Rane (Madras) Ltd.
•₹ 1,1012.11%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Steering & Suspension Linkage Products, Steering Gear Products & Hydraulic Products: 54.0% • 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 71.7% YoY, showing strong momentum
- Company has delivered good sales growth of 27.5% CAGR over last 5 years
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 3.93x)
- Company has been maintaining a healthy dividend payout of 39.7%
- Working capital cycle has improved - days down from -2 to -13
- Stock looks reasonably valued - P/E of 15.4 is below its historical median
CONS
- Company has a low return on capital employed of 7.9%
- 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| 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 | 169.50 | 40.85 | 178897.80 | 0.35 | 1075.66 | 77.48 | 35243.77 | 17.70 | 13.63 | 8.86 |
| 2. | BOSCHLTD | 48580.00 | 60.63 | 143292.05 | 0.56 | 706.10 | -36.74 | 5841.90 | 22.00 | 25.60 | 14.08 |
| 3. | UNOMINDA | 1262.25 | 60.63 | 72890.80 | 0.21 | 315.51 | 2.10 | 5556.85 | 23.79 | 20.74 | 11.14 |
| 4. | TIINDIA | 2927.50 | 93.43 | 56668.30 | 0.12 | 293.96 | -3.04 | 6215.33 | 20.20 | 27.33 | 8.81 |
| 5. | SONACOMS | 823.35 | 73.81 | 51368.04 | 0.41 | 178.51 | 46.67 | 1301.20 | 52.38 | 14.75 | 22.55 |
| 6. | ENDURANCE | 3000.05 | 43.51 | 42199.56 | 0.38 | 244.52 | 8.03 | 4314.89 | 30.01 | 18.33 | 12.42 |
| 7. | ZFCVINDIA | 2620.95 | 59.75 | 29827.85 | 0.03 | 1044.78 | 753.75 | 10661.76 | 992.89 | 20.23 | 12.93 |
| 8. | CRAFTSMAN | 10681.30 | 60.09 | 27936.33 | 0.11 | 150.55 | 116.31 | 2431.58 | 36.30 | 14.65 | 15.81 |
| 9. | MSUMI | 39.18 | 0.00 | 25982.85 | 1.48 | 1453.20 | 915.51 | 34072.60 | 1273.43 | 43.72 | 7.58 |
| 10. | GABRIEL | 1436.35 | 85.52 | 25456.43 | 0.35 | 1081.26 | 925.35 | 14256.83 | 1055.00 | 26.37 | 11.71 |
| 11. | SANSERA | 3893.25 | 69.73 | 24295.27 | 0.10 | 87.36 | 38.71 | 1021.26 | 33.27 | 13.97 | 19.18 |
| 12. | RML | 1074.30 | 24.94 | 2969.06 | 1.49 | 30.10 | 62.44 | 1041.62 | 18.29 | 14.64 | 8.34 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 530 | 572 | 521 | 853 | 818 | 849 | 837 | 902 | 881 | 920 | 1,015 | 1,048 | 10,416 | |
| 480 | 520 | 471 | 782 | 749 | 775 | 769 | 822 | 805 | 840 | 923 | 950 | 10,076 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 2 | 0 | 0 | 3 | 5 | 3 | 2 | 4 | 2 | 4 | 3 | 2 | 90 |
| Interest | 10 | 12 | 15 | 16 | 17 | 18 | 19 | 18 | 16 | 14 | 14 | 13 | 151 |
| Depreciation | 19 | 19 | 21 | 33 | 32 | 31 | 32 | 35 | 35 | 36 | 36 | 38 | 387 |
| 4 | -101 | 15 | 18 | 26 | 28 | 17 | 19 | 25 | 31 | 45 | 49 | 431 | |
| Tax % | 25.19% | 107.17% | 25.23% | 25.99% | 26.65% | 29.25% | 85.17% | 54.75% | 25.03% | 26.43% | 27.26% | 23.74% | 25.35% |
| Net Profit | 3 | 7 | 11 | 14 | 19 | 20 | 3 | 9 | 19 | 23 | 33 | 37 | 322 |
| 2 | 4 | 7 | 5 | 7 | 7 | 1 | 3 | 7 | 8 | 12 | 13 | 12 | |
| 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
- 530
- 480
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 10
- Depreciation
- 19
- 4
- Tax %
- 25.19%
- Net Profit
- 3
- 2
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 572
- 520
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 12
- Depreciation
- 19
- -101
- Tax %
- 107.17%
- Net Profit
- 7
- 4
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 521
- 471
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 15
- Depreciation
- 21
- 15
- Tax %
- 25.23%
- Net Profit
- 11
- 7
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 853
- 782
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 16
- Depreciation
- 33
- 18
- Tax %
- 25.99%
- Net Profit
- 14
- 5
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 818
- 749
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 17
- Depreciation
- 32
- 26
- Tax %
- 26.65%
- Net Profit
- 19
- 7
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 849
- 775
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 18
- Depreciation
- 31
- 28
- Tax %
- 29.25%
- Net Profit
- 20
- 7
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 837
- 769
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 19
- Depreciation
- 32
- 17
- Tax %
- 85.17%
- Net Profit
- 3
- 1
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 902
- 822
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 18
- Depreciation
- 35
- 19
- Tax %
- 54.75%
- Net Profit
- 9
- 3
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 16
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 881
- 805
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 16
- Depreciation
- 35
- 25
- Tax %
- 25.03%
- Net Profit
- 19
- 7
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 920
- 840
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 14
- Depreciation
- 36
- 31
- Tax %
- 26.43%
- Net Profit
- 23
- 8
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,015
- 923
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 14
- Depreciation
- 36
- 45
- Tax %
- 27.26%
- Net Profit
- 33
- 12
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 28
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,048
- 950
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 13
- Depreciation
- 38
- 49
- Tax %
- 23.74%
- 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
- 10,076
- Operating Profit
- —
- OPM %
- —
- Other Income
- 90
- Interest
- 151
- Depreciation
- 387
- 431
- Tax %
- 25.35%
- Net Profit
- 322
- 12
- Equity Capital
- 276
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 276
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 989 | 1,214 | 1,370 | 1,101 | 1,147 | 1,555 | 2,124 | 2,142 | 3,406 | 3,863 | 4,024 | |
| 893 | 1,079 | 1,228 | 1,024 | 1,057 | 1,427 | 1,906 | 1,961 | 3,112 | 3,518 | 3,722 | |
| Operating Profit | 99 | 140 | 152 | 99 | 94 | 134 | 229 | 183 | 306 | 357 | — |
| OPM % | 10 | 12 | 11 | 9 | 8 | 9 | 11 | 9 | 9 | 9 | — |
| Other Income | 3 | 6 | 11 | 22 | 4 | 7 | 12 | 3 | 12 | 12 | 19 |
| Interest | 28 | 30 | 29 | 33 | 24 | 22 | 29 | 51 | 73 | 59 | 57 |
| Depreciation | 45 | 50 | 53 | 52 | 52 | 61 | 73 | 81 | 130 | 145 | 148 |
| 26 | 60 | 70 | -23 | -45 | 51 | -98 | -91 | 90 | 150 | 168 | |
| Tax % | 21 | 31 | 33 | -4 | -13 | 29 | -29 | 116 | 45 | 26 | 26 |
| Net Profit | 21 | 42 | 47 | -24 | -51 | 37 | -127 | 15 | 50 | 111 | 125 |
| EPS | 20 | 37 | 40 | -20 | -40 | 24 | -78 | 9 | 30 | 40 | — |
| Dividend Payout % | 31 | 33 | 22 | 0 | 0 | 0 | 0 | 0 | 26 | 40 | — |
| 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 | 20 | 36 | 39 | -19 | -35 | 23 | -78 | 9 | 30 | 40 | — |
| 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 | 20 | 36 | 39 | -19 | -35 | 23 | -78 | 9 | 30 | 40 | — |
Mar 2017
- 989
- 893
- Operating Profit
- 99
- OPM %
- 10
- Other Income
- 3
- Interest
- 28
- Depreciation
- 45
- 26
- Tax %
- 21
- Net Profit
- 21
- EPS
- 20
- Dividend Payout %
- 31
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 20
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 20
Mar 2018
- 1,214
- 1,079
- Operating Profit
- 140
- OPM %
- 12
- Other Income
- 6
- Interest
- 30
- Depreciation
- 50
- 60
- Tax %
- 31
- Net Profit
- 42
- EPS
- 37
- Dividend Payout %
- 33
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 36
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 36
Mar 2019
- 1,370
- 1,228
- Operating Profit
- 152
- OPM %
- 11
- Other Income
- 11
- Interest
- 29
- Depreciation
- 53
- 70
- Tax %
- 33
- Net Profit
- 47
- EPS
- 40
- Dividend Payout %
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 39
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 39
Mar 2020
- 1,101
- 1,024
- Operating Profit
- 99
- OPM %
- 9
- Other Income
- 22
- Interest
- 33
- Depreciation
- 52
- -23
- Tax %
- -4
- Net Profit
- -24
- EPS
- -20
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -19
Mar 2021
- 1,147
- 1,057
- Operating Profit
- 94
- OPM %
- 8
- Other Income
- 4
- Interest
- 24
- Depreciation
- 52
- -45
- Tax %
- -13
- Net Profit
- -51
- EPS
- -40
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -35
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -35
Mar 2022
- 1,555
- 1,427
- Operating Profit
- 134
- OPM %
- 9
- Other Income
- 7
- Interest
- 22
- Depreciation
- 61
- 51
- Tax %
- 29
- Net Profit
- 37
- EPS
- 24
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 23
Mar 2023
- 2,124
- 1,906
- Operating Profit
- 229
- OPM %
- 11
- Other Income
- 12
- Interest
- 29
- Depreciation
- 73
- -98
- Tax %
- -29
- Net Profit
- -127
- EPS
- -78
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -78
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -78
Mar 2024
- 2,142
- 1,961
- Operating Profit
- 183
- OPM %
- 9
- Other Income
- 3
- Interest
- 51
- Depreciation
- 81
- -91
- Tax %
- 116
- Net Profit
- 15
- EPS
- 9
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 9
Mar 2025
- 3,406
- 3,112
- Operating Profit
- 306
- OPM %
- 9
- Other Income
- 12
- Interest
- 73
- Depreciation
- 130
- 90
- Tax %
- 45
- Net Profit
- 50
- EPS
- 30
- Dividend Payout %
- 26
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 30
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 30
Mar 2026
- 3,863
- 3,518
- Operating Profit
- 357
- OPM %
- 9
- Other Income
- 12
- Interest
- 59
- Depreciation
- 145
- 150
- Tax %
- 26
- Net Profit
- 111
- EPS
- 40
- Dividend Payout %
- 40
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 40
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 40
TTM
- 4,024
- 3,722
- Operating Profit
- —
- OPM %
- —
- Other Income
- 19
- Interest
- 57
- Depreciation
- 148
- 168
- Tax %
- 26
- Net Profit
- 125
- 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:
- 27%
- 3 Years:
- 22%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 23%
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 12%
- 5 Years:
- 23%
- 3 Years:
- 19%
- 1 Year:
- 24%
RETURN ON EQUITY
- 10 Years:
- 3%
- 5 Years:
- 0%
- 3 Years:
- 11%
- Last Year:
- 15%
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 | 11 | 12 | 12 | 13 | 15 | 16 | 16 | 16 | 16 | 28 |
