Rane Holdings Ltd
₹ 1,269
-0.43%
17 May
- close price
- Market Cap ₹ 1,813 Cr.
- Current Price ₹ 1,269
- High / Low ₹ 1,500 / 895
- Stock P/E 24.0
- Book Value ₹ 405
- Dividend Yield 1.34 %
- ROCE 16.0 %
- ROE 13.6 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 49.9%
Cons
- Stock is trading at 3.14 times its book value
- Company has a low return on equity of 11.0% over last 3 years.
- Working capital days have increased from 28.3 days to 69.5 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Finance Industry: Finance & Investments
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 58 | 53 | 60 | 76 | 99 | 97 | 128 | 98 | 66 | 109 | 118 | 147 | |
| 23 | 24 | 26 | 30 | 31 | 35 | 38 | 35 | 29 | 35 | 46 | 52 | |
| Operating Profit | 34 | 29 | 34 | 46 | 67 | 62 | 91 | 62 | 37 | 74 | 72 | 95 |
| OPM % | 60% | 54% | 57% | 61% | 68% | 64% | 71% | 64% | 56% | 68% | 61% | 65% |
| 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | -15 | -18 | -3 | 1 | |
| Interest | 1 | 0 | 0 | 2 | 3 | 2 | 2 | 2 | 3 | 6 | 6 | 5 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 4 | 5 |
| Profit before tax | 33 | 28 | 33 | 43 | 63 | 59 | 87 | 57 | 15 | 48 | 59 | 86 |
| Tax % | 20% | 22% | 21% | 17% | 21% | 17% | 13% | 11% | 91% | 29% | 18% | 15% |
| 26 | 22 | 26 | 36 | 50 | 49 | 76 | 51 | 1 | 34 | 48 | 73 | |
| EPS in Rs | 18.18 | 15.22 | 18.15 | 24.97 | 34.88 | 34.17 | 53.48 | 35.59 | 0.95 | 23.73 | 33.83 | 51.17 |
| Dividend Payout % | 44% | 43% | 41% | 40% | 24% | 42% | 36% | 22% | 0% | 51% | 50% | 49% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 3% |
| 3 Years: | 31% |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 0% |
| 3 Years: | 91% |
| TTM: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 3% |
| 3 Years: | 29% |
| 1 Year: | 35% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 9% |
| 3 Years: | 11% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 244 | 255 | 269 | 289 | 335 | 367 | 417 | 445 | 454 | 491 | 522 | 564 |
| 3 | 0 | 0 | 27 | 15 | 28 | 19 | 33 | 77 | 70 | 58 | 1 | |
| 14 | 18 | 19 | 8 | 7 | 7 | 11 | 10 | 16 | 16 | 17 | 17 | |
| Total Liabilities | 275 | 287 | 302 | 338 | 372 | 417 | 461 | 502 | 562 | 591 | 612 | 596 |
| 52 | 52 | 51 | 90 | 89 | 88 | 88 | 105 | 103 | 102 | 106 | 67 | |
| CWIP | 0 | 0 | 0 | 0 | 2 | 4 | 10 | 0 | 0 | 1 | 0 | 0 |
| Investments | 205 | 216 | 235 | 231 | 252 | 302 | 337 | 373 | 434 | 475 | 479 | 495 |
| 19 | 20 | 16 | 16 | 29 | 23 | 27 | 24 | 24 | 13 | 27 | 34 | |
| Total Assets | 275 | 287 | 302 | 338 | 372 | 417 | 461 | 502 | 562 | 591 | 612 | 596 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 | 22 | 22 | 38 | 25 | 45 | 69 | 54 | 27 | 47 | 54 | 83 | |
| -4 | -5 | -8 | -37 | -2 | -42 | -30 | -40 | -62 | -33 | -15 | 4 | |
| -23 | -11 | -10 | -3 | -20 | -6 | -40 | -13 | 34 | -14 | -37 | -86 | |
| Net Cash Flow | 2 | 7 | 3 | -3 | 2 | -3 | -0 | 1 | -1 | -0 | 2 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 5 | 7 | 23 | 18 | 22 | 45 | 34 | 35 | 65 | 16 | 32 | 27 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 5 | 7 | 23 | 18 | 22 | 45 | 34 | 35 | 65 | 16 | 32 | 27 |
| Working Capital Days | -70 | -96 | -68 | -30 | -19 | -9 | -6 | 24 | 54 | -6 | 22 | 70 |
| ROCE % | 13% | 11% | 12% | 15% | 19% | 16% | 21% | 13% | 6% | 13% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
36m - Recordings of the Earnings Conference call are being made available in the investor information section of the website of the Company at the web-link https://ranegroup.com/investors/rane-holdings-limited/.
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Announcement under Regulation 30 (LODR)-Investor Presentation
1d - Copy of Earnings Presentation proposed to be made at the analyst and investors at the earnings conference call scheduled on May 17, 2024 at 15:00 …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Copies of newspaper publication on audited (standalone & consolidated) financial results for the quarter and year ended March 31, 2024 (AFR) published on MAY 16, …
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Letter no. RHL/SE/009/2024-25 dated May 15, 2024 intimating change in office of KMP, we enclose herewith resignation letter from Chief Financial Officer.
- Announcement under Regulation 30 (LODR)-Date of payment of Dividend 2d
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
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Financial Year 2010
from nse
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Financial Year 2010
from bse
Concalls
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May 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Oct 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Aug 2020Transcript PPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Dec 2017TranscriptNotesPPT
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Aug 2017TranscriptNotesPPT
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Jun 2017TranscriptNotesPPT
Major Investments
Rane (Madras) Limited (RML) - 256 Cr. (~71.7% stake) - Steering gear products, steering and suspension linkages, Light metal casting products, and other articles of aluminium.
Rane Engine Valve Limited (REVL) - 105 Cr. (~57.3% stake) - Engine valves, valve guides and tappets.
Rane Brake Lining Limited (RBL) - 30 Cr. (50% stake) - Brake linings, disc pads, clutch facing, and clutch button. [1] [2]