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Commentary (9 May 2024 @ 05:59):

Stats
Today's Volume	12 049.00
Average Volume	12 805.00
Market Cap	2.66B
EPS	INR0 ( 2024-05-06 )
Next earnings date	( INR0 ) 2024-07-23
Last Dividend	INR2.50 ( 2017-08-11 )
Next Dividend	INR0 ( N/A )
P/E	22.16
ATR14	INR0.642 (0.17%)

Volume Correlation

Long: -0.17 (neutral)

Short: -0.83 (strong negative)

Signal:(42.65) Neutral

Rane Engine Valve Limited Correlation

10 Most Positive Correlations

10 Most Negative Correlations

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Rane Engine Valve Limited Correlation - Currency/Commodity

0.60
( weak )

0.01
( neutral )

0.68
( moderate )

-0.68
( moderate negative )

-0.72
( moderate negative )

0.60
( weak )

Rane Engine Valve Limited Financials

Annual	2023
Revenue:	INR5.67B
Gross Profit:	INR1.63B (28.68 %)
EPS:	INR15.93

FY	2023
Revenue:	INR5.67B
Gross Profit:	INR1.63B (28.68 %)
EPS:	INR15.93

FY	2022
Revenue:	INR4.98B
Gross Profit:	INR2.81B (56.57 %)
EPS:	INR-0.0889

FY	2022
Revenue:	INR3.74B
Gross Profit:	INR1.97B (52.75 %)
EPS:	INR-17.65

Financial Reports:

No articles found.

Rane Engine Valve Limited Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Rane Engine Valve Limited Dividend Information - Ex Dividend Junior

Dividend Sustainability Score: 8.17 - good (81.68%) | Divividend Growth Potential Score: 3.43 - No dividend growth expected in the near future

Information

First Dividend	INR4.50	2008-07-17
Last Dividend	INR2.50	2017-08-11
Next Dividend	INR0	N/A
Payout Date	2017-08-28
Next Payout Date	N/A
# dividends	10	--
Total Paid Out	INR30.00	--
Avg. Dividend % Per Year	0.00%	--
Score	2.34	--
Div. Sustainability Score	8.17
Div.Growth Potential Score	3.43
Div. Directional Score	5.80	--

Next Divdend (Est)
(2024-06-12)

INR0 Estimate 0.00 %

Dividend Stability

0.03 Very Bad

Dividend Score

2.34

Pay Frequency

Annually

Yearly Payout

Year	Amount	Yield
2008	INR0	0.00%
2009	INR0	0.00%
2010	INR0	0.00%
2011	INR0	0.00%
2012	INR0	0.00%
2013	INR0	0.00%
2014	INR0	0.00%
2015	INR0	0.00%
2016	INR0	0.00%
2017	INR0	0.00%
2018	INR0	0.00%
2019	INR0	0.00%
2020	INR0	0.00%
2021	INR0	0.00%
2022	INR0	0.00%
2023	INR0	0.00%
2024	INR0	0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. On the whole, the dividend outlook remains neutral, meriting close observation of both the company's financial health and growth prospects.

Top 10 dividend Companies for NSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
TASTYBITE.NS	Dividend Junior	2023-07-14	Annually	8	0.01%
NGIL.NS	No Dividend Player	2023-09-21	Annually	4	0.08%
IGPL.NS	Dividend Junior	2023-08-17	Sporadic	18	1.12%
CHEMFAB.NS	Dividend Junior	2023-08-22	Sporadic	7	0.32%
SALASAR.NS	Dividend Junior	2023-09-15	Annually	8	1.41%
LUMAXIND.NS	Dividend Junior	2023-08-10	Annually	23	1.26%
GICRE.NS	Dividend Junior	2023-09-07	Sporadic	7	1.34%
ASAHISONG.NS	Dividend Junior	2023-09-21	Annually	14	0.59%
TIMETECHNO.NS	Dividend Junior	2023-09-18	Annually	17	0.93%
PANAMAPET.NS	Dividend Junior	2023-08-22	Annually	14	1.73%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0202	1.500	9.60	10.00	[0 - 0.5]
returnOnAssetsTTM	0.0324	1.200	8.92	10.00	[0 - 0.3]
returnOnEquityTTM	0.102	1.500	9.98	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	1.204	0.800	8.98	7.18	[1 - 3]
quickRatioTTM	0.677	0.800	-0.723	-0.578	[0.8 - 2.5]
cashRatioTTM	0.0140	1.500	-1.033	-1.550	[0.2 - 2]
debtRatioTTM	0.345	-1.500	4.26	-6.39	[0 - 0.6]
interestCoverageTTM	2.59	1.000	-0.152	-0.152	[3 - 30]
operatingCashFlowPerShareTTM	52.78	2.00	10.00	10.00	[0 - 30]
freeCashFlowPerShareTTM	52.78	2.00	10.00	10.00	[0 - 20]
debtEquityRatioTTM	1.009	-1.500	5.96	-8.95	[0 - 2.5]
grossProfitMarginTTM	0.499	1.000	5.02	5.02	[0.2 - 0.8]
operatingProfitMarginTTM	0.0466	1.000	-1.068	-1.068	[0.1 - 0.6]
cashFlowToDebtRatioTTM	0.313	1.000	9.37	9.37	[0.2 - 2]
assetTurnoverTTM	1.602	0.800	2.65	2.12	[0.5 - 2]
Total Score				8.17

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	24.89	1.000	7.59	0	[1 - 100]
returnOnEquityTTM	0.102	2.50	9.99	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	52.78	2.00	10.00	10.00	[0 - 30]
dividendYielPercentageTTM	0	1.500	0	0	[0 - 0.4]
operatingCashFlowPerShareTTM	52.78	2.00	10.00	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	0.250	1.500	-1.665	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0674	1.000	-0.816	0	[0.1 - 0.5]
Total Score				3.43

Rane Engine Valve Limited

Rane Engine Valve Limited, together with its subsidiaries, manufactures and supplies auto components for the internal combustion engine industry. The company offers engine valves, 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 and internationally. The company was founded in 1959 and is headquartered in Chennai, India. Rane Engine Valve Limited is a subsidiary of Rane Holdings Limited.