Rolex Rings Ltd
NSE:ROLEXRINGS
Rolex Rings Ltd
Rolex Rings Ltd. engages in the manufacture and sale of machined and forged rings and auto components. The company is headquartered in Rajkot, Gujarat. The company went IPO on 2021-08-09. The firm operates through the diversified auto components segment. The Company’s products include transmission components product, including gear blanks, ring gear, sun and pinion, shafts and lock nut; engine components, including pulley, cam lobs and other forged components; chassis components, including wheel hubs, Gen2 and Gen3 bearing components, output shafts and constant velocity joints (CVJ) components; bearing rings, and exhaust system components, including flanges, biocones and tulip. Its product applications include two-wheeler, three-wheeler, four-wheeler, industrial, railways, off-highway, earth-moving, windmill, textile, electrical, defense, power, aerospace, marine, oil and natural gas. The company offers facilities, including raw material, heart treatment, machining, rolling, grinding, surface treatment and forging.
Rolex Rings Ltd. engages in the manufacture and sale of machined and forged rings and auto components. The company is headquartered in Rajkot, Gujarat. The company went IPO on 2021-08-09. The firm operates through the diversified auto components segment. The Company’s products include transmission components product, including gear blanks, ring gear, sun and pinion, shafts and lock nut; engine components, including pulley, cam lobs and other forged components; chassis components, including wheel hubs, Gen2 and Gen3 bearing components, output shafts and constant velocity joints (CVJ) components; bearing rings, and exhaust system components, including flanges, biocones and tulip. Its product applications include two-wheeler, three-wheeler, four-wheeler, industrial, railways, off-highway, earth-moving, windmill, textile, electrical, defense, power, aerospace, marine, oil and natural gas. The company offers facilities, including raw material, heart treatment, machining, rolling, grinding, surface treatment and forging.
Mixed Markets: Strong growth continued in Europe and India, but US sales remained significantly down due to tariffs, with management expecting recovery in FY '27.
Revenue & Margins: Q3 FY '26 revenue reached INR 275 crores, up 6–7% YoY; EBITDA margin improved to 25.7%, up from 24.2% in Q2.
US Tariff Update: US import duties reduced from 53% to 25%, and potentially to 18%, but management awaits final notification and expects full impact from Q1 FY '27.
Order Book & Outlook: Order book for Q1 FY '27 stands at INR 325–330 crores, with management guiding for 15–18% revenue growth in FY '27.
Strong Cash Flow: Company reported healthy free cash flow and remains net debt-free.
Capacity Utilization: Utilization at 62–63% in the first nine months, expected to rise to 72–75% in FY '27 as demand recovers.
Segment Mix: Auto components outpaced bearings; domestic bearing rings saw robust growth while export bearing rings lagged.
