RANE HOLDINGS LIMITED (RANEHOLDIN): Financials & Fundamentals History

Share price

Closing priceAdjusted for splits and bonus issues.

3M1Y3YAll

₹1,523.1 latest close · −10.3% over the last 90 sessions

₹1,523.1 month-end · +10.7% over 12 months

₹1,523.1 month-end · +20.7% over 3 years

₹1,523.1 month-end · +54.0% since Jan '19

52-week range ₹956.00 to ₹1846.10 · 1-year volatility 40.5%

How rough has the ride been?

Maximum drawdown-79.6%recovered 2024-05

1-year volatility40.5%annualised

Beta vs sector index0.833-year daily, correlation 0.41

Volume spikes3last 90 sessions, 5x the 50-day median

Drawdown from peak

Largest drawdowns

-79.6% (2019-04 peak to 2020-03 low, recovered 2024-05)

-59.4% (2024-09 peak to 2026-03 low, not yet recovered)

-28.7% (2019-01 peak to 2019-02 low, recovered 2019-04)

Most recent volume spikes

2026-09-04: 8.6x the 50-day median, price +1.0% that day

2026-08-13: 7.4x the 50-day median, price -1.3% that day

2026-08-03: 6.3x the 50-day median, price +7.1% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Is it expensive against its own past and its peers?

25.8xP/E todayWithin its usual range

Against its own history66th percentile

CheapestMedian 21.8xDearest

Usual range 8.0x to 50.0x since 2019-01.

Against Producer Manufacturing25.8x vs 29.6x

This company

25.8x

Sector median

29.6x

13% below the Producer Manufacturing median.

P/EP/BP/S

P/E (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

The chart loads when you open this tab.

P/B (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

The chart loads when you open this tab.

P/S (this company)10th to 90th percentile of its own historyIts medianProducer Manufacturing median

How to read this

Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).

Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.

All terms explained in the glossary →

How Producer Manufacturing is valued

Where does it rank among Producer Manufacturing peers?

Each cell is the company's percentile rank among its Producer Manufacturing peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

ROCE28th▲ 3 pts vs a year ago
Op. margin23rd▼ 4 pts vs a year ago
Revenue growth73rd▼ 16 pts vs a year ago
EPS growth9th▼ 84 pts vs a year ago
Debt/equity ↓13thflat vs a year ago
Cash cycle ↓77thflat vs a year ago
P/E ↓59th▼ 38 pts vs a year ago
12M momentum65th▲ 25 pts vs a year ago

Rank history

ROCE

Op. margin

Revenue growth

EPS growth

Debt/equity ↓

Cash cycle ↓

P/E ↓

12M momentum

Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26

Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Producer Manufacturing sector page Watch it move against Producer Manufacturing in the Observatory

What is the price implying?

~16%annual earnings growth implied by the priceAbove delivered growth

At normalised P/E (five-year average earnings) of 26.0x, a holder earning 12%/yr needs earnings to grow about 15.9%/yr for 10 years, then trade at 15x.

Delivered1.8%/yrEPS, last 10 fiscal years · 3-yr avg to 3-yr avg

Gap+14.1 ptsimplied minus delivered

Rank243rdmost demanding of 856

Over time

Implied growth by month (solid) and delivered growth (dashed).

Change the assumptions

Exit P/E / return	11%	12%	13%
12x	17.2%	18.2%	19.3%
15x	14.9%	15.9%	17.0%
20x	12.0%	13.0%	14.0%

Drag a slider to test other assumptions

Required return 12.0% Years 10 Exit P/E 15x Implied: 15.9%/yr

Looking back

Jan 2020Price implied 6%/yr; EPS has since grown 2%/yr (7.0 yrs)

Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.

What prices imply across Producer Manufacturing The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov: ₹1523.10
P/E: 25.7x
ROCE: 10.0%
Market Cap: ₹2174 cr
Revenue (TTM): ₹6130 cr
P/S: 0.4x
P/B: 1.9x
ROE: 7.3%
Operating Margin: 7.0%
Debt / Equity: 0.9x
Promoter Holding: 46.6%
12M Momentum: 10.7%

52-week range

₹956.00₹1846.10

64% of the way from its 52-week low to its high

Price risk

1Y volatility

40.5%

Beta vs sector

1-year daily

0.72

Balance sheet & cash

Interest cover

operating profit ÷ interest

3.4x

Cash from profit, 3Y

operating cash flow ÷ net profit

2.02x

Share count, 1Y

unchanged

Are profits backed by cash?

