Rane Holdings

₹1278 -25.9 | 2%

WEBSITE BSE:505800 NSE : RANE HOLDIN 10 May, 16:01

Market Cap ₹1825 Cr.

Stock P/E 24.8

P/B 2.1

Current Price ₹1278

Book Value ₹ 614.9

Face Value 10

52W High ₹1499.8

Dividend Yield 1.33%

52W Low ₹ 874.2

Edit Ratio

Rane Holdings Research see more...

Overview Inc. Year: 1936Industry: Finance - Investment

Rane Holdings Ltd, together with its subsidiaries, manufactures and markets automotive components for the transportation industry in India and the world over. It offers steering and suspension systems comprising manual steering gears, steering linkages, suspension additives, hydraulic merchandise, power steering fluid- electricity cruises, intermediate shafts, and universal joint assemblies; hydraulic power rack and pinion steerage equipment, power steering tools, and power steering pump assemblies; and electric powered steering, strong steerage, electricity absorbing and collapsible, and tilt and telescopic guidance columns. The employer additionally affords valve train components, including engine valves, and valve guides and mechanical tappets; friction fabric products, such as brake linings, disc pads, railways brake blocks, clutch facings, and industrial automobile and sintered brake pads; and occupant safety structures, inclusive of seat belts and air bags. In addition, it offers light steel casting merchandise comprising hydraulic pinion housings, pump housings, EPAS outboard and pinion housings, luminaries, timing case covers, engine oil sumps, gear cases, brake and transmission housings, and battery housings; telematics solutions; and aftermarket merchandise inclusive of chassis and engine components. Further, the employer provides and linked mobility solutions, as well as exports its products. It in general serves passenger and business vehicles, farm tractors, two-wheelers, and railways and stationary engines segments. The company became formerly referred to as Rane (Madras) Ltd and changed its call to Rane Holdings Ltd in July 2004. It became founded in 1929 and is centred in Chennai, India.

Rane Holdings Share Price

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Peer Comparison

Rane Holdings Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	692	681	783	817	879	874	938	894	928	837
Other Income	5	22	9	4	4	32	11	3	2	4
Total Income	697	703	792	821	884	906	948	898	931	841
Total Expenditure	650	645	718	763	817	796	834	817	858	747
Operating Profit	47	59	74	58	67	109	114	81	73	94
Interest	9	10	8	8	11	14	17	19	17	18
Depreciation	32	32	33	33	33	36	40	35	35	32
Exceptional Income / Expenses	8	5	-1	-1	-1	-5	-11	-20	-82	0
Profit Before Tax	14	22	32	15	22	55	46	7	-62	44
Provision for Tax	11	8	21	10	12	17	12	5	-97	11
Profit After Tax	4	14	11	5	10	38	35	2	35	33
Adjustments	12	-4	-29	15	10	3	-54	11	5	6
Profit After Adjustments	15	10	-19	20	20	41	-19	13	41	39
Adjusted Earnings Per Share	10.5	6.7	-13.1	14	14.1	28.7	-13.2	8.9	28.5	27.3

Rane Holdings 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	2075	2066	2368	2583	2232	2342	2549	2155	2035	2677	3508	3597
Other Income	23	19	22	24	42	17	21	30	22	37	29	20
Total Income	2098	2084	2391	2607	2274	2359	2570	2185	2057	2715	3537	3618
Total Expenditure	1902	1868	2147	2352	2024	2101	2318	2014	1923	2512	3189	3256
Operating Profit	196	217	244	255	250	258	253	171	134	203	349	362
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	142
Exceptional Income / Expenses	-1	-52	42	13	76	14	-16	-2	22	41	-18	-113
Profit Before Tax	77	38	133	109	176	109	60	-10	-4	74	138	35
Provision for Tax	28	-7	37	32	79	87	80	0	29	39	51	-69
Profit After Tax	49	45	96	78	97	22	-19	-10	-33	35	87	105
Adjustments	-11	-2	-25	-12	37	108	123	7	-18	-11	-25	-32
Profit After Adjustments	38	43	71	66	133	130	104	-3	-51	24	62	74
Adjusted Earnings Per Share	26.9	30.4	49.7	45.9	93.4	91.2	72.6	-1.9	-35.4	16.9	43.6	51.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	31%	18%	8%	5%
Operating Profit CAGR	72%	27%	6%	6%
PAT CAGR	149%	0%	32%	6%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	33%	31%	1%	20%
ROE Average	11%	4%	2%	7%
ROCE Average	12%	7%	6%	11%

