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Rane (Madras) to buy Hindustan Composites friction business for ₹370 crore; AGM set for Aug. 5, 2026

AI Market Summary
Rane (Madras) reported a sharp FY25-26 profitability turnaround (standalone PAT up 125% YoY) and announced a ₹370 crore cash-free, debt-free acquisition of Hindustan Composites' friction business, expected to close by end-Q2 2026. Improved leverage and coverage ratios plus a higher dividend signal stronger balance-sheet momentum, but the development is company-specific with limited broader cross-asset implications.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+0.27%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Rane (Madras) Limited said it will acquire Hindustan Composites’ friction business for ₹370 crore. The unit reported FY26 revenue of ₹315.04 crore and PBT of ₹40.29 crore, and accounted for 84% of the seller’s total turnover. The deal is expected to close by the end of the second quarter and is structured on a cash-free and debt-free basis. Separately, the company reported FY 2025-26 standalone PAT of ₹111.44 crores, up 125% year-on-year, with EPS of ₹40.32 and a proposed 160% dividend.
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