Rolex Rings Ltd
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
- Market Cap ₹ 3,453 Cr.
- Current Price ₹ 127
- High / Low ₹ 232 / 117
- Stock P/E 18.7
- Book Value ₹ 39.4
- Dividend Yield 0.00 %
- ROCE 22.8 %
- ROE 19.0 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 11.6% over past five years.
- Promoter holding has decreased over last 3 years: -4.29%
* 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.
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 598 | 696 | 770 | 904 | 666 | 616 | 1,017 | 1,179 | 1,222 | 1,155 | 1,136 | |
| 489 | 543 | 609 | 703 | 544 | 507 | 788 | 918 | 960 | 914 | 905 | |
| Operating Profit | 109 | 153 | 161 | 201 | 121 | 109 | 229 | 261 | 262 | 241 | 231 |
| OPM % | 18% | 22% | 21% | 22% | 18% | 18% | 23% | 22% | 21% | 21% | 20% |
| 2 | 9 | 7 | 7 | 9 | 3 | 11 | 19 | -17 | 10 | 20 | |
| Interest | 58 | 55 | 50 | 42 | 32 | 12 | 20 | 10 | 3 | 2 | 2 |
| Depreciation | 22 | 23 | 23 | 25 | 27 | 25 | 26 | 27 | 33 | 40 | 40 |
| Profit before tax | 32 | 84 | 95 | 141 | 72 | 75 | 194 | 243 | 210 | 208 | 209 |
| Tax % | 22% | 9% | 22% | 58% | 27% | -16% | 32% | 19% | 26% | 16% | |
| 25 | 77 | 74 | 59 | 53 | 87 | 132 | 198 | 156 | 174 | 173 | |
| EPS in Rs | 1.03 | 3.19 | 3.07 | 2.46 | 2.21 | 3.63 | 4.84 | 7.27 | 5.73 | 6.39 | 6.37 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 4% |
| TTM: | -7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 12% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -15% |
| 1 Year: | -39% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 23% |
| Last Year: | 19% |
Balance Sheet
Figures in Rs. Crores
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24 | 24 | 24 | 24 | 24 | 24 | 27 | 27 | 27 | 27 |
| Reserves | -24 | 53 | 126 | 191 | 244 | 333 | 518 | 716 | 871 | 1,045 |
| 615 | 544 | 445 | 385 | 259 | 250 | 223 | 82 | 18 | 14 | |
| 126 | 143 | 208 | 182 | 159 | 184 | 218 | 189 | 205 | 196 | |
| Total Liabilities | 741 | 764 | 804 | 782 | 686 | 791 | 985 | 1,013 | 1,121 | 1,282 |
| 335 | 346 | 336 | 382 | 374 | 372 | 380 | 391 | 466 | 444 | |
| CWIP | 8 | -0 | 40 | 1 | -0 | 1 | 46 | 46 | 4 | 34 |
| Investments | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | 107 | 261 |
| 398 | 418 | 428 | 399 | 312 | 417 | 560 | 577 | 543 | 542 | |
| Total Assets | 741 | 764 | 804 | 782 | 686 | 791 | 985 | 1,013 | 1,121 | 1,282 |
Cash Flows
Figures in Rs. Crores
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 156 | 136 | 194 | 184 | 59 | 59 | 213 | 221 | 227 | ||
| -35 | 32 | -36 | -14 | -36 | -68 | -44 | -158 | -191 | ||
| -128 | -121 | -158 | -168 | -20 | 8 | -151 | -66 | -6 | ||
| Net Cash Flow | -7 | 47 | -1 | 1 | 3 | -1 | 18 | -3 | 30 |
Ratios
Figures in Rs. Crores
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 105 | 92 | 95 | 73 | 70 | 101 | 83 | 71 | 65 | 61 |
| Inventory Days | 167 | 150 | 161 | 135 | 145 | 217 | 206 | 156 | 140 | 152 |
| Days Payable | 139 | 142 | 98 | 77 | 82 | 142 | 94 | 68 | 59 | 56 |
| Cash Conversion Cycle | 133 | 100 | 158 | 131 | 133 | 176 | 194 | 159 | 146 | 157 |
| Working Capital Days | -52 | -46 | -30 | -17 | -11 | 9 | 65 | 95 | 98 | 89 |
| ROCE % | 22% | 24% | 30% | 18% | 15% | 31% | 32% | 28% | 23% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 20 Oct
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Oct
-
Announcement With Regards To New ISIN Activation Letter From Depositories For Sub-Division Of Equity Share Of The Company
13 Oct - ISIN INE645S01024 activated after 10-for-1 sub-division (Rs10 to Re1); record date October 17, 2025.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
4 Oct - AGM Sept 29, 2025: all resolutions passed including MD reappointment and share-split approval.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 1 Oct
Annual reports
Concalls
-
Aug 2025Transcript PPT
-
Jun 2025Transcript PPT
-
Feb 2025Transcript PPT
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022Transcript PPT
-
May 2022Transcript PPT
-
Feb 2022Transcript PPT
-
Nov 2021TranscriptNotesPPT
-
Aug 2021Transcript PPT
Market Leadership
The company is among the leading manufacturers of forged and machined components in India. [1]