Rane Holdings 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	451	478	544	591	713	804	866	822	764	776	808
Minority's Interest	165	159	193	191	237	258	254	230	221	229	243
Borrowings	158	171	143	248	189	206	193	258	311	324	335
Other Non-Current Liabilities	39	181	213	234	20	13	33	28	35	37	28
Total Current Liabilities	558	623	747	842	681	792	864	796	913	1066	1139
Total Liabilities	1371	1612	1840	2106	1841	2072	2210	2134	2244	2434	2552
Fixed Assets	707	745	809	980	780	805	797	805	801	843	866
Other Non-Current Assets	100	278	334	327	359	449	522	555	530	494	450
Total Current Assets	563	589	696	799	701	819	890	774	913	1097	1237
Total Assets	1371	1612	1840	2106	1841	2072	2210	2134	2244	2434	2552

Rane Holdings 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	25	26	26	24	7	12	28	35	59	59	25
Cash Flow from Operating Activities	208	128	198	174	160	132	110	180	132	15	186
Cash Flow from Investing Activities	-123	-111	-120	-157	-26	-66	-87	-124	-96	-114	-152
Cash Flow from Financing Activities	-84	-17	-80	-20	-129	-50	-16	-33	-36	65	-14
Net Cash Inflow / Outflow	1	0	-2	-3	5	16	7	24	0	-34	20
Closing Cash & Cash Equivalent	26	26	24	21	12	28	36	59	59	25	46