| 160 | 250 | 299 | 280 | 284 | 359 | 231 | 245 | 661 | 746 | |
| 166 | 152 | 208 | 218 | 216 | 279 | 339 | 338 | 425 | 538 | |
| Trade Payables | 173 | 234 | 191 | 154 | 263 | 292 | 325 | 285 | 497 | 549 |
| 184 | 182 | 194 | 205 | 176 | 263 | 297 | 357 | 565 | 596 | |
| Total Liabilities | 693 | 830 | 904 | 870 | 953 | 1,209 | 1,208 | 1,242 | 2,165 | 2,456 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 320 | 343 | 342 | 334 | 316 | 368 | 393 | 431 | 673 | 720 | |
| Capital Work in Progress | 27 | 14 | 12 | 10 | 15 | 16 | 16 | 13 | 59 | 69 |
| 0 | 0 | 1 | 80 | 107 | 174 | 40 | 29 | 46 | 58 | |
| 110 | 136 | 155 | 133 | 132 | 191 | 232 | 240 | 433 | 497 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 340 | 709 | 797 | |
| Cash & Bank | 3 | 6 | 11 | 17 | 7 | 8 | 14 | 19 | 30 | 41 |
| 232 | 331 | 384 | 295 | 375 | 452 | 513 | 169 | 215 | 275 | |
| Total Assets | 693 | 830 | 904 | 870 | 953 | 1,209 | 1,208 | 1,242 | 2,165 | 2,456 |
| Total Debt | 295 | 271 | 320 | 358 | 306 | 447 | 525 | 701 | 761 | 634 |
| Net Working Capital | -79 | -9 | -10 | -74 | -108 | -73 | -53 | -120 | -21 | -137 |
| Contingent Liabilities | 118 | 187 | 197 | 274 | 179 | 165 | 179 | 34 | 80 | 88 |
| Book Value per Share | 162.65 | 225.18 | 260.04 | 233.15 | 204.72 | 230.44 | 151.88 | 160.61 | 416.27 | 279.74 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 295 | 271 | 320 | 358 | 306 | 447 | 525 | 701 | 761 | 634 |
| Net Working Capital | -79 | -9 | -10 | -74 | -108 | -73 | -53 | -120 | -21 | -137 |
| Contingent Liabilities | 118 | 187 | 197 | 274 | 179 | 165 | 179 | 34 | 80 | 88 |
| Book Value per Share | 162.65 | 225.18 | 260.04 | 233.15 | 204.72 | 230.44 | 151.88 | 160.61 | 416.27 | 279.74 |
| 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
- 160
- 166
- Trade Payables
- 173
- 184
- Total Liabilities
- 693
- 320
- Capital Work in Progress
- 27
- 0
- 110
- 0
- Cash & Bank
- 3
- 232
- Total Assets
- 693
- Total Debt
- 295
- Net Working Capital
- -79
- Contingent Liabilities
- 118
- Book Value per Share
- 162.65
- Face Value
- 10.00
- Total Debt
- 295
- Net Working Capital
- -79
- Contingent Liabilities
- 118
- Book Value per Share
- 162.65
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 12
- 250
- 152
- Trade Payables
- 234
- 182
- Total Liabilities
- 830
- 343
- Capital Work in Progress
- 14
- 0
- 136
- 0
- Cash & Bank
- 6
- 331
- Total Assets
- 830
- Total Debt
- 271
- Net Working Capital
- -9
- Contingent Liabilities
- 187
- Book Value per Share
- 225.18
- Face Value
- 10.00
- Total Debt
- 271
- Net Working Capital
- -9
- Contingent Liabilities
- 187
- Book Value per Share
- 225.18
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 12
- 299
- 208
- Trade Payables
- 191
- 194
- Total Liabilities
- 904
- 342
- Capital Work in Progress
- 12
- 1
- 155
- 0
- Cash & Bank
- 11
- 384
- Total Assets
- 904
- Total Debt
- 320
- Net Working Capital
- -10
- Contingent Liabilities
- 197
- Book Value per Share
- 260.04
- Face Value
- 10.00
- Total Debt
- 320
- Net Working Capital
- -10
- Contingent Liabilities
- 197
- Book Value per Share
- 260.04
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 13
- 280
- 218
- Trade Payables
- 154
- 205
- Total Liabilities
- 870
- 334
- Capital Work in Progress
- 10
- 80
- 133
- 0
- Cash & Bank
- 17
- 295
- Total Assets
- 870
- Total Debt
- 358
- Net Working Capital
