Company Overview

Rane (Madras) Limited (Scrip Code: 532661, Symbol: RML) is an automotive components manufacturer with products including hydraulic pinion housings, pump housings, EPAS components, brake housing, timing-case cover, engine oil sump, gear case, transmission housing, disc pads, clutch facings, engine valves, valve guides, and mechanical tappets.

Key Financial Highlights Q1 FY27

Net sales increased from ₹869.3 crore in Q1 FY26 to ₹1,029.9 crore in Q1 FY27, representing 18.5% year-on-year growth.

Sales Breakdown (Q1 FY27)

  • Sales to Domestic OE customers: 56% of total sales, grew by 13% mainly due to higher offtake in passenger vehicle and farm tractor segments
  • Sales to International customers: 30% of total sales, increased by 24% supported by strong offtake of steering products
  • Sales to Indian Aftermarket customers: Increased by 28%
  • Deemed exports accounted for approximately 35% of International OEM & Aftermarket sales

Strategic Development: Acquisition

Rane (Madras) Limited completed the acquisition of the friction business of Hindustan Composites Limited (HCL), which is being integrated with RML's Brake Components Business. The acquisition creates a ₹1,000+ crore combined friction business and is expected to be EPS accretive from the first year onwards. The transaction provides manufacturing and sourcing synergies.

New Business Wins

During Q1 FY27, the company secured 24 new programs across multiple vehicle segments with a Lifetime Value (LTV) of over ₹2,040 crores. Export programs accounted for 54% of the total LTV, reflecting continued traction in international markets. The orders span both existing and new customer relationships, including EV applications, with an average program life of approximately six years.

Awards and Recognition

  • RML-BCD received Award for Outstanding Support in Supply Chain Resilience from ZF Group
  • RML-SLD received GreenCo Champion Award for implementation of GreenCo Rating System across multiple locations
  • RML-SLD Puducherry awarded GreenCo Platinum Rating
  • RML-ECD Trichy awarded Zero PPM Award for zero-defect supplies to TIEI
  • RML-ECD Aziz Nagar received Bronze Award at CII National EHS Excellence Awards 2025

Manufacturing and Operations

The company has multiple manufacturing locations with global reach, serving major automotive customers across steering and suspension products, engine and cooling system products, brake products, transmission products, and fluids.

Sustainability Highlights

The company has demonstrated commitment to environmental, health, and safety practices as evidenced by multiple awards and certifications received across divisions.

Forward-Looking Statement Disclaimer

The presentation contains forward-looking statements concerning future business prospects and profitability, subject to risks and uncertainties including fluctuations in earnings, growth management, domestic and international competition, economic growth in India and export countries, ability to attract skilled professionals, government policies, fiscal deficits, regulations, interest rates, and other fiscal costs.