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Consolidated Standalone

Rolex Rings

₹1956.9 12 | 0.6%

Market Cap ₹5329 Cr.

Stock P/E 29.8

P/B 6.1

Current Price ₹1956.9

Book Value ₹ 321.5

Face Value 10

52W High ₹2613.5

Dividend Yield 0%

52W Low ₹ 1726.9

Edit Ratio

Rolex Rings Research see more...

Overview Inc. Year: 2003Industry: Bearings

Rolex Rings Ltd manufactures and sells machined / solid jewellery and auto additives in India and the world over. It gives transmission components, which includes gear blanks, ring gears, sun and pinion products, shafts, and lock nuts; engine additives, inclusive of pullies, cam lobs, and different forged additives; chasis components comprising wheel hubs, gen2 and gen3 bearing components, output shafts, and CVJ components; bearing rings; and exhaust machine additives which includes flanges, biocones, and tulips. The company's products are used in industrial, railways, off highway, earth moving, windmill, fabric, electrical, protection, energy, aerospace, marine, and oil and natural gasoline industries, as well as for 2, 3, and 4 wheelers. Rolex Rings Ltd founded in 1977 and is primarily based in Rajkot, India.

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Rolex Rings Share Price

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Peer Comparison

Rolex Rings Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 258 242 288 285 287 307 299 311 321 273
Other Income 1 1 6 7 5 7 0 2 4 5
Total Income 259 243 294 292 293 314 300 314 325 278
Total Expenditure 201 190 222 221 224 239 235 241 253 221
Operating Profit 58 53 72 71 69 75 65 72 71 57
Interest 6 2 5 4 2 4 0 1 1 0
Depreciation 6 7 6 6 7 7 7 7 7 7
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 46 44 60 61 61 65 57 65 63 50
Provision for Tax 13 14 21 11 11 12 11 17 16 13
Profit After Tax 33 30 39 50 49 53 46 48 47 37
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 33 30 39 50 49 53 46 48 47 37
Adjusted Earnings Per Share 12 10.9 14.3 18.3 18.1 19.4 17 17.8 17.2 13.6

Rolex Rings Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 454 518 555 598 695 770 904 666 616 1010 1179 1204
Other Income 3 3 6 2 9 7 7 9 3 11 19 11
Total Income 457 521 562 600 703 777 911 675 620 1022 1198 1217
Total Expenditure 423 435 463 489 541 609 703 545 507 781 918 950
Operating Profit 34 86 98 111 162 168 208 131 112 240 280 265
Interest 56 67 65 58 55 50 41 32 12 20 10 2
Depreciation 20 22 21 22 23 23 25 27 25 26 27 28
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -42 -2 13 32 84 95 141 72 75 194 243 235
Provision for Tax 0 0 0 7 7 21 80 19 -12 62 45 57
Profit After Tax -42 -2 13 25 77 74 62 53 87 132 198 178
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -42 -2 13 25 77 74 62 53 87 132 198 178
Adjusted Earnings Per Share -17.6 -1 5.5 10.3 31.9 30.7 25.7 22.1 36.3 48.4 72.7 65.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 17% 21% 9% 10%
Operating Profit CAGR 17% 29% 11% 23%
PAT CAGR 50% 55% 22% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 5% NA% NA% NA%
ROE Average 31% 29% 29% 37%
ROCE Average 32% 26% 25% 19%

Rolex Rings Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds -35 -29 -11 14 90 164 226 268 357 545 743
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 285 394 312 295 229 167 83 44 32 20 0
Other Non-Current Liabilities 0 1 2 2 1 2 68 78 54 82 66
Total Current Liabilities 344 312 363 431 443 470 405 296 348 338 205
Total Liabilities 593 678 665 741 764 804 782 686 791 985 1013
Fixed Assets 319 301 299 335 346 336 382 374 372 380 391
Other Non-Current Assets 17 37 45 19 43 61 32 19 45 68 78
Total Current Assets 257 339 321 388 376 406 368 293 373 538 545
Total Assets 593 678 665 741 764 804 782 686 791 985 1013

