Rolex Rings Limited (ROLEXRINGS)

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Rolex Rings Limited (ROLEXRINGS) · mywealthgrid

About

Rolex Rings Limited manufactures auto components and equipment, operating at mid-cap scale with ₹4,800 Cr market cap and quarterly revenues around ₹290 Cr. The company maintains zero debt and operating margins of 18–23%, but recent quarters show profitability volatility.

Face value: ₹1

Market cap

₹5,347 Cr

P/E

35.2×

P/B

4.4×

Dividend yield

ROE

12.3%

ROCE

20.4%

Debt / equity

OPM

20.1%

EPS (TTM)

₹5.6

Book value

₹44.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Mar 2026 net loss of ₹0.15 Cr (EPS -0.01) despite 18.39% OPM signals recent operational disruption; verify if temporary or structural issue
Revenue flat across 8 quarters (₹259–₹305 Cr range) with no uptrend; verify company's market position and whether auto-components sector demand is recovering
EPS highly volatile (ranged -0.01 to 2.21 in recent quarters), limiting earnings predictability
PE of 31.57 is elevated for a sector where margins face structural pressure; verify sustainability of recent margin recovery

Generated analysis · source review pending

Growth drivers

Operating margin expanded to 22.58% in Jun 2026 from 18.39% in Mar 2026; if sustained on current revenue base, signals profitability upside
Jun 2026 profitability of ₹60.14 Cr (EPS 2.21) vs Mar 2026 loss suggests operations normalizing; verify Mar disruption was temporary
Buyback executed Jul 2026 will reduce share count and mechanically support EPS accretion even on flat revenue
Verify auto-components sector demand drivers and company's current capacity utilization; revenue stability suggests potential for volume growth if sector recovers

Generated analysis · source review pending

1,269 historical price candles were omitted because the exchange source has not been verified.

₹196.4+3%1Y

Quick read

rule-based

Pros

+High return on capital employed of 23.4%
+Healthy operating margin of 20.1%
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 169×

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

46/100

Business quality: 66
Growth: 27
Valuation: 45

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Samvardhana Motherson International LimitedMOTHERSONMOTHERSON	₹1,65,731 Cr	₹1,81,626 Cr	₹1,31,135 Cr	₹12,541 Cr	9.4%	₹4,380 Cr	3.2%	12.6%	10.2%	-26
Bosch LimitedBOSCHLTDBOSCHLTD	₹1,34,166 Cr	₹1,34,166 Cr	₹21,088 Cr	₹2,832 Cr	13.2%	₹2,363 Cr	13.8%	21%	19.4%	13
Bharat Forge LimitedBHARATFORGBHARATFORG	₹89,644 Cr	₹96,518 Cr	₹17,543 Cr	₹2,963 Cr	17.4%	₹706 Cr	6.5%	17.9%	11.5%	136
Uno Minda LimitedUNOMINDAUNOMINDA	₹64,160 Cr	₹66,698 Cr	₹20,725 Cr	₹2,280 Cr	11.5%	₹1,202 Cr	6.5%	19.3%	19.1%	37
Schaeffler India LimitedSCHAEFFLERSCHAEFFLER	₹60,732 Cr	₹60,787 Cr	₹10,505 Cr	₹1,917 Cr	18.2%	₹1,253 Cr	11.9%	27.3%	20.2%	68
Sona Blw Precision Forgings LimitedSONACOMSSONACOMS	₹50,071 Cr	₹50,314 Cr	₹4,935 Cr	₹1,207 Cr	24.7%	₹686 Cr	14.1%	14.6%	11%	121
Tube Investments Of India LimitedTIINDIATIINDIA	₹45,302 Cr	₹45,695 Cr	₹23,754 Cr	₹2,260 Cr	9.9%	₹607 Cr	4.9%	15.4%	9.6%	41
Endurance Technologies LimitedENDURANCEENDURANCE	₹36,602 Cr	₹37,928 Cr	₹15,592 Cr	₹2,058 Cr	13.5%	₹970 Cr	6.5%	18.5%	15.2%	-6
Exide Industries LimitedEXIDEINDEXIDEIND	₹34,803 Cr	₹35,896 Cr	₹18,829 Cr	₹1,954 Cr	10.4%	₹932 Cr	4.8%	8.9%	6.1%	42
Dhoot Transmission LimitedDHOOTTRANSDHOOTTRANS	₹29,518 Cr	₹30,359 Cr	₹4,525 Cr	₹711 Cr	15.7%	₹397 Cr	8.8%	30.8%	23.1%	69
Craftsman Automation LimitedCRAFTSMANCRAFTSMAN	₹26,897 Cr	₹30,238 Cr	₹8,717 Cr	₹1,357 Cr	15.3%	₹465 Cr	4.8%	16.1%	12.5%	74
Sansera Engineering LimitedSANSERASANSERA	₹26,686 Cr	₹27,144 Cr	₹3,753 Cr	₹696 Cr	18.1%	₹351 Cr	9.3%	14.7%	11.1%	98

