RING PLUS AQUA LIMITED is engaged in the business of manufacturing automotive components including Water Pump Gears, Starter Gears, Sheet Metal Pulleys, Flexplates, and Machined Components. The company caters to domestic and international Original Equipment Manufacturers along with after-market customers in a diverse range of industries such as automotive, non-automotive, industrial and power generators, agricultural, off-highway vehicles, earth-moving equipment, and marine applications.
The company’s core strength lies in its strong relationship with global Original Equipment Manufacturers and suppliers. The company has a multi-industry presence with a focus on passenger and commercial vehicle segments, industrial and power generators, and earth-moving equipment.
The manufacturing facilities of Ring Plus Aqua Limited for Ring Gears, Integral Shaft bearings, Flexplates, Sheet Metal Pulley, and machine components are located in the industrial belt of Nashik, Maharashtra. A new manufacturing facility was commissioned in Sinnar, Maharashtra, in May 2019, further adding around 2 million pieces of capacity for ring gears, making this company the second-largest player (by size) in India. Ring Plus Aqua Limited exports its products to the USA, Europe, South America, China, Japan, Australia, and Southeast Asia. Exports contribute around 65% to the Total Revenue of the company. The company also serves the JIT (Just In Time) requirements of its customers through its warehouse in the United States. Ring Plus Aqua Limited serves some of the prominent brands of India. Some of them are Fiat, BMW, Honda, Eicher, Escorts, Ford, Cummins, Tata, and many more.
CIN of Ring Plus Aqua |
U99999MH1986PLC040885 |
Registration Date of Ring Plus Aqua |
11 September 1986 |
Category/Sub-category of Ring Plus Aqua |
Public Limited Company |
Ring Plus Aqua Registered office address and contact details |
D-3/4, Sinnar Taluka Audyogik Vasahat Maryadit Village Musalgoan, Taluka Sinnar, Dist. Nasik – 422112, Maharashtra Contact No. 02551 – 240087 |
Ring Plus Aqua Registrar and Transfer Agent address |
Link Intime India Private Limited C-101, 247 Park, L B S Marg, Vikhroli West, Mumbai 400083 |
|
Name and Description of main products/services |
NIC Code of the product/service |
% to the total turnover of the Company |
|
Ring Gears |
28140 |
75.00% |
|
Flexplates |
28140 |
10.00% |
|
Shaft Bearings |
28140 |
15.00% |
Shri Ravikant Uppal (Chairman)
Shri Gautam Hari Singhania
Shri Bhuwan Kumar Chaturvedi
Shri Vipin Agarwal
Shri V. Balasubramanian
Shri Parthiv Kilachand
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1 |
Scissors Engineering Products Limited (Promoter) |
69,08,602 |
89.07% |
|
2 |
Public Shareholding |
8,48,069 |
10.93% |
|
|
Total |
77,56,671 |
100.00% |
India is the 4th largest auto market in the world. India is expected to replace Japan as the third-largest auto market by 2021. In India, the two-wheeler segment dominates the automobile market in terms of volume. Apart from this, India is the largest Tractor manufacturer, 2nd largest bus manufacturer, and 3rd largest heavy trucks manufacturer in the world. India is also a big exporter of automobiles and automotive products and has very strong growth expectations in the future.
In FY 2020, India manufactured 2.63 Crore vehicles and sold 2.15 Crore vehicles. Automobile production at the domestic level increased at a CAGR of 2.36% from FY 2016 to FY 2020 and sales increased at a CAGR of 1.29% for the same period. The Electrical Vehicle market of India is projected to grow at a CAGR of 44% between 2020-2027 and is expected to touch annual sales of 63.4 lakh units by 2027. Indian automotive industry (including component manufacturing) is expected to reach Rs. 16-18trillion by 2026.
FY 2021 was one of the toughest years in the history of the Indian automotive industry due to the outbreak of the COVID 19 pandemic. The Automobile industry was already facing headwinds due to the slowing economy was stopped completely due to nationwide lockdown in 2020. The Indian automotive industry in FY 2021 registered a decline of 13.6%. However, the last 2 quarters have been relatively better than the first 2 quarters of FY 2021. The 4th Quarter of FY 2021 registered an increase of 25.89% in total sales of automobiles when compared to the 3rd quarter of FY 2021. The Passenger Vehicle segment saw a total decline of 2.24% in FY 2021. However, the Passenger Vehicle segment performance in the 4th quarter improved strongly with a year-on-year increase of 42.4%.
For the Auto component, the scenario is the same as the automobiles. Sales of the automotive components sharply fell in the first 2 quarters of FY 2021. Later in the 3rd and 4th quarter of FY 2021, the market started picking up the sales.
The Indian automotive industry is expected to book growth in FY 2022. However, it is projected that the passenger vehicle segment will reach the levels of FY 2019 only in FY 2023-24. ICRA, a rating agency, expects domestic auto component industry revenue to grow by 16-18% in FY 2020. The outlook for the auto component industry has changed from Negative to Stable backed by an increase in demand across Original Equipment manufacturers, replacements, and exports.
