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Last Updated: April 2, 2026, 3:34 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532661 | NSE: RML

Rane (Madras) Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹307.66Overvalued by 53.80%vs CMP ₹666.00

P/E (23.3) × ROE (6.6%) × BV (₹246.00) × DY (1.20%)

₹521.25Overvalued by 21.73%vs CMP ₹666.00
MoS: -27.8% (Negative)Confidence: 50/100 (Moderate)Models: 1 Under, 1 Fair, 5 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹415.7729%Over (-37.6%)
Graham NumberEarnings₹404.2221%Over (-39.3%)
DCFCash Flow₹382.6414%Over (-42.5%)
Net Asset ValueAssets₹246.139%Over (-63%)
EV/EBITDAEnterprise₹1,505.7411%Under (+126.1%)
Earnings YieldEarnings₹295.209%Over (-55.7%)
Revenue MultipleRevenue₹616.417%Fair (-7.4%)
Consensus (7 models)₹521.25100%Overvalued
Key Drivers: EPS CAGR 35.1% lifts DCF — verify sustainability. | Wide model spread (₹246–₹1,506) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 35.1%

*Investments are subject to market risks

Investment Snapshot

55
Rane (Madras) Ltd scores 55/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health38/100 · Weak
ROCE 11.2% AverageROE 6.6% AverageD/E 1.99 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 0.91% MF buyingPromoter holding at 70.5% Stable
Earnings Quality50/100 · Moderate
OPM stable around 8% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): +11% YoY GrowingProfit (4Q): +86% YoY Strong
Industry Rank60/100 · Moderate
P/E 23.3 vs industry 21.2 In-lineROCE 11.2% vs industry 13.7% Average3Y sales CAGR: 25% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:34 am

Market Cap 1,840 Cr.
Current Price 666
Intrinsic Value₹521.25
High / Low 1,055/585
Stock P/E23.3
Book Value 246
Dividend Yield1.20 %
ROCE11.2 %
ROE6.63 %
Face Value 10.0
PEG Ratio0.66

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Rane (Madras) Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Rane (Madras) Ltd 1,840 Cr. 666 1,055/58523.3 2461.20 %11.2 %6.63 % 10.0
Rico Auto Industries Ltd 1,468 Cr. 108 142/49.525.4 55.70.46 %7.50 %3.48 % 1.00
Automotive Axles Ltd 2,453 Cr. 1,624 2,126/1,52014.9 6661.88 %22.3 %16.6 % 10.0
Industry Average1,920.33 Cr799.3321.20322.571.18%13.67%8.90%7.00

All Competitor Stocks of Rane (Madras) Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 5836225886115218538188498379018819191,015
Expenses 540566546579474784753777771823806841924
Operating Profit 43554232476965726679757991
OPM % 7%9%7%5%9%8%8%9%8%9%8%9%9%
Other Income 27-1-17-851-4622-8323
Interest 9131413151617182018171515
Depreciation 25282424213332323336363736
Profit before tax 3614-13-90131621241517253043
Tax % 34%31%7%-120%29%31%32%34%97%62%25%28%29%
Net Profit 2410-1418911151607192131
EPS in Rs 14.585.87-8.9010.935.596.628.999.910.244.016.707.7711.04

Last Updated: March 3, 2026, 3:08 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 2:16 pm

MetricMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 8761,1951,4001,5551,2771,2671,7422,3542,2393,4063,716
Expenses 7971,1061,2731,4381,2301,2361,6672,1712,0923,1223,393
Operating Profit 7989127117473175184147284323
OPM % 9%7%9%8%4%2%4%8%7%8%9%
Other Income -211910127526-10121
Interest 1930343538282135577665
Depreciation 415761666666819791132144
Profit before tax 17134026-45-552658-10378114
Tax % 27%66%40%91%2%10%58%49%-103%52%
Net Profit 134242-46-61113033877
EPS in Rs 12.054.1120.872.02-36.26-41.986.5518.461.8623.1529.52
Dividend Payout % 37%146%58%420%0%0%0%0%0%35%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-69.23%500.00%-91.67%-2400.00%-32.61%118.03%172.73%-90.00%1166.67%
Change in YoY Net Profit Growth (%)0.00%569.23%-591.67%-2308.33%2367.39%150.64%54.69%-262.73%1256.67%

Rane (Madras) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2016-2017 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:22%
3 Years:25%
TTM:12%
Compounded Profit Growth
10 Years:%
5 Years:25%
3 Years:60%
TTM:-83%
Stock Price CAGR
10 Years:11%
5 Years:31%
3 Years:29%
1 Year:-37%
Return on Equity
10 Years:%
5 Years:8%
3 Years:20%
Last Year:10%

Last Updated: September 5, 2025, 1:00 pm

Balance Sheet

Last Updated: February 1, 2026, 3:48 am

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 1111121213151616161628
Reserves 140147218218171167212225240655652
Borrowings 338362357417470470585668728813832
Other Liabilities 212267315290268380417439385785898
Total Liabilities 7017879029379221,0321,2301,3491,3692,2692,411
Fixed Assets 361365386386382415477490453693680
CWIP 728161650311829277397
Investments -0-0-011111277
Other Assets 3333944995354895867338298871,4961,626
Total Assets 7017879029379221,0321,2301,3491,3692,2692,411

Reserves and Borrowings Chart

Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 318865456946-688191316
Cash from Investing Activity + -74-77-78-60-103-80-124-106-148-147
Cash from Financing Activity + 43-71426342113435-55-176
Net Cash Flow -041110-13517-12-7
Free Cash Flow -4410-13-15-34-34-106-20-2159
CFO/OP 47%103%62%56%164%176%12%67%85%111%

Free Cash Flow

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-259.00-273.00-230.00-300.00-423.00-439.00-510.00-484.00-581.00-529.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 67576458557874655576
Inventory Days 75767371808176676787
Days Payable 11711812389971501159180100
Cash Conversion Cycle 2515143938935414363
Working Capital Days -36-33-16-16-36-42-20-14-23-6
ROCE %9%13%10%-1%-4%-0%12%6%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.65%72.65%72.65%72.65%72.65%72.65%72.65%72.65%72.65%70.45%70.45%70.45%
FIIs 0.12%0.00%0.01%0.00%0.01%0.01%0.21%0.08%0.09%0.03%0.04%0.05%
DIIs 0.00%0.11%0.50%0.63%0.47%0.00%0.13%0.13%0.12%1.04%1.04%1.03%
Public 27.24%27.25%26.86%26.73%26.88%27.35%27.01%27.15%27.15%28.48%28.48%28.48%
No. of Shareholders 15,83014,28714,59413,33113,43212,83013,34513,54713,57233,74832,12730,907