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	616	1,017	1,179	1,222	1,155	1,143
COGS	—	464	600	627	585	555
Gross profit	—	553	579	595	570	589
	507	324	318	333	330	359
	109	229	261	262	241	230
OPM %	17.7%	22.5%	22.1%	21.4%	20.8%	20.1%
Depreciation	25	26	27	33	40	37
Interest	12	20	10	3	2	1
	3	11	19	-17	10	-1
Profit before tax	—	194	243	210	208	190
Tax	-12	62	45	54	34	49
Tax %	—	32.2%	18.6%	25.6%	16.2%	25.9%
	87	132	198	156	174	141
PAT margin %	14.1%	13%	16.8%	12.8%	15.1%	12.3%
EPS (₹)	36.3	50.2	72.7	57.3	63.9	5.2
EPS adjusted (₹)	3.6	4.8	7.3	5.7	6.4	5.2
Annual report	—	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	24	27	27	27	27	27
Reserves	333	518	716	871	1,045	1,186
Minority interest	—	—	0	—	0	0
	250	223	81	18	14	0
	185	218	189	205	196	158
Total equity & liabilities	791	985	1,013	1,121	1,282	1,371
	372	380	391	466	444	447
CWIP	1	46	46	4	34	39
Investments	—	—	0	107	261	288
	417	560	577	543	542	597
Total assets	791	985	1,013	1,121	1,282	1,371

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	59	59	213	221	227	190
	-36	-68	-44	-158	-191	-53
	-20	8	-151	-66	-6	-117
Net cash flow	3	-1	18	-3	30	20
Free cash flow	59	-11	171	167	175	154
CFO / Operating profit %	54.4%	25.7%	81.9%	84.5%	94.4%	82.3%

Compounded sales growth

7 years: —
5 years: 13%
3 years: -1%
1 year: -1%

Compounded profit growth

7 years: —
5 years: 10%
3 years: -11%
1 year: -19%

Return on equity

7 years: —
5 years: 19%
3 years: 15%
Last year: 12%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	54.3%	49.1%	48.7%	49.4%	51.5%
EBITDA margin %	17.7%	22.5%	22.1%	21.4%	20.8%	20.1%
EBIT margin %	13.5%	20%	19.8%	18.8%	17.3%	16.9%
PAT margin %	14.1%	13%	16.8%	12.8%	15.1%	12.3%
Working capital
Receivable days	101	83	71	65	61	70
Inventory days	123	206	156	140	152	155
Payable days	2	6	68	59	56	61
NWC days	222	283	159	146	157	164
Leverage
Current ratio	1.07	1.59	2.66	3.87	4.64	8.29
Debt to EBITDA	2.29	0.97	0.31	0.07	0.06	0
Debt to equity	0.7	0.41	0.11	0.02	0.01	0
Interest coverage	7.4	10.5	25.7	90.5	96.1	169
Asset turnover	0.78	1.03	1.16	1.09	0.9	0.83
Return ratios
Return on assets %	11%	13.4%	19.5%	13.9%	13.6%	10.3%
Return on capital employed %	19.6%	39.4%	34.8%	27.6%	22.1%	20.4%
Return on equity %	24.4%	24.2%	26.7%	17.4%	16.2%	11.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	55.25%	55.25%	55.25%	55.25%	53.35%	53.35%	53.35%	53.35%	53.35%	53.37%	52.24%	52.24%
	5.61%	6.28%	7.74%	6.98%	7.97%	8.09%	7.27%	7.15%	6.96%	5.96%	6.01%	5.4%
	32.09%	31.68%	29.91%	30.42%	31.86%	31.62%	32.05%	31.96%	30.94%	30.17%	30.26%	28.75%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	7.05%	6.79%	7.1%	7.35%	6.82%	6.94%	7.33%	7.54%	8.75%	10.5%	11.49%	13.61%
No. of shareholders	—	—	—	—	—	—	—	—	58,379	74,008	75,066	97,151

Promoter holding down 3.01 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
Hemal Paresh MadekaPromoter Group	BuyGift	11,000	₹0	0.00% → 0.04%	1 Oct 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

87 deals · 9 Aug 2021 – 14 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
14 Aug 2026	MIRAE ASSET MUTUAL FUND	Bulk	NSE	Buy	9,30,425	₹178.59	₹16.62 Cr
12 Aug 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	12,11,903	₹173.83	₹21.07 Cr
12 Aug 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	10,03,381	₹174.04	₹17.46 Cr
12 Aug 2026	QE SECURITIES LLP	Bulk	NSE	Sell	9,48,110	₹173.53	₹16.45 Cr
12 Aug 2026	QE SECURITIES LLP	Bulk	NSE	Buy	9,45,586	₹173.78	₹16.43 Cr
11 Aug 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	26,60,721	₹173.47	₹46.16 Cr
11 Aug 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	26,60,721	₹173.53	₹46.17 Cr
11 Aug 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	26,05,597	₹172.66	₹44.99 Cr
11 Aug 2026	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	24,46,658	₹171.49	₹41.96 Cr
11 Aug 2026	QE SECURITIES LLP	Bulk	NSE	Sell	21,69,920	₹172.32	₹37.39 Cr

