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Basic Materials

IRANI PAPEL E EMBALAGEM S.A.

RANI3 — IRANI PAPEL E EMBALAGEM S.A.

CNPJ 92.791.243/0001-03 · listed classes: RANI3, RANI4 · CVM code 2429

Fabricação de papel para embalagens e embalagens de papelão ondulado.As filed by the company in its registration form (FCA), reference 2026-01-01 · CVM sector: Embalagens

Novo Mercadolisting segment
1941founded
Porto Alegre · RSheadquarters
Privadocontrol
Itau Corretora da Valores S.A.share registrar
Pricewaterhousecoopers Auditores Independentes Ltda.auditor
irani.com.brinvestor site
R$ 4.4 mavg. daily traded value (63 sessions)

Verdict

Net margin 14.4%; ROIC 14.4%; debt 1.6x EBITDA; P/E 8.9 against 12.0 for the sector; 2025 data, with a relevant recent restatement.

Confidence flag: Incomplete or flagged snapshot

Data for fiscal year 2025, received by the CVM on 2026-02-23; 5 of the 5 core figures published; last restatement recorded in 2024.

Does the company make money?

Is it sound or indebted?

Is the share expensive or cheap relative to the sector and its own history?

Descriptive: number, numeric band and comparison with the sector, the company's own history and the whole universe. Not investment advice. JSON · how the verdict works

Follow RANI3: get an e-mail when profit turns into loss, debt or margin change band, or the statements are restated. That is all, and you can cancel in one click. See every event already recorded for RANI3.

Quote

R$ 7.80close of 2026-09-25 · B3 (COTAHIST), updated nightly — the price the API, the MCP and the dump serve

1m +1.3% · 12m -5.1% · YTD -10.1% · 52-week R$ 7.56–9.92

15-minute delayed quote, shown by TradingView — display only: it never enters our API, MCP or dump
Close, weekly, 5 years · return +23.4% (+4.3% a year) · not split-adjustedR$ 7.80 2026-09-25
high 2023-09-29: R$ 12.67low 2022-03-04: R$ 5.902026-09-25: R$ 7.80
2021low R$ 5.90 · high R$ 12.672026

Return by window

1 month3 months1 year2 years5 years10 years
Price+1.3%+0.4%-5.1%+6.1%+19.3%+175.6%
With dividends reinvested+1.3%+0.8%-0.4%+22.7%+77.8%+340.2%
Real, net of inflation (IPCA to 08/2026)+1.4%+1.0%-4.1%+12.4%+38.1%+173.3%
R$ 1,000 would be worthR$ 1,013R$ 1,008R$ 996R$ 1,227R$ 1,778R$ 4,402

Closing prices from the base up to 2026-09-25. The starting price is adjusted by the corporate actions checked against the price (the small mark says how many); a jump they do not explain leaves the window blank. Reinvestment buys more shares at the close of the ex-date, with no tax or cost; only the main ticker class. The real line divides the reinvested return by the IPCA accumulated in the window (Banco Central series 433, monthly, edge months pro rata by days); the latest month is only published around the 10th of the following month.

Corporate actions

last day with rightseventmultipliercheck
2020-03-06reverse split inferred0.00× sharesnot checked
2012-04-19stock split inferred20.00× sharesnot checked
2012-04-19stock split inferred20.00× sharesnot checked
2005-05-27reverse split inferred0.05× sharesnot checked
2005-05-27reverse split inferred0.05× sharesnot checked
1989-11-01bonus issue inferred11.00× sharesnot checked
1989-11-01bonus issue inferred11.00× sharesnot checked

Why the price chart jumps: prices are not split-adjusted. Inferred means detected from the share count and the price, not announced in the exchange file.

Valuation

Today

R$ 1.8 bnmarket value
close of 2026-09-25 × sharesprice × shares outstanding
R$ 2.9 bnenterprise value
+ net debt 2025market value + net debt
R$ 1.05EPS 2025
profit per sharenet income for the year ÷ shares
R$ 6.32BVPS 2025
book value per shareshareholders' equity ÷ shares
13.9P/E 12m
to 2T26today's market value ÷ net income of the last 12 months (built by identity from the quarterly filings)
1.25P/B 2T26
latest quarterly balancetoday's market value ÷ equity to controlling shareholders at quarter end
9.1%ROE 12m
to 2T26net income of the last 12 months ÷ average equity over the same 12 months
7.7%net margin 12m
to 2T26net income ÷ net revenue, both over the last 12 months
3.6P/FCO 2025
FCO R$ 504 mmarket value ÷ operating cash flow
5.5P/FCF 2025
FCF R$ 325 mmarket value ÷ (operating cash flow + capex)
229.9 mshares outstanding !latest public count, treasury excluded

