Rane (Madras) Limited (RML) - Net Assets
Based on the latest financial reports, Rane (Madras) Limited (RML) has net assets worth Rs6.80 Billion INR (≈ $73.54 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs24.11 Billion ≈ $260.74 Million USD) and total liabilities (Rs17.31 Billion ≈ $187.20 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check RML cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs6.80 Billion |
| % of Total Assets | 28.2% |
| Annual Growth Rate | 16.38% |
| 5-Year Change | 268.84% |
| 10-Year Change | 321.49% |
| Growth Volatility | 37.55 |
Rane (Madras) Limited - Net Assets Trend (2006–2025)
This chart illustrates how Rane (Madras) Limited's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Rane (Madras) Limited for the complete picture of this company's asset base.
Annual Net Assets for Rane (Madras) Limited (2006–2025)
The table below shows the annual net assets of Rane (Madras) Limited from 2006 to 2025. For live valuation and market cap data, see Rane (Madras) Limited stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs6.71 Billion ≈ $72.55 Million |
+162.11% |
| 2024-03-31 | Rs2.56 Billion ≈ $27.68 Million |
+5.92% |
| 2023-03-31 | Rs2.42 Billion ≈ $26.13 Million |
+5.92% |
| 2022-03-31 | Rs2.28 Billion ≈ $24.67 Million |
+25.43% |
| 2021-03-31 | Rs1.82 Billion ≈ $19.67 Million |
-1.07% |
| 2020-03-31 | Rs1.84 Billion ≈ $19.88 Million |
-20.13% |
| 2019-03-31 | Rs2.30 Billion ≈ $24.90 Million |
+0.20% |
| 2018-03-31 | Rs2.30 Billion ≈ $24.85 Million |
+40.82% |
| 2017-03-31 | Rs1.63 Billion ≈ $17.64 Million |
+2.49% |
| 2016-03-31 | Rs1.59 Billion ≈ $17.21 Million |
+3.54% |
| 2015-03-31 | Rs1.54 Billion ≈ $16.63 Million |
+3.56% |
| 2014-03-31 | Rs1.48 Billion ≈ $16.05 Million |
+14.13% |
| 2013-03-31 | Rs1.30 Billion ≈ $14.07 Million |
+13.05% |
| 2012-03-31 | Rs1.15 Billion ≈ $12.44 Million |
+16.72% |
| 2011-03-31 | Rs985.76 Million ≈ $10.66 Million |
+19.56% |
| 2010-03-31 | Rs824.50 Million ≈ $8.92 Million |
+15.98% |
| 2009-03-31 | Rs710.87 Million ≈ $7.69 Million |
-3.01% |
| 2008-03-31 | Rs732.91 Million ≈ $7.93 Million |
+62.50% |
| 2007-03-31 | Rs451.02 Million ≈ $4.88 Million |
+20.06% |
| 2006-03-31 | Rs375.65 Million ≈ $4.06 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Rane (Madras) Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 95460000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs162.70 Million | 2.43% |
| Other Components | Rs7.50 Billion | 111.80% |
| Total Equity | Rs6.71 Billion | 100.00% |
Rane (Madras) Limited Competitors by Market Cap
The table below lists competitors of Rane (Madras) Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cricut Inc
NASDAQ:CRCT
|
$229.53 Million |
|
WEST RED LAKE GOLD MINES
F:UJ0
|
$229.58 Million |
|
Stille AB
ST:STIL
|
$229.66 Million |
|
Cathay Consolidated Inc
TW:1342
|
$229.70 Million |
|
Companhia Energética de Brasília - CEB
SA:CEBR3
|
$229.42 Million |
|
Solar A/S
CO:SOLAR-B
|
$229.40 Million |
|
Squirrel Media SA
MC:SQRL
|
$229.27 Million |
|
Chung Hwa Food Industrial Co Ltd
TWO:4205
|
$229.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rane (Madras) Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,559,600,000 to 6,708,900,000, a change of 4,149,300,000 (162.1%).
- Net income of 376,500,000 contributed positively to equity growth.
- Dividend payments of 268,100,000 reduced retained earnings.
- Other comprehensive income decreased equity by 135,100,000.
