Rane (Madras) Ltd.

•

₹ 1,1012.11%

2026-08-21

ranegroup.comBSE: 532661NSE: RML

Market Cap₹ 2,987 Cr.

Current Price₹ 1,078

High / Low₹ 1,324 / 608

Stock P/E25.1

Book Value₹ 282

Price to Book2.29

Dividend Yield1.48 %

ROCE14.6 %

ROE15.2 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Steering & Suspension Linkage Products, Steering Gear Products & Hydraulic Products: 53.9% • Brake Linings, Disc pads, Clutch facings, Railway brake blocks and others: 20.0% • Valves, Guides & Tappets: 14.7% • Diecasting Products: 6.3% • Other Auto Components: 3.9% • Other Operating Revenues: 1.2%

PROS

Latest quarter profit grew 62.4% YoY, showing strong momentum
Company has delivered good sales growth of 25.0% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 4.42x)
Company has consistently been profitable over the last 5 years
Company has been maintaining a healthy dividend payout of 41.1%

CONS

Company has a low return on capital employed of 7.5%
Company has a low return on equity of 8.2% over last 3 years
Promoter holding has decreased over last 2 years: -2.2pp
Equity base is being diluted - shares outstanding up 69.9%
Recurring exceptional / one-off items are inflating headline profit

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

Peer comparison

EDIT COLUMNS

Automobile and Auto ComponentsAutomobile & AncillariesAuto Ancillary

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.	MOTHERSON	170.35	41.05	179794.93	0.35	1075.66	77.48	35243.77	17.70	13.63	8.86
2.	BOSCHLTD	48360.00	60.36	142643.14	0.56	706.10	-36.74	5841.90	22.00	25.60	14.08
3.	UNOMINDA	1275.00	61.24	73627.07	0.21	315.51	2.10	5556.85	23.79	20.74	11.14
4.	TIINDIA	2936.45	93.72	56841.54	0.12	293.96	-3.04	6215.33	20.20	27.33	8.81
5.	SONACOMS	823.00	73.78	51346.20	0.41	178.51	46.67	1301.20	52.38	14.75	22.55
6.	ENDURANCE	2987.10	43.32	42017.40	0.39	244.52	8.03	4314.89	30.01	18.33	12.42
7.	ZFCVINDIA	2617.15	59.66	29784.61	0.03	1044.78	753.75	10661.76	992.89	20.23	12.93
8.	CRAFTSMAN	10778.15	60.63	28189.64	0.10	150.55	116.31	2431.58	36.30	14.65	15.81
9.	MSUMI	39.27	0.00	26042.54	1.48	1453.20	915.51	34072.60	1273.43	43.72	7.58
10.	GABRIEL	1438.55	85.65	25495.42	0.35	1081.26	925.35	14256.83	1055.00	26.37	11.71
11.	SANSERA	3894.75	69.76	24304.63	0.10	87.36	38.71	1021.26	33.27	13.97	19.18
12.	RML	1080.80	25.09	2987.02	1.48	30.10	62.44	1041.62	18.29	14.64	8.34

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	588	611	521	853	818	849	837	901	881	919	1,015	1,048	10,416
	546	579	474	784	753	777	771	823	806	841	924	952	10,096
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	2	1	1	3	6	3	3	4	4	4	4	4	90
Interest	14	13	15	16	17	18	20	18	17	15	15	12	155
Depreciation	24	24	21	33	32	32	33	36	36	37	36	38	394
	-13	-90	13	16	21	24	15	17	25	30	43	49	410
Tax %	-7.42%	119.67%	29.43%	30.71%	31.79%	33.50%	97.45%	61.53%	25.22%	27.66%	28.61%	23.87%	26.62%
Net Profit	0	0	0	0	34	-7	-2	7	19	21	31	37	301
	-9	11	6	4	5	6	0	2	7	8	11	13	11
Equity Capital	16	16	16	16	16	16	16	16	28	28	28	28	276
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	16	16	16	16	16	16	16	16	28	28	28	28	276
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

