Rane Engine Valve
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Rane Engine Valve share price

Rane Engine Valve Ltd.

NSE: RANEENGINE BSE: 532988 SECTOR: Auto Ancillary  32k   25   1

453.90
+5.80 (1.29%)
BSE: 20 Dec 04:01 PM

Price Summary

Today's High

₹ 463.5

Today's Low

₹ 441.95

52 Week High

₹ 660

52 Week Low

₹ 291.25

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 328.37 Cr.

Enterprise Value

₹ 447.65 Cr.

No. of Shares

0.72 Cr.

P/E

20.07

P/B

2.64

Face Value

₹ 10

Div. Yield

1.1 %

Book Value (TTM)

₹  171.93

CASH

₹ 2.48 Cr.

DEBT

₹ 121.76 Cr.

Promoter Holding

58.32 %

EPS (TTM)

₹  22.61

Sales Growth

13.9%

ROE

10.21 %

ROCE

10.94%

Profit Growth

0 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year13.9%
3 Year23.37%
5 Year6.04%

Profit Growth

1 Year19200%
3 Year57.16%
5 Year23.25%

ROE%

1 Year10.21%
3 Year-0.6%
5 Year-4.23%

ROCE %

1 Year10.94%
3 Year4.2%
5 Year1.32%

Debt/Equity

1.0079

Price to Cash Flow

7.87

Interest Cover Ratio

2.4545

CFO/PAT (5 Yr. Avg.)

0

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 58.32 0.00
Jun 2024 58.32 0.00
Mar 2024 58.32 0.00
Dec 2023 58.32 0.00
Sep 2023 58.32 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 57.1604968731051% for the Past 3 years.
  • The company has shown a good revenue growth of 23.3670569195017% for the Past 3 years.
  • The company has an efficient Cash Conversion Cycle of -3.13849999999999 days.
  • The company has a high promoter holding of 58.32%.

 Limitations

  • Company has a poor ROE of -0.597766666666667% over the past 3 years.
  • Company has a poor ROCE of 4.20406666666667% over the past 3 years

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 142.5 136.42 149.82 137.12 147.37
Total Expenditure 134.5 124.63 133.5 130.34 130.76
Operating Profit 8 11.79 16.32 6.78 16.61
Other Income 1.21 0.49 1.37 3.9 0.23
Interest 2.47 2.47 2.46 2.59 2.82
Depreciation 4.64 4.69 5 4.85 4.85
Exceptional Items -0.09 0 -4.2 0.25 -0.33
Profit Before Tax 2.01 5.12 6.03 3.49 8.84
Tax 0.53 1.62 1.29 1.1 3.11
Profit After Tax 1.48 3.5 4.74 2.39 5.73
Adjusted EPS (Rs) 2.05 4.84 6.56 3.31 7.93

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 354.99 301.85 382.06 497.57 566.75
Total Expenditure 343.9 305.03 367.89 462.97 519.45
Operating Profit 11.09 -3.18 14.17 34.6 47.3
Other Income 3.16 3.09 2.89 2.06 3.59
Interest 11.45 8.84 8.52 10.55 10.78
Depreciation 28.09 23 20 19.28 19.02
Exceptional Items 0 22.23 -3.55 -6.67 -5.41
Profit Before Tax -25.29 -9.7 -15.01 0.16 15.68
Tax -8.95 -3.61 -3.15 0.22 4.22
Net Profit -16.34 -6.09 -11.86 -0.06 11.46
Adjusted EPS (Rs.) -24.32 -9.06 -17.65 -0.09 15.85

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 6.72 6.72 6.72 7.06 7.23
Total Reserves 104.28 98.44 90.44 97.8 113.58
Borrowings 33.73 51.64 30.9 44.3 42.78
Other N/C liabilities 50.1 48.95 46.74 46.03 26.87
Current liabilities 143.59 128.94 166.19 186.63 180.11
Total Liabilities 338.42 334.69 340.99 381.82 370.57
Assets
Net Block 108.91 92.35 81.78 85.69 87.23
Capital WIP 1.5 1.7 4.75 5.01 10.92
Intangible WIP 0 0 0 0 0
Investments 0.94 0.94 2.15 2.15 2.87
Loans & Advances 74.04 74.8 76.34 73.57 56.56
Other N/C Assets 0.03 0 0.31 0 0
Current Assets 153 164.9 175.66 215.4 212.99
Total Assets 338.42 334.69 340.99 381.82 370.57
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations -25.29 -9.7 -15.01 0.16 15.68
Adjustment 35.71 4.86 25.58 29.4 28.97
Changes in Assets & Liabilities 17.59 26.38 -28.4 -9.92 -2.7
Tax Paid -0.02 -0.11 0.53 0.97 -0.24
Operating Cash Flow 27.99 21.43 -17.3 20.61 41.71
Investing Cash Flow -6.84 16.57 -13.52 -19.3 -25.31
Financing Cash Flow -22.76 -14.91 8.06 5.74 -21.91
Net Cash Flow -1.61 23.09 -22.76 7.05 -5.51

Corporate Actions

Investors Details

PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
promoters 58.32 58.32 58.32 58.32 58.32
malavika lakshman (includ... - - 0.02 0.02 0.02
rane holdings limited 58.29 58.29 58.29 58.29 58.29
malavika lakshman & haris... 0.02 0.02 - - -
PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
investors 41.68 41.68 41.68 41.68 41.68
enam securities pvt ltd 6.62 6.62 6.62 6.62 6.62
gagandeep credit capital ... 1.13 1.13 1.13 1.13 1.13
hiten anantrai sheth 1.88 1.88 1.88 1.88 1.88
investor education and pr... 1.16 1.16 1.16 1.16 1.16