- Other factors increased equity by 4,176,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs376.50 Million | +5.61% |
| Dividends Paid | Rs268.10 Million | -4.0% |
| Other Comprehensive Income | Rs-135.10 Million | -2.01% |
| Other Changes | Rs4.18 Billion | +62.25% |
| Total Change | Rs- | 162.11% |
Book Value vs Market Value Analysis
This analysis compares Rane (Madras) Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.80x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 20.77x to 1.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | Rs36.96 | Rs767.60 | x |
| 2007-03-31 | Rs44.37 | Rs767.60 | x |
| 2008-03-31 | Rs72.11 | Rs767.60 | x |
| 2009-03-31 | Rs69.94 | Rs767.60 | x |
| 2010-03-31 | Rs81.12 | Rs767.60 | x |
| 2011-03-31 | Rs96.98 | Rs767.60 | x |
| 2012-03-31 | Rs113.20 | Rs767.60 | x |
| 2013-03-31 | Rs127.97 | Rs767.60 | x |
| 2014-03-31 | Rs141.24 | Rs767.60 | x |
| 2015-03-31 | Rs146.26 | Rs767.60 | x |
| 2016-03-31 | Rs151.44 | Rs767.60 | x |
| 2017-03-31 | Rs155.21 | Rs767.60 | x |
| 2018-03-31 | Rs202.95 | Rs767.60 | x |
| 2019-03-31 | Rs196.77 | Rs767.60 | x |
| 2020-03-31 | Rs153.32 | Rs767.60 | x |
| 2021-03-31 | Rs141.79 | Rs767.60 | x |
| 2022-03-31 | Rs149.19 | Rs767.60 | x |
| 2023-03-31 | Rs148.57 | Rs767.60 | x |
| 2024-03-31 | Rs157.37 | Rs767.60 | x |
| 2025-03-31 | Rs426.93 | Rs767.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rane (Madras) Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.61%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.11%
- • Asset Turnover: 1.50x
- • Equity Multiplier: 3.38x
- Recent ROE (5.61%) is below the historical average (9.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 23.00% | 3.14% | 1.90x | 3.86x | Rs48.84 Million |
| 2007 | 30.19% | 4.12% | 1.88x | 3.90x | Rs91.06 Million |
| 2008 | 49.93% | 10.48% | 2.02x | 2.36x | Rs292.68 Million |
| 2009 | 0.51% | 0.10% | 1.86x | 2.67x | Rs-67.47 Million |
| 2010 | 16.75% | 3.29% | 2.09x | 2.44x | Rs55.67 Million |
| 2011 | 24.93% | 4.21% | 2.10x | 2.82x | Rs147.19 Million |
| 2012 | 23.81% | 4.08% | 1.97x | 2.96x | Rs158.94 Million |
| 2013 | 18.01% | 3.66% | 1.77x | 2.78x | Rs104.13 Million |
| 2014 | 11.30% | 2.31% | 1.59x | 3.08x | Rs19.35 Million |
| 2015 | 8.09% | 1.60% | 1.46x | 3.47x | Rs-29.33 Million |
| 2016 | 7.96% | 1.42% | 1.27x | 4.41x | Rs-32.47 Million |
| 2017 | 2.65% | 0.36% | 1.51x | 4.82x | Rs-119.94 Million |
| 2018 | 10.54% | 1.73% | 1.55x | 3.92x | Rs12.46 Million |
| 2019 | 1.05% | 0.16% | 1.65x | 4.07x | Rs-206.00 Million |
| 2020 | -24.76% | -3.59% | 1.37x | 5.01x | Rs-639.07 Million |
| 2021 | -33.61% | -4.86% | 1.22x | 5.67x | Rs-793.29 Million |
| 2022 | 4.67% | 0.61% | 1.42x | 5.39x | Rs-121.54 Million |
| 2023 | 12.42% | 1.28% | 1.75x | 5.58x | Rs58.55 Million |
| 2024 | 1.18% | 0.09% | 2.53x | 5.35x | Rs-225.76 Million |
| 2025 | 5.61% | 1.11% | 1.50x | 3.38x | Rs-294.39 Million |
Industry Comparison
This section compares Rane (Madras) Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $20,558,196,000
- Average return on equity (ROE) among peers: 17.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rane (Madras) Limited (RML) | Rs6.80 Billion | 23.00% | 2.55x | $229.42 Million |
| Asahi India Glass Limited (ASAHIINDIA) | $12.88 Billion | 11.93% | 2.00x | $2.31 Billion |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $10.43 Billion | 23.74% | 0.84x | $937.98 Million |
| Balkrishna Industries Limited (BALKRISIND) | $50.08 Billion | 19.16% | 0.36x | $4.52 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $9.82 Billion | 15.53% | 0.56x | $956.83 Million |
| Bharat Gears Limited (BHARATGEAR) | $393.44 Million | 22.33% | 3.35x | $17.81 Million |
| Bosch Limited (BOSCHLTD) | $47.28 Billion | 23.74% | 0.51x | $11.48 Billion |
| CEAT Limited (CEATLTD) | $5.13 Billion | 28.95% | 2.06x | $1.50 Billion |
| CIE Automotive India Limited (CIEINDIA) | $49.08 Billion | 2.17% | 0.94x | $1.94 Billion |
| Craftsman Automation Limited (CRAFTSMAN) | $17.52 Billion | 17.38% | 1.69x | $1.98 Billion |
| Divgi Torqtransfer Systems Limited (DIVGIITTS) | $2.96 Billion | 12.86% | 0.23x | $238.35 Million |
About Rane (Madras) Limited
Rane (Madras) Limited engages in the manufacture and marketing of auto components for transportation industry in India and internationally. It offers steering and suspension systems, linkage products, steering gears, aluminum high pressure die-casting products, brake components, and engine components. The company markets and sells its products to the manufacturers of passenger cars, utility vehic… Read more