Past 10 year's financial track record analysis by Moneyworks4me indicates that Rolex Rings Ltd is a good quality company.
The key valuation ratios of Rolex Rings Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rolex Rings Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 13.3% | 15% | 21.8% | 22% | 28.9% | 18.5% | 15.3% | 31.3% | 31.8% | 24.4% | - |
| Value Creation Index ⓘ | 0.0 | 0.1 | 0.6 | 0.6 | 1.1 | 0.4 | 0.1 | 1.2 | 1.4 | 0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 555 | 598 | 695 | 770 | 904 | 666 | 616 | 1,010 | 1,179 | 1,222 | 1,201 |
| Sales YoY Gr. | - | 7.7% | 16.1% | 10.9% | 17.4% | -26.4% | -7.5% | 63.9% | 16.7% | 3.6% | - |
| Adj EPS ⓘ | 5.5 | 10.3 | 30 | 29 | 24.1 | 19.9 | 35.7 | 46.1 | 68.3 | 63 | 58.7 |
| YoY Gr. | - | 87.9% | 192.6% | -3.4% | -16.8% | -17.7% | 79.9% | 29% | 48.2% | -7.8% | - |
| BVPS (₹) ⓘ | -10.2 | 0.1 | 32 | 62.7 | 88.4 | 111.8 | 148.8 | 200.1 | 272.8 | 329.8 | 366.3 |
| Adj Net Profit ⓘ | 13.1 | 24.6 | 72 | 69.6 | 57.9 | 47.6 | 85.7 | 126 | 186 | 172 | 160 |
| Cash Flow from Ops. ⓘ | 89.2 | 85.4 | 157 | 136 | 194 | 184 | 59.2 | 58.9 | 213 | 221 | - |
| Debt/CF from Ops. ⓘ | 6.6 | 7 | 3.6 | 3.7 | 2 | 1.4 | 4.2 | 3.8 | 0.4 | 0.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 9.2% | 6.2% | 25.6% | 3.6% | ||||
| Adj EPS ⓘ | 31.2% | 21.2% | 20.8% | -7.8% | ||||
| BVPSⓘ | NA | 30.1% | 30.4% | 20.9% | ||||
| Share Price | - | - | 18.6% | -20.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -65.4 | 1668.8 | 138.4 | 54.7 | 29.7 | 19.3 | 27.4 | 27.8 | 28.9 | 20.9 | 16.9 |
| Op. Profit Mgn % ⓘ | 16.6 | 18.3 | 22.1 | 20.9 | 22.2 | 18.2 | 17.7 | 22.7 | 22.1 | 21.4 | 21.8 |
| Net Profit Mgn % ⓘ | 2.4 | 4.1 | 10.4 | 9 | 6.4 | 7.2 | 13.9 | 12.4 | 15.8 | 14 | 13.3 |
| Debt to Equity ⓘ | -54.4 | 43.7 | 6.3 | 3 | 1.7 | 1 | 0.7 | 0.4 | 0.1 | 0 | 0 |
| Working Cap Days ⓘ | 178 | 182 | 184 | 188 | 163 | 189 | 208 | 171 | 167 | 158 | 99 |
| Cash Conv. Cycle ⓘ | 88 | 86 | 85 | 103 | 95 | 110 | 115 | 101 | 106 | 101 | 75 |
Sales growth is growing at healthy rate in last 3 years 25.62%
Net Profit is growing at healthy rate in last 3 years 20.81%
Return on Equity has declined versus last 3 years average to 16.90%
Sales growth is not so good in last 4 quarters at -3.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 58.7 | - |
| TTM Sales (₹ Cr.) | 1,201 | - |
| BVPS (₹.) ⓘ | 366.3 | - |
| Reserves (₹ Cr.) ⓘ | 970 | - |
| P/BV ⓘ | 5.29 | - |
| PE ⓘ | 33.05 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1726.90 / 2788.95 |
| All Time Low / High (₹) | 999.95 / 2788.95 |
| Market Cap (₹ Cr.) | 5,281 |
| Equity (₹ Cr.) | 27.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 45.5 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 555 | 598 | 695 | 770 | 904 | 666 | 616 | 1,010 | 1,179 | 1,222 |
| Operating Expenses ⓘ | 463 | 489 | 541 | 609 | 703 | 545 | 507 | 781 | 918 | 960 |
| Manufacturing Costs | 97 | 111 | 141 | 149 | 174 | 132 | 132 | 197 | 201 | 214 |
| Material Costs | 287 | 288 | 321 | 364 | 434 | 329 | 287 | 464 | 600 | 627 |
