Rane Holdings Limited (RANEHOLDIN)
₹1,431.90 -0.29% last close, 23 Oct
Snapshot
Rane Holdings Limited closed at ₹1,431.90 on 23 Oct 2026, 0.1% above its 200-day average, with an RSI(14) of 30.3 and a P/E of 16.06. On the daily chart it is in a weak downtrend, with a technical score of 24/100 (strong bearish). In the quarter ended June 2026, revenue grew 18.3% and net profit fell 15.3% from a year earlier. The board meets on 12 Nov 2026 to consider the Q2 FY27 results. Data as of 23 Oct 2026.
Price
- Price
- ₹1,431.90
- Day change
- -0.29%
- Market Cap
- ₹2,044 Cr
- 52-week range
- ₹981.00 – ₹1,894.50
- From 52-week high
- -24.42%
Financials23 Oct 2026
- P/E
- 16.06
- P/B
- 1.77
- ROE
- 11.0%
- ROCE
- 10.0%
- Debt to Equity
- 0.88
- OPM
- 6.1%
- YoY qtr sales growth
- 18.3%
- YoY qtr profit growth
- -15.3%
- Dividend Yield
- 2.66%
Latest quarter Jun 2026 · Consolidated
Technicals23 Oct 2026
- Trend
- Weak Downtrend
- Technical score
- 24/100 · Strong bearish
- MACD
- Bearish
- RSI (14)
- 30.28
- ADX (14)
- 18.76
- SuperTrend
- Bearish
- vs 20-day SMA
- -5.83%
- vs 50-day SMA
- -9.74%
- vs 200-day SMA
- +0.08%
- RS rating
- 69.00
- Nearest support
- ₹1,365.20
- Nearest resistance
- ₹1,517.20
Exchange activity23 Oct 2026
- Delivery
- 68.92% vs 60.29% average
- Volume vs its average
- 0.7×
Events
- Next results
- 12 Nov 2026 (Q2 FY27)
- Latest results
- Q1 FY27, filed 13 Aug 2026
- Board meeting filing
- 13 Aug 2026
Exchange data. Each figure as its own page shows it; the dates are the data's. Information only, not investment advice.
📈 Share price & events
Q2 FY27 results
📅 Next results: 12 Nov 2026 (board meeting)Rane Holdings Limited's board meets on 12 Nov 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Rane Holdings' revenue was ₹1,587 Cr (+18.3% year on year, -1.4% on the previous quarter), and net profit ₹48.3 Cr (-15.3% year on year); the operating margin was 6.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1,587 | +18.3% | -1.4% |
| Operating profit | ₹107 | +5.0% | -15.0% |
| Net profit | ₹48.3 | -15.3% | -45.1% |
| EPS (₹) | 26.17 | -26.4% | -49.6% |
| Operating margin | 6.8% | — | — |
RANEHOLDIN delivery percentage
NSE end-of-day data for
On Fri, 23 Oct 2026, 68.92% of the RANEHOLDIN shares traded on NSE were taken to delivery, against the stock's own 20-session average of 60.29%. That is close to its usual level.
Delivery in the last 5 sessions: 59.8% · 50.6% · 76.3% · 63.0% · 68.9%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Rane Holdings Limited's Finance Committee has approved an additional equity investment of ₹80.85 crore in its joint venture, ZF LIFETEC Rane Automotive India Private Limited (ZLRAI). The investment will be made via subscription to 5,15,954 equity shares at ₹1,567 per share under a rights issue to fund capex and opex. Post-transaction, Rane Holdings' equity holding in the JV remains unchanged at 49%. The transaction size represents ~12.4% of Rane Holdings' net worth (₹651 crore) and ~2.6% of its market capitalization (₹3,144 crore).
- Board approved ₹80.85 crore equity investment via rights issue in JV ZF LIFETEC Rane Automotive India
- Subscription to 5,15,954 equity shares of face value ₹10 at an issue price of ₹1,567 per share (₹1,557 premium)
- Rane Holdings' equity stake in the JV remains steady at 49% post-transaction
- ZLRAI reported turnover of ₹1,180.55 crore and net worth of ₹113.74 crore for FY 2025-26
- Transaction scheduled for completion on or before October 31, 2026
CRISIL Ratings Limited has assigned credit ratings to Rane Holdings Limited's total bank loan facilities of ₹110.00 crore. The long-term facilities amounting to ₹105.00 crore received a 'CRISIL AA-/Stable' rating, while the short-term facilities of ₹5.00 crore were assigned 'CRISIL A1+'. The rated facilities comprise ₹81.84 crore of proposed term loans, ₹18.16 crore term loan with Bajaj Finance, and ₹10.00 crore in working capital facilities.
