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Rane Brake Lining share price

Rane Brake Lining Ltd.

NSE: RBL BSE: 532987 SECTOR: Auto Ancillary  30k   55   5

954.05
+23.50 (2.53%)
BSE: 24 Jul 04:01 PM

Price Summary

Today's High

₹ 966.5

Today's Low

₹ 931.5

52 Week High

₹ 1092.2

52 Week Low

₹ 645.45

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.
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

737.47 Cr.

Enterprise Value

733.2 Cr.

No. of Shares

0.77 Cr.

P/E

16.79

P/B

2.54

Face Value

₹ 10

Div. Yield

3.14 %

Book Value (TTM)

₹  375.05

CASH

4.27 Cr.

DEBT

0 Cr.

Promoter Holding

70.93 %

EPS (TTM)

₹  56.83

Sales Growth

10.36%

ROE

14.86 %

ROCE

20.09%

Profit Growth

20.38 %

* 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 Year10.36%
3 Year15.95%
5 Year5.16%

Profit Growth

1 Year20.38%
3 Year8.2%
5 Year1.97%

ROE%

1 Year14.86%
3 Year13.13%
5 Year13.74%

ROCE %

1 Year20.09%
3 Year17.41%
5 Year18.16%

Debt/Equity

0

Price to Cash Flow

25.18

Interest Cover Ratio

1815.3333

CFO/PAT (5 Yr. Avg.)

1.25636418089248

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2024 70.93 0
Mar 2024 70.93 0
Dec 2023 70.93 0
Sep 2023 70.93 0
Jun 2023 70.93 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good revenue growth of 15.9529046141339% for the Past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 1815.3333.
  • Company’s PEG ratio is 0.823611563113692.
  • The company has an efficient Cash Conversion Cycle of 53.6742 days.
  • Company has a healthy liquidity position with current ratio of 2.2579.
  • The company has a good cash flow management; CFO/PAT stands at 1.25636418089248.
  • The company has a high promoter holding of 70.93%.

 Limitations

  • The company has shown a poor profit growth of 8.19838555231978% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Net Sales 152.33 158.03 164.25 186.22 159.93
Total Expenditure 140.73 140.45 146.17 158.1 142.43
Operating Profit 11.6 17.58 18.08 28.12 17.5
Other Income 0.73 0.2 0.69 0.52 0.57
Interest 0 0 0 0.03 0
Depreciation 5.13 5.16 5.24 6.31 6.11
Exceptional Items 0 0 0 -1.22 0
Profit Before Tax 7.2 12.62 13.53 21.08 11.96
Tax 2.02 3.03 3.41 5.69 3.13
Profit After Tax 5.18 9.59 10.12 15.39 8.83
Adjusted EPS (Rs) 6.7 12.41 13.09 19.91 11.42

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

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 470.98 423.88 505.55 598.8 660.83
Total Expenditure 410.44 365.38 461.42 542.44 585.45
Operating Profit 60.54 58.5 44.13 56.36 75.38
Other Income 10.45 13.34 12.64 8.27 2.14
Interest 0.02 0.48 0.02 0.05 0.03
Depreciation 26.29 24.42 21.42 20 21.84
Exceptional Items 0 0 -0.66 0 -1.22
Profit Before Tax 44.68 46.94 34.67 44.58 54.43
Tax 10.34 15.14 7.6 11.12 14.15
Net Profit 34.34 31.8 27.07 33.46 40.28
Adjusted EPS (Rs.) 43.41 41.03 35.02 43.29 52.11

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 7.91 7.75 7.73 7.73 7.73
Total Reserves 220.91 229.91 235.11 253.45 273.35
Borrowings 0 0 0 0 0
Other N/C liabilities 138.51 154.22 5.8 5.36 7.02
Current liabilities 126.79 139.41 150.31 107.61 112.62
Total Liabilities 494.12 531.29 398.95 374.15 400.72
Assets
Net Block 132.67 117.9 113.85 118.22 126.94
Capital WIP 0.49 1.66 3.4 4.38 7
Intangible WIP 0 0 0 0 0
Investments 0.6 0.6 1.35 1.35 1.9
Loans & Advances 150.88 163.08 14.95 11.32 10.12
Other N/C Assets 0.38 0.44 0.95 1.22 0.48
Current Assets 209.1 247.61 264.45 237.66 254.28
Total Assets 494.12 531.29 398.95 374.15 400.72
* 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 44.68 46.94 34.67 44.58 54.43
Adjustment 23.74 20.3 22.06 14.23 20.77
Changes in Assets & Liabilities 13.79 -8 -35.74 3.92 -34.13
Tax Paid -8.82 -12.86 -9.64 -13.39 -11.78
Operating Cash Flow 73.39 46.38 11.35 49.34 29.29
Investing Cash Flow -35.19 -10.3 -18.12 -47.96 -12.65
Financing Cash Flow -14.53 -24.12 -21.72 -15.64 -19.53
Net Cash Flow 23.67 11.96 -28.49 -14.26 -2.89

Corporate Actions

Investors Details

PARTICULARS Jun 2023% Sep 2023% Dec 2023% Mar 2024% Jun 2024%
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 Jun 2023% Sep 2023% Dec 2023% Mar 2024% Jun 2024%
investors 29.07 29.07 29.07 29.07 29.07
general insurance corpora... 3.55 3.55 3.55 3.55 3.55
investor education and pr... 0.30 - - - 0.31
investor education and pr... - 0.30 - 0.30 -
investor education and p... - - 0.30 - -
ashok jain 1.00 - - - -

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 Brake Lining informs about financial results22 Jul 2024, 2:31PM Rane Brake Lining informs about outcome of board meeting22 Jul 2024, 12:36PM Rane Brake Lining - Quaterly Results22 Jul 2024, 12:15PM Rane Brake Lining - Quaterly Results22 Jul 2024, 12:15PM Rane Brake Lining - Quaterly Results22 Jul 2024, 12:15PM Rane Brake Lining informs about 19th AGM 26 Jun 2024, 2:07PM Rane Brake Lining - Quaterly Results3 May 2024, 12:24PM Rane Brake Lining - Quaterly Results3 May 2024, 12:24PM Rane Brake Lining - Quaterly Results3 May 2024, 12:24PM 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 10.3591 % and in the latest quarter sales was Rs 159.93 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 7.4245 times for Rane Brake Lining . It is managing its inventory poorly .
     
  • Rane Brake Lining reported Profit growth of 20.3825 % over the year, where the latest year profit is Rs 40.28 Cr compared to the previous year of Rs 33.46 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 17.5 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 14.8563 %. 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 30 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 3.1567 %.
     
  • 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 16.7732683458997 compared to the 5 year average PE of 14.6105060803727 .
     
  • Share Price: - The current share price of Rane Brake Lining is Rs 953.25. 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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