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BSE: 532988 | NSE: RANEENGINE | Auto Ancillary | Small Cap
1. Is Rane Engine Valve Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rane Engine Valve Ltd is a below average quality company.
2. Is Rane Engine Valve Ltd undervalued or overvalued?
The key valuation ratios of Rane Engine Valve Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
3. Is Rane Engine Valve Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rane Engine Valve Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | -2.9% | 4.9% | 1.7% | -5.9% | 0.8% | -4.6% | -1.9% | -3.3% | -6.5% | -1.3% | - | ||
| Value Creation Index ⓘ | -1.2 | -0.7 | -0.9 | -1.4 | -0.9 | -1.3 | -1.1 | -1.2 | -1.5 | -1.1 | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 263 | 266 | 395 | 350 | 355 | 375 | 423 | 355 | 302 | 382 | 422 | ||
| YoY Gr. Rt. % | - | 1.2% | 48.6% | -11.5% | 1.6% | 5.6% | 12.6% | -16% | -15% | 26.6% | - | ||
| Adj EPS ⓘ | -24.7 | -0.9 | -17.9 | -37.8 | -7.9 | -25.6 | -18.5 | -23.9 | -31.2 | -13.1 | -13.7 | ||
| YoY Gr. Rt. % | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - | ||
| BVPS (₹) ⓘ | 178.6 | 122.2 | 221.3 | 153.2 | 238.2 | 209.8 | 189.5 | 165.2 | 156.5 | 139 | 134.4 | ||
| Adj Net Profit ⓘ | -12.7 | -0.5 | -9.2 | -25.4 | -5.3 | -17.2 | -12.4 | -16.1 | -20.9 | -8.8 | -9 | ||
| Cash Flow from Ops. ⓘ | 36.8 | 30.7 | 16.7 | 21.3 | -4.1 | 14.7 | 2.4 | 28 | 21.4 | -17.3 | - | ||
| Debt/CF from Ops. ⓘ | 3 | 4.6 | 9.2 | 6.7 | -20.3 | 7.4 | 56.5 | 4.3 | 5.3 | -7.4 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 4.3% | 1.5% | -3.3% | 26.6% | ||||||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||||||
| BVPS ⓘ | -2.8 | -10.2 | -9.8 | -11.2 | ||||||||
| Share Price | 2.9% | -17% | -5.9% | -21.5% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | -13 | -0.6 | -10.3 | -23.2 | -4 | -11.4 | -9.3 | -13.5 | -19.4 | -8.7 | -10 | |
| Op. Profit Mgn % ⓘ | 3.3 | 12 | 7.6 | 1.2 | 6.8 | 3.8 | 4.8 | 3.2 | -0.7 | 3.9 | 4.4 | |
| Net Profit Mgn % ⓘ | -4.9 | -0.2 | -2.3 | -7.3 | -1.5 | -4.6 | -2.9 | -4.5 | -6.9 | -2.3 | -2.2 | |
| Debt to Equity ⓘ | 1.2 | 2.3 | 1.3 | 1.4 | 0.5 | 0.8 | 1 | 1.1 | 1.1 | 1.4 | - | |
| Working Cap Days ⓘ | 181 | 165 | 143 | 184 | 173 | 196 | 205 | 244 | 265 | 220 | 0 | |
| Cash Conv. Cycle ⓘ | 61 | 45 | 48 | 68 | 62 | 74 | 83 | 99 | 99 | 90 | 0 | |
Sales growth is good in last 4 quarters at 23.02%
Return on Equity is Poor
Sales growth has been subdued in last 3 years -3.31%
Debt to equity has increased versus last 3 years average to 1.37
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -13.7 | - |
| TTM Sales (₹ Cr.) | 422 | - |
| BVPS (₹.) ⓘ | 134.4 | - |
| Reserves (₹ Cr.) ⓘ | 84 | - |
| P/BV ⓘ | 1.79 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 183.00 / 317.45 |
| All Time Low / High (₹) | 42.00 / 807.45 |
| Market Cap (₹ Cr.) | 162 |
| Equity (₹ Cr.) | 6.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 39.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Rane Engine Valve Ltd. was incepted in 1959 to manufacture valves and valve train components for various engine applications. It has latest manufacturing practices to keep abreast of technological advancements caters to every section of the auto industry through four manufacturing plants. It has got cutting edge technology.
It is a market leader in India. Its clientele spread across Europe, North America and the Far Eastern markets including the best known brands such as Volkswagen, Deutz and Yamaha.
It has centralized R&D and product engineering function. Its design and functional aspects of development match customer requirements. Its design team includes IC Engine Specialists, CAD and CAM application experts, software analysts. CAD/CAE, Finite Element Analysis (FEA) Pro-E, Ansys etc used for new product development. Up to date practices like QFD, Design reviews and world acclaimed Japanese development methods are implemented across facilities.
New product development process aligned to ISO / TS 16949:2002 norms.
Product range of the company includes:
Achievements/ recognition:
