Rane (Madras)
- Market cap
- ₹ 3,221 Cr.
- P/E
- 28x
- P/B
- 4.41x
- 52-week range
- 608.5 – 1,440
- ROE
- 15%
- ROCE
- 14%
- Dividend yield
- 1.3%
- Debt / equity
- 1
- Sector
- Auto Components
- Industry
- Auto Components & Equipments
- Listed on
- NSE, BSE
About
Rane (Madras) Limited is an India-based company. The Company is engaged in manufacturing of steering and suspension linkage products, steering gear products and specialized aluminum high pressure die-casting products. It has two divisions, namely Steering and Linkages Division (SLD) and Light Metal Casting India Division (LMCI). The Company operates in a single reportable segment, namely components for the transportation industry. Its products include steering gear products, suspension and linkage products, hydraulic products, light metal casting products, and other automotive parts. Its products serve a variety of industry segments, including passenger vehicles, commercial vehicles, farm tractors, two-wheelers, three-wheelers, railways, and stationary engines. It has manufacturing facilities at Tamil Nadu, Puducherry, Karnataka, Uttarakhand, and Telangana. The Company’s subsidiaries are Rane Automotive Components S. DE. R.L De. C.V. and Rane (Madras) International Holdings B.V.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Auto Components & Equipments: 155 companies →Rane (Madras) against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)28 against a typical 27.4: pricier than most peers (1st = cheapest).79th of 153
- Sales growth+18.3% against a typical +20.7% from a year earlier.82nd of 142
- Profit growth+57.9% against a typical +15.3% from a year earlier.32nd of 127
- Share price, 3 months+9.7% against a typical −4.4%.37th of 142
- Size₹ 3,220.6 Cr. market value against a typical ₹ 728 Cr. (1st = largest).38th of 138
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA- by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AA- | Stable | 9 Jul 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 9 Jul 2026 | ▲ Upgrade1 notch | Crisil A+ → Crisil AA- | — | CRISIL | — | |
| 29 Dec 2025 | Reaffirmed | Crisil A+ | — | CRISIL | ₹ 1,035 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 3 Nov 2026Upcoming | Financial Results | RANE (MADRAS) Limited. has informed that the meeting of the Board of Directors of the Company is scheduled on November 03, 2026, inter alia, to consider and approve the Unaudited Financial Results for the quarter and half-year ending September 30, 2026. Further, in accordance with Rane's Insider code, the 'Trading window' would remain closed for Promoters, Directors, other connected persons and designated employees of the company from September 30, 2026 to November 05, 2026 (both days inclusive) for the above purpose. |
| 5 Aug 2026 | Financial Results | RANE (MADRAS) LTD. has informed that the meeting of the Board of Directors of the Company is scheduled on August 05, 2026, inter alia, to consider and approve the Unaudited Financial Results for the quarter ending June 30, 2026. Further, in accordance with Rane's lnsider code, the 'Trading window' would remain closed for Promoters, Directors, other connected persons and designated employees of the company from June 30, 2026 to August 07, 2026 (both days inclusive) for the above purpose. |
| 6 May 2026 | Financial Results | RANE (MADRAS) LTD. has informed NSE that the meeting of the Board of Directors of the Company is scheduled on May 06, 2026, inter alia, to consider and approve the Audited Financial Results for the quarter and year ending March 31, 2026. Further, in accordance with Rane's Insider code, the 'Trading window' would remain closed for Promoters, Directors, other connected persons and designated employees of the company from March 31, 2026 to May 08, 2026 (both days inclusive) for the above purpose. |
