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

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

As of 10 May 2026, Rane (Madras) Ltd's intrinsic value is 549.05, which is 33.37% lower than the current market price of 824.00, suggesting the stock is overvalued. Calculated using the PE ratio method factoring in ROE (6.63 %), book value (246), dividend yield (0.97 %), and 5-year EPS CAGR.

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

Rane (Madras) Ltd is trading at 824.00 as of 10 May 2026, with a FY2026-2027 high of 1,055 and low of 608. The stock is currently in the middle of its 52-week range. Market cap stands at 2,277 Cr..

Q: Is Rane (Madras) Ltd financially healthy?

Key indicators: ROCE of 11.2 % is moderate. Dividend yield is 0.97 %.

Q: 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.

Fair Value

₹379.42Overvalued by 53.95%vs CMP ₹824.00

P/E (28.8) × ROE (6.6%) × BV (₹246.00) × DY (0.97%)

₹549.05Overvalued by 33.37%vs CMP ₹824.00

MoS: -50.1% (Negative)Confidence: 56/100 (Moderate)Models: 1 Under, 6 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹512.74	29%	Over (-37.8%)
Graham Number	Earnings	₹404.22	21%	Over (-50.9%)
DCF	Cash Flow	₹382.56	14%	Over (-53.6%)
Net Asset Value	Assets	₹246.08	9%	Over (-70.1%)
EV/EBITDA	Enterprise	₹1,505.42	11%	Under (+82.7%)
Earnings Yield	Earnings	₹295.20	9%	Over (-64.2%)
Revenue Multiple	Revenue	₹616.28	7%	Over (-25.2%)
Consensus (7 models)		₹549.05	100%	Overvalued

Key Drivers: EPS CAGR 35.1% lifts DCF — verify sustainability. | Wide model spread (₹246–₹1,505) — 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

Analyst Summary

Rane (Madras) Ltd operates in the Auto Ancl - Dr. Trans & Steer - Others segment, NSE: RML | BSE: 532661, current market price is ₹824.00, market cap is 2,277 Cr.. At a glance, stock P/E is 28.8, ROE is 6.63 %, ROCE is 11.2 %, book value is 246, dividend yield is 0.97 %. The latest intrinsic value estimate is ₹549.05, around 33.4% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹3,406 Cr versus the prior period change of 52.1%, while latest net profit is about ₹38 Cr with a prior-period change of 1,166.7%. The 52-week range shown on this page is 1,055/608, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisRane (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 L659…

This summary is generated from the stock page data available for Rane (Madras) Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

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 28.8 vs industry 24.1 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: May 5, 2026, 12:55 am

Market Cap	2,277 Cr.
Current Price	824
Intrinsic Value	₹549.05
High / Low	1,055/608
Stock P/E	28.8
Book Value	246
Dividend Yield	0.97 %
ROCE	11.2 %
ROE	6.63 %
Face Value	10.0
PEG Ratio	0.82

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

Stock P/E Current Price Intrinsic Value

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	2,277 Cr.	824	1,055/608	28.8	246	0.97 %	11.2 %	6.63 %	10.0
Automotive Axles Ltd	2,725 Cr.	1,810	2,126/1,536	16.5	666	1.68 %	22.3 %	16.6 %	10.0
Rico Auto Industries Ltd	1,558 Cr.	115	142/58.5	27.0	55.7	0.43 %	7.50 %	3.48 %	1.00
Industry Average	2,186.67 Cr	916.33		24.10	322.57	1.03%	13.67%	8.90%	7.00

