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ROLE

Rolex Rings NSEI:ROLEXRINGS Stock Report

Last Price

₹1.16k

Market Cap

₹31.5b

7D

-4.3%

1Y

n/a

Updated

15 May, 2022

Data

Company Financials
ROLEXRINGS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance6/6
Financial Health4/6
Dividends0/6

ROLEXRINGS Stock Overview

Rolex Rings Limited manufactures and sells machined / forged rings and auto components in India and internationally.

Rolex Rings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Rolex Rings
Historical stock prices
Current Share Price₹1,159.65
52 Week High₹1,394.00
52 Week Low₹994.80
Beta0
1 Month Change-11.59%
3 Month Change-4.57%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-0.63%

Recent News & Updates

Apr 03
Rolex Rings Limited's (NSE:ROLEXRINGS) Business Is Trailing The Market But Its Shares Aren't

Rolex Rings Limited's (NSE:ROLEXRINGS) Business Is Trailing The Market But Its Shares Aren't

When close to half the companies in India have price-to-earnings ratios (or "P/E's") below 20x, you may consider Rolex...

Nov 10
We Think That There Are Issues Underlying Rolex Rings' (NSE:ROLEXRINGS) Earnings

We Think That There Are Issues Underlying Rolex Rings' (NSE:ROLEXRINGS) Earnings

Rolex Rings Limited's ( NSE:ROLEXRINGS ) robust earnings report didn't manage to move the market for its stock. Our...

Shareholder Returns

ROLEXRINGSIN MachineryIN Market
7D-4.3%-5.1%-5.1%
1Yn/a28.3%9.7%

Return vs Industry: Insufficient data to determine how ROLEXRINGS performed against the Indian Machinery industry.

Return vs Market: Insufficient data to determine how ROLEXRINGS performed against the Indian Market.

Price Volatility

Is ROLEXRINGS's price volatile compared to industry and market?
ROLEXRINGS volatility
ROLEXRINGS Average Weekly Movement4.1%
Machinery Industry Average Movement6.6%
Market Average Movement7.2%
10% most volatile stocks in IN Market10.0%
10% least volatile stocks in IN Market4.7%

Stable Share Price: ROLEXRINGS is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ROLEXRINGS's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19771,815Manesh Madekahttps://www.rolexrings.com

Rolex Rings Limited manufactures and sells machined / forged rings and auto components in India and internationally. It offers transmission components, such as gear blanks, ring gears, sun and pinion products, shafts, and lock nuts; engine components, including pullies, cam lobs, and other forged components; chasis components comprising wheel hubs, gen2 and gen3 bearing components, output shafts, and CVJ components; bearing rings; and exhaust system components consisting of flanges, biocones, and tulips. The company’s products are used in industrial, railways, off highway, earth moving, windmill, textile, electrical, defense, power, aerospace, marine, and oil and natural gas industries, as well as for two, three, and four wheelers.

Rolex Rings Fundamentals Summary

How do Rolex Rings's earnings and revenue compare to its market cap?
ROLEXRINGS fundamental statistics
Market Cap₹31.53b
Earnings (TTM)₹1.32b
Revenue (TTM)₹9.37b

23.9x

P/E Ratio

3.4x

P/S Ratio

Is ROLEXRINGS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ROLEXRINGS income statement (TTM)
Revenue₹9.37b
Cost of Revenue₹4.31b
Gross Profit₹5.06b
Other Expenses₹3.74b
Earnings₹1.32b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)48.36
Gross Margin54.03%
Net Profit Margin14.06%
Debt/Equity Ratio47.4%

How did ROLEXRINGS perform over the long term?

See historical performance and comparison

Valuation

Is Rolex Rings undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


23.94x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: ROLEXRINGS (₹1159.65) is trading above our estimate of fair value (₹9.44)

Significantly Below Fair Value: ROLEXRINGS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ROLEXRINGS is poor value based on its PE Ratio (23.9x) compared to the Indian Machinery industry average (22.4x).

PE vs Market: ROLEXRINGS is poor value based on its PE Ratio (23.9x) compared to the Indian market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ROLEXRINGS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ROLEXRINGS is overvalued based on its PB Ratio (6.6x) compared to the IN Machinery industry average (1.9x).


Future Growth

How is Rolex Rings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


20.5%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Rolex Rings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Rolex Rings performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


19.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ROLEXRINGS has high quality earnings.

Growing Profit Margin: ROLEXRINGS's current net profit margins (14.1%) are higher than last year (12.5%).


Past Earnings Growth Analysis

Earnings Trend: ROLEXRINGS's earnings have grown by 19.7% per year over the past 5 years.

Accelerating Growth: ROLEXRINGS's earnings growth over the past year (67.6%) exceeds its 5-year average (19.7% per year).

Earnings vs Industry: ROLEXRINGS earnings growth over the past year (67.6%) exceeded the Machinery industry 46.2%.


Return on Equity

High ROE: ROLEXRINGS's Return on Equity (27.7%) is considered high.


Financial Health

How is Rolex Rings's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ROLEXRINGS's short term assets (₹4.6B) exceed its short term liabilities (₹3.3B).

Long Term Liabilities: ROLEXRINGS's short term assets (₹4.6B) exceed its long term liabilities (₹892.9M).


Debt to Equity History and Analysis

Debt Level: ROLEXRINGS's net debt to equity ratio (43.4%) is considered high.

Reducing Debt: Insufficient data to determine if ROLEXRINGS's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ROLEXRINGS's debt is well covered by operating cash flow (21.1%).

Interest Coverage: ROLEXRINGS's interest payments on its debt are well covered by EBIT (8.4x coverage).


Balance Sheet


Dividend

What is Rolex Rings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate ROLEXRINGS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ROLEXRINGS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ROLEXRINGS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ROLEXRINGS's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ROLEXRINGS has not reported any payouts.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average board tenure


CEO

Manesh Madeka

no data

Tenure

₹9,600,000

Compensation

Mr. Manesh Dayashankar Madeka is Chairman & MD of Rolex Rings Limited. He has many years of work experience in marketing, production and finance.


CEO Compensation Analysis

Compensation vs Market: Manesh's total compensation ($USD123.94K) is below average for companies of similar size in the Indian market ($USD272.68K).

Compensation vs Earnings: Manesh's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: ROLEXRINGS's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: ROLEXRINGS only recently listed within the past 12 months.


Top Shareholders

Company Information

Rolex Rings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Rolex Rings Limited
  • Ticker: ROLEXRINGS
  • Exchange: NSEI
  • Founded: 1977
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: ₹31.527b
  • Shares outstanding: 27.23m
  • Website: https://www.rolexrings.com

Number of Employees


Location

  • Rolex Rings Limited
  • Gondal Road
  • Near Kotharia Railway Crossing
  • Rajkot
  • Gujarat
  • 360004
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/15 00:00
End of Day Share Price2022/05/13 00:00
Earnings2021/12/31
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.