- Company has reduced debt. - Company has delivered good profit growth of 21.9% CAGR over last 5 years - Company has a good return on equity (ROE) track record: 3 Years ROE 29.3% - Annual Revenue rose 16.5%, in the last year to Rs 1,198.3 Crores. Its sector's average revenue growth for the last fiscal year was 26%. - Quarterly Revenue rose 8.6% YoY to Rs 313.7 Crores. Its sector's average revenue growth YoY for the quarter was 23.1%. - PE Ratio is 29.9, lower than its sector PE ratio of 36.3. - FII and DII holding increased last quarter.
Rolex Rings is a leading manufacturer of forged and machined components in India and is one of the top 5 forging companies in India. The company is a Global supplier of hot rolled forged, machined bearing rings and automotive components for various segments of vehicles, Industrial Machinery, Wind Turbines and Railways.
The company derives nearly 54% of its revenue from bearing rings and 38% from automotive components.
The company exports its products bearing rings and automotive components to 17 different countries including France, Italy, Germany, Thailand, Czech Republic, USA, and others. Exports contributed 46% of the revenue of the company.
The company supplies to automotive companies and leading bearing manufacturers such as SRF India, Schaeffler India, Timken India, etc. Top 10 customers accounted for 80% revenue of the company
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