Ring Plus Aqua Unlisted Share Price I IPO Date

Ring Plus Aqua Limited

₹480.00
PLACE ORDER

ROFR Required
No

Available in Depository:
NSDL
CDSL

Available for Investment:
Primary
Secondary

RATING

RECOMMENDATION

Neutral

Business Type

Traditional Business

Investment Checklist

Management

Accounting Practice

Profitability

Solvency

Growth

Valuation

RATING

RECOMMENDATION

Neutral

Business Type

Traditional Business

Ring Plus Aqua Unlisted Shares Essentials
Share

Discover and get complete analysis on Ring Plus Aqua upcoming IPO unlisted shares - Ring Plus Aqua Management, Business Model, Financials, Growth, Valuations, Funding Rounds, Ring Plus Aqua News and latest updates.

ISIN

INE093H01012

Face Value

₹10.00

Total Share

78,68,618

Total Income

₹323.96 Cr

Profit After Tax

₹38.73 Cr

Promoter Holding

87.80 %

EPS

₹49.93

P/E

9.61

P/B

2.72

Market Capitalisation

₹377.69 Cr

Enterprise Value

₹382.06 Cr

Book Value

₹176.28

Intrinsic Value

₹2,042.52

Dividend Yield

19.38 %

Earnings Yield

10.40 %

Sector

Materials

Sub-sector

Auto Parts

Ring Plus Aqua Growth

About Ring Plus Aqua

Ring Plus Aqua Limited is a leading auto-component manufacturer with history of 30+ years and a strong global presence. Ring Plus Aqua Limited manufactures products for automotive, industrial, agricultural, and marine OEMs in India and internationally. Its product line includes ring gears, water pump/integral shaft bearings, flexplates, sheet metal pulleys, and machined components.
The company offers flywheel starter ring gears for petrol, diesel, and gas engines in passenger cars, trucks, earth moving equipment, power generators, tractors, and marine engines; integral shaft bearings in ball/ball and ball/roller configuration for automotive application; and heavy duty flexplates, which are used in racing cars.
Its portfolio includes a range of sheet metal components, including pulleys and pulley-bracket assemblies; engine, transmission, and air conditioning system components; water pump components; and light and heavy gauge precision stampings.

Incorporated in 1984, the Ring Plus Aqua Ltd., is a pioneer in manufacturing automotive components like starter gears, water pump bearings, flexplates, sheet metal pulleys and machined components. Post that the company, was acquired by the Raymond Limited in the year 2005.
It has a long-celebrated history with the global auto industry, with its operation base in Nashik and corporate office in Mumbai, India.

The company has three integrated manufacturing facilities located in Nashik for gears and bearings division respectively.
It has been doing significant investments to enhance capacity in the flex plates segment over the last few years.
The company has been focusing on using technology in manufacturing. Some of the examples are: 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.

The company has years of logistic experience in supplying to Europe, USA, South America, Japan, China, South East Asia & Australia.

Its components are used in passenger vehicle, commercial and light commercial vehicle tractors.
On October 31, 2021, Scissors Engineering Products Limited (SEPL) has become a wholly owned subsidiary of JK Files & Engineering Limited. Subsequently, SEPL transferred 89.07% of equity share capital of Ring Plus Aqua Limited (RPAL), the then subsidiary of SEPL to JK Files & Engineering Limited. Accordingly, effective November 11, 2021, RPAL has become a direct subsidiary of JK Files & Engineering Limited.

Ring Plus Aqua IPO Details

The company has expressed no intentions of an initial public offering as of now.

On October 31, 2021, SEPL has become a wholly owned subsidiary of JK Files & Engineering Limited. Subsequently, SEPL transferred 89.07% of equity share capital of Ring Plus Aqua Limited (RPAL), the then subsidiary of SEPL to JK Files & Engineering Limited. Accordingly, effective November 11, 2021, RPAL has become a direct subsidiary of JK Files & Engineering Limited.

RPAL will not witness any further restructuring in the near future due to JK Files raising funds through an IPO. This prevents RPAL from raising funds through an IPO, so investors will find it hard to take an exit from the stock. Therefore, we recommend a sell rating on the stock.

