Rane Brake Lining Ltd Stock Analysis

BSE: 532987 | NSE: RBL | Auto Ancillary | Small Cap

BSE Share Price Jan 20, 18:01
810.35 -5.60 (-0.69%)

DeciZen - Make an Informed Decision on Rane Brake Lining

Overall Rating

1. Quality

2. Valuation

Fair
P/E P/S EV/EBITDA

3. Price Trend

FAQ's

1. Is Rane Brake Lining Ltd a good quality company?

Data is not available for this company.

2. Is Rane Brake Lining Ltd undervalued or overvalued?

The key valuation ratios of Rane Brake Lining Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Rane Brake Lining Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Rane Brake Lining Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Rane Brake Lining:

Analysis of Financial Track Record

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.

Value Creation

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 12.6%7.6%11.7%11.1%16.6%27.1%19.8%17.6%14.6%13.1%-
Value Creation Index -0.1-0.5-0.2-0.20.20.90.40.30.0-0.1-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 359376384416448466482514471423497
YoY Gr. Rt. %-4.8%2%8.4%7.7%3.9%3.5%6.6%-8.4%-10.1%-
Adj EPS 20.511.421.720.332.657.146.847.643.541.844.4
YoY Gr. Rt. %--44.1%90.1%-6.5%60.2%75.5%-18.1%1.7%-8.6%-3.8%-
BVPS (₹) 122.1129141.9153.9174.4210.8237.9265.2289.3306.7287.3
Adj Net Profit 16.2917.216.125.845.237.137.734.432.434
Cash Flow from Ops. 30.83329.445.352.261.648.544.373.446.6-
Debt/CF from Ops. 2.72.72.71.10.50.10.30.40.20.3-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales 1.8%-1.1%-4.3%-10.1%
Adj EPS 8.3%5.1%-3.7%-3.8%
BVPS 10.8128.86
Share Price 21.8% -3.3% 12.7% 1.8%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 17.79.116.113.819.929.720.918.915.713.914.9
Op. Profit Mgn % 118.710.510.912.115.715.613.312.914.412.4
Net Profit Mgn % 4.52.44.53.95.89.77.77.37.37.76.9
Debt to Equity 0.90.90.70.40.200.10.10.10.10
Working Cap Days 124151156153125100158216250281153
Cash Conv. Cycle 5037414032111929373765

Recent Performance Summary

Sales growth is good in last 4 quarters at 50.46%

Return on Equity has declined versus last 3 years average to 14.90%

Sales growth has been subdued in last 3 years -4.25%

Net Profit has been subdued in last 3 years -3.67%

Latest Financials - Rane Brake Lining Ltd.

Standalone Consolidated
TTM EPS (₹) 44.4 -
TTM Sales (₹ Cr.) 497 -
BVPS (₹.) 287.3 -
Reserves (₹ Cr.) 214 -
P/BV 2.82 -
PE 18.26 -
From the Market
52 Week Low / High (₹) 704.40 / 1200.90
All Time Low / High (₹) 34.20 / 1447.00
Market Cap (₹ Cr.) 626
Equity (₹ Cr.) 7.7
Face Value (₹) 10
Industry PE 42

Management X-Ray of Rane Brake Lining :

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 (%)

Event Update

Analyst's Notes

News

About Rane Brake Lining Ltd

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.

Read More Read Less