Rane Engine Valve Ltd

Rane Engine Val. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rane Engine Valve Ltd

₹ 458 0.16%
11 Dec 3:59 p.m.
ranegroup.com BSE: 532988 NSE: RANEENGINE
About

Incorporated in 1959, Rane Engine Valve Ltd manufactures components for the internal combustion engine applicable for stationary
and transportation engine applications[1]

Key Points

Business Overview:[1][2][3]
REVL is a subsidiary of Rane Holdings Ltd which holds ~58.29% of shares in the company. It is an ISO 9001:2015, ISO 14001:2015 IATF 16949:2016, ISO 45001:2018 certified manufacturer of valves and valve train components for various engine applications. Non Automotive applications such as power generation, marine, defence, locomotive, etc.[4]

Website BSE NSE
  • Market Cap ₹ 332 Cr.
  • Current Price ₹ 458
  • High / Low ₹ 666 / 291
  • Stock P/E 17.2
  • Book Value ₹ 172
  • Dividend Yield 1.09 %
  • ROCE 13.1 %
  • ROE 13.7 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 25.7% CAGR over last 5 years

Cons

  • Stock is trading at 2.67 times its book value
  • Company has a low return on equity of 0.01% over last 3 years.
  • Company might be capitalizing the interest cost

* 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: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
99.61 98.30 108.72 114.91 122.89 124.06 135.71 138.01 142.50 136.42 149.82 137.12 147.37
96.86 93.85 99.55 111.65 115.06 116.78 119.92 127.40 134.50 124.63 133.49 130.34 130.76
Operating Profit 2.75 4.45 9.17 3.26 7.83 7.28 15.79 10.61 8.00 11.79 16.33 6.78 16.61
OPM % 2.76% 4.53% 8.43% 2.84% 6.37% 5.87% 11.64% 7.69% 5.61% 8.64% 10.90% 4.94% 11.27%
-0.13 -1.87 0.77 -0.95 -0.71 -1.77 -1.18 -0.61 1.12 0.49 -2.83 4.15 -0.10
Interest 1.97 2.17 2.12 1.94 2.53 2.80 2.84 2.79 2.47 2.47 2.46 2.59 2.82
Depreciation 5.12 4.96 4.91 4.85 4.65 4.71 5.07 4.69 4.64 4.69 5.00 4.85 4.85
Profit before tax -4.47 -4.55 2.91 -4.48 -0.06 -2.00 6.70 2.52 2.01 5.12 6.04 3.49 8.84
Tax % -30.87% -34.73% 100.34% -30.58% -33.33% -11.50% 27.46% 30.95% 26.37% 31.64% 21.52% 31.52% 35.18%
-3.09 -2.97 -0.01 -3.11 -0.04 -1.77 4.86 1.74 1.48 3.50 4.74 2.39 5.73
EPS in Rs -4.60 -4.42 -0.01 -4.63 -0.06 -2.63 6.88 2.41 2.05 4.84 6.55 3.30 7.92
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
263 262 389 344 355 375 423 355 302 382 498 567 571
254 231 359 340 331 361 404 344 305 368 463 519 519
Operating Profit 9 31 30 4 24 14 19 11 -3 14 35 47 52
OPM % 3% 12% 8% 1% 7% 4% 4% 3% -1% 4% 7% 8% 9%
3 -39 49 20 92 2 2 3 25 -1 -5 -2 2
Interest 10 15 19 15 10 8 11 11 9 9 11 11 10
Depreciation 21 20 28 28 28 29 31 28 23 20 19 19 19
Profit before tax -19 -44 31 -18 78 -21 -20 -25 -10 -15 0 16 23
Tax % -33% -33% 25% -29% 26% -19% -34% -35% -37% -21% 138% 27%
-13 -29 23 -13 58 -17 -14 -16 -6 -12 -0 11 16
EPS in Rs -24.48 -56.47 45.58 -18.66 85.86 -25.39 -20.20 -24.32 -9.06 -17.65 -0.08 15.84 22.61
Dividend Payout % 0% 0% 5% 0% 3% 0% 0% 0% 0% 0% 0% 32%
Compounded Sales Growth
10 Years: 8%
5 Years: 6%
3 Years: 23%
TTM: 6%
Compounded Profit Growth
10 Years: 3%
5 Years: 26%
3 Years: 37%
TTM: 74%
Stock Price CAGR
10 Years: -2%
5 Years: 18%
3 Years: 18%
1 Year: 30%
Return on Equity
10 Years: -11%
5 Years: -8%
3 Years: 0%
Last Year: 14%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5 5 5 7 7 7 7 7 7 7 7 7 7
Reserves 87 58 110 96 153 134 121 104 98 90 98 114 117
111 141 153 143 84 108 133 121 115 129 137 122 143
48 46 74 64 62 71 83 71 83 85 110 111 118
Total Liabilities 251 250 343 310 306 320 343 303 302 312 352 354 385
150 133 173 161 141 132 125 109 92 82 86 87 86
CWIP 7 14 6 3 3 4 6 2 2 5 5 11 12
Investments 0 1 1 1 1 0 1 1 1 2 2 3 3
94 102 163 145 162 184 210 191 207 223 259 253 284
Total Assets 251 250 343 310 306 320 343 303 302 312 352 354 385

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
37 31 17 21 -4 15 2 28 21 -17 21 42
-28 -51 21 5 80 -20 -25 -7 17 -14 -19 -25
-5 17 -39 -27 -76 15 15 -23 -15 8 6 -22
Net Cash Flow 4 -3 -1 -0 1 10 -8 -2 23 -23 7 -6

Ratios

Figures in Rs. Crores

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 44 48 64 64 68 77 72 64 94 76 79 73
Inventory Days 150 158 155 128 138 140 167 192 152 213 175 147
Days Payable 113 124 121 99 118 120 121 120 153 129 150 132
Cash Conversion Cycle 82 82 98 93 89 97 118 136 93 159 105 88
Working Capital Days 20 -7 44 41 63 73 81 88 91 101 83 73
ROCE % -5% 6% 2% -8% -1% -5% -4% -6% -10% -1% 7% 13%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
54.84% 54.84% 55.12% 55.12% 55.12% 57.31% 58.32% 58.32% 58.32% 58.32% 58.32% 58.32%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.12% 0.08%
0.63% 0.63% 0.63% 0.63% 0.63% 0.60% 0.55% 0.07% 0.06% 0.06% 0.40% 0.06%
0.39% 0.39% 0.39% 0.39% 0.39% 0.37% 0.36% 0.36% 0.36% 0.36% 0.36% 0.36%
44.13% 44.13% 43.86% 43.86% 43.86% 41.73% 40.77% 41.24% 41.25% 41.25% 40.81% 41.17%
No. of Shareholders 7,6757,8147,7537,6267,7327,8047,8507,3107,2607,5947,8919,552

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls

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