Rolex Rings Ltd

Rolex Rings Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rolex Rings Ltd

₹ 2,023 2.93%
14 Nov - close price
rolexrings.com BSE: 543325 NSE: ROLEXRINGS
About

Rolex Rings is a leading manufacturer of forged and machined components in India and is one of the top 5 forging companies in India. The company is a Global supplier of hot rolled forged, machined bearing rings and automotive components for various segments of vehicles, Industrial Machinery, Wind Turbines and Railways

Key Points

Market Leadership
The company is among the leading manufacturers of forged and machined components in India. [1]

Website BSE NSE
  • Market Cap ₹ 5,511 Cr.
  • Current Price ₹ 2,023
  • High / Low ₹ 2,794 / 1,720
  • Stock P/E 31.0
  • Book Value ₹ 366
  • Dividend Yield 0.00 %
  • ROCE 28.0 %
  • ROE 21.8 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 24.9% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 26.6%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -1.90%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Castings, Forgings & Fastners Industry: Castings & Forgings

Part of Nifty Microcap 250 Nifty Total Market BSE Allcap BSE SmallCap BSE Consumer Discretionary

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
258 242 288 285 287 307 299 311 321 273 316 311 300
201 190 222 221 224 239 235 241 253 221 244 240 234
Operating Profit 57 52 66 64 64 68 65 70 67 53 72 71 66
OPM % 22% 22% 23% 22% 22% 22% 22% 22% 21% 19% 23% 23% 22%
1 1 6 7 5 7 0 2 4 5 -28 5 9
Interest 6 2 5 4 2 4 0 1 1 0 1 0 1
Depreciation 6 7 6 6 7 7 7 7 7 7 12 9 10
Profit before tax 46 44 60 61 60 65 57 65 63 50 31 67 65
Tax % 28% 32% 35% 18% 19% 19% 19% 26% 26% 26% 25% 25% 24%
33 30 39 50 49 53 46 48 47 37 24 50 49
EPS in Rs 12.00 10.95 14.34 18.26 18.06 19.38 17.04 17.79 17.24 13.59 8.67 18.33 18.09
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
598 696 770 904 666 616 1,010 1,179 1,222 1,201
489 543 609 703 544 507 781 918 960 939
Operating Profit 109 153 161 201 121 109 229 261 262 262
OPM % 18% 22% 21% 22% 18% 18% 23% 22% 21% 22%
2 9 7 7 9 3 11 19 -17 -8
Interest 58 55 50 42 32 12 20 10 3 2
Depreciation 22 23 23 25 27 25 26 27 33 38
Profit before tax 32 84 95 141 72 75 194 243 210 213
Tax % 22% 9% 22% 58% 27% -16% 32% 19% 26%
25 77 74 59 53 87 132 198 156 160
EPS in Rs 10.26 31.90 30.69 24.62 22.08 36.26 48.43 72.74 57.30 58.68
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 6%
3 Years: 26%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: 25%
3 Years: 27%
TTM: -9%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 21%
1 Year: -12%
Return on Equity
10 Years: %
5 Years: 26%
3 Years: 27%
Last Year: 22%

Balance Sheet

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 24 24 24 24 24 24 27 27 27 27
Reserves -24 53 126 191 244 333 518 716 871 970
615 544 445 385 259 250 223 82 18 21
126 143 208 182 159 191 217 189 205 211
Total Liabilities 741 764 804 782 686 797 985 1,013 1,121 1,230
335 346 336 382 374 372 380 391 466 460
CWIP 8 0 40 1 0 1 46 46 4 4
Investments 0 0 0 0 0 0 0 0 107 196
398 418 428 399 312 423 559 577 543 570
Total Assets 741 764 804 782 686 797 985 1,013 1,121 1,230

Cash Flows

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
156 136 194 184 59 59 213 221
-35 32 -36 -14 -36 -68 -44 -158
-128 -121 -158 -168 -20 8 -151 -66
Net Cash Flow -7 47 -1 1 3 -1 18 -3

Ratios

Figures in Rs. Crores

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 105 92 95 73 70 101 83 71 65
Inventory Days 167 150 161 135 145 217 206 156 140
Days Payable 139 142 98 77 82 149 94 68 59
Cash Conversion Cycle 133 100 158 131 133 169 195 159 146
Working Capital Days 101 80 96 78 96 117 138 120 103
ROCE % 22% 24% 30% 18% 15% 31% 32% 28%

Shareholding Pattern

Numbers in percentages

11 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
57.64% 57.64% 57.64% 57.64% 57.64% 57.64% 55.25% 55.25% 55.25% 55.25% 55.25% 53.35%
3.50% 1.92% 1.71% 3.18% 3.93% 4.06% 5.01% 5.60% 6.28% 7.75% 6.99% 7.97%
19.37% 20.37% 22.39% 32.69% 31.93% 31.76% 32.47% 32.09% 31.68% 29.91% 30.43% 31.86%
19.49% 20.07% 18.26% 6.48% 6.51% 6.53% 7.28% 7.06% 6.79% 7.11% 7.34% 6.83%
No. of Shareholders 60,16951,55546,04246,75246,79445,75748,49749,14148,16949,80648,93047,628

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls