Rane Brake Lining Limited
Rane Brake Lining Limited manufactures and markets auto components to original equipment manufacturers and aftermarket customers in India and internationally. It offers friction material products, such as brake linings, disc pads, clutch facings, clutch buttons, brake shoes, and railway brake blocks for passenger cars, utility vehicles, commercial vehicles, two wheelers, and railways. The company… Read more
Rane Brake Lining Limited (RBL) - Net Assets
Latest net assets as of September 2024: ₹2.79 Billion INR
Based on the latest financial reports, Rane Brake Lining Limited (RBL) has net assets worth ₹2.79 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 (₹4.06 Billion) and total liabilities (₹1.28 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 | ₹2.79 Billion |
| % of Total Assets | 68.58% |
| Annual Growth Rate | 4.85% |
| 5-Year Change | 22.84% |
| 10-Year Change | 130.96% |
| Growth Volatility | 14.3 |
Rane Brake Lining Limited - Net Assets Trend (2007–2024)
This chart illustrates how Rane Brake Lining 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 Brake Lining Limited (2007–2024)
The table below shows the annual net assets of Rane Brake Lining Limited from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | ₹2.81 Billion | +7.62% |
| 2023-03-31 | ₹2.61 Billion | +7.55% |
| 2022-03-31 | ₹2.43 Billion | +2.18% |
| 2021-03-31 | ₹2.38 Billion | +3.86% |
| 2020-03-31 | ₹2.29 Billion | +9.08% |
| 2019-03-31 | ₹2.10 Billion | +11.46% |
| 2018-03-31 | ₹1.88 Billion | +12.75% |
| 2017-03-31 | ₹1.67 Billion | +21.03% |
| 2016-03-31 | ₹1.38 Billion | +13.34% |
| 2015-03-31 | ₹1.22 Billion | +8.41% |
| 2014-03-31 | ₹1.12 Billion | +10.05% |
| 2013-03-31 | ₹1.02 Billion | +5.61% |
| 2012-03-31 | ₹965.90 Million | +11.24% |
| 2011-03-31 | ₹868.33 Million | +14.02% |
| 2010-03-31 | ₹761.55 Million | +14.12% |
| 2009-03-31 | ₹667.35 Million | +1.59% |
| 2008-03-31 | ₹656.93 Million | -47.74% |
| 2007-03-31 | ₹1.26 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rane Brake Lining 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 grown by 59830000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹598.30 Million | 21.29% |
| Common Stock | ₹77.30 Million | 2.75% |
| Other Comprehensive Income | ₹2.14 Billion | 75.96% |
| Total Equity | ₹2.81 Billion | 100.00% |
Rane Brake Lining Limited Competitors by Market Cap
The table below lists competitors of Rane Brake Lining Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kirklands Inc
NASDAQ:KIRK
|
$19.13 Million |
|
Finesse Technology Co., Ltd
TWO:7704
|
$19.13 Million |
|
Aditya Birla Money Limited
NSE:BIRLAMONEY
|
$19.14 Million |
|
Makim Makina Teknolojileri Sanayi ve Ticaret A.S.
IS:MAKIM
|
$19.14 Million |
|
SGA Solutions Co.Ltd
KQ:184230
|
$19.12 Million |
|
Compa Sibiu
RO:CMP
|
$19.12 Million |
|
Microcosm Technology Co Ltd
TWO:3354
|
$19.12 Million |
|
United-Guardian Inc
NASDAQ:UG
|
$19.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rane Brake Lining Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,611,800,000 to 2,810,800,000, a change of 199,000,000 (7.6%).
- Net income of 402,800,000 contributed positively to equity growth.
- Dividend payments of 193,200,000 reduced retained earnings.
- Other comprehensive income increased equity by 433,800,001.
- Other factors decreased equity by 444,400,001.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹402.80 Million | +14.33% |
| Dividends Paid | ₹193.20 Million | -6.87% |
| Other Comprehensive Income | ₹433.80 Million | +15.43% |
| Other Changes | ₹-444.40 Million | -15.81% |
| Total Change | ₹- | 7.62% |
Book Value vs Market Value Analysis
This analysis compares Rane Brake Lining 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: 2.05x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.34x to 2.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-03-31 | ₹171.64 | ₹745.05 | x |
| 2008-03-31 | ₹91.05 | ₹745.05 | x |
| 2009-03-31 | ₹92.49 | ₹745.05 | x |
| 2010-03-31 | ₹96.50 | ₹745.05 | x |
| 2011-03-31 | ₹109.71 | ₹745.05 | x |
| 2012-03-31 | ₹122.03 | ₹745.05 | x |
| 2013-03-31 | ₹128.88 | ₹745.05 | x |
| 2014-03-31 | ₹141.83 | ₹745.05 | x |
| 2015-03-31 | ₹153.76 | ₹745.05 | x |
| 2016-03-31 | ₹174.26 | ₹745.05 | x |
| 2017-03-31 | ₹210.90 | ₹745.05 | x |
| 2018-03-31 | ₹238.24 | ₹745.05 | x |
| 2019-03-31 | ₹265.53 | ₹745.05 | x |
| 2020-03-31 | ₹289.65 | ₹745.05 | x |
| 2021-03-31 | ₹300.84 | ₹745.05 | x |
| 2022-03-31 | ₹315.38 | ₹745.05 | x |
| 2023-03-31 | ₹337.88 | ₹745.05 | x |
| 2024-03-31 | ₹363.63 | ₹745.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rane Brake Lining 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): 14.33%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.11%
- • Asset Turnover: 1.65x
- • Equity Multiplier: 1.43x
- Recent ROE (14.33%) is below the historical average (14.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 13.97% | 9.18% | 0.80x | 1.90x | ₹49.15 Million |
| 2008 | 13.61% | 4.94% | 1.09x | 2.53x | ₹23.71 Million |
| 2009 | 4.34% | 1.51% | 1.17x | 2.45x | ₹-37.80 Million |
| 2010 | 13.25% | 4.27% | 1.38x | 2.25x | ₹24.72 Million |
| 2011 | 17.60% | 5.00% | 1.48x | 2.38x | ₹65.99 Million |
| 2012 | 16.76% | 4.51% | 1.43x | 2.61x | ₹65.31 Million |
| 2013 | 8.92% | 2.42% | 1.44x | 2.56x | ₹-11.02 Million |
| 2014 | 15.33% | 4.48% | 1.43x | 2.39x | ₹59.84 Million |
| 2015 | 13.24% | 3.87% | 1.63x | 2.10x | ₹39.40 Million |
| 2016 | 18.68% | 5.74% | 1.75x | 1.86x | ₹119.67 Million |
| 2017 | 20.80% | 7.12% | 1.75x | 1.67x | ₹180.27 Million |
| 2018 | 18.99% | 7.39% | 1.56x | 1.65x | ₹169.29 Million |
| 2019 | 17.41% | 7.12% | 1.44x | 1.70x | ₹155.53 Million |
| 2020 | 15.01% | 7.31% | 1.31x | 1.57x | ₹114.58 Million |
| 2021 | 13.38% | 7.52% | 1.10x | 1.62x | ₹80.34 Million |
| 2022 | 11.15% | 5.37% | 1.26x | 1.64x | ₹27.86 Million |
| 2023 | 12.81% | 5.59% | 1.60x | 1.43x | ₹73.42 Million |
| 2024 | 14.33% | 6.11% | 1.65x | 1.43x | ₹121.72 Million |
Industry Comparison
This section compares Rane Brake Lining 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 Brake Lining Limited (RBL) | ₹2.79 Billion | 13.97% | 0.46x | $19.12 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 |