Rane Engine Valve Ltd.

NSE: RANEENGINE BSE: 532988 SECTOR: Auto Ancillary  9676   13   0

252.05
-1.90 (-0.75%)
NSE: Today, 12:14 PM

Price Summary

Today's High

₹ 259.8

Today's Low

₹ 251.8

52 Week High

₹ 329.9

52 Week Low

₹ 183.3

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

169.35 Cr.

Enterprise Value

260.06 Cr.

No. of Shares

0.67 Cr.

P/E

0

P/B

1.88

Face Value

₹ 10

Div. Yield

0 %

Book Value (TTM)

₹  134.39

CASH

23.74 Cr.

DEBT

114.45 Cr.

Promoter Holding

55.12 %

EPS (TTM)

₹  -13.66

Sales Growth

-14.97%

ROE

-5.63 %

ROCE

-0.38%

Profit Growth

62.73 %

* 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.
* 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 Year26.57%
3 Year-3.31%
5 Year1.46%

Profit Growth

1 Year-94.75%
3 Year4.04%
5 Year-172.88%

ROE%

1 Year-11.95%
3 Year-10.43%
5 Year-10.55%

ROCE %

1 Year-2.92%
3 Year-2.98%
5 Year-3.59%

Debt/Equity

1.3658

Price to Cash Flow

7.9

Interest Cover Ratio

-0.0972850678733031

CFO/PAT (5 Yr. Avg.)

13.4622030237581

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2022 55.12 0
Mar 2022 54.84 0
Dec 2021 54.84 0
Sep 2021 54.84 0
Jun 2021 54.84 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has an efficient Cash Conversion Cycle of 6.39479447177973 days.
  • The company has a high promoter holding of 54.84%.

 Limitations

  • The company has shown a poor revenue growth of -6.99762963262783% for the Past 3 years.
  • Company has a poor ROE of -10.4311184570174% over the past 3 years.
  • Company has a poor ROCE of -2.97618227205259% over the past 3 years
  • Company has low Interest coverage ratio of -0.0972850678733031.
  • Company has negative cash flow from operations of -17.3.
  • The company has a low EBITDA margin of 3.18656365244249% over the past 5 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
Net Sales 75.43 99.61 98.3 108.72 114.91
Total Expenditure 78.26 96.86 93.85 99.55 112.7
Operating Profit -2.83 2.75 4.45 9.17 2.21
Other Income 0.57 0.77 0.78 0.77 0.1
Interest 1.63 1.97 2.17 2.12 1.94
Depreciation 5.01 5.12 4.96 4.91 4.85
Exceptional Items 0 -0.9 -2.65 0 0
Profit Before Tax -8.9 -4.47 -4.55 2.91 -4.48
Tax -3.11 -1.38 -1.58 2.92 -1.37
Profit After Tax -5.79 -3.09 -2.97 -0.01 -3.11
Adjusted EPS (Rs) -8.62 -4.6 -4.42 -0.01 -4.63

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 375.24 422.63 354.99 301.85 382.06
Total Expenditure 360.9 404.07 343.9 305.03 367.89
Operating Profit 14.34 18.56 11.09 -3.18 14.17
Other Income 1.81 2.23 3.16 3.09 2.89
Interest 8.27 10.75 11.45 8.84 8.52
Depreciation 29.01 30.53 28.09 23 20
Exceptional Items 0 0 0 22.23 -3.55
Profit Before Tax -21.13 -20.49 -25.29 -9.7 -15.01
Tax -4.07 -6.92 -8.95 -3.61 -3.15
Net Profit -17.06 -13.57 -16.34 -6.09 -11.86
Adjusted EPS (Rs.) -25.39 -20.19 -24.32 -9.06 -17.65

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 6.72 6.72 6.72 6.72 6.72
Total Reserves 134.26 120.59 104.28 98.44 90.44
Borrowings 33.25 36.39 33.73 51.64 30.9
Other N/C liabilities 62.87 57.8 50.1 48.95 46.74
Current liabilities 135.09 166.42 143.59 128.94 166.12
Total Liabilities 372.19 387.92 338.42 334.69 340.92
Assets
Net Block 132.25 125.41 108.91 92.35 82.09
Capital WIP 4.15 6.23 1.5 1.7 4.75
Intangible WIP 0 0 0 0 0
Investments 0.04 0.94 0.94 0.94 2.15
Loans & Advances 76 74.1 74.04 74.78 76.34
Other N/C Assets 0.26 0.05 0.03 0.02 0
Current Assets 159.49 181.19 153 164.9 175.59
Total Assets 372.19 387.92 338.42 334.69 340.92
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations -21.13 -20.49 -25.29 -9.7 -15.01
Adjustment 36.68 43 35.71 4.86 25.58
Changes in Assets & Liabilities 0.92 -21.83 17.59 26.38 -28.4
Tax Paid -1.78 1.67 -0.02 -0.11 0.53
Operating Cash Flow 14.69 2.35 27.99 21.43 -17.3
Investing Cash Flow -19.86 -25.48 -6.84 16.57 -13.52
Financing Cash Flow 14.83 14.77 -22.76 -14.91 8.06
Net Cash Flow 9.66 -8.36 -1.61 23.09 -22.76