: 588
: 546
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 14
Depreciation: 24
: -13
Tax %: -7.42%
Net Profit: 0
: -9
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 611
: 579
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 13
Depreciation: 24
: -90
Tax %: 119.67%
Net Profit: 0
: 11
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 521
: 474
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 15
Depreciation: 21
: 13
Tax %: 29.43%
Net Profit: 0
: 6
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 853
: 784
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 16
Depreciation: 33
: 16
Tax %: 30.71%
Net Profit: 0
: 4
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 818
: 753
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 17
Depreciation: 32
: 21
Tax %: 31.79%
Net Profit: 34
: 5
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 849
: 777
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 18
Depreciation: 32
: 24
Tax %: 33.50%
Net Profit: -7
: 6
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 837
: 771
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 20
Depreciation: 33
: 15
Tax %: 97.45%
Net Profit: -2
: 0
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 901
: 823
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 18
Depreciation: 36
: 17
Tax %: 61.53%
Net Profit: 7
: 2
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 16
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 881
: 806
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 17
Depreciation: 36
: 25
Tax %: 25.22%
Net Profit: 19
: 7
Equity Capital: 28
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 28
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 919
: 841
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 15
Depreciation: 37
: 30
Tax %: 27.66%
Net Profit: 21
: 8
Equity Capital: 28
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 28
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 1,015
: 924
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 15
Depreciation: 36
: 43
Tax %: 28.61%
Net Profit: 31
: 11
Equity Capital: 28
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 28
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 1,048
: 952
Operating Profit: —
OPM %: —
Other Income: 4
Interest: 12
Depreciation: 38
: 49
Tax %: 23.87%
Net Profit: 37
: 13
Equity Capital: 28
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 28
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 10,416
: 10,096
Operating Profit: —
OPM %: —
Other Income: 90
Interest: 155
Depreciation: 394
: 410
Tax %: 26.62%
Net Profit: 301
: 11
Equity Capital: 276
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 276
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,195	1,400	1,555	1,277	1,267	1,742	2,354	2,239	3,406	3,863	4,024
	1,107	1,273	1,438	1,233	1,236	1,667	2,171	2,092	3,122	3,522	3,727
Operating Profit	100	136	127	62	38	80	201	151	299	357	—
OPM %	8	10	8	5	3	5	9	7	9	9	—
Other Income	11	9	10	17	7	6	18	5	16	16	21
Interest	30	34	35	38	28	21	35	57	76	60	58
Depreciation	57	61	66	66	66	81	97	91	132	147	151
	13	40	26	-45	-55	26	58	-103	78	146	162
Tax %	66	40	91	-2	-10	58	49	103	52	26	27
Net Profit	4	24	2	-46	-61	11	30	3	38	107	119
EPS	4	21	2	-38	-48	7	18	2	23	39	—
Dividend Payout %	146	58	420	0	0	0	0	0	35	41	—
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	4	21	2	-36	-42	7	18	2	23	39	—
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	4	21	2	-36	-42	7	18	2	23	39	—

Mar 2017

: 1,195
: 1,107
Operating Profit: 100
OPM %: 8
Other Income: 11
Interest: 30
Depreciation: 57
: 13
Tax %: 66
Net Profit: 4
EPS: 4
Dividend Payout %: 146
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2018

: 1,400
: 1,273
Operating Profit: 136
OPM %: 10
Other Income: 9
Interest: 34
Depreciation: 61
: 40
Tax %: 40
Net Profit: 24
EPS: 21
Dividend Payout %: 58
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 21
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 21

Mar 2019

: 1,555
: 1,438
Operating Profit: 127
OPM %: 8
Other Income: 10
Interest: 35
Depreciation: 66
: 26
Tax %: 91
Net Profit: 2
EPS: 2
Dividend Payout %: 420
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2020