- Total bank loan facilities rated: ₹110.00 crore
- Long-term rating assigned: 'CRISIL AA-/Stable' for ₹105.00 crore
- Short-term rating assigned: 'CRISIL A1+' for ₹5.00 crore
- Facility breakup includes ₹81.84 crore proposed term loan and ₹18.16 crore Bajaj Finance term loan
- Revalidation required if proposed facilities are not availed within 180 days
Rane Holdings Limited announced that its wholly-owned subsidiary, Rane Steering Systems Private Limited (RSSL), has received an order from the GST Authority dropping a tax demand of Rs 10.07 crores in its entirety. The demand, which pertained to FY 2022-23 and FY 2023-24, related to alleged ineligible ITC claims under Section 17(5) of the CGST Act and included a penalty of Rs 0.92 crores. Following submissions and supporting documentation by RSSL, proceedings were dropped with nil financial implication on the company. The relief represents ~7.9% of the group's TTM net profit of Rs 127 crores, removing a minor legal overhang.
- GST Authority drops tax demand of Rs 10.07 crores in entirety for wholly-owned subsidiary Rane Steering Systems Private Limited
- Dropped demand includes a penalty component of Rs 0.92 crores
- Proceedings pertained to FY 2022-23 and FY 2023-24 under Section 73 of the CGST Act, 2017
- Company confirms nil financial impact or operational restrictions following the order received on October 08, 2026
Rane Holdings Limited disclosed a shareholding change under SEBI PIT Regulations regarding promoter group member Mrs. Meenakshi Ganesh. She acquired 1,348 equity shares (0.009% stake) on September 29, 2026, through transmission from Late Kripa Subramaniam. Following this transmission, her total holding (including joint holding of 3,05,430 shares with L Ganesh) stands at 3,06,778 equity shares, or 2.15% of the company. The transaction is an internal estate settlement with negligible change to overall promoter ownership.
- Acquisition of 1,348 equity shares (0.009% stake) via transmission from Late Kripa Subramaniam
- Post-transmission total holding of Meenakshi Ganesh rises to 3,06,778 shares (2.15%)
- Joint holding with L Ganesh remains unchanged at 3,05,430 shares (2.14%)
- Transmission executed off-market on September 29, 2026, and intimated on October 1, 2026
Rane Holdings Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by its Registrar and Share Transfer Agent Integrated Registry Management Services, confirms the processing and cancellation of dematerialized physical share certificates. All substituted share records were updated in the register within the stipulated timeline. This is a regular administrative disclosure with no financial impact.
- Compliance certificate submitted for the quarter ended September 30, 2026
- Issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Share certificates received for dematerialisation verified, mutilated, and cancelled within stipulated deadlines
- Confirmation issued by RTA Integrated Registry Management Services Private Limited on October 5, 2026
Rane Holdings Limited announced that its wholly owned subsidiary, Rane Steering Systems Private Limited (RSSL), received a GST Show Cause Notice on September 28, 2026, from the Deputy Excise & Taxation Commissioner, Rewari, Haryana. The demand aggregates to Rs 57.12 Crores, which includes applicable interest and a penalty of Rs 1.25 Crores for FY 2022-23. The claims primarily relate to excess ITC claimed in GSTR-3B vs GSTR-2B, reverse charge liability on trademark fees and employee secondment, and ineligible ITC availment. The total exposure represents approximately 45% of Rane Holdings' TTM PAT of Rs 127 Crores, though RSSL intends to contest the notice.
- Subsidiary RSSL received Show Cause Notice under Section 73 of CGST Act, 2017 on September 28, 2026
- Total expected financial implications aggregate to Rs 57.12 Crores
- Includes penalty component of Rs 1.25 Crores plus applicable interest
- Covers tax disputes for Financial Year 2022-23 majorly on ITC discrepancies and reverse charge liabilities
Rane Holdings Limited announced that its wholly owned subsidiary, Rane Steering Systems Private Limited (RSSL), received Show Cause Notices under Section 73 of the CGST Act, 2017. The notices from tax authorities in Chennai demand Rs 10.07 Crores, which includes a penalty of Rs 0.92 Crores, concerning alleged ineligible Input Tax Credit under Section 17(5) for FY 2022-23 and FY 2023-24. The total demand represents approximately 7.9% of the company's TTM PAT of Rs 127 Crores. RSSL intends to file a reply within the prescribed timelines in consultation with tax advisors.