Rolex Rings Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 0 53 6 1 18 1 0 1 5 4
Cash Flow from Operating Activities 6 86 89 85 157 136 194 184 59 59 213
Cash Flow from Investing Activities -10 0 3 -54 -14 -32 -36 -14 -36 -68 -44
Cash Flow from Financing Activities 4 0 -112 -37 -126 -121 -158 -169 -20 8 -151
Net Cash Inflow / Outflow 0 86 -20 -6 17 -17 -1 1 3 -1 18
Closing Cash & Cash Equivalent 0 86 33 1 18 1 0 1 5 4 22

Rolex Rings Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) -17.62 -1.01 5.46 10.26 31.9 30.69 25.71 22.08 36.26 48.43 72.74
CEPS(Rs) -9.17 7.97 14.04 19.43 41.55 40.44 36.31 33.14 46.86 57.81 82.62
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) -14.64 -15.65 -10.19 0.07 31.98 62.67 88.38 111.8 148.76 200.05 272.83
Core EBITDA Margin(%) 6.89 14.68 15.41 16.87 20.47 20.54 22.23 18.23 17.66 22.66 22.11
EBIT Margin(%) 3.09 11.45 13.02 13.77 18.54 18.48 20.18 15.65 14.1 21.26 21.47
Pre Tax Margin(%) -9.3 -0.43 2.19 4.87 11.22 12.09 15.62 10.82 12.2 19.24 20.63
PAT Margin (%) -9.3 -0.43 2.19 3.79 10.23 9.38 6.82 7.95 14.11 13.05 16.8
Cash Profit Margin (%) -4.84 3.4 5.63 7.19 13.32 12.36 9.63 11.93 18.23 15.58 19.09
ROA(%) -7.2 -0.38 1.95 3.5 10.16 9.39 7.78 7.21 11.77 14.85 19.83
ROE(%) 0 0 0 0 199.1 64.85 34.04 22.06 27.83 29.26 30.76
ROCE(%) 2.94 11.94 13.32 14.95 21.81 21.99 28.88 18.46 15.33 31.27 31.79
Receivable days 67.29 69.1 75.06 83.52 84.83 87.59 77.24 84.72 88.38 72.5 71.05
Inventory Days 72.69 71.78 74.67 71.31 64.45 68.22 64.79 79.68 89.32 78.18 80.07
Payable days -2677.58 116.72 101.51 117.46 111.08 92.26 79.7 91.52 118 91.09 70.17
PER(x) 0 0 0 0 0 0 0 0 0 25.88 27.51
Price/Book(x) 0 0 0 0 0 0 0 0 0 6.27 7.33
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.11 1.16 1.07 1 0.84 0.67 0.45 0.4 0.43 3.58 4.66
EV/Core EBITDA(x) 14.76 6.99 6.03 5.37 3.6 3.09 1.97 2.04 2.34 15.05 19.63
Net Sales Growth(%) -1.44 13.98 7.25 7.72 16.07 10.89 17.42 -26.35 -7.46 63.91 16.7
EBIT Growth(%) -48.85 358.59 21.08 14.61 55.37 4.48 25.95 -42.88 -16.66 147.21 17.84
PAT Growth(%) -23.65 94.29 642.76 88.05 210.92 -3.81 -16.23 -14.13 64.25 51.66 50.21
EPS Growth(%) -23.65 94.29 642.76 88.05 210.92 -3.81 -16.23 -14.13 64.25 33.55 50.21
Debt/Equity(x) -14.85 -21.28 -54.44 43.67 6.27 3.04 1.67 0.97 0.7 0.41 0.11
Current Ratio(x) 0.75 1.09 0.89 0.9 0.85 0.86 0.91 0.99 1.07 1.59 2.66
Quick Ratio(x) 0.46 0.69 0.55 0.59 0.55 0.52 0.51 0.55 0.58 0.82 1.41
Interest Cover(x) 0.25 0.96 1.2 1.55 2.53 2.89 4.43 3.24 7.43 10.51 25.74
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0.07 0.01

Rolex Rings Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 57.64 57.64 57.64 57.64 57.64 57.64 55.25 55.25 55.25 55.25
FII 3.5 1.92 1.71 3.18 3.93 4.06 5 5.61 6.28 7.74
DII 19.38 20.36 22.39 32.7 31.94 31.77 32.47 32.09 31.68 29.91
Public 19.49 20.07 18.26 6.48 6.5 6.53 7.27 7.06 6.79 7.1
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 21% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29%
  • Debtor days have improved from 91.09 to 70.17days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 6.1 times its book value.

* 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.

Rolex Rings News

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