Rolex Rings Limited has informed the Exchange about Investor Presentation
Rolex Rings Limited Update on earnings for Q4FY22
Safe Harbor
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Rolex Rings Ltd (the “Company”), have been prepared solely for information purposes and
do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding
commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This
Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or
implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all
inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-
looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult
to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the
industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological
implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The
Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company
assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this
Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections
.
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Q4 FY22 financials and business developments
Financial Performance - Quarterly
Total Income (₹ mn)
EBITDA (₹ mn) and margins
PBT/ PAT (₹ mn)
5 4 1 2
,
7 2 4 2
,
9 4 9 2
,
3,500.0
3,000.0
2,500.0
2,000.0
1,500.0
1,000.0
500.0
-
EBITDA (INR mn)
EBITDA Margin %
PBT (INR Mn)
PAT (INR Mn)
800.00
700.00
600.00
500.00
400.00
300.00
200.00
100.00
-
23.0%
494
21.7%
527
24.4%
720
700.00
600.00
500.00
400.00
300.00
200.00
100.00
-
390
389
439
298
603
391
Q4FY21
Q3FY22
Q4FY22
Q4FY21
Q3FY22
Q4FY22
Q4FY21
Q3FY22
Q4FY22
Revenues from Operations (excluding scrap) for FY22
42%
Bearing Rings
Auto Components
60%
Exports
Domestic
58%
40%
.
o Continued momentum in business with indicative despatches of >INR 3,000mn in Q4 FY22 for the 1st time in the history of the Company;
o We are witnessing strong demand pull across domestic as well as export markets especially in industrial rings and automotive exports;
o Continue to witness strong order-wins as well as implementation of previously won programs; rapidly expanding across European and Latin American plants of a leading bearing company
o We have completed installation and are in the process of getting final regulatory consents for 4.2MW of ground mounted solar; planning to commission additional 12MW in ground mounted solar by end of 2022
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Revenue mix by indicative end-user industries
Revenues from operations (excluding scrap sales and other operating income)
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
FY19
45.0%
27.4%
26.3%
0.2%
1.2%
FY20
36.8%
30.6%
32.3%
0.2%
0.3%
FY21
38.2%
29.6%
26.8%
4.1%
1.3%
FY22
40.0%
26.4%
26.1%
7.1%
PV
Industrial
CV & HCV
2W
BEV & Hybrid
0.5%
Rolex continues to maintain growth momentum with focus on margins and strengthening balance sheet
Total Revenues from Operations (₹ mn)
EBITDA (₹ mn) and margins
PBT/ PAT (₹ mn)
Inside India
Outside India
12,000.00
10,000.00
8,000.00
6,000.00
4,000.00
2,000.00
-
5,089
4,769
3,585
3,459
3,074
3,955
3,075
2,704
5,472
4,695
FY18*
FY19*
FY20*
FY21*
FY22
Operating Cash Flows & Capex (₹ mn)
2,500.00
2,000.00
1,500.00
1,000.00
500.00
-
8 5 3 1
,
CFO (INR Mn)
Capex (INR Mn)
8 3 9 1
,
8 3 8 1
,
1 6 3
7 6 3
1 6 1
2 9 5
7 8 3
5 9 6
9 8 5
3,000.00
2,500.00
2,000.00
1,500.00
1,000.00
500.00
-
6,000.00
5,000.00
4,000.00
3,000.00
2,000.00
1,000.00
-
EBITDA (INR mn) 22.8%
EBITDA Margin % 23.4%
21.3%
0 8 0 2
,
3 8 6 1
,
19.4%
18.1%
3 0 4 2
,
8 0 3 1
,
3 2 1 1
,
PBT (INR Mn)
PAT (INR Mn)
4 4 9 1
,
9 1 3 1
,
6 0 4 1
,
1 4 9
9 2 7
0 9 5
1 2 7
9 2 5
0 7 8
2 5 7
2,500.00
2,000.00
1,500.00
1,000.00
500.00
-
FY18*
FY19*
FY20*
FY21*
FY22
FY18*
FY19*
FY20*
FY21*
FY22
Net Debt (₹ mn) and Net Debt: Equity
RoE (%)
Net Debt (INR mn)
Net Debt: Equity
3.23
4 4 0 5
,
1.79
0 5 8 3
,
0.95
0.69
7 7 5 2
,
9 4 4 2
,
0.37
0 3 0 2
,
50.00%
45.00%
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
47%
RoE (%)
24%
24%
27%
20%
FY18*
FY19*
FY20*
FY21*
FY22
FY18*
FY19*
FY20*
FY21*
FY22
FY18*
FY19*
FY20*
FY21*
FY22
Note : Return on Net Worth = Profit After Tax / Total Equity; * indicates that numbers are based on Restated Financials .
