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Rolcon Engineering

BSE:505807
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
505807
BSE
₹89M
Market Cap
  1. Home
  2. IN
  3. Capital Goods
Company description

Rolcon Engineering Company Limited manufactures and sells industrial chains and sprocket wheels primarily in India. The last earnings update was 15 days ago. More info.


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505807 Share Price and Events
7 Day Returns
0%
BSE:505807
0.6%
IN Machinery
-0.1%
IN Market
1 Year Returns
-
BSE:505807
-0.7%
IN Machinery
9.5%
IN Market
505807 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rolcon Engineering (505807) 0% 0% - - - -
IN Machinery 0.6% -0.8% 5.8% -0.7% -0.6% 12.7%
IN Market -0.1% 0% 3.2% 9.5% 16.7% 22.9%
1 Year Return vs Industry and Market
  • No trading data on 505807.
  • No trading data on 505807.
Price Volatility
505807
Industry
5yr Volatility vs Market

505807 Value

 Is Rolcon Engineering undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Rolcon Engineering to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Rolcon Engineering.

BSE:505807 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.8%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:505807
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.087 (1 + (1- 35%) (1.52%))
1.065
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (1.065 * 7.85%)
14.84%

Discounted Cash Flow Calculation for BSE:505807 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rolcon Engineering is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BSE:505807 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 14.84%)
2020 9.17 Est @ 9.75% 7.99
2021 9.97 Est @ 8.77% 7.56
2022 10.78 Est @ 8.08% 7.12
2023 11.60 Est @ 7.6% 6.67
2024 12.44 Est @ 7.26% 6.23
2025 13.32 Est @ 7.03% 5.81
2026 14.23 Est @ 6.86% 5.40
2027 15.19 Est @ 6.75% 5.02
2028 16.21 Est @ 6.67% 4.66
2029 17.28 Est @ 6.61% 4.33
Present value of next 10 years cash flows ₹60.00
BSE:505807 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹17.28 × (1 + 6.48%) ÷ (14.84% – 6.48%)
₹220.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹220.00 ÷ (1 + 14.84%)10
₹55.14
BSE:505807 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹60.00 + ₹55.14
₹115.14
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹115.14 / 0.76
₹152.3
BSE:505807 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹152.30
Current discount Discount to share price of ₹118.20
= -1 x (₹118.20 - ₹152.30) / ₹152.30
22.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Rolcon Engineering is available for.
Intrinsic value
22%
Share price is ₹118.2 vs Future cash flow value of ₹152.3
Current Discount Checks
For Rolcon Engineering to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Rolcon Engineering's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Rolcon Engineering's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Rolcon Engineering's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rolcon Engineering's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:505807 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in INR ₹17.44
BSE:505807 Share Price ** BSE (2019-11-25) in INR ₹118.2
India Machinery Industry PE Ratio Median Figure of 142 Publicly-Listed Machinery Companies 14.92x
India Market PE Ratio Median Figure of 2,610 Publicly-Listed Companies 13.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Rolcon Engineering.

BSE:505807 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:505807 Share Price ÷ EPS (both in INR)

= 118.2 ÷ 17.44

6.78x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rolcon Engineering is good value based on earnings compared to the IN Machinery industry average.
  • Rolcon Engineering is good value based on earnings compared to the India market.
Price based on expected Growth
Does Rolcon Engineering's expected growth come at a high price?
Raw Data
BSE:505807 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Machinery Industry PEG Ratio Median Figure of 12 Publicly-Listed Machinery Companies 1.56x
India Market PEG Ratio Median Figure of 407 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Rolcon Engineering, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Rolcon Engineering's assets?
Raw Data
BSE:505807 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in INR ₹148.51
BSE:505807 Share Price * BSE (2019-11-25) in INR ₹118.2
India Machinery Industry PB Ratio Median Figure of 170 Publicly-Listed Machinery Companies 1.23x
India Market PB Ratio Median Figure of 3,605 Publicly-Listed Companies 0.85x
BSE:505807 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:505807 Share Price ÷ Book Value per Share (both in INR)

= 118.2 ÷ 148.51

0.8x

* Primary Listing of Rolcon Engineering.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rolcon Engineering is good value based on assets compared to the IN Machinery industry average.
X
Value checks
We assess Rolcon Engineering's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Rolcon Engineering has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

