Rolex Rings Ltd
Snapshot View

1325.00 +66.05 ▲5.3%

24 May 2022, 04:01:00 PM
Volume: 2,799

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Bearings Compare with Industry peers
Website http://www.rolexrings.com
Market Cap 3,584.45 Cr.
Enterprise Value(EV) 3,811.36 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) 48.43 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) 27.18 Trailing Twelve Months Ending 2022-03
Industry PE 43.32 Trailing Twelve Months Ending 2022-03
Book Value / Share 200.05 Trailing Twelve Months Ending 2022-03
Price to Book Value 6.58 Calculated using Price: 1,316.20
Dividend Yield 0.00 Period Ending 2021-03
No. of Shares Subscribed 2.72 Cr. 27,233,312 Shares
FaceValue 10
Company Profile

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

  • 2011: Excellence in Cost and Productivity - Timken.
  • 2011: Excellence in Technology - Timken.
  • 2014: GM Supplier Quality Excellence Award.
  • 2014: Certificate of Supplier Quality for fulfilling the quality assurance compliance by Hyundai Motors India.
  • 2016: Excellence in Technology Advancement by Timken powered by VRIDDHI.
  • 2018: Supplier Quality Excellence Award - General Motors.
  • 2018: Excellence in New Product Development - Timken.
  • 2019: Supplier Quality Excellence Award - General Motors.
  • 2021: Q1 Preferred Quality Status - Ford.

Major events and milestones

  • 1977: Commencement of business in the name of Rolex Industries.
  • 1978: Formation of partnership firm in the name of Rolex Industries.
  • 1988: Started manufacturing of forging and forged products.
  • 1989: Obtained Importer-Exporter code for export of business.
  • 1991: Commissioning of Unit 1.
  • 2003: Purchase of Sakamura model HBP-160.
  • 2003: Conversion of partnership firm into Company.
  • 2007: Purchased 6 Manyo 600 tons Auto Forging Press.
  • 2007: Investment by Rivendell PE LLC.
  • 2007: Availed registration of central excise for Unit 2.
  • 2010: Purchase of SMS MEER Ring Rolling line.
  • 2011: Purchase of Hatebur-Hotmatic@ HM 35 Machine.
  • 2014: Setting up of Unit 3.
  • 2017: Purchase of Sakamura Model: HFW-1000-4 Hot Former.
  • 2018: Purchase of Servomoto Driven Screw Press 16000kN from Enomoto Machine.
  • 2019: Crossed Rs 9,000 million in revenue in Fiscal 2019.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+5.25%
1 Week
+13.08%
1 Month
+5.03%
3 Month
+14.04%
6 Month
+19.04%
1 Year
2 Year
5 Year
10 Year
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 199.10 64.85 34.04 22.06 27.83
Return on Capital Employed (%) 2.94 11.94 13.32 14.95 21.81 21.99 28.88 18.46 15.33
Return on Assets (%) -7.20 -0.38 1.95 3.50 10.16 9.39 7.78 7.21 11.73

Balance Sheet View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds -35 -29 -11 14 90 164 226 268 357 545
Non Curr. Liab. 285 395 313 297 231 169 151 122 86 103
Curr. Liab. 344 312 363 431 443 470 405 296 354 338
Minority Int.
Equity & Liab. 593 678 665 741 764 804 782 686 797 985
Non Curr. Assets 336 338 344 354 389 397 414 393 418 447
Curr. Assets 257 339 321 388 376 406 368 293 379 538
Misc. Exp. not W/O
Total Assets 593 678 665 741 764 804 782 686 797 985

Profit Loss View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. TTM
Net Sales 454 518 555 598 695 770 904 666 616 1,017
Other Income 3 3 6 2 9 7 7 9 3 11
Total Income 457 521 562 600 703 777 911 675 620 1,028
Total Expenditure -423 -435 -463 -489 -541 -609 -703 -545 -507 -788
PBIDT 34 86 98 111 162 168 208 131 112 240
Interest -56 -67 -65 -58 -55 -50 -41 -32 -12 -20
Depreciation -20 -22 -21 -22 -23 -23 -25 -27 -25 -26
Taxation -7 -7 -21 -80 -19 12 -62
Exceptional Items
PAT -42 -2 13 25 77 74 62 53 87 132
Adjusted EPS -18 -1 5 10 32 31 26 22 36 50

Cash Flow View Details

Particulars 10 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 126 6 86 89 85 157 136 194 184 59
Cash Fr. Inv. -46 -10 3 -54 -14 -32 -36 -14 -36
Cash Fr. Finan. -80 4 -112 -37 -126 -121 -158 -169 -20
Net Change 0 0 86 -20 -6 17 -17 -1 1 3
Cash & Cash Eqvt 0 0 86 33 1 18 1 0 1 5

Shareholding Pattern View Details

9 Qtrs 2016-09 (%) 2017-09 (%) 2018-09 (%) 2019-09 (%) 2020-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 54.49 54.49 54.49 54.48 41.41 57.64 57.64 57.64 57.64
Public 45.51 45.51 45.51 45.52 58.59 42.36 42.36 42.36 42.36
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Mon, 23 May 2022
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation for Analyst Meet dated 24th May 2022
Mon, 23 May 2022
Board Meeting Outcome for Outcome Of Board Meeting For Approval Of Quarter And Year Ended Audited Results For 31St March 2022
Outcome of Board Meeting for approval of Quarter and year ended Audited Results for 31st March 2022
Mon, 23 May 2022
Statement Of Deviation For The Quarter Ended 31St March 2022
Statement of Deviation for the quarter ended 31st March 2022

Technical Scans View Details

Tue, 24 May 2022
Higher Delivery Quantity Higher Delivery Quantity
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity
Close Crossing Last Week High Close Crossing Last Week High
Closing Above Previous High Closing Above Previous High

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