Rane Engine Valve
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Rane Engine Valve share price

Rane Engine Valve Ltd.

NSE: RANEENGINE BSE: 532988 SECTOR: Auto Ancillary  28k   25   1

424.95
-22.75 (-5.08%)
BSE: 02 Jul 04:01 PM

Price Summary

Today's High

₹ 456.25

Today's Low

₹ 423.35

52 Week High

₹ 505.65

52 Week Low

₹ 277.1

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

₹ 307.43 Cr.

Enterprise Value

₹ 426.71 Cr.

No. of Shares

0.72 Cr.

P/E

26.83

P/B

2.54

Face Value

₹ 10

Div. Yield

1.18 %

Book Value (TTM)

₹  167

CASH

₹ 2.48 Cr.

DEBT

₹ 121.76 Cr.

Promoter Holding

58.32 %

EPS (TTM)

₹  15.84

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

View Full Peer Comparison
* 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

7.37

Interest Cover Ratio

2.4545

CFO/PAT (5 Yr. Avg.)

0

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 58.32 0
Dec 2023 58.32 0
Sep 2023 58.32 0
Jun 2023 58.32 0
Mar 2023 57.3 0
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 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 135.71 138.01 142.5 136.42 149.82
Total Expenditure 119.92 127.4 134.5 124.63 133.5
Operating Profit 15.79 10.61 8 11.79 16.32
Other Income 0.81 0.52 1.21 0.49 1.37
Interest 2.84 2.79 2.47 2.47 2.46
Depreciation 5.07 4.69 4.64 4.69 5
Exceptional Items -1.99 -1.13 -0.09 0 -4.2
Profit Before Tax 6.7 2.52 2.01 5.12 6.03
Tax 1.84 0.78 0.53 1.62 1.29
Profit After Tax 4.86 1.74 1.48 3.5 4.74
Adjusted EPS (Rs) 6.88 2.41 2.05 4.84 6.56

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 Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 57.30 58.32 58.32 58.32 58.32
malavika lakshman (includ... - - - - 0.02
rane holdings limited 57.28 58.29 58.29 58.29 58.29
malavika lakshman & haris... 0.02 0.02 0.02 0.02 -
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 42.70 41.68 41.68 41.68 41.68
enam securities pvt ltd 6.78 6.62 6.62 6.62 6.62
gagandeep credit capital ... 1.16 1.13 1.13 1.13 1.13
hiten anantrai sheth 1.92 1.88 1.88 1.88 1.88
investor education and pr... - - 1.16 1.16 1.16
investor education and pr... 1.19 1.16 - - -

Annual Reports

Ratings & Research Reports

Company Presentations

  • PresentationQ4FY24 20 May 2024
  • PresentationQ4FY22 7 Jun 2022
  • PresentationQ4FY21 15 Jun 2021
  • PresentationQ3FY24 12 Feb 2024
  • PresentationQ3FY21 10 Feb 2021
  • PresentationQ1FY22 13 Aug 2021
  • PresentationQ1FY22 10 Aug 2021

Company News

Rane Engine Valve board approves dividend7 May 2024, 3:00PM Rane Engine Valve informs about outcome of board meeting7 May 2024, 2:58PM Rane Engine Valve - Quaterly Results7 May 2024, 12:03PM Rane Engine Valve - Quaterly Results7 May 2024, 12:03PM Rane Engine Valve - Quaterly Results7 May 2024, 12:03PM Rane Engine Valve informs about newspaper publication 1 Feb 2024, 4:55PM Rane Engine Valve - Quaterly Results31 Jan 2024, 11:37AM Rane Engine Valve - Quaterly Results31 Jan 2024, 11:37AM Rane Engine Valve - Quaterly Results31 Jan 2024, 11:37AM Rane Engine Valve informs about earnings presentation10 Nov 2023, 11:00AM Rane Engine Valve - Quaterly Results31 Oct 2023, 1:05PM Rane Engine Valve - Quaterly Results31 Oct 2023, 1:05PM Rane Engine Valve - Quaterly Results31 Oct 2023, 1:05PM Rane Engine Valve informs about issuance of duplicate share certificate6 Sep 2023, 10:40AM Rane Engine Valve - Quaterly Results25 Jul 2023, 12:26PM Rane Engine Valve - Quaterly Results25 Jul 2023, 12:26PM Rane Engine Valve - Quaterly Results25 Jul 2023, 12:26PM Rane Engine Valve informs about press release5 May 2023, 1:46PM Rane Engine Valve - Quaterly Results4 May 2023, 12:51PM Rane Engine Valve - Quaterly Results4 May 2023, 12:51PM Rane Engine Valve - Quaterly Results4 May 2023, 12:51PM Rane Engine Valve informs about outcome of board meeting 7 Feb 2023, 4:44PM Rane Engine Valve - Quaterly Results7 Feb 2023, 12:08PM Rane Engine Valve - Quaterly Results7 Feb 2023, 12:08PM Rane Engine Valve - Quaterly Results7 Feb 2023, 12:08PM Rane Engine Valve informs about change in KMP1 Dec 2022, 11:05AM Rane Engine Valve - Quaterly Results18 Oct 2022, 12:55PM Rane Engine Valve - Quaterly Results18 Oct 2022, 12:55PM Rane Engine Valve - Quaterly Results18 Oct 2022, 12:55PM Rane Engine Valve informs about appointment of independent director12 Sep 2022, 5:04PM 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 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 149.82 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 16.32 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 1.1766 %.
     
  • 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 27.1354531623835 compared to the 5 year average PE of 3.86042 .
     
  • Share Price: - The current share price of Rane Engine Valve is Rs 429.85. 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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