Rane Holdings Ltd.

•

₹ 1,615.62.18%

2026-08-21

ranegroup.comBSE: 505800NSE: RANEHOLDIN

Market Cap₹ 2,265 Cr.

Current Price₹ 1,616

High / Low₹ 1,894 / 981

Stock P/E0.0

Book Value₹ 463

Price to Book2.18

Dividend Yield2.96 %

ROCE14.0 %

ROE13.4 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company has delivered good profit growth of 128.4% CAGR over last 5 years
Solid return on assets for a lender - ROA of 12.1%
Latest quarter profit grew 39.9% YoY, showing strong momentum
Company has delivered good sales growth of 20.6% CAGR over last 5 years
Company has a consistent dividend-paying track record
Company generates healthy free cash flow

CONS

Effective tax rate is unusually low at 5.9% - earnings may be flattered
Operating margins have contracted to 56.7% from 61.1%
Growth is decelerating - 3Y profit CAGR (20.5%) trails the 5Y trend (128.4%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Financial ServicesFinanceFinance - Investment

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	BAJAJFINSV	2016.50	31.85	323055.67	0.07	6296.67	18.15	42036.90	92.22	11.88	40.79
2.	AIIL	531.75	21.52	45157.57	0.00	11082.20	1075.19	14695.40	1109.37	30.27	88.91
3.	CHOLAHLDNG	1574.30	11.08	29561.81	0.08	1788.99	42.04	11113.57	42.92	10.52	57.53
4.	TVSHLTD	13962.45	14.34	28248.97	0.62	1173.58	73.77	17076.18	40.01	19.39	16.25
5.	CGCL	225.40	19.23	21686.95	0.09	353.38	102.04	1576.47	62.12	11.18	68.54
6.	MAHSCOOTER	13117.20	0.00	14991.08	1.68	3.32	-90.61	5.41	-81.52	1.06	84.10
7.	JSWHL	11490.30	92.84	12753.80	0.00	24.54	-92.74	34.58	14.97	0.58	92.45
8.	JMFINANCIL	129.15	11.88	12359.14	2.52	368.57	-19.66	1200.53	9.69	11.91	58.30
9.	TSFINV	424.70	19.38	9432.75	2.63	124.95	-92.11	305.57	102.23	3.47	53.35
10.	RELIGARE	231.95	145.56	7996.10	0.00	-46.98	-674.86	2353.40	1051.76	11.46	-2.08
11.	KAMAHOLD	2422.00	8.35	7772.34	1.71	584.02	10.80	4657.56	7.07	20.86	22.01
12.	RANEHOLDIN	1586.40	26.82	2265.03	2.96	48.27	-16.04	1586.88	18.35	12.19	7.73

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	26	69	26	26	57	36	23	25	26	76	28	36	28
	13	14	13	12	13	16	14	14	17	20	18	17	18
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	0	0	2	1	1	1	0	1	2	1	1	2	1
Interest	1	1	1	1	0	0	0	1	1	1	1	1	1
Depreciation	1	1	1	1	1	2	2	1	1	1	1	1	1
	8	53	12	13	43	19	7	9	8	54	9	19	11
Tax %	20.37%	14.57%	14.93%	14.56%	14.40%	16.52%	14.54%	7.61%	11.67%	11.82%	6.96%	-13.29%	12.41%
Net Profit	6	45	11	11	37	16	6	9	7	47	8	22	10
	4	32	7	8	26	11	4	6	5	33	6	15	1
Equity Capital	14	14	14	14	14	14	14	14	14	14	14	14	14
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	14	14	14	14	14	14	14	14	14	14	14	14	14
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 26
: 13
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: 8
Tax %: 20.37%
Net Profit: 6
: 4
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 69
: 14
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 1
Depreciation: 1
: 53
Tax %: 14.57%
Net Profit: 45
: 32
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 26
: 13
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 1
Depreciation: 1
: 12
Tax %: 14.93%
Net Profit: 11
: 7
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 26
: 12
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 1
: 13
Tax %: 14.56%
Net Profit: 11
: 8
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 57
: 13
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 1
: 43
Tax %: 14.40%
Net Profit: 37
: 26
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 36
: 16
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 0
Depreciation: 2
: 19
Tax %: 16.52%
Net Profit: 16
: 11
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 23
: 14
Operating Profit: —
OPM %: —
Other Income: 0
Interest: 0
Depreciation: 2
: 7
Tax %: 14.54%
Net Profit: 6
: 4
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 25
: 14
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 1
: 9
Tax %: 7.61%
Net Profit: 9
: 6
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 26
: 17
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 1
Depreciation: 1
: 8
Tax %: 11.67%
Net Profit: 7
: 5
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 76
: 20
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 1
: 54
Tax %: 11.82%
Net Profit: 47
: 33
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 28
: 18
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 1
: 9
Tax %: 6.96%
Net Profit: 8
: 6
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 36
: 17
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 1
Depreciation: 1
: 19
Tax %: -13.29%
Net Profit: 22
: 15
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 28
: 18
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 1
Depreciation: 1
: 11
Tax %: 12.41%
Net Profit: 10
: 1
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 14
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	71	96	116	97	65	89	118	147	141	166	168
	32	35	38	35	29	35	46	52	57	72	73
Operating Profit	67	62	91	62	37	74	72	99	87	100	—
OPM %	94	65	78	64	56	84	61	67	62	60	—
Other Income	28	2	13	0	1	20	1	4	3	6	5
Interest	3	2	2	2	3	6	6	5	2	5	4
Depreciation	1	1	1	3	3	3	4	5	6	5	5
	63	59	87	57	15	48	59	86	79	90	93
Tax %	21	17	13	11	91	29	18	15	14	6	6
Net Profit	50	49	76	51	1	34	48	73	68	85	87
EPS	0	0	0	0	1	24	34	51	48	59	—
Dividend Payout %	24	42	36	22	0	51	50	49	80	79	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	35	34	53	36	1	24	34	51	48	59	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	35	34	53	36	1	24	34	51	48	59	—

Mar 2017

: 71
: 32
Operating Profit: 67
OPM %: 94
Other Income: 28
Interest: 3
Depreciation: 1
: 63
Tax %: 21
Net Profit: 50
EPS: 0
Dividend Payout %: 24
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 35
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 35

Mar 2018

: 96
: 35
Operating Profit: 62
OPM %: 65
Other Income: 2
Interest: 2
Depreciation: 1
: 59
Tax %: 17
Net Profit: 49
EPS: 0
Dividend Payout %: 42
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 34
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 34

Mar 2019

: 116
: 38
Operating Profit: 91
OPM %: 78
Other Income: 13
Interest: 2
Depreciation: 1
: 87
Tax %: 13
Net Profit: 76
EPS: 0
Dividend Payout %: 36
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 53
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 53

Mar 2020

: 97
: 35
Operating Profit: 62
OPM %: 64
Other Income: 0
Interest: 2
Depreciation: 3
: 57
Tax %: 11
Net Profit: 51
EPS: 0
Dividend Payout %: 22
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 36
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 36

Mar 2021

: 65
: 29
Operating Profit: 37
OPM %: 56
Other Income: 1
Interest: 3
Depreciation: 3
: 15
Tax %: 91
Net Profit: 1
EPS: 1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2022

: 89
: 35
Operating Profit: 74
OPM %: 84
Other Income: 20
Interest: 6
Depreciation: 3
: 48
Tax %: 29
Net Profit: 34
EPS: 24
Dividend Payout %: 51
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 24
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 24

Mar 2023

: 118
: 46
Operating Profit: 72
OPM %: 61
Other Income: 1
Interest: 6
Depreciation: 4
: 59
Tax %: 18
Net Profit: 48
EPS: 34
Dividend Payout %: 50
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 34
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 34

Mar 2024

: 147
: 52
Operating Profit: 99
OPM %: 67
Other Income: 4
Interest: 5
Depreciation: 5
: 86
Tax %: 15
Net Profit: 73
EPS: 51
Dividend Payout %: 49
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 51
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 51

Mar 2025

: 141
: 57
Operating Profit: 87
OPM %: 62
Other Income: 3
Interest: 2
Depreciation: 6
: 79
Tax %: 14
Net Profit: 68
EPS: 48
Dividend Payout %: 80
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 48
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 48