- -74
- Contingent Liabilities
- 274
- Book Value per Share
- 233.15
- Face Value
- 10.00
- Total Debt
- 358
- Net Working Capital
- -74
- Contingent Liabilities
- 274
- Book Value per Share
- 233.15
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 15
- 284
- 216
- Trade Payables
- 263
- 176
- Total Liabilities
- 953
- 316
- Capital Work in Progress
- 15
- 107
- 132
- 0
- Cash & Bank
- 7
- 375
- Total Assets
- 953
- Total Debt
- 306
- Net Working Capital
- -108
- Contingent Liabilities
- 179
- Book Value per Share
- 204.72
- Face Value
- 10.00
- Total Debt
- 306
- Net Working Capital
- -108
- Contingent Liabilities
- 179
- Book Value per Share
- 204.72
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 16
- 359
- 279
- Trade Payables
- 292
- 263
- Total Liabilities
- 1,209
- 368
- Capital Work in Progress
- 16
- 174
- 191
- 0
- Cash & Bank
- 8
- 452
- Total Assets
- 1,209
- Total Debt
- 447
- Net Working Capital
- -73
- Contingent Liabilities
- 165
- Book Value per Share
- 230.44
- Face Value
- 10.00
- Total Debt
- 447
- Net Working Capital
- -73
- Contingent Liabilities
- 165
- Book Value per Share
- 230.44
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 16
- 231
- 339
- Trade Payables
- 325
- 297
- Total Liabilities
- 1,208
- 393
- Capital Work in Progress
- 16
- 40
- 232
- 0
- Cash & Bank
- 14
- 513
- Total Assets
- 1,208
- Total Debt
- 525
- Net Working Capital
- -53
- Contingent Liabilities
- 179
- Book Value per Share
- 151.88
- Face Value
- 10.00
- Total Debt
- 525
- Net Working Capital
- -53
- Contingent Liabilities
- 179
- Book Value per Share
- 151.88
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 16
- 245
- 338
- Trade Payables
- 285
- 357
- Total Liabilities
- 1,242
- 431
- Capital Work in Progress
- 13
- 29
- 240
- 340
- Cash & Bank
- 19
- 169
- Total Assets
- 1,242
- Total Debt
- 701
- Net Working Capital
- -120
- Contingent Liabilities
- 34
- Book Value per Share
- 160.61
- Face Value
- 10.00
- Total Debt
- 701
- Net Working Capital
- -120
- Contingent Liabilities
- 34
- Book Value per Share
- 160.61
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 16
- 661
- 425
- Trade Payables
- 497
- 565
- Total Liabilities
- 2,165
- 673
- Capital Work in Progress
- 59
- 46
- 433
- 709
- Cash & Bank
- 30
- 215
- Total Assets
- 2,165
- Total Debt
- 761
- Net Working Capital
- -21
- Contingent Liabilities
- 80
- Book Value per Share
- 416.27
- Face Value
- 10.00
- Total Debt
- 761
- Net Working Capital
- -21
- Contingent Liabilities
- 80
- Book Value per Share
- 416.27
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 28
- 746
- 538
- Trade Payables
- 549
- 596
- Total Liabilities
- 2,456
- 720
- Capital Work in Progress
- 69
- 58
- 497
- 797
- Cash & Bank
- 41
- 275
- Total Assets
- 2,456
- Total Debt
- 634
- Net Working Capital
- -137
- Contingent Liabilities
- 88
- Book Value per Share
- 279.74
- Face Value
- 10.00
- Total Debt
- 634
- Net Working Capital
- -137
- Contingent Liabilities
- 88
- Book Value per Share
- 279.74
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 90 | 73 | 71 | 116 | 107 | 29 | 130 | 130 | 339 | 221 | |
| Cash from Investing | -60 | -70 | -87 | -134 | -95 | -176 | -173 | -250 | -174 | 3 |
| Cash from Financing | -28 | -1 | 21 | 24 | -23 | 149 | 50 | 125 | -173 | -203 |
| 1 | 3 | 5 | 6 | -12 | 2 | 7 | 5 | -7 | 21 | |