All Competitor Stocks of Rane (Madras) Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	583	622	588	611	521	853	818	849	837	901	881	919	1,015
Expenses	540	566	546	579	474	784	753	777	771	823	806	841	924
Operating Profit	43	55	42	32	47	69	65	72	66	79	75	79	91
OPM %	7%	9%	7%	5%	9%	8%	8%	9%	8%	9%	8%	9%	9%
Other Income	27	-1	-17	-85	1	-4	6	2	2	-8	3	2	3
Interest	9	13	14	13	15	16	17	18	20	18	17	15	15
Depreciation	25	28	24	24	21	33	32	32	33	36	36	37	36
Profit before tax	36	14	-13	-90	13	16	21	24	15	17	25	30	43
Tax %	34%	31%	7%	-120%	29%	31%	32%	34%	97%	62%	25%	28%	29%
Net Profit	24	10	-14	18	9	11	15	16	0	7	19	21	31
EPS in Rs	14.58	5.87	-8.90	10.93	5.59	6.62	8.99	9.91	0.24	4.01	6.70	7.77	11.04

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

Quarterly Chart

Profit & Loss - Annual Report

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

Metric	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	876	1,195	1,400	1,555	1,277	1,267	1,742	2,354	2,239	3,406	3,716
Expenses	797	1,106	1,273	1,438	1,230	1,236	1,667	2,171	2,092	3,122	3,393
Operating Profit	79	89	127	117	47	31	75	184	147	284	323
OPM %	9%	7%	9%	8%	4%	2%	4%	8%	7%	8%	9%
Other Income	-2	11	9	10	12	7	52	6	-101	2	1
Interest	19	30	34	35	38	28	21	35	57	76	65
Depreciation	41	57	61	66	66	66	81	97	91	132	144
Profit before tax	17	13	40	26	-45	-55	26	58	-103	78	114
Tax %	27%	66%	40%	91%	2%	10%	58%	49%	-103%	52%
Net Profit	13	4	24	2	-46	-61	11	30	3	38	77
EPS in Rs	12.05	4.11	20.87	2.02	-36.26	-41.98	6.55	18.46	1.86	23.15	29.52
Dividend Payout %	37%	146%	58%	420%	0%	0%	0%	0%	0%	35%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
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

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	11	11	12	12	13	15	16	16	16	16	28
Reserves	140	147	218	218	171	167	212	225	240	655	652
Borrowings	338	362	357	417	470	470	585	668	728	813	832
Other Liabilities	212	267	315	290	268	380	417	439	385	785	898
Total Liabilities	701	787	902	937	922	1,032	1,230	1,349	1,369	2,269	2,411
Fixed Assets	361	365	386	386	382	415	477	490	453	693	680
CWIP	7	28	16	16	50	31	18	29	27	73	97
Investments	-0	-0	-0	1	1	1	1	1	2	7	7
Other Assets	333	394	499	535	489	586	733	829	887	1,496	1,626
Total Assets	701	787	902	937	922	1,032	1,230	1,349	1,369	2,269	2,411

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	31	88	65	45	69	46	-6	88	191	316	219
Cash from Investing Activity +	-74	-77	-78	-60	-103	-80	-124	-106	-148	-147	11
Cash from Financing Activity +	43	-7	14	26	34	21	134	35	-55	-176	-207
Net Cash Flow	-0	4	1	11	0	-13	5	17	-12	-7	23
Free Cash Flow	-44	10	-13	-15	-34	-34	-106	-20	-2	159	229
CFO/OP	47%	103%	62%	56%	164%	176%	12%	67%	85%	111%	78%

Free Cash Flow

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 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

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	67	57	64	58	55	78	74	65	55	76
Inventory Days	75	76	73	71	80	81	76	67	67	87
Days Payable	117	118	123	89	97	150	115	91	80	100
Cash Conversion Cycle	25	15	14	39	38	9	35	41	43	63
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

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 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	15,830	14,287	14,594	13,331	13,432	12,830	13,345	13,547	13,572	33,748	32,127	30,907