505807 Future Performance

 How is Rolcon Engineering expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Rolcon Engineering has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.6%
Expected Machinery industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Rolcon Engineering expected to grow at an attractive rate?
  • Unable to compare Rolcon Engineering's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Rolcon Engineering's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Rolcon Engineering's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:505807 Future Growth Rates Data Sources
Data Point Source Value (per year)
India Machinery Industry Earnings Growth Rate Market Cap Weighted Average 16.6%
India Machinery Industry Revenue Growth Rate Market Cap Weighted Average 11.1%
India Market Earnings Growth Rate Market Cap Weighted Average 20.5%
India Market Revenue Growth Rate Market Cap Weighted Average 9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:505807 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:505807 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-12-31 392 13
2019-09-30 397 16 16
2019-06-30 397 17
2019-03-31 395 18 14
2018-12-31 377 10
2018-09-30 370 7
2018-06-30 351 4
2018-03-31 331 14 2
2017-12-31 303 2
2017-09-30 276 -13
2017-06-30 273 -14
2017-03-31 267 -13 -17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Rolcon Engineering is high growth as no earnings estimate data is available.
  • Unable to determine if Rolcon Engineering is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:505807 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Rolcon Engineering Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:505807 Past Financials Data
Date (Data in INR Millions) EPS *
2019-12-31 17.44
2019-09-30 21.29
2019-06-30 22.67
2019-03-31 18.94
2018-12-31 13.63
2018-09-30 8.74
2018-06-30 5.48
2018-03-31 2.61
2017-12-31 2.78
2017-09-30 -17.09
2017-06-30 -18.80
2017-03-31 -22.53

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Rolcon Engineering will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Rolcon Engineering is trading at Rolcon Engineering'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Rolcon Engineering's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Rolcon Engineering's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Rolcon Engineering's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Rolcon Engineering has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

505807 Past Performance

  How has Rolcon Engineering performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Rolcon Engineering's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Rolcon Engineering has delivered over 20% year on year earnings growth in the past 5 years.
  • Rolcon Engineering's 1-year earnings growth is less than its 5-year average (28.7% vs 36.3%)
  • Rolcon Engineering's earnings growth has exceeded the IN Machinery industry average in the past year (28.7% vs -6.2%).
Earnings and Revenue History
Rolcon Engineering's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Rolcon Engineering Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:505807 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 392.46 13.18 75.30
2019-09-30 397.38 16.10 69.73
2019-06-30 396.93 17.14 82.21
2019-03-31 394.58 14.31 66.19
2018-12-31 376.92 10.24 60.45
2018-09-30 370.25 6.61 62.82
2018-06-30 351.35 4.14 64.81
2018-03-31 331.26 1.97 65.28
2017-12-31 302.59 2.11 64.82
2017-09-30 275.74 -12.93 61.84
2017-06-30 273.35 -14.24 56.48
2017-03-31 267.05 -17.04 57.63
2016-12-31 245.95 -25.95 56.02
2016-09-30 247.60 -18.55 56.71
2016-06-30 254.54 -17.97 54.44
2016-03-31 265.80 -14.16 56.32
2015-12-31 294.00 -5.42 88.80
2015-09-30 316.15 3.58 91.31
2015-06-30 331.29 4.28 91.13
2015-03-31 342.47 4.92 60.60
2014-12-31 331.63 5.17 84.21
2014-09-30 324.08 4.01 81.43
2014-06-30 332.75 5.64 81.24
2014-03-31 324.74 5.31 82.72
2013-12-31 344.58 5.36 92.18
2013-09-30 360.12 8.96 91.71
2013-06-30 357.92 8.54 91.66
2013-03-31 382.36 11.07 88.86

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Rolcon Engineering has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Rolcon Engineering used its assets less efficiently than the IN Machinery industry average last year based on Return on Assets.
  • Rolcon Engineering has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Rolcon Engineering's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Rolcon Engineering has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

505807 Health

 How is Rolcon Engineering's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Rolcon Engineering's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rolcon Engineering is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rolcon Engineering's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Rolcon Engineering's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 121.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Rolcon Engineering Company Filings, last reported 1 month ago.

BSE:505807 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 112.20 1.36 58.05
2019-09-30 112.20 1.36 58.05
2019-06-30 105.40 2.28 53.31
2019-03-31 105.40 2.28 53.31
2018-12-31 97.47 2.67 52.91
2018-09-30 97.47 2.67 52.91
2018-06-30 92.00 4.96 45.73
2018-03-31 92.00 5.13 42.76
2017-12-31 102.13 2.57 44.68
2017-09-30 102.13 2.57 44.68
2017-06-30 101.76 4.92 36.71
2017-03-31 101.76 4.99 36.71
2016-12-31 115.06 0.81 41.39
2016-09-30 115.06 0.81 41.39
2016-06-30 118.79 1.70 48.07
2016-03-31 118.79 1.77 48.07
2015-12-31 133.61 1.46 46.86
2015-09-30 133.61 1.46 46.86
2015-06-30 132.95 1.70 46.19
2015-03-31 132.95 1.70 46.19
2014-12-31 131.39 7.39 42.96
2014-09-30 131.39 7.39 42.96
2014-06-30 131.77 6.15 44.84
2014-03-31 131.77 6.15 44.84
2013-12-31
2013-09-30
2013-06-30 127.79 5.13 57.87
2013-03-31 127.79 5.13 57.87
  • Rolcon Engineering's level of debt (1.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (5.6% vs 1.2% today).
  • Debt is well covered by operating cash flow (1204.6%, greater than 20% of total debt).
  • Rolcon Engineering earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Rolcon Engineering's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Rolcon Engineering has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