: 1,277
: 1,233
Operating Profit: 62
OPM %: 5
Other Income: 17
Interest: 38
Depreciation: 66
: -45
Tax %: -2
Net Profit: -46
EPS: -38
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -36
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -36

Mar 2021

: 1,267
: 1,236
Operating Profit: 38
OPM %: 3
Other Income: 7
Interest: 28
Depreciation: 66
: -55
Tax %: -10
Net Profit: -61
EPS: -48
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -42
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -42

Mar 2022

: 1,742
: 1,667
Operating Profit: 80
OPM %: 5
Other Income: 6
Interest: 21
Depreciation: 81
: 26
Tax %: 58
Net Profit: 11
EPS: 7
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7

Mar 2023

: 2,354
: 2,171
Operating Profit: 201
OPM %: 9
Other Income: 18
Interest: 35
Depreciation: 97
: 58
Tax %: 49
Net Profit: 30
EPS: 18
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 18
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 18

Mar 2024

: 2,239
: 2,092
Operating Profit: 151
OPM %: 7
Other Income: 5
Interest: 57
Depreciation: 91
: -103
Tax %: 103
Net Profit: 3
EPS: 2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2025

: 3,406
: 3,122
Operating Profit: 299
OPM %: 9
Other Income: 16
Interest: 76
Depreciation: 132
: 78
Tax %: 52
Net Profit: 38
EPS: 23
Dividend Payout %: 35
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 23
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 23

Mar 2026

: 3,863
: 3,522
Operating Profit: 357
OPM %: 9
Other Income: 16
Interest: 60
Depreciation: 147
: 146
Tax %: 26
Net Profit: 107
EPS: 39
Dividend Payout %: 41
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 39
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 39

TTM

: 4,024
: 3,727
Operating Profit: —
OPM %: —
Other Income: 21
Interest: 58
Depreciation: 151
: 162
Tax %: 27
Net Profit: 119
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:: 16%
5 Years:: 25%
3 Years:: 18%

COMPOUNDED PROFIT GROWTH

10 Years:: 24%
5 Years:: —
3 Years:: 53%

STOCK PRICE CAGR

10 Years:: 12%
5 Years:: 22%
3 Years:: 19%
1 Year:: 24%

RETURN ON EQUITY

10 Years:: 0%
5 Years:: 9%
3 Years:: 8%
Last Year:: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	11	12	12	13	15	16	16	16	16	28
	147	213	218	163	157	212	225	240	643	723
	205	207	275	270	271	326	398	338	425	538
Trade Payables	197	256	216	189	294	319	347	285	498	551
	233	231	241	290	303	372	392	379	587	618
Total Liabilities	791	920	963	926	1,039	1,245	1,379	1,259	2,170	2,458
ASSETS	-	-	-	-	-	-	-	-	-	-
	365	386	386	382	415	477	490	453	693	739
Capital Work in Progress	28	16	16	50	31	18	29	27	73	95
	0	0	1	1	1	1	1	2	7	8
	126	153	172	157	159	211	254	241	434	497
	0	0	0	0	0	0	0	339	709	796
Cash & Bank	6	7	18	19	7	12	29	24	35	47
	267	357	371	318	426	524	577	173	219	276
Total Assets	791	920	963	926	1,039	1,245	1,379	1,259	2,170	2,458
Total Debt	362	357	417	470	460	576	658	701	761	634
Net Working Capital	-102	-54	-52	-108	-139	-82	-62	-115	-20	-134
Contingent Liabilities	35	142	149	156	38	32	32	34	80	88
Book Value per Share	149.57	193.57	192.31	139.86	117.98	140.22	148.52	157.32	405.36	271.55
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	362	357	417	470	460	576	658	701	761	634
Net Working Capital	-102	-54	-52	-108	-139	-82	-62	-115	-20	-134
Contingent Liabilities	35	142	149	156	38	32	32	34	80	88
Book Value per Share	149.57	193.57	192.31	139.86	117.98	140.22	148.52	157.32	405.36	271.55
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: 11
: 147
: 205
Trade Payables: 197
: 233
Total Liabilities: 791
: 365
Capital Work in Progress: 28
: 0
: 126
: 0
Cash & Bank: 6
: 267
Total Assets: 791
Total Debt: 362
Net Working Capital: -102
Contingent Liabilities: 35
Book Value per Share: 149.57
Face Value: 10.00
Total Debt: 362
Net Working Capital: -102
Contingent Liabilities: 35
Book Value per Share: 149.57
Face Value: 10.00

