ROLEX RINGS LIMITED

Makes forged and machined bearing rings and auto components for domestic and overseas vehicle and industrial customers, split across a forging operation and a machining operation. In FY26, gross revenue was allocated across four lines: Domestic bearing INR 386 cr, Domestic auto INR 170 cr, Export bearing INR 154 cr, and Export auto INR 350 cr, against consolidated revenue from operations of INR 1,144 cr. US exports declined roughly 30% year-on-year under tariff disruption, while Europe revenue grew around 25% and domestic revenue rose about 50%, leaving total revenue broadly flat YoY. Raw materials, mainly steel, are the largest cost at 47.4% of revenue, followed by other operating expenses at 25.1% and employee costs at 6.3%. FY26 gross margin stood at 51.5% (versus 49.4% in FY25) and operating EBITDA margin held above 20%. The Right of Recompense obligation of INR 101 cr was fully settled on March 31, 2026, leaving the company debt-free with cash of INR 367 cr and FY27 capex guided at roughly INR 50 cr.