Rane Brake Lining Ltd Stock Analysis

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

BSE Share Price 07-Feb-2023 17:53
712.30 5.30 (0.75%)

DeciZen - Make an Informed Decision on Rane Brake Lining

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Rane Brake Lining Price Chart

P/E Ratio ( SA) :
16.96
Market Cap :
546.5 Cr.
52-wk low :
576
52-wk high :
821.7
Bole Toh?

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

Past 10 year's financial track record analysis by Moneyworks4me indicates that Rane Brake Lining Ltd is a average quality 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 Rise-somewhat 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
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 has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 7.6%11.7%11.1%16.6%27.1%19.8%17.6%14.6%13.6%11.6%-
Value Creation Index -0.5-0.2-0.20.20.90.40.30.0-0.0-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 376384416448466482514471424506568
YoY Gr. Rt. %-2%8.4%7.7%3.9%3.5%6.6%-8.4%-10%19.3%-
Adj EPS 11.421.720.332.657.146.847.643.541.835.941.7
YoY Gr. Rt. %-90.1%-6.5%60.2%75.5%-18.1%1.7%-8.6%-3.8%-14.1%-
BVPS (₹) 129141.9153.9174.4210.8237.9265.2289.3306.7314.2310.1
Adj Net Profit 917.216.125.845.237.137.734.432.427.832
Cash Flow from Ops. 3329.445.352.261.648.544.373.446.411.3-
Debt/CF from Ops. 2.72.71.10.50.10.30.40.200-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.3%1.6%-0.5%19.3%
Adj EPS 13.6%-8.9%-8.9%-14.1%
BVPS 10.48.35.82.4
Share Price 20.8% -6.8% 6.2% -11.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 9.116.113.819.929.720.918.915.713.911.613.4
Op. Profit Mgn % 8.710.510.912.115.715.613.312.9148.88.9
Net Profit Mgn % 2.44.53.95.89.77.77.37.37.75.55.7
Debt to Equity 0.90.70.40.200.10.10.1000
Working Cap Days 151156153125100158216250281268160
Cash Conv. Cycle 3741403211192937375170

Recent Performance Summary

Sales growth is good in last 4 quarters at 16.85%

Return on Equity has declined versus last 3 years average to 13.40%

Sales growth has been subdued in last 3 years -0.54%

Net Profit has been subdued in last 3 years -8.94%

Latest Financials - Rane Brake Lining Ltd.

Standalone Consolidated
TTM EPS (₹) 41.7 -
TTM Sales (₹ Cr.) 568 -
BVPS (₹.) 310.1 -
Reserves (₹ Cr.) 232 -
P/BV 2.28 -
PE 16.96 -
From the Market
52 Week Low / High (₹) 576.00 / 821.65
All Time Low / High (₹) 34.20 / 1447.00
Market Cap (₹ Cr.) 547
Equity (₹ Cr.) 7.7
Face Value (₹) 10
Industry PE 35.2

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

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Analyst's Notes

Key Ratios of Rane Brake Lining

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Rane Brake Lining Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rane Brake Lining on 07-Feb-2023 17:53 is : 712.3.
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 07-Feb-2023 17:53 the market cap of Rane Brake Lining stood at ₹ 546.5.
The latest PE ratio of Rane Brake Lining as of 07-Feb-2023 17:53 is 16.96.
The latest PB ratio of Rane Brake Lining as of 07-Feb-2023 17:53 is 2.28
The 52-week high of Rane Brake Lining is ₹ 821.6 and the 52-week low is ₹ 576.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Rane Brake Lining is ₹ 567.6 ( Cr.) .

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.

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