Rolex Rings Limited has informed the Exchange about Investor Presentation
Rolex Rings Limited Update on earnings for Q3 and 9MFY25
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
.
2
Q3 and 9MFY25 financials and business developments
Financial Performance - Quarterly
Revenues from Operations (₹ mn)
EBITDA (₹ mn) and margins
Operating PBT/ PAT (₹ mn)*
3 3 7 2
,
3 0 0 3
,
9 9 5 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 %
Operating PBT (INR Mn)
PAT (INR Mn)
20.6%
572
24.4%
20.9%
755
551
800.00
700.00
600.00
500.00
400.00
300.00
200.00
100.00
-
651
493
452
500
370
202
700.00
600.00
500.00
400.00
300.00
200.00
100.00
-
Q3FY24
Q2FY25
Q3FY25
Q3FY24
Q2FY25
Q3FY25
Q3FY24
Q2FY25
Q3FY25
Revenues from Operations (excluding scrap and other operating income) for nine months ended December 31, 2024
55%
Bearing Rings
Auto Components
45%
52%
Exports
48%
Domestic
*9M financials includes exceptional expenses of INR 186 million towards provision for “RoR” wherein the liability is yet to be settled; total provision till date for RoR related liabilities is INR 506 million .
4
New business wins over the last 2 quarters
Customer details
Customer 1/ Auto
Customer 1/ Auto EV
Customer 2/ Auto
Customer 3/ Auto
Customer 4 & 5/ Bearing Rings
Customer 6/ Auto
Customer 7/ Bearing Rings
Total new orders won
Geography
Europe
Latin America
Latin America
North America
Europe
India
India
Indicative Annual business expected from FY26 onwards (₹ mn)
~INR 800mn
~INR 250mn
~INR 250mn
~INR 300mn
~INR 100mn
~INR 75mn
~INR 1,750mn
.
5
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%
1.2%
45.0%
27.4%
26.3%
0.2%
FY19
FY20
FY21
FY22
FY23
FY24
36.8%
38.2%
40.0%
42.5%
40.3%
30.6%
29.6%
26.4%
24.1%
32.3%
26.8%
26.1%
27.8%
1.3%
0.5%
0.0%
0.0%
20.3%
28.7%
9MFY25
46.1%
17.3%
28.8%
PV
Industrial
CV & HCV
2W
BEV & Hybrid
0.3%
0.2%
4.1%
7.1%
5.6%
10.8%
7.7%
6
Key financials parameters
Total Revenues from Operations (₹ mn)
EBITDA (₹ mn) and margins
PBT/ PAT (₹ mn)
Inside India
Outside India
EBITDA (INR mn)
EBITDA Margin %
10,102
6,660
6,163
5,472
11,790
12,217
6,523
6,357
3,585
3,459
3,075
2,704
4,630
5,267
5,860
14,000.00
12,000.00
10,000.00
8,000.00
6,000.00
4,000.00
2,000.00
-
8,709
4,204
4,505
23.4%
23.4%
22.4%
23.3%
19.4%
18.1%
3 0 4 2
,
0 0 8 2
,
8 0 3 1
,
3 2 1 1
,
0 7 7 2
,
0 7 0 2
,
3,000.00
2,500.00
2,000.00
1,500.00
1,000.00
500.00
-
FY20*
FY21*
FY22
FY23
FY24
9MFY25
FY20*
FY21*
FY22
FY23
FY24
9MFY25
3,000.00
2,500.00
2,000.00
1,500.00
1,000.00
500.00
-
Operating PBT (INR Mn)
PAT (INR Mn)
7 1 4 2
,
0 3 4 2
,
1 8 9 1
,
4 4 9 1
,
9 1 3 1
,
0 7 7 1
,
0 6 5 1
,
4 9 1 1
,
0 7 8
2 5 7
1 2 7
9 2 5
FY20*
FY21*
FY22
FY23
FY24** 9MFY25**
Operating Cash Flows & Capex (₹ mn)
Net Debt (₹ mn) and Net Debt: Equity
Return on Equity (%)
CFO (INR Mn)
Capex (INR Mn)
Net Debt (INR mn)
Net Debt: Equity
8 3 8 1
,
2,500.00
2,000.00
1,500.00
1,000.00
500.00
-
5 3 1 2
,
4 1 2 2
,
8 3 2 1
,
1 6 1
2 9 5
7 8 3
5 9 6
9 8 5
3 2 4
8 4 5
8 8 1
3,000.00
2,500.00
2,000.00
1,500.00
1,000.00
500.00
-
(500.00)
0.95
0.69
0.37
0.06
(0.01)
(0.03)
7 7 5 2
,
9 4 4 2
,
0 3 0 2
,
1 7 4
) 7 0 1 (
) 8 8 2 (
RoE (%)
24%
27%
24%
20%
17%
27%
30.00%
28.00%
26.00%
24.00%
22.00%
20.00%
18.00%
16.00%
14.00%
12.00%
10.00%
FY20*
FY21*
FY22
FY23
FY24 H1FY25
FY20*
FY21*
FY22
FY23
FY24 H1FY25
FY19*
FY20*
FY21*
FY22
FY23
FY24**
Note : Return on Equity = Profit After Tax / Total Equity; * indicates that numbers are based on Restated Financials; **FY24 & 9M financials includes exceptional expenses of INR 320 million and INR 186 million respectively .
