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Rane (Madras) Limited (RML)

Small Cap

Auto stocks · Small cap · NSE

Rane (Madras) Limited operates in Steering & Suspension, within the Auto sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹1,308.8
+34.20 · +2.68%
Market cap ₹3,792 Cr
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm IST
Details
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result05 Aug, 07:19 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Auto P/E 25.7 (n=127)
Technical timing lens

Trend score and candlestick chart

59Neutral

SMA20 +7.8% / mo · MACD − · near 52W high

Stock trend: 65
Sector RS: 49
Sector 3M: -6.3% vs Nifty 500 -5.6%
Auto FPI tailwindNot confirmed

Latest mapped FPI equity flow was not positive. View sector evidence

Technical chart

RMLD candles · FIT view+75.1%
Latest close ₹1308.80 on 2026-10-19
Bar
+2.7%
RSI
52
MACD hist
-11.79
52W pos
84%
Visible chart range
Candle interval
2026-10-19O ₹1274.60H ₹1319.00L ₹1255.10C ₹1308.80Vol 22,256 sh
₹701.12₹894.63₹1.09k₹1.28k₹1.48k52H₹1308.802026-032026-06VolRSIMACD2026-042026-062026-082026-092026-11
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context

Relative performance and chart statistics

Adjusted completed-session prices, rebased to 100

RMLNifty AutoNifty 500
-15%-2%+10%+23%20 Jul1 Sept19 Oct19 Oct 2026RML +11.1%Nifty Auto -5.4%Nifty 500 -5.6%
RML
+11.1%
Nifty 500
-5.6%
Nifty Auto
-5.4%
Vs Nifty 500
+16.7 pp
Chart stats
19 Oct 2026
From 52W high
-9.1%
₹1,440
52W range position
84%
₹608.5 - ₹1,440
ATR (14)
4.3%
₹56.2
Volume vs 20D
0.49x
Latest completed session
Avg traded value
₹5.6 Cr
20-session average
20D price channel
₹1,255.1 - ₹1,437.3
34.9% annualized volatility
Research snapshot

What the evidence says now

Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.

Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE
58

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Latest result
Good
67

Revenue +18.3% · PAT +57.9% YoY

Technical
Neutral
59

Price trend and sector-relative-strength timing.

Valuation
Legacy model
+21.2%

Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.

Trust
Limited evidence
80

Financial-only signal; management claim evidence is not sufficient yet.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Latest result

Quarter ended 30 Jun 2026

Good · 67/100

Rev +18% YoY · PAT +58% YoY · operating leverage · margin compression

Filed 05 Aug 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹1,042 Cr+18.3%-0.6%
EBITDA₹87 Cr+16.0%-9.4%
Operating margin8.0%+0 bps-100 bps
PAT₹30 Cr+57.9%-18.9%
PAT margin2.9%+72 bps-65 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Fundamentals

Valuation

P/E
31.40
P/B
5.04
EV/EBITDA
9.03
Market Cap
3792.00Cr

Profitability

ROE
15.40%
ROCE
14.00%
ROA
4.72%
Dividend Y
1.17%

Growth (CAGR)

Revenue 5Y
25.00%
EPS 5Y
30.00%
Revenue 3Y
18.00%
EPS 3Y
47.00%

Balance Sheet

Debt/Equity
1.00
Interest Coverage
6.07×
Altman Z
3.85
Book Value
272.00

Cash Flow

FCF Yield
6.04%
FCF Positive Y
4/5
OCF
219.00 Cr
EPS TTM
43.07

Shareholding

Promoter Hold
70.45%
Promoter Pledge
0.00%
Momentum 52W
92%

Financial History

Updated 19/10/2026

Revenue

₹ Cr
Latest: 1,042-0.6% vs prev
01048Sep 2023: 611Dec 2023: 521Mar 2024: 853Jun 2024: 818Sep 2024: 849Dec 2024: 837Mar 2025: 901Jun 2025: 881Sep 2025: 919Dec 2025: 1,015Mar 2026: 1,048Jun 2026: 1,042Q2 23Q3 23FY24Q1 24Q2 24Q3 24FY25Q1 25Q2 25Q3 25FY26Q1 26

Net Profit

₹ Cr
Latest: 30.0-18.9% vs prev
037.0Sep 2023: 18.0Dec 2023: 9.0Mar 2024: 11.0Jun 2024: 15.0Sep 2024: 16.0Dec 2024: 0.0Mar 2025: 7.0Jun 2025: 19.0Sep 2025: 21.0Dec 2025: 31.0Mar 2026: 37.0Jun 2026: 30.0Q2 23Q3 23FY24Q1 24Q2 24Q3 24FY25Q1 25Q2 25Q3 25FY26Q1 26
ROE is shown only in the Annual view — quarterly equity data isn't published.

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Bullish setup

Trend is constructive — long-term uptrend intact. RSI 52.

  • Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
  • SMA20 rising (~7.2% over last month) — short-term momentum positive.
  • RSI(14) at 52 — rising, no extreme reading.
  • MACD below signal but histogram contracting — bearish momentum easing.
  • 9% off 52W high · 115% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

91
RS percentile
Stage 2 UptrendEstablished S2
1M return
-1.2%
3M return
+11.1%
6M return
+66.5%
1Y return
+59.5%
RS 1D
+1
RS 20D
0
Sector rank
#3
Industry rank
#30
Stage evidence
  • Price is 25.5% above the 30-week proxy.
  • The 50-DMA is above the 30-week proxy and its slope is rising +7.2%.
  • Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
28 May 2026
S2 age
101 trading sessions
Sector
leading
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 164.82+3.75%
79104129154179Sept 25Feb 26Jun 26Oct 26165
RS vs Nifty 500165

Valuation & peers

U-Score 58 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies

58U-SCORE
Financial Turnaround

Fundamental score breakdown

U band · FAIR VALUE
Valuation5/30
Growth22/25
Quality10/20
Balance Sheet8/15
Cash Flow9/10
Piotroski
8/9 (+5)
Penalties
-1
Raw sum
58

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

58/100 · legacy band FAIR VALUE

Positive drivers

  • FCF yield is supportive at 6.0%.
  • Piotroski is strong at 8/9.
  • Fair-value margin of safety is positive at 21.2%.

Main drags

  • Penalty bucket subtracts 1 points.
  • Valuation is weaker at 5/30; verify the latest quarterly trend.
  • Quality is weaker at 10/20; verify the latest quarterly trend.
Sector valuation model

Consumer valuation: PE/PEG and brand-quality premium

Consumer franchises can deserve higher multiples, but only when growth quality supports them.

Consumer PE/PEG
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
31.4
PB
5.0
EV/EBITDA
9.0
ROE
15.4%
ROCE
14.0%
FCF Yield
6.0%
Debt/Equity
1.0
MoS
+21.2%
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
58
Previous: 58
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+21.2%
Previous: +21.2%

Score history

12 stored score snapshots. Latest stored move: +0 points.

20 Oct 2026
v4.3-runtime-valuation
58
58
58
58
58
58
58
58
58
58
58
58

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
₹513.41
-154.9% MoS
Growth-justified P/E
38.5
Growth-justified Value
₹1,660.35
+21.2% MoS
PEG
0.85

Comparable companies

Peers

Business-comparable peers in Auto — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.

Compare all ↗
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
SWARAJENG
Small
Swaraj Engines Limited
Auto Components
match 138
67
21.0
43.6%
+45%
UNDERVALUED
VSTTILLERS
Small
V.S.T Tillers Tractors Limited
Auto Components
match 137
31
33.6
10.0%
-70%
OVERVALUED
MAYURUNIQ
Small
Mayur Uniquoters Ltd
Auto Components
match 137
67
14.8
18.0%
+59%
UNDERVALUED
JTEKTINDIA
Small
Jtekt India Limited
Auto Components
match 137
39
41.1
7.8%
-18%
WATCHLIST
CARRARO
Small
Carraro India Limited
Auto Components
match 137
72
21.1
26.7%
+47%
UNDERVALUED

Business, management & trust

Growth engines, risks, management commitments and evidence-backed delivery

Business and thesis

Issuer presentation review pending

Rane (Madras) Limited operates in Steering & Suspension, within the Auto sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Trust Score
80Limited evidence · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Limited evidence: Claim history is still being built. It ranks around the 90th percentile of the scored universe and 78th percentile within Auto. No major sub-score weakness stands out.

This is a financial-behaviour screen, not a claim-tested management reliability verdict.

Computed 05 Sept 2026
management-trust-v1
79 docs text-extracted · 2 concalls text-extracted
Score band
Limited evidence

Financial behaviour is scored, but management claims do not yet have enough outcome checks.

Relative rank
90th percentile

overall median 67 · Auto: 78th pctile, median 74 · Small: 92nd pctile, median 66

Evidence depth
Financial-only

79 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Limited evidence · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
86
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
69
acceptable · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
90
strong · quarterly consistency

Trust positives

  • ▸Promoter holding is 70.5%.
  • ▸Promoter pledge is zero.
  • ▸FCF yield is 6.4%.
  • ▸4 years of positive FCF.

Trust risks

  • ▸Debt/equity is 1.00.
  • ▸2 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

6 shown
Concall transcript

Announcement under Regulation 30 (LODR)-Earnings Call Transcript 27 Aug - The transcript of the earnings Conference call is available in the investor information section of the website of the Company at the web-link https://ranegroup.com/investors/rane-madras-limited/.

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Jul - Newspaper publication in connection with 22nd AGM scheduled and e-voting is enclosed

Source: Bse

Open source ↗
Announcement

Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Jun

Source: Bse

Open source ↗
Concall transcript

Announcement under Regulation 30 (LODR)-Earnings Call Transcript 25 May - The transcript of the earnings conference call is available in the investor information section of the website of the Company at the link: https://www.ranegroup.com/investors/rane-madras-limited-2/.

Source: Bse

Open source ↗
Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.