Employees: 2,285
Size Rolex Rings (ROLEXRINGS.NS) is an India Industrials company (Metal Fabrication) with a market value of $558M, the 799th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹201.17 on 6 Nov 2026.
Performance Over six months the shares gained 35.9%, against -20.7% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 1.8% over the last twelve months (peer median +12.5%); the operating margin is 17.3% (peer median 6.7%).
Valuation It trades at 24.3× forward earnings against a peer median of 15.6× (8th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is +14 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.6 points below its cost of capital (13.0% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹11.6B | ₹11.3B | ₹11.4B | ₹12.1B | ₹11.6B |
| Revenue growth | — | -1% | -6% | +4% | — |
| Gross profit | ₹4.99B | ₹2.83B | ₹2.52B | ₹2.68B | ₹2.78B |
| EBITDA | ₹2.37B | ₹2.21B | ₹2.29B | ₹2.50B | ₹2.48B |
| Net income | ₹1.52B | ₹1.41B | ₹1.74B | ₹1.56B | ₹1.98B |
| Free cash flow | n/a | ₹1.54B | ₹1.75B | ₹1.66B | ₹1.62B |
| Capital expenditure | n/a | ₹357M | ₹523M | ₹548M | ₹423M |
| Total debt | n/a | ₹0 | ₹141M | ₹181M | ₹815M |
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| Measure | ROLEXRINGS.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.5% | -11.1% | highest of 21 |
| 6-month return | +35.9% | -20.7% | 2nd highest of 20 |
| Distance from 52-week high | -3.2% | -42.0% | 2nd highest of 21 |
| Revenue growth (TTM) | +1.8% | +12.5% | 7th lowest of 21 |
| Operating margin | 17.3% | 6.7% | 4th highest of 21 |
| Forward P/E | 24.3× | 15.6× | 8th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 27.0% | 8.6% | most demanding of 12 |
| Growth delivered (Del g) | +13.2% | +7.3% | 3rd highest of 12 |
| Hurdle (Req g minus delivered) | +13.8 pp | -1.9 pp | 2nd most demanding of 12 |
| ROIC minus cost of capital | -0.6 pp | -0.2 pp | 9th lowest of 21 |
| EV / EBITDA | 22.2× | 10.7× | 2nd most expensive of 10 |
| Net debt / EBITDA | -1.6× | 1.3× | 3rd least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Rolex Rings ROLEXRINGS.NS | India | $558M | +36% | +2% | 17% | 24.3× | 27.0% | +13.2% |
| Jiangsu Tongli Tianqi Technology 605286.SS | China | $559M | -46% | -23% | -14% | 7.9× | n/a | n/a |
| HangZhou Radical Energy Saving Technology 300652.SZ | China | $554M | -30% | -13% | 10% | n/a | n/a | n/a |
| Nippon Thompson 6480.T | Japan | $553M | +12% | +21% | 9% | 8.7× | 14.5% | +7.3% |
| Shenzhen Pacific Union Precision Manufacturing 688210.SS | China | $565M | -48% | -16% | -14% | 38.9× | n/a | n/a |
| ALCONIX 3036.T | Japan | $566M | +19% | +18% | 6% | 13.6× | n/a | n/a |
| Shanghai Yongmaotai Automotive Technology 605208.SS | China | $537M | -26% | +13% | 1% | n/a | n/a | n/a |
| Zhejiang Meili High Technology 300611.SZ | China | $586M | -25% | +80% | 8% | 10.9× | n/a | n/a |
| Hwaway Technology 001380.SZ | China | $586M | -24% | +7% | 11% | 15.6× | 1.3% | +30.4% |
| Jiangxi Yuean Advanced Materials 688786.SS | China | $587M | -13% | +12% | 21% | 30.1× | 24.8% | +11.2% |
| SF Oilless Bearing 300817.SZ | China | $524M | -21% | +25% | 8% | n/a | n/a | n/a |
| Hunan Huamin 300345.SZ | China | $521M | -8% | -17% | -25% | 147.5× | n/a | n/a |
| Elmet ELMT | United States | $598M | +28% | +6% | 6% | 40.9× | 21.9% | +5.9% |
| G-SHANK Enterprise 2476.TW | Taiwan | $599M | -22% | +24% | 19% | n/a | -0.1% | +9.3% |
| Suzhou Xianglou New Material 301160.SZ | China | $519M | -22% | +2% | 13% | 26.9× | 14.3% | +16.2% |
| Insteel Industries IIIN | United States | $518M | -1% | +14% | 5% | 13.7× | 1.4% | +4.6% |
| Guangdong Enpack Packaging 002846.SZ | China | $609M | -37% | +20% | 3% | 53.7× | 18.4% | +11.4% |
| AKVA AKVA.OL | Norway | $618M | +18% | +14% | 7% | 28.0× | 3.7% | +6.7% |
| CMR Green Technologies CMRGREEN.NS | India | $502M | n/a | +29% | 4% | n/a | n/a | n/a |
| San Shing Fastech 5007.TW | Taiwan | $500M | -3% | -4% | 18% | 15.4× | -5.1% | +4.1% |
| Park-Ohio PKOH | United States | $629M | +41% | +3% | 5% | 11.8× | 8.6% | +4.3% |