Rane (Madras) Valuation Multiples

Discover Rane (Madras)'s revenue and EBITDA valuation multiples and M&A history.

Rane (Madras) Overview

About Rane (Madras)

Rane (Madras) Ltd provides components for the transportation industry. The company is a manufacturer of steering and suspension linkages products, steering gear products and other articles of aluminum die casting products. It operates through two divisions: the Steering and Linkages division and the Light Metal Castings division. The company's steering and linkages division manufactures manual steering gears, hydrostatic steering systems, and steering and suspension linkage products. Its Light Metal Castings division manufactures low-porosity, high-quality aluminum die-castings such as steering housings and engine case covers. Geographically, the company derives key revenue within India.


Founded

2004

HQ

India

Employees

2.6K

Financials (FY)

Revenue: $404M
EBITDA: $37M

EV

$433M

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Rane (Madras) Financials

Rane (Madras) reported last fiscal year revenue of $404M and EBITDA of $37M.

In the same fiscal year, Rane (Madras) generated $166M in gross profit, $37M in EBITDA, and $11M in net income.


Rane (Madras) P&L

In the most recent fiscal year, Rane (Madras) reported revenue of $404M and EBITDA of $37M.

Rane (Madras) is profitable as of last fiscal year, with gross margin of 41%, EBITDA margin of 9%, and net margin of 3%.

See analyst estimates for Rane (Madras)
Last FY202320242025202620272028
Revenue$404M$233M$322M$391M
Gross Profit$166M$69M$110M$155M
Gross Margin41%29%34%40%
EBITDA$37M$8M$23M$35M
EBITDA Margin9%4%7%9%
EBIT Margin5%4%5%5%
Net Profit$11M$1M$3M$9M
Net Margin3%0%1%2%
Net Debt$61M---

Financial data powered by Morningstar, Inc.

Rane (Madras) Stock Performance

Rane (Madras) has current market cap of $364M, and enterprise value of $433M.


Rane (Madras)'s stock price is $13.17.

Rane (Madras) has an EPS (earnings per share) of $0.41.

See more trading valuation data for Rane (Madras)
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$433M$364M2.7%---$0.41

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Rane (Madras) Valuation Multiples

Rane (Madras) trades at 1.1x EV/Revenue multiple, and 11.8x EV/EBITDA.

See NTM and 2027E valuation multiples for Rane (Madras)

Rane (Madras) Financial Valuation Multiples

As of July 9, 2026, Rane (Madras) has market cap of $364M and EV of $433M.

Rane (Madras) has a P/E ratio of 32.4x.

Last FY202320242025202620272028
EV/Revenue1.1x1.9x1.3x1.1x
EV/EBITDA11.8x51.5x18.5x12.4x
EV/EBIT21.5x47.1x26.7x21.9x
EV/Gross Profit2.6x6.3x4.0x2.8x
P/E32.4xn/m120.0x38.7x
EV/FCF147.9xn/m44.0x77.0x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Rane (Madras) Margins & Growth Rates

In the most recent fiscal year, Rane (Madras) reported gross margin of 41%, EBITDA margin of 9%, and net margin of 3%.

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Rane (Madras) Margins

Last FY202420252026202720282029
Gross Margin41%34%40%41%
EBITDA Margin9%7%9%9%
EBIT Margin5%5%5%5%
Net Margin3%1%2%3%
FCF Margin1%3%1%1%

Rane (Madras) Growth Rates

23/2424/2525/2626/2727/2828/29
Revenue Growth38%22%3%
Gross Profit Growth60%41%7%
EBITDA Growth178%50%5%
EBIT Growth76%22%2%
Net Profit Growth197%211%19%
FCF Growth(1930%)(43%)(48%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Rane (Madras) Operational KPIs

Rane (Madras)'s revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.

Rane (Madras)'s Rule of 40 is 12% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Rane (Madras)'s Rule of X is 17% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for Rane (Madras)
Last FY202320242025202620272028
Rule of 4012%---
Bessemer Rule of X17%---
Revenue per Employee$0.2M---
Opex per Employee$0.1M---
S&M Expenses to Revenue-3%3%3%
G&A Expenses to Revenue-2%2%1%
Opex to Revenue36%25%29%35%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Rane (Madras) Competitors

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E

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Acquisitions by Rane (Madras)

Rane (Madras) has acquired 3 companies to date.

Last acquisition by Rane (Madras) was on June 29th 2026. Rane (Madras) acquired Hindustan Composite (friction unit) for $39M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Rane (Madras)

Hindustan Composite (friction unit)
Rane NSK Steering Systems
Telematics4u
Description
Hindustan Composite (friction unit) is a manufacturing operation centered on braking components and friction materials for safety-critical uses.
Rane NSK Steering Systems is a joint venture between Rane Group and NSK Ltd., manufacturing steering columns for passenger cars, commercial vehicles, and off-road applications from facilities in Pune, India. Established in 2012, it supplies global automakers including Honda, Toyota, and Mahindra with over 1 million units produced annually.
Telematics4u is a global SaaS telematics provider delivering asset tracking, optimization, security, logistics, cold chain, and transportation monitoring via GPS, GIS, GPRS, and internet networks. Operator-agnostic with worldwide partners, its 24/7 web platform supports vehicle management from basic monitoring to full operations. Led by a team with 150 years collective experience, it enhances transportation profitability.
HQ Country-IndiaIndia
HQ City
-
Hyderabad
Bangalore
Deal Date29 Jun 20261 Jul 202431 Aug 2017
Valuation$39M$5Mundisclosed
EV/Revenue
EV/EBITDA

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About Rane (Madras)

When was Rane (Madras) founded?Rane (Madras) was founded in 2004.
Where is Rane (Madras) headquartered?Rane (Madras) is headquartered in India.
How many employees does Rane (Madras) have?As of today, Rane (Madras) has over 2K employees.
Is Rane (Madras) publicly listed?Yes, Rane (Madras) is a public company listed on National Stock Exchange of India.
What is the stock symbol of Rane (Madras)?Rane (Madras) trades under RML ticker.
When did Rane (Madras) go public?Rane (Madras) went public in 2005.
Who are competitors of Rane (Madras)?Rane (Madras) main competitors include
What is the current market cap of Rane (Madras)?Rane (Madras)'s current market cap is $364M.
What is the current revenue of Rane (Madras)?Rane (Madras)'s last fiscal year revenue is $404M.
What is the current EV/Revenue multiple of Rane (Madras)?Current revenue multiple of Rane (Madras) is 1.1x.
Is Rane (Madras) profitable?No, Rane (Madras) is not profitable.
How many companies Rane (Madras) has acquired to date?As of July 2026, Rane (Madras) has acquired 3 companies.
What was the largest acquisition by Rane (Madras)?$39M acquisition of Hindustan Composite (friction unit) on 29th June 2026 was the largest M&A Rane (Madras) has done to date.
What companies Rane (Madras) acquired?Rane (Madras) acquired Hindustan Composite (friction unit), Rane NSK Steering Systems, and Telematics4u.
In how many companies Rane (Madras) has invested to date?Rane (Madras) hasn't invested in any companies yet (or none have been disclosed publicly).

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