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Rane Brake Lining Ltd. - (Amalgamated) (RBL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532987 NSE: RBL Auto Ancillary | Small Cap | Rane Brake Amalgamat Share Price

₹744.55 0.00 (0.00%)

As on 21-Apr'25 16:59

Rane Brake Lining Ltd. - (Amalgamated) (RBL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532987 NSE: RBL Auto Ancillary | Small Cap | Rane Brake Amalgamat Share Price

₹744.55 0.00 (0.00%)

As on 21-Apr'25 16:59

Key Metrics
Valuation Multiples
Market Cap
₹576 Cr.
Current Price
₹744.6
52-Week Low / High
₹730 / 758
TTM EPS
₹57.9
TTM Sales
₹705 Cr.
Book Value per Share
₹372.5
P/E Ratio
12.86
Lower than its 5-year historical median
Industry PE
42.9
Price to Book (P/B)
2.00
Lower than its 5-year historical median
Price to Sales (P/S)
0.82
Lower than its 5-year historical median
EV/EBITDA
6.65
Lower than its 5-year historical median
Dividend Yield
4.21%
Profitability Efficiency
Return on Equity (ROE)
14.86%
Return on Capital Employed (ROCE)
20.09%
Return on Assets (ROA)
10.40%
Operating Profit Margin
11.5%
Net Profit Margin
6.1%
Gross Profit Margin
11.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
10.36%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
33.75%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
20.38%
Asset Quality
Promoter Holding
70.93%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹280 Cr.
Equity
₹7.7 Cr.
Face Value
₹10
All Time Low / High
₹34.20 / 1447.00

Rane Brake Lining . - (Amalgamated) stock performance

Key Ratios
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10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Rane Brake Lining Ltd. - (Amalgamated) has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 14.5%22.9%25.7%29.3%23.1%18.9%19.6%14.4%17.7%20.1%-
Value Creation
Index
0.00.60.81.10.70.40.40.00.30.4-

Growth Parameters

Sales 416448466482514471424506599661705
Sales YoY Gr.-7.7%3.9%3.5%6.6%-8.4%-10%19.3%18.5%10.4%-
Adj EPS 20.332.657.146.847.643.541.835.94453.657.9
YoY Gr.-60.2%75.5%-18.1%1.7%-8.6%-3.8%-14.1%22.4%22%-
BVPS (₹) 153.9174.4210.8237.9265.2289.3306.7314.2337.9363.6372.5
Adj Net
Profit
16.125.845.237.137.734.432.427.83441.545
Cash Flow from Ops. 45.352.261.648.544.373.446.411.449.329.3-
Debt/CF from Ops. 1.10.50.10.30.40.20000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5.3%5.2%16%10.4%
Adj EPS 11.4%2.4%8.6%22%
BVPS10%6.5%5.8%7.6%
Share Price 7% -4.2% -0.4% -

Key Financial Parameters

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
13.819.929.720.918.915.713.911.613.515.315.7
Op. Profit
Mgn %
10.912.115.715.613.312.9148.89.511.511.8
Net Profit
Mgn %
3.95.89.77.77.37.37.75.55.76.36.4
Debt to
Equity
0.40.200.10.10.10000-
Working Cap
Days
15312510015821625028121514012764
Cash Conv.
Cycle
4032111929373751637535

