MarketFriction

Rane (Madras) Ltd

NSE RML · BSE 532661 · Auto Components & Equipments
₹1,343.20 -0.64%
NSE close2026-10-01
52 week range608.50 - 1,440.00
Market cap₹3,818 Cr.
P/E31.6
Results 03-11 Price band 20% Delivery 26.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales6115218538188498379018819191,0151,0481,042
Expenses579474784753777771823806841924952955
Operating Profit324769657266797579919687
OPM %5%9%8%8%9%8%9%8%9%9%9%8%
Other Income-851-4622-832349
Interest131516171820181715151215
Depreciation242133323233363637363839
Profit before tax-901316212415172530434941
Tax %-120%29%31%32%34%97%62%25%28%29%24%27%
Net Profit189111516071921313730
EPS in Rs10.935.596.628.999.910.244.016.707.7711.0413.3710.89
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8761,1951,4001,5551,2771,2671,7422,3543,4633,4063,8634,024
Expenses7971,1061,2731,4381,2301,2361,6672,1713,1933,1223,5223,672
Operating Profit7989127117473175184270284341352
OPM %9%7%9%8%3.7%2.5%4.3%8%8%8%9%9%
Other Income-211910127526-10221218
Interest193034353828213568766058
Depreciation4157616666668197132132147151
Profit before tax17134026-45-552658-3278146162
Tax %27%66%40%91%2%10%58%49%-269%52%26%
Net Profit134242-46-6111305538107119
EPS in Rs12.054.1120.872.02-36.26-41.986.5518.4633.6723.1538.8943.07
Dividend Payout %37%146%58%420%0%0%0%0%0%35%41%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth16%25%18%16%
Compounded Profit Growth22%30%47%188%
Stock Price CAGR11%29%15%69%
Return on Equity9%15%18%15%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1111121213151616161628
Reserves140147218218171167212225642655723
Borrowings338362357417470470585668851813752
Other Liabilities2122673152902683804174396137851,018
Total Liabilities7017879029379221,0321,2301,3492,1222,2692,521
Fixed Assets361365386386382415477490667693739
CWIP728161650311829457395
Investments000111111178
Other Assets3333944995354895867338291,3981,4961,679
Total Assets7017879029379221,0321,2301,3492,1222,2692,521
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity318865456946-688191316219
Cash from Investing Activity-74-77-78-60-103-80-124-106-148-14610
Cash from Financing Activity43-71426342113435-55-176-207
Net Cash Flow-041110-13517-12-623
Free Cash Flow-4410-13-15-34-34-106-20-215984
CFO/OP47%103%62%56%164%176%12%67%85%111%78%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days6757645855787465637675
Inventory Days7576737180817667828180
Days Payable117118123899715011591839388
Cash Conversion Cycle251514393893541626467
Working Capital Days-36-33-16-16-36-42-20-143-6-17
ROCE %9%13%10%-1%-4%-0%12%12%11%14%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters72.65%72.65%72.65%72.65%72.65%72.65%72.65%70.45%70.45%70.45%70.45%70.45%
FIIs0.01%0.00%0.01%0.01%0.21%0.08%0.09%0.03%0.04%0.05%0.06%0.33%
DIIs0.50%0.63%0.47%0.00%0.13%0.13%0.12%1.04%1.04%1.03%0.97%0.79%
Public26.86%26.73%26.88%27.35%27.01%27.15%27.15%28.48%28.48%28.48%28.51%28.43%
No. of Shareholders14,59413,33113,43212,83013,34513,54713,57233,74832,12730,90729,85628,932