Mar 2018

Equity Capital: 12
: 213
: 207
Trade Payables: 256
: 231
Total Liabilities: 920
: 386
Capital Work in Progress: 16
: 0
: 153
: 0
Cash & Bank: 7
: 357
Total Assets: 920
Total Debt: 357
Net Working Capital: -54
Contingent Liabilities: 142
Book Value per Share: 193.57
Face Value: 10.00
Total Debt: 357
Net Working Capital: -54
Contingent Liabilities: 142
Book Value per Share: 193.57
Face Value: 10.00

Mar 2019

Equity Capital: 12
: 218
: 275
Trade Payables: 216
: 241
Total Liabilities: 963
: 386
Capital Work in Progress: 16
: 1
: 172
: 0
Cash & Bank: 18
: 371
Total Assets: 963
Total Debt: 417
Net Working Capital: -52
Contingent Liabilities: 149
Book Value per Share: 192.31
Face Value: 10.00
Total Debt: 417
Net Working Capital: -52
Contingent Liabilities: 149
Book Value per Share: 192.31
Face Value: 10.00

Mar 2020

Equity Capital: 13
: 163
: 270
Trade Payables: 189
: 290
Total Liabilities: 926
: 382
Capital Work in Progress: 50
: 1
: 157
: 0
Cash & Bank: 19
: 318
Total Assets: 926
Total Debt: 470
Net Working Capital: -108
Contingent Liabilities: 156
Book Value per Share: 139.86
Face Value: 10.00
Total Debt: 470
Net Working Capital: -108
Contingent Liabilities: 156
Book Value per Share: 139.86
Face Value: 10.00

Mar 2021

Equity Capital: 15
: 157
: 271
Trade Payables: 294
: 303
Total Liabilities: 1,039
: 415
Capital Work in Progress: 31
: 1
: 159
: 0
Cash & Bank: 7
: 426
Total Assets: 1,039
Total Debt: 460
Net Working Capital: -139
Contingent Liabilities: 38
Book Value per Share: 117.98
Face Value: 10.00
Total Debt: 460
Net Working Capital: -139
Contingent Liabilities: 38
Book Value per Share: 117.98
Face Value: 10.00

Mar 2022

Equity Capital: 16
: 212
: 326
Trade Payables: 319
: 372
Total Liabilities: 1,245
: 477
Capital Work in Progress: 18
: 1
: 211
: 0
Cash & Bank: 12
: 524
Total Assets: 1,245
Total Debt: 576
Net Working Capital: -82
Contingent Liabilities: 32
Book Value per Share: 140.22
Face Value: 10.00
Total Debt: 576
Net Working Capital: -82
Contingent Liabilities: 32
Book Value per Share: 140.22
Face Value: 10.00

Mar 2023

Equity Capital: 16
: 225
: 398
Trade Payables: 347
: 392
Total Liabilities: 1,379
: 490
Capital Work in Progress: 29
: 1
: 254
: 0
Cash & Bank: 29
: 577
Total Assets: 1,379
Total Debt: 658
Net Working Capital: -62
Contingent Liabilities: 32
Book Value per Share: 148.52
Face Value: 10.00
Total Debt: 658
Net Working Capital: -62
Contingent Liabilities: 32
Book Value per Share: 148.52
Face Value: 10.00

