---
title: "Rane Brake Lining Ltd (Merged) (RBL) — Share Price, Financials & Analysis"
symbol: "RBL"
company: "Rane Brake Lining Ltd (Merged)"
canonical: "https://tapetide.com/stocks/RBL"
isin: "INE244J01017"
nse_symbol: "RBL"
bse_code: "532987"
sector: "Consumer Discretionary"
industry: "Auto Components"
generated_at: "2026-09-13T19:36:26.433Z"
---

# Rane Brake Lining Ltd (Merged) (RBL)

Canonical page: https://tapetide.com/stocks/RBL

## Company

- **NSE Symbol:** RBL
- **BSE Code:** 532987
- **ISIN:** INE244J01017
- **Sector:** Consumer Discretionary
- **Industry:** Auto Components
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2008-06-20
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** ranegroup.com/rbl

## About

Incorporated in 1964, Rane Brakes Ltd manufactures brake linings, disc pads, clutch facings, clutch buttons, brake shoes and railway brake blocks[1]

## Latest Price

- **Price:** ₹745.05
- **Change:** 0 (0%)
- **Open:** ₹748
- **Day High:** ₹762.45
- **Day Low:** ₹735
- **Previous Close:** ₹745.05
- **Volume:** 0
- **As Of:** 2025-04-21T10:23:55+00:00

## Key Insights

### Strengths

- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 57.5%

### Weaknesses

- Company has a low return on equity of 13.4% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 24% | 9% | 2% |
| revenue growth | 10% | 16% | 5% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 154.31 | 139.33 | 141.15 | 153.33 | 164.87 | 152.33 | 158.03 | 164.25 | 186.22 | 159.93 | 173.63 | 185.28 |
| Expenses | 135.05 | 129.4 | 130.95 | 137.27 | 144.82 | 140.73 | 140.45 | 146.17 | 158.1 | 142.43 | 154.44 | 166.72 |
| Operating Profit | 19.26 | 9.93 | 10.2 | 16.06 | 20.05 | 11.6 | 17.58 | 18.08 | 28.12 | 17.5 | 19.19 | 18.56 |
| OPM % | 12.48 | 7.13 | 7.23 | 10.47 | 12.16 | 7.62 | 11.12 | 11.01 | 15.1 | 10.94 | 11.05 | 10.02 |
| Other Income | 1.98 | 2.56 | 3.57 | 1.3 | 0.96 | 0.73 | 0.2 | 0.69 | -0.7 | 0.57 | 1.46 | 0.65 |
| Interest | 0.02 | 0 | 0 | 0.02 | 0.03 | 0 | 0 | 0 | 0.03 | 0 | 0.04 | 0.26 |
| Depreciation | 5.52 | 4.83 | 4.89 | 5.04 | 5.24 | 5.13 | 5.16 | 5.24 | 6.31 | 6.11 | 5.62 | 6.42 |
| Profit before tax | 15.7 | 7.66 | 8.88 | 12.3 | 15.74 | 7.2 | 12.62 | 13.53 | 21.08 | 11.96 | 14.99 | 12.53 |
| Tax % | 16.75 | 24.41 | 27.03 | 25.45 | 23.63 | 28.06 | 24.01 | 25.2 | 26.99 | 26.17 | 26.22 | 24.42 |
| Net Profit | 13.07 | 5.79 | 6.48 | 9.17 | 12.02 | 5.18 | 9.59 | 10.12 | 15.39 | 8.83 | 11.06 | 9.47 |
| EPS in Rs | 16.97 | 7.52 | 8.42 | 11.91 | 15.61 | 6.73 | 12.45 | 13.14 | 19.99 | 11.47 | 14.36 | 12.3 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 427 | 466 | 482 | 514 | 471 | 424 | 506 | 599 | 661 | 705 |
| Expenses | 372 | 393 | 407 | 446 | 410 | 363 | 461 | 542 | 585 | 622 |
| Operating Profit | 54 | 74 | 75 | 68 | 61 | 61 | 44 | 56 | 75 | 83 |
| OPM % | 13 | 16 | 16 | 13 | 13 | 14 | 9 | 9 | 11 | 12 |
| Other Income | 3 | -11 | 3 | 6 | 10 | 11 | 12 | 8 | 1 | 2 |
| Interest | 3 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 19 | 20 | 24 | 24 | 26 | 24 | 21 | 20 | 22 | 24 |
| Profit before tax | 35 | 43 | 55 | 49 | 45 | 47 | 35 | 45 | 54 | 61 |
| Tax % | 27 | 18 | 35 | 26 | 23 | 32 | 22 | 25 | 26 | — |
| Net Profit | 26 | 35 | 36 | 37 | 34 | 32 | 27 | 33 | 40 | 45 |
| EPS in Rs | 32.61 | 44.22 | 45.25 | 46.24 | 43.47 | 40.77 | 35.16 | 43.45 | 52.31 | 58.12 |
| Dividend Payout % | 31 | 34 | 34 | 34 | 39 | 61 | 57 | 58 | 58 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 130 | 159 | 180 | 202 | 221 | 230 | 235 | 253 | 273 | 271 |
| Borrowings | 27 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 |
| Other Liabilities | 91 | 105 | 123 | 146 | 131 | 146 | 156 | 113 | 119 | 125 |
| Total Liabilities | 256 | 278 | 311 | 356 | 359 | 384 | 399 | 374 | 401 | 406 |
| Fixed Assets | 104 | 121 | 114 | 118 | 133 | 118 | 114 | 118 | 127 | 125 |
| CWIP | 2 | 0 | 4 | 2 | 0 | 2 | 3 | 4 | 7 | 9 |
| Investments | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 24 | 6 | 2 |
| Other Assets | 149 | 156 | 193 | 235 | 226 | 264 | 280 | 227 | 261 | 270 |
| Total Assets | 256 | 278 | 311 | 356 | 359 | 384 | 399 | 374 | 401 | 406 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 45 | 52 | 62 | 48 | 44 | 73 | 46 | 11 | 49 | 29 |
| Cash from Investing Activity | -5 | -8 | -34 | -19 | -25 | -35 | -10 | -18 | -48 | -13 |
| Cash from Financing Activity | -43 | -44 | -28 | -21 | -15 | -15 | -24 | -22 | -16 | -20 |
| Net Cash Flow | -2 | 0 | -1 | 8 | 4 | 24 | 12 | -28 | -14 | -3 |
| Free Cash Flow | 40 | 44 | 27 | 28 | 18 | 35 | 34 | -7 | 23 | -3 |
| CFO/OP | 111 | 115 | 97 | 90 | 92 | 136 | 97 | 48 | 111 | 54 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 81 | 85 | 78 | 91 | 100 | 76 | 112 | 99 | 67 | 81 |
| Inventory Days | 49 | 54 | 58 | 56 | 73 | 102 | 118 | 137 | 100 | 94 |
| Days Payable | 91 | 124 | 138 | 142 | 161 | 151 | 205 | 169 | 71 | 64 |
| Cash Conversion Cycle | 39 | 16 | -1 | 6 | 12 | 27 | 24 | 66 | 97 | 112 |
| Working Capital Days | 13 | 27 | 28 | 38 | 43 | 35 | 51 | 67 | 61 | 74 |
| ROCE % | 15 | 23 | 35 | 31 | 25 | 20 | 20 | 15 | 18 | 21 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 66.5% | 66.5% | 66.74% | 66.99% | 68.33% | 70.93% | 70.93% | 70.93% | 70.93% |
| FIIs | 0.02% | 0.07% | 0% | 0% | 0% | 0% | 0% | 0.01% | 0.04% |
| DIIs | 9.82% | 9.77% | 9.79% | 9.68% | 9.71% | 4.75% | 3.56% | 3.56% | 3.31% |
| Public | 23.66% | 23.66% | 23.47% | 23.33% | 21.95% | 24.32% | 25.52% | 25.53% | 25.71% |
| No. of Shareholders | 10246 | 9776 | 12971 | 13263 | 12202 | 17355 | 15496 | 16447 | 17369 |