Fundamentals

Market Cap₹ 3,818 Cr.
Current Price₹ 1,381
Stock P/E31.6
Book Value₹ 272
ROCE14.0 %
ROE15.4 %
Dividend Yield1.16 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)16%
Compounded Profit Growth (TTM)188%
Consolidated figures.
Valuation
Market capRs 3,712 Cr
Enterprise valueRs 4,417 Cr
P/E (TTM)31.18x
Price to book4.95x
Price to sales0.92x
EV / EBITDA11.92x
EV / EBIT20.10x
EV / sales1.10x
Price to cash flow16.95x
Earnings yield3.21%
Dividend yield1.19%
P/E, 3-year average21.19x
P/B, 3-year average1.84x
P/E, 5-year average27.83x
P/B, 5-year average2.15x
Profitability
Operating margin (excl. other income)8.83%
Operating margin (incl. other income)9.14%
EBITDA margin9.20%
Pre-tax margin4.03%
Net profit margin2.96%
Net margin, latest quarter2.89%
ROE15.12%
ROCE13.80%
ROA4.49%
ROE, 3-year average10.99%
ROCE, 3-year average9.01%
ROA, 3-year average3.12%
ROE, 5-year average10.19%
ROCE, 5-year average8.83%
ROA, 5-year average2.53%
ROIC (approx.)11.13%
Tax rate26.26%
Other income / net worth1.63%
Growth
Sales growth (latest year)13.42%
Profit growth (latest year)185.47%
Sales CAGR, 3 years17.94%
Sales CAGR, 5 years24.97%
Profit CAGR, 3 years52.98%
Sales growth QoQ-0.60%
Profit growth QoQ-18.56%
Sales growth YoY (latest quarter)18.29%
Profit growth YoY (latest quarter)62.44%
Per share
EPS (TTM)Rs 43.08
EPS (latest year)Rs 38.89
EPS (latest quarter)Rs 10.89
EPS, 3-year averageRs 31.90
EPS, 5-year averageRs 24.14
Book value per shareRs 271.58
Sales per shareRs 1,455.99
Cash flow per shareRs 79.27
Free cash flow per shareRs 30.39
Dividend per share (latest year)Rs 16.00
Dividend per share, 3-year averageRs 12.00
Dividend per share, 5-year averageRs 12.00
Dividends
Dividend payout41.14%
Dividend payout, 3-year average37.86%
Dividend payout, 5-year average37.86%
Efficiency
Asset turnover1.53x
Fixed asset turnover5.23x
Inventory turnover5.45x
Inventory days67 days
Debtor days75 days
Debtors turnover4.85x
Creditor days88 days
Cash conversion cycle67 days
Working capital days-17 days
Leverage
Total debtRs 752 Cr
Cash and bankRs 47 Cr
Net debtRs 705 Cr
Debt to equity1.00x
Net debt / EBITDA1.90x
Interest coverage3.81x
Current ratio (filing 2026-03-31)0.92x
Quick ratio (filing 2026-03-31)0.60x
Trade payables (filing 2026-03-31)Rs 551 Cr
Owners' fund to total sources29.77%
Debt to assets29.83%
Cash flow
Cash from Operating Activity (latest year)Rs 219 Cr
Cash from Investing Activity (latest year)Rs 10 Cr
Cash from Financing Activity (latest year)Rs -207 Cr
Net Cash Flow (latest year)Rs 23 Cr
Free cash flow (latest year)Rs 84 Cr
FCFE (approx.: FCF + change in debt)Rs 23 Cr
Cash from ops / profit, 5 years3.35x
Sales to cash flow17.63x
Statement figures
Net sales (TTM)Rs 4,024 Cr
Net sales (latest year)Rs 3,863 Cr
Sales (latest quarter)Rs 1,042 Cr
Operating profit excl. other income (latest year)Rs 341 Cr
Operating profit (latest quarter)Rs 87 Cr
Other income (TTM)Rs 18 Cr
EBITDA (TTM)Rs 370 Cr
PBDT (TTM)Rs 313 Cr
Profit before tax (TTM)Rs 162 Cr
Tax (latest year)Rs 38 Cr
Net profit (TTM)Rs 119 Cr
Net profit (latest year)Rs 107 Cr
Net profit (latest quarter)Rs 30 Cr
Depreciation (TTM)Rs 151 Cr
Depreciation (latest quarter)Rs 39 Cr
Interest (TTM)Rs 58 Cr
Cost of goods sold (latest year)Rs 2,707 Cr
Total expenditure (latest year)Rs 3,522 Cr
Total income (latest year)Rs 3,875 Cr
Share capitalRs 28 Cr
ReservesRs 723 Cr
Shareholders' fundsRs 751 Cr
Total assetsRs 2,521 Cr
Net blockRs 739 Cr
Capital work in progressRs 95 Cr
InvestmentsRs 8 Cr
ReceivablesRs 796 Cr
InventoryRs 497 Cr
Other liabilitiesRs 1,018 Cr
Shares outstanding (crore)2.76
Ownership
Promoter holding70.45% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 31.2 is at the 9th percentile of its own 6.8-year range (median 67.2, low 22.2, high 380.9).
P/B 4.95 is at the 53th percentile (median 4.77).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRMLNifty 50Difference
1 week-1.4%-2.8% +1.3 pts
1 month+20.2%-6.8% +27.0 pts
3 months+11.3%-7.6% +18.9 pts
6 months+116.6%+0.4% +116.2 pts
1 year+59.8%-9.9% +69.7 pts
2 years+12.5%-13.6% +26.1 pts
3 years+47.2%+14.2% +33.1 pts
5 years+246.4%+27.9% +218.5 pts

