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 ₹ 4,286 Cr.
- Current Price ₹ 1,574
- High / Low ₹ 2,794 / 1,170
- Stock P/E 22.6
- Book Value ₹ 394
- Dividend Yield 0.00 %
- ROCE 22.8 %
- ROE 19.2 %
- Face Value ₹ 10.0
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 | |
---|---|---|---|---|---|---|---|---|---|---|
598 | 696 | 770 | 904 | 666 | 616 | 1,017 | 1,179 | 1,222 | 1,155 | |
489 | 543 | 609 | 703 | 544 | 507 | 788 | 918 | 960 | 914 | |
Operating Profit | 109 | 153 | 161 | 201 | 121 | 109 | 229 | 261 | 262 | 241 |
OPM % | 18% | 22% | 21% | 22% | 18% | 18% | 23% | 22% | 21% | 21% |
2 | 9 | 7 | 7 | 9 | 3 | 11 | 19 | -17 | 10 | |
Interest | 58 | 55 | 50 | 42 | 32 | 12 | 20 | 10 | 3 | 2 |
Depreciation | 22 | 23 | 23 | 25 | 27 | 25 | 26 | 27 | 33 | 40 |
Profit before tax | 32 | 84 | 95 | 141 | 72 | 75 | 194 | 243 | 210 | 208 |
Tax % | 22% | 9% | 22% | 58% | 27% | -16% | 32% | 19% | 26% | 16% |
25 | 77 | 74 | 59 | 53 | 87 | 132 | 198 | 156 | 174 | |
EPS in Rs | 10.26 | 31.90 | 30.69 | 24.62 | 22.08 | 36.26 | 48.43 | 72.74 | 57.30 | 63.89 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 4% |
TTM: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 29% |
3 Years: | 13% |
TTM: | 6% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 1% |
1 Year: | -35% |
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 | 101 | 80 | 96 | 78 | 96 | 137 | 137 | 120 | 103 | 176 |
ROCE % | 22% | 24% | 30% | 18% | 15% | 31% | 32% | 28% | 23% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
6 Jun - Rolex Rings Q4 FY25 earnings call: 9% QoQ revenue growth, 23% EBITDA margin, bearing segment sluggish, auto components growing.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
3 Jun - Newspaper Publication for Audited Results for Quarter and Year ended 31st March, 2025
- Announcement under Regulation 30 (LODR)-Investor Presentation 1 Jun
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Board Meeting Outcome for Outcome Of Board Meeting For Approval Of Audited Results For March 31, 2025
30 May - Qualified audit opinion due to Rs 2,278.60 mn bank demand; Rs 506 mn provision recognized; FY25 audited results approved.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
28 May - Annual Secretarial Compliance Report for FY ended March 31, 2025 submitted as per SEBI regulations.
Annual reports
Concalls
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021TranscriptNotesPPT
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Aug 2021Transcript PPT
Market Leadership
The company is among the leading manufacturers of forged and machined components in India. [1]