505807 Dividends

 What is Rolcon Engineering's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.27%
Current annual income from Rolcon Engineering dividends.
If you bought ₹2,000 of Rolcon Engineering shares you are expected to receive ₹25 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Rolcon Engineering's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.59%).
  • Rolcon Engineering's dividend is below the markets top 25% of dividend payers in India (2.58%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:505807 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Machinery Industry Average Dividend Yield Market Cap Weighted Average of 99 Stocks 1.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1402 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:505807 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-11-25 1.500 1.269
2016-05-26 0.000 0.000
2015-07-28 1.500 1.332
2015-03-27 1.500 1.371

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rolcon Engineering has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Rolcon Engineering has only been paying a dividend for 5 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Rolcon Engineering's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (11.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Rolcon Engineering's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Rolcon Engineering afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rolcon Engineering has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

505807 Management

 What is the CEO of Rolcon Engineering's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ashish Amin
COMPENSATION ₹1,650,000
AGE 46
TENURE AS CEO 12.5 years
CEO Bio

Mr. Ashish Suresh Amin has been the Managing Director at Rolcon Engineering Company Limited since August 2, 2007. Mr. Amin has also a practical work experience of one year at F.C.A. Manufacturing as a Technical Consultant in U.S.A. During the span of last 10 years, he has expertise in the areas of Production, Planning, Marketing and General Administration. He has been a Director of Rolcon Engineering Company Limited since August 2, 1997. Mr. Amin holds a degree of B.S. (Manufacturing, Operation, Production, Planning Engineering) from Bradly University of U.S.A.

CEO Compensation
  • Ashish's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ashish's remuneration is lower than average for companies of similar size in India.
Management Team

Suresh Amin

TITLE
Chairman
COMPENSATION
₹1M
AGE
83

Ashish Amin

TITLE
MD & Director
COMPENSATION
₹2M
AGE
46
TENURE
12.5 yrs

Navin Patel

TITLE
Chief Financial Officer

Dharmesh Chauhan

TITLE
Compliance Officer & Company Secretary
TENURE
2.6 yrs
Board of Directors Tenure

Average tenure and age of the Rolcon Engineering board of directors in years:

5.1
Average Tenure
73
Average Age
  • The tenure for the Rolcon Engineering board of directors is about average.
Board of Directors

Ashish Amin

TITLE
MD & Director
COMPENSATION
₹2M
AGE
46
TENURE
22.5 yrs

Kiran Patel

TITLE
Independent Director
COMPENSATION
₹50K
AGE
68
TENURE
3.4 yrs

Suresh Amin

TITLE
Chairman
COMPENSATION
₹1M
AGE
83

Ashokbhai Parikh

TITLE
Independent Director
COMPENSATION
₹30K
AGE
85
TENURE
3.3 yrs

Kailashchandra Seksaria

TITLE
Independent Director
COMPENSATION
₹30K
AGE
80
TENURE
21.1 yrs

Mahesh Joshi

TITLE
Independent Director
COMPENSATION
₹50K
AGE
78
TENURE
5.4 yrs

Wolfgang Fuchs

TITLE
Independent Director
AGE
61
TENURE
5.1 yrs

Arpitaben Amin

TITLE
Woman Non-Executive Director
AGE
45
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Rolcon Engineering's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Rolcon Engineering has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

505807 News

Simply Wall St News

505807 Company Info

Description

Rolcon Engineering Company Limited manufactures and sells industrial chains and sprocket wheels primarily in India. The company offers precision industrial transmission chains; and conveyor, elevator, and special purpose chains, and related sprockets. Its products are used in steel, fertilizer, cement, sugar, chemical, and mining, paper plants, ONGC, and other industries. The company markets its products under the ROL-KOBO registered brand through distributors and sales outlets. Rolcon Engineering Company Limited also exports its products. The company was incorporated in 1961 and is based in Vallabh Vidyanagar, India.

Details
Name: Rolcon Engineering Company Limited
505807
Exchange: BSE
Founded: 1961
₹89,359,200
756,000
Website: http://www.rolconengineering.com
Address: Rolcon Engineering Company Limited
P.B. No. 20, Anand – Sojitra Road,
Vallabh Vidyanagar,
Gujarat, 388120,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 505807 Equity Shares Mumbai Stock Exchange IN INR 21. Jul 2006
Number of employees
Current staff
Staff numbers
0
Rolcon Engineering employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/22 12:33
End of day share price update: 2019/11/25 00:00
Last earnings filing: 2020/02/07
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.