Rane Holdings Ltd

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

Rane Holdings Ltd

₹ 1,323 -1.05%
30 Apr - close price
ranegroup.com BSE: 505800 NSE : RANEHOLDIN
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

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]

Website BSE NSE
  • Market Cap ₹ 1,889 Cr.
  • Current Price ₹ 1,323
  • High / Low ₹ 1,388 / 873
  • Stock P/E 26.2
  • Book Value ₹ 395
  • Dividend Yield 1.29 %
  • ROCE 11.5 %
  • ROE 9.72 %
  • Face Value ₹ 10.0
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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 33.6%

Cons

  • Stock is trading at 3.35 times its book value
  • The company has delivered a poor sales growth of 3.99% over past five years.
  • Company has a low return on equity of 7.35% 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: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
17 17 16 33 19 21 29 40 24 25 26 69 26
8 7 8 9 9 9 10 12 12 13 13 14 13
Operating Profit 9 10 8 25 9 12 19 28 12 12 13 55 13
OPM % 51% 58% 49% 74% 51% 57% 67% 70% 50% 49% 50% 80% 50%
0 -15 0 0 2 0 0 0 0 -3 -3 0 2
Interest 1 1 2 1 2 1 1 1 1 1 1 1 1
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 8 -7 6 23 9 10 17 26 9 7 8 53 12
Tax % 22% -126% 18% 24% 62% 15% 17% 17% 18% 22% 20% 15% 15%
6 -17 5 17 3 9 14 21 7 5 6 45 11
EPS in Rs 4.25 -11.62 3.26 12.00 2.44 6.02 9.99 14.76 5.22 3.85 4.19 31.79 7.38
Raw PDF
Upcoming result date: 15 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
64 58 53 60 76 99 97 128 98 66 109 118 146
23 23 24 26 30 31 35 38 35 29 35 46 53
Operating Profit 41 34 29 34 46 67 62 91 62 37 74 72 94
OPM % 64% 60% 54% 57% 61% 68% 64% 71% 64% 56% 68% 61% 64%
0 0 0 0 0 -0 0 0 0 -15 -18 -3 -4
Interest 2 1 0 0 2 3 2 2 2 3 6 6 5
Depreciation 0 1 1 1 1 1 1 1 3 3 3 4 5
Profit before tax 38 33 28 33 43 63 59 87 57 15 48 59 80
Tax % 10% 20% 22% 21% 17% 21% 17% 13% 11% 91% 29% 18%
34 26 22 26 36 50 49 76 51 1 34 48 67
EPS in Rs 23.99 18.18 15.22 18.15 24.97 34.88 34.17 53.48 35.59 0.95 23.73 33.83 47.21
Dividend Payout % 42% 44% 43% 41% 40% 24% 42% 36% 22% -0% 51% 50%
Compounded Sales Growth
10 Years: 7%
5 Years: 4%
3 Years: 6%
TTM: 29%
Compounded Profit Growth
10 Years: 7%
5 Years: 1%
3 Years: 0%
TTM: 40%
Stock Price CAGR
10 Years: 21%
5 Years: 2%
3 Years: 31%
1 Year: 42%
Return on Equity
10 Years: 11%
5 Years: 10%
3 Years: 7%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 231 244 255 269 289 335 367 417 445 454 491 522 550
14 3 -0 -0 27 15 28 19 33 77 70 58 48
13 14 18 19 8 7 7 11 10 16 16 17 19
Total Liabilities 271 275 287 302 338 372 417 461 502 562 591 612 631
47 52 52 51 90 89 88 88 105 103 102 106 66
CWIP 1 -0 -0 -0 -0 2 4 10 0 -0 1 -0 0
Investments 204 205 216 235 231 252 302 337 373 434 475 479 500
19 19 20 16 16 29 23 27 24 24 13 27 65
Total Assets 271 275 287 302 338 372 417 461 502 562 591 612 631

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
36 30 22 22 38 25 45 69 54 27 47 54
-5 -4 -5 -8 -37 -2 -42 -30 -40 -62 -33 -15
-31 -23 -11 -10 -3 -20 -6 -40 -13 34 -14 -37
Net Cash Flow 1 2 7 3 -3 2 -3 -0 1 -1 -0 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 16 5 7 23 18 22 45 34 35 65 16 32
Inventory Days
Days Payable
Cash Conversion Cycle 16 5 7 23 18 22 45 34 35 65 16 32
Working Capital Days -101 -70 -96 -68 -30 -19 -9 -6 24 54 -6 22
ROCE % 16% 13% 11% 12% 15% 19% 16% 21% 13% 6% 13% 12%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
46.40% 46.40% 46.40% 46.57% 46.57% 46.58% 46.58% 46.58% 46.58% 46.58% 46.58% 46.58%
0.02% 0.12% 0.24% 0.36% 0.43% 0.58% 0.54% 0.50% 0.47% 0.39% 0.41% 0.40%
10.65% 8.15% 4.49% 3.65% 3.49% 1.93% 1.91% 1.54% 1.54% 2.02% 1.70% 1.59%
42.93% 45.33% 48.87% 49.42% 49.50% 50.92% 50.97% 51.38% 51.41% 51.02% 51.31% 51.43%
No. of Shareholders 15,89818,99218,06618,57617,08515,32814,84414,36414,10114,23614,14514,132

* 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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