• Ring plus Aqua Limited Financial Results 2020

    9 July

Leading auto-component manufacturer with a history of 30+ years and a strong global presence. Part of a diversified conglomerate; was acquired by the Raymond Group in the year 2005. Strong focus on using technology in manufacturing. Cutting edge technology in Hobbing for improving productivity and speed of process in ring gears. Automatic assembly line and 100% online noise testing facility for bearings. High-speed laser welding facility for flexplates.

High quality portfolio of components such as Flywheel Ring Gears, Bearings, Flexplate, Sensor Rings, etc. Diversified presence across automotive and non-automotive industries catering to leading OEMs, presence in the aftermarket segment as well.

Ring plus Aqua Limited Financial Results 2020

The total income of the company has been decreased by 19.6% from INR 262.0 Cr. in 2019 to INR 210.7 Cr. in 2020. Also, the company's PAT has been decreased at the rate of 50.3% from INR 36.2 Cr. in 2019 to INR 18.0 Cr. in 2020. Cash from operations has been increased at the growth rate of 8.9% from INR 36.6 Cr. in 2019 to INR 39.9 Cr. in 2020. EPS has also been decreased at the rate of 50.3% from INR 46.6 in 2019 to INR 23.2 in 2020.