Rane (Madras) Limited
Rane (Madras) Ltd. was founded in 1929, it manufactures steering and suspension linkage products, steering gear products and specialized aluminum high pressure die-casting products and provides connected mobility solutions. The Company is a supplier to major manufacturers of Passenger Vehicles, Utility Vehicles and Farm Tractors and has a strong presence in mechanical steering gears and hydrostatic gear systems. The…
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Rane (Madras) Limited completed the acquisition of Hindustan Composites Limited's friction business. This move strengthens RML's leadership in the friction segment and is expected to be EPS accretive from year one, driving operational synergies.
Rane (Madras) delivered strong Q1 FY27. Revenue rose 18.8% to 1,050.6 Cr, PAT jumped 62.5% to 30.1 Cr. The company is acquiring Friction Business for 85 Cr and secured new orders worth 2,040 Cr Lifetime Value, indicating solid future growth.
Rane (Madras) acquires Hindustan Composites' friction business for ₹370 Cr, creating India's largest friction solutions platform. The deal combines RML's ₹700 Cr+ existing business with HCL's ₹315 Cr revenue, forming a ₹1,000 Cr+ entity, expecting significant synergies and market expansion.
Rane (Madras) reports strong Q4 FY26. Revenue rose 16.2% to 1,051.7 Cr, EBITDA up 20.1% to 99.4 Cr (margin 9.5%), and PAT surged 466.9% to 37.0 Cr. Board proposes Rs 16/share dividend. Net debt decreased by 73.4 Cr. Secured new orders worth 3 Cr in Q4.
Rane (Madras) reports robust financial results for the quarter & nine months: Revenue up 21.3% to 1,019.1 Cr, EBITDA up 36.8% to 94.8 Cr, & PAT at 30.5 Cr. A new Aftermarket Products President was appointed. Board approved director commissions, pending shareholder vote.