1–10 of 87

1 / 9

Mr. Manesh Dayashankar MadekaExecutive Director-Chairperson-MD
Mr. Bhautik Dayashankar MadekaExecutive Director
Mr. Mihir Rupeshkumar MadekaExecutive Director
Mr. Pravinchandra Ratilal DholakiaNon-Executive - Independent Director
Mr. Ashit Ravinshankar VankaniNon-Executive - Independent Director
Ms. Jignasa Pravinchandra MehtaNon-Executive - Independent Director
Hiren Dilipbhai DoshiChief Finanacial Officer
Mr. Hardik Dhimantbhai GandhiCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 6 fund houses

Held by these funds

18.18%

of the company's equity

All mutual funds

26.95%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

13 schemes · 6 fund houses

		Shares
Small Cap Fund	Axis Mutual Fund	87.41 L	157.85	0.5%	3.21%	-0
Portfolio of Kotak Small Cap Fund	Kotak Mahindra Mutual Fund	78.59 L	141.92	0.72%	2.886%	-0
Small Cap Fund	DSP Mutual Fund	78.55 L	141.85	0.65%	2.885%	-0
Franklin India Small Cap Fund (Formerly known as Franklin India Smaller Companies Fund) ^	Franklin Templeton Mutual Fund	76.1 L	137.42	0.93%	2.795%	-0
Flexi Cap FundNEW	ICICI Prudential Mutual Fund	69.48 L	125.47	0.48%	2.552%	—
Small Cap FundNEW	ICICI Prudential Mutual Fund	31.99 L	57.77	0.59%	1.175%	—
Transportation and Logistics Fund	ICICI Prudential Mutual Fund	17.98 L	32.47	0.79%	0.66%	-1 L
Portfolio of Kotak Pioneer Fund	Kotak Mahindra Mutual Fund	17.39 L	31.4	0.73%	0.639%	-0

1–8 of 13

1 / 2

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

May 2026Transcript AI Summary PPT REC
Feb 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results5 Aug 2026

1

Face value ₹10 → ₹117 Oct 2025 · ex-date

1

Buy Back of Shares3 Jul 2026 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

21 announcementsExport CSV

2 Sept 2026, 11:11 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

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Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	54.3%	49.1%	48.7%	49.4%	51.5%
EBITDA margin %	17.7%	22.5%	22.1%	21.4%	20.8%	20.1%
EBIT margin %	13.5%	20%	19.8%	18.8%	17.3%	16.9%
PAT margin %	14.1%	13%	16.8%	12.8%	15.1%	12.3%
Working capital
Receivable days	101	83	71	65	61	70
Inventory days	123	206	156	140	152	155
Payable days	2	6	68	59	56	61
NWC days	222	283	159	146	157	164
Leverage
Current ratio	1.07	1.59	2.66	3.87	4.64	8.29
Debt to EBITDA	2.29	0.97	0.31	0.07	0.06	0
Debt to equity	0.7	0.41	0.11	0.02	0.01	0
Interest coverage	7.4	10.5	25.7	90.5	96.1	169
Asset turnover	0.78	1.03	1.16	1.09	0.9	0.83
Return ratios
Return on assets %	11%	13.4%	19.5%	13.9%	13.6%	10.3%
Return on capital employed %	19.6%	39.4%	34.8%	27.6%	22.1%	20.4%
Return on equity %	24.4%	24.2%	26.7%	17.4%	16.2%	11.6%

Date	Category	Subject	Filing
2 Sept 2026, 11:11 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
2 Sept 2026, 10:44 pm	AGM/EGM AGM	Intimation Of 24Th Annual General Meeting	PDF
2 Sept 2026, 6:31 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
20 Aug 2026, 4:59 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
7 Aug 2026, 4:44 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
31 Jul 2026, 5:45 pm	Company Update General	Completion Of Extinguishment 10,000,000 (One Crore) Equity Shares Of The Company Pursuant To The Buyback	PDF
31 Jul 2026, 4:33 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
28 Jul 2026, 11:31 am	Board Meeting	Board Meeting Intimation for Considering And Approving Unaudited Quarterly Results For June 30, 3036	PDF

Rolex Rings Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Board meetings1

Stock splits1

Buybacks1

Announcements

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Board meetings1

Stock splits1

Buybacks1

1

1

1

1

1

1