Rane Engine Valve

₹374.1 1.3 | 0.3%

WEBSITE BSE:532988 NSE : RANE ENGVL 18 May, 12:50

Market Cap ₹271 Cr.

Stock P/E 23.6

P/B 2.2

Current Price ₹374.1

Book Value ₹ 167

Face Value 10

52W High ₹505.7

Dividend Yield 1.34%

52W Low ₹ 262

Edit Ratio

Rane Engine Valve Research see more...

Overview Inc. Year: 1972Industry: Auto Ancillary

Rane Engine Valve Ltd is a reputable company specializing in the manufacturing of engine valves and valve train components. With a rich heritage dating back to its establishment in 1959, Rane Engine Valve has established itself as a trusted supplier in the automotive industry. The company's product portfolio includes a wide range of valves and valve train components for passenger cars, commercial vehicles, and stationary engines. Rane Engine Valve prides itself on its commitment to quality, innovation, and customer satisfaction. The company employs advanced manufacturing techniques and stringent quality control processes to deliver high-performance, reliable products to its global customer base. It collaborates closely with leading automobile manufacturers and leverages its technical expertise to develop customized solutions that meet industry standards and specific requirements. With a strong focus on research and development, Rane Engine Valve continually invests in cutting-edge technologies and maintains a talented workforce to stay at the forefront of the industry. The company's dedication to excellence and its unwavering commitment to delivering superior products have earned it a strong reputation as a preferred partner in the automotive sector.

Rane Engine Valve Share Price

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Peer Comparison

Rane Engine Valve Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	98	109	115	123	124	136	138	143	136	150
Other Income	1	1	0	0	1	1	1	1	0	1
Total Income	99	109	115	123	125	137	139	144	137	151
Total Expenditure	94	100	112	115	117	120	127	135	125	134
Operating Profit	5	10	3	8	8	17	11	9	12	18
Interest	2	2	2	3	3	3	3	2	2	2
Depreciation	5	5	5	5	5	5	5	5	5	5
Exceptional Income / Expenses	-3	0	-1	-1	-2	-2	-1	-0	0	-4
Profit Before Tax	-5	3	-4	-0	-2	7	3	2	5	6
Provision for Tax	-2	3	-1	-0	-0	2	1	1	2	1
Profit After Tax	-3	-0	-3	-0	-2	5	2	1	4	5
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-3	-0	-3	-0	-2	5	2	1	4	5
Adjusted Earnings Per Share	-4.4	-0	-4.6	-0.1	-2.6	6.9	2.4	2	4.8	6.6

Rane Engine Valve Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	263	266	395	350	355	375	423	355	302	382	498	567
Other Income	3	1	4	3	2	2	2	3	3	3	2	3
Total Income	266	267	399	353	358	377	425	358	305	385	500	571
Total Expenditure	254	235	365	345	332	361	404	344	305	368	463	521
Operating Profit	12	32	34	7	25	16	21	14	-0	17	37	50
Interest	10	15	19	15	10	8	11	11	9	9	11	9
Depreciation	21	20	28	28	28	29	31	28	23	20	19	20
Exceptional Income / Expenses	-0	-40	45	17	90	0	0	0	22	-4	-7	-5
Profit Before Tax	-19	-44	31	-18	78	-21	-20	-25	-10	-15	0	16
Provision for Tax	-6	-14	8	-5	20	-4	-7	-9	-4	-3	0	5
Profit After Tax	-13	-29	23	-13	58	-17	-14	-16	-6	-12	-0	12
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-13	-29	23	-13	58	-17	-14	-16	-6	-12	-0	12
Adjusted Earnings Per Share	-24.5	-56.5	45.6	-18.7	85.8	-25.4	-20.2	-24.3	-9.1	-17.6	-0.1	15.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	30%	12%	6%	7%
Operating Profit CAGR	118%	38%	18%	12%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	29%	7%	-5%	6%
ROE Average	-0%	-6%	-8%	-4%
ROCE Average	5%	0%	-2%	2%

Rane Engine Valve Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	92	63	116	103	160	141	127	111	105	97	105
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	59	77	58	61	29	33	36	34	52	31	44
Other Non-Current Liabilities	50	36	54	46	47	63	58	50	49	47	47
Total Current Liabilities	93	106	158	138	111	135	166	144	129	166	185
Total Liabilities	294	282	387	348	347	372	388	338	335	341	382
Fixed Assets	150	133	173	161	141	132	125	109	92	82	86
Other Non-Current Assets	61	67	66	64	63	80	81	77	77	84	81
Total Current Assets	84	81	147	123	142	159	181	153	165	176	215
Total Assets	294	282	387	348	347	372	388	338	335	341	382

Rane Engine Valve Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	3	7	3	2	0	1	11	2	1	24	1
Cash Flow from Operating Activities	37	31	17	21	-4	15	2	28	21	-17	21
Cash Flow from Investing Activities	-28	-51	21	5	80	-20	-25	-7	17	-14	-19
Cash Flow from Financing Activities	-5	17	-39	-27	-76	15	15	-23	-15	8	6
Net Cash Inflow / Outflow	4	-3	-1	-1	1	10	-8	-2	23	-23	7
Closing Cash & Cash Equivalent	7	3	2	2	1	11	2	1	24	1	8