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Statement of Profit and Loss
Particulars (₹ mn)
Income
Revenue from operations
Other income
Total income (I)
Expenses Cost of raw materials and components consumed
Decrease/ (increase) in inventories of finished goods and work-in progress
Employee benefits expense
Finance costs
Depreciation and amortization expense
Other expenses
Total expenses (II)
Profit before tax (III) = (I - II)
Tax expense
Current tax expenses
Deferred tax charge / (Credit)
Total tax expense (IV)
Profit for the period (V) = (III - IV)
.
Q4FY22
Q4FY21
2,888
61
2,949
1,483
(168)
143
54
63
770
2,346
603
211
1
212
391
2,087
58
2,145
1,073
(144)
147
41
63
574
1,755
390
68
(67)
1
389
Q-o-Q %
37%
55%
1%
Q3FY22
2,421
6
2,427
1,294
(198)
146
22
66
659
1,988
439
150
(9)
141
298
Y-o-Y %
22%
37%
31%
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Balance Sheet - Snapshot
Particulars (₹ mn)
Assets
Non-current assets
Property, plant, and equipment
Capital work in progress
Right-of-use assets
Intangible assets
Financial assets
a) Loans
b) Other financial assets
Income tax assets (net)
Other non-current assets
Current assets
Inventories
Financial assets
a) Loans
b) Trade receivables
c) Cash and cash equivalents
d) Bank balances other than Cash and cash equivalents
e) Other financial assets
Other current assets
FY22
FY21
FY20
FY19
3,789
460
0
8
-
42
20
155
3,714
3,730
3,808
12
1
9
-
140
20
288
-
1
12
25
34
20
111
10
1
14
33
125
20
131
2,617
1,711
1,306
1,602
0
2,305
37
162
104
156
1
1,708
46
58
68
195
31
1,277
12
152
60
92
1
1,815
1
45
102
113
Particulars (₹ mn) Equity and liabilities Equity Equity share capital Other equity Total equity Liabilities Non-current liabilities Financial liabilities a) Borrowings b) Lease liabilities Income tax liabilities (net) Deferred tax liabilities (net) Provisions
Current liabilities Financial Liabilities a) Borrowings b) Lease liabilities c) Trade payables d) Other financial liabilities Other liabilities Provisions Income tax liabilities (net)
FY22
FY21
FY20
FY19
272 5,176 5,448
240 3,328 3,567
240 2,441 2,681
240 1,914 2,153
205 1 179 608 33
2,024 0 1,201 58 23 8 67
323 1 179 324 31
1,836 0 1,176 434 15 7 75
442 1 179 569 31
1,939 0 738 261 8 7 3
913 1 171 506 23
2,343 0 913 671 13 7 107
Total liabilities
4,406
4,402
4,181
5,669
Total assets
9,854
7,969
6,862
7,823
Total equity and liabilities
9,854
7,969
6,862
7,823
.
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Contact Us
For further information, please contact:
+91 281 6699 577/ 677
info@rolexrings.com
Mr. Hiren Doshi – Chief Financial Officer
.
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