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Rane Brake Lining share price

Rane Brake Lining Ltd.

NSE: RBL BSE: 532987 SECTOR: Auto Ancillary  25k   51   6

802.55
0 0
BSE: 23 Feb 04:01 PM

Price Summary

Today's High

₹ 825.5

Today's Low

₹ 791.05

52 Week High

₹ 944.6

52 Week Low

₹ 585

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

620.36 Cr.

Enterprise Value

613.25 Cr.

No. of Shares

0.77 Cr.

P/E

16.81

P/B

2.33

Face Value

₹ 10

Div. Yield

3.12 %

Book Value (TTM)

₹  344.81

CASH

7.11 Cr.

DEBT

0 Cr.

Promoter Holding

70.93 %

EPS (TTM)

₹  47.75

Sales Growth

18.45%

ROE

13.28 %

ROCE

17.71%

Profit Growth

23.61 %

* 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

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 Year18.45%
3 Year8.33%
5 Year4.42%

Profit Growth

1 Year23.61%
3 Year-0.86%
5 Year-1.32%

ROE%

1 Year13.28%
3 Year12.73%
5 Year14.44%

ROCE %

1 Year17.71%
3 Year17.26%
5 Year18.77%

Debt/Equity

0

Price to Cash Flow

12.57

Interest Cover Ratio

892.6

CFO/PAT (5 Yr. Avg.)

1.37720588235294

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 70.93 0
Sep 2023 70.93 0
Jun 2023 70.93 0
Mar 2023 70.93 0
Dec 2022 70.93 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 892.6.
  • Company’s PEG ratio is 0.712012426032008.
  • The company has an efficient Cash Conversion Cycle of 23.840971986606 days.
  • Company has a healthy liquidity position with current ratio of 2.2085308056872.
  • The company has a good cash flow management; CFO/PAT stands at 1.37720588235294.
  • The company has a high promoter holding of 70.93%.

 Limitations

  • The company has shown a poor profit growth of -0.861605384936348% for the Past 3 years.
  • The company has shown a poor revenue growth of 8.33266521248381% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 153.33 164.87 152.33 158.03 164.25
Total Expenditure 137.27 144.82 140.73 140.45 146.17
Operating Profit 16.06 20.05 11.6 17.58 18.08
Other Income 1.3 0.96 0.73 0.2 0.69
Interest 0.02 0.03 0 0 0
Depreciation 5.04 5.24 5.13 5.16 5.24
Exceptional Items 0 0 0 0 0
Profit Before Tax 12.3 15.74 7.2 12.62 13.53
Tax 3.13 3.72 2.02 3.03 3.41
Profit After Tax 9.17 12.02 5.18 9.59 10.12
Adjusted EPS (Rs) 11.86 15.55 6.7 12.41 13.09

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

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 513.89 470.98 423.88 505.55 598.8
Total Expenditure 446.11 410.44 365.38 461.42 542.44
Operating Profit 67.78 60.54 58.5 44.13 56.36
Other Income 7.08 10.45 13.34 12.64 8.27
Interest 0.39 0.02 0.48 0.02 0.05
Depreciation 24.25 26.29 24.42 21.42 20
Exceptional Items -0.91 0 0 -0.66 0
Profit Before Tax 49.31 44.68 46.94 34.67 44.58
Tax 12.78 10.34 15.14 7.6 11.12
Net Profit 36.53 34.34 31.8 27.07 33.46
Adjusted EPS (Rs.) 46.18 43.41 41.03 35.02 43.29

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 7.91 7.91 7.75 7.73 7.73
Total Reserves 201.86 220.91 229.91 235.11 253.45
Borrowings 0 0 0 0 0
Other N/C liabilities 128.36 138.51 154.22 5.8 5.36
Current liabilities 143.13 126.79 139.41 150.31 107.61
Total Liabilities 481.26 494.12 531.29 398.95 374.15
Assets
Net Block 118.37 132.67 117.9 113.85 118.22
Capital WIP 1.93 0.49 1.66 3.4 4.38
Intangible WIP 0 0 0 0 0
Investments 0.6 0.6 0.6 1.35 1.35
Loans & Advances 142.35 150.88 163.08 14.95 11.32
Other N/C Assets 0.34 0.38 0.44 0.95 1.22
Current Assets 217.67 209.1 247.61 264.45 237.66
Total Assets 481.26 494.12 531.29 398.95 374.15
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 49.31 44.68 46.94 34.67 44.58
Adjustment 23.55 23.74 20.3 22.06 14.23
Changes in Assets & Liabilities -10.6 13.79 -8 -35.74 3.92
Tax Paid -17.96 -8.82 -12.86 -9.64 -13.39
Operating Cash Flow 44.3 73.39 46.38 11.35 49.34
Investing Cash Flow -24.85 -35.19 -10.3 -18.12 -47.96
Financing Cash Flow -15.21 -14.53 -24.12 -21.72 -15.64
Net Cash Flow 4.24 23.67 11.96 -28.49 -14.26

