borrowings
- -
483
- -
LT Finance Leases
- -
930
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
28
28
28
Market Capitalization
21,882
17,179
31,870

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
14,616
- -
Cash, Cash Equivalents & STI
- -
508
- -
Accounts Receivable, Net
- -
7,958
- -
Inventories
- -
4,969
- -
Total Current Liabilities
- -
15,956
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
6,107
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
24.64%
43.49%
11.88%
Free Cash Flow
-438%
-840.03%
-78.64%
Net Income, GAAP
-134.11%
60.16%
185.47%
Sales/Revenue/Turnover
17.4%
26.4%
13.47%
Total Cash Common Dividend
- -
- -
-17.87%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
8,178
8,493
8,374
9,013
33,651
2026
8,806
9,193
10,152
10,479
38,184
2027
10,416
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
8.99
9.91
0.24
4.01
13.62
2026
6.7
7.77
11.04
13.37
38.89
2027
10.89
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
9.7
2026
- -
- -
- -
- -
7.97
2027
- -
- -
- -
- -
- -
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Business
Rane (Madras) Limited is an India-based company primarily engaged in the manufacture and distribution of steering and suspension systems for the automotive industry. The company offers a wide range of products including Manual Steering Gear Products (SGP), Suspension and Steering Linkage Products (SSLP), tie rod assemblies, drag link assemblies, center link assemblies, and gear shift ball joints. It operates manufacturing plants in Hyderabad, Trichy, and Tumakuru, producing valves for passenger cars, commercial vehicles, two-wheelers, farm tractors, and industrial applications including power generation and marine engines. The company serves original equipment manufacturers (OEMs) and the aftermarket segments, targeting the automotive and commercial vehicle industries across India and other markets. Founded in 2004 and headquartered in Chennai, Tamil Nadu, Rane (Madras) Limited is part of the larger Rane Group, a prominent automotive component supplier in India. In recent developments, the company has unified its aftermarket operations by merging multiple Rane entities under the single umbrella of the Aftermarket Products Division to enhance operational efficiency, focus, and speed of market delivery. This strategic consolidation supports an ambitious growth plan to double the aftermarket business within the next three years. The company is launching new product lines across eight categories, expanding its range of parts in the aftermarket segment. This move follows the impact of GST 2.0, which is expected to reduce product prices, increase demand, and help combat spurious parts in the Indian automotive aftermarket. Additionally, Rane (Madras) Limited has completed the merger of the erstwhile Rane Brake Lining Limited into the company, streamlining its operations further. The company continues to invest in engineering innovation and expanding its product portfolio to strengthen its position in both the OEM and aftermarket segments. Recent financial updates also note steady dividend payouts and ongoing management restructuring to support growth ambitions. Rane (Madras) Limited remains a significant player in the automotive components industry, focusing on steering and suspension systems, aftermarket product expansion, and operational consolidation to drive future growth and market competitiveness with a robust engineering and quality focus across India and beyond.