### Quarterly

| Category | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 70.93% | 70.93% | 70.93% | 70.93% | 70.93% | 70.93% | 70.93% | 70.93% | 70.93% | 70.93% | 70.93% | 70.93% |
| FIIs | 0.01% | 0.13% | 0% | 0% | 0% | 0.08% | 0.34% | 0.01% | 0.09% | 0.13% | 0.06% | 0.04% |
| DIIs | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.56% | 3.58% | 3.56% | 4.07% | 3.35% | 3.3% | 3.31% |
| Public | 25.5% | 25.39% | 25.53% | 25.52% | 25.53% | 25.45% | 25.17% | 25.53% | 24.91% | 25.58% | 25.71% | 25.71% |
| No. of Shareholders | 17143 | 16134 | 15671 | 15496 | 15552 | 15876 | 15535 | 16447 | 16989 | 15839 | 16634 | 17369 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 5 / 6 / 8

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 202.28 | Buy |
| EMA (10) | 202.29 | Buy |
| SMA (20) | 204.44 | Buy |
| EMA (20) | 203.36 | Buy |
| SMA (50) | 204.92 | Sell |
| EMA (50) | 205.04 | Sell |
| SMA (100) | 207.44 | Sell |
| EMA (100) | 213.63 | Sell |
| SMA (200) | 200.58 | Buy |
| EMA (200) | 294.8 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 51.01 | Neutral |
| MACD (12,26,9) | -1.19 | Sell |
| Stochastic (14,3,3) | 48.07 | Neutral |
| ADX (14) | 14.98 | Neutral |
| Williams %R (14) | -28.95 | Neutral |
| ATR (14) | 6.63 | High Volatility |
| ROC (12) | -0.73 | Sell |
| Stoch RSI (14) | 91.83 | Sell |
| UO (7,14,28) | 66.17 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 7 Apr 2025 - The Working Committee of the Board at their meeting held today, have inter alia (i) Noted the receipt of the certified copy of the order … | [Announcement under Regulation 30 (LODR)-Scheme of Arrangement 7 Apr 2025 - The Working Committee of the Board at their meeting held today, have inter alia (i) Noted the receipt of the certified copy of the order …](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a44feba6-cf98-4446-85d6-41d2ffb4365c.pdf) |
| 4 Apr 2025 - Certificate under Regulation 74(5) for Q1 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 4 Apr 2025 - Certificate under Regulation 74(5) for Q1 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/147e8df4-dd2f-47af-b6c8-12a5a0e2a073.pdf) |
| 30 Mar 2025 - Closure of trading window from March 31 to May 29, 2025. | [Closure of Trading Window 30 Mar 2025 - Closure of trading window from March 31 to May 29, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fdeaf471-08b2-410a-9657-72fe3cc25748.pdf) |
| — | [Corporate Action- Fixes Record Date For Merger 7 Apr 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/afdda7a5-9a19-4103-99d8-4a97674e536b.pdf) |
| — | [Corrigendum 7 Apr 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e0f8d982-f32e-4af8-aa10-b01af815c305.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=28ce90c7-2bb8-4b50-988f-6c0157fcdd8e.pdf) |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/28ce90c7-2bb8-4b50-988f-6c0157fcdd8e.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8ad19296-4ef6-4104-9f40-5cd7120872fe.pdf) |
| Nov 2024 | [Concall - Nov 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8ad19296-4ef6-4104-9f40-5cd7120872fe.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=40e20e39-67d6-49ee-a745-49b3ed27883f.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/40e20e39-67d6-49ee-a745-49b3ed27883f.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=95d5a73a-cb7d-4ad1-8759-319f9f600fca.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/95d5a73a-cb7d-4ad1-8759-319f9f600fca.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ae88ad23-8e7b-45af-b270-ee5a826820dc.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ae88ad23-8e7b-45af-b270-ee5a826820dc.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2012 from nse](https://archives.nseindia.com/annual_reports/AR_RBL_2011_2012_25062012125654.zip) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7c36d6e7-97e5-4cb4-b54f-cab0312c5c7c.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5e4e5d1d-e900-411f-ae91-c96c6c0c02a9.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532987/73072532987.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532987/68694532987.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532987/5329870320.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532987/5329870319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532987/5329870318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532987/5329870317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/532987/5329870316.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:36:26.433Z.