RANEHOLDINFinancial Services

Rane Holdings Limited

Holding Company · ISIN INE384A01010 · BSE 505800 · NSE EQ · FV ₹10
Last price
₹1,626
-0.25%today
What this company does

Rane Holdings Limited operates in Holding Company, part of the Financial Services sector. It booked ₹1,587 cr of revenue in its latest quarter (Q1 FY27) and kept 2.4% of sales as profit. It is the 6th largest of 9 Holding Company companies we track, by market value.

In the report:
51out of 100
Equitytale Health Score
Mixed

Healthier than 51% of companies in Financial Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 54–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
44

At close. Not part of the score.

Profitability & returns41

How much profit it earns on the money it employs

Cash quality83

Whether reported profit actually arrives as cash

Growth & consistency55

Whether sales and profit have grown, and how steadily

Valuation12

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 18% vs last year
Promoters hold 47%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Thin 2.4% net margin
! Profit down 26% vs last year

What if I invest in RANEHOLDIN?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,626 -0.25%
latest close · 2026-09-17
1-year return
+154.6%
52-wk low ₹55252-wk high ₹1,895
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio15.5Average
LowAverageHigh
P/B ratio2.01Moderate
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.0%Fair
WeakFairStrong ▸15%
Return on capital15.6%Strong
WeakFairStrong
Net margin2.4%Thin
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.62Moderate
LowModerateHigh ▸1
Current ratio0.88Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹2,322 cr
Book value
₹808
EPS
₹26.17
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
3.9%
Earnings yield
6.44%
P/S
0.37
Sales / share
₹4,445.0
Tax rate
27.4%
Face value
₹10
Shares
1.4 cr
Working capital
₹-262 cr
Current assets
₹1,912 cr
Current liabilities
₹2,174 cr
Delivery %
56.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹777 vs market price ₹1,626 — price is 109% above it
Safety cushion-109.4%(target ≥ +20%)
Models span ₹776₹778, midpoint ₹777
Model ₹777
Price ₹1,626
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,587 cr
Other Income₹10 cr
Total Income₹1,597 cr
Cost of Materials₹1,052 cr
Purchases of Stock-in-Trade₹44 cr
Inventory Change (±)₹-21 cr
Employee Benefit Expense₹178 cr
Finance Costs₹20 cr
Depreciation & Amortisation₹55 cr
Other Expenses₹228 cr
Total Expenses₹1,554 cr
Exceptional Items₹3 cr
Profit before Tax₹45 cr
Tax Expense₹12 cr
Share of JV / Associates₹16 cr
Net Profit₹48 cr
Net margin on total income3.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,074 cr66.5%
Employee benefit expense₹178 cr11.0%
Finance costs₹20 cr1.2%
Depreciation & amortisation₹55 cr3.4%
Other expenses₹228 cr14.1%
Tax expense₹12 cr0.8%
Profit for the period₹48 cr3.0%
Total income ₹1,597 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,535 cr1,609 cr1,587 cr
Total income1,539 cr1,613 cr1,597 cr
Expenses1,494 cr1,553 cr1,554 cr
Profit before tax44 cr66 cr45 cr
Tax14 cr5 cr12 cr
Net profit (owners' share)-51 cr74 cr37 cr
Net margin (owners' share, on revenue)-3.3%4.6%2.4%
EPS (₹)-35.4151.9326.17
YoY (latest quarter): total income +18.7% · net profit -26.4%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹3,843 cr
Shareholder equity
₹1,154 cr
parent shareholders
Total debt
₹882 cr
Cash
₹53 cr
Cash flow · H1 FY26
Operating
₹60 cr
Investing
₹75 cr
Financing
₹-115 cr
Peer comparison
Holding Company · by market value
CompanyPriceMarket capP/E
Bajaj Finserv Limited₹1,859₹5.97 L cr23.7
Bajaj Holdings & Investment Limited₹11,010₹1.23 L cr11.3
Choice International Limited₹738₹16,441 cr67.8
Edelweiss Financial Services Limited₹128₹12,147 cr22.6
JM Financial Limited₹123₹11,724 cr10.0
Rane Holdings Limitedthis company₹1,626₹2,322 cr15.5
BF Investment Limited₹439₹1,653 cr2.8
Abans Financial Services Limited₹201₹1,022 cr4.1
Max India Limited₹140₹737 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
2.89%
trailing 12 months
Dividend / share (TTM)
₹47
Last dividend
₹47
ex 6 Aug 2026
ActionDetailEx-date
Dividend₹47 / share6 Aug 2026
Dividend₹38 / share29 Jul 2025
Dividend₹25 / share26 Jul 2024
Dividend₹17 / share28 Jul 2023
Dividend₹12 / share21 Jun 2022
Dividend₹4 / share6 Aug 2020
Who owns it · 2026-06-30
No pledge
Promoter
46.6%
FII / Foreign
0.9%
DII / Domestic
3.4%
Retail / others
49.0%
Promoter stake up 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtMALAVIKA LAKSHMAN · Promoters1,350 · ₹14.6 L25 Mar 26
BoughtHARISH LAKSHMAN · Promoters1,950 · ₹21.4 L25 Mar 26
BoughtHARISH LAKSHMAN · Promoters2,800 · ₹28.5 L23 Mar 26
Bulk / block deals
BoughtSANDHYA G PARIKH · NSE77,858 @ ₹1,1739 Mar 26
SoldCHINMAY G PARIKH · NSE77,795 @ ₹1,1739 Mar 26
SoldGRAVITON RESEARCH CAPITAL LLP · NSE75,061 @ ₹1,958.8721 Aug 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 13 Aug 2026
See the official result
1
To consider and adopt the Audited Financial Statement of the Company for the year ended March 31, 2026, together with reports of the Board of Directors and the Auditor theron
Backed by 100% of shareholders other than promotersneeded 50%
10.93 L votes for, 13 against · 0% of mutual funds and other big investors said no
2
To declare dividend on equity shares
Backed by 100% of shareholders other than promotersneeded 50%
10.94 L votes for, 13 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in the place of Mr. Harish Lakshman (DIN: 00012602), who retires by rotation and being eligible, offers himself for re-appointment
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
10.94 L votes for, 171 against · 0% of mutual funds and other big investors said no
4
To appoint Mr. Ramesh Rajan Natarajan (DIN: 01628318) as an Independent Director
Backed by 77% of shareholders other than promotersneeded 75%
8.47 L votes for, 2.47 L against · 71% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 23 named members
owning 41.2% between them · as of 2026-06-30
RAMAN T G G10.39%
LAKSHMAN L (including joint holding with Pushpa Lakshman)5.27%
GEETHA RAMAN SUBRAMANYAM4.38%
RANJINI R IYER4.38%
RATHIKA R SUNDARESAN3.65%
MEENAKSHI GANESH & GANESH L2.14%
VANAJA AGHORAM1.93%
LAKSHMAN L (HUF)1.52%
Business done with them
FY2026 · 2 of the group
The company paid ₹7 cr to companies in the promoter group last year — about 0.1% of its ₹5,883 cr revenue.
Harish Lakshman
Other payments to them · Salary and other perquisites, Commission & Sitting fees
also owns 1.40% of the company
₹6 cr
company paid
Aditya Ganesh
Other payments to them · Salary and Other Perquisites
also owns 0.80% of the company
₹1 cr
company paid

The company also transacted with 11 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹10 cr raised in Jun 2026 by selling shares to selected investors

As of Jun 2026, the company says it has spent 0% of what it set aside. Audit Committee of the Board of Directors of the Company watches the spending on the exchange’s behalf.

Strategic investments in group companies
of what was set aside
Repayment of Borrowings
0%
of what was set aside
General Corporate Purposes (Up to 25% of issue proceeds)
of what was set aside

The rupee amounts in this company’s own breakdown don’t add up to the amount it says it raised — a common filing slip, where a table meant to be read in lakhs is entered as whole rupees. Rather than guess which is right, we show only the percentages, which are unaffected.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.