Rolex Rings Ltd

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

Rolex Rings Ltd

₹ 1,950 1.10%
24 Mar - 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

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.

Website BSE NSE
  • 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
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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

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Quarterly Results

Figures in Rs. Crores

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
151 183 209 227 258 242 289 287 290 308
124 146 165 174 201 190 223 223 226 240
Operating Profit 27 37 44 54 57 52 66 64 64 68
OPM % 18% 20% 21% 24% 22% 22% 23% 22% 22% 22%
1 -3 6 4 1 1 6 7 5 7
Interest 2 5 4 7 6 2 5 4 2 4
Depreciation 6 6 6 6 6 7 6 6 7 7
Profit before tax 19 22 39 45 46 44 60 61 60 65
Tax % -48% -5% 0% 32% 28% 32% 35% 18% 19% 19%
Net Profit 28 23 39 30 33 30 39 50 49 53
EPS in Rs 11.80 9.49 16.21 12.64 12.00 10.95 14.34 18.26 18.06 19.38
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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%

Shareholding Pattern

Numbers in percentages

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
57.64 57.64 57.64 57.64 57.64 57.64
4.06 3.50 1.92 1.71 3.18 3.93
17.91 19.37 20.37 22.39 32.69 31.93
20.40 19.49 20.07 18.26 6.48 6.51

* 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

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