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Rane Madras Overview

Rane (Madras) Ltd manufactures and sells vehicle additives in India and internationally. It gives steering gears; guidance and suspension linkage merchandise; and high precision aluminium die castings. The enterprise markets and sells its products to the producers of passenger motors, software automobiles, and farm tractors. It also exports its merchandise. The organisation become based in 1960 and is centred in Chennai, India. Rane (Madras) Ltd is a subsidiary of Rane Holdings Ltd.

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Rane Madras Key Financials

Market Cap ₹2066 Cr.

Stock P/E 54.9

P/B 2.9

Current Price ₹747.6

Book Value ₹ 257.1

Face Value 10

52W High ₹1054.6

Dividend Yield 1.07%

52W Low ₹ 612.5

Rane Madras Share Price

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Volume
Price

Rane Madras Quarterly Price

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Rane Madras Peer Comparison

Rane Madras Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 611 521 853 818 849 837 901 881 919 1015
Other Income 1 1 3 6 3 3 4 4 4 4
Total Income 612 522 856 824 852 841 905 884 923 1019
Total Expenditure 579 474 784 753 777 771 823 806 841 924
Operating Profit 33 48 72 71 75 69 83 79 83 95
Interest 13 15 16 17 18 20 18 17 15 15
Depreciation 24 21 33 32 32 33 36 36 37 36
Exceptional Income / Expenses -85 0 -7 0 -0 -1 -12 -1 -2 -1
Profit Before Tax -90 13 16 21 24 15 17 25 30 43
Provision for Tax -108 4 5 7 8 15 10 6 8 12
Profit After Tax 18 9 11 15 16 0 7 19 21 31
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 18 9 11 15 16 0 7 19 21 31
Adjusted Earnings Per Share 10.9 5.6 6.6 9 9.9 0.2 4 6.7 7.8 11

Rane Madras Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 890 1195 1400 1555 1277 1267 1742 2354 2239 3406 3716
Other Income 2 11 9 10 17 7 6 18 5 16 16
Total Income 892 1207 1409 1565 1294 1274 1748 2372 2244 3421 3731
Total Expenditure 811 1107 1273 1438 1233 1236 1667 2171 2092 3122 3394
Operating Profit 80 100 136 127 62 38 80 201 151 299 340
Interest 19 30 34 35 38 28 21 35 57 76 65
Depreciation 41 57 61 66 66 66 81 97 91 132 145
Exceptional Income / Expenses -3 0 0 0 -2 0 47 -12 -106 -13 -16
Profit Before Tax 17 13 40 26 -45 -55 26 58 -103 78 115
Provision for Tax 5 8 16 23 1 6 15 28 -106 40 36
Profit After Tax 13 4 24 2 -46 -61 11 30 3 38 78
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 13 4 24 2 -46 -61 11 30 3 38 78
Adjusted Earnings Per Share 11.5 4.1 20.9 2 -36.3 -42 6.6 18.5 1.9 23.1 29.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 52% 25% 22% 0%
Operating Profit CAGR 98% 55% 37% 0%
PAT CAGR 1167% 51% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 4% 20% 17% 8%
ROE Average 8% 7% -2% 0%
ROCE Average 13% 6% 4% 6%

Rane Madras Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 159 157 230 230 184 182 228 242 256 671
Minority's Interest 0 0 0 0 0 0 0 0 0 0
Borrowings 140 157 149 141 200 189 234 244 262 217
Other Non-Current Liabilities 60 18 30 66 41 48 57 67 -75 -28
Total Current Liabilities 387 459 510 525 501 621 725 826 815 1309
Total Liabilities 746 791 920 963 926 1039 1245 1379 1259 2170
Fixed Assets 361 365 387 386 382 415 477 490 453 693
Other Non-Current Assets 82 69 77 103 151 142 124 125 106 187
Total Current Assets 303 357 456 473 393 482 643 764 700 1289
Total Assets 746 791 920 963 926 1039 1245 1379 1259 2170

Rane Madras Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 2 6 7 18 18 5 10 27 30
Cash Flow from Operating Activities 31 88 65 45 69 46 -6 88 120 316
Cash Flow from Investing Activities -74 -77 -78 -60 -103 -80 -124 -106 -119 -147
Cash Flow from Financing Activities 43 -7 14 26 34 21 134 35 -14 -176
Net Cash Inflow / Outflow -0 4 1 11 0 -13 5 17 -13 -7
Closing Cash & Cash Equivalent 2 6 7 18 18 5 10 27 23 23

