RMLConsumer Discretionary

Rane (Madras) Limited

Auto Components & Equipments · ISIN INE050H01012 · BSE 532661 · NSE EQ · FV ₹10
Last price
₹1,285
-2.39%today
What this company does

Rane (Madras) Limited operates in Auto Components & Equipments, part of the Consumer Discretionary sector. It booked ₹1,237 cr of revenue in its latest quarter (Q2 FY27) and kept 26.4% of sales as profit.

In the report:
74out of 100
Equitytale Health Score
Solid

Healthier than 74% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 178–428 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)
57

At close. Not part of the score.

Profitability & returns98

How much profit it earns on the money it employs

Balance sheet38

How much it owes, and whether earnings cover the interest

Cash quality53

Whether reported profit actually arrives as cash

Growth & consistency95

Whether sales and profit have grown, and how steadily

Valuation65

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

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Strong 26% net margin
✓ Sales up 35% vs last year
✓ Profit up 1,422% vs last year
✓ Promoters hold 70%
✓ No promoter shares pledged
✓ Strong 123% return on equity
✓ Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in RML?

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 We do not publish price targets or predict returns.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
₹1,285▼ -2.39%
latest close · 2026-11-04
1-year return
+207.4%
52-wk low ₹25952-wk high ₹1,440
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 ratio2.7Low
LowAverageHigh
P/B ratio3.34High
Below bookModerateHigh
EV / EBITDA2.5Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity122.8%Strong
WeakFairStrong ▸15%
Return on capital107.0%Strong
WeakFairStrong
Net margin26.4%Strong
ThinDecentStrong
EBITDA margin36.7%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.96Moderate
LowModerateHigh ▸1
Interest cover19.9×Strong
RiskyOkayStrong ▸5×
Current ratio0.99Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹3,551 cr
Book value
₹385
EPS
₹118.20
latest quarter
Net debt
₹1,010 cr
owes more than its cash
Enterprise value
₹4,562 cr
EBITDA
₹1,815 cr
annualised
EBIT
₹1,637 cr
annualised
Operating margin
33.1%
Return on assets
39.1%
Earnings yield
36.80%
P/S
0.72
Sales / share
₹1,790.4
Tax rate
16.0%
Face value
₹10
Shares
2.8 cr
Working capital
₹-26 cr
Current assets
₹1,787 cr
Current liabilities
₹1,814 cr
Delivery %
46.9%
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 2026-11-04.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹65–₹65, midpoint ₹65