| Employee Cost | 30 | 33 | 44 | 55 | 61 | 53 | 52 | 59 | 59 | 64 |
| Other Costs ⓘ | 49 | 57 | 35 | 41 | 34 | 30 | 36 | 61 | 58 | 54 |
| Operating Profit ⓘ | 92 | 109 | 153 | 161 | 201 | 121 | 109 | 229 | 261 | 262 |
| Operating Profit Margin (%) | 16.6% | 18.3% | 22.0% | 20.9% | 22.2% | 18.2% | 17.7% | 22.7% | 22.1% | 21.4% |
| Other Income ⓘ | 6 | 2 | 9 | 7 | 7 | 9 | 3 | 11 | 19 | 15 |
| Interest ⓘ | 65 | 58 | 55 | 50 | 41 | 32 | 12 | 20 | 10 | 3 |
| Depreciation ⓘ | 21 | 22 | 23 | 23 | 25 | 27 | 25 | 26 | 27 | 33 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32 |
| Profit Before Tax ⓘ | 13 | 32 | 84 | 95 | 141 | 72 | 75 | 194 | 243 | 210 |
| Tax ⓘ | 0 | 7 | 7 | 21 | 80 | 19 | -12 | 62 | 45 | 54 |
| Profit After Tax | 13 | 25 | 77 | 74 | 62 | 53 | 87 | 132 | 198 | 156 |
| PAT Margin (%) | 2.4% | 4.1% | 11.0% | 9.6% | 6.8% | 7.9% | 14.1% | 13.1% | 16.8% | 12.8% |
| Adjusted EPS (₹) | 5.5 | 10.3 | 31.9 | 30.7 | 25.7 | 22.1 | 36.3 | 48.4 | 72.7 | 57.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -11 | 14 | 90 | 164 | 226 | 268 | 357 | 545 | 743 | 898 |
| Share Capital ⓘ | 38 | 38 | 38 | 38 | 38 | 24 | 24 | 27 | 27 | 27 |
| Reserves ⓘ | -48 | -24 | 53 | 126 | 188 | 244 | 333 | 518 | 716 | 871 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 521 | 546 | 506 | 431 | 317 | 238 | 216 | 217 | 81 | 18 |
| Long Term Debt | 312 | 295 | 229 | 167 | 83 | 44 | 32 | 20 | 0 | 0 |
| Short Term Debt | 209 | 251 | 277 | 264 | 234 | 194 | 184 | 197 | 81 | 18 |
| Trade Payables | 76 | 110 | 86 | 98 | 91 | 74 | 112 | 120 | 111 | 101 |
| Others Liabilities ⓘ | 79 | 72 | 82 | 110 | 148 | 106 | 106 | 103 | 78 | 104 |
| Total Liabilities ⓘ | 665 | 741 | 764 | 804 | 782 | 686 | 791 | 985 | 1,013 | 1,121 |
Fixed Assets | ||||||||||
| Gross Block | 590 | 648 | 682 | 695 | 765 | 401 | 424 | 457 | 495 | 603 |
| Accumulated Depreciation | 291 | 313 | 336 | 359 | 383 | 26 | 52 | 77 | 104 | 136 |
| Net Fixed Assetsⓘ | 299 | 335 | 346 | 336 | 382 | 374 | 372 | 380 | 391 | 466 |
| CWIP ⓘ | 40 | 8 | 0 | 40 | 1 | 0 | 1 | 46 | 46 | 4 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 107 |
| Inventories | 122 | 132 | 132 | 161 | 160 | 131 | 171 | 262 | 256 | 240 |
| Trade Receivables | 124 | 172 | 175 | 201 | 181 | 128 | 171 | 231 | 228 | 218 |
| Cash Equivalents | 33 | 42 | 22 | 16 | 5 | 16 | 10 | 20 | 34 | 29 |
| Others Assetsⓘ | 47 | 52 | 89 | 50 | 53 | 37 | 65 | 47 | 58 | 56 |
| Total Assets ⓘ | 665 | 741 | 764 | 804 | 782 | 686 | 791 | 985 | 1,013 | 1,121 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 89 | 85 | 157 | 136 | 194 | 184 | 59 | 59 | 213 | 221 |
| PBT ⓘ | 13 | 32 | 84 | 95 | 141 | 72 | 75 | 194 | 243 | 210 |
| Adjustment ⓘ | 84 | 76 | 76 | 68 | 63 | 59 | 33 | 43 | 36 | 28 |
| Changes in Working Capital ⓘ | -7 | -15 | 4 | -22 | 25 | 75 | -43 | -144 | -2 | 48 |
| Tax Paid ⓘ | -1 | -7 | -7 | -5 | -35 | -22 | -6 | -35 | -64 | -64 |
| Cash Flow From Investing Activity ⓘ | 3 | -54 | -14 | -32 | -36 | -14 | -36 | -68 | -44 | -158 |
| Capex | -20 | -40 | -39 | -36 | -36 | -16 | -38 | -69 | -41 | -54 |
