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    Consumer Cyclical

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    Auto - Parts
Rane (Madras) Limited

Rane (Madras) Limited

RML.BO
Rane (Madras) LimitedIN flagBombay Stock Exchange
1,226.20
INR
-21.30
- -
33.99BMarket Cap
Rane (Madras) Limited
RML.BO
(Bombay Stock Exchange)

Recent

price

1,226.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
-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
2,093.88
1,397.74
1,397.37
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
23.15
38.89
38.88
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
80.66
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
16.48
7.97
- -
Dividend per Share
10
50.26
62.83
76.24
23.89
15.35
18.9
21.62
-20.9
-90.9
-126.78
-97.92
-72.79
-33.07
-48.69
10
10
Book Value per Share
96.98
113.1
127.61
132.77
139.9
135.53
140.32
198.03
188.89
149.45
138.41
143.43
144.65
235.51
407.5
270.46
270.38
Tangible Book Value per Share
10
10
10
11
11
11
11
11
12
12
13
15
16
28
16
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
34,058
38,629
38,629
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
4.4
4.99
4.99
Operating Margin (%)
93
138
168
251
334
409
572
614
660
659
661
611
966
1,319
1,323
1,470
1,470
Depreciation Expense
246
274
234
168
124
127
43
242
24
-455
-611
107
300
548
376
1,075
1,075
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
26.26
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
1.11
2.78
2.78
Profit Margin (%)
572
-3
-82
-460
-839
-1,030
-1,018
-544
-519
-1,082
-1,385
-816
-617
623
-202
-1,340
-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
1,413
LT Debt
986
1,151
1,301
1,484
1,537
1,514
1,572
2,297
2,302
1,839
1,819
2,281
2,416
6,578
6,709
7,506
7,506
Total Equity
-230.37
17.76
14.28
14.65
8.7
7.5
2.6
7.34
0.89
- -
- -
0.02
5.36
- -
4.9
9.6
9.6
Return on Invested Capital (%)
42.42
30.57
15.54
14.81
11
8.77
3.52
10.63
1.37
- -
- -
4.86
9.57
- -
9.87
19.98
19.98
Return on Capital (%)
241.8
89.46
40.75
23.31
23.64
61.45
24
110.32
- -
- -
- -
- -
- -
- -
- -
- -
213.66
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
7,139
- -
6,107
LT Borrowings
732
- -
483
LT Finance Leases
453
- -
930
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
28
- -
28
Market Capitalization
17,849
19,635
17,184

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
13,971
- -
14,616
Cash, Cash Equivalents & STI
790
- -
881
Accounts Receivable, Net
7,343
- -
7,958
Inventories
5,051
- -
4,969
Total Current Liabilities
15,816
- -
15,956
Payables & Accruals
- -
- -
- -
ST Debt
7,139
- -
6,107
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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
17.51%
26.62%
13.42%
Total Cash Common Dividend
- -
- -
-17.87%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,883
6,112
5,210
4,803
34,125
2025
8,178
8,493
8,374
9,013
34,058
2026
8,806
9,193
10,152
10,479
38,629

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-8.9
10.93
5.59
- -
19.81
2025
8.99
9.91
0.24
4.01
23.15
2026
6.7
7.77
11.04
13.37
38.89

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
6.99
2025
- -
- -
- -
- -
16.48
2026
- -
- -
- -
- -
7.97
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Business
Rane (Madras) Limited manufactures automotive components, primarily steering and suspension systems, linkage products, steering gears, aluminum high-pressure die-casting products, brake components, and engine components including valves, valve guides, and tappets for passenger vehicles, commercial vehicles, farm tractors, two-wheelers, locomotives, marine applications, and stationary engines; it supplies OEMs such as Hyundai, Ashok Leyland, Daimler, John Deere, Volkswagen, BMW, Volvo, and Yamaha across India, Europe, North America, and Far East markets. Founded in 1959 and headquartered in Chennai, India, the company operates five manufacturing plants in Chennai (Ponneri), Hyderabad, Trichy, Tumakuru, and additional facilities in Tamil Nadu, Karnataka, Pondicherry, and Uttarakhand, with exports to over 30 countries and certifications including ISO 9001:2015, IATF 16949:2016, and Deming Prize recipient in 2005. In recent developments, Rane (Madras) received National Company Law Tribunal (NCLT) approval in March 2025 for the merger of Rane Brake Lining Limited and Rane Engine Valve Limited into itself, simplifying group structure, unlocking synergies, and creating a larger entity with combined turnover exceeding Rs 3,373 crore on a proforma basis as of late 2023; additionally, in June 2025, it monetized 3.48 acres of land in Velachery, Chennai, to Canopy Living LLP for debt reduction and operational consolidation, retaining 1.02 acres for a new centralized office facility.