Rane (Madras) Ltd.

NSE: RML  SECTOR: Auto Ancillary

335.8
-20.35 (-5.71%)

Price Summary

Today's High

₹ 345

Today's Low

₹ 331

52 Week High

₹ 496

52 Week Low

₹ 173.5

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.

Company Essentials

Market Cap

489.10307622 Cr.

Enterprise Value

830.06307622 Cr.

No. of Shares

1.4565309 Cr.

P/E

0

P/B

1.37

Face Value

₹ 10

Div. Yield

0%

Book Value (TTM)

₹  245.401

CASH

16.7 Cr.

DEBT

357.66 Cr.

Promoter Holding

69.45%

EPS (TTM)

₹  -19.3226

Sales Growth

-19.6847290640394%

ROE

-8.09114544521172 %

ROCE

1.43726501027172 %

Profit Growth

-2.219859702686 %

* 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 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

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

Sales Growth (in Cr.)

1 Year-19.68%
3 Year3.62%
5 Year7.16%

Profit Growth (in Cr.)

1 Year-151.71%
3 Year-205.75%
5 Year-214.45%

ROE%

1 Year-8.09%
3 Year9.25%
5 Year10%

ROCE %

1 Year1.44%
3 Year12.15%
5 Year11.56%

Debt/Equity

1.22235133287765

Price to Cash Flow

4.2

Interest Cover Ratio

0.283312958435208

CFO/PAT (5 Yr. Avg.)

1.08612689795156

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2021 69.45 0
Dec 2020 64.56 0
Sep 2020 64.56 0
Jun 2020 64.56 0
Mar 2020 64.56 0
* Figures given above are % of equity capital

 Strengths

  • The company has an efficient Cash Conversion Cycle of 59.7689943654304 days.
  • The company has a high promoter holding of 69.45%.

 Limitations

  • The company has shown a poor profit growth of -205.746105854856% for the Past 3 years.
  • The company has shown a poor revenue growth of 3.61620933078379% for the Past 3 years.
  • Company has low Interest coverage ratio of 0.283312958435208.
  • Company has contingent liabilities of 274.22 Cr.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
Net Sales 275.33 249.2 92.65 284.33 391.82
Total Expenditure 255.59 235.27 108.74 256.44 348.05
Operating Profit 19.74 13.93 -16.1 27.88 43.77
Other Income 4.89 10.24 3.62 1.38 7.03
Interest 8.22 7.19 7.53 7.15 5.73
Depreciation 12.96 13.82 12.1 12.73 13.31
Exceptional Items 0 -37.58 0 0 0
Profit Before Tax 3.45 -34.42 -32.1 9.38 31.76
Tax -0.28 -0.32 -10.19 2.98 10.3
Profit After Tax 3.73 -34.1 -21.91 6.4 21.46
Adjusted EPS (Rs) 0.31 -2.72 -1.75 0.51 1.71

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

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 860.91 989.27 1213.95 1370.25 1100.52
Total Expenditure 782.79 893.24 1079.3 1228.47 1023.57
Operating Profit 78.12 96.03 134.65 141.78 76.95
Other Income 1.58 3.35 5.64 10.57 22.32
Interest 18.96 27.8 30.22 28.96 32.72
Depreciation 39.38 45.29 49.89 53.03 52.42
Exceptional Items -2.7 0 0 0 -37.58
Profit Before Tax 18.66 26.29 60.18 70.36 -23.45
Tax 4.57 5.63 18.37 23.12 0.98
Net Profit 14.09 20.66 41.81 47.24 -24.43
Adjusted EPS (Rs.) 12.87 19.66 36.01 39.47 -19.47

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 18.74 10.51 11.61 11.97 12.55
Total Reserves 141.88 160.44 254.82 299.3 288.38
Borrowings 124.07 128.91 118.65 112.29 139.82
Other N/C liabilities 60.37 13.51 30.04 50.6 19.29
Current liabilities 312.66 379.53 414.44 429.54 409.73
Total Liabilities 657.72 692.9 829.56 903.7 869.77
Assets
Net Block 306.1 319.79 342.86 341.86 333.9
Capital WIP 7.37 27.09 14.02 12.13 10.15
Investments 0.15 0.15 0.15 0.75 0.71
Loans & Advances 74.61 41.3 53.46 114.27 173.41
Other N/C Assets 0 3.55 13.9 15.02 15.54
Current Assets 269.49 301.02 405.17 419.67 336.06
Total Assets 657.72 692.9 829.56 903.7 869.77
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 18.66 26.29 60.18 70.36 -23.45
Adjustment 60.36 72.33 77.04 79.86 105.97
Working Capital Changes -36.36 -4.86 -50.94 -58.82 42.09
Tax Paid -5.77 -4.26 -13.01 -20.87 -8.2
Operating Cash Flow 36.89 89.5 73.27 70.53 116.41
Investing Cash Flow -74.62 -60.4 -69.68 -86.55 -134.49
Financing Cash Flow 37.66 -27.81 -0.71 20.81 23.94
Net Cash Flow -0.07 1.29 2.88 4.79 5.86

Corporate Actions

Ratings & Research Reports

Company Presentations

Company News

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

  • The mainstream of revenue for Auto Sector is their sales, Rane Madras has reported poor sales growth of -19.6847290640394 % and in the latest quarter sales was Rs 391.823 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 7.6385216033316 times for Rane Madras . It is managing its inventory poorly .
     
  • The company reported Profit loss of -151.714648602879 % over the year, where the latest year profit is Rs -24.43 Cr compared to the previous year of Rs 47.24 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 50.798 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Rane Madras has a poor ROE of -8.09114544521172 %. 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 Madras has a low Debt to Equity ratio of 1.22235133287765.
     
  • Rane Madras 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 69.45 %, 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 Madras is 0 compared to the 5 year average PE of 16.1370340943586 .
Brief about Rane Madras

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