Rane Engine Valve Limited
Rane Engine Valve Limited, together with its subsidiaries, manufactures and markets auto components for the internal combustion engine industry. The company offers engine valves, valve guides, and tappets for passenger cars, commercial vehicles, farm tractors, stationary engines, railway/marine engines, and two/three wheelers. It serves original equipment manufacturer and aftermarkets in India an… Read more
Rane Engine Valve Limited (RANEENGINE) - Net Assets
Latest net assets as of September 2024: ₹1.24 Billion INR
Based on the latest financial reports, Rane Engine Valve Limited (RANEENGINE) has net assets worth ₹1.24 Billion INR as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹3.85 Billion) and total liabilities (₹2.61 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹1.24 Billion |
| % of Total Assets | 32.31% |
| Annual Growth Rate | 1.42% |
| 5-Year Change | 8.84% |
| 10-Year Change | 4.58% |
| Growth Volatility | 27.3 |
Rane Engine Valve Limited - Net Assets Trend (2007–2024)
This chart illustrates how Rane Engine Valve Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Rane Engine Valve Limited (2007–2024)
The table below shows the annual net assets of Rane Engine Valve Limited from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | ₹1.21 Billion | +15.21% |
| 2023-03-31 | ₹1.05 Billion | +7.93% |
| 2022-03-31 | ₹971.60 Million | -7.61% |
| 2021-03-31 | ₹1.05 Billion | -5.26% |
| 2020-03-31 | ₹1.11 Billion | -12.81% |
| 2019-03-31 | ₹1.27 Billion | -9.70% |
| 2018-03-31 | ₹1.41 Billion | -12.95% |
| 2017-03-31 | ₹1.62 Billion | +57.31% |
| 2016-03-31 | ₹1.03 Billion | -10.88% |
| 2015-03-31 | ₹1.16 Billion | +83.63% |
| 2014-03-31 | ₹629.10 Million | -31.62% |
| 2013-03-31 | ₹920.00 Million | -12.05% |
| 2012-03-31 | ₹1.05 Billion | +16.08% |
| 2011-03-31 | ₹901.22 Million | +9.76% |
| 2010-03-31 | ₹821.11 Million | +2.96% |
| 2009-03-31 | ₹797.52 Million | +0.79% |
| 2008-03-31 | ₹791.27 Million | -16.76% |
| 2007-03-31 | ₹950.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rane Engine Valve Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 35180000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₹72.30 Million | 5.98% |
| Other Comprehensive Income | ₹13.40 Million | 1.11% |
| Other Components | ₹1.47 Billion | 122.03% |
| Total Equity | ₹1.21 Billion | 100.00% |
Rane Engine Valve Limited Competitors by Market Cap
The table below lists competitors of Rane Engine Valve Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hantop Inc
KQ:002680
|
$9.82 Million |
|
Elton International Trading Company S.A
AT:ELTON
|
$9.82 Million |
|
Jetbest
TWO:4741
|
$9.82 Million |
|
CU Tech Corp.
KQ:376290
|
$9.82 Million |
|
Dayou AP Co.Ltd
KQ:290120
|
$9.82 Million |
|
Zodiac Clothing Company Limited
NSE:ZODIACLOTH
|
$9.82 Million |
|
MISSION GROUP PLC LS -10
F:M7K
|
$9.81 Million |
|
Agtira AB
ST:AGTIRA-B
|
$9.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rane Engine Valve Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,048,600,000 to 1,208,100,000, a change of 159,500,000 (15.2%).
- Net income of 114,600,000 contributed positively to equity growth.
- New share issuances of 37,500,000 increased equity.
- Other comprehensive income decreased equity by 1,342,000,000.
