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Buy Rolex Rings Ltd For Target Rs.2500 - JM Financial Institutional Securities Tepid demand environment impacts exports Rolex Rings results were below expectations. Net sales were up 4% YoY, 10% below JMFe, given a sharper than expected slowdown in exports. Segment wise, demand in bearing rings segment was healthy, while auto component faced some challenges, due to tepid demand situation in international geographies. Gross margins declined by 900bps YoY to 45.3%, given a mix of higher raw material cost (high cost inventory) and adverse sales mix as exports have much ...
Buy Rolex Rings Ltd For Target Rs.2500 - JM Financial Institutional Securities
Buy Rolex Rings Ltd For Target Rs.2500 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
22/06/2023 2:23:03 PM
Buy Rolex Rings Ltd For Target Rs.2500 - JM Financial Institutional Securities New client addition compensates slowing exports Rolex Rings reported in line numbers for 2QFY23. Net sales were up 12% YoY, in line with JMFe, given healthy growth across both segments. Domestic segment (47% of sales) continued to grow at healthy pace led by pickup in demand in automotive segment, but export (52% of sales) face softness due to slowdown in Europe (25% of the revenue) as some customer deferred deliveries by 15-20%. Gross margins sustained at 53.1% (+100bps QoQ), led by price...
Buy Rolex Rings Ltd For Target Rs.2500 - JM Financial Institutional Securities
Buy Rolex Rings Ltd For Target Rs.2500 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
4/12/2022 10:34:51 AM
Rolex Rings Q4 net profit up 0.46% at Rs 39.06 cr The company reported standalone net profit of Rs 39.06 crore for the quarter ended March 31, 2022 as compared to Rs 38.88 crore in the same period last year, registering a year-on-year growth of 0.46 per cent. Net revenue of the company rose substantially by 38.40 per cent at Rs 288.77 crore in January-March quarter of this fiscal as against Rs 208.65 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 34.98 per cent to Rs 222.86 crore fr...
Rolex Rings Q4 net profit up 0.46% at Rs 39.06 cr
Rolex Rings Q4 net profit up 0.46% at Rs 39.06 cr
Source: Dion Global Solutions Ltd
23/05/2022 4:53:12 PM
IPO Note - Rolex Rings Ltd By Nirmal Bang BACKGROUND Rolex (Rolex Rings Ltd) is one of the top five forging companies in India, designing, manufacturing and supplying hot rolled forged and machined bearing rings, and automotive components for vehicles including two-wheelers, passenger vehicles, commercial vehicles, off-highway vehicles, electric vehicles, industrial machinery, wind turbines and railways. Rolex supplies its products to leading bearing manufacturers such as SRF India, Schaeffler India and Timken India which account ...
IPO Note - Rolex Rings Ltd By Nirmal Bang
IPO Note - Rolex Rings Ltd By Nirmal Bang
Source: Nirmal Bang Ltd
28/07/2021 9:04:00 AM
IPO Note - Rolex Rings Ltd By Choice Broking Salient features of the IPO: * Rolex Rings Ltd. (RRL), one of the top five forging companies in India, is planning to raise up to Rs. 730cr through an IPO, which opens on 28th Jul. and closes on 30th Jul. 2021. The price band is Rs. 880 - 900 per share. * The issue is a combination of fresh and OFS. The company will not receive any proceeds from the OFS portion. Of the net proceeds from the fresh issue, Rs. 45cr will be utilized to fund the working capital requirement of the company and...
IPO Note - Rolex Rings Ltd By Choice Broking
IPO Note - Rolex Rings Ltd By Choice Broking
Source: Choice Broking
27/07/2021 5:48:32 PM
Rolex Rings coming with an IPO to raise upto Rs 732 crore Rolex Rings Rolex Rings is coming out with a 100% book building; initial public offering (IPO) of 81,36,363 shares of Rs 10 each in a price band Rs 880-900 per equity share.  Not more than 50% of the issue will be allocated to Qualified Institutional Buyers (QIBs), including 5% to the mutual funds. Further, not less than 15% of the issue will be available for the non-institutional bidders and the remaining 35% for the retail investors.   The issue will ...
Rolex Rings coming with an IPO to raise upto Rs 732 crore
Rolex Rings coming with an IPO to raise upto Rs 732 crore
Source: Accord Fintech
27/07/2021 1:48:31 PM
IPO Note - Rolex Rings Ltd By Religare Broking About the Company Rolex Rings (Rolex) 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. It supply 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. Its product portfolio includes a wide range of bearing rings, par...
IPO Note - Rolex Rings Ltd By Religare Broking
IPO Note - Rolex Rings Ltd By Religare Broking
Source: Religare Broking Ltd
27/07/2021 10:41:38 AM