Shareholding Pattern Chart

No. of Shareholders

Rane (Madras) Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Quant Business Cycle Fund 101,795 1.06 8.46101,7952025-04-22 17:25:220%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 13.621.8518.466.97-47.66
Diluted EPS (Rs.) 13.621.8518.466.97-47.66
Cash EPS (Rs.) 104.4757.8177.8256.343.42
Book Value[Excl.RevalReserv]/Share (Rs.) 405.36157.32148.52140.22124.84
Book Value[Incl.RevalReserv]/Share (Rs.) 405.36157.32148.52140.22124.84
Revenue From Operations / Share (Rs.) 2093.271376.121447.111070.63869.86
PBDIT / Share (Rs.) 183.0192.62123.1548.8425.87
PBIT / Share (Rs.) 101.6836.6763.77-0.94-19.51
PBT / Share (Rs.) 47.88-63.0135.9315.69-38.07
Net Profit / Share (Rs.) 23.141.8618.456.55-41.96
NP After MI And SOA / Share (Rs.) 23.141.8618.456.55-41.96
PBDIT Margin (%) 8.746.738.504.562.97
PBIT Margin (%) 4.852.664.40-0.08-2.24
PBT Margin (%) 2.28-4.572.481.46-4.37
Net Profit Margin (%) 1.100.131.270.61-4.82
NP After MI And SOA Margin (%) 1.100.131.270.61-4.82
Return on Networth / Equity (%) 5.701.1712.424.67-33.61
Return on Capital Employeed (%) 17.2310.7719.82-0.30-6.90
Return On Assets (%) 1.650.222.220.86-5.92
Long Term Debt / Equity (X) 0.321.021.011.031.04
Total Debt / Equity (X) 1.152.742.722.521.99
Asset Turnover Ratio (%) 1.871.651.831.401.23
Current Ratio (X) 0.980.850.920.880.77
Quick Ratio (X) 0.650.560.610.590.52
Inventory Turnover Ratio (X) 10.105.746.446.005.04
Dividend Payout Ratio (NP) (%) 71.200.000.000.000.00
Dividend Payout Ratio (CP) (%) 15.770.000.000.000.00
Earning Retention Ratio (%) 28.800.000.000.000.00
Cash Earning Retention Ratio (%) 84.230.000.000.000.00
Interest Coverage Ratio (X) 3.992.675.964.051.39
Interest Coverage Ratio (Post Tax) (X) 1.682.932.24-0.83-1.26
Enterprise Value (Cr.) 1750.421796.951291.491135.96898.14
EV / Net Operating Revenue (X) 0.510.800.540.650.70
EV / EBITDA (X) 5.8811.926.4514.2923.83
MarketCap / Net Operating Revenue (X) 0.300.500.280.320.42
Retention Ratios (%) 28.790.000.000.000.00
Price / BV (X) 1.554.382.742.512.99
Price / Net Operating Revenue (X) 0.300.500.280.320.42
EarningsYield 0.030.000.040.01-0.11

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Rane (Madras) Ltd. is a Public Limited Listed company incorporated on 31/03/2004 and has its registered office in the State of Tamil Nadu, India. Company's Corporate Identification Number(CIN) is L65993TN2004PLC052856 and registration number is 052856. Currently Company is involved in the business activities of Manufacture of diverse parts and accessories for motor vehecles sucs as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalysers, clutches, steering wheels, steering columns and steering boxes etc.. Company's Total Operating Revenue is Rs. 3405.92 Cr. and Equity Capital is Rs. 16.27 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto Ancl - Dr. Trans & Steer - OthersMAITHRI, Chennai (Madras) Tamil Nadu 600086Contact not found
Management
NamePosition Held
Mr. Harish LakshmanChairman & Managing Director
Ms. Vasudha SundararamanDirector
Mr. Pradip Kumar BishnoiDirector
Mr. L GaneshDirector
Mr. N Ramesh RajanDirector
Mr. Vikram HosangadyDirector

FAQ

What is the intrinsic value of Rane (Madras) Ltd and is it undervalued?

As of 19 April 2026, Rane (Madras) Ltd's intrinsic value is ₹521.25, which is 21.73% lower than the current market price of ₹666.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (6.63 %), book value (₹246), dividend yield (1.20 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Rane (Madras) Ltd?

Rane (Madras) Ltd is trading at ₹666.00 as of 19 April 2026, with a FY2026-2027 high of ₹1,055 and low of ₹585. The stock is currently near its 52-week low. Market cap stands at ₹1,840 Cr..

How does Rane (Madras) Ltd's P/E ratio compare to its industry?

Rane (Madras) Ltd has a P/E ratio of 23.3, which is above the industry average of 21.20. The premium over industry average may reflect growth expectations or speculative interest.

Is Rane (Madras) Ltd financially healthy?

Key indicators for Rane (Madras) Ltd: ROCE of 11.2 % is moderate; ROE of 6.63 % is below ideal levels (industry average: 8.90%). Dividend yield is 1.20 %.

Is Rane (Madras) Ltd profitable and how is the profit trend?

Rane (Madras) Ltd reported a net profit of ₹38 Cr in Mar 2025 on revenue of ₹3,406 Cr. Compared to ₹11 Cr in Mar 2022, the net profit shows an improving trend.

Does Rane (Madras) Ltd pay dividends?

Rane (Madras) Ltd has a dividend yield of 1.20 % at the current price of ₹666.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Rane (Madras) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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