{"id":25636,"date":"2022-11-12T16:14:52","date_gmt":"2022-11-12T10:44:52","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=25636"},"modified":"2022-11-12T16:18:29","modified_gmt":"2022-11-12T10:48:29","slug":"alpha-rolex-rings-ltd-equity-research-desk","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636","title":{"rendered":"Alpha | Rolex Rings Ltd. \u2013 Equity Research Desk"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/FI_Alpha-RolexRingsLtd.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"983\" height=\"467\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/Alpha-New-1.png\" alt=\"\" class=\"wp-image-25637\" srcset=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/Alpha-New-1.png 983w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/Alpha-New-1-300x143.png 300w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/Alpha-New-1-768x365.png 768w\" sizes=\"(max-width: 983px) 100vw, 983px\" \/><\/a><\/figure>\n\n\n\n<h3><strong>Rolex Rings Ltd. \u2013 Bearing Component Maker<\/strong><\/h3>\n\n\n\n<p>Rajkot-based (Gujarat), RRL (Rolex Rings Private Limited) was established as a partnership firm by Mr. Rupesh D. Madeka in 1980 and later on reconstituted as a public limited company in 2021 and is presently managed by Mr.Manesh D. Madeka and family. RRL is engaged in manufacturing (forging and machining) bearing rings and auto components like engine parts, transmission parts, exhaust system parts, chassis parts, etc. It caters primarily to the requirement of the automobile sector and has a reputed clientele comprising global and domestic auto-component manufacturers. The company has three manufacturing units that are all in Rajkot with an annual achievable capacity of 144,750 MTPA in forging and 70 mn parts per annum in machining. <\/p>\n\n\n\n<h3><strong>Valuation:<\/strong><\/h3>\n\n\n\n<p>Rolex Rings has posted superior financial performance over the last three years and reduced debt by around 40% led by strong free cash flow generation. It delivered attractive return ratios driven by high margins. Hence, we recommend a BUY rating in the stock with a target price (TP) of Rs.2275, 40x FY24E EPS.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/FI_Alpha-RolexRingsLtd.pdf\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"531\" height=\"66\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_click-here-for-the-research-report-1.png\" alt=\"\" class=\"wp-image-25302\" srcset=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_click-here-for-the-research-report-1.png 531w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_click-here-for-the-research-report-1-300x37.png 300w\" sizes=\"(max-width: 531px) 100vw, 531px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>If you are new to FundsIndia, open your FREE investment account with us and enjoy lifelong research-backed investment guidance.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/www.fundsindia.com\/registration\/signup\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" width=\"406\" height=\"66\" src=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_open-your-free-account-1.png\" alt=\"\" class=\"wp-image-25306\" srcset=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_open-your-free-account-1.png 406w, https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/10\/button_open-your-free-account-1-300x49.png 300w\" sizes=\"(max-width: 406px) 100vw, 406px\" \/><\/a><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Rolex Rings Ltd. \u2013 Bearing Component Maker Rajkot-based (Gujarat), RRL (Rolex Rings Private Limited) was established as a partnership firm by Mr. Rupesh D. Madeka in 1980 and later on reconstituted as a public limited company in 2021 and is presently managed by Mr.Manesh D. Madeka and family. RRL is engaged in manufacturing (forging and [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":25637,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[743,59],"tags":[744,200,746,517,745,844,272],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alpha | Rolex Rings Ltd. \u2013 Equity Research Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alpha | Rolex Rings Ltd. \u2013 Equity Research Desk\" \/>\n<meta property=\"og:description\" content=\"Rolex Rings Ltd. \u2013 Bearing Component Maker Rajkot-based (Gujarat), RRL (Rolex Rings Private Limited) was established as a partnership firm by Mr. Rupesh D. Madeka in 1980 and later on reconstituted as a public limited company in 2021 and is presently managed by Mr.Manesh D. Madeka and family. RRL is engaged in manufacturing (forging and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636\" \/>\n<meta property=\"og:site_name\" content=\"Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fundsindia\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-12T10:44:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-12T10:48:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/Alpha-New-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"983\" \/>\n\t<meta property=\"og:image:height\" content=\"467\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Equities Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\",\"name\":\"Wealth India Financial Services\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/fundsindia\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"width\":189,\"height\":200,\"caption\":\"Wealth India Financial Services\"},\"image\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"name\":\"Insights\",\"description\":\"Official blog of FundsIndia.com\",\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/Alpha-New-1.png\",\"contentUrl\":\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/Alpha-New-1.png\",\"width\":983,\"height\":467},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#webpage\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636\",\"name\":\"Alpha | Rolex Rings Ltd. \\u2013 Equity Research Desk\",\"isPartOf\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#primaryimage\"},\"datePublished\":\"2022-11-12T10:44:52+00:00\",\"dateModified\":\"2022-11-12T10:48:29+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fundsindia.