stock logo

50% Buy

Rolex Rings Share Price

ROLEXRINGS

₹2,510.35+₹37.80 (1.53%) TodayLast updated on 21 Jun, 2024 | 03:43 PM IST
₹2,458.30₹2,537.15
L
Show Current Price
H
  • Company overview

  • Fundamentals

  • More

Company overview

Financial performance

arrow

Market cap

Market Cap Switch₹6,805 Crs

Open

₹2,472.70

Close

₹2,472.55

Circuit range

₹3,012.40 - ₹2,008.30

Day range

₹2,458.30 - ₹2,537.15

Year range

₹1,720.00 - ₹2,677.40

Volume

17,127

Avg. traded

₹2,510.78

Revenue (12m)

₹1,222 Crs

Rolex Rings

Headquartered in Rajkot, Gujarat, Rolex Rings Limited is among the country’s leading forged and machine components manufacturers in the private sector.

Rolex Rings boasts a forging capacity of 144,750 MTPA and an annual machining capacity of 73 million pieces. It has a clientele across India and 15 international markets spread across North America, Europe and Africa.

It started as a small partnership firm Rolex Industries in 1978, delving into hardcore engineering. The company at that time produced a variety of rings for ball bearings, cylindrical, tapered as also railway bearing components, alongside spacers.

Incorporated on February 13, 2003, the company makes customised components for many sectors utilising its proficiency in precision engineering of various forging and machining requirements.

In FY23, the company operationalised a 4 mega watt capacity ground mounted solar project.

As of June 30, 2023, the promoter and promoter group owned 55.25% of the company’s shares, as against 57.64% holding on March 31, 2023.

The public shareholding on June 30, 2023, was 7.28%, down from 6.53% at the end of FY23. The domestic institutions held sway over 32.47% of the shares on June 30, 2023, marginally above the 31.76% stake they controlled at the end of FY23. The foreign institutions held over 5.01% of the shares on June 30, 2023, marginally above the 4.06% stake they controlled at the end of FY23.

Rolex Rings Limited successfully floated an initial public offering (IPO) on July 28, 2021, and the company was listed on the National Stock Exchange (NSE) and BSE on August 9, 2021.

The market capitalisation of Rolex Rings is close to ₹5,900 crore as of February 27, 2024. Rolex Rings share price has gained over 15% in the last one year.

Business operations

The company has three manufacturing plants, all located in Rajkot. Bearing rings constitute 60% of the company’s turnover, with the remaining 40% coming from automotive components It does business in India, Canada, tUS, Mexico, Slovakia, France, Portugal, Poland, Germany, Romania, Czech Republic, Hungary, Austria, Italy, Russia and South Africa.

Rolex Rings’ diverse product portfolio includes transmission components like gear blanks, ring gear and shafts. Engine components like pulley, cam lobs and chasis components, including wheel hubs and bearings, are also manufactured by the company.

It also churns out bearing rings, angular contact bearings, double row bearings and exhaust system. Its products are used in two, three and four wheelers, railways, off-highway, earth-moving equipment, wind mill and sectors like textile, electrical, defence, power, aerospace, marine, oil & natural gas.

Rolex Rings’ revenue is export-driven. In FY23, exports contributed to 60% of the company’s revenue, with the share of the domestic market being 40%.

Financial Highlights

– The total revenue increased by over 17% to ₹1179 crore in FY23 from ₹1010 crore in FY22.

– EBITDA (earnings before interest, taxes, depreciation, and amortisation) was at ₹280 crore in FY23 with a year-on-year growth of 16.7% from ₹240 crore.

– The company's profit after tax (PAT) increased 50% year-on-year to ₹198 crore in FY23 from ₹132 crore in FY22.

– The company's earnings per share (EPS) increased to ₹72.74 in FY23 as against ₹50.23 in FY22.

Rolex Rings Key indicators

arrow

52 week high

₹2,677.40

52 week low

₹1,720.00

P/E ratio

43.62

P/B ratio

7.51

ROE

30.76%

ROCE

31.79%

Dividend yield

--

Debt/Equity ratio

0.11

EPS

72.74

Learn more

Investment checklist: (3/6)

arrow
check status

Equity returns

check status

Dividend returns

check status

Safety factor

check status

Growth factor

check status

Debt vs Equity

check status

Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

arrow

Buy

50%

Hold

50%

Sell

0%

This analysis is based on the reviews of 2 experts in the last 7 days

Fundamentals

Financial ratios

arrow
  • Profitability

  • Operational

  • Valuation

Operating profit margin

23.75%

Net profit margin

16.8%

ROE

30.76%

ROA

19.83%

ROCE

31.79%

Learn more

Rolex Rings Shareholder returns

arrow

1 day

+1.53%

1 week

+1.21%

1 month

-2.39%

3 months

+34.06%

1 year

+12.72%

3 years

+115.11%

5 years

+115.11%

Rolex Rings Share Price history

arrow
DayOpenCloseDay’s change
Fri, Jun 21 2024
₹2,472.70
₹2,510.35
+1.53%
Thu, Jun 20 2024
₹2,502.30
₹2,472.55
-1.19%
Wed, Jun 19 2024
₹2,519.95
₹2,502.30
+0.38%
Tue, Jun 18 2024
₹2,535.00
₹2,492.85
-0.24%
Fri, Jun 14 2024
₹2,455.50
₹2,498.85
+0.75%
Thu, Jun 13 2024
₹2,474.90
₹2,480.25
+1.24%
Wed, Jun 12 2024
₹2,511.00
₹2,449.80
-1.82%
Tue, Jun 11 2024
₹2,408.05
₹2,495.25
+2.74%

Shareholding info

arrow

Promoters (55.25%)

Mutual Funds (28.62%)

Retail and other (7.1%)

Foreign institutions-FII (7.75%)

Other domestic institutions (1.29%)

Promoters

Learn more

Frequently asked questions