6 of 7checks within range1 beyond a threshold

Other income reliance51%Beyond threshold

Other income as a share of pre-tax profit (trailing twelve months): 51.4%. Bands: below 15%, 15% to 35%, above 35%.

Tax rate29%Within range

Median quarterly effective tax rate over about 2.5 years: 29.0%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.

Cash conversion2.02xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 2.02x (cash from operations ₹1,026 cr, net profit ₹508 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow4 of 5 yrsWithin range

Fiscal years with positive free cash flow in the last 5: 4. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-1 daysWithin range

Debtor days are below the median of the previous three fiscal years by 1 days (66 vs 67). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress15% of fixed assetsWithin range

Capital work-in-progress is 15% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days-2 days / 2 yrsWithin range

Days payable changed by -2 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

Over 3 years, DIIs added 1.4 pts; FIIs added 0.5 pts.
The number of shareholders rose from 14,236 to 15,390 (+8%) between Sep 2023 and Jun 2026.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change

Promoters46.6%46.6%+0.1 pts

FIIs0.4%0.9%+0.5 pts

DIIs2.0%3.4%+1.4 pts

Public and others51.0%49.0%-2.0 pts

Number of shareholders

15,390shareholders+8% since Sep '23

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

+18.1%typical 12-month return vs the marketAbove the base rate

We found 50 past situations where a non-financial company looked like RANE HOLDINGS LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
Over the following 12 months the middle half of them returned −10% to +60% vs the market, against −4% for all non-financial companies in the same months.
The analogs' median sat above that base rate (gap +22.5%, 80% range +11.3% to +40.2%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 5 beyond the range shown, drawn at the edge

Similar setups' median

+18.1%

All companies' median

−4.4%

Beat the market

66% vs 45%

50 past situations · 50 companies · 35 months · 2020–2025

The closest matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
JSL Non-Energy Minerals	Apr 2020	11x	12%	−17%	−31%	+79%
JKTYRE Consumer Durables	Dec 2022	22x	9%	+32%	−11%	+70%
HITECH Non-Energy Minerals	Oct 2024	49x	12%	+74%	−12%	−39%
RPSGVENT Finance	Mar 2021	—	4%	+186%	−11%	+41%
RCF Process Industries	Aug 2020	13x	8%	+16%	−18%	−4%

Show the other 3 matches

Company	When	P/E	ROCE	12M mom.	Drawdown	Next 12 months
SANDHAR Consumer Durables	Oct 2025	22x	12%	+5%	−14%	−8%
TBZ Retail Trade	Oct 2023	20x	9%	+50%	−8%	+61%
NITINSPIN Process Industries	Mar 2021	19x	6%	+188%	−12%	+127%

How reliable is this?

Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: ROCE, 12-month momentum and P/E. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to RANE HOLDINGS LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

Feature	Weight	Non-financial	Financial
P/E	1	yes	yes
P/S	1	yes	—
P/B	1	—	yes
ROCE	1	yes	—
operating margin	1	yes	—
ROE	1	—	yes
debt/equity	0.75	yes	—
interest cover	0.5	yes	—
revenue growth	0.75	yes	yes
12-month momentum	1	yes	yes
drawdown from 12-month high	0.75	yes	yes
size	0.75	yes	yes
volatility	0.5	yes	yes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

