RML · Rane (Madras) Ltd · Auto & Truck Parts
RML · Rane (Madras) Ltd · Auto & Truck Parts
As of 05 Nov close
52-week range
11.3% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹1,042 Cr
Revenue YoY
PAT YoY
+62.4%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
4.9
P/S (TTM)
0.9
Sector P/E
27
Dividend yield
+1.2%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| RML (this stock) | 26.8 | 4.9 | +3.0% | +15.9% | 1 | +1.2% |
| Samvardhana Motherson International | 35.1 | 3.7 | +3.2% | +10.2% | 31.28 | +0.4% |
| Cummins India | 66.3 | 16.2 | +18.7% | +27.9% | 0 | +1.3% |
| Bosch | 49.9 | 9.4 | +11.2% | +15.9% | 0.01 | +0.6% |
Promoter
stable
FII
rising 1q
MF
0.06% (-0.01pp)
stable
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
| date | canonicalSymbol | buy quantity | buyer count | deal strength | deal types present |
|---|---|---|---|---|---|
| 2026-06-19 | RML | 138598 | 1 | WEAK | BULK |
News timeline
- mediumcorporate actionthehindubusinessline.com· 03 Nov 2026, 09:17 pmRane (Madras) Q2 PAT soars on one-time gain, revenue up 35%
Concalls & investor presentations
AI-generatedKey takeaway: The transcript of Rane (Madras) Limited's earnings conference call held on August 21, 2026, is available on the company's investor relations website at the provided link. The document confirms compliance with SEBI LODR regulations and includes the necessary references to prior communications regarding the call. The submission was made on August 27, 2026, by the company's secretary, Venkatraman, to BSE Limited and the National Stock Exchange of India Ltd. The text does not include any financial results, operational updates, or management commentary from the call itself, only administrative details about the transcript's availability and regulatory compliance.
The tone is neutral as the document only provides administrative information about the transcript's availability and compliance with regulations, without any positive or negative commentary on the company's performance or outlook.
Sourced from an exchange-filed transcript, dated 27 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Rane (Madras) Limited's Q1 FY27 investor presentation highlights a 18.8% YoY increase in consolidated revenue to ₹1,050.6 crore, with EBITDA rising 22% to ₹95.8 crore and PAT growing 62.5% to ₹30.1 crore. Sales breakdown shows 60% from passenger vehicles, 21% from commercial vehicles, 8% from farm tractors, 5% from two/three-wheelers, and 6% from other segments. Domestic OEM sales grew 13% due to higher passenger vehicle and farm tractor offtake, while international sales rose 24% from strong steering product demand. Aftermarket sales in India increased 28%. The company acquired HCL's friction business for ₹370 crore, creating a ₹1,000+ crore combined friction platform. Sustainability efforts include 40% recycled water usage, 48% renewable energy, and 23% landfill waste reduction. The presentation includes forward-looking statements subject to risks and uncertainties.
The document emphasizes strong revenue and profit growth, successful business expansion through acquisitions, and sustainability achievements.
Sourced from an exchange-filed presentation, dated 20 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Rane (Madras) Limited provided a transcript of its earnings conference call held on May 18, 2026. The document confirmed compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It included references to previous communications regarding the call and indicated that the transcript is accessible in the investor information section of the company's website. The communication was signed by S. Subha Shree, the Secretary of the company, and was dated May 25, 2026.
The document presented factual information regarding the earnings conference call and compliance without emphasizing any particular sentiment.
Sourced from an exchange-filed transcript, dated 25 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Rane (Madras) Limited reported total revenue of ₹3,879 crore for FY26, with a 9% CAGR over the last decade. The company serves over 30 countries and has 17 manufacturing plants, primarily in India. In FY26, the revenue mix included 57% from India OEM & OES, 27% from international markets, and 16% from the Indian aftermarket. Key financial highlights for Q4 FY26 included a consolidated revenue of ₹1,051.7 crore, a 16.2% year-on-year increase, and a PAT of ₹37.0 crore, reflecting a 466.9% YoY growth. The presentation noted strong performance in the passenger vehicle segment, driven by improved affordability and rising disposable incomes. The company secured various awards for quality and sustainability, and reported a net debt to equity ratio of 0.94x.
Management highlighted strong financial performance and growth across various segments.
Sourced from an exchange-filed presentation, dated 15 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Rane (Madras) Limited announced an Earnings Conference Call scheduled for May 18, 2026, at 15:00 IST to discuss the audited financial results for the quarter and year ended March 31, 2026. The document provided details for dial-in numbers, including international toll-free options, and mentioned a pre-registration facility to streamline participation. Management representatives listed for the call included Mr. Harish Lakshman, Chairman, and Mr. P.A. Padmanabhan, President – Finance and Group CFO, among others. The document also outlined Rane Group's operations, highlighting its long-standing engagement in manufacturing auto components for various industry segments, including passenger and commercial vehicles, and its supply to major OEMs and the aftermarket.
The document presented factual information regarding the upcoming earnings call and company operations.
Sourced from an exchange-filed transcript, dated 11 May 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Rane (Madras) Limited submitted a transcript of its earnings conference call held on February 17, 2026, to BSE Limited and the National Stock Exchange of India. The document referenced previous letters related to the call and confirmed compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transcript is available on the company's investor information section of its website. The communication was signed by S Subha Shree, the Secretary of Rane (Madras) Limited.
