Rane Holdings Limited (RHL) is the holding company of Rane Group, an Indian industrial conglomerate headquartered in Chennai. Founded in 1929, RHL is a listed company with investments exclusively in the group companies. What began as a dealer for automobiles, trucks, and auto-parts in Madras in the 1920s, Rane has grown to encompass ten different companies as of 2013, establishing itself as a significant player in India's automotive component manufacturing sector with a rich legacy spanning over nine decades.
Rane Holdings Limited (RHL), formerly known as Rane Madras Ltd, primarily invests in Rane Group Companies. These group companies are engaged in the manufacturing and marketing of components, and providing technological services for the transportation industry, mainly the automotive sector. The company has a strong reputation for "dominat[ing] the domestic [Indian] auto component space" for "decades," according to The Automotive Horizon.
Rane Holdings Ltd (RANEHOLDIN) has a market capitalization of ₹2,272.74 Crore as of 1st July 2025. The company's stock has seen a 52-week high of ₹2,458.70 and a 52-week low of ₹1,151.10. As of July 2025, the P/E (price-to-earnings) ratio of Rane Holdings Ltd is 10.97, and the P/B (price-to-book) ratio is 1.94. The current dividend yield is 2.39%.
The company is well-positioned in the Indian automotive component market. Promoter holding in Rane Holdings Ltd was 46.55% as of March 2025, a slight decrease from 46.58% in June 2024, indicating strong promoter confidence while maintaining professional management standards.
For the full year ended March 2025 (FY25), net profit rose 67.42% to ₹207.22 Crore, compared to ₹123.77 Crore in the previous year (FY24). Sales increased 23.56% to ₹4,361.59 Crore in FY25, up from ₹3,529.82 Crore in FY24.
• Revenue FY25: ₹4,361.59 Crore
• Net Profit FY25: ₹207.22 Crore
• Operating Profit Margin FY25: 9.11%
• Return on Equity (3-year average): 12.4%
• Q4 FY25 Net Profit: ₹9.39 Crore (down 70.10% YoY)
• Q4 FY25 Sales: ₹1,373.68 Crore (up 57.86% YoY)
• Market Capitalization: ₹2,272.74 Crore (as of July 2025)
• Promoter Holding: 46.55% (as of March 2025)
• Current Dividend Yield: 2.39%
RHL owns the trademark for "Rane" and provides a range of services to its group companies, including employee training and development, investor services, business development, and Information systems support. As a holding company, RHL's primary function is to invest in and manage the various operating companies within the Rane Group ecosystem.
Major Subsidiaries and Joint Ventures:
- Rane (Madras) Ltd. (RML) - 71.77% holding. Manufactures Manual Steering Gears, Steering Linkages, Suspension Components, Light Metal Casting Products.
- Rane Engine Valve Ltd. (REVL) - 58.29% holding. Manufactures Engine Valves, Valve Guides.
- Rane Brake Lining Ltd. (RBL) - 50.03% holding. Manufactures Brake Linings and Disc Pads.
- ZF Rane Automotive India Pvt. Ltd. - 49% joint venture. Focuses on Hydraulic Power Steering systems, Steering Wheels, Seat Belts, Airbags.
- Rane NSK Steering Systems Pvt. Ltd. - 49% joint venture. Specialises in Electric Power Steering Systems, Manual Steering Columns, Steering Shafts.
Rane Group manufactures a diverse range of products, including steering and suspension systems, friction materials, valve train components, occupant safety systems, light metal casting products, and connected mobility solutions.
Key Product Categories:
- Steering and Suspension Systems: Manual steering gears, steering linkages, suspension components, hydraulic products.
- Valve Train Components: Engine valves, valve guides, mechanical tappets.
- Friction Material Products: Brake linings, disc pads, clutch facings, sintered brake pads.
- Occupant Safety Systems: Seat belts (including pretensioners, emergency locking retractors).
The company serves diverse market segments including Passenger Vehicles, Commercial Vehicles, Farm Tractors, Two-wheelers, Railways, and Stationary Engines. This diversification helps mitigate risks associated with dependency on any single automotive segment.
As of 2020, the Rane Group had manufacturing facilities located in Chennai, Puducherry, Hyderabad, Mysore, Tumkur, Pantnagar, Bawal, Trichy, and Sanand. The group achieved a sales turnover of $700 million in FY2021-22.
Rane Group is a preferred supplier to major OEMs in India and abroad, supplying to every segment of the auto industry and exporting to more than 30 countries globally.
Rane (Madras) Limited (RML) allotted 5,958,439 equity shares of face value Rs.10/- each on April 23, 2025, pursuant to the Scheme of Amalgamation of Rane Engine Valve Limited and Rane Brake Lining Limited with and into Rane (Madras) Limited. Post-allotment, the Company's shares in RML stand at 17,631,213 Equity Shares, representing 63.80% of RML's post-amalgamated issued and paid-up share capital.
Mr. L. Ganesh retired as Chairman from the operating entities of Rane Group, effective March 31, 2024. He continues to serve as a Non-Executive Director on these entities and remains Chairman and Managing Director of Rane Holdings Limited. Mr. Harish Lakshman took over as Chairman of Rane Group, effective from April 1, 2024.
Rane Holdings represents a compelling investment opportunity in India's automotive component sector. The company benefits from its diversified product portfolio, strong relationships with major OEMs, and strategic positioning as a holding company for the established Rane Group. Its long-standing dominance in the domestic Indian auto component space further solidifies its market position.
The company's focus on technological advancement through joint ventures with global leaders like ZF and NSK positions it well for the evolving automotive landscape, including electric vehicles and advanced safety systems. With a strong balance sheet and consistent dividend payments, Rane Holdings offers both growth potential and income generation for investors seeking exposure to India's dynamic automotive sector.
