RMLConsumer Discretionary

Rane (Madras) Limited

Auto Components & Equipments · ISIN INE050H01012 · BSE 532661 · NSE EQ · FV ₹10
Last price
₹1,282
+1.08%today
What this company does

Rane (Madras) Limited operates in Auto Components & Equipments, part of the Consumer Discretionary sector. It booked ₹1,042 cr of revenue in its latest quarter (Q1 FY27) and kept 2.9% of sales as profit.

In the report:
60out of 100
Equitytale Health Score
Mixed

Healthier than 60% of companies in Consumer Discretionary, on all six measures of filed financials. Each measure is ranked against the 187–421 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)
55

At close. Not part of the score.

Profitability & returns71

How much profit it earns on the money it employs

Balance sheet29

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

Valuation27

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
Sales up 18% vs last year
Profit up 62% vs last year
Promoters hold 70%
No promoter shares pledged
Strong 16% return on equity
Turns profit into real cash
Watch-outs
! Thin 2.9% net margin

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 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own revenue trend. That is history, not a forecast — 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 We do not publish price targets or predict returns.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
₹1,282 +1.08%
latest close · 2026-09-17
1-year return
+231.8%
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 ratio29.4Average
LowAverageHigh
P/B ratio4.72High
Below bookModerateHigh
EV / EBITDA10.8Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity16.0%Strong
WeakFairStrong ▸15%
Return on capital24.4%Strong
WeakFairStrong
Net margin2.9%Thin
ThinDecentStrong
EBITDA margin9.2%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.84Moderate
LowModerateHigh ▸1
Interest cover3.7×Okay
RiskyOkayStrong ▸5×
Current ratio0.92Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹3,543 cr
Book value
₹272
EPS
₹10.89
latest quarter
Net debt
₹588 cr
owes more than its cash
Enterprise value
₹4,131 cr
EBITDA
₹383 cr
annualised
EBIT
₹226 cr
annualised
Operating margin
5.4%
Return on assets
4.8%
Earnings yield
3.40%
P/S
0.85
Sales / share
₹1,507.4
Tax rate
26.6%
Face value
₹10
Shares
2.8 cr
Working capital
₹-134 cr
Current assets
₹1,462 cr
Current liabilities
₹1,596 cr
Delivery %
39.5%
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
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 ₹55₹82, midpoint ₹69

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₹1,042 cr
Other Income₹9 cr
Total Income₹1,051 cr
Cost of Materials₹601 cr
Purchases of Stock-in-Trade₹44 cr
Inventory Change (±)₹-15 cr
Employee Benefit Expense₹135 cr
Finance Costs₹15 cr
Depreciation & Amortisation₹39 cr
Other Expenses₹190 cr
Total Expenses₹1,010 cr
Profit before Tax₹41 cr
Tax Expense₹11 cr
Net Profit₹30 cr
Net margin on total income2.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹630 cr59.9%
Employee benefit expense₹135 cr12.9%
Finance costs₹15 cr1.5%
Depreciation & amortisation₹39 cr3.7%
Other expenses₹190 cr18.1%
Tax expense₹11 cr1.0%
Profit for the period₹30 cr2.9%
Total income ₹1,051 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,015 cr1,048 cr1,042 cr
Total income1,019 cr1,052 cr1,051 cr
Expenses975 cr1,003 cr1,010 cr
Profit before tax43 cr49 cr41 cr
Tax12 cr12 cr11 cr
Net profit (owners' share)31 cr37 cr30 cr
Net margin (owners' share, on revenue)3.0%3.5%2.9%
EPS (₹)11.0413.3710.89
YoY (latest quarter): total income +18.8% · net profit +62.4%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹2,521 cr
Shareholder equity
₹751 cr
parent shareholders
Total debt
₹634 cr
Cash
₹46 cr
Cash flow · H1 FY26
Operating
₹24 cr
Investing
₹23 cr
Financing
₹-28 cr
Peer comparison
Auto Components & Equipments · by market value
CompanyPriceMarket capP/E
Samvardhana Motherson International Limited₹162₹1.71 L cr41.3
Bosch Limited₹47,735₹1.41 L cr49.8
Bharat Forge Limited₹1,919₹91,740 cr
UNO Minda Limited₹1,205₹69,583 cr58.8
Schaeffler India Limited₹3,991₹62,379 cr48.0
Tube Investments of India Limited₹2,599₹50,313 cr74.6
Sona BLW Precision Forgings Limited₹778₹48,388 cr67.1
Endurance Technologies Limited₹2,691₹37,849 cr38.7
Exide Industries Limited₹419₹35,581 cr25.4
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 · 2026-06-30
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
BoughtRekha Sundar · Promoter Group20,370 · ₹1.9 cr23 Apr 25
BoughtPushpa Lakshman & Lakshman L · Promoters74 · ₹68,49423 Apr 25
BoughtMalavika Lakshman & Harish Lakshman · Promoters74 · ₹68,49423 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 — 20 named members
owning 70.5% between them · as of 2026-06-30
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.