- Subsidiary RSSL received Show Cause Notice under Section 73 of CGST Act, 2017 on September 24, 2026
- Total expected financial implication is Rs 10.07 Crores
- Demand includes an explicit penalty amount of Rs 0.92 Crores
- Pertains to alleged ineligible ITC under Section 17(5) for FY 2022-23 and FY 2023-24
- Rs 10.07 Crores exposure represents ~0.16% of TTM revenue (Rs 6,130 Cr) and ~7.9% of TTM PAT (Rs 127 Cr)
Rane Holdings Limited has informed the exchanges that the transcript of its earnings conference call held on August 21, 2026, is now available on the company's official website. This filing is a routine compliance update pursuant to Regulation 30 of SEBI LODR regulations following its Q1 FY27 earnings call. In Q1 FY27 (quarter ended June 2026), the company reported consolidated revenue of ₹1,586.88 Cr and a net profit of ₹48.27 Cr. The filing does not contain any new financial numbers or material updates directly in the text.
- Earnings conference call was conducted on August 21, 2026.
- Call transcript uploaded to the company's website under investor information section.
- Follows prior regulatory intimations dated August 18, August 20, and August 21, 2026.
- Filed under Regulation 30 compliance of SEBI LODR regulations.
Rane Holdings Limited has received an ESG rating of 'Crisil ESG 65' under the 'Strong' category from Crisil ESG Ratings & Analytics Limited, a SEBI-registered ESG Rating Provider. The assessment score was disseminated on August 26, 2026. This announcement is an informational disclosure in compliance with Regulation 30 of SEBI LODR Regulations and has no immediate direct impact on the company's financial earnings or capital structure.
- Crisil ESG Ratings & Analytics Limited assigned an ESG rating of 'Crisil ESG 65'
- The rating is classified under the 'Strong' category
- Rating was disseminated by Crisil on August 26, 2026 (18:28 hrs / 18:29 hrs) and filed on August 27, 2026
Rane Holdings Limited has made available the audio and video recordings of its earnings conference call conducted on August 21, 2026, at 15:00 hrs IST. The recording is accessible on the company's website in compliance with Regulation 30 of the SEBI LODR Regulations. This follows prior intimations sent to exchanges on August 18 and August 20, 2026. This is a standard statutory compliance filing with no new material financial disclosures made in the text.
- Earnings conference call was conducted on August 21, 2026, at 15:00 hrs (IST)
- Audio and video recordings uploaded to the company's official investor portal
- Filing made pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements
- Follows earlier intimations dated August 18, 2026, and August 20, 2026
Rane Holdings reported an 18.7% YoY growth in consolidated revenue to ₹1,596.9 Cr for Q1 FY27, driven by volume growth across key divisions. Consolidated EBITDA rose 9.8% YoY to ₹117.1 Cr, though EBITDA margin contracted 59 bps YoY to 7.3%. PAT fell 16.0% YoY to ₹48.3 Cr (margin 3.0%), impacted in part by losses at Rane Steering Systems (PAT loss of ₹7 Cr). The group secured 34 new programs with an aggregate lifetime value (LTV) of ₹4,320 Cr (~70.5% of TTM revenue), of which 37% is targeted for export markets.
- Consolidated revenue increased 18.7% YoY to ₹1,596.9 Cr in Q1 FY27 vs ₹1,346.0 Cr in Q1 FY26
- EBITDA grew 9.8% YoY to ₹117.1 Cr, while EBITDA margin contracted by 59 bps YoY to 7.3%
- Consolidated PAT declined 16.0% YoY to ₹48.3 Cr from ₹57.0 Cr in Q1 FY26
- Secured 34 new programs with ₹4,320 Cr in aggregate Lifetime Value (LTV), led by RML (₹2,040 Cr) and ZF LIFETEC (₹1,530 Cr)
- Rane Steering Systems Pvt Ltd remained in a net loss of ₹7 Cr on ₹546 Cr revenue, dragging profitability
Rane Holdings Limited has announced an Earnings Conference Call scheduled for Friday, August 21, 2026, from 15:00 to 16:00 hrs IST. The call will discuss the company's unaudited financial results for the first quarter ended June 30, 2026. Senior leadership, including the Group CFO and subsidiary finance heads, will represent the management on the call. An investor presentation and call transcript will subsequently be hosted on the company's website.
