MarketFriction

Rane Brake Lining Ltd (Merged)

NSE RBL · Auto Components & Equipments
₹745.05 -0.62%
NSE close2025-04-21
Market cap₹576 Cr.
P/E12.6
Merged or delisted Delivery 44.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Sales154.31139.33141.15153.33164.87152.33158.03164.25186.22159.93173.63185.28
Expenses135.05129.40130.95137.27144.82140.73140.45146.17158.10142.43154.44166.72
Operating Profit19.269.9310.2016.0620.0511.6017.5818.0828.1217.5019.1918.56
OPM %12.48%7.13%7.23%10.47%12.16%7.62%11.12%11.01%15.10%10.94%11.05%10.02%
Other Income1.982.563.571.300.960.730.200.69-0.700.571.460.65
Interest0.020.000.000.020.030.000.000.000.030.000.040.26
Depreciation5.524.834.895.045.245.135.165.246.316.115.626.42
Profit before tax15.707.668.8812.3015.747.2012.6213.5321.0811.9614.9912.53
Tax %16.75%24.41%27.03%25.45%23.63%28.06%24.01%25.20%26.99%26.17%26.22%24.42%
Net Profit13.075.796.489.1712.025.189.5910.1215.398.8311.069.47
EPS in Rs16.977.528.4211.9115.616.7312.4513.1419.9911.4714.3612.30
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales370399427466482514471424506599661705
Expenses330353372393407446410363461542585622
Operating Profit404554747568616144567583
OPM %11%11%13%16%16%13%13%14%9%9%11%12%
Other Income223-1136101112812
Interest863100000000
Depreciation182119202424262421202224
Profit before tax172135435549454735455461
Tax %-3%22%27%18%35%26%23%32%22%25%26%
Net Profit171626353637343227334045
EPS in Rs21.7820.3932.6144.2245.2546.2443.4740.7735.1643.4552.3158.12
Dividend Payout %34%34%31%34%34%34%39%61%57%58%58%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth6%5%16%10%
Compounded Profit Growth9%2%9%24%
Stock Price CAGR-4%-3%-4%%
Return on Equity17%14%13%15%
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital888888888888
Reserves104114130159180202221230235253273271
Borrowings815227600000013
Other Liabilities758291105123146131146156113119125
Total Liabilities268255256278311356359384399374401406
Fixed Assets133117104121114118133118114118127125
CWIP012042023479
Investments0000011112462
Other Assets134137149156193235226264280227261270
Total Assets268255256278311356359384399374401406
Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity332945526248447346114929
Cash from Investing Activity-35-10-5-8-34-19-25-35-10-18-48-13
Cash from Financing Activity1-17-43-44-28-21-15-15-24-22-16-20
Net Cash Flow-02-20-1842412-28-14-3
Free Cash Flow-21940442728183534-723-3
CFO/OP107%73%111%115%97%90%92%136%97%48%111%54%
Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days75858185789110076112996781
Inventory Days5455495458567310211813710094
Days Payable9194911241381421611512051697164
Cash Conversion Cycle38453916-161227246697112
Working Capital Days8513272838433551676174
ROCE %10%13%15%23%35%31%25%20%20%15%18%21%
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Promoters70.93%70.93%70.93%70.93%70.93%70.93%70.93%70.93%70.93%70.93%70.93%70.93%
FIIs0.01%0.13%0.00%0.00%0.00%0.08%0.34%0.01%0.09%0.13%0.06%0.04%
DIIs3.56%3.56%3.56%3.56%3.56%3.56%3.58%3.56%4.07%3.35%3.30%3.31%
Public25.50%25.39%25.53%25.52%25.53%25.45%25.17%25.53%24.91%25.58%25.71%25.71%
No. of Shareholders17,14316,13415,67115,49615,55215,87615,53516,44716,98915,83916,63417,369

