Rane (Madras) Ltd Share Price Today

Actions	Ex-Date	Record-Date
DividendsFinal Dividend of 160% at ₹16/Share	29-Jul-2026	29-Jul-2026
DividendsFinal Dividend of 80% at ₹8/Share	29-Jul-2025	29-Jul-2025

Shashank Gupta

21 Aug • 9:17 AM · SEBI-Registered Analyst

Rane (Madras) Completes Friction Business Acquisition, Strengthening Its Brake Components Portfolio

RML

Rane (Madras) has completed the acquisition of the friction business of Hindustan Composites on 20 August 2026, marking a strategic expansion of its presence in the automotive brake-components segment. The acquisition is important because it adds capabilities and product presence in friction materials, which are a key component of braking systems. According to the company's exchange disclosure, the transaction is expected to be EPS accretive from the first year, making the development more meaningful than an acquisition based purely on future potential. From a business perspective, the acquisition could help Rane (Madras) strengthen its product portfolio and potentially create cross-selling and manufacturing synergies within its existing automotive components business. The key advantage is that the acquired business is directly related to Rane's existing operations, which may reduce integration risk compared with diversification into an unrelated sector. However, the eventual value creation will depend on how efficiently the acquired business is integrated and whether the expected synergies translate into sustainable margins and earnings growth. Investors should monitor the acquired business's revenue contribution, profitability and the actual EPS impact over the next few quarters. Overall, this appears to be a strategically positive development, as Rane is expanding within its core automotive ecosystem while targeting an earnings-accretive transaction rather than pursuing growth through unrelated diversification.

Pyrifera Investment Advisors

15 Jul • 12:21 AM · SEBI-Registered Analyst

Route Mobile Subsidiary to Acquire AI-Led Omnichannel Business for ~₹33.6 Crore

Route Mobile Limited (RML) has approved the acquisition of the AI-led omnichannel business undertaking of Heltar Technologies Private Limited by its wholly-owned subsidiary, Route Connect Private Limited, via a slump sale. Key Transaction Details: Deal Value: Total consideration of ~₹33.65 crore, comprising an upfront payment of ₹23.88 crore at closing and a deferred payment of ₹9.77 crore payable 18 months post-closing. Scope: The slump sale includes all associated assets, liabilities, contracts, intellectual property, and employee rights on a going-concern basis. Timeline: Expected to be completed within approximately 6 weeks, subject to standard conditions precedent. Funding Mechanism: To facilitate the acquisition, RML has sanctioned an unsecured Inter-Corporate Deposit (ICD) facility of ₹35 crore to Route Connect. Terms: 9% per annum interest, repayable within 60 months, with RML retaining the right to convert the outstanding amount into equity shares of the subsidiary. Strategic Rationale: Heltar Technologies specializes in AI-first omnichannel customer engagement and conversational commerce (CpaaS). This acquisition will significantly enhance Route Mobile’s technological capabilities, allowing it to offer more advanced, AI-driven communication solutions to its global client base. Governance: While the ICD to a wholly-owned subsidiary qualifies as a Related Party Transaction (RPT), it is exempted under Section 186 of the Companies Act, 2013, and is confirmed to be executed on an arm’s-length basis. Outlook: This strategic carve-out acquisition aligns perfectly with Route Mobile’s roadmap to deepen its footprint in the high-growth AI and conversational AI market, strengthening its competitive edge in the global CpaaS landscape.

ROUTE

AASHISH RA

21 Jun • 11:32 AM · SEBI-Registered Analyst

Rane (Madras) Ltd (RML) – SWOT Analysis

RML

Strengths Strong OEM customer base Supplies components to domestic and global automobile manufacturers. Long relationship with auto majors gives business stability. Diversified product portfolio Presence in steering systems, linkages, castings, engine and brake-related components reduces dependence on one product line. Rane Group brand advantage Decades of engineering experience and reputation in auto components. Growth opportunity from vehicle trends Passenger vehicles, commercial vehicles, exports and higher safety requirements can support demand. ⚠️ Weaknesses Automobile cycle dependency Revenue depends heavily on vehicle production cycles and OEM demand. Margin pressure Auto component business faces raw material cost fluctuations and pricing pressure from OEM customers. Debt/capital intensity Manufacturing expansion requires continuous investment. Past integration challenges Merger of businesses requires execution and synergy benefits to reflect in numbers. 🚀 Opportunities EV & new mobility growth EV platforms require advanced steering, lightweight components and safety products. Export expansion Global OEM supply opportunities can increase revenue diversification. Aftermarket business growth Combined aftermarket focus may improve distribution strength. Premium vehicle demand Higher content per vehicle can improve long-term opportunity. 🔴 Threats EV disruption Traditional engine-related components may face long-term pressure. Competition Indian and global auto component companies compete aggressively. Raw material volatility Steel, aluminium and other input cost movements affect margins. Quality/warranty risk Auto safety components carry high reputation and liability risk. 📊 Investment View (Research Framework) Positive Factors: ✅ Strong Rane Group background

Adarsh Nimborkar (SEBI IA)

7 May • 8:14 AM · SEBI-Registered Analyst

Rane Madras Fundamentals Overview

RML

Rane Madras operates in the auto components sector, mainly manufacturing steering and suspension systems for passenger vehicles, commercial vehicles, and tractors. The business benefits from long term relationships with OEMs, but it is also highly dependent on the automobile cycle and production volumes Revenue scale is moderate with annual revenue around 2000 to 2200 crore. Growth has been inconsistent over the years, with periods of slowdown due to weak automobile demand and cyclical industry conditions. Recent growth has improved but is not exceptionally strong Profitability is weak. Net margins are very low, generally around 1 to 3 percent, which indicates limited pricing power and high operating sensitivity to raw material costs and demand fluctuations. Profit growth has also been volatile with multiple weak periods Return ratios are below average. Return on equity and return on capital employed are mostly in single digits, showing moderate to weak capital efficiency and limited shareholder value creation Debt levels are manageable but not negligible. Debt to equity is moderate, and interest costs are under control, but the business does not generate very high margins to comfortably absorb long downturns One positive is the company’s established position with major automobile manufacturers and strong technical capabilities in steering systems. This gives business continuity and stable demand over the long term However, dependence on the auto cycle is a major risk. Valuation is not very attractive considering the fundamentals. The stock trades at moderate to high valuation levels despite weak margins and average return ratios, which limits margin of safety Overall, fundamentals are average to weak. The business has stable industry positioning and OEM relationships, but low margins, cyclical exposure, and weak return ratios reduce overall quality.

Power Of Finance (SEBI RA)

20 Mar • 3:56 PM · SEBI-Registered Analyst

Rane (Madras) Limited Announces Senior Management Personnel Changes Effective June 1, 2026

RML

Rane (Madras) Limited's Board of Directors approved senior management changes during their March 20, 2026 meeting, effective June 1, 2026. Mrs. Gowri Kailasam will transition from CEO of Steering and Linkage Division and Light Metal Castings Division to Executive Director overseeing Engine Components Division, Aftermarket Products Division, and Steering and Gears Division of joint venture ZF Rane Automotive India. Mr. Aditya Ganesh will move from President of Light Metal Castings Division and Strategy Head of Steering and Linkage Division to Executive Director leading Steering and Linkage Division and Light Metal Castings Division. Both executives will continue as Senior Management Personnel reporting to the Chairman and Managing Director.

THREETREND RESEARCH

8 Feb • 12:29 PM · SEBI-Registered Analyst

Rane (Madras)

RML

Rane (Madras) is trading 0.44% lower at ₹835, within a range of ₹810–₹850. The stock has gained 4.96% YTD and 13.86% in the last 5 days. Its TTM P/E of 22.65 is below the sector average of 34.32. The company reported a net profit of ₹30.52 crore in the last quarter. MF holding declined to 0.06%, while FII holding increased to 0.05% as of Dec 2025.

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