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales416.41448.42466.11482.29513.89470.98423.88505.55598.80660.83
Operating Expenses + 370.92394.01392.89407.25446.11410.44365.38461.42542.44585.45
Manufacturing Costs55.1558.0661.8160.3265.1766.0661.2257.0266.7867.28
Material Costs195.93198.69214.46223.96242.93215.86193.81268.92329.73362.11
Employee Cost 60.7870.0766.5965.9975.2476.6364.8078.7783.5087.22
Other Costs 59.0667.1950.0356.9862.7751.8945.5556.7162.4368.84
Operating Profit 45.4954.4173.2275.0467.7860.5458.5044.1356.3675.38
Operating Profit Margin (%) 10.9%12.1%15.7%15.6%13.2%12.9%13.8%8.7%9.4%11.4%
Other Income + 2.083.244.475.367.0810.4513.3412.648.272.14
Exceptional Items 00-14.71-1.64-0.9100-0.660-1.22
Interest 6.023.260.780.160.390.020.480.020.050.03
Depreciation 20.9518.9119.5023.7124.2526.2924.4221.422021.84
Profit Before Tax 20.6035.4842.7054.8949.3144.6846.9434.6744.5854.43
Tax 4.499.727.7719.1412.7810.3415.147.6011.1214.15
Profit After Tax 16.1125.7634.9335.7536.5334.3431.8027.0733.4640.28
PAT Margin (%) 3.9%5.7%7.5%7.4%7.1%7.3%7.5%5.4%5.6%6.1%
Adjusted EPS (₹)20.432.644.245.246.243.441.035.043.352.1
Dividend Payout Ratio (%)34.40%30.70%34%34.30%33.60%39.20%60.90%57.10%57.80%57.60%

Valuation of Rane Brake Amalgamat - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund + 121.70137.93166.77188.21209.77228.82237.66242.84261.18281.08
Share Capital 7.917.917.917.917.917.917.757.737.737.73
Reserves 113.79130.02158.86180.30201.86220.91229.91235.11253.45273.35
Debt +34.6621.495.990.120.0700000
Long Term Debt10.514.6600000000
Short Term Debt24.1516.835.990.120.0700000
Minority Interest0000000000
Trade Payables50.7170.4484.5591.24111.4993.11113.71124.8663.8563.15
Others Liabilities 114.4226.0220.44142.24159.93172.19179.9231.2549.1256.49
Total Liabilities 321.49255.88277.75421.81481.26494.12531.29398.95374.15400.72

Fixed Assets

Net Fixed Assets +117.06104.32120.82114.16118.37132.67117.90113.85118.22126.94
Gross Block290.13283.84140.32156.21184.67225.14234.45251.70275.68305.41
Accumulated Depreciation173.07179.5219.5042.0566.3092.47116.55137.85157.46178.47
CWIP 0.581.840.423.631.930.491.663.404.387
Investments 0.370.370.3700.600.600.601.3524.075.96
Inventories27.2130.9235.5236.0550.9063.0265.28100.7490.7893.50
Trade Receivables88.7699.44100.25120.83140.4197.45129.79137.28109.80147.04
Cash Equivalents 1.481.931.289.6313.8737.5449.5021.017.114.27
Others Assets 86.0317.0619.09137.51155.18162.35166.5621.3219.7916.01
Total Assets 321.49255.88277.75421.81481.26494.12531.29398.95374.15400.72

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity + 45.3052.2461.5948.5044.3073.3946.3811.3549.3429.29
PBT 20.6035.4842.7054.8949.3144.6846.9434.6744.5854.43
Adjustment 26.4721.9622.5422.7123.5523.7420.3022.0614.2320.77
Changes in Working Capital 3.295.195.85-9.49-10.613.79-8-35.743.92-34.13
Tax Paid -5.06-10.39-9.50-19.61-17.96-8.82-12.86-9.64-13.39-11.78
Cash Flow From Investing Activity + -5.04-7.55-34.29-19.35-24.84-35.26-10.32-18.12-47.96-12.65
Capex -5.24-7.760.05-20.27-26.40-38.18-12.28-18.23-25.95-31.84
Net Investments 00-34.980.37-0.6000-0.75-22.7218.11
Others 0.200.210.640.552.162.921.960.860.711.08
Cash Flow From Financing Activity + -42.73-44.09-27.95-20.80-15.21-14.53-24.12-21.72-15.64-19.53
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -16.30-13.1000000000
Interest Paid -5.72-4.04-0.89-0.16-0.39-0.02-0.25-0.02-0.05-0.03
Dividend Paid -6.97-16.18-5.72-14.77-14.77-14.28-8.71-19.32-15.46-19.32
Others -13.74-10.77-21.34-5.87-0.05-0.23-15.16-2.38-0.13-0.18
Net Cash Flow -2.470.60-0.658.354.2523.6011.94-28.49-14.26-2.89

Financial Ratio

PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)13.7719.8422.9320.1418.3615.6613.6311.2713.2814.86
ROCE (%)14.5422.8925.7329.2723.1118.9419.6314.4417.7120.09
Asset Turnover Ratio1.451.762.081.481.210.871.131.611.77
PAT to CFO Conversion(x)2.812.031.761.361.212.141.460.421.470.73
Working Capital Days
Receivable Days67.8067.4065.8077.7088.2088.7093.2092.5072.3068.50
Inventory Days21.4020.8021.9025.2029.4042.5052.6057.505649.20
Payable Days92.10111.30131.90143.30152.30173194.80161.90104.5064

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Rane Brake Lining Ltd. - (Amalgamated) FAQs

The current trading price of Rane Brake Amalgamat on 21-Apr-2025 16:59 is ₹744.5.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Apr-2025 the market cap of Rane Brake Amalgamat stood at ₹575.5 Cr

The latest P/E ratio of Rane Brake Amalgamat as of 20-Apr-2025 is 12.86.

The latest P/B ratio of Rane Brake Amalgamat as of 20-Apr-2025 is 2.00.

The 52-week high of Rane Brake Amalgamat is ₹758.3 and the 52-week low is ₹730.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rane Brake Amalgamat is ₹705 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Rane Brake Lining Ltd. - (Amalgamated) is a good quality company.

The key valuation ratios of Rane Brake Lining Ltd. - (Amalgamated)'s currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

No data found

About Rane Brake Lining Ltd. - (Amalgamated)

Rane Brake Lining, a Rane Group company, was established in 1964 in technical and financial collaboration with Nisshinbo Industries, Japan for manufacturing asbestos-free Brake Linings, Disc Pads and Clutch Facings, having application in every segment of the automobile industry.

The company is a market leader in India .Exporting to more than 15 countries .Research and development is prime thrust area .Dedicated facility for new product development for critical applications including aerospace.

Rane group established in the year 1929 as a trading house and serves a variety of industry segments: Passenger Cars, Multi Utility Vehicles, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Farm Tractors, Three-wheelers, Two-wheelers and Stationary Engines through one of its holding company & 7 manufacturing companies.

The products of the company are consistently updated in tune with evolving customer demands .Green Material Policy is evolved to ensure products meet stringent  eco norms .Design centre has Computer Aided Design (CAD) and sophisticated test equipment like full-scale inertia dynamometer, thermo gravimetric analyser, pyrolysis gas chromatograph etc.

The complete spectrums of products from RBL are manufactured in 4 plants located at Chennai, Hyderabad and Puducherry and Trichy. Products are routed through stringent quality norms to match expectations. The plant at Puducherry is anexclusive Asbestos Free Facility.

Chennai plant Automotive products: Brake linings, disc pads and clutch facings. Railway products: Railway brake blocks.  

Hyderabad plant Automotive products: Brake linings & clutch facings.Railway products: Railway brake blocks.  

Puducherry plant Automotive products: Brake linings disc pads & cord woven clutch facings. Railway products: Railway brake blocks.  

Trichy plant Automotive products: Disc pads.

Products manufactured by the company include:

  • Brake Linings  
  • Disc Pads  
  • Clutch Facings  
  • Rail Brake Blocks 
  • CV Brake Pads   
  • Sintered Brake Pads

Achievements/ recognition:

Accredited with ISO 9001:2000, TS 16949 and ISO 14001:2000 certifications.

Deming Application Prize winner in the year 2003.

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