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Alpha | Rolex Rings Ltd. \\u2013 Equity Research Desk\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#webpage\"},\"author\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/78222a5d6aef66b1f386dfa767382656\"},\"headline\":\"Alpha | Rolex Rings Ltd. \\u2013 Equity Research Desk\",\"datePublished\":\"2022-11-12T10:44:52+00:00\",\"dateModified\":\"2022-11-12T10:48:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#webpage\"},\"wordCount\":198,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/Alpha-New-1.png\",\"keywords\":[\"Alpha\",\"equities\",\"Equity Research\",\"FundsIndia\",\"FundsIndia Equity Research\",\"Rolex Rings Ltd\",\"stocks\"],\"articleSection\":[\"Alpha\",\"Equity Research\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#respond\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/78222a5d6aef66b1f386dfa767382656\",\"name\":\"Equities Desk\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2620d09063050fc426411ab6ea46fc72?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2620d09063050fc426411ab6ea46fc72?s=96&d=mm&r=g\",\"caption\":\"Equities Desk\"},\"sameAs\":[\"http:\/\/www.fundsindia.com\"],\"url\":\"https:\/\/fundsindia.com\/blog\/author\/equities-desk\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Alpha | Rolex Rings Ltd. \u2013 Equity Research Desk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636","og_locale":"en_US","og_type":"article","og_title":"Alpha | Rolex Rings Ltd. \u2013 Equity Research Desk","og_description":"Rolex Rings Ltd. \u2013 Bearing Component Maker Rajkot-based (Gujarat), RRL (Rolex Rings Private Limited) was established as a partnership firm by Mr. Rupesh D. Madeka in 1980 and later on reconstituted as a public limited company in 2021 and is presently managed by Mr.Manesh D. Madeka and family. RRL is engaged in manufacturing (forging and [&hellip;]","og_url":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636","og_site_name":"Insights","article_publisher":"https:\/\/www.facebook.com\/fundsindia","article_published_time":"2022-11-12T10:44:52+00:00","article_modified_time":"2022-11-12T10:48:29+00:00","og_image":[{"width":983,"height":467,"url":"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/Alpha-New-1.png","type":"image\/png"}],"twitter_misc":{"Written by":"Equities Desk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"https:\/\/www.fundsindia.com\/blog\/#organization","name":"Wealth India Financial Services","url":"https:\/\/www.fundsindia.com\/blog\/","sameAs":["https:\/\/www.facebook.com\/fundsindia"],"logo":{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/#logo","inLanguage":"en-US","url":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg","contentUrl":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg","width":189,"height":200,"caption":"Wealth India Financial Services"},"image":{"@id":"https:\/\/www.fundsindia.com\/blog\/#logo"}},{"@type":"WebSite","@id":"https:\/\/www.fundsindia.com\/blog\/#website","url":"https:\/\/www.fundsindia.com\/blog\/","name":"Insights","description":"Official blog of FundsIndia.com","publisher":{"@id":"https:\/\/www.fundsindia.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#primaryimage","inLanguage":"en-US","url":"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/Alpha-New-1.png","contentUrl":"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/Alpha-New-1.png","width":983,"height":467},{"@type":"WebPage","@id":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#webpage","url":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636","name":"Alpha | Rolex Rings Ltd. \u2013 Equity Research Desk","isPartOf":{"@id":"https:\/\/www.fundsindia.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#primaryimage"},"datePublished":"2022-11-12T10:44:52+00:00","dateModified":"2022-11-12T10:48:29+00:00","breadcrumb":{"@id":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.fundsindia.com\/blog"},{"@type":"ListItem","position":2,"name":"Alpha | Rolex Rings Ltd. \u2013 Equity Research Desk"}]},{"@type":"Article","@id":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#article","isPartOf":{"@id":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#webpage"},"author":{"@id":"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/78222a5d6aef66b1f386dfa767382656"},"headline":"Alpha | Rolex Rings Ltd. \u2013 Equity Research Desk","datePublished":"2022-11-12T10:44:52+00:00","dateModified":"2022-11-12T10:48:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#webpage"},"wordCount":198,"commentCount":0,"publisher":{"@id":"https:\/\/www.fundsindia.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#primaryimage"},"thumbnailUrl":"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/Alpha-New-1.png","keywords":["Alpha","equities","Equity Research","FundsIndia","FundsIndia Equity Research","Rolex Rings Ltd","stocks"],"articleSection":["Alpha","Equity Research"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.fundsindia.com\/blog\/equities\/alpha-rolex-rings-ltd-equity-research-desk\/25636#respond"]}]},{"@type":"Person","@id":"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/78222a5d6aef66b1f386dfa767382656","name":"Equities Desk","image":{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/2620d09063050fc426411ab6ea46fc72?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2620d09063050fc426411ab6ea46fc72?s=96&d=mm&r=g","caption":"Equities Desk"},"sameAs":["http:\/\/www.fundsindia.com"],"url":"https:\/\/fundsindia.com\/blog\/author\/equities-desk"}]}},"jetpack_featured_media_url":"https:\/\/fundsindia.com\/blog\/wp-content\/uploads\/2022\/11\/Alpha-New-1.png","_links":{"self":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/25636"}],"collection":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/comments?post=25636"}],"version-history":[{"count":2,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/25636\/revisions"}],"predecessor-version":[{"id":25640,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/25636\/revisions\/25640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/media\/25637"}],"wp:attachment":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/media?parent=25636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/categories?post=25636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/tags?post=25636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}