TVS SRICHAKRATVSSRICHAK

Consumer Durables

69%similar

promoter holdingvolatility

HI-TECH PIPESHITECH

Non-Energy Minerals

64%similar

ROCEpromoter holding

GOODLUCK INDIAGOODLUCK

Non-Energy Minerals

62%similar

P/Edebt/equity

BALRAMPUR CHINI MILLSBALRAMCHIN

Process Industries

61%similar

operating marginrevenue

S H KELKAR AND COMPANYSHK

Process Industries

61%similar

market capEPS growth

GREENPLY INDUSTRIESGREENPLY

Producer Manufacturing

69%similar

revenue growthvolatility

SALZER ELECTRONICSSALZERELEC

Producer Manufacturing

65%similar

revenue growthdebt/equity

SUPRAJIT ENGINEERINGSUPRAJIT

Producer Manufacturing

57%similar

promoter holdingdebt/equity

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

30 events since Aug '22

2026
SepPriceVolume reached 8.6x its 50-day median on 2026-09-04; price +1.0% that day.
MayValuationP/E crossed above the 90th percentile of its own history to date (58.9x).
MayPriceVolume reached 65.1x its 50-day median on 2026-05-15; price +14.0% that day.
MarPriceFell 59% from the Sep 2024 peak to the Mar 2026 low.
MarPriceVolume reached 17.2x its 50-day median on 2026-03-09; price +1.3% that day.
2025
DecResultsYear-on-year EPS growth turned negative.
DecPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
NovPriceVolume reached 6.5x its 50-day median on 2025-11-14; price -4.6% that day.

Show 22 earlier events

2025
SepPeer rankMoved into the 3rd quartile of Producer Manufacturing on operating margin (from the bottom quartile).
SepPriceVolume reached 16.4x its 50-day median on 2025-09-24; price +5.3% that day.
AprPriceVolume reached 15.3x its 50-day median on 2025-04-16; price +5.4% that day.
MarResultsRevenue (TTM) reached a new high of ₹3,858 cr.
MarPeer rankSlipped to the bottom quartile of Producer Manufacturing on operating margin (from the 3rd quartile).
FebPriceVolume reached 5.3x its 50-day median on 2025-02-07; price +4.1% that day.
2024
DecValuationP/E fell below the 10th percentile of its own history to date (9.4x).
JulPriceVolume reached 68.8x its 50-day median on 2024-07-02; price +12.8% that day.
JunResultsRevenue (TTM) reached a new high of ₹3,529 cr.
JunDebtDebt / equity fell below 1.0x (0.94x).
MayPriceRegained the 2019-04 peak, 50 months after the low.
MayPriceVolume reached 16.0x its 50-day median on 2024-05-03; price +4.1% that day.
FebPriceVolume reached 9.8x its 50-day median on 2024-02-12; price -3.6% that day.
2023
DecPriceVolume reached 17.0x its 50-day median on 2023-12-22; price +8.6% that day.
SepPriceVolume reached 20.7x its 50-day median on 2023-09-07; price +7.5% that day.
JunResultsYear-on-year EPS growth turned positive.
JunPeer rankMoved into the 3rd quartile of Producer Manufacturing on ROCE (from the bottom quartile).
MayPriceVolume reached 41.0x its 50-day median on 2023-05-12; price -7.1% that day.
FebValuationP/E crossed above the 90th percentile of its own history to date (52.1x).
FebPriceVolume reached 11.7x its 50-day median on 2023-02-14; price +0.2% that day.
2022
DecPriceVolume reached 19.1x its 50-day median on 2022-12-28; price +2.8% that day.
AugPriceVolume reached 41.4x its 50-day median on 2022-08-18; price +16.9% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history60 months · 2021-12 to 2026-11

