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...
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)....
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)....
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...