Ring Plus Aqua Merger & Acquisition

Acquisition

On January 5, 2012 Ring Plus Aqua Ltd. entered into a definitive share purchase agreement to acquire 78% stake in Trinity India Limited from Trinity India's promoters for approximately Rs 540 mil. The deal was funded through internal accruals.This deal marks Ring Plus Aqua's entry into the forging industry, adding to its current portfolio of auto components. This move significantly strengthens the Ring Plus Aqua's position in the global automotive power train domain. Later on May 9, 2014 Ring plus aqua acquired remaining 7.76% stake in Trinity India.
On September 21, 2016, Neel Metals Products Limited entered into a share purchase agreement to acquire 50% stake in Rose Engineered Products India Private Limited from Ring Plus Aqua Limited for an enterprise value of approximately Rs. 200 mil. Under the terms of the agreement, 10.4 mil shares will be acquired by Neel Metals. Rose Engineered Product India Private Limited is a 50:50 joint venture between the highly diversified Raymond Group's Ring Plus Aqua Ltd. and A.J. Rose Manufacturing Co., a leader in the manufacture of precision formed metal products and assemblies in the US.

Ring Plus Aqua Subsidiaries

JK Files (India) Limited
JK Talabot Limited
Silver Spark Apparel Limited
Dress Master Apparel Private Limited

Ring Plus Aqua Business Model

Ring Plus Aqua commands highest volume share of over 50% in the domestic passenger vehicle (“PV”) industry and over 45% in the domestic commercial vehicle (“CV”) industry in terms of supply to original equipment manufacturers (“OEMs”) for domestic production in Fiscal 2021. It is amongst the key players in the Ring Gears industry globally.

By leveraging long-term presence in tailor-made ring gears and long-standing relationships with OEMs and Tier-1 suppliers to OEMs, the business has been able to develop a strong presence in the manufacturing of Flexplates. RPAL is the sole domestic manufacturer of flexplates in India and catered to over 25% of the flexplates volume demand for PV domestic production in FY21.

Ring Plus Aqua Revenue Segmentation

Flex Plates
Flywheel Starter Ring gears

Water Pump Bearings
Export Incentive

Process Waste Sales
Other

Other Income

Ring Plus Aqua Product & Services

Ring gears
Flex plates
Shaft bearings

Ring Plus Aqua Assets

Assets of the company as on 31st March 2022

Particulars	Amount in Rs. Cr.
Buildings	18.40
Plant & Equipment's	48.86
Furniture & Fixtures	0.25
Office Equipment's	0.04
Computers	0.38
Vehicles	1.33

Ring Plus Aqua Industry Overview

Industry Statistics

The industry can be broadly classified into organised and unorganised sectors. The organised sector caters to original equipment manufacturers (OEMs) and consist of high-value precision instruments while the unorganised sector comprises low-valued products and caters mostly to the aftermarket category. The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories.
The Indian auto-components industry has experienced healthy growth over the last few years. The auto-components industry expanded by a CAGR of 3.28% over FY16 to FY20 to reach US$ 45.90 billion in FY21. The industry is expected to reach US$ 200 billion by FY26.
Auto-components industry account for 2.3% of India’s Gross Domestic Product (GDP) and employs as many as 1.5 million people directly and indirectly. A stable government framework, increased purchasing power, large domestic market, and an ever-increasing development in infrastructure have made India a favourable destination for investment
Due to high development prospects in all segments of the vehicle industry, the auto component sector is expected to rise by double digits in FY22.
Growing working population and expanding middle class are expected to remain key demand drivers. Reduction in excise duties in motor vehicles sector will spur the demand for auto components. By 2025, 4 million of EVs could be sold each year and 10 million by 2030. The market is expected to reach US$ 206 billion.
India is emerging as a global hub for auto component sourcing and the industry exports over 25% of its production annually. Auto component exports are expected to grow at 23.9% annually to reach US$ 80 billion by 2026. India has a competitive advantage in auto components categories such as shafts, bearings and fasteners due to large number of players.

Future Prospects

As per Automobile Component Manufacturers Association (ACMA), automobile component export from India is expected to reach US$ 80 billion by 2026. The Indian auto component industry aims to achieve US$ 200 billion in revenue by 2026.
As prosperity grows, consumption rises—India’s consuming class is expected to expand from 27 millions households in 2014 to 89 millions households by 2025. The automotive industry is also expected to flourish, with the burgeoning consumer class investing in more and better vehicles across segments to serve their rising mobility needs.
Strong international demand and resurgence in the local original equipment and aftermarket segments are predicted to help the Indian auto component industry grow by 20-23% in FY22.
The rapidly globalising world is opening newer opportunities for the transportation industry, especially while it makes a shift towards electric, electronic and hybrid cars, which are deemed more efficient, safe, and reliable mode of transportation. Over the next decade, this will lead to newer verticals and opportunities for auto-component manufacturers, who would need to adapt change via systematic R&D.