Rane Holdings 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)	26.88	30.42	49.68	45.9	93.4	91.24	72.64	-1.9	-35.41	16.9	43.61
CEPS(Rs)	89.57	90.41	141.39	134.12	141.93	97.79	74.97	82.42	61.17	114.78	160.39
DPS(Rs)	8	6.5	7.5	10	8.5	14.5	19	8	0	12	17
Book NAV/Share(Rs)	315.81	334.97	381.01	413.7	499.52	563	606.21	575.85	535.36	543.57	565.74
Core EBITDA Margin(%)	8.33	9.59	9.35	8.95	9.3	10.29	9.08	6.55	5.51	6.19	9.11
EBIT Margin(%)	5.61	3.9	7.6	5.99	9.83	6.6	4.32	1.92	1.75	4.02	5.35
Pre Tax Margin(%)	3.7	1.82	5.63	4.23	7.87	4.65	2.37	-0.44	-0.2	2.75	3.93
PAT Margin (%)	2.36	2.18	4.06	3.01	4.34	0.94	-0.75	-0.47	-1.62	1.31	2.49
Cash Profit Margin (%)	6.16	6.25	8.53	7.41	9.08	5.96	4.2	5.46	4.29	6.12	6.53
ROA(%)	3.55	3.01	5.57	3.94	4.91	1.12	-0.89	-0.46	-1.51	1.5	3.5
ROE(%)	11.13	9.68	18.82	13.69	14.85	2.89	-2.28	-1.19	-4.16	4.55	11.02
ROCE(%)	14.21	9.23	18.74	14.09	18.59	12.45	8.01	2.86	2.48	7.24	11.68
Receivable days	49.71	50.96	50.91	55.49	64.13	63.28	67.02	71.08	75.83	72.37	63.34
Inventory Days	34.87	35.25	33.5	35.24	38.63	35.7	39.49	50.78	51.7	46.37	43.52
Payable days	78.93	80.49	77.54	85.35	121.13	111.07	104.99	125.08	140.88	125.1	95.07
PER(x)	6.13	6.22	11.75	11.88	9.62	26.85	16.45	0	0	34.79	19.78
Price/Book(x)	0.52	0.57	1.53	1.32	1.8	4.35	1.97	0.57	1.1	1.08	1.52
Dividend Yield(%)	4.86	3.43	1.29	1.83	0.95	0.59	1.59	2.43	0	2.04	1.97
EV/Net Sales(x)	0.28	0.33	0.54	0.53	0.77	1.7	0.88	0.48	0.71	0.59	0.58
EV/Core EBITDA(x)	3.01	3.13	5.29	5.31	6.91	15.38	8.9	6.09	10.77	7.82	5.84
Net Sales Growth(%)	2.36	-0.45	14.64	9.07	-13.59	4.93	8.85	-15.45	-5.56	31.54	31.04
EBIT Growth(%)	-35.09	-30.83	123.69	-14.02	41.77	-29.54	-28.73	-62.39	-13.83	201.74	74.14
PAT Growth(%)	-51.8	-8.02	114.01	-19.27	24.67	-77.39	-187.03	47.17	-227.81	206.21	149.03
EPS Growth(%)	-46.48	13.18	63.31	-7.61	103.49	-2.31	-20.39	-102.62	-1759.19	147.74	157.95
Debt/Equity(x)	0.85	0.9	0.86	1	0.65	0.63	0.67	0.77	0.86	1	1.06
Current Ratio(x)	1.01	0.95	0.93	0.95	1.03	1.03	1.03	0.97	1	1.03	1.09
Quick Ratio(x)	0.65	0.63	0.62	0.64	0.72	0.72	0.68	0.6	0.69	0.65	0.7
Interest Cover(x)	2.94	1.88	3.86	3.4	5.03	3.37	2.22	0.81	0.9	3.15	3.77
Total Debt/Mcap(x)	1.64	1.59	0.56	0.76	0.36	0.14	0.34	1.35	0.78	0.93	0.69

Rane Holdings Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	46.4	46.57	46.57	46.57	46.57	46.57	46.57	46.57	46.57	46.57
FII	0.24	0.36	0.43	0.58	0.54	0.5	0.47	0.39	0.41	0.4
DII	4.49	3.64	3.49	1.94	1.92	1.54	1.54	2.02	1.7	1.59
Public	48.87	49.42	49.5	50.91	50.97	51.38	51.42	51.02	51.32	51.43
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	0.66	0.66	0.66	0.66	0.66	0.66	0.66	0.66	0.66	0.66
FII	0	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
DII	0.06	0.05	0.05	0.03	0.03	0.02	0.02	0.03	0.02	0.02
Public	0.7	0.71	0.71	0.73	0.73	0.73	0.73	0.73	0.73	0.73
Others	0	0	0	0	0	0	0	0	0	0
Total	1.43	1.43	1.43	1.43	1.43	1.43	1.43	1.43	1.43	1.43

Pros

Company has delivered good profit growth of 31% CAGR over last 5 years
Debtor days have improved from 125.1 to 95.07days.

Cons

Promoter holding is low: 46.57%.
Company has a low return on equity of 4% 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.

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Rane Holdings

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Rane Holdings Research see more...

Overview Inc. Year: 1936Industry: Finance - Investment

Rane Holdings Share Price

Alert Data

Quarterly Price

Peer Comparison

Rane Holdings Quarterly Results

Rane Holdings Profit & Loss

Growth Rates

Rane Holdings Balance Sheet

Rane Holdings Cash Flow

Rane Holdings Ratios

Rane Holdings Shareholding Pattern

Rane Holdings News

Top Unlisted Companies & InstaBuy Companies

SBI Mutual Fund

Orbis Financial

Orbis Financial

IPO

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