- Other factors increased equity by 1,349,400,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹114.60 Million | +9.49% |
| Share Issuances | ₹37.50 Million | +3.1% |
| Other Comprehensive Income | ₹-1.34 Billion | -111.08% |
| Other Changes | ₹1.35 Billion | +111.7% |
| Total Change | ₹- | 15.21% |
Book Value vs Market Value Analysis
This analysis compares Rane Engine Valve Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.89x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.72x to 1.89x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-03-31 | ₹184.54 | ₹317.75 | x |
| 2008-03-31 | ₹153.62 | ₹317.75 | x |
| 2009-03-31 | ₹154.83 | ₹317.75 | x |
| 2010-03-31 | ₹159.41 | ₹317.75 | x |
| 2011-03-31 | ₹174.96 | ₹317.75 | x |
| 2012-03-31 | ₹203.08 | ₹317.75 | x |
| 2013-03-31 | ₹178.61 | ₹317.75 | x |
| 2014-03-31 | ₹122.13 | ₹317.75 | x |
| 2015-03-31 | ₹171.93 | ₹317.75 | x |
| 2016-03-31 | ₹153.22 | ₹317.75 | x |
| 2017-03-31 | ₹241.03 | ₹317.75 | x |
| 2018-03-31 | ₹209.82 | ₹317.75 | x |
| 2019-03-31 | ₹189.48 | ₹317.75 | x |
| 2020-03-31 | ₹165.20 | ₹317.75 | x |
| 2021-03-31 | ₹156.51 | ₹317.75 | x |
| 2022-03-31 | ₹144.61 | ₹317.75 | x |
| 2023-03-31 | ₹155.39 | ₹317.75 | x |
| 2024-03-31 | ₹167.94 | ₹317.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rane Engine Valve Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.49%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.06%
- • Asset Turnover: 1.57x
- • Equity Multiplier: 2.93x
- Recent ROE (9.49%) is above the historical average (-0.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 15.41% | 7.96% | 1.08x | 1.79x | ₹51.44 Million |
| 2008 | 3.06% | 1.22% | 1.02x | 2.47x | ₹-54.92 Million |
| 2009 | 2.77% | 1.00% | 1.03x | 2.68x | ₹-57.65 Million |
| 2010 | 5.24% | 1.82% | 1.08x | 2.65x | ₹-39.11 Million |
| 2011 | 11.99% | 3.75% | 1.23x | 2.60x | ₹17.91 Million |
| 2012 | 19.85% | 6.77% | 1.17x | 2.51x | ₹103.09 Million |
| 2013 | -13.71% | -4.80% | 1.05x | 2.73x | ₹-218.10 Million |
| 2014 | -46.24% | -10.94% | 1.06x | 3.97x | ₹-353.81 Million |
| 2015 | 20.33% | 5.94% | 1.15x | 2.97x | ₹119.28 Million |
| 2016 | -12.18% | -3.59% | 1.13x | 3.00x | ₹-228.35 Million |
| 2017 | 35.23% | 15.84% | 1.19x | 1.87x | ₹408.55 Million |
| 2018 | -12.10% | -4.55% | 1.17x | 2.27x | ₹-311.58 Million |
| 2019 | -10.66% | -3.21% | 1.23x | 2.69x | ₹-263.01 Million |
| 2020 | -14.72% | -4.70% | 1.15x | 2.73x | ₹-274.40 Million |
| 2021 | -5.79% | -2.05% | 0.98x | 2.87x | ₹-166.06 Million |
| 2022 | -12.21% | -3.17% | 1.20x | 3.21x | ₹-215.76 Million |
| 2023 | -0.06% | -0.01% | 1.41x | 3.36x | ₹-105.46 Million |
| 2024 | 9.49% | 2.06% | 1.57x | 2.93x | ₹-6.21 Million |
Industry Comparison
This section compares Rane Engine Valve Limited's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rane Engine Valve Limited (RANEENGINE) | ₹1.24 Billion | 15.41% | 2.09x | $9.82 Million |
| Allcargo Gati Limited (ACLGATI) | $8.47 Billion | -9.25% | 0.88x | $113.19 Million |
| Arihant Foundations & Housing Limited (ARIHANT) | $1.79 Billion | -5.18% | 1.60x | $3.95 Million |
| Artemis Medicare Services Limited (ARTEMISMED) | $2.47 Billion | 10.99% | 0.90x | $83.00 Million |
| Dhani Services Limited (DHANI) | $3.70 Billion | 68.11% | 3.17x | $141.20 Million |
| Gujarat Raffia Industries Limited (GUJRAFFIA) | $190.90 Million | 5.86% | 0.72x | $1.41 Million |
| Ind-Swift Limited (INDSWFTLTD) | $-6.95 Billion | 0.00% | 0.00x | $3.27 Million |
| ICICI Securities Limited (ISEC) | $39.23 Billion | 43.25% | 5.53x | $845.25 Million |
| Inox Wind Energy Limited (IWEL) | $20.04 Billion | -9.36% | 1.04x | $341.31 Million |
| Mangalore Chemicals & Fertilizers Limited (MANGCHEFER) | $8.03 Billion | 16.77% | 2.31x | $138.23 Million |
| Oriental Carbon & Chemicals Limited (OCCL) | $682.22 Million | 11.18% | 0.61x | $12.20 Million |