Chennai holding company for Rane Group, which makes auto steering, safety, brake and engine components.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 27.8 | +8.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 41.3 | +8.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 9.5 | +39.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 6.93 | +11.3 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 1.07 | −6.3 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 25.82 | +11.2 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Guidance
2 of 3 judged targets kept · 7 open · verdicts reflect calls analysed to Q4 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Group Revenue Growth | Aspiration to grow minimum 12% going up to 15% in the next three years | Q4 FY25 | RML revenue grew 16.2% YoY in Q4, continuing to meet the 12-15% growth aspiration. | Achieved |
| Total Debt Reduction Amount | INR 150-200 crore reduction in debt before the end of this financial year | Q4 FY25 | FY26 RML net debt reduced by only INR 73.4 cr, missing the INR 150-200 cr target. Land sale proceeds timeline further delayed. | Missed |
| Rane Madras EBITDA Margin | Start doing a double-digit EBITDA... 12-13% when market improves | Q4 FY25 | Achieved 9.5% for FY26. Management reiterates target of double-digit in FY27, then 11-12%. | On Track |
1 of Rane Holdings Limited's 10 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 7 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹1,526.8 on 24 Oct 2025 → ₹1,500.5. High ₹1,872.6 (3 Aug 2026), low ₹992 (30 Mar 2026).
Overview
Based on the company's own presentations, annual report and earnings calls.
Rane Holdings Limited is the promoter holding company of the Rane Group, an auto-component manufacturer headquartered in Chennai; it earns through its ownership stakes in operating subsidiaries and joint ventures rather than direct manufacturing. Its 63.80%-held subsidiary Rane (Madras) Limited makes steering and suspension linkages, light-metal castings, engine valves/tappets, and brake linings and clutch parts, while wholly-owned Rane Steering Systems Private Limited makes manual steering columns and electric power steering (EPS). Through 49%-held joint ventures with Germany's ZF Group — ZF Rane Automotive India and ZF Lifetec Rane Automotive India — the group also supplies hydraulic steering gear and pumps, seat belts, airbags and occupant-safety electronics. Group companies supply passenger vehicle, commercial vehicle, farm tractor, two/three-wheeler, railway and stationary-engine OEMs in India and overseas, plus the automotive aftermarket.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
2 of 3 judged targets kept · 7 open · verdicts reflect calls analysed to Q4 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Group Revenue Growth | Aspiration to grow minimum 12% going up to 15% in the next three years | Q4 FY25 | RML revenue grew 16.2% YoY in Q4, continuing to meet the 12-15% growth aspiration. | Achieved |
| Total Debt Reduction Amount | INR 150-200 crore reduction in debt before the end of this financial year | Q4 FY25 | FY26 RML net debt reduced by only INR 73.4 cr, missing the INR 150-200 cr target. Land sale proceeds timeline further delayed. | Missed |
| Rane Madras EBITDA Margin | Start doing a double-digit EBITDA... 12-13% when market improves | Q4 FY25 | Achieved 9.5% for FY26. Management reiterates target of double-digit in FY27, then 11-12%. | On Track |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 10 tracked commitments, with each call’s wording and source.
Call summaries
Rane Holdings Limited Q4 FY26
Rane Group reported a strong Q4 and full year FY26, driven by robust industry performance and record new business wins. The company focused on debt reduction and margin improvement, targeting double-digit EBITDA for Rane Madras. While optimistic about future growth, management remains cautious about geopolitical and commodity price volatility, and is awaiting clarity on ZF warranty claims.
Read the full callRane Holdings Q3 FY26
Rane Group reported a strong Q3 FY26 with RML's revenue growing 21.3% YoY to INR1,019.1 crores and EBITDA margin expanding by 106 bps to 9.3%. The company secured INR130 crores in new business during the quarter. However, a significant one-off warranty provision of INR230 crores was made by ZF Rane Automotive for a product recall, and Rane Steering Systems faced margin pressure from Labor Code provisions and older low-margin orders. Management is focused on cost reduction and debt reduction, with targets for double-digit EBITDA for Rane Madras by March '27.