Corporate Actions

Investors Details

PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
promoters 70.93 70.93 70.93 70.93 70.93
nisshinbo holdings inc. 20.64 20.64 20.64 20.64 20.64
rane holdings ltd 50.03 50.03 50.03 50.03 50.03
rekha sundar 0.25 0.25 0.25 0.25 0.25
PARTICULARS Dec 2022% Mar 2023% Jun 2023% Sep 2023% Dec 2023%
investors 29.07 29.07 29.07 29.07 29.07
investor education and p... - - - - 0.30
general insurance corpora... 3.55 3.55 3.55 3.55 3.55
investor education and pr... - - - 0.30 -
ashok jain - - 1.00 - -
investor education and pr... 0.29 0.29 0.30 - -

Annual Reports

Ratings & Research Reports

Company Presentations

  • 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 Brake Lining informs about outcome of board meeting 30 Jan 2024, 5:14PM Rane Brake Lining informs about financial results 30 Jan 2024, 1:13PM Rane Brake Lining - Quaterly Results30 Jan 2024, 12:18PM Rane Brake Lining - Quaterly Results30 Jan 2024, 12:18PM Rane Brake Lining - Quaterly Results30 Jan 2024, 12:18PM Rane Brake Lining - Quaterly Results2 Nov 2023, 1:02PM Rane Brake Lining - Quaterly Results2 Nov 2023, 1:02PM Rane Brake Lining - Quaterly Results2 Nov 2023, 1:02PM Rane Brake Lining - Quaterly Results24 Jul 2023, 12:43PM Rane Brake Lining - Quaterly Results24 Jul 2023, 12:43PM Rane Brake Lining - Quaterly Results24 Jul 2023, 12:43PM Rane Brake Lining - Quaterly Results3 May 2023, 1:22PM Rane Brake Lining - Quaterly Results3 May 2023, 1:22PM Rane Brake Lining - Quaterly Results3 May 2023, 1:22PM Rane Brake Lining - Quaterly Results9 Feb 2023, 12:31PM Rane Brake Lining - Quaterly Results9 Feb 2023, 12:31PM Rane Brake Lining - Quaterly Results9 Feb 2023, 12:31PM Rane Brake Lining - Quaterly Results19 Oct 2022, 12:19PM Rane Brake Lining - Quaterly Results19 Oct 2022, 12:19PM Rane Brake Lining - Quaterly Results19 Oct 2022, 12:19PM Rane Brake Lining - Quaterly Results26 Jul 2022, 2:44PM Rane Brake Lining - Quaterly Results26 Jul 2022, 2:44PM Rane Brake Lining - Quaterly Results26 Jul 2022, 2:44PM Rane Brake Lining informs about newspaper publication26 May 2022, 12:29PM Rane Brake Lining - Quaterly Results18 May 2022, 12:43PM Rane Brake Lining - Quaterly Results18 May 2022, 12:43PM Rane Brake Lining - Quaterly Results18 May 2022, 12:43PM Rane Brake Lining informs about outcome of board meeting27 Jan 2022, 2:08PM Rane Brake Lining - Quaterly Results19 Oct 2021, 12:11PM Rane Brake Lining - Quaterly Results19 Oct 2021, 12:11PM Rane Brake Lining submits disclosure on related party transactions29 May 2021, 11:13AM Rane Brake Lining informs about newspaper publication18 May 2021, 3:15PM Rane Brake Lining reports 53% rise in Q4 net profit18 May 2021, 9:12AM Rane Brake Lining informs about audited financial results17 May 2021, 5:13PM Rane Brake Lining informs about closure of buyback3 May 2021, 1:58PM Rane Brake Lining informs about press release19 Oct 2020, 4:22PM Rane Brake Lining informs about record date17 Jun 2020, 3:30PM

Rane Brake Lining Stock Price Analysis and Quick Research Report. Is Rane Brake Lining 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 Brake Lining is performing and if it is the right time to buy the stock of Rane Brake Lining with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Rane Brake Lining has reported decent sales growth of 18.4452576401938 % and in the latest quarter sales was Rs 164.25 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 6.515664160401 times for Rane Brake Lining . It is managing its inventory poorly .
     
  • Rane Brake Lining reported Profit growth of 23.6054673069819 % over the year, where the latest year profit is Rs 33.46 Cr compared to the previous year of Rs 27.07 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 Brake Lining in the latest quarter is Rs 18.08 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Rane Brake Lining has a average ROE of 13.277250902742 %. 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 Brake Lining has a low Debt to Equity ratio of 0.
     
  • Rane Brake Lining pays a dividend of 25 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 3.1151 %.
     
  • The share of promoter in Rane Brake Lining is high at 70.93 %, 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 Brake Lining is 16.7330543792854 compared to the 5 year average PE of 14.4774439832335 .
     
  • Share Price: - The current share price of Rane Brake Lining is Rs 799. One can use valuation calculators of ticker to know if Rane Brake Lining share price is undervalued or overvalued.
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Brief about Rane Brake Lining
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