7
Statement of Profit and Loss (Quarterly)
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 before exceptional items (III) = (I - II)
Exceptional Items (IV)
Total tax expense (V)
Profit for the period (VI) = (III – IV-V)
.
Q3FY25
Q3FY24
2,599
39
2,637
2,733
46
2,779
1,248
1,460
55
169
2
97
614
(85)
166
4
68
665
2,185
2,279
452
186
64
202
500
-
130
370
Y-o-Y %
(5%)
(10%)
(45%)
Q2FY25
3,003
95
3,097
1,554
(108)
179
7
97
717
2,446
651
-
159
493
Q-o-Q %
(15%)
(31%)
(59%)
8
Statement of Profit and Loss
Particulars (₹ mn)
Income
Revenue from operations
Other income
Total income (I)
Expenses
9M FY25
FY24
FY23
FY22
FY21
FY20
FY19
8,709
186
8,895
12,218
151
11,790
193
10,102
114
12,368
11,983
10,217
Cost of raw materials and components consumed
4,375
6,313
5,860
Decrease/ (increase) in inventories of finished goods and WIP
Employee benefits expense
Finance costs
Depreciation and amortization expense
Other expenses
Total expenses (II)
Profit before tax (III) = (I - II)
Exceptional items (IV)
Tax expense
Current tax expenses
Deferred tax charge / (Credit)
Total tax expense (V)
(40)
520
12
288
1,970
7,125
1,770
186
414
(24)
390
(42)
644
27
326
2,683
9,951
2,417
320
588
(52)
537
Profit for the period (VI) = (III – IV – V)
1,194
1,560
.
139
592
101
269
2,593
9,553
2,430
-
612
(163)
449
1,981
5,195
(554)
588
204
256
2,584
8,273
1,944
-
666
(41)
625
1,319
6,163
34
6,198
3,166
(292)
519
117
254
1,682
5,446
752
-
130
(248)
(118)
870
6,660
93
6,753
3,137
156
527
322
265
1,626
6,032
721
-
127
64
191
529
9,043
69
9,113
4,529
(190)
608
420
254
2,085
7,707
1,406
-
309
506
815
590
9
Balance Sheet - Snapshot
Particulars (₹ mn)
H1 FY25
FY24
FY23
FY22
FY21
FY20
Assets
Non-current assets
Property, plant, and equip.
4,599
4,659
3,902
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
38
0
5
- 217
20
138
41
0
5
- 157
20
77
458
0
6
- 116
20
184
3,789
460
0
8
- 42
20
155
3,851
3,902
597
458
0
6
-
140
20
288
0
6
25
34
20
111
2,554
2,405
2,556
2,617
1,711
1,306
0
0
0
0
1
31
b) Trade receivables
2,055
2,176
2,285
2,305
1,708
1,277
c) Cash and cash equivalents
d) Bank balances other than c.
e) Other financial assets
f) Investments
Current tax assets (net)
Other current assets
450
52
35 1,963
15
163
189
99
43 1,075
15
249
217
127
76
-
-
38
162
104
-
-
46
58
68
-
-
186
152
195
12
152
60
-
-
92
Total assets
12,302
11,209
10,133
9,850
7,969
6,862
Particulars (₹ mn)
H1 FY25
FY24
FY23
FY22
FY21
FY20
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 liab. (net)
Provisions
Current liabilities
Financial Liabilities
a) Borrowings
b) Lease liabilities
c) Trade payables
d) Other financial liabilities
Other liabilities
Provisions
Current tax liabilities (net)
272
9,702
9,974
272
8,710
8,982
272
7,158
7,430
272
5,176
5,448
240
3,328
3,567
240
2,441
2,681
0
0
179
407
43
213
0
990
64
30
329
72
0
0
179
390
44
0
0
179
445
32
205
0
179
608
33
323
1
179
324
31
442
1
179
569
31
180
0
815
0
2,024
0
1,010
1,110
1,197
66
21
329
6
47
22
7
45
58
23
8
67
1,836
1,939
0
1,176
434
15
7
75
0
738
261
8
7
3
Total liabilities
2,328
2,227
2,702
4,402
4,402
4,181
Total equity and liabilities
12,302
11,209
10,133
9,850
7,969
6,862
.
10
Contact Us
For further information, please contact:
+91 281 6699 577/ 677
info@rolexrings.com
Mr. Hiren Doshi – Chief Financial Officer
.
11