| Free Cash Flow | 90 | 13 | 20 | 74 | 68 | -83 | 33 | 18 | -441 | 32 |
| OCF / Net Profit | 4.33 | 1.75 | 1.49 | -4.77 | -2.11 | 0.80 | -1.02 | 8.74 | 6.84 | 1.99 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 265 | 93 | 113 | 110 | -405 | -440 |
| OCF / Net Profit | 4.33 | 1.75 | 1.49 | -4.77 | -2.11 | 0.80 | -1.02 | 8.74 | 6.84 | 1.99 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 265 | 93 | 113 | 110 | -405 | -440 |
Mar 2017
- 90
- Cash from Investing
- -60
- Cash from Financing
- -28
- 1
- Free Cash Flow
- 90
- OCF / Net Profit
- 4.33
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.33
- Cumulative 5-Year FCF
- 0
Mar 2018
- 73
- Cash from Investing
- -70
- Cash from Financing
- -1
- 3
- Free Cash Flow
- 13
- OCF / Net Profit
- 1.75
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.75
- Cumulative 5-Year FCF
- 0
Mar 2019
- 71
- Cash from Investing
- -87
- Cash from Financing
- 21
- 5
- Free Cash Flow
- 20
- OCF / Net Profit
- 1.49
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.49
- Cumulative 5-Year FCF
- 0
Mar 2020
- 116
- Cash from Investing
- -134
- Cash from Financing
- 24
- 6
- Free Cash Flow
- 74
- OCF / Net Profit
- -4.77
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -4.77
- Cumulative 5-Year FCF
- 0
Mar 2021
- 107
- Cash from Investing
- -95
- Cash from Financing
- -23
- -12
- Free Cash Flow
- 68
- OCF / Net Profit
- -2.11
- Cumulative 5-Year FCF
- 265
- OCF / Net Profit
- -2.11
- Cumulative 5-Year FCF
- 265
Mar 2022
- 29
- Cash from Investing
- -176
- Cash from Financing
- 149
- 2
- Free Cash Flow
- -83
- OCF / Net Profit
- 0.80
- Cumulative 5-Year FCF
- 93
- OCF / Net Profit
- 0.80
- Cumulative 5-Year FCF
- 93
Mar 2023
- 130
- Cash from Investing
- -173
- Cash from Financing
- 50
- 7
- Free Cash Flow
- 33
- OCF / Net Profit
- -1.02
- Cumulative 5-Year FCF
- 113
- OCF / Net Profit
- -1.02
- Cumulative 5-Year FCF
- 113
Mar 2024
- 130
- Cash from Investing
- -250
- Cash from Financing
- 125
- 5
- Free Cash Flow
- 18
- OCF / Net Profit
- 8.74
- Cumulative 5-Year FCF
- 110
- OCF / Net Profit
- 8.74
- Cumulative 5-Year FCF
- 110
Mar 2025
- 339
- Cash from Investing
- -174
- Cash from Financing
- -173
- -7
- Free Cash Flow
- -441
- OCF / Net Profit
- 6.84
- Cumulative 5-Year FCF
- -405
- OCF / Net Profit
- 6.84
- Cumulative 5-Year FCF
- -405
Mar 2026
- 221
- Cash from Investing
- 3
- Cash from Financing
- -203
- 21
- Free Cash Flow
- 32
- OCF / Net Profit
- 1.99
- Cumulative 5-Year FCF
- -440
- OCF / Net Profit
- 1.99
- Cumulative 5-Year FCF
- -440
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 (₹) | 19.66 | 36.01 | 39.47 | -19.47 | -34.79 | 22.50 | -77.78 | 9.15 | 30.49 | 40.32 |
| Book Value (₹) | 162.65 | 225.18 | 260.04 | 233.15 | 204.72 | 230.44 | 151.88 | 160.61 | 416.27 | 279.74 |
| 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 (₹) | 62.75 | 78.98 | 83.77 | 22.30 | 1.11 | 60.06 | -32.91 | 58.98 | 110.43 | 92.67 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 8.44% | 11.10% | 11.12% | 9.02% | 8.17% | 8.51% | 10.66% | 8.33% | 8.48% | 8.76% |
| Net Margin % | 1.75% | 3.31% | 3.45% | -2.22% | -4.42% | 2.32% | -5.88% | 0.69% | 1.43% | 2.83% |
| ROE % | 12.78% | 19.34% | 16.50% | -8.09% | -17.16% | 10.88% | -40.69% | 5.85% | 10.57% | 15.37% |
