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Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Rane Holdings Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 1:56 am

Market Cap 2,585 Cr.
Current Price 1,810
High / Low 2,576/1,020
Stock P/E23.0
Book Value 747
Dividend Yield1.38 %
ROCE13.0 %
ROE20.7 %
Face Value 10.0
PEG Ratio0.16

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Multipurpose Trading & Agencies Ltd 5.23 Cr. 10.6 13.3/7.8129.1 10.20.00 %4.44 %3.91 % 10.0
Munoth Financial Services Ltd 34.4 Cr. 67.0 81.3/54.6 21.20.00 %1.71 %1.79 % 10.0
Nam Securities Ltd 72.5 Cr. 134 198/65.6201 21.20.00 %4.16 %3.05 % 10.0
Naperol Investments Ltd 733 Cr. 1,275 2,041/801748 3,2040.00 %0.08 %0.05 % 10.0
Inani Securities Ltd 13.2 Cr. 29.0 42.0/20.59.10 42.20.00 %10.6 %6.92 % 10.0
Industry Average3,918.52N/A2,740.82N/AN/A14.8915.33N/A

All Competitor Stocks of

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales670521692681783817879874938894928837870
Expenses639509650648741763817796877817858747787
Operating Profit31124233425462786178709083
OPM %5%2%6%5%5%7%7%9%6%9%8%11%10%
Other Income54627278181740-0-6-641914
Interest779108811141719171817
Depreciation31313232333333364035353235
Profit before tax-32027188313568318-465945
Tax %-645%-6%39%43%252%33%34%25%331%31%212%18%15%
Net Profit-20211711-13212351-812514838
EPS in Rs-15.6312.7210.546.74-13.1014.0414.0828.69-13.208.9428.4627.2921.99

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales1,9381,9282,2112,4072,2582,3452,5532,1592,0382,6953,5113,530
Expenses1,7651,7291,9882,1742,0232,1012,3182,0131,9512,5193,1903,208
Operating Profit17319822323323524423614687176321321
OPM %9%10%10%10%10%10%9%7%4%7%9%9%
Other Income22-3462361761551362341619-37
Interest404347454446505140345071
Depreciation7984106114106118126128120129142137
Profit before tax7738133109261235195-10-317413876
Tax %36%-20%28%29%30%37%41%-5%-93%52%37%-98%
Net Profit49479779182149116-10-603587150
EPS in Rs26.8830.4249.6945.9093.4191.2572.65-1.91-35.4216.9143.6186.69
Dividend Payout %30%21%15%22%9%16%26%-420%0%71%39%29%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-4.08%106.38%-18.56%130.38%-18.13%-22.15%-108.62%-500.00%158.33%148.57%72.41%
Change in YoY Net Profit Growth (%)0.00%110.46%-124.94%148.94%-148.51%-4.02%-86.47%-391.38%658.33%-9.76%-76.16%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:7%
3 Years:20%
TTM:-5%
Compounded Profit Growth
10 Years:9%
5 Years:10%
3 Years:66%
TTM:-16%
Stock Price CAGR
10 Years:11%
5 Years:20%
3 Years:46%
1 Year:40%
Return on Equity
10 Years:8%
5 Years:5%
3 Years:11%
Last Year:21%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:47 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital14141414141414141414141414
Reserves4374645305766997908518087507627948921,052
Borrowings3854294705964595015776336617888668531,101
Other Liabilities5355326367036707737787088458969148851,274
Total Liabilities1,3711,4391,6491,8891,8422,0782,2212,1632,2712,4602,5882,6453,441
Fixed Assets7077458099807808057988068018438667991,157
CWIP41305521322833523428384564
Investments17263228307347387369379353345373321
Other Assets6066387538607228971,0039371,0561,2361,3391,4281,899
Total Assets1,3711,4391,6491,8891,8422,0782,2212,1632,2712,4602,5882,6453,441

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +20812819817416013211018013215186233
Cash from Investing Activity +-121-111-120-157-26-66-87-124-96-114-152-105
Cash from Financing Activity +-84-17-80-20-129-50-16-33-3665-14-138
Net Cash Flow30-2-35167240-3420-9

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-212.00-231.00-247.00-363.00-224.00-257.00-341.00-487.00-574.00-612.00-545.00-532.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days515859655871696187786762
Inventory Days65677071767682104991008582
Days Payable8389881011151221031161631259482
Cash Conversion Cycle343540351825474923535762
Working Capital Days262125302737424947605757
ROCE %12%13%12%11%17%18%16%3%-1%4%11%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters46.40%46.40%46.57%46.57%46.58%46.58%46.58%46.58%46.58%46.58%46.58%46.58%
FIIs0.12%0.24%0.36%0.43%0.58%0.54%0.50%0.47%0.39%0.41%0.40%0.49%
DIIs8.15%4.49%3.65%3.49%1.93%1.91%1.54%1.54%2.02%1.70%1.59%1.77%
Public45.33%48.87%49.42%49.50%50.92%50.97%51.38%51.41%51.02%51.31%51.43%51.17%
No. of Shareholders18,99218,06618,57617,08515,32814,84414,36414,10114,23614,14514,13214,277

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Bandhan Transportation and Logistics Fund50,0001.786.4817,9112024-12-14179.16%
Bandhan Small Cap Fund17,9110.072.3217,9112024-12-140%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)86.6743.6116.91-35.42-2.00
Diluted EPS (Rs.)86.6743.6116.91-35.42-2.00
Cash EPS (Rs.)160.46161.04119.9361.1746.37
Book Value[Excl.RevalReserv]/Share (Rs.)818.85735.96704.16690.21737.22
Book Value[Incl.RevalReserv]/Share (Rs.)818.85735.96704.16690.21737.22
Revenue From Operations / Share (Rs.)2471.862456.811874.871425.321509.27
PBDIT / Share (Rs.)235.04244.12142.2193.72119.69
PBIT / Share (Rs.)139.10144.8751.989.4430.40
PBT / Share (Rs.)12.7797.1656.68-2.80-42.59
Net Profit / Share (Rs.)64.5261.7829.70-23.12-42.93
NP After MI And SOA / Share (Rs.)86.6743.6116.90-35.41-1.90
PBDIT Margin (%)9.509.937.586.577.93
PBIT Margin (%)5.625.892.770.662.01
PBT Margin (%)0.513.953.02-0.19-2.82
Net Profit Margin (%)2.612.511.58-1.62-2.84
NP After MI And SOA Margin (%)3.501.770.90-2.48-0.12
Return on Networth / Equity (%)13.657.703.10-6.61-0.33
Return on Capital Employeed (%)12.9414.235.290.983.18
Return On Assets (%)4.672.400.97-2.21-0.12
Long Term Debt / Equity (X)0.330.410.410.400.31
Total Debt / Equity (X)0.901.061.000.700.65
Asset Turnover Ratio (%)1.350.070.060.040.07
Current Ratio (X)1.091.091.030.990.96
Quick Ratio (X)0.700.700.650.690.59
Inventory Turnover Ratio (X)4.680.000.000.000.00
Dividend Payout Ratio (NP) (%)19.6027.500.000.00-791.17
Dividend Payout Ratio (CP) (%)9.308.390.000.0017.24
Earning Retention Ratio (%)80.4072.500.000.00891.17
Cash Earning Retention Ratio (%)90.7091.610.000.0082.76
Interest Coverage Ratio (X)4.707.005.943.373.35
Interest Coverage Ratio (Post Tax) (X)3.823.141.04-0.390.84
Enterprise Value (Cr.)2598.472279.831817.881537.051175.15
EV / Net Operating Revenue (X)0.730.640.670.750.54
EV / EBITDA (X)7.746.548.9511.486.88
MarketCap / Net Operating Revenue (X)0.430.350.310.410.21
Retention Ratios (%)80.3972.490.000.00891.17
Price / BV (X)1.711.521.081.100.57
Price / Net Operating Revenue (X)0.430.350.310.410.21
EarningsYield0.070.050.02-0.05-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 3,605.55

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, is Undervalued by 99.20% compared to the current share price 1,810.00

Intrinsic Value of as of December 21, 2024 is: 8,859.99

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, is Undervalued by 389.50% compared to the current share price 1,810.00

Last 5 Year EPS CAGR: 145.73%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (723.46 cr) compared to borrowings (639.92 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (2.00 cr) and profit (107.92 cr) over the years.
  1. The stock has a low average ROCE of 10.75%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 39.83, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 39.83, which may not be favorable.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 2.61%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 12.94% (Industry Average ROCE: 14.89%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 13.65% (Industry Average ROE: 15.33%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.82
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.7
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 23 (Industry average Stock P/E: 2)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.9
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Rane Holdings Ltd. is a Public Limited Listed company incorporated on 03/03/1936 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L35999TN1936PLC002202 and registration number is 002202. Currently Company is involved in the business activities of Leasing of nonfinancial intangible assets. Company’s Total Operating Revenue is Rs. 88.80 Cr. and Equity Capital is Rs. 14.28 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Holding Company�Maithri�, Chennai (Madras) Tamil Nadu 600086investorservices@ranegroup.com
http://www.ranegroup.com
Management
NamePosition Held
Mr. L LakshmanChairman Emeritus
Mr. L GaneshChairman & Managing Director
Mr. Harish LakshmanVice Chairman & Jt Manag. Dir.
Dr. Brinda JagirdarDirector
Dr. V SumantranDirector
Mr. Rajeev GuptaDirector
Mr. Pradip Kumar BishnoiDirector

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹3605.55, which is 99.20% higher than the current market price of ₹1,810.00. The stock has a market capitalization of 2,585 Cr. and recorded a high/low of 2,576/1,020 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,052 Cr and total liabilities of ₹3,441 Cr.

What is the Market Cap of ?

The Market Cap of is 2,585 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 1,810.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 2,576/1,020.

What is the Stock P/E of ?

The Stock P/E of is 23.0.

What is the Book Value of ?

The Book Value of is 747.

What is the Dividend Yield of ?

The Dividend Yield of is 1.38 %.

What is the ROCE of ?

The ROCE of is 13.0 %.

What is the ROE of ?

The ROE of is 20.7 %.

What is the Face Value of ?

The Face Value of is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE