Rane Brake Lining Ltd
₹ 941
1.25%
18 May
- close price
About
Rane Brake Lining (RBL) is part of the Rane Group of Companies, a leading auto component group based out of Chennai. RBL manufactures friction material products such as Brake linings, Disc pads, Clutch facings, Clutch buttons, Brake Shoes, and Railway brake blocks.
RBL is the market leader in India and a global player in friction material. [1]
Key Points
- Market Cap ₹ 728 Cr.
- Current Price ₹ 941
- High / Low ₹ 1,093 / 643
- Stock P/E 17.7
- Book Value ₹ 364
- Dividend Yield 2.66 %
- ROCE 20.5 %
- ROE 15.2 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 57.5%
Cons
- Company has a low return on equity of 13.4% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Loading peers table ...
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 365 | 370 | 399 | 427 | 466 | 482 | 514 | 471 | 424 | 506 | 599 | 661 | |
| 332 | 330 | 353 | 372 | 393 | 407 | 446 | 410 | 363 | 461 | 542 | 585 | |
| Operating Profit | 33 | 40 | 45 | 54 | 74 | 75 | 68 | 61 | 61 | 44 | 56 | 75 |
| OPM % | 9% | 11% | 11% | 13% | 16% | 16% | 13% | 13% | 14% | 9% | 9% | 11% |
| 3 | 2 | 2 | 3 | -11 | 3 | 6 | 10 | 11 | 12 | 8 | 1 | |
| Interest | 7 | 8 | 6 | 3 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 18 | 18 | 21 | 19 | 20 | 24 | 24 | 26 | 24 | 21 | 20 | 22 |
| Profit before tax | 11 | 17 | 21 | 35 | 43 | 55 | 49 | 45 | 47 | 35 | 45 | 54 |
| Tax % | 17% | -3% | 22% | 27% | 18% | 35% | 26% | 23% | 32% | 22% | 25% | 26% |
| 9 | 17 | 16 | 26 | 35 | 36 | 37 | 34 | 32 | 27 | 33 | 40 | |
| EPS in Rs | 11.50 | 21.74 | 20.35 | 32.55 | 44.13 | 45.17 | 46.15 | 43.39 | 40.98 | 35.02 | 43.29 | 52.11 |
| Dividend Payout % | 35% | 34% | 34% | 31% | 34% | 34% | 34% | 39% | 61% | 57% | 58% | 58% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 5% |
| 3 Years: | 16% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 2% |
| 3 Years: | 9% |
| TTM: | 23% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 10% |
| 3 Years: | 2% |
| 1 Year: | 30% |
| Return on Equity | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 14% |
| 3 Years: | 13% |
| Last Year: | 15% |
Balance Sheet
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 94 | 104 | 114 | 130 | 159 | 180 | 202 | 221 | 230 | 235 | 253 | 273 |
| 90 | 81 | 52 | 27 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
| 70 | 75 | 82 | 91 | 105 | 123 | 146 | 131 | 146 | 156 | 113 | 119 | |
| Total Liabilities | 262 | 268 | 255 | 256 | 278 | 311 | 356 | 359 | 384 | 399 | 374 | 401 |
| 123 | 133 | 117 | 104 | 121 | 114 | 118 | 133 | 118 | 114 | 118 | 127 | |
| CWIP | 19 | 0 | 1 | 2 | 0 | 4 | 2 | 0 | 2 | 3 | 4 | 7 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 24 | 6 |
| 120 | 134 | 137 | 149 | 156 | 193 | 235 | 226 | 264 | 280 | 227 | 261 | |
| Total Assets | 262 | 268 | 255 | 256 | 278 | 311 | 356 | 359 | 384 | 399 | 374 | 401 |
Cash Flows
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 33 | 29 | 45 | 52 | 62 | 48 | 44 | 73 | 46 | 11 | 49 | 29 | |
| -35 | -10 | -5 | -8 | -34 | -19 | -25 | -35 | -10 | -18 | -48 | -13 | |
| 1 | -17 | -43 | -44 | -28 | -21 | -15 | -15 | -24 | -22 | -16 | -20 | |
| Net Cash Flow | -0 | 2 | -2 | 0 | -1 | 8 | 4 | 24 | 12 | -28 | -14 | -3 |
Ratios
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 75 | 85 | 81 | 85 | 78 | 91 | 100 | 76 | 112 | 99 | 67 | 81 |
| Inventory Days | 54 | 55 | 49 | 54 | 58 | 56 | 73 | 102 | 118 | 137 | 100 | 94 |
| Days Payable | 91 | 94 | 91 | 124 | 138 | 142 | 161 | 151 | 205 | 169 | 71 | 64 |
| Cash Conversion Cycle | 38 | 45 | 39 | 16 | -1 | 6 | 12 | 27 | 24 | 66 | 97 | 112 |
| Working Capital Days | 36 | 39 | 35 | 42 | 32 | 38 | 43 | 35 | 51 | 67 | 61 | 76 |
| ROCE % | 10% | 13% | 15% | 23% | 35% | 31% | 25% | 20% | 20% | 15% | 18% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - Recordings of the Earnings Conference call are being made available in the investor information section of the website of the Company at the web-link https://ranegroup.com/investors/rane-brake-lining-limited/
-
Announcement under Regulation 30 (LODR)-Investor Presentation
2d - Copy of the Earnings Presentation proposed to be made to the analyst and investors at the earnings conference call scheduled on May 17, 2024 at …
-
Announcement under Regulation 30 (LODR)-Change in Management
15 May - Letter no. RBL/SE/020/2024-25 dated May 15, 2024 intimating change in office of KMP, we enclose herewith resignation letter from Chief Financial Officer
-
Announcement under Regulation 30 (LODR)-Change in Management
15 May - Today, approved cessation of Mr. J Ananth, as Chief Financial officer effective closure of business hours on June 30, 2024, pursuant to transfer of services …
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
14 May - An ''Earnings Conference Call'' is scheduled on, Friday, May 17, 2024 at 15:00 hours (IST), inter alia, to discuss the audited financial results for the …
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2012
from nse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
Concalls
-
May 2024TranscriptNotesPPT
-
Feb 2024TranscriptNotesPPT
-
Feb 2024TranscriptNotesPPT
-
Nov 2023TranscriptNotesPPT
-
Aug 2023TranscriptNotesPPT
-
May 2023TranscriptNotesPPT
-
Oct 2022TranscriptNotesPPT
-
May 2022TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Aug 2021TranscriptNotesPPT
-
Jun 2021TranscriptNotesPPT
-
Feb 2021TranscriptNotesPPT
-
Nov 2020TranscriptNotesPPT
-
Aug 2020TranscriptNotesPPT
-
Feb 2020TranscriptNotesPPT
-
Nov 2019TranscriptNotesPPT
-
Aug 2019TranscriptNotesPPT
-
May 2019TranscriptNotesPPT
-
Feb 2019TranscriptNotesPPT
-
Nov 2018TranscriptNotesPPT
-
Aug 2018TranscriptNotesPPT
-
May 2018TranscriptNotesPPT
-
May 2018TranscriptNotesPPT
-
Feb 2018TranscriptNotesPPT
-
Feb 2018TranscriptNotesPPT
-
Dec 2017TranscriptNotesPPT
-
Aug 2017TranscriptNotesPPT
-
Jun 2017TranscriptNotesPPT
-
Feb 2017TranscriptNotesPPT
-
Jun 2016TranscriptNotesPPT
Products sold in FY22 [1]
Brake linings: 42%
Disk Pads: 53%
Clutch Facings,Railway Brake Blocks & Others: 5%