Rane Engine Valve Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-24.49	-56.49	45.59	-18.66	85.85	-25.39	-20.19	-24.32	-9.06	-17.65	-0.09
CEPS(Rs)	16.66	-16.87	100.66	22.32	127.14	17.78	25.24	17.49	25.16	12.11	27.22
DPS(Rs)	0	0	2.5	0	2.5	0	0	0	0	0	0
Book NAV/Share(Rs)	178.64	122.16	221.26	153.2	238.17	209.79	189.45	165.18	156.49	139	146.76
Core EBITDA Margin(%)	2.97	10.73	7.08	1.1	5.83	3.7	4.35	3.09	-1.04	3.66	6.89
EBIT Margin(%)	-3.23	-9.89	11.84	-0.76	22.33	-3.32	-2.28	-3.86	-0.28	-1.68	2.13
Pre Tax Margin(%)	-6.59	-15.06	7.38	-4.62	19.68	-5.45	-4.81	-7.04	-3.18	-3.88	0.03
PAT Margin (%)	-4.39	-10.06	5.5	-3.28	14.64	-4.4	-3.18	-4.55	-2	-3.06	-0.01
Cash Profit Margin (%)	2.99	-3.01	12.15	3.92	21.68	3.08	3.98	3.27	5.55	2.1	3.83
ROA(%)	-4.2	-10.1	7.03	-3.41	16.61	-4.75	-3.57	-4.5	-1.81	-3.51	-0.02
ROE(%)	-12.83	-37.56	26.55	-11.56	43.87	-11.33	-10.12	-13.71	-5.63	-11.95	-0.06
ROCE(%)	-4.5	-14.06	21.35	-1.13	35.96	-5.22	-3.82	-5.63	-0.38	-2.92	4.6
Receivable days	48.26	41.68	43.95	61.29	58.77	68.71	69.71	74.3	83.77	73.92	68.08
Inventory Days	49.42	44.9	40.34	50.89	44.22	50.23	59.29	79.46	78.96	67.85	65.32
Payable days	106.58	123.33	95.74	112.68	111.26	124.55	128.33	150.77	158.98	152.59	126.31
PER(x)	0	0	12.06	0	7.92	0	0	0	0	0	0
Price/Book(x)	0.8	1.26	2.49	2.94	2.85	2.31	2.44	0.82	1.67	1.73	1.39
Dividend Yield(%)	0	0	0.45	0	0.37	0	0	0	0	0	0
EV/Net Sales(x)	0.68	0.82	1.1	1.27	1.49	1.13	1.04	0.59	0.88	0.75	0.55
EV/Core EBITDA(x)	14.8	6.79	12.67	62.04	20.94	26.24	21.24	14.77	-2961.17	16.89	7.44
Net Sales Growth(%)	-14.42	1.2	48.61	-11.53	1.63	5.62	12.63	-16	-14.97	26.57	30.23
EBIT Growth(%)	-125.25	-208.86	276.5	-105.74	3135.17	-114.61	24.26	-42.09	93.79	-654.65	265.02
PAT Growth(%)	-160.71	-130.69	180.72	-153.41	560.05	-129.57	20.46	-20.41	62.73	-94.75	99.49
EPS Growth(%)	-160.71	-130.69	180.71	-140.93	560.05	-129.57	20.46	-20.41	62.73	-94.75	99.52
Debt/Equity(x)	1.2	2.25	1.34	1.39	0.52	0.77	1.04	1.09	1.09	1.37	1.32
Current Ratio(x)	0.91	0.76	0.93	0.89	1.29	1.18	1.09	1.07	1.28	1.06	1.16
Quick Ratio(x)	0.52	0.43	0.55	0.55	0.85	0.75	0.61	0.54	0.85	0.53	0.67
Interest Cover(x)	-0.96	-1.91	2.65	-0.2	8.42	-1.56	-0.91	-1.21	-0.1	-0.76	1.02
Total Debt/Mcap(x)	1.5	1.78	0.54	0.47	0.18	0.33	0.43	1.33	0.65	0.79	0.94

Rane Engine Valve Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	54.84	54.84	55.12	55.12	55.12	57.3	58.32	58.32	58.32	58.32
FII	0	0	0	0	0	0	0	0	0	0
DII	1.02	1.02	1.02	1.02	1.02	0.97	0.92	0.44	0.43	0.43
Public	44.13	44.13	43.86	43.86	43.86	41.73	40.76	41.25	41.26	41.26
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.37	0.37	0.37	0.37	0.37	0.4	0.42	0.42	0.42	0.42
FII	0	0	0	0	0	0	0	0	0	0
DII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0	0	0
Public	0.3	0.3	0.29	0.29	0.29	0.29	0.29	0.3	0.3	0.3
Others	0	0	0	0	0	0	0	0	0	0
Total	0.67	0.67	0.67	0.67	0.67	0.71	0.72	0.72	0.72	0.72

Pros

Debtor days have improved from 152.59 to 126.31days.

Cons

Company has a low return on equity of -6% over the 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.