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 · Q2 FY27 (consolidated)
Revenue from Operations₹1,237 cr
Other Income₹5 cr
Total Income₹1,242 cr
Cost of Materials₹724 cr
Purchases of Stock-in-Trade₹46 cr
Inventory Change (±)₹-20 cr
Employee Benefit Expense₹155 cr
Finance Costs₹21 cr
Depreciation & Amortisation₹44 cr
Other Expenses₹224 cr
Total Expenses₹1,193 cr
Exceptional Items₹340 cr
Profit before Tax₹389 cr
Tax Expense₹62 cr
Net Profit₹327 cr
Net margin on total income26.3%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹749 cr47.4%
Employee benefit expense₹155 cr9.8%
Finance costs₹21 cr1.3%
Depreciation & amortisation₹44 cr2.8%
Other expenses₹224 cr14.1%
Tax expense₹62 cr3.9%
Profit for the period₹327 cr20.7%
Total income ₹1,242 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue1,048 cr1,042 cr1,237 cr
Total income1,052 cr1,051 cr1,242 cr
Expenses1,003 cr1,010 cr1,193 cr
Profit before tax49 cr41 cr389 cr
Tax12 cr11 cr62 cr
Net profit (owners' share)37 cr30 cr327 cr
Net margin (owners' share, on revenue)3.5%2.9%26.4%
EPS (₹)13.3710.89118.20
YoY (latest quarter): total income +34.5% · net profit +1,421.6%
Balance sheet & cash flow · as of Sep 2026
Moderate debt
Total assets
₹3,344 cr
Shareholder equity
₹1,064 cr
parent shareholders
Total debt
₹1,025 cr
Cash
₹15 cr
Cash flow · H1 FY27
Operating
₹27 cr
Investing
₹-453 cr
Financing
₹383 cr
Peer comparison
Auto Components & Equipments · by market value
CompanyPriceMarket capP/E
Samvardhana Motherson International Limited₹160₹1.69 L cr40.8
Bosch Limited₹49,645₹1.46 L cr51.8
Bharat Forge Limited₹1,777₹84,979 cr—
UNO Minda Limited₹1,125₹64,934 cr54.9
Sona BLW Precision Forgings Limited₹900₹56,172 cr62.8
Schaeffler India Limited₹3,525₹55,091 cr39.5
Tube Investments of India Limited₹2,190₹42,398 cr62.9
Endurance Technologies Limited₹2,410₹33,898 cr34.7
Exide Industries Limited₹346₹29,431 cr21.0
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.25%
trailing 12 months
Dividend / share (TTM)
₹16
Last dividend
₹16
ex 29 Jul 2026
ActionDetailEx-date
Dividend₹16 / share29 Jul 2026
Dividend₹8 / share29 Jul 2025
Dividend₹4.5 / share16 Jul 2019
Dividend₹4 / share31 Jan 2019
Dividend₹7.5 / share17 Jul 2018
Dividend₹4.5 / share1 Feb 2018
Who owns it · 2026-09-30
No pledge
Promoter
70.5%
FII / Foreign
0.3%
DII / Domestic
0.8%
Retail / others
28.4%
Promoter stake down 2.2% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtMeenakshi Ganesh · Promoter029 Sep 26
BoughtMeenakshi Ganesh · Promoter1,10529 Sep 26
BoughtRekha Sundar · Promoter Group20,370 · ₹1.9 cr23 Apr 25
Bulk / block deals
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE1.39 L @ ₹1,110.619 Jun 26
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE1.39 L @ ₹1,111.6219 Jun 26
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE1.19 L @ ₹1,437.1322 Aug 24
Stake changes
BoughtNisshinbo Holdings Inc. · promoter→ 6.06% · 16.75 L23 Apr 25
BoughtRane Holdings Limited along with PAC · promoter→ 70.45% · 76.55 L23 Apr 25
BoughtRane Holdings Limited · promoter→ 63.80% · 59.58 L23 Apr 25
What shareholders were asked to approve
1 proposal passed only on promoter votes

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.

Postal ballot · 20 Mar 2026
See the official result
1
To approve payment of commission to Non-Executive Directors and Independent Directors
⚑ Passed only because promoters voted yes
Backed by 66% of shareholders other than promotersneeded 75%
3.58 L votes for, 1.84 L against · 0% 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 — 21 named members
owning 70.5% between them · as of 2026-09-30
RANE HOLDINGS LTD63.80%
NISSHINBO HOLDINGS INC.6.06%
RAMAN T G G0.10%
SHANTHI NARAYAN0.09%
REKHA SUNDAR0.08%
RATHIKA R SUNDARESAN0.07%
NARAYANASWAMY SUNDARESAN0.05%
GEETHA RAMAN SUBRAMANYAM0.04%
Business done with them
FY2026 · 2 of the group
The company paid ₹72 cr to companies in the promoter group last year — about 1.9% of its ₹3,863 cr revenue and received ₹46 L back from them.
RANE HOLDINGS LIMITED
Other payments to them · Professional Charges, Information system expenses, staff welfare expenses - training, Trademark fee, Reimbursement of Expenses, Reimbursement of Expenses (Income), Miscellaneous Expenses, Purchase of License fee, Dividend paid, Trade payables (including unbilled purchases)
also owns 63.80% of the company
₹70 cr
company paid
Aditya Ganesh
Other payments to them · Remuneration
also owns 0.03% of the company
₹1 cr
company paid
RANE HOLDINGS LIMITED
Other income from them · Professional Charges, Information system expenses, staff welfare expenses - training, Trademark fee, Reimbursement of Expenses, Reimbursement of Expenses (Income), Miscellaneous Expenses, Purchase of License fee, Dividend paid, Trade payables (including unbilled purchases)
also owns 63.80% of the company
₹46 L
company received

The company also transacted with 6 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.

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