Rane Brake Lining Ltd (RBL)

Rane Brake Lining to Increase Dividend by 20% - 07 May, 2024

Rane Brake Lining Limited will increase its periodic dividend on July 31st to Rs.30, which is 20% higher than last year's payment. While the payout ratio is low, earnings growth is also minimal, indicating constrained future dividend growth.

Rane Brake Lining Sees High-Frequency Trading Surge - 06 May, 2024

Rane Brake Lining saw a surge in high-frequency trading resulting in a 20% rally and 90% of the free float changing hands. The company's standalone financials for March 2024 showed growth in net sales, net profit, and EPS. No fundamental trigger was identified for the trading activity.

Rane Brake Lining Reports Strong Q4 Results - 03 May, 2024

Auto component manufacturer Rane Brake Lining reported a 28% YoY increase in Q4 net profit, with revenue growing by 12.6%. The company achieved its highest sales figures for both the quarter and fiscal year, while export sales surged by 19% during the quarter and boasted a remarkable 33% growth for the entire fiscal year. The board recommended a dividend of Rs.30 per equity share.

Rane Brake Lining Ltd's Low P/E Ratio Raises Questions - 24 Apr, 2024

Rane Brake Lining Ltd's P/E ratio of 17.6x is lower than the market average, but its recent earnings growth has been excellent. However, investors seem to be expecting limited growth rates in the future and are only willing to pay a reduced amount for the stock.