Government Initiatives

Government policies like Make in India, Automotive Mission Plan, and National Automotive Testing and R&D Infrastructure Project (NATRIP) have also had a positive impact on the market.
In November 2020, the Union Cabinet approved PLI scheme in automobile and auto components with an approved financial outlay over a five-year period of Rs. 57,042 crore (US$ 8.1 billion). In September 2021, the Indian government issued notification regarding a PLI scheme for automobile and auto components worth Rs. 25,938 crore (US$ 3.49 billion). This scheme is expected to bring investments of >Rs. 42,500 (US$ 5.74 billion) by 2026.
In March 2021, the government announced to offer fresh incentives to companies making electric vehicles (EVs) as part of a broad auto sector scheme. The scheme is expected to attract US$ 14 billion of investment in the next five years.
Government has come out with Automotive Mission Plan (AMP) 2016-26 which will help the automotive industry to grow and will benefit Indian economy in the following ways: - Contribution of auto industry in the country’s GDP will rise to over 12%. Around 65 million incremental number of direct and indirect jobs will be created. End of life policy will be implemented for old vehicles.

Ring Plus Aqua Awards & Achievements

It won the EEPC Export Excellence award in the year 2019.
RPAL won the coveted Export Excellence Bronze Award in a large category from ACMA for its superlative export performance in FY18 (30% + growth).
It won the coveted Export Excellence Award in the large category – western region from EEPC for its superlative export performance in FY17.
Star performer in the category of automobile for your outstanding performance (in the year 2013-14).
RPAL was awarded as EEPC star performer for outstanding export performance in 2012-13.

Ring Plus Aqua Strengths

The company have made efforts towards technology absorption in their gear and bearing divisions.
The company has strong relationships with domestic and international OEMs, such as BMW, Ford, Maruti Suzuki, Hyundai, Honda, Tata Motors, Mahindra & Mahindra, Cummins, VECV, Caterpillar, and Fiat, among others.

The company’s presence in major industry segments such as automotive, industrial application, agricultural application & marine application generates economies of scale for the company.

Ring Plus Aqua Shortcomings

Their product sales are totally reliant on physical sales channels, and they have no internet sales channels through which they can attract or generate a lead for small manufactures/new market players.
In FY22, the company did not adapt to any foreign technology to increase efficiencies and economies of scale, nor did it spend any money on research and development, which is crucial in a modern industry like this.

Ring Plus Aqua Opportunities

Anticipation of a growing consumer class enhanced ease of doing business, expanding infrastructure—such favourable factors could propel the Indian automobile industry forward. Adjacent industries like aerospace, defence and agricultural machinery are evolving into a promising new market for Indian auto component manufacturers.
In addition, the agricultural machinery market is also expected to grow. The current market is restricted by the high percentage of unorganized retail, use of low-value machines for harvesting and high reliability on labour.
The government’s drive to mechanize agricultural land under its mission on Agricultural Mechanization could amplify the demand for sophisticated machinery. This would in turn prompt the demand for components in sub-segments like thrashers, rotavators, precision agriculture solutions and tractor linkage parts etc.

Ring Plus Aqua Threats

Constantly shifting market dynamics due to changing manufacturing locales, customer demands, operating models and priorities is a big challenge for the company.
Technological improvements and discontinuities are already starting to change revenue pools, trigger new competition and invite new forms of cooperation.
Evolving and increasingly stringent regulations could prompt changing expectations from auto component manufacturers, who might need to rethink their component production to comply with regulatory and other guidelines, such as :-
For emissions: enforcement of BS-VI norms by 2020, discussions on methanol, CNG.
For safety: mandatory ABS (Anti-Lock Braking System) on cars, buses and two-wheelers.
The rise of tariff and non-tariff protection (stringent testing, quality-related barriers), the existence or lack of free trade agreements with certain countries, and other political concerns could impact the business performance of these companies.

Ring Plus Aqua Rating

RECOMMENDATION

Neutral

Ring Plus Aqua Detail Info

Industry Statistics

PRIVATE LIMITED

Registered In

India

last Updated

02/07/2022

Registered Date

11/09/1986

Planify Ticker

RPAL

Reg Office: D-3/4, STICE, At post – Musalgaon, Tal-Sinnar, Dist. Nashik – 422112, India

Visit Website

Frequently Ask Questions

Face Value is Rs. 10

The company has expressed no intentions of an initial public offering as of now.