| Net Investments | 0 | 0 | 23 | 3 | 0 | -2 | -1 | -1 | -4 | -106 |
| Others ⓘ | 23 | -14 | 2 | 1 | 0 | 3 | 3 | 2 | 1 | 2 |
| Cash Flow From Financing Activityⓘ | -112 | -37 | -126 | -121 | -158 | -169 | -20 | 8 | -151 | -66 |
| Net Proceeds from Shares ⓘ | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 53 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | -30 | -61 | -56 | -91 | -87 | -2 | -28 | -26 | 0 |
| Interest Paid ⓘ | -65 | -51 | -55 | -50 | -41 | -34 | -11 | -16 | -10 | -3 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | -53 | 43 | -9 | -14 | -26 | -48 | -7 | -1 | -115 | -63 |
| Net Cash Flow ⓘ | -20 | -6 | 17 | -17 | -1 | 1 | 3 | -1 | 18 | -3 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 0 | 199.1 | 64.85 | 34.04 | 22.06 | 27.83 | 29.26 | 30.76 | 19.02 |
| ROCE (%) | N/A | 14.95 | 21.81 | 21.99 | 28.88 | 18.46 | 15.33 | 31.27 | 31.79 | 24.4 |
| Asset Turnover Ratio | 0.89 | 0.92 | 0.99 | 1 | 1.14 | 0.91 | 0.83 | 1.14 | 1.18 | 1.15 |
| PAT to CFO Conversion(x) | 6.85 | 3.4 | 2.04 | 1.84 | 3.13 | 3.47 | 0.68 | 0.45 | 1.08 | 1.42 | Working Capital Days |
| Receivable Days | 75 | 84 | 85 | 88 | 77 | 85 | 88 | 73 | 71 | 67 |
| Inventory Days | 75 | 71 | 64 | 68 | 65 | 80 | 89 | 78 | 80 | 74 |
| Payable Days | 102 | 117 | 111 | 92 | 80 | 92 | 118 | 91 | 70 | 62 |
Rolex Rings is one of the top five forging companies in India in terms of installed capacity and a manufacturer and global supplier of hot rolled forged and machined bearing rings, and automotive components for segments of vehicles including two-wheelers, passenger vehicles, commercial vehicles, off-highway vehicles, electric vehicles), industrial machinery, wind turbines and railways, amongst other segments. It supplies domestically and internationally to large marquee customers including some of the leading bearing manufacturing companies, tier-I suppliers to global auto companies and some auto OEMs. The company is one of the key manufacturers of bearing rings in India and cater to most of the leading bearing companies in India.
The company started its manufacturing operations in 1988 with its first manufacturing plant set up in Rajkot. Its product portfolio includes a wide range of bearing rings, parts of gear box and automotive components, among others. Its manufacturing capabilities are complemented by its tool design, engineering and product development capabilities. Till date, it has offered a diverse range of hot forged and machined alloy steel bearing rings weighing from 0.01 kilograms to over 163 kilograms, and with inner diameter of 25 millimeters to outer diameter of 900 millimeters. This makes its products suitable for a wide range of end-user industries such as automotive, railways, industrial infrastructure, renewable energy, among others.
Business area of the company
The company is among the leading manufacturers of forged and machined components in India.
Awards and Accreditations
Major events and milestones
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