Which companies are Rane (Madras)'s closest peers?

The cockpit's peer set: Hefei Changqing Machinery (603768.SS), Zhejiang Yueling (002725.SZ), Yantai Yatong Precision Mechanical (603190.SS), Snt Motiv (064960.KS), Hu Lane Associate (6279.TWO), ADD Industry (Zhejiang) (603089.SS), Guangzhou Jinzhong Auto Parts Manufacturing (301133.SZ), Eurocharm (5288.TW).

Is Rane (Madras) expensive compared with its peers?

On ev / sales it trades at 0.9× against a peer median of 1.3×, 6th cheapest of 21 in its peer set.

How has Rane (Madras) stock performed?

Over six months to 6 Nov 2026 the shares returned +33.8% against -18.6% for the median peer; over one year +54.8%.

← CockpitCompetitor Analysis › RML.NS Rane (Madras) LimitedOpen in the cockpit ↗

Rane (Madras) LimitedRML.NSCompetitor analysis, valuation and peers

India · INR·Auto & Ancillaries›Auto Parts: OEM

Momentum leader 89

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$367M

US dollars, full cap

Free float

63%

of shares outstanding

$/day

$455,193

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

+4.7 pp

WACC 15.4%

Hurdle

n/a

no reverse DCF

Close · INR₹1,256

1D-1.6%

1W+6.2%

1M-6.0%

3M+20.6%

6M+33.8%

YTD+57.1%

1Y+54.8%

ATR %4.6%

Beta1.02

52w lowhigh12.8% off high

What Rane (Madras) does

Employees: 2,631

Rane (Madras) at a glance

Size Rane (Madras) (RML.NS) is an India Consumer Discretionary company (Auto Parts: OEM) with a market value of $367M, the 974th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,256 on 6 Nov 2026.

Performance Over six months the shares gained 33.8%, against -18.6% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 21 in its peer set.

Growth Revenue grew 42.1% over the last twelve months (peer median +6.0%); the operating margin is 5.0% (peer median 6.9%).

Valuation It trades at 0.9× enterprise value to sales against a peer median of 1.3× (6th cheapest of 21).

Capital Return on invested capital runs 4.7 points above its cost of capital (15.4% WACC).

Relative performance

Six months, rebased to 100: Rane (Madras) against the median of its 20 peers (local-currency closes).

Rane (Madras) financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	₹40.2B	₹38.5B	₹33.9B	₹34.5B	₹23.4B
Revenue growth	—	+13%	-2%	+47%	—
Gross profit	₹9.48B	₹4.87B	₹4.26B	₹4.28B	₹2.32B
EBITDA	₹3.52B	₹3.32B	₹2.95B	₹2.87B	₹1.75B
Net income	₹1.19B	₹1.07B	₹376M	₹548M	₹300M
Free cash flow	n/a	-₹270M	₹637M	-₹647M	-₹517M
Capital expenditure	n/a	₹1.91B	₹1.85B	₹1.94B	₹1.08B
Total debt	n/a	₹7.52B	₹8.13B	₹8.51B	₹6.68B

Quarterly statements and history in the cockpit →

Rane (Madras) competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Rane (Madras) is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Rane (Madras) is the large dot.

Rane (Madras) competitors and peer comparison

How Rane (Madras) compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Rane (Madras) against its 20 peers (data as of 6 Nov 2026)
Measure	RML.NS	Peer median	Rank in peer set
1-month return	-6.0%	-10.4%	4th highest of 21
6-month return	+33.8%	-18.6%	2nd highest of 21
Distance from 52-week high	-12.8%	-34.3%	2nd highest of 21
Revenue growth (TTM)	+42.1%	+6.0%	highest of 21
Operating margin	5.0%	6.9%	9th lowest of 21
EV / Sales	0.9×	1.3×	6th cheapest of 21
ROIC minus cost of capital	+4.7 pp	+0.8 pp	5th highest of 21
EV / EBITDA	9.9×	8.7×	6th cheapest of 11
Net debt / EBITDA	2.0×	0.9×	5th most indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Rane (Madras) RML.NS	India	$367M	+34%	+42%	5%	0.9×	n/a	n/a
Hefei Changqing Machinery 603768.SS	China	$368M	-13%	+11%	-3%	1.4×	n/a	n/a
Zhejiang Yueling 002725.SZ	China	$371M	-43%	-1%	-1%	3.5×	n/a	n/a
Yantai Yatong Precision Mechanical 603190.SS	China	$374M	-29%	+21%	8%	1.7×	n/a	n/a
Snt Motiv 064960.KS	South Korea	$376M	-31%	0%	10%	0.5×	n/a	n/a
Hu Lane Associate 6279.TWO	Taiwan	$359M	-9%	+8%	14%	1.4×	n/a	n/a
ADD Industry (Zhejiang) 603089.SS	China	$358M	-25%	+4%	0%	1.2×	n/a	n/a
Guangzhou Jinzhong Auto Parts Manufacturing 301133.SZ	China	$377M	-55%	+8%	-3%	2.4×	n/a	n/a
Eurocharm 5288.TW	Taiwan	$357M	-1%	+10%	14%	1.3×	-9.0%	+7.9%
Jing-Jin Electric Technologies 688280.SS	China	$380M	-41%	+38%	-2%	1.1×	33.7%	+36.4%
Shandong Gold Phoenix 603586.SS	China	$387M	-18%	-17%	5%	1.1×	-5.7%	+6.5%
Winstech Precision 001319.SZ	China	$348M	-19%	+28%	10%	1.6×	0.1%	+11.2%
Nihon Tokushu Toryo 4619.T	Japan	$346M	+23%	-4%	7%	0.8×	2.1%	+5.2%
Changshu Tongrun Auto Accessory 603201.SS	China	$391M	-13%	+12%	9%	0.8×	-9.2%	+4.3%
Stabilus STM.DE	Germany	$395M	-21%	-8%	7%	0.8×	-4.4%	+9.5%
Mingxin New Material 605068.SS	China	$395M	-37%	-1%	2%	2.4×	13.2%	+13.0%
Shanthi Gears SHANTIGEAR.NS	India	$396M	+6%	-14%	13%	7.3×	41.2%	+19.2%
Uniparts India UNIPARTS.NS	India	$338M	+26%	+33%	19%	2.3×	11.8%	+5.4%
Zhejiang Jinfei Kaida Wheel 002863.SZ	China	$401M	-20%	+15%	4%	1.2×	n/a	n/a
SuperAlloy Industrial 1563.TW	Taiwan	$335M	+60%	+3%	8%	1.5×	-0.1%	+5.1%
Mitsuba 7280.T	Japan	$333M	+2%	+3%	7%	0.3×	-16.1%	+5.3%

Questions

Which companies are Rane (Madras)'s closest peers?: The cockpit's peer set: Hefei Changqing Machinery (603768.SS), Zhejiang Yueling (002725.SZ), Yantai Yatong Precision Mechanical (603190.SS), Snt Motiv (064960.KS), Hu Lane Associate (6279.TWO), ADD Industry (Zhejiang) (603089.SS), Guangzhou Jinzhong Auto Parts Manufacturing (301133.SZ), Eurocharm (5288.TW).
Is Rane (Madras) expensive compared with its peers?: On ev / sales it trades at 0.9× against a peer median of 1.3×, 6th cheapest of 21 in its peer set.
How has Rane (Madras) stock performed?: Over six months to 6 Nov 2026 the shares returned +33.8% against -18.6% for the median peer; over one year +54.8%.