Mar 2026

: 166
: 72
Operating Profit: 100
OPM %: 60
Other Income: 6
Interest: 5
Depreciation: 5
: 90
Tax %: 6
Net Profit: 85
EPS: 59
Dividend Payout %: 79
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 59
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 59

TTM

: 168
: 73
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 4
Depreciation: 5
: 93
Tax %: 6
Net Profit: 87
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 8%
5 Years:: 21%
3 Years:: 12%

COMPOUNDED PROFIT GROWTH

10 Years:: 9%
5 Years:: 128%
3 Years:: 21%

STOCK PRICE CAGR

10 Years:: 9%
5 Years:: 20%
3 Years:: 17%
1 Year:: 7%

RETURN ON EQUITY

10 Years:: 11%
5 Years:: 11%
3 Years:: 13%
Last Year:: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	14	14	14	14	14	14	14	14	14	14
	335	367	417	445	454	491	522	564	601	637
	7	9	5	0	0	13	11	0	0	0
Trade Payables	3	1	2	1	2	2	3	2	3	3
	13	25	23	42	91	70	61	15	76	46
Total Liabilities	372	417	461	502	562	591	612	596	694	700
ASSETS	-	-	-	-	-	-	-	-	-	-
	89	88	88	105	103	102	106	67	65	62
Capital Work in Progress	2	4	10	0	0	0	0	0	0	0
	252	302	337	373	434	475	479	495	548	577
	0	0	0	0	0	0	0	11	11	17
Cash & Bank	4	1	1	2	1	1	3	4	3	5
	25	22	26	23	23	13	24	19	66	38
Total Assets	372	417	461	502	562	591	612	596	694	700
Total Debt	15	28	19	35	77	69	56	0	60	31
Net Working Capital	52	6	0	-0	3	-14	0	31	36	13
Contingent Liabilities	13	13	20	11	1	1	6	1	2	2
Book Value per Share	244.94	267.29	301.83	321.79	328.12	353.94	375.60	404.66	430.88	456.15
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	15	28	19	35	77	69	56	0	60	31
Net Working Capital	52	6	0	-0	3	-14	0	31	36	13
Contingent Liabilities	13	13	20	11	1	1	6	1	2	2
Book Value per Share	244.94	267.29	301.83	321.79	328.12	353.94	375.60	404.66	430.88	456.15
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2017

Equity Capital: 14
: 335
: 7
Trade Payables: 3
: 13
Total Liabilities: 372
: 89
Capital Work in Progress: 2
: 252
: 0
Cash & Bank: 4
: 25
Total Assets: 372
Total Debt: 15
Net Working Capital: 52
Contingent Liabilities: 13
Book Value per Share: 244.94
Face Value: 10.00
Total Debt: 15
Net Working Capital: 52
Contingent Liabilities: 13
Book Value per Share: 244.94
Face Value: 10.00

Mar 2018

Equity Capital: 14
: 367
: 9
Trade Payables: 1
: 25
Total Liabilities: 417
: 88
Capital Work in Progress: 4
: 302
: 0
Cash & Bank: 1
: 22
Total Assets: 417
Total Debt: 28
Net Working Capital: 6
Contingent Liabilities: 13
Book Value per Share: 267.29
Face Value: 10.00
Total Debt: 28
Net Working Capital: 6
Contingent Liabilities: 13
Book Value per Share: 267.29
Face Value: 10.00

Mar 2019

Equity Capital: 14
: 417
: 5
Trade Payables: 2
: 23
Total Liabilities: 461
: 88
Capital Work in Progress: 10
: 337
: 0
Cash & Bank: 1
: 26
Total Assets: 461
Total Debt: 19
Net Working Capital: 0
Contingent Liabilities: 20
Book Value per Share: 301.83
Face Value: 10.00
Total Debt: 19
Net Working Capital: 0
Contingent Liabilities: 20
Book Value per Share: 301.83
Face Value: 10.00

Mar 2020

Equity Capital: 14
: 445
: 0
Trade Payables: 1
: 42
Total Liabilities: 502
: 105
Capital Work in Progress: 0
: 373
: 0
Cash & Bank: 2
: 23
Total Assets: 502
Total Debt: 35
Net Working Capital: -0
Contingent Liabilities: 11
Book Value per Share: 321.79
Face Value: 10.00
Total Debt: 35
Net Working Capital: -0
Contingent Liabilities: 11
Book Value per Share: 321.79
Face Value: 10.00