Read the full callRane Holdings Q2 FY26
Rane Group reported a mixed but encouraging Q2 FY26 with Rane Madras revenue growing 8.4% to INR 923.4 crores and EBITDA margin improving to 9%. While new business wins exceeded INR 500 crores annually and key auto segments showed recovery, profitability was impacted by raw material costs in the brake division and persistent low margins in RSSL. The group is focused on debt reduction and strategic initiatives for future growth.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
Net profit, year on year: +40% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 36 | 23 | 25 | 26 | 76 | 28 | 36 | 28 |
| Expenses | 16 | 14 | 14 | 17 | 20 | 18 | 17 | 16 |
| Operating profit | 20 | 9 | 11 | 8 | 55 | 11 | 20 | 11 |
| Operating margin | 55.3% | 38.6% | 44.3% | 32.9% | 73.1% | 37.5% | 54.3% | 41.3% |
| Other income | 1 | 0 | 1 | 2 | 1 | 1 | 2 | 1 |
| Interest | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 19 | 7 | 9 | 8 | 54 | 9 | 19 | 11 |
| Tax rate | 16.5% | 14.5% | 7.6% | 11.7% | 11.8% | 7.0% | −13.3% | 12.4% |
| Net profit | 16 | 6 | 9 | 7 | 47 | 8 | 22 | 10 |
| EPS (₹ per share) | 11.08 | 4.45 | 6.12 | 4.77 | 33.19 | 5.90 | 15.40 | 6.67 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 2,595 | 147 | 141 | 166 |
| Expenses | 2,389 | 52 | 57 | 72 |
| Operating profit | 206 | 95 | 84 | 94 |
| Other income | 72 | 1 | 3 | 6 |
| Interest | 34 | 5 | 2 | 5 |
| Depreciation | 103 | 5 | 6 | 5 |
| Profit before tax | 141 | 86 | 79 | 90 |
| Net profit | 100 | 73 | 68 | 85 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 491 | 522 | 564 | 601 | 1,108 | 637 |
| Borrowings | 70 | 58 | 2 | 61 | 1,051 | 32 |
| Other liabilities | 16 | 17 | 16 | 18 | 1,507 | 18 |
| Total liabilities | 591 | 612 | 596 | 694 | 3,680 | 701 |
| Fixed assets | 102 | 106 | 67 | 65 | 1,159 | 62 |
| Capital work in progress | 1 | 0 | 0 | 0 | 105 | 0 |
| Investments | 475 | 479 | 495 | 548 | 356 | 577 |
| Other assets | 13 | 27 | 34 | 81 | 2,060 | 62 |
| Total assets | 591 | 612 | 596 | 694 | 3,680 | 701 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 27 | 47 | 54 | 83 | 78 | 85 |
| Cash from investing | -62 | -33 | -15 | 4 | -100 | 6 |
| Cash from financing | 34 | -14 | -37 | -86 | 21 | -89 |
| Net cash flow | -1 | 0 | 2 | 1 | -1 | 2 |
| Free cash flow | 26 | 45 | 51 | 109 | 73 | 83 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 65 | 16 | 32 | 26 | 28 | 35 |
| Cash conversion cycle | 65 | 16 | 32 | 26 | 28 | 35 |
| Working capital days | 54 | -6 | 22 | 9 | 21 | 16 |
| Return on capital employed | 6.0% | 13.0% | 12.0% | 16.0% | 13.0% | 14.0% |
| Dividend payout | 0.0% | 51.0% | 50.0% | 49.0% | 80.0% | 79.0% |
Ownership
Public hold 49.23% as of Sept 2026; institutions cut 0.21 pts since Jun 2026.
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of Rane Holdings Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 10.39% | unchanged | |
| 5.40% | unchanged | |
| 5.27% | unchanged | |
| 4.38% | unchanged | |
| 4.38% | unchanged | |
| 3.79% | unchanged | |
| 3.65% | unchanged | |
| 2.53% | unchanged | |
| 2.16% | unchanged | |
| 2.15% | newly disclosed | |
| 1.93% | unchanged | |
| Mutual fund | 1.73% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
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