Rane Engine Valve Ltd - Stock Valuation and Financial Performance

BSE: 532988 | NSE: RANEENGINE | Auto Ancillary | Small Cap

Rane Engine Valve Share Price

314 -7.45 -2.32%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Rane Engine Valve

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Rane Engine Valve stock performance -

mw4me loader
P/E Ratio (SA):
20.08
Market Cap:
232.6 Cr.
52-wk low:
196
52-wk high:
505.7

Is Rane Engine Valve Ltd an attractive stock to invest in?

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 Fair 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.

10 Year X-Ray of Rane Engine Valve:

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 Engine Valve Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 4.9%1.7%-5.9%0.8%-4.6%-1.9%-3.3%-6.5%-1.3%3.5%-
Value Creation
Index
-0.7-0.9-1.4-0.9-1.3-1.1-1.2-1.5-1.1-0.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 266395350355375423355302382498553
Sales YoY Gr.-48.6%-11.5%1.6%5.6%12.6%-16%-15%26.6%30.2%-
Adj EPS -0.9-17.9-37.8-7.9-25.6-18.5-23.9-31.2-13.11.216
YoY Gr.-NANANANANANANANANA-
BVPS (₹) 122.2221.3153.2238.2209.8189.5165.2156.5139146.8160.4
Adj Net
Profit
-0.5-9.2-25.4-5.3-17.2-12.4-16.1-20.9-8.80.912
Cash Flow from Ops. 30.716.721.3-4.114.72.42821.4-17.320.6-
Debt/CF from Ops. 4.69.26.7-20.37.456.54.35.3-7.46.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.2%5.8%11.9%30.2%
Adj EPS NANANANA
BVPS2.1%-6.9%-3.9%5.6%
Share Price 7.9% -7.2% 7% 58.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-0.6-10.3-23.2-4-11.4-9.3-13.5-19.4-8.70.910.4
Op. Profit
Mgn %
127.61.26.83.84.83.2-0.73.97.18.4
Net Profit
Mgn %
-0.2-2.3-7.3-1.5-4.6-2.9-4.5-6.9-2.30.22.1
Debt to
Equity
2.31.31.40.50.811.11.11.41.3-
Working Cap
Days
16514318417319620524426522019369
Cash Conv.
Cycle
4548686274839999908110

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 10.40%

Sales growth is growing at healthy rate in last 3 years 11.91%

Sales growth is good in last 4 quarters at 17.71%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 1.32

Latest Financials - Rane Engine Valve Ltd.

Standalone Consolidated
TTM EPS (₹) 16 -
TTM Sales (₹ Cr.) 553 -
BVPS (₹.) 160.4 -
Reserves (₹ Cr.) 109 -
P/BV 2.00 -
PE 20.08 -
From the Market
52 Week Low / High (₹) 196.00 / 505.65
All Time Low / High (₹) 42.00 / 807.45
Market Cap (₹ Cr.) 233
Equity (₹ Cr.) 7.2
Face Value (₹) 10
Industry PE 46

Management X-Ray of Rane Engine Valve:

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 Engine Valve

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales266395350355375423355302382498
Operating Expenses 235365345332361404344305368463
Manufacturing Costs608675778895776789108
Material Costs81141134127133154128119131191
Employee Cost 6496979410211210493114125
Other Costs 30434034384436273440
Operating Profit 3130423141911-31435
Operating Profit Margin (%) 11.7%7.6%1.2%6.5%3.8%4.4%3.1%-1.1%3.7%7.0%
Other Income 1432223332
Interest 15191510811119911
Depreciation 20282828293128232019
Exceptional Items -4045179000022-4-7
Profit Before Tax -4431-1878-21-20-25-10-150
Tax -148-520-4-7-9-4-30
Profit After Tax -2923-1358-17-14-16-6-120
PAT Margin (%) -10.9%5.9%-3.6%16.2%-4.5%-3.2%-4.6%-2.0%-3.1%0.0%
Adjusted EPS (₹)-56.545.6-18.785.9-25.4-20.2-24.3-9.1-17.7-0.1
Dividend Payout Ratio (%)0%5%0%3%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 6311410316014112711110593104
Share Capital 5577777777
Reserves 5810996153134121104988797
Minority Interest0000000000
Debt1011191176795118111114128136
Long Term Debt77586129333634523144
Short Term Debt24605539618277639792
Trade Payables27463741505848565478
Others Liabilities 911089278878569596664
Total Liabilities 282387348347372388338335341382

Fixed Assets

Gross Block308390399169189212224230239262
Accumulated Depreciation175217238285787115138157176
Net Fixed Assets133173161141132125109928286
CWIP 14633462255
Investments 1111011122
Inventories35594748588076568892
Trade Receivables356860677984637779108
Cash Equivalents 3221011212418
Others Assets61777477878987838481
Total Assets 282387348347372388338335341382

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 311721-41522821-1721
PBT -4431-1878-21-20-25-10-150
Adjustment 75423-5237433652629
Changes in Working Capital -0-1618-151-221826-28-10
Tax Paid 0-3-2-14-220011
Cash Flow From Investing Activity -5121580-20-25-717-14-19
Capex -10221579-21-25-716-13-20
Net Investments 00010-100-10
Others -410-101110001
Cash Flow From Financing Activity 17-39-27-761515-23-1586
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 36-350-4424-820-1814
Interest Paid -14-19-15-10-8-10-10-8-8-10
Dividend Paid 0-1-20-200000
Others -615-10-212320-4-27341
Net Cash Flow -3-1-1110-8-223-237
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-37.5626.55-11.5643.87-11.33-10.12-13.71-5.63-11.95-0.06
ROCE (%)-14.0621.35-1.1335.96-5.22-3.82-5.63-0.38-2.924.6
Asset Turnover Ratio11.281.041.131.081.120.990.911.151.39
PAT to CFO Conversion(x)N/A0.74N/A-0.07N/AN/AN/AN/AN/A-INF
Working Capital Days
Receivable Days42446159697074847468
Inventory Days45405144505979796865
Payable Days12396113111125128151159153126

Rane Engine Valve Ltd Stock News

Rane Engine Valve Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rane Engine Valve on 28-Mar-2024 16:01 is ₹314.0.
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 28-Mar-2024 16:01 the market cap of Rane Engine Valve stood at ₹232.6.
The latest P/E ratio of Rane Engine Valve as of 28-Mar-2024 16:01 is 20.08.
The latest P/B ratio of Rane Engine Valve as of 28-Mar-2024 16:01 is 2.00.
The 52-week high of Rane Engine Valve is ₹505.6 and the 52-week low is ₹196.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rane Engine Valve is ₹552.6 ( Cr.) .

About Rane Engine Valve Ltd

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:

  • Engine Valves  
  • Valve Guide   
  • Tappets

Achievements/ recognition:

  • REVL has consistently maintained a zero warranty failure level for the last 6 years.
  • Several recognitions and awards from OE clientele.
  • Preferred supplier in the industry.
  • Deming Application Prize winner in the year 2005
  • TS 16949:2002& ISO 14001 certified
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