Mar 2021

Equity Capital: 14
: 454
: 0
Trade Payables: 2
: 91
Total Liabilities: 562
: 103
Capital Work in Progress: 0
: 434
: 0
Cash & Bank: 1
: 23
Total Assets: 562
Total Debt: 77
Net Working Capital: 3
Contingent Liabilities: 1
Book Value per Share: 328.12
Face Value: 10.00
Total Debt: 77
Net Working Capital: 3
Contingent Liabilities: 1
Book Value per Share: 328.12
Face Value: 10.00

Mar 2022

Equity Capital: 14
: 491
: 13
Trade Payables: 2
: 70
Total Liabilities: 591
: 102
Capital Work in Progress: 0
: 475
: 0
Cash & Bank: 1
: 13
Total Assets: 591
Total Debt: 69
Net Working Capital: -14
Contingent Liabilities: 1
Book Value per Share: 353.94
Face Value: 10.00
Total Debt: 69
Net Working Capital: -14
Contingent Liabilities: 1
Book Value per Share: 353.94
Face Value: 10.00

Mar 2023

Equity Capital: 14
: 522
: 11
Trade Payables: 3
: 61
Total Liabilities: 612
: 106
Capital Work in Progress: 0
: 479
: 0
Cash & Bank: 3
: 24
Total Assets: 612
Total Debt: 56
Net Working Capital: 0
Contingent Liabilities: 6
Book Value per Share: 375.60
Face Value: 10.00
Total Debt: 56
Net Working Capital: 0
Contingent Liabilities: 6
Book Value per Share: 375.60
Face Value: 10.00

Mar 2024

Equity Capital: 14
: 564
: 0
Trade Payables: 2
: 15
Total Liabilities: 596
: 67
Capital Work in Progress: 0
: 495
: 11
Cash & Bank: 4
: 19
Total Assets: 596
Total Debt: 0
Net Working Capital: 31
Contingent Liabilities: 1
Book Value per Share: 404.66
Face Value: 10.00
Total Debt: 0
Net Working Capital: 31
Contingent Liabilities: 1
Book Value per Share: 404.66
Face Value: 10.00

Mar 2025

Equity Capital: 14
: 601
: 0
Trade Payables: 3
: 76
Total Liabilities: 694
: 65
Capital Work in Progress: 0
: 548
: 11
Cash & Bank: 3
: 66
Total Assets: 694
Total Debt: 60
Net Working Capital: 36
Contingent Liabilities: 2
Book Value per Share: 430.88
Face Value: 10.00
Total Debt: 60
Net Working Capital: 36
Contingent Liabilities: 2
Book Value per Share: 430.88
Face Value: 10.00

Mar 2026

Equity Capital: 14
: 637
: 0
Trade Payables: 3
: 46
Total Liabilities: 700
: 62
Capital Work in Progress: 0
: 577
: 17
Cash & Bank: 5
: 38
Total Assets: 700
Total Debt: 31
Net Working Capital: 13
Contingent Liabilities: 2
Book Value per Share: 456.15
Face Value: 10.00
Total Debt: 31
Net Working Capital: 13
Contingent Liabilities: 2
Book Value per Share: 456.15
Face Value: 10.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	25	45	69	54	27	47	54	83	78	85
Cash from Investing	-2	-42	-30	-40	-62	-33	-15	4	-100	6
Cash from Financing	-20	-6	-40	-13	34	-14	-37	-86	21	-89
	2	-3	-0	1	-1	-0	2	1	-1	2
Free Cash Flow	25	42	63	44	26	45	47	83	77	84
OCF / Net Profit	0.50	0.92	0.90	1.07	20.18	1.39	1.12	1.14	1.15	1.00
Cumulative 5-Year FCF	0	0	0	0	199	220	225	245	278	336
OCF / Net Profit	0.50	0.92	0.90	1.07	20.18	1.39	1.12	1.14	1.15	1.00
Cumulative 5-Year FCF	0	0	0	0	199	220	225	245	278	336

Mar 2017

: 25
Cash from Investing: -2
Cash from Financing: -20
: 2
Free Cash Flow: 25
OCF / Net Profit: 0.50
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.50
Cumulative 5-Year FCF: 0

Mar 2018

: 45
Cash from Investing: -42
Cash from Financing: -6
: -3
Free Cash Flow: 42
OCF / Net Profit: 0.92
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.92
Cumulative 5-Year FCF: 0

Mar 2019

: 69
Cash from Investing: -30
Cash from Financing: -40
: -0
Free Cash Flow: 63
OCF / Net Profit: 0.90
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.90
Cumulative 5-Year FCF: 0

Mar 2020

: 54
Cash from Investing: -40
Cash from Financing: -13
: 1
Free Cash Flow: 44
OCF / Net Profit: 1.07
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.07
Cumulative 5-Year FCF: 0

Mar 2021

: 27
Cash from Investing: -62
Cash from Financing: 34
: -1
Free Cash Flow: 26
OCF / Net Profit: 20.18
Cumulative 5-Year FCF: 199
OCF / Net Profit: 20.18
Cumulative 5-Year FCF: 199

Mar 2022

: 47
Cash from Investing: -33
Cash from Financing: -14
: -0
Free Cash Flow: 45
OCF / Net Profit: 1.39
Cumulative 5-Year FCF: 220
OCF / Net Profit: 1.39
Cumulative 5-Year FCF: 220

Mar 2023

: 54
Cash from Investing: -15
Cash from Financing: -37
: 2
Free Cash Flow: 47
OCF / Net Profit: 1.12
Cumulative 5-Year FCF: 225
OCF / Net Profit: 1.12
Cumulative 5-Year FCF: 225

Mar 2024

: 83
Cash from Investing: 4
Cash from Financing: -86
: 1
Free Cash Flow: 83
OCF / Net Profit: 1.14
Cumulative 5-Year FCF: 245
OCF / Net Profit: 1.14
Cumulative 5-Year FCF: 245

Mar 2025

: 78
Cash from Investing: -100
Cash from Financing: 21
: -1
Free Cash Flow: 77
OCF / Net Profit: 1.15
Cumulative 5-Year FCF: 278
OCF / Net Profit: 1.15
Cumulative 5-Year FCF: 278

Mar 2026

: 85
Cash from Investing: 6
Cash from Financing: -89
: 2
Free Cash Flow: 84
OCF / Net Profit: 1.00
Cumulative 5-Year FCF: 336
OCF / Net Profit: 1.00
Cumulative 5-Year FCF: 336

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	34.87	34.17	53.47	35.59	0.95	23.73	33.82	51.16	47.70	59.25
Book Value (₹)	244.94	267.29	301.83	321.79	328.12	353.94	375.60	404.66	430.88	456.15
Dividend per Share (₹)	8.50	14.50	19.00	8.00	0.00	12.00	17.00	25.00	38.00	47.00
Cash EPS (₹)	35.86	35.06	54.26	37.84	3.10	25.89	36.88	54.72	51.77	62.63
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	94.44%	65.31%	78.46%	64.15%	56.39%	83.85%	61.13%	64.81%	59.60%	56.71%
Net Margin %	70.26%	51.06%	65.86%	52.22%	2.09%	38.15%	41.05%	49.75%	48.39%	51.07%
ROE %	15.26%	13.34%	18.79%	11.41%	0.29%	6.96%	9.27%	13.11%	11.42%	13.36%
ROCE %	18.86%	15.78%	20.89%	12.53%	3.47%	9.56%	11.08%	15.51%	12.93%	13.99%
	13.20%	12.37%	17.39%	10.55%	0.26%	5.88%	8.03%	12.10%	10.56%	12.14%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	25	34	37	40	59	34	24	26	28	30
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	0	0	0	0	0	0
	25	34	37	40	59	34	24	26	28	30
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.04x	0.07x	0.04x	0.08x	0.16x	0.14x	0.10x	0.00x	0.10x	0.05x
Interest Coverage (x)	23.57x	26.12x	38.23x	27.29x	5.85x	9.08x	11.52x	19.43x	48.20x	19.02x
	4.79x	1.39x	1.00x	0.99x	1.12x	0.37x	1.02x	3.16x	2.41x	1.52x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	-5.44%	34.82%	21.34%	-16.08%	-33.12%	36.45%	32.50%	24.82%	-4.15%	17.71%
Operating Profit Growth %	44.61%	-6.77%	45.76%	-31.38%	-41.20%	102.89%	-3.40%	37.34%	-12.14%	14.90%
Net Profit Growth %	39.69%	-2.03%	56.51%	-33.45%	-97.32%	2391.18%	42.56%	51.26%	-6.78%	24.23%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	51.26%	-6.78%	24.23%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	21.22x	26.74x	16.78x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	2.68x	2.96x	2.18x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.30%	2.98%	4.73%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	15.65x	21.63x	14.49x

Mar 2017

EPS (₹): 34.87
Book Value (₹): 244.94
Dividend per Share (₹): 8.50
Cash EPS (₹): 35.86
Operating Margin %: 94.44%
Net Margin %: 70.26%
ROE %: 15.26%
ROCE %: 18.86%
: 13.20%
Debtor Days: 25
Inventory Days: 0
Payable Days: 0
: 25
Debt to Equity (x): 0.04x
Interest Coverage (x): 23.57x
: 4.79x
Revenue Growth %: -5.44%
Operating Profit Growth %: 44.61%
Net Profit Growth %: 39.69%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 34.17
Book Value (₹): 267.29
Dividend per Share (₹): 14.50
Cash EPS (₹): 35.06
Operating Margin %: 65.31%
Net Margin %: 51.06%
ROE %: 13.34%
ROCE %: 15.78%
: 12.37%
Debtor Days: 34
Inventory Days: 0
Payable Days: 0
: 34
Debt to Equity (x): 0.07x
Interest Coverage (x): 26.12x
: 1.39x
Revenue Growth %: 34.82%
Operating Profit Growth %: -6.77%
Net Profit Growth %: -2.03%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 53.47
Book Value (₹): 301.83
Dividend per Share (₹): 19.00
Cash EPS (₹): 54.26
Operating Margin %: 78.46%
Net Margin %: 65.86%
ROE %: 18.79%
ROCE %: 20.89%
: 17.39%
Debtor Days: 37
Inventory Days: 0
Payable Days: 0
: 37
Debt to Equity (x): 0.04x
Interest Coverage (x): 38.23x
: 1.00x
Revenue Growth %: 21.34%
Operating Profit Growth %: 45.76%
Net Profit Growth %: 56.51%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 35.59
Book Value (₹): 321.79
Dividend per Share (₹): 8.00
Cash EPS (₹): 37.84
Operating Margin %: 64.15%
Net Margin %: 52.22%
ROE %: 11.41%
ROCE %: 12.53%
: 10.55%
Debtor Days: 40
Inventory Days: 0
Payable Days: 0
: 40
Debt to Equity (x): 0.08x
Interest Coverage (x): 27.29x
: 0.99x
Revenue Growth %: -16.08%
Operating Profit Growth %: -31.38%
Net Profit Growth %: -33.45%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 0.95
Book Value (₹): 328.12
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.10
Operating Margin %: 56.39%
Net Margin %: 2.09%
ROE %: 0.29%
ROCE %: 3.47%
: 0.26%
Debtor Days: 59
Inventory Days: 0
Payable Days: 0
: 59
Debt to Equity (x): 0.16x
Interest Coverage (x): 5.85x
: 1.12x
Revenue Growth %: -33.12%
Operating Profit Growth %: -41.20%
Net Profit Growth %: -97.32%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 23.73
Book Value (₹): 353.94
Dividend per Share (₹): 12.00
Cash EPS (₹): 25.89
Operating Margin %: 83.85%
Net Margin %: 38.15%
ROE %: 6.96%
ROCE %: 9.56%
: 5.88%
Debtor Days: 34
Inventory Days: 0
Payable Days: 0
: 34
Debt to Equity (x): 0.14x
Interest Coverage (x): 9.08x
: 0.37x
Revenue Growth %: 36.45%
Operating Profit Growth %: 102.89%
Net Profit Growth %: 2391.18%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 33.82
Book Value (₹): 375.60
Dividend per Share (₹): 17.00
Cash EPS (₹): 36.88
Operating Margin %: 61.13%
Net Margin %: 41.05%
ROE %: 9.27%
ROCE %: 11.08%
: 8.03%
Debtor Days: 24
Inventory Days: 0
Payable Days: 0
: 24
Debt to Equity (x): 0.10x
Interest Coverage (x): 11.52x
: 1.02x
Revenue Growth %: 32.50%
Operating Profit Growth %: -3.40%
Net Profit Growth %: 42.56%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 51.16
Book Value (₹): 404.66
Dividend per Share (₹): 25.00
Cash EPS (₹): 54.72
Operating Margin %: 64.81%
Net Margin %: 49.75%
ROE %: 13.11%
ROCE %: 15.51%
: 12.10%
Debtor Days: 26
Inventory Days: 0
Payable Days: 0
: 26
Debt to Equity (x): 0.00x
Interest Coverage (x): 19.43x
: 3.16x
Revenue Growth %: 24.82%
Operating Profit Growth %: 37.34%
Net Profit Growth %: 51.26%
: 51.26%
P/E (x): 21.22x
P/B (x): 2.68x
Dividend Yield %: 2.30%
: 15.65x

Mar 2025

EPS (₹): 47.70
Book Value (₹): 430.88
Dividend per Share (₹): 38.00
Cash EPS (₹): 51.77
Operating Margin %: 59.60%
Net Margin %: 48.39%
ROE %: 11.42%
ROCE %: 12.93%
: 10.56%
Debtor Days: 28
Inventory Days: 0
Payable Days: 0
: 28
Debt to Equity (x): 0.10x
Interest Coverage (x): 48.20x
: 2.41x
Revenue Growth %: -4.15%
Operating Profit Growth %: -12.14%
Net Profit Growth %: -6.78%
: -6.78%
P/E (x): 26.74x
P/B (x): 2.96x
Dividend Yield %: 2.98%
: 21.63x

Mar 2026

EPS (₹): 59.25
Book Value (₹): 456.15
Dividend per Share (₹): 47.00
Cash EPS (₹): 62.63
Operating Margin %: 56.71%
Net Margin %: 51.07%
ROE %: 13.36%
ROCE %: 13.99%
: 12.14%
Debtor Days: 30
Inventory Days: 0
Payable Days: 0
: 30
Debt to Equity (x): 0.05x
Interest Coverage (x): 19.02x
: 1.52x
Revenue Growth %: 17.71%
Operating Profit Growth %: 14.90%
Net Profit Growth %: 24.23%
: 24.23%
P/E (x): 16.78x
P/B (x): 2.18x
Dividend Yield %: 4.73%
: 14.49x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	46.57	46.55	46.55	46.55	46.55	46.55	46.55	46.63	46.63
	0.49	0.92	0.85	0.81	0.83	1.05	0.82	0.76	0.93
	1.77	3.14	3.81	3.84	3.83	4.03	4.09	4.11	3.39
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	51.17	49.38	48.79	48.80	48.79	48.36	48.55	48.48	49.05

Jun 2024

: 46.57
: 0.49
: 1.77
Government: 0.00
: 51.17

Sep 2024

: 46.55
: 0.92
: 3.14
Government: 0.00
: 49.38

Dec 2024

: 46.55
: 0.85
: 3.81
Government: 0.00
: 48.79

Mar 2025

: 46.55
: 0.81
: 3.84
Government: 0.00
: 48.80

Jun 2025

: 46.55
: 0.83
: 3.83
Government: 0.00
: 48.79

Sep 2025

: 46.55
: 1.05
: 4.03
Government: 0.00
: 48.36

Dec 2025

: 46.55
: 0.82
: 4.09
Government: 0.00
: 48.55

Mar 2026

: 46.63
: 0.76
: 4.11
Government: 0.00
: 48.48

Jun 2026

: 46.63
: 0.93
: 3.39
Government: 0.00
: 49.05

Documents

Announcements

Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-21 - The audio recordings of the earnings Conference call is available in the investor information section of the website of the Company at the web-link https://ranegroup.com/investor/rane-holdings-limited/.
Investor Presentation
2026-08-20 - Rane Holdings Limited has informed the Exchange about Investor Presentation

Annual Reports

Credit Ratings

Credit Rating
2026-06-11 - Rane Holdings Limited has informed the Exchange about Credit Rating

Concalls

Aug 2026
TranscriptPPTREC
May 2026
Transcript PPTREC
Feb 2026
Transcript PPTREC