The document provided factual information regarding the earnings conference call and compliance without expressing any particular sentiment.
Sourced from an exchange-filed transcript, dated 24 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Rane (Madras) Limited's investor presentation for Q3 FY26 reported total revenue of ₹1,019.1 crore, reflecting a 21.3% year-on-year growth. The EBITDA was ₹94.8 crore, with a margin of 9.3%, and the profit after tax (PAT) reached ₹30.5 crore, a significant increase of 7645.3% year-on-year, influenced by a prior year's one-time tax credit reversal. The presentation highlighted that the company serves over 30 countries and operates 17 manufacturing plants, with 26% of revenue coming from international markets. The passenger vehicle segment showed strong growth due to festive demand and improved affordability, while the commercial vehicle segment benefited from increased industrial activity. The company also reported a 32% growth in sales to Indian aftermarket customers, although this was noted as not directly comparable due to business restructuring. Key updates included winning orders worth ₹115 crore and receiving multiple awards for operational excellence.
The presentation emphasized strong financial performance and growth across various segments.
Sourced from an exchange-filed presentation, dated 16 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
Key takeaway: Rane (Madras) Limited announced an Earnings Conference Call scheduled for February 17, 2026, at 15:00 IST to discuss the unaudited financial results for the quarter ended December 31, 2025. The document provided details for dial-in numbers, including international toll-free options, and mentioned a pre-registration facility to streamline participation. Management representatives for the call included Mr. P.A. Padmanabhan, Mr. J. Ananth, and Mr. S. Prasad. The document also outlined Rane Group's operations, highlighting its long-standing engagement in manufacturing auto components and its supply to various industry segments, including passenger and commercial vehicles, farm tractors, and railways. The company emphasized its extensive experience in the sector.
The document presented factual information regarding the earnings call and company operations without emphasizing growth or challenges.
Sourced from an exchange-filed transcript, dated 10 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.
AI Summary of Annual Report
AI-generatedRane (Madras) Limited reported a 13.45% increase in standalone turnover to ₹3,817.13 crores in FY2025-26, driven by strong performance in the automotive and auto component industry. The company's credit rating was reaffirmed at 'CRISIL A+' with a stable outlook. However, the auditor highlighted key audit matters including revenue recognition and the assessment of the carrying value of the Light Metal Casting Division (LMCD) due to potential impairment risks. The company also disclosed contingent liabilities related to unresolved tax disputes and legal appeals, though no additional provisions were made as management believes these can be sustained. The consolidated financial statements show no defaults in loan repayments or interest payments, and the company has not been declared a wilful defaulter.
- FY2025-26 standalone turnover increased by 13.45% to ₹3,817.13 crores.
- Credit rating reaffirmed at 'CRISIL A+' with stable outlook.
- Key audit matters include revenue recognition and potential impairment of LMCD.
- Contingent liabilities from unresolved tax disputes and legal appeals disclosed but no additional provisions made.
- No defaults in loan repayments or interest payments reported.
Key takeaway: Rane (Madras) Limited shows strong revenue growth and maintained credit ratings, but faces risks from potential asset impairment and unresolved legal disputes.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
No item of a kind that needs attention was stored for this company.
Internal Control Weakness
1 occurrenceEarlier (1-3 years ago)
The company has identified a material weakness in its internal financial controls with reference to financial statements.
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has contingent liabilities including claims not acknowledged as debt, income tax matters under appeal, and GST, central excise, service tax, and sales tax matters under appeal as of March 31, 2026.
Earlier (1-3 years ago)
The company has contingent liabilities including claims not acknowledged as debt, income tax matters under appeal, central excise, service tax, and sales tax matters under appeal, and labour-related matters under appeal as of March 31, 2025.
The company has a financial guarantee given to subsidiaries with a fair value of - (amount not specified) as of March 31, 2024.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
The company has a related-party transaction involving contributions to the Rane Foundation, with an amount of INR 1.57 crores as of March 31, 2025.
Earlier (1-3 years ago)
The company made a contribution of Rs. 2.00 crores to the Rane Foundation, over which it has significant influence, as part of related party transactions.
The company has three major customers accounting for more than 10% of total sales, with revenue from these customers amounting to Rs. 716.30 crores as of March 31, 2023.
Statutory dues in dispute
3 occurrencesRecent (last 12 months)
Rane (Madras) Limited has unpaid statutory dues related to sales tax and service tax under various acts, with amounts unpaid and disputes pending in multiple forums including tribunals and high courts.
Earlier (1-3 years ago)
Rane (Madras) Limited has statutory dues under the Finance Act, 1994 (Service Tax) amounting to INR 2012-13, 2007-08 to 2011-12, 2011-12, 2013-2014, 2014-2015, with disputes pending before various authorities including Customs, Goods & Service tax Appellate Tribunal, Chennai, Deputy Commissioner, Nizamabad, Telengana, High Court, and Original Authority.
Rane (Madras) Limited has statutory dues under various acts (Central Excise Act, Finance Act, Maharashtra VAT Act, Tamil Nadu Value Added Tax Act, Karnataka Value Added Tax Act) that have not been deposited due to disputes, with amounts unpaid ranging from INR Crores, pending in various tribunals and commissioner offices.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
1.63% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).