Rolex Rings Ltd

Meeting Details

• Date and time: Thursday, 27 August 2026, 10:00 AM onwards.
• Nature: group meeting; mode: physical in Rajkot, Gujarat.
• Organizer: Rolex Rings Limited.
• Key participants: company officials (management) attending.
• Purpose: discuss publicly available information with investors/analysts.

Meeting Details

• Date: 06 August 2026; Time: not specified.
• Type/Mode: Earnings conference call, virtual, listen-only.
• Event/Organizer: Rolex Rings Q1 FY27 Earnings Call; organised with SGA (IR) and Chorus.

Participants

• Key company participants: Chairman and Managing Director; Chief Financial Officer.
• Investor relations/advisors: SGA Investors Relations Advisors.

Purpose

• Discuss Q1 FY27 unaudited results and outlook with investors.

Availability

• Recording: conference call was recorded; transcript and investor deck posted on the company website.

Financial Performance

• Q1 FY27 revenue from operations: INR 304 crores, up 4.3% YoY.
• Auto components revenue: INR 163 crores; bearing rings revenue: INR 118 crores.
• Bearing rings: domestic INR 86 crores, exports INR 32 crores; total INR 118 crores.
• Auto components: domestic INR 45 crores, exports INR 118 crores; total INR 163 crores; scrap/export incentive INR 23.2 crores.
• EBITDA: INR 69 crores; EBITDA margin: 22.6%.
• PAT: INR 60 crores; PAT margin: 19.8%.
• Gross margins improved due to favorable mix and disciplined raw-material management.
• Margin expansion achieved for the third consecutive quarter YoY despite labor constraints.

Segment and Geography

• Auto components exports account for ~72% of the segment's revenue; domestic ~28%.
• Bearing rings exports ~27% of the segment; domestic ~72-73%.
• Exports in auto components have driven growth; domestic bearing rings softness observed in industrial segment.
• US market back; European market gains from expanding auto components presence.
• New programs onboarded in the past year progressing; ramp-up expected through the year.

Operations and Capacity

• Labor shortage on the shop floor constrained output in Q1; situation improved from June 2026.
• July 2026 revenue was the highest since inception.
• Utilization was 63-65%; target 70-72% by year-end.
• Capex guidance: INR 30-40 crores annually.
• Margin trajectory expected to strengthen as value-added processes rise in share.

Capital Allocation and Balance Sheet

• INR 180 crores buyback completed; promoter group did not participate.
• Company is fully debt-free and free of legacy CDR obligations; holds cash surpluses.
• Buyback seen as first of many steps to return value to shareholders.
• Medium-term plan includes potential dividends, further buybacks, or inorganic growth via JV.

Outlook and Guidance

• FY27 guidance: mid-teen revenue growth; EBITDA margin 21-22% (excluding other income).
• FY27 export auto components target: INR 425-450 crores; not 500 crores.
• Utilization target 70-72%; auto components to contribute about 65-70% of revenue.
• New customer programs onboarded to ramp up; macro volatility acknowledged.
• Defense/aerospace JV exploration ongoing; initial registrations underway; revenue timing downstream.

Q&A Highlights

• Guidance reiterated: mid-teen revenue growth and 21-22% EBITDA margin (excluding other income).
• Allison revenue has recovered; Dana discussions for higher-volume production underway.
• Tariff refunds: some duty drawback refunds already recognized; larger refunds expected later; added to revenue.
• Container/sea freight costs elevated; potential customer reimbursements discussed; Ex Works unlikely.
• Capex 30-40 crores; utilization target 70-72%; export auto components ramp-up continues.

Meeting Details

• Board meeting scheduled for 05 August 2026 to consider unaudited results for quarter ended June 30, 2026.

Key Agenda Items

• To consider and approve unaudited results for quarter ended June 30, 2026 with Limited Review Report.

Other Notes

• Trading window closure ends 48 hours after results are made public on August 07, 2026.

Buyback Details

• Buyback of 10,000,000 shares at ₹180 each on a proportionate basis.
• Record date: 03 July 2026 for eligible shareholders.
• Tender offer on a proportionate basis from shareholders on record date.

Publication

• Post-Buyback Public Announcement published July 24, 2026 in Financial Express (English/Gujarati) and Jansatta.

Share Buyback Details

• Post-Buyback Public Announcement published July 24, 2026, for buyback of 10,000,000 equity shares.
• Buyback price ₹180 per share; face value ₹1.
• Record date for eligibility: 3 July 2026.

Dematerialisation/rematerialisation status

• No demat/remat requests were received during the quarter ended 30 June 2026.
• Securities dematerialised have been listed on the exchanges where the earlier issued securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled; depository name updated as registered owner.
• All updates were completed within the prescribed timeline.