Shareholding Pattern Chart

No. of Shareholders

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

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Quant Business Cycle Fund	101,795	1.06	8.46	101,795	2025-04-22 17:25:22	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	13.62	1.85	18.46	6.97	-47.66
Diluted EPS (Rs.)	13.62	1.85	18.46	6.97	-47.66
Cash EPS (Rs.)	104.47	57.81	77.82	56.34	3.42
Book Value[Excl.RevalReserv]/Share (Rs.)	405.36	157.32	148.52	140.22	124.84
Book Value[Incl.RevalReserv]/Share (Rs.)	405.36	157.32	148.52	140.22	124.84
Revenue From Operations / Share (Rs.)	2093.27	1376.12	1447.11	1070.63	869.86
PBDIT / Share (Rs.)	183.01	92.62	123.15	48.84	25.87
PBIT / Share (Rs.)	101.68	36.67	63.77	-0.94	-19.51
PBT / Share (Rs.)	47.88	-63.01	35.93	15.69	-38.07
Net Profit / Share (Rs.)	23.14	1.86	18.45	6.55	-41.96
NP After MI And SOA / Share (Rs.)	23.14	1.86	18.45	6.55	-41.96
PBDIT Margin (%)	8.74	6.73	8.50	4.56	2.97
PBIT Margin (%)	4.85	2.66	4.40	-0.08	-2.24
PBT Margin (%)	2.28	-4.57	2.48	1.46	-4.37
Net Profit Margin (%)	1.10	0.13	1.27	0.61	-4.82
NP After MI And SOA Margin (%)	1.10	0.13	1.27	0.61	-4.82
Return on Networth / Equity (%)	5.70	1.17	12.42	4.67	-33.61
Return on Capital Employeed (%)	17.23	10.77	19.82	-0.30	-6.90
Return On Assets (%)	1.65	0.22	2.22	0.86	-5.92
Long Term Debt / Equity (X)	0.32	1.02	1.01	1.03	1.04
Total Debt / Equity (X)	1.15	2.74	2.72	2.52	1.99
Asset Turnover Ratio (%)	1.87	1.65	1.83	1.40	1.23
Current Ratio (X)	0.98	0.85	0.92	0.88	0.77
Quick Ratio (X)	0.65	0.56	0.61	0.59	0.52
Inventory Turnover Ratio (X)	10.10	5.74	6.44	6.00	5.04
Dividend Payout Ratio (NP) (%)	71.20	0.00	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	15.77	0.00	0.00	0.00	0.00
Earning Retention Ratio (%)	28.80	0.00	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	84.23	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	3.99	2.67	5.96	4.05	1.39
Interest Coverage Ratio (Post Tax) (X)	1.68	2.93	2.24	-0.83	-1.26
Enterprise Value (Cr.)	1750.42	1796.95	1291.49	1135.96	898.14
EV / Net Operating Revenue (X)	0.51	0.80	0.54	0.65	0.70
EV / EBITDA (X)	5.88	11.92	6.45	14.29	23.83
MarketCap / Net Operating Revenue (X)	0.30	0.50	0.28	0.32	0.42
Retention Ratios (%)	28.79	0.00	0.00	0.00	0.00
Price / BV (X)	1.55	4.38	2.74	2.51	2.99
Price / Net Operating Revenue (X)	0.30	0.50	0.28	0.32	0.42
EarningsYield	0.03	0.00	0.04	0.01	-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.

INDUSTRY	ADDRESS	CONTACT
Auto Ancl - Dr. Trans & Steer - Others	MAITHRI, Chennai (Madras) Tamil Nadu 600086	Contact not found

Management
Name	Position Held
Mr. Harish Lakshman	Chairman & Managing Director
Ms. Vasudha Sundararaman	Director
Mr. Pradip Kumar Bishnoi	Director
Mr. L Ganesh	Director
Mr. N Ramesh Rajan	Director
Mr. Vikram Hosangady	Director

FAQ

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

As of 10 May 2026, Rane (Madras) Ltd's intrinsic value is ₹549.05, which is 33.37% lower than the current market price of ₹824.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (6.63 %), book value (₹246), dividend yield (0.97 %), 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 ₹824.00 as of 10 May 2026, with a FY2026-2027 high of ₹1,055 and low of ₹608. The stock is currently in the middle of its 52-week range. Market cap stands at ₹2,277 Cr..

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

Rane (Madras) Ltd has a P/E ratio of 28.8, which is above the industry average of 24.10. 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 0.97 %.

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 0.97 % at the current price of ₹824.00. The company pays dividends, though the yield is modest.