Rane Engine Valve Ltd
Incorporated in 1959, Rane Engine Valve Ltd manufactures components for the internal combustion engine applicable for stationary
and transportation engine applications[1]
- Market Cap ₹ 268 Cr.
- Current Price ₹ 382
- High / Low ₹ 666 / 291
- Stock P/E 13.9
- Book Value ₹ 172
- Dividend Yield 1.31 %
- ROCE 13.2 %
- ROE 13.7 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 25.7% CAGR over last 5 years
Cons
- Company has a low return on equity of 0.01% over last 3 years.
- Company might be capitalizing the interest cost
* 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
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
263 | 262 | 389 | 344 | 355 | 375 | 423 | 355 | 302 | 382 | 498 | 567 | 571 | |
254 | 231 | 359 | 340 | 331 | 361 | 404 | 344 | 305 | 368 | 463 | 519 | 519 | |
Operating Profit | 9 | 31 | 30 | 4 | 24 | 14 | 19 | 11 | -3 | 14 | 35 | 47 | 52 |
OPM % | 3% | 12% | 8% | 1% | 7% | 4% | 4% | 3% | -1% | 4% | 7% | 8% | 9% |
3 | -39 | 49 | 20 | 92 | 2 | 2 | 3 | 25 | -1 | -5 | -2 | 2 | |
Interest | 10 | 15 | 19 | 15 | 10 | 8 | 11 | 11 | 9 | 9 | 11 | 11 | 10 |
Depreciation | 21 | 20 | 28 | 28 | 28 | 29 | 31 | 28 | 23 | 20 | 19 | 19 | 19 |
Profit before tax | -19 | -44 | 31 | -18 | 78 | -21 | -20 | -25 | -10 | -15 | 0 | 16 | 23 |
Tax % | -33% | -33% | 25% | -29% | 26% | -19% | -34% | -35% | -37% | -21% | 138% | 27% | |
-13 | -29 | 23 | -13 | 58 | -17 | -14 | -16 | -6 | -12 | -0 | 11 | 16 | |
EPS in Rs | -24.48 | -56.47 | 45.58 | -18.66 | 85.86 | -25.39 | -20.20 | -24.32 | -9.06 | -17.65 | -0.08 | 15.84 | 22.61 |
Dividend Payout % | 0% | 0% | 5% | 0% | 3% | 0% | 0% | 0% | 0% | 0% | 0% | 32% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 6% |
3 Years: | 23% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | 3% |
5 Years: | 26% |
3 Years: | 37% |
TTM: | 74% |
Stock Price CAGR | |
---|---|
10 Years: | -5% |
5 Years: | 12% |
3 Years: | 12% |
1 Year: | 19% |
Return on Equity | |
---|---|
10 Years: | -11% |
5 Years: | -8% |
3 Years: | 0% |
Last Year: | 14% |
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 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5 | 5 | 5 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
Reserves | 87 | 58 | 110 | 96 | 153 | 134 | 121 | 104 | 98 | 87 | 97 | 114 | 117 |
111 | 141 | 153 | 143 | 84 | 108 | 133 | 121 | 115 | 129 | 137 | 122 | 143 | |
48 | 46 | 74 | 64 | 62 | 71 | 83 | 71 | 83 | 89 | 111 | 111 | 118 | |
Total Liabilities | 251 | 250 | 343 | 310 | 306 | 320 | 343 | 303 | 302 | 312 | 352 | 354 | 385 |
150 | 133 | 173 | 161 | 141 | 132 | 125 | 109 | 92 | 82 | 86 | 87 | 86 | |
CWIP | 7 | 14 | 6 | 3 | 3 | 4 | 6 | 2 | 2 | 5 | 5 | 11 | 12 |
Investments | 0 | 1 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 2 | 2 | 3 | 3 |
94 | 102 | 163 | 145 | 162 | 184 | 210 | 191 | 207 | 223 | 259 | 253 | 284 | |
Total Assets | 251 | 250 | 343 | 310 | 306 | 320 | 343 | 303 | 302 | 312 | 352 | 354 | 385 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
37 | 31 | 17 | 21 | -4 | 15 | 2 | 28 | 21 | -17 | 21 | 42 | |
-28 | -51 | 21 | 5 | 80 | -20 | -25 | -7 | 17 | -14 | -19 | -25 | |
-5 | 17 | -39 | -27 | -76 | 15 | 15 | -23 | -15 | 8 | 6 | -22 | |
Net Cash Flow | 4 | -3 | -1 | -0 | 1 | 10 | -8 | -2 | 23 | -23 | 7 | -6 |
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 | 44 | 48 | 64 | 64 | 68 | 77 | 72 | 64 | 94 | 76 | 79 | 73 |
Inventory Days | 150 | 158 | 155 | 128 | 138 | 140 | 167 | 192 | 152 | 213 | 175 | 147 |
Days Payable | 113 | 124 | 121 | 99 | 118 | 120 | 121 | 120 | 153 | 129 | 150 | 132 |
Cash Conversion Cycle | 82 | 82 | 98 | 93 | 89 | 97 | 118 | 136 | 93 | 159 | 105 | 88 |
Working Capital Days | 20 | -7 | 44 | 41 | 63 | 73 | 81 | 88 | 91 | 101 | 83 | 73 |
ROCE % | -5% | 6% | 2% | -8% | -1% | -5% | -4% | -6% | -10% | -1% | 7% | 13% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Outcome of Court Convened Meeting 22h
- Shareholder Meeting / Postal Ballot-Outcome of Court Convened Meeting 22h
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Shareholder Meeting / Postal Ballot-Outcome of Court Convened Meeting
1d - Approval of Scheme of Amalgamation by shareholders.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
1d - Approval of amalgamation scheme by equity shareholders.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
15 Nov - Transcript of the earnings conference call is available in the investor information section of the website of the Company at the web-link https://ranegroup.com/investors/rane-engine-valve-limited/
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
from nse
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Financial Year 2011
from bse
Concalls
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Nov 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Oct 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Dec 2017TranscriptNotesPPT
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Aug 2017TranscriptNotesPPT
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Jun 2017TranscriptNotesPPT
Business Overview:[1][2][3]
REVL is a subsidiary of Rane Holdings Ltd which holds ~58.29% of shares in the company. It is an ISO 9001:2015, ISO 14001:2015 IATF 16949:2016, ISO 45001:2018 certified manufacturer of valves and valve train components for various engine applications. Non Automotive applications such as power generation, marine, defence, locomotive, etc.[4]