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NSE:RML

RANE (MADRAS) LIMITED

Automobile and Auto Components › Auto Components
₹1,223.50
at close · 28 Oct 2026
▲ 11.70 (+0.97%)

Latest filings

Next results: Tue, 3 Nov · Financial Results
  1. Promoter Meenakshi Ganesh acquires 1,105 shares via transmission · Ownership Changes
  2. Routine filing: Confirmation of share dematerialisation for July to September 2026 · Compliance
  3. Sale of 3.48-acre Velachery land completed for Rs. 361.18 cr · Strategic Transactions
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures friction materials and related automotive components, serving both original equipment manufacturers and the aftermarket. The business is acquiring Hindustan Composites' friction business on a slump sale basis for ₹370 crore in cash; the acquired unit, which includes the COMPO brand and two Maharashtra plants, posted ₹315.04 crore of revenue and ₹40.29 crore of profit before tax in FY26. Post-acquisition, the combined friction revenue is expected to exceed ₹1,000 crore. The company also runs an aftermarket products division, headed until recently by a separate president-level role. In FY26, total revenue was ₹3,862.92 crore with a net profit of ₹107.48 crore and an EBITDA margin of 9.11%. Raw materials are the dominant cost at 55.8% of revenue, followed by employees at 13.4% and other operating expenses at 18.8%, with depreciation at 3.8% and capex at 4.9% of revenue.

Operating scale
Combined friction platform revenue (post-acquisition)
₹1,000+ croreFY26
Acquired HCL friction business PBT
₹40.29 croreFY26
Acquired HCL friction business plants
2 Maharashtra plantsFY26
Acquired brand
COMPOFY26
Bank loan facilities (CRISIL rated)
₹1,085 croreFY26
Promoter Rane Holdings stake
63.80%FY26
Who pays it
Automotive original equipment manufacturers and aftermarket distributors for friction products
Biggest cost
Raw materials, at 55.8% of revenue in FY26
Kind of business
Auto components manufacturer focused on friction materials, cyclical with aftermarket exposure
Where it sits
Post-Hindustan Composites friction acquisition, combined friction revenue exceeds ₹1,000 crore across COMPO and existing brands
Market Cap
₹3,382 Cr
P / E (TTM)
28.4×
EV / EBITDA
10.7×
Div Yield
0.65%
Growth
25.0%▲
Revenue 5y CAGR
PAT — · EBITDA +56.3%
Quality
15.9%▲
ROCE (5y median)
ROE 5.6% (5y median) · margin 9.1%
Leverage
0.84·
Debt / Equity · moderate
Net debt ₹588 Cr
Revenue FY21→FY26
3.0×▲
Margin +7.6 pts
₹1,267 Cr → ₹3,863 Cr
Cash conversion
4.41×▲
Operating cash ÷ profit · 5 yrs
₹656 Cr on ₹149 Cr
Moves on a normal day
1.35%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 126 Auto Components & Equipments peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#63/119
P/B#78/117
ROCE#43/125
ROE#42/117
Debt / Equity#98/117
EBITDA margin#87/118
Revenue growth#63/113
Profit growth#36/115

Scorecard

Measured from the filed financials, judged against its Auto Components & Equipments peers · as of FY26 — not investment advice

Strengths
Revenue compounding 25% a year over 5 years
Profit grew in every one of the last 5 years
Returns on capital 15.9% (5-year median)
#43 of 125 in Auto Components & Equipments on the latest reported figures · up from −6.9% in FY21
Over 5 years it reported ₹149 Cr of profit and ₹656 Cr of operating cash — 4.41×
Profit is converting into cash
Pays out 21% of profit as dividend
Concerns
Carries more debt than its peers — 0.84× equity
higher than 84% of its 117 Auto Components & Equipments peers

Charts

How has the market priced it — with filings on the timeline?

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from RANE (MADRAS) LIMITED's filed financials and exchange disclosures

What does RANE (MADRAS) LIMITED do?

RANE (MADRAS) LIMITED is a Auto Components company listed on NSE and BSE, trading under the symbol RML.

Is RANE (MADRAS) LIMITED profitable?

Yes. Over the trailing twelve months RANE (MADRAS) LIMITED reported a net profit of ₹119 Cr on revenue of ₹4,024 Cr.

Does RANE (MADRAS) LIMITED pay a dividend?

Yes. The dividend yield is 0.65% at the current price. It paid out 21% of its profit as dividend in FY26.

Is RANE (MADRAS) LIMITED debt-free?

No. It reported borrowings of ₹634 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹588 Cr after cash. Debt stands at 0.84× equity. That is higher than 84% of its 117 Auto Components & Equipments peers.

Is RANE (MADRAS) LIMITED expensive compared with its peers?

On trailing P/E, RANE (MADRAS) LIMITED ranks 63 of 119 in Auto Components & Equipments — cheaper than 48% of them, against an industry median of 25.3×. This is a position, not a valuation judgement.

How much does the RANE (MADRAS) LIMITED share price move in a day?

On a typical session RANE (MADRAS) LIMITED moves 1.35% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are RANE (MADRAS) LIMITED's next results?

Financial Results on Tue, 3 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track RANE (MADRAS) LIMITED's announcements?

Every NSE and BSE filing by RANE (MADRAS) LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.