Rolex Rings Limited has informed the Exchange about Investor Presentation
Rolex Rings Limited Update on earnings for Q4 and FY25
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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
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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
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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 and FY25 financials and business developments
Financial Performance - Quarterly
Revenues from Operations (₹ mn)
EBITDA (₹ mn) and margins
Operating PBT/ PAT (₹ mn)*
3 6 1 3
,
9 9 5 2
,
9 3 8 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)
24.1%
762
900.00
800.00
700.00
600.00
500.00
400.00
300.00
200.00
100.00
-
21.2%
21.9%
621
551
634
700.00
600.00
500.00
400.00
300.00
200.00
100.00
-
452
546
493
236
202
Q4FY24
Q3FY25
Q4FY25
Q4FY24
Q3FY25
Q4FY25
Q4FY24
Q3FY25
Q4FY25
Revenues from Operations (excluding scrap and other operating income) for FY25
Business development during Q4 FY25
55%
Bearing Rings
47%
Auto Components
45%
Exports
Domestic
53%
• We continue to see subdued demand in bearing
rings especially in overseas markets;
• Our supplies to certain European customers came in weaker than expected with delays in a few programs which had expected to start in Q4FY25; • The drop in EBITDA margins is largely attributable
to lower revenues vis-à-vis Q4FY24;
• Expect recovery over the next six months with US
tariffs and global growth being key monitorable
*Q3 FY25 and Q4 FY24 includes exceptional expenses of INR 186mn and INR 320mn respectively towards provision for “RoR” wherein the liability is yet to be settled .
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Revenue mix by indicative end-user industries
Revenues from operations (excluding scrap sales and other operating income)
FY19
FY20
FY21
FY22
FY23
FY24
FY25
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
1.2%
45.0%
27.4%
26.3%
0.2%
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%
46.5%
17.1%
28.7%
PV
Industrial
CV & HCV
2W
BEV & Hybrid
0.3%
0.2%
4.1%
7.1%
5.6%
10.8%
7.7%
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Key financials parameters
Total Revenues from Operations (₹ mn)
EBITDA (₹ mn) and margins
PBT/ PAT (₹ mn)
Inside India
Outside India
EBITDA (INR mn)
EBITDA Margin %
11,790
12,217
11,548
10,102
6,660
6,163
5,472
6,523
6,357
5,534
3,585
3,459
3,075
2,704
4,630
5,267
5,860
6,014
14,000.00
12,000.00
10,000.00
8,000.00
6,000.00
4,000.00
2,000.00
-
23.4%
23.4%
22.4%
23.0%
19.4%
18.1%
3 0 4 2
,
0 0 8 2
,
0 7 7 2
,
1 9 6 2
,
8 0 3 1
,
3 2 1 1
,
3,000.00
2,500.00
2,000.00
1,500.00
1,000.00
500.00
-
FY20*
FY21*
FY22
FY23
FY24
FY25
FY20*
FY21*
FY22
FY23
FY24
FY25
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
,
3 6 2 2
,
0 4 7 1
,
0 6 5 1
,
4 4 9 1
,
9 1 3 1
,
0 7 8
2 5 7
1 2 7
9 2 5
FY20*
FY21*
FY22
FY23
FY24**
FY25**
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
,
2 7 2 2
,
1 6 1
2 9 5
7 8 3
5 9 6
9 8 5
3 2 4
8 4 5
3 2 5
FY20*
FY21*
FY22
FY23
FY24
FY25
3,000.00
2,500.00
2,000.00
1,500.00
1,000.00
500.00
-
(500.00)
(1,000.00)
0.95
0.69
0.37
0.06
(0.01)
(0.05)
7 7 5 2
,
9 4 4 2
,
0 3 0 2
,
1 7 4
) 7 0 1 (
) 9 3 5 (
FY20*
FY21*
FY22
FY23
FY24
FY25
28.00%
26.00%
24.00%
22.00%
20.00%
18.00%
16.00%
14.00%
12.00%
10.00%
RoE (%) 27%
20%
24%
24%
17%
16%
FY20*
FY21*
FY22
FY23
FY24** FY25**
Note : Return on Equity = Profit After Tax / Total Equity; * indicates that numbers are based on Restated Financials; **FY24 & FY25 financials includes exceptional expenses of INR 320 million and INR 186 million respectively .
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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)
.
Q4FY25
Q4FY24
2,839
99
2,938
3,163
43
3,207
1,567
1,625
(56)
169
11
116
637
(31)
165
5
123
685
2,444
2,573
493
186
(53)
546
634
320
77
236
Y-o-Y %
(8%)
(22%)
131%
Q3FY25
2,599
39
2,637
1,248
55
169
2
97
614
2,185
452
186
64
202
Q-o-Q %
11%
9%
170%
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Statement of Profit and Loss
Particulars (₹ mn)
Income
Revenue from operations
Other income
Total income (I)
Expenses
FY25
FY24
FY23
FY22
FY21
FY20
FY19
11,548
285
11,833
12,218
151
11,790
193
10,102
114
12,368
11,983
10,217
Cost of raw materials and components consumed
5,942
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 exceptional items and tax (III) = (I - II)
Exceptional items (IV)
Tax expense
Current tax expenses
Adjustment of tax related to earlier periods
Deferred tax charge / (Credit)
Total tax expense (V)
(96)
689
24
404
2,607
9,570
2,263
186
535
(176)
(22)
337
(42)
644
27
326
2,683
9,951
2,417
320
588
-
(52)
537
Profit for the period (VI) = (III – IV – V)
1,740
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
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Balance Sheet - Snapshot
Particulars (₹ mn)
FY25
FY24
FY23
FY22
FY21
FY20
Assets
Non-current assets
Property, plant, and equip.
4,440
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
b) Trade receivables
c) Cash and cash equivalents
d) Bank balances other than c.
e) Other financial assets
f) Investments
Current tax assets (net)
Other current assets
344
0
4
- 90
36
110
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
2,440
2,405
2,556
2,617
1,711
1,306
0
0
0
0
1
31
1,927
489
191
46
2,610
-
95
2,176
2,285
2,305
1,708
1,277
189
99
43 1,075
15
249
217
127
76
-
-
38
162
104
-
-
46
58
68
-
-
186
152
195
12
152
60
-
-
92
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 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)
FY25
FY24
FY23
FY22
FY21
FY20
272
10,449
10,721
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
3
368
48
141
0
901
74
41
516
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
2,024
1,836
1,939
180
0
815
0
0
1,010
1,110
1,197
66
21
329
6
47
22
7
45
58
23
8
67
0
1,176
434
15
7
75
0
738
261
8
7
3
Total liabilities
2,101
2,227
2,702
4,402
4,402
4,181
Total assets
12,822
11,209
10,133
9,850
7,969
6,862
Total equity and liabilities
12,822
11,209
10,133
9,850
7,969
6,862
.
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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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