Rolex Rings Ltd. – Bearing Part Maker
Rajkot-based (Gujarat), RRL (Rolex Rings Non-public Restricted) was established as a partnership agency by Mr. Rupesh D. Madeka in 1980 and in a while reconstituted as a public restricted firm in 2021 and is presently managed by Mr.Manesh D. Madeka and household. RRL is engaged in manufacturing (forging and machining) bearing rings and auto elements like engine components, transmission components, exhaust system components, chassis components, and so forth. It caters primarily to the requirement of the car sector and has a reputed clientele comprising international and home auto-component producers. The corporate has three manufacturing models which can be all in Rajkot with an annual achievable capability of 144,750 MTPA in forging and 70 mn components each year in machining.
Rolex Rings has posted superior monetary efficiency over the past three years and lowered debt by round 40% led by robust free money stream era. It delivered enticing return ratios pushed by excessive margins. Therefore, we suggest a BUY ranking within the inventory with a goal value (TP) of Rs.2275, 40x FY24E EPS.
In case you are new to FundsIndia, open your FREE funding account with us and revel in lifelong research-backed funding steerage.
Different articles chances are you’ll like
Put up Views:
Leave a Reply