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01 Aug 2025 |
Rolex Rings
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Consensus Share Price Target
|
1429.30 |
2284.50 |
- |
59.83 |
buy
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02 Jun 2025
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Rolex Rings
|
IDBI Capital
|
1429.30
|
1701.00
|
1595.50
(-10.42%)
|
19.01 |
Hold
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Rolex Rings (Rolex) exhibited below expected performance in Q4FY25. The slowdown in their main segment of bearings is particularly impacting performance. The major MNC clients in the bearings segment are going slow on their capex plans which has impacted demand. An important aspect to note is that of an audit qualification with qualified opinion of Rs 2,278.6 mn from the banks for Right to Recompense against which the company has provided Rs 506 mn till date. The company has secured legal opinion and there remains a probability of further impact to the P&L on account of any adverse...
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17 Feb 2025
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Rolex Rings
|
IDBI Capital
|
1429.30
|
1701.00
|
1509.95
(-5.34%)
|
19.01 |
Hold
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|
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11 Nov 2024
|
Rolex Rings
|
IDBI Capital
|
1429.30
|
2268.00
|
2032.40
(-29.67%)
|
58.68 |
Hold
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|
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21 May 2024
|
Rolex Rings
|
IDBI Capital
|
1429.30
|
2500.00
|
2571.90
(-44.43%)
|
Target met |
Hold
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|
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05 Feb 2024
|
Rolex Rings
|
IDBI Capital
|
1429.30
|
2500.00
|
2140.10
(-33.21%)
|
Target met |
Hold
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30 May 2023
|
Rolex Rings
|
IDBI Capital
|
1429.30
|
2500.00
|
1919.50
(-25.54%)
|
Target met |
Buy
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|
|
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29 Jul 2021
|
Rolex Rings
|
Prabhudas Lilladhar
|
1429.30
|
|
|
|
IPO Note
|
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Rolex Rings has posted superior financial performance over last three years reducing debt by ~247Cr (50%), led by strong free cash flow generation of ~420cr FY18-20. It delivered attractive return ratios driven by high margins. Company further intends to reduce its power and fuel cost by increasing captive power capacity by 16MW. Against these backdrops, post IPO...
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28 Jul 2021
|
Rolex Rings
|
Ashika Research
|
1429.30
|
|
|
|
IPO Note
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10 each, (Comprising of fresh issue of 622,222 Equity Total Public Shares* (Rs. 56 cr.) and Offer for Sale of 7,500,000 Equity Shares (Rs. 453.6 cr.*) by Selling Shareholder)....
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28 Jul 2021
|
Rolex Rings
|
Ashika Research
|
1429.30
|
|
|
|
IPO Note
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10 each, (Comprising of fresh issue of 622,222 Equity Total Public Shares* (Rs. 56 cr.) and Offer for Sale of 7,500,000 Equity Shares (Rs. 453.6 cr.*) by Selling Shareholder)....
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27 Jul 2021
|
Rolex Rings
|
HDFC Securities
|
1429.30
|
|
|
|
IPO Note
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Rolex Rings Limited IPO Note Issue Open: July 28 July 30 2021 Price Band: Rs. 880 900 *Issue Size: 8,122,222 eq shares (Fresh Issue of Rs.56 cr + Offer for sale of 7,500,000 eq sh) Issue Size: Rs.716-731.0 cr Reservation for: QIB Upto 50% eq sh Non Institutional atleast 15% eq sh Retail atleast 35% eq sh
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27 Jul 2021
|
Rolex Rings
|
ICICI Securities Limited
|
1429.30
|
|
|
|
IPO Note
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Rolex Rings (RRL), one of the top five forging companies in India, commenced operations in 1988 with their first manufacturing plant in Rajkot. The company manufactures and supplies hot rolled forged bearing rings, automotive components (including EVs) for segments of vehicles including 2-W, PV, CV, industrial machinery, wind turbines & railway among other segments. The client base of RRL consists of leading global bearing manufacturers viz. SKF, Timken, Schaeffler, NEI & NRB Bearings. RRL has three manufacturing units in Rajkot consisting of 22 forging lines with a...
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27 Jul 2021
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Rolex Rings
|
Ventura
|
1429.30
|
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IPO Note
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27 Jul 2021
|
Rolex Rings
|
Angel Broking
|
1429.30
|
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|
IPO Note
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Rolex Rings Ltd. is one of the five largest forgings companies in India in terms of installed capacity and is a key supplier of bearing rings catering to leading bearing manufacturers in India. It has a comprehensive product portfolio and supplies bearing rings and automotive components for vehicles, industrial machinery, wind turbines and railways, etc.
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