Rane Holdings Ltd

Rane Holdings Ltd

₹ 1,521 -2.44%
12 Jun - close price
About

Rane Holdings Limited (RHL), founded in 1929 is headquartered in Chennai, India. It is the holding company of Rane Group and holds its trademark.[1] [2]

Key Points

Group Structure[1]
Subsidiaries
1 Rane (Madras) Ltd. (RML) - 71.77% - Manual Steering Gears, Steering Linkages, Suspension
Components, Light Metal Casting Products.
2 Rane Engine Valve Ltd. (REVL) - 58.29% - Engine Valves, Valve Guides
3 Rane Brake Lining Ltd. (RBL) - 50.03% - Brake Linings and Disc Pads.
JV/Associate
1 ZF Rane Automotive India Pvt. Ltd. - 49% - Hydraulic Power Steering systems, Steering Wheel, Seat Belts, Airbags.
2 Rane NSK Steering Systems Pvt. Ltd. - 49% - Electric Power Steering Systems, Manual Steering Column, Steering Shafts

  • Market Cap 2,172 Cr.
  • Current Price 1,521
  • High / Low 2,576 / 1,130
  • Stock P/E 31.9
  • Book Value 431
  • Dividend Yield 2.50 %
  • ROCE 12.9 %
  • ROE 11.4 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 59.6%

Cons

  • Stock is trading at 3.53 times its book value
  • The company has delivered a poor sales growth of 7.56% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 11.6% over last 3 years.
  • Working capital days have increased from 47.1 days to 110 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
21.01 29.12 39.61 23.64 25.29 25.54 68.94 26.31 26.07 57.20 35.69 23.27 24.60
8.94 9.67 11.78 11.89 12.92 12.75 13.74 13.16 12.03 12.93 15.94 14.29 13.70
Operating Profit 12.07 19.45 27.83 11.75 12.37 12.79 55.20 13.15 14.04 44.27 19.75 8.98 10.90
OPM % 57.45% 66.79% 70.26% 49.70% 48.91% 50.08% 80.07% 49.98% 53.86% 77.40% 55.34% 38.59% 44.31%
0.19 0.10 0.12 0.16 -2.77 -2.78 0.34 1.70 1.39 0.61 0.81 0.35 1.13
Interest 1.40 1.38 1.48 1.48 1.27 1.29 1.19 1.16 1.03 0.03 0.06 0.40 1.19
Depreciation 0.79 0.88 0.93 1.28 1.28 1.21 1.22 1.30 1.35 1.39 1.55 1.50 1.38
Profit before tax 10.07 17.29 25.54 9.15 7.05 7.51 53.13 12.39 13.05 43.46 18.95 7.43 9.46
Tax % 14.70% 17.47% 17.46% 18.47% 22.13% 20.37% 14.57% 14.93% 14.56% 14.40% 16.52% 14.54% 7.61%
8.59 14.27 21.08 7.46 5.49 5.98 45.39 10.54 11.15 37.20 15.82 6.35 8.74
EPS in Rs 6.02 9.99 14.76 5.22 3.85 4.19 31.79 7.38 7.81 26.05 11.08 4.45 6.12
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
53 60 76 99 97 128 98 66 109 118 149 141
24 26 30 31 35 38 35 29 35 46 52 57
Operating Profit 29 34 46 67 62 91 62 37 74 72 98 84
OPM % 54% 57% 61% 68% 64% 71% 64% 56% 68% 61% 65% 60%
0 0 0 -0 0 0 0 -15 -18 -3 -2 3
Interest 0 0 2 3 2 2 2 3 6 6 5 2
Depreciation 1 1 1 1 1 1 3 3 3 4 5 6
Profit before tax 28 33 43 63 59 87 57 15 48 59 86 79
Tax % 22% 21% 17% 21% 17% 13% 11% 91% 29% 18% 15% 14%
22 26 36 50 49 76 51 1 34 48 73 68
EPS in Rs 15.22 18.15 24.97 34.88 34.17 53.48 35.59 0.95 23.73 33.83 51.17 47.70
Dividend Payout % 43% 41% 40% 24% 42% 36% 22% 0% 51% 50% 49% 80%
Compounded Sales Growth
10 Years: 9%
5 Years: 8%
3 Years: 9%
TTM: -6%
Compounded Profit Growth
10 Years: 10%
5 Years: 6%
3 Years: 13%
TTM: -9%
Stock Price CAGR
10 Years: 10%
5 Years: 30%
3 Years: 37%
1 Year: 20%
Return on Equity
10 Years: 12%
5 Years: 10%
3 Years: 12%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 255 269 289 335 367 417 445 454 491 522 564 601
0 0 27 15 28 19 33 78 70 58 2 61
18 19 8 7 7 11 10 15 16 17 16 18
Total Liabilities 287 302 338 372 417 461 502 562 591 612 596 694
52 51 90 89 88 88 105 103 102 106 67 65
CWIP 0 0 0 2 4 10 0 0 1 0 0 0
Investments 216 235 231 252 302 337 373 434 475 479 495 598
20 16 16 29 23 27 24 24 13 27 34 31
Total Assets 287 302 338 372 417 461 502 562 591 612 596 694

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
22 22 38 25 45 69 54 27 47 54 83 78
-5 -8 -37 -2 -42 -30 -40 -62 -33 -15 4 -100
-11 -10 -3 -20 -6 -40 -13 34 -14 -37 -86 21
Net Cash Flow 7 3 -3 2 -3 -0 1 -1 -0 2 1 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 7 23 18 22 45 34 35 65 16 32 26 28
Inventory Days
Days Payable
Cash Conversion Cycle 7 23 18 22 45 34 35 65 16 32 26 28
Working Capital Days -96 -68 -30 -19 -9 -6 24 58 -6 22 9 110
ROCE % 11% 12% 15% 19% 16% 21% 13% 6% 13% 12% 16% 13%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
46.57% 46.58% 46.58% 46.58% 46.58% 46.58% 46.58% 46.58% 46.58% 46.55% 46.55% 46.55%
0.43% 0.58% 0.54% 0.50% 0.47% 0.39% 0.41% 0.40% 0.49% 0.92% 0.85% 0.81%
3.49% 1.93% 1.91% 1.54% 1.54% 2.02% 1.70% 1.59% 1.77% 3.14% 3.81% 3.84%
49.50% 50.92% 50.97% 51.38% 51.41% 51.02% 51.31% 51.43% 51.17% 49.38% 48.78% 48.79%
No. of Shareholders 17,08515,32814,84414,36414,10114,23614,14514,13214,27715,41515,91115,869

* 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.

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