Rane Brake Lining Ltd
₹ 1,000
-1.71%
13 Dec
- close price
About
Incorporated in 1964, Rane Brakes Ltd manufactures brake linings, disc pads, clutch facings, clutch buttons, brake shoes and railway brake blocks[1]
Key Points
- Market Cap ₹ 773 Cr.
- Current Price ₹ 1,000
- High / Low ₹ 1,370 / 643
- Stock P/E 16.7
- Book Value ₹ 360
- Dividend Yield 3.00 %
- ROCE 20.5 %
- ROE 15.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 57.5%
Cons
- Company has a low return on equity of 13.4% 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
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 365 | 370 | 399 | 427 | 466 | 482 | 514 | 471 | 424 | 506 | 599 | 661 | 684 | |
| 332 | 330 | 353 | 372 | 393 | 407 | 446 | 410 | 363 | 461 | 542 | 585 | 601 | |
| Operating Profit | 33 | 40 | 45 | 54 | 74 | 75 | 68 | 61 | 61 | 44 | 56 | 75 | 83 |
| OPM % | 9% | 11% | 11% | 13% | 16% | 16% | 13% | 13% | 14% | 9% | 9% | 11% | 12% |
| 3 | 2 | 2 | 3 | -11 | 3 | 6 | 10 | 11 | 12 | 8 | 1 | 2 | |
| Interest | 7 | 8 | 6 | 3 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 18 | 18 | 21 | 19 | 20 | 24 | 24 | 26 | 24 | 21 | 20 | 22 | 23 |
| Profit before tax | 11 | 17 | 21 | 35 | 43 | 55 | 49 | 45 | 47 | 35 | 45 | 54 | 62 |
| Tax % | 17% | -3% | 22% | 27% | 18% | 35% | 26% | 23% | 32% | 22% | 25% | 26% | |
| 9 | 17 | 16 | 26 | 35 | 36 | 37 | 34 | 32 | 27 | 33 | 40 | 45 | |
| EPS in Rs | 11.50 | 21.74 | 20.35 | 32.55 | 44.13 | 45.17 | 46.15 | 43.39 | 40.98 | 35.02 | 43.29 | 52.11 | 58.73 |
| Dividend Payout % | 35% | 34% | 34% | 31% | 34% | 34% | 34% | 39% | 61% | 57% | 58% | 58% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 5% |
| 3 Years: | 16% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 2% |
| 3 Years: | 9% |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 16% |
| 3 Years: | 8% |
| 1 Year: | 21% |
| Return on Equity | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 14% |
| 3 Years: | 13% |
| Last Year: | 15% |
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 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 94 | 104 | 114 | 130 | 159 | 180 | 202 | 221 | 230 | 235 | 253 | 273 | 271 |
| 90 | 81 | 52 | 27 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | |
| 70 | 75 | 82 | 91 | 105 | 123 | 146 | 131 | 146 | 156 | 113 | 119 | 125 | |
| Total Liabilities | 262 | 268 | 255 | 256 | 278 | 311 | 356 | 359 | 384 | 399 | 374 | 401 | 406 |
| 123 | 133 | 117 | 104 | 121 | 114 | 118 | 133 | 118 | 114 | 118 | 127 | 125 | |
| CWIP | 19 | 0 | 1 | 2 | 0 | 4 | 2 | 0 | 2 | 3 | 4 | 7 | 9 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 24 | 6 | 2 |
| 120 | 134 | 137 | 149 | 156 | 193 | 235 | 226 | 264 | 280 | 227 | 261 | 270 | |
| Total Assets | 262 | 268 | 255 | 256 | 278 | 311 | 356 | 359 | 384 | 399 | 374 | 401 | 406 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 33 | 29 | 45 | 52 | 62 | 48 | 44 | 73 | 46 | 11 | 49 | 29 | |
| -35 | -10 | -5 | -8 | -34 | -19 | -25 | -35 | -10 | -18 | -48 | -13 | |
| 1 | -17 | -43 | -44 | -28 | -21 | -15 | -15 | -24 | -22 | -16 | -20 | |
| Net Cash Flow | -0 | 2 | -2 | 0 | -1 | 8 | 4 | 24 | 12 | -28 | -14 | -3 |
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 | 75 | 85 | 81 | 85 | 78 | 91 | 100 | 76 | 112 | 99 | 67 | 81 |
| Inventory Days | 54 | 55 | 49 | 54 | 58 | 56 | 73 | 102 | 118 | 137 | 100 | 94 |
| Days Payable | 91 | 94 | 91 | 124 | 138 | 142 | 161 | 151 | 205 | 169 | 71 | 64 |
| Cash Conversion Cycle | 38 | 45 | 39 | 16 | -1 | 6 | 12 | 27 | 24 | 66 | 97 | 112 |
| Working Capital Days | 36 | 39 | 35 | 42 | 32 | 38 | 43 | 35 | 51 | 67 | 61 | 74 |
| ROCE % | 10% | 13% | 15% | 23% | 35% | 31% | 25% | 20% | 20% | 15% | 18% | 21% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 9 Dec
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
9 Dec - Approval of commission and re-appointment via postal ballot.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 4 Dec
- Shareholder Meeting / Postal Ballot-Outcome of Court Convened Meeting 21 Nov
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 21 Nov
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
from nse
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Financial Year 2011
from bse
Concalls
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Nov 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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Dec 2017TranscriptNotesPPT
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Jun 2017TranscriptNotesPPT
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Feb 2017TranscriptNotesPPT
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Jun 2016TranscriptNotesPPT
Business Overview:[1]
RBL is a part of the Rane Group. It is an ISO 9001:2015, IATF16949: 2016, ISO 14001:2015 & OHSAS-18001:2015 & ISO/IEC 27001:2013
certified manufacturer and exporter of friction products. Company has technical collaboration with Nisshinbo Brakes Inc., Japan for know-how in asbestos-free brake linings, disc pads & clutch facings.