Rolex Rings Ltd - Stock Valuation and Financial Performance

BSE: 543325 | NSE: ROLEXRINGS | Bearings | Small Cap

Rolex Rings Share Price

1,998 36.60 1.87%
as on 14-Nov'24 16:01

DeciZen - make an informed investing decision on Rolex Rings

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Rolex Rings stock performance -

mw4me loader
P/E Ratio (SA):
33.40
Market Cap:
5,337.7 Cr.
52-wk low:
1,726.9
52-wk high:
2,789

Is Rolex Rings Ltd an attractive stock to invest in?

1. Is Rolex Rings Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Rolex Rings Ltd is a good quality company.

2. Is Rolex Rings Ltd undervalued or overvalued?

The key valuation ratios of Rolex Rings Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Rolex Rings Ltd a good buy now?

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.

10 Year X-Ray of Rolex Rings:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Rolex Rings Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 13.3%15%21.8%22%28.9%18.5%15.3%31.3%31.8%24.4%-
Value Creation
Index
0.00.10.60.61.10.40.11.21.40.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5555986957709046666161,0101,1791,2221,201
Sales YoY Gr.-7.7%16.1%10.9%17.4%-26.4%-7.5%63.9%16.7%3.6%-
Adj EPS 5.510.3302924.119.935.746.168.36358.7
YoY Gr.-87.9%192.6%-3.4%-16.8%-17.7%79.9%29%48.2%-7.8%-
BVPS (₹) -10.20.13262.788.4111.8148.8200.1272.8329.8366.3
Adj Net
Profit
13.124.67269.657.947.685.7126186172160
Cash Flow from Ops. 89.285.415713619418459.258.9213221-
Debt/CF from Ops. 6.673.63.721.44.23.80.40.1-

CAGR

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%
BVPSNA30.1%30.4%20.9%
Share Price - - 19.8% -12.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-65.41668.8138.454.729.719.327.427.828.920.916.9
Op. Profit
Mgn %
16.618.322.120.922.218.217.722.722.121.421.8
Net Profit
Mgn %
2.44.110.496.47.213.912.415.81413.3
Debt to
Equity
-54.443.76.331.710.70.40.100
Working Cap
Days
17818218418816318920817116715899
Cash Conv.
Cycle
8886851039511011510110610175

Recent Performance Summary

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%

Latest Financials - Rolex Rings Ltd

Standalone Consolidated
TTM EPS (₹) 58.7 -
TTM Sales (₹ Cr.) 1,201 -
BVPS (₹.) 366.3 -
Reserves (₹ Cr.) 970 -
P/BV 5.35 -
PE 33.40 -
From the Market
52 Week Low / High (₹) 1726.90 / 2788.95
All Time Low / High (₹) 999.95 / 2788.95
Market Cap (₹ Cr.) 5,338
Equity (₹ Cr.) 27.2
Face Value (₹) 10
Industry PE 47.2

Management X-Ray of Rolex Rings:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Rolex Rings

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales5555986957709046666161,0101,1791,222
Operating Expenses 463489541609703545507781918960
Manufacturing Costs97111141149174132132197201214
Material Costs287288321364434329287464600627
Employee Cost 30334455615352595964
Other Costs 49573541343036615854
Operating Profit 92109153161201121109229261262
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 6297793111915
Interest 6558555041321220103
Depreciation 21222323252725262733
Exceptional Items 000000000-32
Profit Before Tax 133284951417275194243210
Tax 077218019-12624554
Profit After Tax 13257774625387132198156
PAT Margin (%) 2.4%4.1%11.0%9.6%6.8%7.9%14.1%13.1%16.8%12.8%
Adjusted EPS (₹)5.510.331.930.725.722.136.348.472.757.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund -111490164226268357545743898
Share Capital 38383838382424272727
Reserves -48-2453126188244333518716871
Minority Interest0000000000
Debt5215465064313172382162178118
Long Term Debt3122952291678344322000
Short Term Debt2092512772642341941841978118
Trade Payables7611086989174112120111101
Others Liabilities 79728211014810610610378104
Total Liabilities 6657417648047826867919851,0131,121

Fixed Assets

Gross Block590648682695765401424457495603
Accumulated Depreciation291313336359383265277104136
Net Fixed Assets299335346336382374372380391466
CWIP 40804010146464
Investments 000000000107
Inventories122132132161160131171262256240
Trade Receivables124172175201181128171231228218
Cash Equivalents 3342221651610203429
Others Assets47528950533765475856
Total Assets 6657417648047826867919851,0131,121

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 89851571361941845959213221
PBT 133284951417275194243210
Adjustment 84767668635933433628
Changes in Working Capital -7-154-222575-43-144-248
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 002330-2-1-1-4-106
Others 23-1421033212
Cash Flow From Financing Activity -112-37-126-121-158-169-208-151-66
Net Proceeds from Shares 50000005300
Net Proceeds from Borrowing 0-30-61-56-91-87-2-28-260
Interest Paid -65-51-55-50-41-34-11-16-10-3
Dividend Paid 0000000000
Others -5343-9-14-26-48-7-1-115-63
Net Cash Flow -20-617-17-113-118-3
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)N/A0199.164.8534.0422.0627.8329.2630.7619.02
ROCE (%)N/A14.9521.8121.9928.8818.4615.3331.2731.7924.4
Asset Turnover Ratio0.890.920.9911.140.910.831.141.181.15
PAT to CFO Conversion(x)6.853.42.041.843.133.470.680.451.081.42
Working Capital Days
Receivable Days75848588778588737167
Inventory Days75716468658089788074
Payable Days102117111928092118917062

Rolex Rings Ltd Stock News

Rolex Rings Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rolex Rings on 14-Nov-2024 16:01 is ₹1,998.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Nov-2024 16:01 the market cap of Rolex Rings stood at ₹5,337.7.
The latest P/E ratio of Rolex Rings as of 14-Nov-2024 16:01 is 33.40.
The latest P/B ratio of Rolex Rings as of 14-Nov-2024 16:01 is 5.35.
The 52-week high of Rolex Rings is ₹2,789 and the 52-week low is ₹1,726.9.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rolex Rings is ₹1,201 ( Cr.) .

About Rolex Rings Ltd

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.
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