Rane (Madras)

NSE: RML · Auto Components & Equipments

52W Range₹609 ₹1,324

Snapshot

Unlock Rane (Madras)'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Rane (Madras) Limited is an Indian manufacturer specialising in steering and suspension linkage products, steering gears, and high-precision aluminium die castings. The company serves original equipment manufacturers across the passenger vehicle, utility vehicle, and farm tractor segments.

Business Model

The company generates revenue by supplying critical automotive components to domestic and international vehicle manufacturers. It operates as a subsidiary of Rane Holdings Limited, leveraging established manufacturing capabilities to serve the automotive supply chain.

  • Founded:1960

Growth Outlook

Growth is driven by the expansion of the automotive sector and the company's ability to supply both domestic and export markets. Continued demand for passenger cars and farm tractors remains a primary catalyst for its product portfolio.

Key Risks

  • Cyclicality of Automotive Industry. The company's performance is highly sensitive to fluctuations in vehicle production volumes and consumer demand within the automotive sector.
  • Raw Material Price Volatility. Fluctuations in the prices of aluminium and steel can significantly impact manufacturing costs and operating margins.
  • Customer Concentration. Heavy reliance on a limited number of original equipment manufacturers exposes the company to risks associated with the performance and procurement strategies of these key clients.
  • Foreign Exchange Risk. As an exporter of automotive components, the company is exposed to currency fluctuations that may affect its international revenue and profitability.

Price

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Key Metrics

REVENUE

₹3,863 Cr

TTM · consolidated

+56.1%YoY

NET PROFIT

₹107 Cr

TTM · consolidated

+1090.3%YoY

EPS

₹38.88

TTM · consolidated

+894.4%YoY

RETURN ON EQUITY

15.6%

TTM · consolidated

+13.1 ppYoY

RETURN ON CAPITAL EMPLOYED

21.6%

TTM · consolidated

+7.9 ppYoY

P/E

31.9x

Q4 FY26 · consolidated

31.9 vs 36.3x5Y avg

EV/EBITDA

11.3x

Q4 FY26 · consolidated

11.3 vs 31.6x5Y avg

EBITDA MARGIN

9.2%

TTM · consolidated

+1.1 ppYoY

NET PROFIT MARGIN

3.5%

Q4 FY26 · consolidated

+2.8 ppYoY

DEBT TO EQUITY

0.8x

Q4 FY26 · consolidated

-0.29xYoY

Peers · Auto Components & Equipments

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Rane (Madras)RML
1,93231.9211.3056.1%9.2%15.6%21.6%+41.3%
M M ForgingsMMFL
2,05725.8111.434.2%18.6%10.7%12.1%+40.0%
Federal-Mogul GoFMGOETZE
2,04612.754.3435.7%17.9%17.0%21.9%-15.7%
Uniparts IndiaUNIPARTS
2,04019.9112.0721.4%22.6%17.9%22.6%+79.7%
Studds Accessor.STUDDS
1,87519.0%
Rajratan GlobalRAJRATAN
1,82730.0715.8650.0%12.7%14.4%19.8%+21.4%

As of Q4 FY26

Financials