Snapshot: today's close over the latest public share count. Cards marked 12m use the last four quarterly filings; the others use the 2025 annual filing. The multiples below are point-in-time: priced on the day the filing became public. share count caveat

At the filing date (point-in-time)

8.9P/E 2025
price of 2026-02-23 · sector 12.0 · 10 cos. · 5th of 11price ÷ earnings per share for the year
1.5P/B 2025
price of 2026-02-23 · sector 1.2 · 9 cos. · 9th of 10price ÷ book value per share
5.0EV/EBITDA 2025
price of 2026-02-23 · sector 6.1 · 9 cos. · 3th of 10enterprise value on the filing date ÷ EBITDA for the year (other sites use trailing 12 months and today's price)
15.0%FCF yield 2025
price of 2026-02-23 · sector 7.9% · 9 cos. · 4th of 10(operating cash flow + capex) ÷ market value
17.2%ROE 2025
sector 4.3% · 24 cos. · 8th of 25net income to controlling ÷ average equity
14.4%ROIC 2025
sector 7.7% · 15 cos. · 6th of 16EBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included — /metodologia/roic
P/E, P/B and EV/EBITDA use the price of 2026-02-23 (R$ 9.38), the first one after the 2025 filing became public on 2026-02-23 — point-in-time, not the 31 December price. 1 caveat

By theme, fiscal year 2025

Valuation

P/Receita todaymarket value ÷ net revenue for the year1.06×
EV/Receita todayenterprise value ÷ net revenue1.70×
P/EBITDA todaymarket value ÷ EBITDA2.75×
P/EBIT todaymarket value ÷ EBIT4.00×
EV/EBIT todayenterprise value ÷ EBIT6.39×
Earning yield todaynet income ÷ market value (the inverse of P/E)13.5%

Debt and liquidity

Dívida líquida/PLnet debt ÷ shareholders' equity0.74×
Dívida bruta/PLshort- and long-term borrowings ÷ equity1.32×
Dívida líquida/EBITDAnet debt ÷ EBITDA for the year1.64×
PL/Ativosequity ÷ total assets0.37×
Passivos/Ativos(total assets − equity) ÷ total assets0.63×
Liquidez correntecurrent assets ÷ current liabilities2.77×

Efficiency

Margem brutagross profit ÷ net revenue41.5%
Margem EBITDAEBITDA ÷ net revenue38.7%
Margem EBITEBIT ÷ net revenue26.6%
Margem líquidanet income ÷ net revenue14.4%

Profitability

ROEnet income to controlling ÷ average equity17.2%
ROICEBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included14.4%
ROAnet income ÷ total assets6.4%
Giro do ativonet revenue ÷ total assets0.43×

Growth

Receita, 1 anorevenue this year ÷ previous year − 18.4%
Receita, CAGR 5 anoscompound annual growth of revenue over 5 years10.4%
Lucro, CAGR 5 anoscompound annual growth of net income over 5 years (positive at both ends only)21.1%
EBITDA, CAGR 5 anoscompound annual growth of EBITDA over 5 years (positive at both ends only)21.9%

Standardized accounts and published indicators of the fiscal year; items marked today divide today's market value or enterprise value by an account of that year.

Indicators, year by year

Four indicators as charts and the full table below. A hollow point carries a caveat; a gap is a year without the figure — we never draw a line across a hole. In the table, the arrow opens the path from the figure down to the line in the regulator's file; a cell with ! carries a caveat; a dashed dash is a suppressed figure — hover to see why. Nothing is hidden.

Fact checklist 6 of 9

Nine objective checks with the threshold written in each line and the figure behind it. Descriptive, not a recommendation; the thresholds are ours and are declared.