Yes, the company is expected to generate decent profits in future.

The major shareholder of Ring Plus Aqua is Scissors Engineering Products Limited.

V.BALASUBRAMANIAN is the whole time director of the company.

Short Term Gain Capital Tax - Less than 2 year - 30%, Greater than 2 year then 20% tax + Indexation.

Strength - The company’s presence in major industry segments such as automotive, industrial application, agricultural application & marine application generates economies of scale for the company.

The minimum holding period after the company has been listed is 6 months.

Total Profit of the company is Rs. 22.52 Cr.

Please find below the procedure for buying stock_name_auto Unlisted Shares at Planify.

• 1. You confirm booking of stock_name_auto Unlisted Shares with us at a trading price.

• 2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.

• 3. We will provide the bank details.

• 4. You need to transfer funds in that account.

• 5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.

• 6. Payment has to be done from the same account in which shares are to be credited.

• 7. We will transfer the shares in 24 hours if funds are credited before 2 pm.

Important Note: Please note that the lock-in period for selling stock_name_auto Unlisted Shares is 6 months after listing. Hence you can’t sell stock_name_auto Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date.

Please find below the procedure for selling stock_name_auto Unlisted Shares at Planify.

• 1. We will confirm our buying price of stock_name_auto Unlisted Shares.

• 2. We will give you our client master report and you will transfer the stock_name_auto Unlisted Shares to our demat account.

• 3. We will ask for bank details of yours once the stock_name_auto Unlisted Shares are received in our demat account..

• 4. We will transfer the funds in your bank account within 24 hrs of receiving the stock_name_auto Unlisted Shares.

• 5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.

• 6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.

Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of stock_name_auto Unlisted Shares depends upon category of investors.

• 1. Venture Capital Funds or Alternate Investment Fund of Category -I or II, or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of stock_name_auto Unlisted Shares.

• 2. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of stock_name_auto Unlisted Shares.

This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the stock_name_auto Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.

1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.

• a. ISIN number of stock_name_auto Unlisted Shares.

• b. Name of stock_name_auto Unlisted Shares

• c. Quantity of stock_name_auto Unlisted Shares

• d. Cosideration Amount

• e. Target DP ID and Client ID

• f. Annexure

2. Online DIS - Some of the broker these days gives facility of transferring the stock_name_auto Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the stock_name_auto Unlisted Shares by filling the details similar to Ofline-DIS.

In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. Generally via our Planify platform, if somebody wants to buy Unlisted Shares then minimum investment would be 35-50k.To know about the minimum lot size of stock_name_auto, kindly click on this hyperlink - stock_name_auto.

Yes, buying and selling of unlisted shares in India is 100% legal.

If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.

If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.

Taxes will remain the same irrespective of listing of shares, if bought in unlisted market. Actually, to be eligible for taxes as per listed market, one has to pay STT on buying and selling of shares. But, if you buy in unlisted and sell in listed market, one pay STT only on selling so, taxes of listed market will not be applicable.

If you buy stock_name_auto Unlisted Shares from Planify then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.

Check credit of stock_name_auto Unlisted Shares Instantly?

• 1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.

• By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.

• Demat Account = DP ID + Client ID. (16 Characters )

• "DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.

• Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.

• In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.

• Example:

• CDSL = 12345678(DP ID) and 91234567(Client ID).

• NSDL = IN123456 (DP ID) and 78912345(Client ID).

• Check in brokers application?

• Credit of stock_name_auto Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

The stock_name_auto Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.

The price of stock_name_auto Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on Planify.live platform to see the historical graphs and prices of all the shares at one place.

If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.

"Planify is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, Planify has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with Planify."

We at Planify do the valuation based on 2 methods.

• 1. We check the last funding that is being done in the stock_name_auto Unlisted Shares to ascertain the benchmark valuation.

• 2. If there is no funding happened in the company, then we try to find a business similar to stock_name_auto Unlisted Shares in the listed space and do comparison method to ascertain the valuation.

As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.

We source shares either from the employees or initial investors looking to liquidate their stock_name_auto Unlisted Shares.

Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their stock_name_auto Unlisted Shares in the unlisted market itself.

Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.

For tracking news and other information about stock_name_auto Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.

Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of stock_name_auto Ltd unlisted share.

We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of stock_name_auto Ltd unlisted shares with us.

The financials of stock_name_auto Ltd which includes the P/L of stock_name_auto Ltd and the Balance Sheet of stock_name_auto Ltd is in the financials section.

The annual report of stock_name_auto Ltd is available in the annual report section.