Rane Madras Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 11.52 4.11 20.86 2.02 -36.27 -41.96 6.55 18.45 1.86 23.14
CEPS(Rs) 50.98 58.5 73.77 57.12 16.22 3.42 56.34 77.82 57.81 104.47
DPS(Rs) 4.5 6 12 8.5 0 0 0 0 0 8
Book NAV/Share(Rs) 143.62 149.57 193.57 192.31 139.86 117.98 140.22 148.52 157.32 405.36
Core EBITDA Margin(%) 8.05 6.39 8.92 7.5 3.47 2.48 4.35 7.7 6.48 8.18
EBIT Margin(%) 3.75 3.09 5.23 3.9 -0.49 -2.19 2.69 3.91 -2 4.44
Pre Tax Margin(%) 1.77 0.91 2.81 1.65 -3.49 -4.38 1.49 2.45 -4.52 2.25
PAT Margin (%) 1.3 0.31 1.7 0.16 -3.56 -4.82 0.62 1.26 0.13 1.09
Cash Profit Margin (%) 5.5 4.44 6.01 4.4 1.59 0.39 5.34 5.31 4.15 4.9
ROA(%) 2.82 0.56 2.83 0.26 -4.82 -6.22 0.93 2.29 0.23 2.2
ROE(%) 13.79 2.8 12.68 1.06 -22.44 -35.2 5.33 12.78 1.21 8.23
ROCE(%) 12.19 8.48 13.48 9.83 -0.95 -4.29 6.38 10.94 -4.89 12.89
Receivable days 36.94 46.15 55.52 57.69 62.4 66.37 66.44 59.3 61.12 55.18
Inventory Days 24.1 29.98 35.71 38.07 46.96 45.5 39.33 35.6 39.84 35.5
Payable days 64.8 93.37 95.01 82.75 96.49 123.53 110.23 87.69 88.48 78.63
PER(x) 26.04 119.87 40.07 177.75 0 0 53.69 22.05 370.81 27.21
Price/Book(x) 2.09 3.29 4.32 1.87 1.02 3.16 2.51 2.74 4.38 1.55
Dividend Yield(%) 1.5 1.22 1.44 2.37 0 0 0 0 0 1.27
EV/Net Sales(x) 0.73 0.73 0.94 0.53 0.49 0.79 0.65 0.55 0.8 0.51
EV/Core EBITDA(x) 8.13 8.75 9.71 6.55 10.23 26 14.12 6.41 11.87 5.85
Net Sales Growth(%) 406.53 34.29 17.14 11.06 -17.85 -0.76 37.44 35.16 -4.91 52.11
EBIT Growth(%) 84.4 17.19 74.29 -18.62 -110.24 -347.67 265.94 102.08 -148.7 439.1
PAT Growth(%) 1.92 -65.9 460.65 -90.01 -1980.99 -34.31 117.44 181.61 -89.94 1146.69
EPS Growth(%) -62.2 -64.33 407.52 -90.31 -1894.08 -15.69 115.61 181.61 -89.94 1146.67
Debt/Equity(x) 2.08 2.3 1.59 1.81 2.68 2.68 2.52 2.72 2.74 1.15
Current Ratio(x) 0.78 0.78 0.89 0.9 0.78 0.78 0.89 0.93 0.86 0.98
Quick Ratio(x) 0.52 0.5 0.59 0.57 0.47 0.52 0.6 0.62 0.56 0.65
Interest Cover(x) 1.9 1.42 2.17 1.73 -0.16 -1 2.24 2.68 -0.8 2.02
Total Debt/Mcap(x) 1.05 0.7 0.37 0.97 2.63 0.85 1.01 0.99 0.63 0.74

Rane Madras Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 72.65 72.65 72.65 72.65 72.65 72.65 70.45 70.45 70.45 70.45
FII 0 0.01 0.01 0.21 0.07 0.09 0.03 0.04 0.05 0.06
DII 0.63 0.47 0 0.13 0.13 0.12 1.02 1.02 1.01 0.96
Public 26.73 26.87 27.35 27.01 27.15 27.15 28.5 28.49 28.49 28.52
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Rane Madras News

Rane Madras Pros & Cons

Pros

  • Debtor days have improved from 88.48 to 78.63days.
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 7% over the last 3 years.
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