Whalesbook
Aakhir nuksaan hua kyun? (The lowdown)
Asal mein, company ko iss quarter mein ₹1.49 million ka net loss hua hai, jo pichhle saal isi quarter mein ₹546.39 million ke profit se kaafi alag hai. Is loss ka sabse bada reason tha ₹60 million ka legal cost aur ₹220 million ka badha hua US customs duty. Is wajah se company ka EBITDA margin bhi gir kar 18.4% par aa gaya.
Global Market ka Pressure
Industry ke liye global situation bhi kuch khas nahi hai. US mein sales kam hone ki ummeed hai, aur Europe mein bhi inflation aur geopolitical issues ke chalte car market slow hai. Rolex Rings ki export revenue mein bhi qir girawat aayi hai, especially bearing rings aur automotive components mein. US tariffs aur kam hui demand iske peeche ke reasons hain.
Poore Saal ka Picture
Poore fiscal year 2026 ki baat karein toh revenue ₹11.94 billion rahi, jo FY25 ke ₹11.83 billion se thoda hi zyada hai. Lekin net income ₹1.41 billion se gir kar ₹1.74 billion ho gaya, aur EPS bhi ₹5.18 par aa gaya, jo pehle ₹6.39 tha.
Analyst kya bol rahe hain?
IDBI Capital ne toh BUY rating aur ₹175 ka target price maintain kiya hai, lekin baaki analysts ki rai mili-juli hai. Kuch reports 'Sell' rating ki taraf ishara kar rahi hain. Waise, Rolex Rings ka P/E ratio alag companies jaise Schaeffler India (~51-52) aur Timken India (~60-62) ke muqable kam hai, jo shayad market ki concerns ko dikhata hai.
Aage kya?
Achhi baat yeh hai ki company debt-free ho gayi hai aur ₹180 crore ka share buyback program bhi announce kiya hai. IDBI Capital ko abhi bhi FY28 earnings ke basis par ₹175 ka target lag raha hai, matlab current price se 22% tak ka upside mil sakta hai. Analysts ka average target ₹237.06 ke aas paas hai.