Is Rane (Madras) Ltd (RML) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Rane (Madras) Ltd is a average quality company .

Is Rane (Madras) Ltd (RML) undervalued or overvalued?

The key valuation ratios of Rane (Madras) Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Rane (Madras) Ltd (RML) share price return in the past 10 years?

Rane (Madras) Ltd share price has appreciated 8.4% annually (CAGR) over the past ten years.

Is Rane (Madras) Ltd (RML) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Rane (Madras) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Rane (Madras) Ltd (RML)?

Company share prices are keep on changing according to the market conditions. The current trading price of Rane (Madras) Ltd (RML) on 17-Apr-2026 16:59:59 at 16:59 is 767.60.

What is the P/E ratio of Rane (Madras)?

The latest standalone P/E ratio of Rane (Madras) as of 17-Apr-2026 is 25.61.

What is the P/B ratio of Rane (Madras) Ltd (RML)?

The latest standalone P/B ratio of Rane (Madras) Ltd (RML) as of 17-Apr-2026 is 2.89.

What is the 52-week high and low of Rane (Madras) Ltd (RML)?

The 52-week high of Rane (Madras) Ltd (RML) is Rs. 1054.55 and the 52-week low is Rs. 612.50.

Rane (Madras) Ltd (RML) Share Analysis – Cycle Position, Quality & Valuation Zone & DeciZen Rating

Name: Rane (Madras) Ltd (RML)
Brand: Rane (Madras)

Rane (Madras) Ltd (RML) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Rane (Madras) Ltd (RML)

BSE: 532661 NSE: RML

Key Metrics

Market Cap

₹2,121 Cr.

P/E Ratio

25.61

Price to Book (P/B)

2.89

Price to Sales (P/S)

0.57

EV/EBITDA

8.45

Return on Capital Employed (ROCE)

13.53%

Current Price

₹767.6

Return on Equity (ROE)

10.57%

Return on Assets (ROA)

2.91%

Operating Profit Margin

Net Profit Margin

1.46%

Gross Profit Margin

6.7%

Book Value per Share

₹265.5

Sales Growth (YoY)

58.99%

Sales Growth (3 Years)

29.87%

Operating Profit Growth (1 Year)

62.6%

Operating Profit Growth (3 Years)

32.05%

Net Profit Growth (1 Year)

233.4%

52-Week Low / High

₹613 / 1,055

Net Profit Growth (3 Years)

10.66%

Dividend Yield

1.27%

Promoter Holding

70.45%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Revenue growth of Rane (Madras) Ltd?

Rane (Madras) Ltd revenue growth is 59% for FY-2025 , which is above its 5 year CAGR of 25.4% , indicating faster growth.

Q.1 Promoter shareholding and pledge status of Rane (Madras) Ltd?

Promoters hold 70.45% of the Rane (Madras) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Rane (Madras) Ltd vs industry peers?

Rane (Madras) Ltd revenue CAGR is 25.35% , compared to the industry median CAGR of 11.82% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does Rane (Madras) Ltd belong to?

Rane (Madras) Ltd belongs to the Automobiles sector, operating specifically within the Auto Ancillary segment.

Q.1 Stock return of Rane (Madras) Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 8.6% based on the current price.

DeciZen - make an informed investing decision on Rane Madras

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation

3. Price Trend

Rane (Madras) stock performance

Key Ratios

Is Rane (Madras) Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	9.4%	12%	18%	17%	1.4%	-3.3%	10.2%	-8.7%	-4.6%	13.5%	-
Value Creation Index ⓘ	-0.3	-0.2	0.3	0.2	-0.9	-1.2	-0.3	-1.6	-1.3	0.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	861	989	1,214	1,370	1,101	1,147	1,555	2,124	2,142	3,406	3,717
Sales YoY Gr.	-	14.9%	22.7%	12.9%	-19.7%	4.2%	35.6%	36.6%	0.9%	59%	-
Adj EPS ⓘ	17.3	22.4	34.7	40.2	-5.7	-4.2	22.4	15.6	77.1	40.7	30
YoY Gr.	-	29.6%	55%	15.8%	-114.2%	NA	NA	-30.4%	394.2%	-47.2%	-
BVPS (₹) ⓘ	145	162.7	225.2	260	233.2	204.7	230.4	151.9	160.6	416.3	265.5
Adj Net Profit ⓘ	18.2	23.6	40.3	48.2	-7.2	-6.2	36.5	25.4	125	66.2	83
Cash Flow from Ops. ⓘ	36.9	89.5	73.3	70.5	116	107	29.4	130	130	339	-
Debt/CF from Ops. ⓘ	7.6	3.3	3.7	4.5	3.1	2.9	15.2	4.1	5.4	2.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	16.5%	25.4%	29.9%	59%
Adj EPS ⓘ	10%	NA	22%	-47.2%
BVPSⓘ	12.4%	12.3%	21.8%	159.2%
Share Price	8.4%	16.6%	20.7%	7.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	11.6	14.2	18.4	16.7	-2.3	-2	10.7	8.2	49.3	13.9	8.8
Op. Profit Mgn % ⓘ	9.4	10.1	11.1	10.5	7	7.9	8.2	10.2	9.2	9	8.8
Net Profit Mgn % ⓘ	2.1	2.4	3.3	3.5	-0.7	-0.5	2.3	1.2	5.9	1.9	2.2
Debt to Equity ⓘ	1.7	1.7	1	1	1.2	1	1.2	2.1	2.7	1.1	-
Working Cap Days ⓘ	124	106	117	134	160	149	133	118	126	111	66
Cash Conv. Cycle ⓘ	27	20	32	46	56	36	34	37	44	45	-5