| ROCE % | 11.95% | 18.02% | 17.00% | 1.44% | -3.31% | 10.22% | -8.72% | -4.57% | 13.53% | 14.61% |
| 3.06% | 5.49% | 5.45% | -2.76% | -5.56% | 3.39% | -10.47% | 1.21% | 2.91% | 4.82% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 42 | 53 | 58 | 63 | 64 | 64 | 59 | 61 | 55 | 70 |
| Inventory Days | 32 | 36 | 39 | 48 | 42 | 37 | 36 | 40 | 35 | 43 |
| Payable Days | 89 | 91 | 78 | 88 | 113 | 108 | 88 | 88 | 78 | 90 |
| -16 | -2 | 18 | 23 | -6 | -7 | 7 | 12 | 12 | 23 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 1.72x | 1.04x | 1.03x | 1.22x | 1.03x | 1.19x | 2.12x | 2.68x | 1.12x | 0.82x |
| Interest Coverage (x) | 1.95x | 2.99x | 3.43x | 0.28x | -0.88x | 3.35x | -2.42x | -0.78x | 2.23x | 3.54x |
| 0.79x | 0.98x | 0.98x | 0.82x | 0.79x | 0.89x | 0.93x | 0.85x | 0.98x | 0.91x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 14.91% | 22.71% | 12.88% | -19.68% | 4.24% | 35.55% | 36.56% | 0.88% | 58.99% | 13.43% |
| Operating Profit Growth % | 24.69% | 41.17% | 8.60% | -34.84% | -5.59% | 43.48% | 70.63% | -20.07% | 66.95% | 16.55% |
| Net Profit Growth % | 46.63% | 102.37% | 12.99% | -151.71% | -107.49% | 172.22% | -445.64% | 111.76% | 233.40% | 124.63% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 111.76% | 233.40% | 32.23% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 75.26x | 20.65x | 15.42x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.29x | 1.51x | 2.22x |
| 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 | 9.82x | 5.73x | 6.48x |
Mar 2017
- EPS (₹)
- 19.66
- Book Value (₹)
- 162.65
- Dividend per Share (₹)
- 6.00
- Cash EPS (₹)
- 62.75
- Operating Margin %
- 8.44%
- Net Margin %
- 1.75%
- ROE %
- 12.78%
- ROCE %
- 11.95%
- 3.06%
- Debtor Days
- 42
- Inventory Days
- 32
- Payable Days
- 89
- -16
- Debt to Equity (x)
- 1.72x
- Interest Coverage (x)
- 1.95x
- 0.79x
- Revenue Growth %
- 14.91%
- Operating Profit Growth %
- 24.69%
- Net Profit Growth %
- 46.63%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 36.01
- Book Value (₹)
- 225.18
- Dividend per Share (₹)
- 12.00
- Cash EPS (₹)
- 78.98
- Operating Margin %
- 11.10%
- Net Margin %
- 3.31%
- ROE %
- 19.34%
- ROCE %
- 18.02%
- 5.49%
- Debtor Days
- 53
- Inventory Days
- 36
- Payable Days
- 91
- -2
- Debt to Equity (x)
- 1.04x
- Interest Coverage (x)
- 2.99x
- 0.98x
- Revenue Growth %
- 22.71%
- Operating Profit Growth %
- 41.17%
- Net Profit Growth %
- 102.37%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 39.47
- Book Value (₹)
- 260.04
- Dividend per Share (₹)
- 8.50
- Cash EPS (₹)
- 83.77
- Operating Margin %
- 11.12%
- Net Margin %
- 3.45%
- ROE %
- 16.50%
- ROCE %
- 17.00%
- 5.45%
- Debtor Days
- 58
- Inventory Days
- 39
- Payable Days
- 78
- 18
- Debt to Equity (x)
- 1.03x
- Interest Coverage (x)
- 3.43x
- 0.98x
- Revenue Growth %
- 12.88%
- Operating Profit Growth %
- 8.60%
- Net Profit Growth %
- 12.99%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -19.47
- Book Value (₹)
- 233.15
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 22.30
- Operating Margin %
- 9.02%
- Net Margin %
- -2.22%
- ROE %
- -8.09%
- ROCE %
- 1.44%
- -2.76%
- Debtor Days
- 63
- Inventory Days
- 48
- Payable Days
- 88
- 23
- Debt to Equity (x)
- 1.22x
- Interest Coverage (x)
- 0.28x
- 0.82x
- Revenue Growth %
- -19.68%
- Operating Profit Growth %
- -34.84%
- Net Profit Growth %