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Rane Engine Valve - Quaterly Results 23 Oct, 2:11 PM Rane Engine Valve - Quaterly Results 23 Oct, 2:11 PM Rane Engine Valve - Quaterly Results 23 Oct, 2:11 PM Rane Engine Valve informs about NCLT convened meeting 17 Oct, 5:05 PM Rane Engine Valve informs about newspaper advertisements 17 Oct, 2:28 PM Rane Engine Valve informs about press release 24 Jul, 4:30 PM Rane Engine Valve informs about outcome of board meeting 23 Jul, 12:20 PM Rane Engine Valve informs about outcome of board meeting 23 Jul, 12:17 PM Rane Engine Valve - Quaterly Results 23 Jul, 11:41 AM Rane Engine Valve - Quaterly Results 23 Jul, 11:41 AM Rane Engine Valve - Quaterly Results 23 Jul, 11:41 AM Rane Engine Valve board approves dividend 7 May, 3:00 PM Rane Engine Valve informs about outcome of board meeting 7 May, 2:58 PM Rane Engine Valve - Quaterly Results 7 May, 12:03 PM Rane Engine Valve - Quaterly Results 7 May, 12:03 PM Rane Engine Valve - Quaterly Results 7 May, 12:03 PM Rane Engine Valve informs about newspaper publication 1 Feb, 4:55 PM Rane Engine Valve - Quaterly Results 31 Jan, 11:37 AM Rane Engine Valve - Quaterly Results 31 Jan, 11:37 AM Rane Engine Valve - Quaterly Results 31 Jan, 11:37 AM Rane Engine Valve informs about earnings presentation 10 Nov, 11:00 AM Rane Engine Valve - Quaterly Results 31 Oct, 1:05 PM Rane Engine Valve - Quaterly Results 31 Oct, 1:05 PM Rane Engine Valve - Quaterly Results 31 Oct, 1:05 PM Rane Engine Valve informs about issuance of duplicate share certificate 6 Sep, 10:40 AM Rane Engine Valve - Quaterly Results 25 Jul, 12:26 PM Rane Engine Valve - Quaterly Results 25 Jul, 12:26 PM Rane Engine Valve - Quaterly Results 25 Jul, 12:26 PM Rane Engine Valve informs about press release 5 May, 1:46 PM Rane Engine Valve - Quaterly Results 4 May, 12:51 PM Rane Engine Valve - Quaterly Results 4 May, 12:51 PM Rane Engine Valve - Quaterly Results 4 May, 12:51 PM Rane Engine Valve informs about outcome of board meeting 7 Feb, 4:44 PM Rane Engine Valve - Quaterly Results 7 Feb, 12:08 PM Rane Engine Valve - Quaterly Results 7 Feb, 12:08 PM Rane Engine Valve - Quaterly Results 7 Feb, 12:08 PM Rane Engine Valve informs about change in KMP 1 Dec, 11:05 AM Rane Engine Valve - Quaterly Results 18 Oct, 12:55 PM Rane Engine Valve - Quaterly Results 18 Oct, 12:55 PM Rane Engine Valve - Quaterly Results 18 Oct, 12:55 PM Rane Engine Valve informs about appointment of independent director 12 Sep, 5:04 PM Rane Engine Valve’s net loss narrows to Rs 3 crore in Q1 20 Jul, 2:51 PM Rane Engine Valve informs about outcome of board meeting 20 Jul, 12:28 PM Rane Engine Valve - Quaterly Results 20 Jul, 11:33 AM Rane Engine Valve - Quaterly Results 20 Jul, 11:33 AM Rane Engine Valve - Quaterly Results 20 Jul, 11:33 AM Rane Engine Valve addressing operational performance in short term to return to profitability 17 May, 6:15 PM Rane Engine Valve - Quaterly Results 16 May, 12:57 PM Rane Engine Valve - Quaterly Results 16 May, 12:57 PM Rane Engine Valve - Quaterly Results 16 May, 12:57 PM

Rane Engine Valve Stock Price Analysis and Quick Research Report. Is Rane Engine Valve an attractive stock to invest in?

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The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Rane Engine Valve is performing and if it is the right time to buy the stock of Rane Engine Valve with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Rane Engine Valve has reported decent sales growth of 13.9036 % and in the latest quarter sales was Rs 147.37 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 6.3356 times for Rane Engine Valve . It is managing its inventory poorly .
     
  • Rane Engine Valve reported Profit growth of 0 % over the year, where the latest year profit is Rs 11.46 Cr compared to the previous year of Rs -0.06 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of Rane Engine Valve in the latest quarter is Rs 16.61 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Rane Engine Valve has a average ROE of 10.213 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Rane Engine Valve has a low Debt to Equity ratio of 1.0079.
     
  • Rane Engine Valve pays a dividend of 5 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 1.1016 %.
     
  • The share of promoter in Rane Engine Valve is high at 58.32 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Rane Engine Valve is 19.8549571062174 compared to the 5 year average PE of 3.86042 .
     
  • Share Price: - The current share price of Rane Engine Valve is Rs 449. One can use valuation calculators of ticker to know if Rane Engine Valve share price is undervalued or overvalued.
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Brief about Rane Engine Valve
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