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	30	27.9
TTM Sales (₹ Cr.)	3,717	3,716
BVPS (₹) ⓘ	265.5	257.1
Reserves (₹ Cr.) ⓘ	706	683
P/BV ⓘ	2.89	2.99
PE ⓘ	25.61	27.54

From the Market
52 Week Low / High (₹)	612.50 / 1054.55
All Time Low / High (₹)	24.90 / 1525.75
Market Cap (₹ Cr.)	2,121
Equity (₹ Cr.)	27.6
Face Value (₹)	10
Industry PE ⓘ	44.2

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Rane Madras - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	861	989	1,214	1,370	1,101	1,147	1,555	2,124	2,142	3,406
Operating Expenses ⓘ +	783	893	1,079	1,228	1,024	1,057	1,427	1,906	1,961	3,112
Manufacturing Costs	127	158	190	202	164	181	239	306	330	580
Material Costs	473	543	681	801	645	675	933	1,282	1,265	1,819
Employee Cost	98	115	136	149	142	134	167	193	210	470
Other Costs ⓘ	84	78	72	77	72	67	88	125	156	243
Operating Profit ⓘ	78	96	135	142	77	90	128	218	181	294
Operating Profit Margin (%)	9.1%	9.7%	11.1%	10.3%	7.0%	7.8%	8.2%	10.2%	8.4%	8.6%
Other Income ⓘ +	2	3	6	11	22	4	7	12	3	12
Exceptional Items ⓘ	-3	0	0	0	-38	-63	0	-226	-142	-13
Interest ⓘ	19	28	30	29	33	24	22	29	51	73
Depreciation ⓘ	39	45	50	53	52	52	61	73	81	130
Profit Before Tax ⓘ	19	26	60	70	-23	-45	51	-98	-91	90
Tax ⓘ	5	6	18	23	1	6	15	28	-106	40
Profit After Tax	14	21	42	47	-24	-51	37	-127	15	50
PAT Margin (%)	1.6%	2.1%	3.4%	3.5%	-2.2%	-4.4%	2.4%	-6.0%	0.7%	1.5%
Adjusted EPS (₹)	12.9	19.7	36.0	39.5	-19.5	-34.8	22.5	-77.8	9.2	30.5
Dividend Payout Ratio (%)	35%	31%	33%	22%	0%	0%	0%	0%	0%	26%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	161	171	261	311	293	298	375	247	261	677
Share Capital ⓘ	19	11	12	12	13	15	16	16	16	16
Reserves ⓘ	142	160	250	299	280	284	359	231	245	661
Debt +	235	270	257	283	299	262	388	452	601	642
Long Term Debt	124	129	119	112	140	89	152	170	262	217
Short Term Debt	111	141	139	171	159	173	236	282	338	425
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	137	173	234	191	154	263	292	325	285	497
Others Liabilities ⓘ	125	79	77	118	124	130	154	184	95	348
Total Liabilities ⓘ	658	693	830	904	870	953	1,209	1,208	1,242	2,165
Fixed Assets
Net Fixed Assets ⓘ +	306	320	343	342	334	316	368	393	431	673
Gross Block	526	365	438	490	535	569	680	776	891	1,626
Accumulated Depreciation	220	45	95	148	201	253	312	384	460	953
CWIP ⓘ	7	27	14	12	10	15	16	16	13	59
Investments ⓘ	0	0	0	1	80	107	174	40	29	46
Inventories	93	110	136	155	133	132	191	232	240	433
Trade Receivables	122	151	213	219	163	242	313	381	340	709
Cash Equivalents	3	3	6	11	17	7	8	14	19	30
Others Assets ⓘ	126	82	118	165	132	133	139	132	169	215
Total Assets ⓘ	658	693	830	904	870	953	1,209	1,208	1,242	2,165

