Rolex Rings - Margins Likely To Stabilise Around Current Level: HDFC Securities Initiates Coverage

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Retail Research.Rolex Rings Ltd. has witnessed strong growth in FY22 and the management has guided that the momentum is expected to continue as they are witnessing strong demand pull across domestic as well as export markets. They have guided for Rs 1250 crore revenue for this year and are confident of achieving similar kind of margin run rate. To reduce the power cost, the company has invested in renewable energies projects. It has already built windmills and now invested in solar plant which will be fully operational by end of FY23. Rolex Rings is also looking to improve the capacity utilisation levels. To grab the rising opportunity from the electric vehicle space, the management has increased focus in this area and has guided that the share of EV in the total sales could rise up to 14-15% in next two years from current 7%. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Rolex Rings - Margins Likely To Stabilise Around Current Level: HDFC Securities Initiates Coverage

Rolex Rings - Margins Likely To Stabilise Around Current Level: HDFC Securities Initiates Coverage

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