- Earnings conference call scheduled for Friday, August 21, 2026 at 15:00 hrs IST
- Call duration set for 15:00 to 16:00 hrs IST to discuss Q1 FY27 results
- Focus period covers the financial performance for the quarter ended June 30, 2026
- Call hosted by senior leadership including Dr. P.A. Padmanabhan, Group CFO, and Mr. J. Ananth, CFO
Rane Holdings Limited successfully concluded its 90th Annual General Meeting on August 13, 2026, with all four resolutions passed by the requisite majority. Shareholders approved the FY26 audited financial statements and the declaration of a dividend. While the appointment of Mr. Ramesh Rajan Natarajan as an Independent Director passed with 96.52% total support, it faced significant institutional opposition with 71.19% of institutional votes cast against it. The company maintains a TTM revenue of ‑5,884 Cr and a market capitalization of ‑3,547 Cr.
- Total of 71,14,050 valid votes were polled for the dividend resolution, representing 49.83% of the total shareholding.
- Resolution to declare dividend on equity shares passed with 99.9998% of votes in favor.
- Institutional investors cast 2,47,185 votes against the appointment of Mr. Ramesh Rajan Natarajan as an Independent Director.
- The meeting was attended by 56 shareholders through video conferencing, including 20 from the promoter group.
- Record date for determining shareholder eligibility for voting was August 06, 2026, with 16,639 total shareholders.
Rane Holdings Limited (RHL) has submitted its quarterly statement confirming zero deviation in the utilization of funds raised through a preferential issue to promoters. As of June 30, 2026, the company received ₹10.00 crores, which represents the subscription price for 3,38,030 convertible warrants out of a total issue size of ₹40.00 crores. The funds were received on June 25, 2026, and the warrants were subsequently allotted on July 30, 2026. The proceeds are intended for strategic investments in group companies, debt repayment, and general corporate purposes.
- ₹10.00 crores raised as warrant subscription price on June 25, 2026
- Total issue size of ₹40.00 crores for the preferential allotment of 3,38,030 warrants
- Zero deviation or variation reported in the utilization of funds for the quarter ended June 30, 2026
- Warrants were formally allotted on July 30, 2026, following in-principle exchange approvals
- Funds are earmarked for strategic investments, debt repayment, and general corporate purposes
Rane Holdings reported a consolidated revenue of ₹1,586.88 Cr for Q1 FY27, marking an 18.3% growth compared to ₹1,340.82 Cr in Q1 FY26. Despite the top-line growth, consolidated Net Profit (PAT) declined by 16% YoY to ₹48.27 Cr from ₹57.49 Cr, primarily due to a sharp rise in material costs which reached ₹1,051.84 Cr. The company's share of profit from joint ventures and associates contributed ₹15.60 Cr. Earnings per share (EPS) for the quarter fell to ₹26.17 from ₹35.57 in the previous year's corresponding quarter.
- Consolidated revenue from operations increased 18.3% YoY to ₹1,586.88 Cr.
- Consolidated Net Profit (PAT) decreased 16% YoY to ₹48.27 Cr.
- Cost of materials consumed rose to ₹1,051.84 Cr, representing 66.3% of revenue.
- Share of profit from joint ventures and associate entities stood at ₹15.60 Cr.
- Consolidated EPS for the quarter was ₹26.17 compared to ₹35.57 in Q1 FY26.
Company profilewritten 14 Dec 2025
Financial Performance
Revenue Growth by Segment
Group aggregate sales grew 1.5% YoY to INR 7,413 Cr in FY25 from INR 7,300 Cr in FY24. Rane (Madras) Limited (RML) consolidated revenue grew 8.3% YoY to INR 923 Cr in Q2 FY26 from INR 852 Cr in Q2 FY25. Rane Steering Systems (RSSL) revenue grew 19.7% YoY to INR 480 Cr in Q2 FY26 from INR 401 Cr in Q2 FY25.
Geographic Revenue Split
The group operates 30 manufacturing locations in India and 1 in Mexico. Business development establishments are located in North America, Europe, and Japan. While specific % splits are not disclosed, the group markets products across 30+ countries.
Profitability Margins
RML PAT margin improved to 2.3% (INR 21 Cr) in Q2 FY26 from 1.9% (INR 16 Cr) in Q2 FY25. RSSL PAT margin significantly improved to 3.7% (INR 18 Cr) in Q2 FY26 from 1.1% (INR 4 Cr) in Q2 FY25. Standalone PAT/OI was 38.2% in FY22.
EBITDA Margin
RML EBITDA margin stood at 9.0% (INR 83 Cr) in Q2 FY26, a slight improvement from 8.8% (INR 75 Cr) in Q2 FY25. RSSL EBITDA margin was not explicitly detailed for Q2 FY26 but showed a PAT of INR 18 Cr.
Capital Expenditure
Rane Holdings Limited (RHL) has planned standalone annual capex commitments of INR 5-10 Cr for the period H2 FY25 to FY27. The company also invested INR 45 Cr in September 2024 to acquire the remaining 51% stake in Rane Steering Systems Private Limited.