Red flags

F-score 7 of 8
explainShare dilution Share count up 69% in a year, 69% in three
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,042 Cr +18.3% vs Jun 2025. Net profit ₹30 Cr +57.9%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Samvardhana Motherson International Ltd167,35136.613.4 %
Bosch Ltd134,79757.021.5 %
Bharat Forge Ltd94,90094.012.6 %
Uno Minda Ltd67,10254.919.6 %
Schaeffler India Ltd61,27147.527.9 %
Sona BLW Precision Forgings Ltd50,90765.515.1 %
Tube Investments of India Ltd46,70974.517.1 %
Endurance Technologies Ltd37,34337.917.8 %
Exide Industries Ltd34,59536.98.54 %
Dhoot Transmission Ltd30,77668.724.4 %
Craftsman Automation Ltd27,47558.713.9 %
Sansera Engineering Ltd27,22878.113.7 %
ZF Commercial Vehicle Control System India Ltd26,15053.219.1 %
Asahi India Glass Ltd24,42154.711.5 %
Sundram Fasteners Ltd24,02238.717.6 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-07-29Dividend - Rs 16 Per Share
2025-07-29Dividend - Rs 8 Per Share
2021-07-12 Annual General Meeting
2020-07-30 Annual General Meeting
2019-07-16 Annual General Meeting/Dividend Rs 4.50 Per Sh
2019-01-31 Interim Dividend - Rs 4 Share
2018-07-17 Annual General Meeting/Dividend- Rs 7.50 Per Share
2018-02-01 Interim Dividend - Rs 4.50 Per Share
2017-08-14 Dividend - Rs 4/- Per Share
2017-02-02 Interim Dividend Rs 2/- Per Share
2016-03-17 Interim Dividend - Rs 4.50/- Per Share (Purpose Revised)
2015-07-22Annual General Meeting / Dividend - Rs. 4.50/- Per Share
2014-07-24Annual General Meeting / Dividend - Rs 5.50/- Per Share
2013-07-11Annual General Meeting And Dividend Rs.5/- Per Share
2013-01-31Interim Dividend Rs 2 Per Share
2012-07-05Annual General Meeting/Dividend Rs 4 Per Share
2012-02-07Interim Dividend Rs.5.50 Per Share
2011-07-14Dividend- Rs.2.50 Per Share
2011-02-02Interim Dividend-Rs.4.50 Per Share
2010-07-12Final Dividend-Rs.2/- Per Share
2010-01-21Int Div-Rs.2.50 Per Sharepurpose Revised
2009-07-16Annual General Meeting
2008-07-17Annual General Meeting
2008-03-18Int Div- Rs.6/- Per Share
2007-07-19Agm
2007-03-232nd Int Div-Rs.2/- Per Shpurpose Revised
2007-01-25Int Div-Rs.2/- Per Share Purpose Revised
2006-07-13Final Dividend-15%
DateTypeWhat it says
2026-09-30Sale or disposalThe Company has provided update with regard to Sale of Surplus Land Parcel (3.48 acres) located at Velachery, Chennai.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 months

Quick answers

What is the market cap of Rane (Madras) Ltd?

Rane (Madras) Ltd (RML) has a market capitalisation of Rs 3,818 Cr. at the 2026-10-01 close.

What is the P/E ratio of Rane (Madras) Ltd?

Rane (Madras) Ltd trades at a P/E of 31.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Rane (Madras) Ltd's latest quarterly results?

In the Jun 2026 quarter, Rane (Madras) Ltd sales was Rs 1,042 Cr (+18.3% vs Jun 2025) and net profit was Rs 30 Cr.

What is the 52-week high and low of Rane (Madras) Ltd?

The 52-week high is Rs 1,440.00 and the 52-week low is Rs 608.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03