ROE17.2% 2025
2010: 7.4% — pl_final_sem_media2011: 2.0%2012: 5.7%2013: 14.3%2014: 11.5%2015: 0.1%2016: -2.6%2017: -27.5%2018: 0.9%2019: -24.7%2020: 16.5%2021: 32.7%2022: 36.3%2023: 31.9%2024: 23.0%2025: 17.2%
20102025
ROIC14.4% 2025
2010: 10.2% — capital_final_sem_media2011: 7.7% — aliq_travada_02012: 8.7%2013: 12.5% — aliq_travada_02014: 9.5% — aliq_travada_02015: 4.5% — aliq_travada_452016: 4.1% — aliq_fallback_342017: 0.3% — aliq_fallback_342018: 6.4% — aliq_travada_452019: 13.1% — aliq_fallback_342020: 13.3%2021: 26.9%2022: 26.3%2023: 20.0%2024: 13.4% — aliq_travada_02025: 14.4%
20102025
Net margin14.4% 2025
2010: 7.8%2011: 1.9%2012: 5.5%2013: 11.2%2014: 7.7%2015: 0.1%2016: -1.4%2017: -12.6%2018: 0.3%2019: -8.9%2020: 9.0%2021: 17.8%2022: 22.4%2023: 24.1%2024: 18.7%2025: 14.4%
20102025
Point-in-time P/E8.9x! 2025
2012: 11.1x — acoes_do_fre_sem_tesouraria;acoes_defasadas2013: 8.0x — acoes_do_fre_sem_tesouraria;acoes_defasadas2014: 10.2x — acoes_do_fre_sem_tesouraria;acoes_defasadas2015: 801.6x — acoes_do_fre_sem_tesouraria;acoes_defasadas;pl_extremo2016: -43.6x — acoes_do_fre_sem_tesouraria;acoes_defasadas;pl_negativo2017: -3.5x — acoes_do_fre_sem_tesouraria;acoes_defasadas;pl_negativo2018: 157.8x — acoes_do_fre_sem_tesouraria;acoes_defasadas2020: 16.3x — acoes_escala_milhares2021: 5.2x — acoes_escala_milhares2022: 5.2x — acoes_escala_milhares2023: 5.8x — acoes_escala_milhares2024: 5.5x — acoes_escala_milhares2025: 8.9x — acoes_escala_milhares
20102025

Full table

indicator2010201120122013201420152016201720182019202020212022202320242025sector
ROE ⟶7.4%!2.0%5.7%14.3%11.5%0.1%-2.6%-27.5%0.9%-24.7%16.5%32.7%36.3%31.9%23.0%17.2%4.3%
ROIC ⟶10.2%!7.7%!8.7%12.5%!9.5%!4.5%!4.1%!0.3%!6.4%!13.1%!13.3%26.9%26.3%20.0%13.4%!14.4%7.7%
ROA ⟶3.0%!0.8%2.2%4.7%3.4%0.0%-0.6%-6.8%0.2%-5.1%5.5%13.7%12.9%11.0%8.6%6.4%2.6%
Gross margin ⟶39.2%29.6%34.7%30.8%30.2%29.2%27.1%26.3%28.2%29.9%31.6%39.4%47.9%43.1%38.4%41.5%21.3%
EBIT margin ⟶18.9%12.1%15.6%18.0%13.5%12.3%9.3%0.7%12.6%22.8%16.1%27.1%34.4%34.6%19.5%26.6%6.4%
Net margin ⟶7.8%1.9%5.5%11.2%7.7%0.1%-1.4%-12.6%0.3%-8.9%9.0%17.8%22.4%24.1%18.7%14.4%3.6%
Revenue growth (1y) ⟶—8.8%2.5%25.0%22.2%2.7%2.4%10.6%8.6%12.5%14.6%56.0%5.0%-5.5%2.1%8.4%4.2%
Revenue growth (5y CAGR) ⟶—————11.4%10.5%12.2%9.1%4.0%6.3%15.6%14.4%14.8%12.6%10.4%9.8%
Net debt/EBITDA ⟶2.11x2.54x2.29x3.01x3.54x4.49x3.66x6.78x3.71x2.23x1.00x0.73x1.09x1.54x2.11x1.64x1.05x
Current ratio ⟶0.90x1.08x1.14x0.97x1.20x0.99x1.00x1.14x0.86x1.17x2.78x2.78x2.61x3.75x2.49x2.77x2.01x

In reais, year by year

The three statements behind the ratios — income statement, balance sheet and cash flow — in the standardized lines, consolidated as filed (or parent-only when that is what the company files). EBITDA and net debt follow the published methodology; gross debt, cash and investments and free cash flow are sums the line names spell out.

line20102011201220132014201520162017201820192020202120222023202420252T26TTM
Income statement
Net revenue (R$ bn)0.40.50.50.60.70.80.80.90.90.91.01.61.71.61.61.70.41.7
Cost of goods and services (R$ bn)-0.3-0.3-0.3-0.4-0.5-0.5-0.6-0.6-0.7-0.6-0.7-1.0-0.9-0.9-1.0-1.0-0.3-1.1
Gross profit (R$ m)173142168186223222211226263268325632808687625700161598
EBITDA (R$ m)135114135165172173197101187327243528683664513653——
Depreciation and amortization (R$ m)51566056728012596691227792103113195205——
EBIT (operating result) (R$ m)8458751091009472611820516643658055131844890325
Pre-tax profit (R$ m)4262556281-35-10116-3011039051850620831745181
Income taxes (R$ m)-44-31128-024-8-1356-17-105-140-12297-63-14-50
Net income (R$ m)3492667570-11-1083-809328537838330524231129
Net income (controlling) (R$ m)3492667570-11-1083-809328537838330524231129
Balance sheet
Total assets (R$ bn)1.11.21.21.61.71.71.71.51.51.61.82.43.53.53.63.93.93.9
Current assets (R$ bn)0.20.20.20.30.40.40.40.30.40.50.81.01.51.11.21.41.31.3
Current liabilities (R$ m)210214220357330380445302452431277345577303493504643643
Gross debt (short + long term) (R$ bn)0.30.40.40.60.80.90.90.80.80.80.60.91.81.61.71.91.91.9
Cash and investments (R$ bn)0.00.10.10.10.20.10.20.10.10.10.30.51.00.60.60.80.80.8
Net debt (R$ bn)0.30.30.30.50.60.80.70.70.70.70.20.40.71.01.11.1——
Shareholders' equity (R$ bn)0.50.50.50.50.50.40.40.30.30.30.81.01.11.31.41.51.41.4
Cash flow
Operating cash flow (R$ m)3675755245904078132108196384376270396504——
Capital expenditures (R$ m)-21-31-42-55-65-44-43-36-83-66-56-375-528-351-202-180——
Free cash flow (FCO + capex) (R$ m)154333-3-2046-24250421409-152-81193325——

The two right-hand columns come from the quarterly filing (ITR): the latest quarter alone and the last 12 months (TTM) built by the same identity as the TTM P/E. EBITDA and net debt have no quarterly series here.

The current year, quarter by quarter

As the company filed it in its interim report. The fourth quarter does not exist on its own in that filing — the closed year comes in the annual one, and we do not derive a Q4, so that a figure we computed never sits beside the figures the company reported. Filed on is the date the report became public, and the price is taken from it.

quarterrevenue (R$ m)profit (R$ m)net marginP/E TTMP/Bfiled on
2024T1!383.640.610.6%6.31.642024-04-30
2024T2!393.540.110.2%5.91.612024-07-31
2024T3!426.437.68.8%5.71.432024-10-31
2025T1!423.158.713.9%5.81.322025-04-30
2025T2!413.8104.225.2%4.01.212025-07-31
2025T3!433.541.19.5%4.81.432025-10-31
2026T1!409.819.44.7%8.91.222026-04-30
2026T2!431.930.97.2%14.41.302026-07-31

Full series, every quarter: GET /empresas/RANI3/trimestres

Dividends

No ex-date or payment scheduled in the base (exchange announcements through 2026-09-21 · filings to the regulator through 2026-09-18).

The latest dividend by RANI3 was a dividend of R$ 0.0344 per share (record date 2026-08-07, payment 2026-08-20). In the last 12 months: 5 payments adding up to R$ 0.4023 per share. Average yield of the last 5 full years: 7.4%.

typerecord dateex-datepaymentper share
dividend2012-07-232012-07-24—R$ 0.0902
dividend2012-04-192012-04-20—R$ 0.6774

Ex-date is the first trading session after the record date, from our own price history. Payment date comes from the exchange file; CVM marks a date taken from the filing to the regulator. Only the main ticker class.

Record dates in the last 5 years, by month: JanFebMar5Apr5May5JunJulAug5SepOctNov5Dec

Per year

yearper sharepaymentsyield
2026R$ 0.357544.6%
2025R$ 0.733658.5%
2024R$ 0.526757.7%
2023R$ 0.853357.8%
2022R$ 0.639357.9%
2021R$ 0.354055.1%
2020R$ 0.068941.3%
2019R$ 0.022810.6%
2017R$ 0.024711.2%
2015R$ 0.107233.6%

Yield per year = the year's dividends over the close of its last session; the current year is partial.

