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

₹ 305 1.03%
29 Sep - close price
ranegroup.com BSE: 532988 NSE - BE : RANEENGINE
About

Established in 1959, Rane Engine Valve Limited (REVL) is part of the Rane Group of Companies, a leading auto component group based out of Chennai. It manufactures engine valves, valve guides, and tappets for various internal combustion engine appl¡cations. It caters to all segments of automob¡le industries such as Passenger Vehicles, Commercial vehicles, Tractors, 2W, 3W, stationary engines, railways, and marine engines.[1]
[2]

Key Points

Market Position
It is currently the market leader in Indian OEM and replacement markets. [1]

Website BSE NSE - BE
  • Market Cap ₹ 221 Cr.
  • Current Price ₹ 305
  • High / Low ₹ 346 / 195
  • Stock P/E 20.7
  • Book Value ₹ 147
  • Dividend Yield 0.00 %
  • ROCE 7.48 %
  • ROE -7.20 %
  • Face Value ₹ 10.0
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Pros

  • Promoter holding has increased by 1.02% over last quarter.

Cons

  • The company has delivered a poor sales growth of 5.81% over past five years.
  • Company has a low return on equity of -14.3% over last 3 years.

* 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

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
30.28 82.07 91.57 97.92 75.43 99.61 98.30 108.72 114.91 122.89 124.06 135.71 138.01
47.04 79.51 86.96 92.15 78.26 96.86 93.85 99.55 111.65 115.06 116.78 119.92 127.40
Operating Profit -16.76 2.56 4.61 5.77 -2.83 2.75 4.45 9.17 3.26 7.83 7.28 15.79 10.61
OPM % -55.35% 3.12% 5.03% 5.89% -3.75% 2.76% 4.53% 8.43% 2.84% 6.37% 5.87% 11.64% 7.69%
0.24 0.49 24.48 0.10 0.57 -0.13 -1.87 0.77 -0.95 -0.71 -1.77 -1.18 -0.61
Interest 2.28 2.57 2.10 1.25 1.63 1.97 2.17 2.12 1.94 2.53 2.80 2.84 2.79
Depreciation 6.30 5.77 5.53 5.40 5.01 5.12 4.96 4.91 4.85 4.65 4.71 5.07 4.69
Profit before tax -25.10 -5.29 21.46 -0.78 -8.90 -4.47 -4.55 2.91 -4.48 -0.06 -2.00 6.70 2.52
Tax % 35.02% 34.59% 34.02% 37.18% 34.94% 30.87% 34.73% 100.34% 30.58% 33.33% 11.50% 27.46% 30.95%
-16.31 -3.46 14.16 -0.49 -5.79 -3.09 -2.97 -0.01 -3.11 -0.04 -1.77 4.86 1.74
EPS in Rs -24.27 -5.15 21.07 -0.73 -8.62 -4.60 -4.42 -0.01 -4.63 -0.06 -2.63 6.88 2.41
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
307 263 262 389 344 355 375 423 355 302 382 498 521
266 254 231 359 340 331 361 404 344 305 368 463 479
Operating Profit 41 9 31 30 4 24 14 19 11 -3 14 35 42
OPM % 13% 3% 12% 8% 1% 7% 4% 4% 3% -1% 4% 7% 8%
14 3 -39 49 20 92 2 2 3 25 -1 -5 -4
Interest 8 10 15 19 15 10 8 11 11 9 9 11 11
Depreciation 19 21 20 28 28 28 29 31 28 23 20 19 19
Profit before tax 29 -19 -44 31 -18 78 -21 -20 -25 -10 -15 0 7
Tax % 28% 33% 33% 25% 29% 26% 19% 34% 35% 37% 21% 138%
21 -13 -29 23 -13 58 -17 -14 -16 -6 -12 -0 5
EPS in Rs 40.32 -24.48 -56.47 45.58 -18.66 85.86 -25.39 -20.20 -24.32 -9.06 -17.65 -0.08 6.60
Dividend Payout % 26% 0% 0% 5% 0% 3% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 6%
3 Years: 12%
TTM: 24%
Compounded Profit Growth
10 Years: 4%
5 Years: 10%
3 Years: 16%
TTM: 331%
Stock Price CAGR
10 Years: 12%
5 Years: -8%
3 Years: 17%
1 Year: 31%
Return on Equity
10 Years: -12%
5 Years: -13%
3 Years: -14%
Last Year: -7%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
5 5 5 5 7 7 7 7 7 7 7 7
Reserves 99 87 58 110 96 153 134 121 104 98 87 97
104 111 141 153 143 84 108 133 121 115 129 137
54 48 46 74 64 62 71 83 71 83 89 111
Total Liabilities 263 251 250 343 310 306 320 343 303 302 312 352
136 150 133 173 161 141 132 125 109 92 82 86
CWIP 12 7 14 6 3 3 4 6 2 2 5 5
Investments 0 0 1 1 1 1 0 1 1 1 2 2
114 94 102 163 145 162 184 210 191 207 223 259
Total Assets 263 251 250 343 310 306 320 343 303 302 312 352

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
14 37 31 17 21 -4 15 2 28 21 -17 21
-22 -28 -51 21 5 80 -20 -25 -7 17 -14 -19
4 -5 17 -39 -27 -76 15 15 -23 -15 8 6
Net Cash Flow -5 4 -3 -1 -0 1 10 -8 -2 23 -23 7

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 53 44 48 64 64 68 77 72 64 94 76 79
Inventory Days 159 150 158 155 128 138 140 167 192 152 213 155
Days Payable 96 113 124 121 99 118 120 121 120 153 129 132
Cash Conversion Cycle 116 82 82 98 93 89 97 118 136 93 159 102
Working Capital Days 42 20 -7 44 41 63 73 81 88 91 101 84
ROCE % 19% -5% 6% 2% -8% -1% -5% -4% -6% -10% -1% 7%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
54.84% 54.84% 54.84% 54.84% 54.84% 54.84% 54.84% 55.12% 55.12% 55.12% 57.31% 58.32%
1.31% 1.31% 1.31% 1.31% 1.22% 0.63% 0.63% 0.63% 0.63% 0.63% 0.60% 0.55%
0.39% 0.39% 0.39% 0.39% 0.39% 0.39% 0.39% 0.39% 0.39% 0.39% 0.37% 0.36%
43.46% 43.46% 43.46% 43.46% 43.55% 44.13% 44.13% 43.86% 43.86% 43.86% 41.73% 40.77%
No. of Shareholders 6,7026,9026,7707,2097,5967,6757,8147,7537,6267,7327,8047,850

* 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.

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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Aug 2023
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