BSE: 505800 | NSE: RANEHOLDIN | Finance - Investment | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Rane Holdings Ltd is a average quality company.
The key valuation ratios of Rane Holdings Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Rane Holdings Ltd is likely to Rise-somewhat 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.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 58.6 | 75 | 70.9 | 95.6 | 116 | 97.3 | 65.1 | 88.8 | 118 | 147 | 145 | |
| YoY Gr. Rt. % | - | 27.9% | -5.4% | 34.8% | 21.3% | -16.1% | -33.1% | 36.5% | 32.5% | 24.8% | - | |
| Adj EPS (₹ ) | 18.2 | 25 | 34.9 | 34.2 | 53.5 | 35.6 | 1 | 23.7 | 33.8 | 51.2 | 52.3 | |
| YoY Gr. Rt. % | - | 37.6% | 39.7% | -2% | 56.5% | -33.4% | -97.3% | 2397.9% | 42.5% | 51.3% | - | |
| BVPS (₹ ) | 198.2 | 212.1 | 244.9 | 267.3 | 301.8 | 321.8 | 328.1 | 353.9 | 375.6 | 404.7 | 420 | |
| YoY Gr. Rt. % | - | 7% | 15.5% | 9.1% | 12.9% | 6.6% | 2% | 7.9% | 6.1% | 7.7% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 7.9 | 9.9 | 13.2 | 12.4 | 17.4 | 10.6 | 0.3 | 5.9 | 8 | 12.1 | 0 | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 10.7% | 4.8% | 31.2% | 24.8% | ||||||||
| Adj EPS | 12.2% | -0.9% | 277.6% | 51.3% | ||||||||
| BVPS | 8.3% | 6% | 7.2% | 7.7% | ||||||||
| Share Price | 11% | 19.8% | 47.7% | 54.4% | ||||||||
| RATIOS \ YEARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||||||
| Net Profit Margin (%) | 44.2 | 47.6 | 70.3 | 51.1 | 65.9 | 52.2 | 2.1 | 38.2 | 41.1 | 49.8 | 51.4 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 9.4 | 12.2 | 15.3 | 13.3 | 18.8 | 11.4 | 0.3 | 7 | 9.3 | 13.1 | 11.8 | |
Return on Equity has increased versus last 3 years average to 12.70%
Total Income has increased 31.17 CAGR in last 3 years
Net Profit has increased 277.63 CAGR in last 3 years
Total income growth is good in last 4 quarters
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| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 52.3 | 182.9 |
| TTM Sales (₹ Cr.) | 145 | 3,455 |
| BVPS (₹.) ⓘ | 420 | 746.7 |
| Reserves (₹ Cr.) ⓘ | 617 | 1,052 |
| P/BV ⓘ | 4.35 | 2.44 |
| PE ⓘ | 34.88 | 9.98 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1028.15 / 2575.90 |
| All Time Low / High (₹) | 17.15 / 2799.00 |
| Market Cap (₹ Cr.) | 2,606 |
| Equity (₹ Cr.) | 14.3 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 45.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 60 | 76 | 99 | 97 | 128 | 98 | 66 | 109 | 118 | 150 |
| Interest Income | 59 | 75 | 71 | 96 | 116 | 97 | 65 | 89 | 118 | 147 |
| Other Income ⓘ | 1 | 1 | 28 | 2 | 13 | 0 | 1 | 20 | 1 | 4 |
| Expenditure ⓘ | 27 | 33 | 36 | 38 | 41 | 41 | 35 | 44 | 56 | 61 |
| Interest Expense ⓘ | 0 | 2 | 3 | 2 | 2 | 2 | 3 | 6 | 6 | 5 |
| Operating Expenses ⓘ | 27 | 30 | 32 | 34 | 37 | 36 | 31 | 37 | 49 | 55 |
| Provisions | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 1 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | -16 | -18 | -3 | -3 |
| Profit Before Tax ⓘ | 33 | 43 | 63 | 59 | 87 | 57 | 15 | 48 | 59 | 86 |
| Taxes ⓘ | 7 | 7 | 13 | 10 | 11 | 6 | 14 | 14 | 11 | 13 |
| Profit After Tax | 26 | 36 | 50 | 49 | 76 | 51 | 1 | 34 | 48 | 73 |
| Adjusted EPS (₹) | 18.2 | 25.0 | 34.9 | 34.2 | 53.5 | 35.6 | 1.0 | 23.7 | 33.8 | 51.2 |
| Dividend Payout Ratio (%) | 41% | 40% | 24% | 42% | 36% | 22% | 0% | 51% | 50% | 49% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | 283 | 303 | 350 | 382 | 431 | 460 | 469 | 505 | 536 | 578 |
| Share Capital ⓘ | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves ⓘ | 269 | 289 | 335 | 367 | 417 | 445 | 454 | 491 | 522 | 564 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 38 | 67 | 8 | 19 | 14 | 23 | 73 | 62 | 52 | 4 |
| Current Liabilities | 18 | 12 | 14 | 16 | 16 | 19 | 20 | 23 | 24 | 14 |
| Trade Payables | 2 | 3 | 3 | 1 | 2 | 1 | 2 | 3 | 3 | 2 |
| Short term borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | -2 | -3 | -3 | -1 | -2 | -1 | -2 | -3 | -3 | -2 |
| Total Liabilities ⓘ | 340 | 383 | 372 | 417 | 461 | 502 | 562 | 591 | 612 | 596 |
Assets | ||||||||||
| Non Current Asset | 318 | 366 | 306 | 394 | 445 | 483 | 539 | 582 | 588 | 550 |
| Loan Asset | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non Current Asset ⓘ | 318 | 366 | 306 | 394 | 445 | 483 | 539 | 582 | 588 | 550 |
| Current Asset | 21 | 17 | 66 | 23 | 16 | 19 | 23 | 9 | 24 | 45 |
| Current Investment | 13 | 9 | 53 | 8 | 2 | 4 | 3 | 0 | 2 | 24 |
| Other Current Asset | 9 | 8 | 13 | 15 | 15 | 15 | 20 | 9 | 22 | 21 |
| Total Assets ⓘ | 340 | 383 | 372 | 417 | 461 | 502 | 562 | 591 | 612 | 596 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 18 | 25 | 35 | 34 | 53 | 36 | 1 | 24 | 34 | 51 |
| DPS (₹) | 8 | 10 | 9 | 15 | 19 | 8 | 0 | 12 | 17 | 25 |
| BVPS (₹) | 198 | 212 | 245 | 267 | 302 | 322 | 328 | 354 | 376 | 405 |
Performance Ratios | ||||||||||
| ROA (%) | 7.9 | 9.9 | 13.2 | 12.4 | 17.4 | 10.6 | 0.3 | 5.9 | 8.0 | 12.1 |
| ROE (%) | 9.4 | 12.2 | 15.3 | 13.3 | 18.8 | 11.4 | 0.3 | 7.0 | 9.3 | 13.1 |
| ROCE (%) | 11.8 | 14.7 | 18.9 | 15.8 | 20.9 | 12.5 | 3.5 | 9.6 | 11.1 | 15.5 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 2.9 | 2.6 | 3.7 | 9.2 | 4.0 | 1.0 | 1.8 | 1.7 | 2.3 | 2.7 |
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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