Shareholders and free float

43.78%free float
100,908,450 sharesshares outstanding held by the market, as filed in the FRE
88,429shareholders
88,007 individuals · 420 companies · 2 institutionalcount at the last shareholders meeting, from the FRE
IRANI PARTICIPAÇÕES S.A +2controlling shareholder
as declared in the FREshareholders the company marks as controlling
100% ONtag along (minimum)
Novo Mercadominimum guaranteed by the listing segment or by law; the bylaws may grant more
shareholdertype% ON% PN% total
IRANI PARTICIPAÇÕES S.A ctrlPJ48.86%0.00%48.86%
Habitasul Desenvolvimentos Imobiliários S.A. ctrlPJ5.84%0.00%5.84%
Companhia Habitasul de Participações ctrlPJ0.77%0.00%0.77%
Companhia Comercial de ImóveisPJ0.36%0.00%0.36%
Others (market)———44.17%
Treasury shares———0.00%

Direct holdings from the reference form (FRE) filed on 2026-06-26, version 2. The chain of control (who owns the holding) is not reproduced here. Names of individuals appear as in the public filing.

Filings and notices

filedcategorysubjectdocument
2026-09-17Plano de Remuneração Baseado em Ações (exceto Plano de Opções)—open
2026-09-17Reunião da Administração · Conselho de AdministraçãoAprovação, ad referendum da Assembleia Geral de 2027do Programa de Incentivo de Longo Prazo da Companhia - ILP, ciclo 2026-2030, aplicável aos Diretores Estatutários ("Programa")||open
2026-09-17Reunião da Administração · Conselho de AdministraçãoAtualização do Programa de Recompra de Ações de Emissão da Companhia de 2025||Autorização para a Diretoria da Companhia praticar todos e quaisquer atos necessários e relacionados àopen
2026-09-17Fato RelevanteAprovou o Programa de Incentivo de Longo Prazo da Companhia - ILP, relativo ao ciclo 2026-2030 ("ILP"), ad referendum da Assembleia Geral que apreciar as contas do exercício socialopen
2026-09-16Reunião da Administração · Conselho FiscalAnalisar o valor dos ativos e sua recuperabilidade (teste de impairment)||Conhecer as atas de reuniões||Discutir com a área contábil a divulgação de riscos não contabilizados||Examopen
2026-09-04Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Individual - Cia, Controladas e Coligadas—open
2026-09-04Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-08-25Reunião da Administração · Conselho FiscalAnalisar o valor dos ativos e sua recuperabilidade (teste de impairment)||Conhecer as atas de reuniões||Discutir com a área contábil a divulgação de riscos não contabilizados||Examopen
2026-08-21Reunião da Administração · Conselho de AdministraçãoDeliberar sobre a destinação de participação aos Administradores, com base nas Demonstrações Financeiras de 30 de junho de 2026open
2026-08-21Reunião da Administração · Conselho de AdministraçãoDistribuição de Dividendos/Juros sobre Capital Próprioopen

The last filings this company sent to the CVM outside its financial statements, newest first, from the regulator's own IPE index. The subject line is the company's own free text. We do not summarise or classify these documents — read the original.

Piotroski F-Score 6/9 (2025) — what each criterion means.

Restated filings for this company

The regulator overwrites the old version; we keep both. Figures in R$ millions: first filing on the left, restatement on the right.

fiscal yearaccountfirst filingrestated
2018DRE 3.02-669.7-532.5
2018DRE 3.01932.8799.2
2024DRE 3.02-1,002.0-929.4
2024DRE 3.011,627.51,555.3
2018DRE 3.093.027.2
2018DRE 3.0715.638.0
2021DFC_MI 6.01383.7367.3
2018DRE 3.05117.8130.4

Every restatement of this company, year by year

This company appears in

Compare

Side by side, with each figure's caveat and how often each company restated its filings.

RANI3 × VALE3 · RANI3 × SUZB3 · RANI3 × CSNA3 · RANI3 × GGBR4 · RANI3 × BRKM5 · RANI3 × CMIN3

compare with the sector: VALE3 × SUZB3 × GGBR4

Other companies in Basic Materials

31 more with a page, same CVM sector — a classification of the regulator's, not ours.

Take this into your code

Everything on this page is also JSON: GET /empresas/RANI3/indicadores. WEGE3 is open for testing without a key; for the rest, create a free key (200 calls/day, no card).

Price coverage: 3,149 sessions, 2010-01-06 → 2026-09-25 · methodology · how we verify

Sources: CVM (open data, ODbL) and B3 (COTAHIST). Not affiliated with B3 or the CVM. Not investment advice.

Numbers on this page are live. Data version 2026-09-27-reapresentacao-agreg · page generated 2026-09-27 09:29 UTC. If this does not match /saude, you are reading a cached copy.