Corporate Actions

Investors Details

PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Promoters 54.84 54.84 54.84 54.84 55.12
rane holdings limi... 54.82 51.07 51.07 - -
rane holdings ltd - - - 51.07 51.07
malavika lakshman - - - 0.02 0.02
malavika lakshman ... - 0.02 0.02 - -
malavika lakshman ... 0.02 - - - -
PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Investors 45.16 45.16 45.16 45.16 44.88
enam securities pv... 7.13 7.13 7.13 7.13 7.13
gagandeep credit c... 1.22 1.22 1.22 1.22 1.22
hiten anantrai she... 2.02 2.02 2.02 4.04 2.02
trw automotive j v... - 3.75 3.75 3.75 -
ambit capital priv... - - - - 3.75
nemish s shah 1.01 1.01 1.01 2.02 1.01
iepf 0.97 - 0.82 0.83 0.83
investor education... - 0.30 - - -
unclaimed or suspe... - 0.20 - - -

Annual Reports

Ratings & Research Reports

Company Presentations

  • PresentationQ4FY22 7 Jun 2022
  • PresentationQ4FY21 15 Jun 2021
  • PresentationQ1FY22 13 Aug 2021
  • PresentationQ3FY21 10 Feb 2021
  • PresentationQ1FY22 10 Aug 2021

Company News

Rane Engine Valve’s net loss narrows to Rs 3 crore in Q120 Jul 2022, 2:51PM Rane Engine Valve informs about outcome of board meeting 20 Jul 2022, 12:28PM Rane Engine Valve - Quaterly Results20 Jul 2022, 11:33AM Rane Engine Valve - Quaterly Results20 Jul 2022, 11:33AM Rane Engine Valve - Quaterly Results20 Jul 2022, 11:33AM Rane Engine Valve addressing operational performance in short term to return to profitability17 May 2022, 6:15PM Rane Engine Valve - Quaterly Results16 May 2022, 12:57PM Rane Engine Valve - Quaterly Results16 May 2022, 12:57PM Rane Engine Valve - Quaterly Results16 May 2022, 12:57PM Rane Engine Valve informs about disclosure 9 Mar 2022, 3:12PM Rane Engine Valve informs about outcome of board meeting 25 Jan 2022, 4:49PM Rane Engine Valve gets nod to raise Rs 15 crore25 Jan 2022, 2:16PM Rane Engine Valve informs about press release22 Oct 2021, 2:09PM Rane Engine Valve informs about press release22 Oct 2021, 2:01PM Rane Engine Valve informs about un-audited financial results23 Jul 2021, 10:16AM Rane Engine Valve informs about board meeting29 Jun 2021, 4:13PM Rane Engine Valve informs about newspaper publication26 Jun 2021, 12:43PM Rane Engine Valve informs about annual secretarial compliance report21 Jun 2021, 12:28PM Rane Engine Valve informs about newspaper publication20 May 2021, 5:24PM Rane Engine Valve board approves audited financial results19 May 2021, 2:16PM Rane Engine Valve informs about certificate7 Apr 2021, 4:37PM Rane Engine Valve submits extract of unaudited financial results30 Jan 2021, 12:07PM Rane Engine sells vacant land at Telangana9 Jan 2021, 9:52AM Rane Engine Valve submits certificate23 Oct 2020, 11:02AM Rane Engine Valve informs about newspaper publication7 Aug 2020, 4:44PM

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 poor sales growth of -14.9694357587538 % and in the latest quarter sales was Rs 98.3 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 4.62234687689509 times for Rane Engine Valve . It is managing its inventory poorly .
     
  • The company reported Profit growth of 62.7294981640147 % over the year, where the latest year profit is Rs -6.09 Cr compared to the previous year of Rs -16.34 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs 4.45 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Rane Engine Valve has a poor ROE of -5.63471502590674 %. 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 1.0883.
     
  • Rane Engine Valve pays a dividend of 0 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0 %.
     
  • The share of promoter in the company is high at 54.84 %, 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 -18.5869660684486 compared to the 5 year average PE of 1.58384217723843 .
Brief about Rane Engine Valve

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