- -151.71%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -34.79
- Book Value (₹)
- 204.72
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.11
- Operating Margin %
- 8.17%
- Net Margin %
- -4.42%
- ROE %
- -17.16%
- ROCE %
- -3.31%
- -5.56%
- Debtor Days
- 64
- Inventory Days
- 42
- Payable Days
- 113
- -6
- Debt to Equity (x)
- 1.03x
- Interest Coverage (x)
- -0.88x
- 0.79x
- Revenue Growth %
- 4.24%
- Operating Profit Growth %
- -5.59%
- Net Profit Growth %
- -107.49%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 22.50
- Book Value (₹)
- 230.44
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 60.06
- Operating Margin %
- 8.51%
- Net Margin %
- 2.32%
- ROE %
- 10.88%
- ROCE %
- 10.22%
- 3.39%
- Debtor Days
- 64
- Inventory Days
- 37
- Payable Days
- 108
- -7
- Debt to Equity (x)
- 1.19x
- Interest Coverage (x)
- 3.35x
- 0.89x
- Revenue Growth %
- 35.55%
- Operating Profit Growth %
- 43.48%
- Net Profit Growth %
- 172.22%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -77.78
- Book Value (₹)
- 151.88
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -32.91
- Operating Margin %
- 10.66%
- Net Margin %
- -5.88%
- ROE %
- -40.69%
- ROCE %
- -8.72%
- -10.47%
- Debtor Days
- 59
- Inventory Days
- 36
- Payable Days
- 88
- 7
- Debt to Equity (x)
- 2.12x
- Interest Coverage (x)
- -2.42x
- 0.93x
- Revenue Growth %
- 36.56%
- Operating Profit Growth %
- 70.63%
- Net Profit Growth %
- -445.64%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 9.15
- Book Value (₹)
- 160.61
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 58.98
- Operating Margin %
- 8.33%
- Net Margin %
- 0.69%
- ROE %
- 5.85%
- ROCE %
- -4.57%
- 1.21%
- Debtor Days
- 61
- Inventory Days
- 40
- Payable Days
- 88
- 12
- Debt to Equity (x)
- 2.68x
- Interest Coverage (x)
- -0.78x
- 0.85x
- Revenue Growth %
- 0.88%
- Operating Profit Growth %
- -20.07%
- Net Profit Growth %
- 111.76%
- 111.76%
- P/E (x)
- 75.26x
- P/B (x)
- 4.29x
- Dividend Yield %
- 0.00%
- 9.82x
Mar 2025
- EPS (₹)
- 30.49
- Book Value (₹)
- 416.27
- Dividend per Share (₹)
- 8.00
- Cash EPS (₹)
- 110.43
- Operating Margin %
- 8.48%
- Net Margin %
- 1.43%
- ROE %
- 10.57%
- ROCE %
- 13.53%
- 2.91%
- Debtor Days
- 55
- Inventory Days
- 35
- Payable Days
- 78
- 12
- Debt to Equity (x)
- 1.12x
- Interest Coverage (x)
- 2.23x
- 0.98x
- Revenue Growth %
- 58.99%
- Operating Profit Growth %
- 66.95%
- Net Profit Growth %
- 233.40%
- 233.40%
- P/E (x)
- 20.65x
- P/B (x)
- 1.51x
- Dividend Yield %
- 1.27%
- 5.73x
Mar 2026
- EPS (₹)
- 40.32
- Book Value (₹)
- 279.74
- Dividend per Share (₹)
- 16.00
- Cash EPS (₹)
- 92.67
- Operating Margin %
- 8.76%
- Net Margin %
- 2.83%
- ROE %
- 15.37%
- ROCE %
- 14.61%
- 4.82%
- Debtor Days
- 70
- Inventory Days
- 43
- Payable Days
- 90
- 23
- Debt to Equity (x)
- 0.82x
- Interest Coverage (x)
- 3.54x
- 0.91x
- Revenue Growth %
- 13.43%
- Operating Profit Growth %
- 16.55%
- Net Profit Growth %
- 124.63%
- 32.23%
- P/E (x)
- 15.42x
- P/B (x)
- 2.22x
- Dividend Yield %
- 2.57%
- 6.48x
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-madras-limited/.
- Investor Presentation
2026-08-20 - Rane (Madras) Limited has informed the Exchange about Investor Presentation
Annual Reports
Credit Ratings
- Credit Rating- Revision
2026-07-09 - CRISIL Ratings has upgraded the ratings of the Company's credit facilities