Month	P/E	Revenue (TTM)	ROE	ROCE	Debt / Equity
2026-11	25.7x	₹6130 cr	7.3%	10.0%	0.9x
2026-10	24.3x	₹6130 cr	7.3%	10.0%	0.9x
2026-09	25.9x	₹6130 cr	7.3%	10.0%	0.9x
2026-08	22.9x	₹5884 cr	7.8%	10.0%	0.9x
2026-07	24.9x	₹5884 cr	7.8%	10.0%	0.9x
2026-06	23.7x	₹5884 cr	7.8%	10.0%	0.9x
2026-05	58.9x	₹5649 cr	3.6%	10.0%	1.0x
2026-04	47.3x	₹5649 cr	3.6%	10.0%	1.0x
2026-03	41.7x	₹5649 cr	3.6%	10.0%	1.0x
2026-02	19.3x	₹5355 cr	6.3%	10.0%	1.0x
2026-01	20.8x	₹5355 cr	6.3%	10.0%	1.0x
2025-12	21.8x	₹5355 cr	6.3%	10.0%	1.0x
2025-11	8.1x	₹4872 cr	15.5%	10.0%	1.0x
2025-10	8.9x	₹4872 cr	15.5%	10.0%	1.0x
2025-09	9.3x	₹4872 cr	15.5%	10.0%	1.0x
2025-08	10.3x	₹4362 cr	13.3%	10.0%	1.0x
2025-07	10.4x	₹4362 cr	13.3%	10.0%	1.0x
2025-06	10.9x	₹4362 cr	13.3%	10.0%	1.0x
2025-05	9.4x	₹3858 cr	18.1%	13.0%	0.9x
2025-04	7.9x	₹3858 cr	18.1%	13.0%	0.9x
2025-03	7.9x	₹3858 cr	18.1%	13.0%	0.9x
2025-02	6.4x	₹3454 cr	21.4%	13.0%	0.9x
2025-01	7.7x	₹3454 cr	21.4%	13.0%	0.9x
2024-12	9.4x	₹3454 cr	21.4%	13.0%	0.9x
2024-11	20.3x	₹3466 cr	11.5%	13.0%	0.9x
2024-10	21.0x	₹3466 cr	11.5%	13.0%	0.9x
2024-09	22.7x	₹3466 cr	11.5%	13.0%	0.9x
2024-08	22.4x	₹3529 cr	10.9%	13.0%	0.9x
2024-07	19.1x	₹3529 cr	10.9%	13.0%	0.9x
2024-06	15.0x	₹3529 cr	10.9%	13.0%	0.9x
2024-05	26.8x	₹3511 cr	7.2%	11.0%	1.1x
2024-04	29.6x	₹3511 cr	7.2%	11.0%	1.1x
2024-03	24.1x	₹3511 cr	7.2%	11.0%	1.1x
2024-02	23.6x	₹3511 cr	7.2%	11.0%	1.1x
2024-01	27.5x	₹3511 cr	7.2%	11.0%	1.1x
2023-12	28.7x	₹3511 cr	7.2%	11.0%	1.1x
2023-11	28.9x	₹3511 cr	7.2%	11.0%	1.1x
2023-10	26.8x	₹3511 cr	7.2%	11.0%	1.1x
2023-09	27.1x	₹3511 cr	7.2%	11.0%	1.1x
2023-08	22.4x	₹3511 cr	7.2%	11.0%	1.1x
2023-07	22.3x	₹3511 cr	7.2%	11.0%	1.1x
2023-06	26.0x	₹3511 cr	7.2%	11.0%	1.1x
2023-05	54.2x	₹2695 cr	3.0%	4.0%	1.0x
2023-04	53.5x	₹2695 cr	3.0%	4.0%	1.0x
2023-03	49.9x	₹2695 cr	3.0%	4.0%	1.0x
2023-02	52.1x	₹2695 cr	3.0%	4.0%	1.0x
2023-01	50.0x	₹2695 cr	3.0%	4.0%	1.0x
2022-12	51.9x	₹2695 cr	3.0%	4.0%	1.0x
2022-11	54.7x	₹2695 cr	3.0%	4.0%	1.0x
2022-10	52.8x	₹2695 cr	3.0%	4.0%	1.0x
2022-09	45.6x	₹2695 cr	3.0%	4.0%	1.0x
2022-08	49.3x	₹2695 cr	3.0%	4.0%	1.0x
2022-07	38.8x	₹2695 cr	3.0%	4.0%	1.0x
2022-06	36.1x	₹2695 cr	3.0%	4.0%	1.0x
2022-05	—	₹2038 cr	-5.2%	-1.0%	0.9x
2022-04	—	₹2038 cr	-5.2%	-1.0%	0.9x
2022-03	—	₹2038 cr	-5.2%	-1.0%	0.9x
2022-02	—	₹2038 cr	-5.2%	-1.0%	0.9x
2022-01	—	₹2038 cr	-5.2%	-1.0%	0.9x
2021-12	—	₹2038 cr	-5.2%	-1.0%	0.9x

Older months are in the live observatory.

Methodology and data notes