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	37	90	73	71	116	107	29	130	130	339
PBT ⓘ	19	26	60	70	-23	-45	51	-98	-91	90
Adjustment ⓘ	60	72	77	80	106	136	84	315	272	218
Changes in Working Capital ⓘ	-36	-5	-51	-59	42	25	-92	-52	-26	30
Tax Paid ⓘ	-6	-4	-13	-21	-8	-9	-15	-35	-25	1
Cash Flow From Investing Activity ⓘ +	-75	-60	-70	-87	-134	-95	-176	-173	-250	-174
Capex	-75	-68	-68	-49	-37	-46	-82	-98	-121	-156
Net Investments	0	0	0	-1	-98	0	-24	-76	-129	-20
Others ⓘ	0	7	-1	-37	-0	-49	-71	1	0	1
Cash Flow From Financing Activity ⓘ +	38	-28	-1	21	24	-23	149	50	125	-173
Net Proceeds from Shares ⓘ	0	0	60	20	17	53	30	0	0	0
Net Proceeds from Borrowing ⓘ	72	-22	-21	17	50	-65	78	31	118	-83
Interest Paid ⓘ	-19	-28	-31	-28	-31	-23	-21	-26	-48	-71
Dividend Paid ⓘ	-10	-2	-9	-13	-5	0	0	0	0	-27
Others ⓘ	-6	25	0	25	-6	12	62	46	55	8
Net Cash Flow ⓘ	-0	1	3	5	6	-12	2	7	5	-7

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	9.46	12.78	19.34	16.5	-8.09	-17.16	10.88	-40.69	5.85	10.57
ROCE (%)	9.39	11.95	18.02	17	1.44	-3.31	10.22	-8.72	-4.57	13.53
Asset Turnover Ratio	1.53	1.74	1.66	1.58	1.24	1.26	1.46	1.78	1.77	2.04
PAT to CFO Conversion(x)	2.64	4.29	1.74	1.51	N/A	N/A	0.78	N/A	8.67	6.78
Working Capital Days
Receivable Days	46	42	53	58	63	64	64	59	61	55
Inventory Days	35	32	36	39	48	42	37	36	40	35
Payable Days	89	89	91	78	88	113	108	88	88	78

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Rane (Madras) Ltd FAQs

The current trading price of Rane Madras on 17-Apr-2026 16:59 is ₹767.6.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 the market cap of Rane Madras stood at ₹2,121.4 Cr

The latest P/E ratio of Rane Madras as of 16-Apr-2026 is 25.61.

The latest P/B ratio of Rane Madras as of 16-Apr-2026 is 2.89.

The 52-week high of Rane Madras is ₹1,054.6 and the 52-week low is ₹612.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rane Madras is ₹3,717 ( Cr.) .

About Rane (Madras) Ltd

Rane (Madras) Ltd. started with the inception of manufacturing facilities in the year 1960.The company is the manufacturer of steering & suspension systems for every segment of automobile industry, viz Passenger cars, Multi utility vehicles, Light commercial vehicles, Heavy commercial vehicles and Farm tractors. Best in class manufacturing facilities.

It has got Strategic Technical partnerships with M/s TRW Inc, USA for Steering Gear Products & TRW Ehrenreich GmbH & Co., Germany for Steering Linkage Products Holds major market share in India both in Manual steering gear systems & suspension systems.

The production plants of the company at Chennai (2 plants), Mysore, Puducherry each address a specific industry segment. Independent manufacturing cells produce specialised high end components.

Chennai plant - Light Commercial vehicle, Heavy Commercial vehicle and Utility vehicles segments.
Mysore plant - Tractor and Commercial vehicle segments.
Puducherry plant - Passenger car segments.
Varanavasi (Chennai) plant - Exports market.
Uttarakhand plant - Caters specifically to the customers in the North of India.

Product range of the company includes:

Manual Steering Gears

Re - circulating ball type
Rack and Pinion

Steering Linkages

Tie rod assemblies
Drag link assemblies
Centre link assemblies
Gear shift ball joints

Suspension Linkages

Lower control arms
Lower & Upper
Suspension ball joints
Inner & Outer ball joints
Axle ball joints

Achievements/ recognition:

IS0/TS 16949:2002 certifications for each of its manufacturing locations
IS0 14001 certified plants
OHSAS 18001 certified
Deming Application Prize winner in the year 2007

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Rane (Madras) Ltd (RML) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Rane Madras Share Price