| 4 Feb 2026 | Financial Results | RANE (MADRAS) LTD. has informed that the meeting of the Board of Directors of the Company is scheduled on February 04,2026, inter alia, to consider and approve the Un-Audited Financial Results for the quarter ending December 31, 2025. Further, in accordance with Rane's Insider code, the 'Trading window' would remain closed for Promoters, Directors, other connected persons and designated employees of the company from December 31, 2025 to February 06, 2026 (both days inclusive) for the above purpose. |
| 4 Nov 2025 | Financial Results | RANE (MADRAS) LTD. has informed NSE that the meeting of the Board of Directors of the Company is scheduled on November 04,2025, inter alia, to consider and approve the Un-Audited Financial Results for the quarter ending September 30,2025. Further, in accordance with Rane's Insider code, the 'Trading window' would remain closed for Promoters, Directors, other connected persons and designated employees of the company from September 30,2025 to November 06,2025(both days inclusive) for the above purpose. |
| 5 Aug 2025 | Financial Results | RANE (MADRAS) LTD. has informed that the meeting of the Board of Directors of the Company is scheduled on August 05, 2025, inter alia, to consider and approve the Unaudited Financial Results for the quarter ending June 30, 2025. Further, in accordance with Rane's Insider code, the 'Trading window' would remain closed for Promoters, Directors, other connected persons and designated employees of the company from June 30, 2025 to August 07, 2025 (both days inclusive) for the above purpose. |
| 27 May 2025 | Financial Results | RANE (MADRAS) LTD. has informed that the meeting of the Board of Directors of the Company is scheduled on May 27, 2025, inter alia, to consider and approve the Audited Financial Results for the quarter and year ending March 31, 2025. Further, in accordance with Rane's lnsider code, the 'Trading window' would remain closed for Promoters, Directors, other connected persons and designated employees of the company from March 31, 2025 to May 29, 2025 (both days inclusive) for the above purpose. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 611 | 521 | 853 | 818 | 849 | 837 | 901 | 881 | 919 | 1,015 | 1,048 | 1,042 |
| Expenses | 579 | 474 | 784 | 753 | 777 | 771 | 823 | 806 | 841 | 924 | 952 | 955 |
| Operating Profit | 32 | 47 | 69 | 65 | 72 | 66 | 79 | 75 | 79 | 91 | 96 | 87 |
| OPM % | 5% | 9% | 8% | 8% | 9% | 8% | 9% | 8% | 9% | 9% | 9% | 8% |
| Other Income | −85 | 1 | −4 | 6 | 2 | 2 | −8 | 3 | 2 | 3 | 4 | 9 |
| Interest | 13 | 15 | 16 | 17 | 18 | 20 | 18 | 17 | 15 | 15 | 12 | 15 |
| Depreciation | 24 | 21 | 33 | 32 | 32 | 33 | 36 | 36 | 37 | 36 | 38 | 39 |
| Profit before tax | −90 | 13 | 16 | 21 | 24 | 15 | 17 | 25 | 30 | 43 | 49 | 41 |
| Tax % | −120% | 29% | 31% | 32% | 34% | 97% | 62% | 25% | 28% | 29% | 24% | 27% |
| Net Profit | 18 | 9 | 11 | 15 | 16 | 0 | 7 | 19 | 21 | 31 | 37 | 30 |
| EPS in Rs | 10.93 | 5.59 | 6.62 | 8.99 | 9.91 | 0.24 | 4.01 | 6.7 | 7.77 | 11.04 | 13.37 | 10.89 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 16%
- 5 Years
- 25%
- 3 Years
- 18%
- TTM
- 16%
- 10 Years
- 22%
- 5 Years
- 30%
- 3 Years
- 47%
- TTM
- 188%
- 10 Years
- 12%
- 5 Years
- 23%
- 3 Years
- 19%
- TTM
- —
- 10 Years
- 9%
- 5 Years
- 15%
- 3 Years
- 18%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Rane (Madras) | ₹ 1,223.50 | ₹ 3,221 Cr. | 28x | 4.4x | 15% | — |
| Samvardhana Motherson International | ₹ 151.00 | ₹ 1,59,367 Cr. | 35.1x | 3.7x | 10.2% | 3.2% |
| Cummins India | ₹ 4,338.90 | ₹ 1,20,274 Cr. | 62.3x | 17.8x | 29.5% | 19.5% |
| Bosch | ₹ 44,045.85 | ₹ 1,29,918 Cr. | 51.3x | 8.1x | 19.4% | 13.8% |
| UNO Minda | ₹ 1,052.00 | ₹ 60,749 Cr. | 54.8x | 9.8x | 19.1% | 6.5% |
| Sona Blw Precision Forgings | ₹ 752.80 | ₹ 46,984 Cr. | 64.6x | 7.3x | 11.2% | 14.1% |
Management
- Harish Lakshman
- Chairman of the Board and Managing Director, Executive Director
- B. Gnanasambandam ..
- Executive Vice President - Finance and Chief Financial Officer
- Konark Kumar Gupta
- President - Aftermarket Products Division
- .. Venkatraman
- Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.