Rolex Rings Limited has informed the Exchange about Transcript
ROLEXRINGS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rolex Rings Limited reported FY26 revenue of INR1,144 crores, broadly flat YoY, as U.S. export headwinds from tariff escalation (peaked at 53%, now normalized to 25%) caused ~30% revenue decline in that market. The company compensated through strong Europe growth (+25% YoY) and domestic growth (+50% YoY). Gross margin expanded from 49.4% to 51.5% due to favorable product mix shift towards machined auto components. EBITDA margins held above 20%. The company completed full settlement of Right of Recompense obligation (INR101 crores) and fully exited CDR, becoming completely debt-free with INR367 crores cash. A share buyback of INR180 crores at INR180/share was announced with promoters not participating. Management guided FY27 growth of 15-17% and FY28 growth of high-teen or higher, expecting full recovery of lost U.S. business from Q1FY27.
Positive for shareholders - company is debt-free, generating strong free cash flow, expanding margins, and guiding solid double-digit growth. The INR180 crore buyback will directly benefit public shareholders while U.S. tariff normalization should drive recovery in the export business.