Mar 2024

Equity Capital: 16
: 240
: 338
Trade Payables: 285
: 379
Total Liabilities: 1,259
: 453
Capital Work in Progress: 27
: 2
: 241
: 339
Cash & Bank: 24
: 173
Total Assets: 1,259
Total Debt: 701
Net Working Capital: -115
Contingent Liabilities: 34
Book Value per Share: 157.32
Face Value: 10.00
Total Debt: 701
Net Working Capital: -115
Contingent Liabilities: 34
Book Value per Share: 157.32
Face Value: 10.00

Mar 2025

Equity Capital: 16
: 643
: 425
Trade Payables: 498
: 587
Total Liabilities: 2,170
: 693
Capital Work in Progress: 73
: 7
: 434
: 709
Cash & Bank: 35
: 219
Total Assets: 2,170
Total Debt: 761
Net Working Capital: -20
Contingent Liabilities: 80
Book Value per Share: 405.36
Face Value: 10.00
Total Debt: 761
Net Working Capital: -20
Contingent Liabilities: 80
Book Value per Share: 405.36
Face Value: 10.00

Mar 2026

Equity Capital: 28
: 723
: 538
Trade Payables: 551
: 618
Total Liabilities: 2,458
: 739
Capital Work in Progress: 95
: 8
: 497
: 796
Cash & Bank: 47
: 276
Total Assets: 2,458
Total Debt: 634
Net Working Capital: -134
Contingent Liabilities: 88
Book Value per Share: 271.55
Face Value: 10.00
Total Debt: 634
Net Working Capital: -134
Contingent Liabilities: 88
Book Value per Share: 271.55
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	88	65	45	69	46	-6	88	120	316	219
Cash from Investing	-77	-78	-60	-103	-80	-124	-106	-119	-147	11
Cash from Financing	-7	14	26	34	21	134	35	-14	-176	-207
	4	1	11	0	-13	5	17	-13	-7	23
Free Cash Flow	88	-7	-22	-32	-18	-137	-46	120	-470	16
OCF / Net Profit	20.27	2.69	18.46	-1.52	-0.75	-0.53	2.92	39.75	8.39	2.04
Cumulative 5-Year FCF	0	0	0	0	9	-215	-255	-113	-551	-517
OCF / Net Profit	20.27	2.69	18.46	-1.52	-0.75	-0.53	2.92	39.75	8.39	2.04
Cumulative 5-Year FCF	0	0	0	0	9	-215	-255	-113	-551	-517

Mar 2017

: 88
Cash from Investing: -77
Cash from Financing: -7
: 4
Free Cash Flow: 88
OCF / Net Profit: 20.27
Cumulative 5-Year FCF: 0
OCF / Net Profit: 20.27
Cumulative 5-Year FCF: 0

Mar 2018

: 65
Cash from Investing: -78
Cash from Financing: 14
: 1
Free Cash Flow: -7
OCF / Net Profit: 2.69
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.69
Cumulative 5-Year FCF: 0

Mar 2019

: 45
Cash from Investing: -60
Cash from Financing: 26
: 11
Free Cash Flow: -22
OCF / Net Profit: 18.46
Cumulative 5-Year FCF: 0
OCF / Net Profit: 18.46
Cumulative 5-Year FCF: 0

Mar 2020

: 69
Cash from Investing: -103
Cash from Financing: 34
: 0
Free Cash Flow: -32
OCF / Net Profit: -1.52
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.52
Cumulative 5-Year FCF: 0

Mar 2021

: 46
Cash from Investing: -80
Cash from Financing: 21
: -13
Free Cash Flow: -18
OCF / Net Profit: -0.75
Cumulative 5-Year FCF: 9
OCF / Net Profit: -0.75
Cumulative 5-Year FCF: 9

Mar 2022

: -6
Cash from Investing: -124
Cash from Financing: 134
: 5
Free Cash Flow: -137
OCF / Net Profit: -0.53
Cumulative 5-Year FCF: -215
OCF / Net Profit: -0.53
Cumulative 5-Year FCF: -215

