Rane Holdings Ltd

Rane Holdings Ltd

₹ 1,781 -1.27%
12 Jul - 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

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]

  • Market Cap 2,543 Cr.
  • Current Price 1,781
  • High / Low 1,888 / 895
  • Stock P/E 14.3
  • Book Value 635
  • Dividend Yield 1.40 %
  • ROCE 13.0 %
  • ROE 20.7 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 46.3%

Cons

  • Stock is trading at 2.81 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 10.6% 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
670 521 692 681 783 817 879 874 938 894 928 837 870
639 509 650 648 741 763 817 796 877 817 858 747 787
Operating Profit 31 12 42 33 42 54 62 78 61 78 70 90 83
OPM % 5% 2% 6% 5% 5% 7% 7% 9% 6% 9% 8% 11% 10%
5 46 27 27 8 18 17 40 -0 -6 -64 19 14
Interest 7 7 9 10 8 8 11 14 17 19 17 18 17
Depreciation 31 31 32 32 33 33 33 36 40 35 35 32 35
Profit before tax -3 20 27 18 8 31 35 68 3 18 -46 59 45
Tax % -645% -6% 39% 43% 252% 33% 34% 25% 331% 31% 212% 18% 15%
-20 21 17 11 -13 21 23 51 -8 12 51 48 38
EPS in Rs -15.63 12.72 10.54 6.74 -13.10 14.04 14.08 28.69 -13.20 8.94 28.46 27.29 21.99
Raw PDF
Upcoming result date: 2 August 2024

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,938 1,928 2,211 2,407 2,258 2,345 2,553 2,159 2,038 2,695 3,511 3,537
1,765 1,729 1,988 2,174 2,023 2,101 2,318 2,013 1,951 2,519 3,190 3,208
Operating Profit 173 198 223 233 235 244 236 146 87 176 321 329
OPM % 9% 10% 10% 10% 10% 10% 9% 7% 4% 7% 9% 9%
22 -34 62 36 176 155 136 23 41 61 9 -45
Interest 40 43 47 45 44 46 50 51 40 34 50 71
Depreciation 79 84 106 114 106 118 126 128 120 129 142 137
Profit before tax 77 38 133 109 261 235 195 -10 -31 74 138 76
Tax % 36% -20% 28% 29% 30% 37% 41% -5% -93% 52% 37% -98%
49 47 97 79 182 149 116 -10 -60 35 87 150
EPS in Rs 26.88 30.42 49.69 45.90 93.41 91.25 72.65 -1.91 -35.42 16.91 43.61 86.69
Dividend Payout % 30% 21% 15% 22% 9% 16% 26% -420% 0% 71% 39% 29%
Compounded Sales Growth
10 Years: 6%
5 Years: 7%
3 Years: 20%
TTM: 1%
Compounded Profit Growth
10 Years: 9%
5 Years: 10%
3 Years: 66%
TTM: 155%
Stock Price CAGR
10 Years: 16%
5 Years: 13%
3 Years: 37%
1 Year: 62%
Return on Equity
10 Years: 8%
5 Years: 5%
3 Years: 11%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 437 464 530 576 699 790 851 808 750 762 794 892
385 429 470 596 459 501 577 633 661 788 866 853
535 532 636 703 670 773 778 708 845 896 914 885
Total Liabilities 1,371 1,439 1,649 1,889 1,842 2,078 2,221 2,163 2,271 2,460 2,588 2,645
707 745 809 980 780 805 798 806 801 843 866 799
CWIP 41 30 55 21 32 28 33 52 34 28 38 45
Investments 17 26 32 28 307 347 387 369 379 353 345 373
606 638 753 860 722 897 1,003 937 1,056 1,236 1,339 1,428
Total Assets 1,371 1,439 1,649 1,889 1,842 2,078 2,221 2,163 2,271 2,460 2,588 2,645

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
208 128 198 174 160 132 110 180 132 15 186 233
-121 -111 -120 -157 -26 -66 -87 -124 -96 -114 -152 -105
-84 -17 -80 -20 -129 -50 -16 -33 -36 65 -14 -138
Net Cash Flow 3 0 -2 -3 5 16 7 24 0 -34 20 -9

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 51 58 59 65 58 71 69 61 87 78 67 62
Inventory Days 65 67 70 71 76 76 82 104 99 100 85 82
Days Payable 83 89 88 101 115 122 103 116 163 125 94 82
Cash Conversion Cycle 34 35 40 35 18 25 47 49 23 53 57 62
Working Capital Days 26 21 25 30 27 37 42 49 47 60 57 57
ROCE % 12% 13% 12% 11% 17% 18% 16% 3% -1% 4% 11% 13%

Shareholding Pattern

Numbers in percentages

2 Recently
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

Concalls