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Rolex Rings
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Rolex Industries started its business under the partnership firm by two of its Promoters, Rupesh Dayashankar Madeka and Manesh Dayashankar Madeka in 1977-1978. The partnership deed was executed at Rajkot on April 26, 1988 and Jiten Dayashankar Madeka was admitted as partner in Rolex Industries. Further, on October 10, 1989, Ashok Dayashankar Madeka and Pinakin Dayashankar Madeka were admitted as partners in Rolex Industries and on December 31, 2002, Bhautik Dayashankar Madeka, Paresh Dayashankar Madeka, Mihir Rupeshkumar Madeka, Hemal Paresh Madeka and Sanjay Bhagwanji Bole were admitted as partners in Rolex Industries.
The partnership firm was, thereafter, converted into a joint stock company under the Companies Act, 1956, in the name of Rolex Rings Private Limited', and a certificate of incorporation dated February 13, 2003, was issued by the RoC. The name of the Company was further changed to Rolex Rings Limited upon conversion to a public limited company pursuant to the special resolution dated February 19, 2021 passed by the Shareholders of the Company and consequently a fresh certificate of incorporation was issued by the RoC on March 10, 2021, recording the change of Company's name to Rolex Rings Limited'.
Presently, the company is engaged in manufacturing and selling of hot rolled forged & machined bearing rings and automotive components. The product portfolio of the company includes bearing rings, parts of gear box and automotive components, among others. Its manufacturing capabilities are complemented by tool design, engineering and product development capabilities. Till date, the company 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 the products suitable for a wide range of end-user industries such as automotive, railways, industrial infrastructure, renewable energy, among others.
In the year 1988, the company started manufacturing operations of forging and forged products and set up its first plant in Rajkot.
In the year 989, the company obtained Importer-Exporter code for export of business.
In the year 1991, the company commissioned license to work a factory for Unit -I.
In FY 2003, the company purchased Sakamura model HBP-160.
In FY 2007, it purchased 6 Manyo 600 tons Auto Forging Press and made investments by Rivendell PE LLC. During the same year, the company purchased Hatebur Hotmatic - HM75XL Hot Former and Sakamura Model HBP - 120SS. It availed registration of central excise for Unit 2.
In FY 2010, the company purchased SMS MEER Ring Rolling line.
In FY 2011, the company purchased Hatebur-Hotmatic@ HM 35 Machine.
In FY 2014, the company set up a license to work a factory for Unit-3.
In FY 2017, the company purchased Sakamura Model: HFW-1000-4 Hot Former.
In FY 2018, the company purchased Servomoto Driven Screw Press 16000kN from Enomoto Machine Co. Limited.
In FY 2021, the company supplied bearing rings and automotive components to over 60 customers in 17 countries, primarily located in India, United States of America and in European countries such as Germany, France, Italy, and Czech Republic, and Thailand.
The company received awards from customers in relation to 'Excellence in Technology' and 'Excellence in Cost and Productivity' from Timken in 2011. It received 'GM Supplier Quality Excellence Award' and got the 'Certificate of Supplier Quality' for fulfilling the quality assurance compliance by Hyundai Motors India Ltd. in 2014. The company was awarded ''Excellence in Technology Advancement' by Timken powered by VRIDDHI in 2016. The company received awards from customers in relation to products, such as Supplier Quality Excellence Award' from General Motors in 2018 and 2019 and Excellence in New Product Development' from Timken in 2018. Besides, it also received various certifications, demonstrating the dedication and commitment to quality and service excellence. The Company has recently received Q1 Preferred Quality Status' award in May 2021 from Ford.
Further, it is in the process of renewing its IATF 16949 (International Standard for Automotive Quality Management Systems) and ISO 9001 (International Standard for Quality Management Systems) certifications which pertains to quality management systems and such renewal has been recommended by TUV NORD - Germany.
Rolex Rings share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Rolex Rings indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Rolex Rings is valued compared to its competitors.
Rolex Rings PE ratio helps investors understand what is the market value of each stock compared to Rolex Rings 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Rolex Rings evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Rolex Rings generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Rolex Rings in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Rolex Rings shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Rolex Rings compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Rolex Rings over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Rolex Rings helps investors get an insight into when they can enter or exit the stock. Key components of Rolex Rings Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Rolex Rings shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Rolex Rings ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Rolex Rings provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Rolex Rings highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Rolex Rings .
The balance sheet presents a snapshot of Rolex Rings ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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