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Commentary (9 May 2024 @ 03:18):

Rane Brake Lining Limited manufactures and markets auto components to original equipment manufacturers and aftermarket customers in India and internationally...

Stats
Today's Volume	30 051.00
Average Volume	77 486.00
Market Cap	7.36B
EPS	INR0 ( 2024-05-08 )
Next earnings date	( INR0 ) 2024-07-21
Last Dividend	INR25.00 ( 2023-07-14 )
Next Dividend	INR0 ( N/A )
P/E	19.94
ATR14	INR2.83 (0.30%)

Volume Correlation

Long: 0.24 (neutral)

Short: -0.26 (neutral)

Signal:(46.015) Neutral

Rane Brake Lining 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 Brake Lining Limited Correlation - Currency/Commodity

-0.07
( neutral )

-0.18
( neutral )

-0.25
( neutral )

-0.11
( neutral )

-0.35
( neutral )

-0.12
( neutral )

Rane Brake Lining Limited Financials

Annual	2023
Revenue:	INR6.61B
Gross Profit:	INR1.90B (28.70 %)
EPS:	INR52.11

FY	2023
Revenue:	INR6.61B
Gross Profit:	INR1.90B (28.70 %)
EPS:	INR52.11

FY	2022
Revenue:	INR5.99B
Gross Profit:	INR2.69B (44.94 %)
EPS:	INR43.29

FY	2022
Revenue:	INR5.04B
Gross Profit:	INR2.22B (43.98 %)
EPS:	INR35.03

Financial Reports:

No articles found.

Rane Brake Lining 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)	INR25.00 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Rane Brake Lining Limited Dividend Information - Dividend Knight

Dividend Sustainability Score: 9.08 - good (90.85%) | Divividend Growth Potential Score: 5.69 - Stable (13.80%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR4.00	2008-07-17
Last Dividend	INR25.00	2023-07-14
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	24	--
Total Paid Out	INR184.00	--
Avg. Dividend % Per Year	1.97%	--
Score	3.75	--
Div. Sustainability Score	9.08
Div.Growth Potential Score	5.69
Div. Directional Score	7.39	--

Next Divdend (Est)
(2024-09-27)

INR27.19 Estimate 3.44 %

Dividend Stability

0.28 Very Poor

Dividend Score

3.75

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	INR15.50	1.66%
2019	INR15.50	2.72%
2020	INR17.00	2.40%
2021	INR25.00	3.21%
2022	INR20.00	2.42%
2023	INR25.00	3.38%
2024	INR0	0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. However, its Dividend Growth Potential Score (DGPS) is only moderate, indicating limited growth potential. In summary, the company provides a promising overall dividend outlook, balancing both sustainability and growth potential.

Top 10 dividend Companies for NSE

Symbol	Title	Last dividend	Frequency	Years Dividend	Yearly Dividend
POWERGRID.NS	Dividend Knight	2023-08-08	Semi-Annually	17	5.08%
JTLIND.NS	Dividend Junior	2023-08-04	Insufficient data to determine frequency	2	0.04%
DPABHUSHAN.NS	Dividend Junior	2023-09-22	Annually	3	0.15%
ABBOTINDIA.NS	Dividend Junior	2023-07-20	Annually	17	0.52%
SRF.NS	Dividend Junior	2023-08-01	Semi-Annually	21	0.25%
MPHASIS.NS	Dividend Knight	2023-07-05	Annually	20	1.43%
HESTERBIO.NS	Dividend Junior	2023-09-13	Annually	10	0.31%
BIRLACABLE.NS	Dividend Junior	2023-09-04	Sporadic	11	0.93%
RBL.NS	Dividend Knight	2023-07-14	Annually	17	1.97%
KOTARISUG.NS	Dividend Junior	2023-08-03	Sporadic	11	0.58%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0610	1.500	8.78	10.00	[0 - 0.5]
returnOnAssetsTTM	0.101	1.200	6.65	7.98	[0 - 0.3]
returnOnEquityTTM	0.153	1.500	9.41	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	2.26	0.800	3.71	2.97	[1 - 3]
quickRatioTTM	1.380	0.800	6.59	5.27	[0.8 - 2.5]
cashRatioTTM	0.0379	1.500	-0.900	-1.351	[0.2 - 2]
debtRatioTTM	0.00157	-1.500	9.97	-10.00	[0 - 0.6]
interestCoverageTTM	0	1.000	-1.111	-1.111	[3 - 30]
operatingCashFlowPerShareTTM	40.18	2.00	10.00	10.00	[0 - 30]
freeCashFlowPerShareTTM	40.18	2.00	10.00	10.00	[0 - 20]
debtEquityRatioTTM	0.00224	-1.500	9.99	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.406	1.000	6.57	6.57	[0.2 - 0.8]
operatingProfitMarginTTM	0.0824	1.000	-0.353	-0.353	[0.1 - 0.6]
cashFlowToDebtRatioTTM	49.30	1.000	10.00	10.00	[0.2 - 2]
assetTurnoverTTM	1.649	0.800	2.34	1.871	[0.5 - 2]
Total Score				9.08

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	18.58	1.000	8.22	0	[1 - 100]
returnOnEquityTTM	0.153	2.50	9.62	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	40.18	2.00	10.00	10.00	[0 - 30]
dividendYielPercentageTTM	2.58	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	40.18	2.00	10.00	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	0.803	1.500	7.98	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0470	1.000	-1.325	0	[0.1 - 0.5]
Total Score				5.69

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 was formerly known as Rane Brake Products Limited and changed its name to Rane Brake Lining Limited in February 2008. The company was founded in 1929 and is headquartered in Chennai, India.