Mar 2023

: 88
Cash from Investing: -106
Cash from Financing: 35
: 17
Free Cash Flow: -46
OCF / Net Profit: 2.92
Cumulative 5-Year FCF: -255
OCF / Net Profit: 2.92
Cumulative 5-Year FCF: -255

Mar 2024

: 120
Cash from Investing: -119
Cash from Financing: -14
: -13
Free Cash Flow: 120
OCF / Net Profit: 39.75
Cumulative 5-Year FCF: -113
OCF / Net Profit: 39.75
Cumulative 5-Year FCF: -113

Mar 2025

: 316
Cash from Investing: -147
Cash from Financing: -176
: -7
Free Cash Flow: -470
OCF / Net Profit: 8.39
Cumulative 5-Year FCF: -551
OCF / Net Profit: 8.39
Cumulative 5-Year FCF: -551

Mar 2026

: 219
Cash from Investing: 11
Cash from Financing: -207
: 23
Free Cash Flow: 16
OCF / Net Profit: 2.04
Cumulative 5-Year FCF: -517
OCF / Net Profit: 2.04
Cumulative 5-Year FCF: -517

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	4.11	20.86	2.02	-36.27	-41.96	6.55	18.45	1.86	23.14	38.89
Book Value (₹)	149.57	193.57	192.31	139.86	117.98	140.22	148.52	157.32	405.36	271.55
Dividend per Share (₹)	6.00	12.00	8.50	0.00	0.00	0.00	0.00	0.00	8.00	16.00
Cash EPS (₹)	58.50	73.77	57.12	16.22	3.42	56.34	77.82	57.81	104.47	92.08
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	7.22%	9.54%	8.14%	4.83%	3.02%	4.68%	8.45%	6.48%	8.18%	8.65%
Net Margin %	0.31%	1.70%	0.16%	-3.56%	-4.82%	0.62%	1.26%	0.13%	1.09%	2.73%
ROE %	2.80%	12.68%	1.06%	-22.44%	-35.20%	5.33%	12.78%	1.21%	8.23%	15.24%
ROCE %	8.48%	13.48%	9.83%	-0.95%	-4.29%	6.38%	10.94%	-4.89%	12.89%	14.64%
	0.56%	2.83%	0.26%	-4.82%	-6.22%	0.93%	2.29%	0.23%	2.20%	4.64%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	46	56	58	62	66	66	59	61	55	70
Inventory Days	30	36	38	47	46	39	36	40	35	43
Payable Days	93	95	83	96	124	110	88	88	79	90
	-17	-4	13	13	-12	-4	7	12	12	23
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	2.30x	1.59x	1.81x	2.68x	2.68x	2.52x	2.72x	2.74x	1.15x	0.84x
Interest Coverage (x)	1.42x	2.17x	1.73x	-0.16x	-1.00x	2.24x	2.68x	-0.80x	2.02x	3.41x
	0.78x	0.89x	0.90x	0.78x	0.78x	0.89x	0.93x	0.86x	0.98x	0.92x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	34.29%	17.14%	11.06%	-17.85%	-0.76%	37.44%	35.16%	-4.91%	52.11%	13.42%
Operating Profit Growth %	24.75%	36.06%	-6.88%	-51.32%	-37.81%	109.89%	150.50%	-24.84%	97.61%	19.17%
Net Profit Growth %	-65.90%	460.65%	-90.01%	-1980.99%	-34.31%	117.44%	181.61%	-89.94%	1146.69%	185.47%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-89.94%	1146.67%	68.04%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	370.81x	27.21x	15.99x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	4.38x	1.55x	2.29x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.27%	2.57%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	11.87x	5.85x	6.46x

