RANE / guidance tracker

Keep management guidance in view.

Rane · forward-looking guidance across the available source record.

Research layer active

Guidance tracker

What management said would happen.

Double-digit EBITDA margin for RML by FY27

Management targets 11-12% EBITDA margin for Rane Madras by March 2027, driven by cost synergies and operating leverage.

margins

Debt reduction of ₹150-200 crore over 12-18 months

Gross debt at RML expected to reduce by ₹150-200 crore by March 2027, using land sale proceeds and internal accruals.

other

Capex of ~₹200 crore per annum for RML over FY26-28

Rane Madras plans capital expenditure of around ₹200 crore each year for the next three years, primarily growth capex.

capex

RSSL margin improvement from FY28

Rane Steering Systems expected to see margin improvement from FY28 onwards as new higher-margin programs commence.

margins