Rolex Rings Ltd

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

Rolex Rings Ltd

₹ 140 -1.17%
10 Jun 2:02 p.m.
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

History[1]
Based out of Rajkot, company was established as a partnership firm by Rupesh D. Madeka in 1980 and later on reconstituted as a public limited company in 2021, got listed on NSE and BSE in Aug 2021 and is presently managed by Manesh D. Madeka and family.

Website BSE NSE
  • Market Cap ₹ 3,808 Cr.
  • Current Price ₹ 140
  • High / Low ₹ 176 / 99.3
  • Stock P/E 21.2
  • Book Value ₹ 44.6
  • Dividend Yield 0.00 %
  • ROCE 21.2 %
  • ROE 15.7 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -1.13%
  • Working capital days have increased from 133 days to 213 days

* 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

Consumer Discretionary Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE Consumer Discretionary BSE 1000

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
299.48 311.33 320.78 273.31 316.34 310.76 300.27 259.88 283.89 291.58 271.38 274.84 305.69
234.90 241.39 253.31 220.66 244.44 239.62 234.26 208.61 231.67 230.01 216.54 217.23 249.45
Operating Profit 64.58 69.94 67.47 52.65 71.90 71.14 66.01 51.27 52.22 61.57 54.84 57.61 56.24
OPM % 21.56% 22.46% 21.03% 19.26% 22.73% 22.89% 21.98% 19.73% 18.39% 21.12% 20.21% 20.96% 18.40%
0.25 2.37 3.82 4.57 -27.69 5.27 9.46 -14.75 9.88 15.61 14.36 14.97 -46.33
Interest 0.40 0.61 1.21 0.37 0.51 0.42 0.67 0.16 1.13 0.18 0.78 0.13 0.36
Depreciation 7.35 6.67 6.81 6.82 12.33 9.40 9.66 9.73 11.64 9.00 9.33 9.42 9.38
Profit before tax 57.08 65.03 63.27 50.03 31.37 66.59 65.14 26.63 49.33 68.00 59.09 63.03 0.17
Tax % 18.71% 25.51% 25.79% 26.00% 24.71% 25.05% 24.38% 24.22% -10.78% 27.71% 24.96% 24.24% 188.24%
46.41 48.44 46.96 37.02 23.62 49.91 49.26 20.19 54.64 49.16 44.34 47.75 -0.15
EPS in Rs 1.70 1.78 1.72 1.36 0.87 1.83 1.81 0.74 2.01 1.81 1.63 1.75 -0.01
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 Mar 2025 Mar 2026
598 696 770 904 666 616 1,010 1,179 1,222 1,155 1,144
489 543 609 703 544 507 781 918 960 914 913
Operating Profit 109 153 161 201 121 109 229 261 262 241 230
OPM % 18% 22% 21% 22% 18% 18% 23% 22% 21% 21% 20%
2 9 7 7 9 3 11 19 -17 10 -1
Interest 58 55 50 42 32 12 20 10 3 2 1
Depreciation 22 23 23 25 27 25 26 27 33 40 37
Profit before tax 32 84 95 141 72 75 194 243 210 208 190
Tax % 22% 9% 22% 58% 27% -16% 32% 19% 26% 16% 26%
25 77 74 59 53 87 132 198 156 174 141
EPS in Rs 1.03 3.19 3.07 2.46 2.21 3.63 4.84 7.27 5.73 6.39 5.18
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 13%
3 Years: -1%
TTM: -1%
Compounded Profit Growth
10 Years: 22%
5 Years: 16%
3 Years: -3%
TTM: -4%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -10%
1 Year: -10%
Return on Equity
10 Years: 25%
5 Years: 22%
3 Years: 19%
Last Year: 16%

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 Mar 2026
Equity Capital 24 24 24 24 24 24 27 27 27 27 27
Reserves -24 53 126 191 244 333 518 716 871 1,045 1,186
615 544 445 385 259 250 223 82 18 14 0
126 143 208 182 159 184 217 189 205 196 158
Total Liabilities 741 764 804 782 686 791 985 1,013 1,121 1,282 1,371
335 346 336 382 374 372 380 391 466 444 447
CWIP 8 0 40 1 0 1 46 46 4 34 39
Investments 0 0 0 0 0 0 0 0 107 261 288
398 418 428 399 312 417 559 577 543 542 597
Total Assets 741 764 804 782 686 791 985 1,013 1,121 1,282 1,371

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 Mar 2026
156 136 194 184 59 59 213 221 227 190
-35 32 -36 -14 -36 -68 -44 -158 -191 -53
-128 -121 -158 -168 -20 8 -151 -66 -6 -117
Net Cash Flow -7 47 -1 1 3 -1 18 -3 30 20
Free Cash Flow 117 172 158 168 21 -11 172 168 177 155
CFO/OP 107% 87% 114% 170% 66% 41% 106% 109% 117% 103%

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 Mar 2026
Debtor Days 105 92 95 73 70 101 83 71 65 61 70
Inventory Days 167 150 161 135 145 217 206 156 140 152 155
Days Payable 139 142 98 77 82 142 94 68 59 56 61
Cash Conversion Cycle 133 100 158 131 133 176 195 159 146 157 164
Working Capital Days -52 -46 -30 -17 -11 9 65 95 98 89 213
ROCE % 22% 24% 30% 18% 15% 31% 32% 28% 23% 21%

Insights

In beta
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
End User Revenue Share - Passenger Vehicles (PV)
%

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Forging Installed Capacity
MTPA
Machining Installed Capacity
Million Parts PA
Export Contribution to Total Revenue
%
Forging Capacity Utilization
%
Number of Forging Lines
Lines
Renewable Energy Capacity (Wind + Solar)
MW
Bearing Rings Revenue Share
%
Export Revenue Share - USA
%
Machining Spindles
Spindles

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

28 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
55.25% 55.25% 55.25% 55.25% 55.25% 53.35% 53.35% 53.35% 53.35% 53.35% 53.37% 52.24%
5.01% 5.60% 6.28% 7.75% 6.99% 7.97% 8.09% 7.27% 7.15% 6.97% 5.96% 6.01%
32.47% 32.09% 31.68% 29.91% 30.43% 31.86% 31.62% 32.05% 31.96% 30.95% 30.17% 30.27%
7.28% 7.06% 6.79% 7.11% 7.34% 6.83% 6.94% 7.32% 7.54% 8.74% 10.51% 11.49%
No. of Shareholders 48,49749,14148,16949,80648,93047,62849,16250,97752,25058,37974,00875,066

* 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