Mar 2017

EPS (₹): 4.11
Book Value (₹): 149.57
Dividend per Share (₹): 6.00
Cash EPS (₹): 58.50
Operating Margin %: 7.22%
Net Margin %: 0.31%
ROE %: 2.80%
ROCE %: 8.48%
: 0.56%
Debtor Days: 46
Inventory Days: 30
Payable Days: 93
: -17
Debt to Equity (x): 2.30x
Interest Coverage (x): 1.42x
: 0.78x
Revenue Growth %: 34.29%
Operating Profit Growth %: 24.75%
Net Profit Growth %: -65.90%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 20.86
Book Value (₹): 193.57
Dividend per Share (₹): 12.00
Cash EPS (₹): 73.77
Operating Margin %: 9.54%
Net Margin %: 1.70%
ROE %: 12.68%
ROCE %: 13.48%
: 2.83%
Debtor Days: 56
Inventory Days: 36
Payable Days: 95
: -4
Debt to Equity (x): 1.59x
Interest Coverage (x): 2.17x
: 0.89x
Revenue Growth %: 17.14%
Operating Profit Growth %: 36.06%
Net Profit Growth %: 460.65%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 2.02
Book Value (₹): 192.31
Dividend per Share (₹): 8.50
Cash EPS (₹): 57.12
Operating Margin %: 8.14%
Net Margin %: 0.16%
ROE %: 1.06%
ROCE %: 9.83%
: 0.26%
Debtor Days: 58
Inventory Days: 38
Payable Days: 83
: 13
Debt to Equity (x): 1.81x
Interest Coverage (x): 1.73x
: 0.90x
Revenue Growth %: 11.06%
Operating Profit Growth %: -6.88%
Net Profit Growth %: -90.01%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): -36.27
Book Value (₹): 139.86
Dividend per Share (₹): 0.00
Cash EPS (₹): 16.22
Operating Margin %: 4.83%
Net Margin %: -3.56%
ROE %: -22.44%
ROCE %: -0.95%
: -4.82%
Debtor Days: 62
Inventory Days: 47
Payable Days: 96
: 13
Debt to Equity (x): 2.68x
Interest Coverage (x): -0.16x
: 0.78x
Revenue Growth %: -17.85%
Operating Profit Growth %: -51.32%
Net Profit Growth %: -1980.99%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): -41.96
Book Value (₹): 117.98
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.42
Operating Margin %: 3.02%
Net Margin %: -4.82%
ROE %: -35.20%
ROCE %: -4.29%
: -6.22%
Debtor Days: 66
Inventory Days: 46
Payable Days: 124
: -12
Debt to Equity (x): 2.68x
Interest Coverage (x): -1.00x
: 0.78x
Revenue Growth %: -0.76%
Operating Profit Growth %: -37.81%
Net Profit Growth %: -34.31%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 6.55
Book Value (₹): 140.22
Dividend per Share (₹): 0.00
Cash EPS (₹): 56.34
Operating Margin %: 4.68%
Net Margin %: 0.62%
ROE %: 5.33%
ROCE %: 6.38%
: 0.93%
Debtor Days: 66
Inventory Days: 39
Payable Days: 110
: -4
Debt to Equity (x): 2.52x
Interest Coverage (x): 2.24x
: 0.89x
Revenue Growth %: 37.44%
Operating Profit Growth %: 109.89%
Net Profit Growth %: 117.44%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 18.45
Book Value (₹): 148.52
Dividend per Share (₹): 0.00
Cash EPS (₹): 77.82
Operating Margin %: 8.45%
Net Margin %: 1.26%
ROE %: 12.78%
ROCE %: 10.94%
: 2.29%
Debtor Days: 59
Inventory Days: 36
Payable Days: 88
: 7
Debt to Equity (x): 2.72x
Interest Coverage (x): 2.68x
: 0.93x
Revenue Growth %: 35.16%
Operating Profit Growth %: 150.50%
Net Profit Growth %: 181.61%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 1.86
Book Value (₹): 157.32
Dividend per Share (₹): 0.00
Cash EPS (₹): 57.81
Operating Margin %: 6.48%
Net Margin %: 0.13%
ROE %: 1.21%
ROCE %: -4.89%
: 0.23%
Debtor Days: 61
Inventory Days: 40
Payable Days: 88
: 12
Debt to Equity (x): 2.74x
Interest Coverage (x): -0.80x
: 0.86x
Revenue Growth %: -4.91%
Operating Profit Growth %: -24.84%
Net Profit Growth %: -89.94%
: -89.94%
P/E (x): 370.81x
P/B (x): 4.38x
Dividend Yield %: 0.00%
: 11.87x

Mar 2025

EPS (₹): 23.14
Book Value (₹): 405.36
Dividend per Share (₹): 8.00
Cash EPS (₹): 104.47
Operating Margin %: 8.18%
Net Margin %: 1.09%
ROE %: 8.23%
ROCE %: 12.89%
: 2.20%
Debtor Days: 55
Inventory Days: 35
Payable Days: 79
: 12
Debt to Equity (x): 1.15x
Interest Coverage (x): 2.02x
: 0.98x
Revenue Growth %: 52.11%
Operating Profit Growth %: 97.61%
Net Profit Growth %: 1146.69%
: 1146.67%
P/E (x): 27.21x
P/B (x): 1.55x
Dividend Yield %: 1.27%
: 5.85x

Mar 2026

EPS (₹): 38.89
Book Value (₹): 271.55
Dividend per Share (₹): 16.00
Cash EPS (₹): 92.08
Operating Margin %: 8.65%
Net Margin %: 2.73%
ROE %: 15.24%
ROCE %: 14.64%
: 4.64%
Debtor Days: 70
Inventory Days: 43
Payable Days: 90
: 23
Debt to Equity (x): 0.84x
Interest Coverage (x): 3.41x
: 0.92x
Revenue Growth %: 13.42%
Operating Profit Growth %: 19.17%
Net Profit Growth %: 185.47%
: 68.04%
P/E (x): 15.99x
P/B (x): 2.29x
Dividend Yield %: 2.57%
: 6.46x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.65	72.65	72.65	72.65	70.45	70.45	70.45	70.45	70.45
	0.01	0.21	0.08	0.09	0.03	0.04	0.05	0.06	0.33
	0.00	0.13	0.13	0.12	1.02	1.02	1.01	0.95	0.77
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	27.35	27.01	27.15	27.15	28.50	28.49	28.49	28.53	28.44

Jun 2024

: 72.65
: 0.01
: 0.00
Government: 0.00
: 27.35

Sep 2024

: 72.65
: 0.21
: 0.13
Government: 0.00
: 27.01

Dec 2024

: 72.65
: 0.08
: 0.13
Government: 0.00
: 27.15

Mar 2025

: 72.65
: 0.09
: 0.12
Government: 0.00
: 27.15

Jun 2025

: 70.45
: 0.03
: 1.02
Government: 0.00
: 28.50

Sep 2025

: 70.45
: 0.04
: 1.02
Government: 0.00
: 28.49

Dec 2025

: 70.45
: 0.05
: 1.01
Government: 0.00
: 28.49

Mar 2026

: 70.45
: 0.06
: 0.95
Government: 0.00
: 28.53

Jun 2026

: 70.45
: 0.33
: 0.77
Government: 0.00
: 28.44

Documents

Announcements

Investor Presentation
2026-08-20 - Rane (Madras) Limited has informed the Exchange about Investor Presentation
Change in Management
2026-08-20 - Details of appointment of Senior Management Personnel is enclosed.

Annual Reports

Credit Ratings

Credit Rating- Revision
2026-07-09 - CRISIL Ratings has upgraded the ratings of the Company's credit facilities

Concalls

Aug 2026
TranscriptPPTREC
May 2026
TranscriptPPTREC
Feb 2026
TranscriptPPTREC