Credit Rating & Borrowing
Ratings reaffirmed at [ICRA]AA- (Stable) for long-term fund-based facilities (INR 75 Cr term loans) and [ICRA]A1+ for short-term unallocated limits. Standalone interest coverage was 9.2x in FY22.
Operational Drivers
Raw Materials
Key raw materials include steel, aluminum for light metal castings, friction materials for brake linings, and components for steering/suspension systems. Specific % of total cost per material is not disclosed.
Capacity Expansion
Current capacity includes 30 locations in India and 1 in Mexico. Expansion is being driven by the amalgamation of Rane Brake Lining and Rane Engine Valve into Rane (Madras) Limited to optimize resources and the full acquisition of RSSL to scale Electric Power Steering (EPS) production.
Raw Material Costs
The group implemented strategic savings initiatives on sourcing and power at the group level to mitigate cost pressures. Lean measures are continuously engaged to improve productivity.
Manufacturing Efficiency
RML achieved a Return on Capital Employed (ROCE) of 31% in Q2 FY26. The group utilizes 'Quality Circles' (QC) and lean measures to drive efficiency across its 31 global manufacturing sites.
Strategic Growth
Growth Strategy
Growth is targeted through the amalgamation of listed subsidiaries (Rane Brake Lining and Rane Engine Valve into RML) to achieve cost and revenue synergies. The group is also focusing on the acquisition of the balance 51% stake in RSSL (INR 45 Cr) to fully control the Electric Power Steering (EPS) and Manual Steering Column (MSC) business for passenger and commercial vehicles.
Products & Services
Steering and Suspension systems, brake components, engine valves, occupant safety systems (seat belts and airbags), light metal casting products, and connected mobility solutions.
Brand Portfolio
Rane
New Products/Services
Focus on Electric Power Steering (EPS) through RSSL and connected mobility solutions through Rane T4U Private Limited.
Market Expansion
Expansion into North America and Europe through dedicated subsidiaries (Rane Holdings America Inc. and Rane Holdings Europe GmbH) to support business development for group products.
Strategic Alliances
The group previously operated a JV with NSK Ltd. Japan (RNSSPL), which was converted to a 100% subsidiary (RSSL) in September 2024. It maintains a JV with ZF (ZF Rane Automotive India Pvt Ltd).
External Factors
Industry Trends
The industry is shifting toward Electric Vehicles (EVs), ride-sharing, and sustainable materials. The group is positioning itself by consolidating operations to improve access to capital for these growth opportunities.
Competitive Landscape
Competes with domestic and international auto component manufacturers. Key advantage is the unified approach in customer engagement and supply chain management following the RML amalgamation.
Competitive Moat
Moat is built on long-standing OEM relationships, a 95-year brand history ('Rane' founded in 1929), and a diversified product portfolio across steering, friction, and safety systems which mitigates segment-specific risks.
Macro Economic Sensitivity
Highly sensitive to the Indian and global automotive industry cycles; the group's performance is strongly correlated to GDP growth and interest rates affecting vehicle financing.
Consumer Behavior
Increasing awareness of environmental damage from emissions and a shift toward ride-sharing are noted as potential demand disruptors.
Geopolitical Risks
Exposure to international trade through a manufacturing facility in Mexico and business development offices in Germany and Japan.
Regulatory & Governance
Industry Regulations
Operations are subject to automotive safety standards (seat belts/airbags) and pollution norms. The company conducted a Secretarial Audit for FY25 to ensure compliance with the Companies Act and SEBI regulations.
Environmental Compliance
The group is monitoring risks related to environmental damage from emissions and is adapting product lines (like EPS) to align with EV trends.
Legal Contingencies
Warranty issues in Rane Steering Systems (RSSL) previously led to an increase in debt levels. Specific INR values for pending court cases are not disclosed.
Risk Analysis
Key Uncertainties
The primary uncertainty is the pace of EV adoption which could disrupt the engine valve business. Vehicle recalls by OEMs due to defective parts could create significant liability.
Geographic Concentration Risk
Heavy concentration in India with 30 manufacturing locations, though international presence is growing via the Mexico plant and global business development offices.
Third Party Dependencies
Dependency on NSK Ltd. Japan ceased following the 100% acquisition of the steering JV in 2024.
Technology Obsolescence Risk
Risk of obsolescence in internal combustion engine components; mitigated by diversification into occupant safety and electric steering systems.
Credit & Counterparty Risk
Receivables quality is generally high as the group serves major established OEMs, and RHL maintains a healthy liquidity position with negligible utilization of working capital limits.
