Rane Holdings Ltd - Stock Valuation and Financial Performance

BSE: 505800 | NSE: RANEHOLDIN | Finance - Investment | Small Cap

Rane Holdings Share Price

1,085.65 35.70 3.40%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Rane Holdings

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Rane Holdings stock performance -

mw4me loader
P/E Ratio (SA):
22.24
Market Cap:
1,499.1 Cr.
52-wk low:
792
52-wk high:
1,378.1

Is Rane Holdings Ltd an attractive stock to invest in?

1. Is Rane Holdings Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rane Holdings Ltd is a below average quality company.

2. Is Rane Holdings Ltd undervalued or overvalued?

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

3. Is Rane Holdings Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rane Holdings 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 Holdings:

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 Holdings Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Operating Income (₹ Cr.)52.258.67570.995.611697.365.188.8118146
YoY Gr. Rt. %-12.2%27.9%-5.4%34.8%21.3%-16.1%-33.1%36.5%32.5%-
Adj EPS (₹ ) 15.218.22534.934.253.535.6123.733.847.2
YoY Gr. Rt. %-19.3%37.6%39.7%-2%56.5%-33.4%-97.3%2397.9%42.5%-
BVPS (₹ )188.7198.2212.1244.9267.3301.8321.8328.1353.9375.6402.6
YoY Gr. Rt. %-5%7%15.5%9.1%12.9%6.6%2%7.9%6.1%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here
Net Profit/Total Funds (%)7.37.99.913.212.417.410.60.35.980

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Net Interest Income9.4%4.3%6.5%32.5%
Adj EPS9.3%-0.2%-1.7%42.5%
BVPS8%7%5.3%6.1%
Share Price 19.8% -1.8% 23.3% 31.2%

Key Financial Ratios

RATIOS \ YEARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Margins
Net Profit Margin (%)41.644.247.670.351.165.952.22.138.241.146.1
Performance Ratios To view Performance Ratios Colour Rating Guide click here
Return on Equity (%)8.29.412.215.313.318.811.40.379.311.7

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.10%

Total Income has increased 6.53 CAGR in last 3 years

Total income growth is good in last 4 quarters

Net Profit has declined -1.69 CAGR in last 3 years

Latest Financials - Rane Holdings Ltd.

Standalone Consolidated
TTM EPS (₹) 47.2 51.5
TTM Sales (₹ Cr.) 146 3,597
BVPS (₹.) 402.6 615
Reserves (₹ Cr.) 561 864
P/BV 2.61 1.71
PE 22.24 20.39
From the Market
52 Week Low / High (₹) 792.00 / 1378.10
All Time Low / High (₹) 17.15 / 2799.00
Market Cap (₹ Cr.) 1,499
Equity (₹ Cr.) 14.3
Face Value (₹) 10
Industry PE 44.9

Management X-Ray of Rane Holdings:

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 Holdings

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Income54607699971289866109118
Interest Income5259757196116976589118
Other Income 1112821301201
Expenditure 26273336384141354456
Interest Expense 0023222366
Operating Expenses 24273032343736313749
Provisions 1111222112
Exceptional Items 0000000-16-18-3
Profit Before Tax 28334363598757154859
Taxes 6771310116141411
Profit After Tax 2226365049765113448
Adjusted EPS (₹)15.218.225.034.934.253.535.61.023.733.8
Dividend Payout Ratio (%)43%41%40%24%42%36%22%0%51%50%

Balance Sheet

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

Equity and Liabilities

Equity Capital269283303350382431460469505536
Share Capital 14141414141414141414
Reserves 255269289335367417445454491522
Minority Interest0000000000
Long Term Borrowings3138678191423736252
Current Liabilities 17181214161619202324
Trade Payables3233121233
Short term borrowings0000000000
Other Liabilities-3-2-3-3-1-2-1-2-3-3
Total Liabilities 318340383372417461502562591612

Assets

Non Current Asset 304318366306394445483539582588
Loan Asset 0000000000
Other Non Current Asset 304318366306394445483539582588
Current Asset 1421176623161923924
Current Investment713953824302
Other Current Asset7981315151520922
Total Assets 318340383372417461502562591612

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 22223825456954274754
Cash Flow From Investing Activity -5-8-37-2-42-30-40-62-33-15
Cash Flow From Financing Activity -11-10-3-20-6-40-1334-14-37
Net Cash Flow 73-32-301-102
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Operational & Financial Ratios

EPS (₹)1518253534533612434
DPS (₹)781091519801217
BVPS (₹)189198212245267302322328354376

Performance Ratios

ROA (%)7.37.99.913.212.417.410.60.35.98.0
ROE (%)8.29.412.215.313.318.811.40.37.09.3
ROCE (%)10.611.814.718.915.820.912.53.59.611.1

Valuation Parameters

Price/Book(x)1.02.92.63.79.24.01.01.81.72.3

Rane Holdings Ltd Stock News

Rane Holdings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rane Holdings on 28-Mar-2024 16:01 is ₹1,085.7.
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 Holdings stood at ₹1,499.1.
The latest P/E ratio of Rane Holdings as of 28-Mar-2024 16:01 is 22.24.
The latest P/B ratio of Rane Holdings as of 28-Mar-2024 16:01 is 2.61.
The 52-week high of Rane Holdings is ₹1,378.1 and the 52-week low is ₹792.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rane Holdings is ₹146.1 ( Cr.) .

About Rane Holdings Ltd

Rane Holdings is the holding company of the Rane Group. RHL is a listed company with investments exclusively in the group companies. The conclusion of the restructuring exercise within the Group has achieved complete elimination of cross-holdings among group companies, as envisaged.

The company invests exclusively in the group companies viz; Rane Engine Valves Ltd, Kar Mobiles Ltd, Rane Brake Lining Ltd, Rane Investments Ltd, Rane (Madras) Ltd and Rane Diecast Ltd. RHL owns the trademark 'Rane' and provides a range of services to group companies which include employee training and development, investor services, business development and information systems support

The 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 Rane Holding company & 7 manufacturing companies.

Rane Holdings Ltd and Japan’s NSK Ltd in 2008 have built a plant in north India, to make electric steering systems for a new model from India’s top car maker by sales, Maruti Suzuki India Ltd. Rane NSK Steering Systems Ltd, the equal joint venture, also has plans to later expand the capacity of the plant in Haryana to serve new models from Honda Motor Co.’s Indian operations.

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