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 ₹ 5,311 Cr.
- Current Price ₹ 1,950
- High / Low ₹ 2,199 / 1,107
- Stock P/E 27.8
- Book Value ₹ 236
- Dividend Yield 0.00 %
- ROCE 31.3 %
- ROE 28.9 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.4%
Cons
- Stock is trading at 8.25 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 7.88% over past five years.
* 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: Auto Ancillaries Industry: Auto Ancillaries
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 | TTM | |
---|---|---|---|---|---|---|---|---|
598 | 696 | 770 | 904 | 666 | 616 | 1,017 | 1,174 | |
489 | 543 | 609 | 703 | 544 | 507 | 788 | 911 | |
Operating Profit | 109 | 153 | 161 | 201 | 121 | 109 | 229 | 262 |
OPM % | 18% | 22% | 21% | 22% | 18% | 18% | 23% | 22% |
2 | 9 | 7 | 7 | 9 | 3 | 11 | 25 | |
Interest | 58 | 55 | 50 | 42 | 32 | 12 | 20 | 15 |
Depreciation | 22 | 23 | 23 | 25 | 27 | 25 | 26 | 26 |
Profit before tax | 32 | 84 | 95 | 141 | 72 | 75 | 194 | 246 |
Tax % | 22% | 9% | 22% | 58% | 27% | -16% | 32% | |
Net Profit | 25 | 77 | 74 | 59 | 53 | 87 | 132 | 191 |
EPS in Rs | 10.26 | 31.90 | 30.69 | 24.62 | 22.08 | 36.26 | 48.43 | 70.04 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 8% |
3 Years: | 4% |
TTM: | 25% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 31% |
TTM: | 45% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 67% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 30% |
3 Years: | 26% |
Last Year: | 29% |
Balance Sheet
Figures in Rs. Crores
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|
38 | 38 | 38 | 32 | 33 | 36 | 27 | 27 | |
Reserves | -24 | 53 | 126 | 191 | 244 | 333 | 518 | 617 |
602 | 530 | 431 | 377 | 250 | 238 | 223 | 171 | |
140 | 157 | 222 | 190 | 168 | 196 | 218 | 199 | |
Total Liabilities | 741 | 764 | 804 | 782 | 686 | 791 | 985 | 1,014 |
335 | 346 | 336 | 382 | 374 | 372 | 380 | 383 | |
CWIP | 8 | 0 | 40 | 1 | 0 | 1 | 46 | 57 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
398 | 418 | 428 | 399 | 312 | 417 | 560 | 573 | |
Total Assets | 741 | 764 | 804 | 782 | 686 | 791 | 985 | 1,014 |
Cash Flows
Figures in Rs. Crores
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|
156 | 136 | 194 | 184 | 59 | 59 | ||
-35 | 32 | -36 | -14 | -36 | -68 | ||
-128 | -121 | -158 | -168 | -20 | 8 | ||
Net Cash Flow | -7 | 47 | -1 | 1 | 3 | -1 |
Ratios
Figures in Rs. Crores
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|
Debtor Days | 105 | 92 | 95 | 73 | 70 | 101 | 83 |
Inventory Days | 167 | 150 | 161 | 135 | 145 | 217 | 206 |
Days Payable | 139 | 142 | 98 | 77 | 82 | 142 | 94 |
Cash Conversion Cycle | 133 | 100 | 158 | 131 | 133 | 176 | 194 |
Working Capital Days | 101 | 80 | 96 | 78 | 96 | 137 | 137 |
ROCE % | 22% | 24% | 30% | 18% | 15% | 31% |
Documents
Announcements
- Intimation For Analyst Conference 11 Mar
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Announcement Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
9 Mar - For Plant Visit by Fund Manager
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 9 Feb
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Announcement under Regulation 30 (LODR)-Newspaper Publication
9 Feb - Newspaper Publication for Unaudited Results for Quarter and Nine Months ended 31st December, 2022
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Announcement under Regulation 30 (LODR)-Investor Presentation
8 Feb - Investor Presentation for Q3 results for Financial Year 2022-23
Concalls
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Feb 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
Leading Forging company [1]
Rolex Rings limited is one of the top 5 Forging companies in India and a leading manufacturer and global supplier of hot rolled forged and machined bearing rings and automotive components for segments of vehicles including passenger vehicles, commercial vehicles, two-wheeler vehicles, and off-highway vehicles and electric vehicles.