Fundamentals

Market Cap₹ 576 Cr.
Current Price₹ 745
Stock P/E12.6
Book Value₹ 362
ROCE20.5 %
ROE15.2 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)24%
Standalone figures.
Valuation
Market capRs 576 Cr
Enterprise valueRs 572 Cr
P/E (TTM)12.87x
Price to book2.05x
Price to sales0.82x
EV / EBITDA6.73x
EV / EBIT9.45x
EV / sales0.81x
Price to cash flow19.66x
Earnings yield7.77%
Dividend yield4.03%
P/E, 3-year average15.26x
P/B, 3-year average1.93x
P/E, 5-year average14.66x
P/B, 5-year average1.92x
Profitability
Operating margin (excl. other income)11.41%
Operating margin (incl. other income)11.55%
EBITDA margin12.06%
Pre-tax margin8.59%
Net profit margin6.35%
Net margin, latest quarter5.11%
ROE14.86%
ROCE20.06%
ROA10.40%
ROE, 3-year average13.13%
ROCE, 3-year average17.39%
ROA, 3-year average8.66%
ROE, 5-year average13.74%
ROCE, 5-year average18.57%
ROA, 5-year average8.83%
ROIC (approx.)16.16%
Tax rate26.00%
Other income / net worth0.33%
Growth
Sales growth (latest year)10.36%
Profit growth (latest year)20.38%
Sales CAGR, 3 years15.95%
Sales CAGR, 5 years5.16%
Profit CAGR, 3 years8.20%
Profit CAGR, 5 years1.97%
Sales growth QoQ6.71%
Profit growth QoQ-14.38%
Sales growth YoY (latest quarter)12.80%
Profit growth YoY (latest quarter)-6.42%
Per share
EPS (TTM)Rs 57.89
EPS (latest year)Rs 52.11
EPS (latest quarter)Rs 12.25
EPS, 3-year averageRs 43.44
EPS, 5-year averageRs 42.94
Book value per shareRs 363.63
Sales per shareRs 912.12
Cash flow per shareRs 37.89
Free cash flow per shareRs -3.88
Dividend per share (latest year)Rs 30.00
Dividend per share, 3-year averageRs 24.98
Dividend per share, 5-year averageRs 23.39
Dividends
Dividend payout57.57%
Dividend payout, 3-year average57.47%
Dividend payout, 5-year average54.51%
Efficiency
Asset turnover1.65x
Fixed asset turnover5.21x
Inventory turnover4.51x
Inventory days81 days
Debtor days81 days
Debtors turnover4.49x
Creditor days64 days
Cash conversion cycle112 days
Working capital days74 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 4 Cr
Net debtRs -4 Cr
Debt to equity0.00x
Net debt / EBITDA-0.04x
Interest coverage2019.67x
Owners' fund to total sources70.14%
Debt to assets0.16%
Cash flow
Cash from Operating Activity (latest year)Rs 29 Cr
Cash from Investing Activity (latest year)Rs -13 Cr
Cash from Financing Activity (latest year)Rs -20 Cr
Net Cash Flow (latest year)Rs -3 Cr
Free cash flow (latest year)Rs -3 Cr
FCFE (approx.: FCF + change in debt)Rs -3 Cr
Cash from ops / profit, 5 years1.25x
Sales to cash flow22.56x
Statement figures
Net sales (TTM)Rs 705 Cr
Net sales (latest year)Rs 661 Cr
Sales (latest quarter)Rs 185 Cr
Operating profit excl. other income (latest year)Rs 75 Cr
Operating profit (latest quarter)Rs 19 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 85 Cr
PBDT (TTM)Rs 85 Cr
Profit before tax (TTM)Rs 61 Cr
Tax (latest year)Rs 14 Cr
Net profit (TTM)Rs 45 Cr
Net profit (latest year)Rs 40 Cr
Net profit (latest quarter)Rs 9 Cr
Depreciation (TTM)Rs 24 Cr
Depreciation (latest quarter)Rs 6 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 421 Cr
Total expenditure (latest year)Rs 585 Cr
Total income (latest year)Rs 662 Cr
Share capitalRs 8 Cr
ReservesRs 273 Cr
Shareholders' fundsRs 281 Cr
Total assetsRs 401 Cr
Net blockRs 127 Cr
Capital work in progressRs 7 Cr
InvestmentsRs 6 Cr
ReceivablesRs 147 Cr
InventoryRs 94 Cr
Other liabilitiesRs 119 Cr
Shares outstanding (crore)0.77
Ownership
Promoter holding70.93% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 12.9 is at the 19th percentile of its own 8.6-year range (median 18.0, low 7.4, high 34.9).
P/B 2.05 is at the 17th percentile (median 2.49).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRBLNifty 50Difference
1 week+9.0%-2.8% +11.8 pts
1 month+14.4%-6.8% +21.2 pts
3 months-16.0%-7.6% -8.4 pts
6 months-35.9%+0.4% -36.3 pts
1 year-2.0%-9.9% +7.9 pts
2 years+12.9%-13.6% +26.5 pts
3 years+17.7%+14.2% +3.5 pts
5 years+71.5%+27.9% +43.6 pts

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Dec 2024
Sales ₹185 Cr +12.8% vs Dec 2023. Net profit ₹9 Cr -6.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-07-15Annual General Meeting/Dividend - Rs 30 Per Share
2023-07-17Annual General Meeting/Dividend - Rs 25 Per Share
2022-06-20Annual General Meeting/Dividend - Rs 20 Per Share
2021-07-16 Annual General Meeting/Dividend - Rs 25 Per Share
2020-07-28 Annual General Meeting/Dividend - Rs 11 Per Share
2020-02-03 Interim Dividend - Rs 6 Per Share
2019-07-17 Annual General Meeting/Dividend Rs 9 Per Share
2019-02-06 Interim Dividend - Rs 6.50 Per Share
2018-07-16 Annual General Meeting/Dividend Rs 9 Per Share
2018-02-07 Interim Dividend Rs 6.50 Per Share
2017-08-14 Annual General Meeting/Dividend - Rs 9/- Per Share
2017-02-01 Interim Dividend Rs 6/- Per Share
2016-03-17 Interim Dividend - Rs 10/- Per Share (Purpose Revised)
2015-07-09Annual General Meeting / Dividend Rs 7/- Per Share
2014-07-10Annual General Meeting / Dividend - Rs 7.50/- Per Share
2013-07-18Annual General Meeting And Final Dividend @ Rs 2/- Per Equity Share
2013-01-31Interim Dividend 2 Per Share
2012-07-05Annual General Meeting/Dividend Rs 3 Per Share
2012-02-06Interim Dividend Rs.4/- Per Share
2011-07-14Dividend-Rs.2/- Per Share
2011-02-03Interim Dividend-Rs.3/- Per Share
2010-07-12Final Dividend-Rs.1.50 Per Share
2010-01-28Int Div-Rs.3/- Per Share Purpose Revised
2009-07-16Dividend-Rs.2/- Per Share
2008-07-17Dividend - 40%
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Rane Brake Lining Ltd (Merged)?

Rane Brake Lining Ltd (Merged) (RBL) has a market capitalisation of Rs 576 Cr. at the 2025-04-21 close.

What is the P/E ratio of Rane Brake Lining Ltd (Merged)?

Rane Brake Lining Ltd (Merged) trades at a P/E of 12.6 on trailing twelve-month profit, at the 2025-04-21 close.

What were Rane Brake Lining Ltd (Merged)'s latest quarterly results?

In the Dec 2024 quarter, Rane Brake Lining Ltd (Merged) sales was Rs 185 Cr (+12.8% vs Dec 2023) and net profit was Rs 9 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03