Synopsis:
Rolex Rings Limited announced that its Board approved a stock split of ₹10 equity shares into 10 shares of ₹1 each (1:10 ratio)
The shares of the Small-Cap company, specializing in designing and testing precision metallic forged and machined components, jumped by upto 4 percent following the Board’s approval for a stock split in a 1:10 ratio.
With a market capitalization of Rs. 3,891.78 Crores on Thursday, the shares of Rolex Rings Ltd rose by 3.5 percent after making a high of Rs. 1,448.45 compared to its previous closing price of Rs. 1,398.65.
What Happened
Rolex Rings Limited, engaged in designing and testing precision metallic forged and machined components has informed the stock exchanges about the outcome of its Board meeting held on 4th September 2025.
During the meeting, the Board approved a stock split where one existing equity share of ₹10 will be divided into 10 shares of ₹1 each in the ratio of (1:10), subject to shareholder approval at the 23rd Annual General Meeting (AGM) and other necessary regulatory approvals.
Along with it, the company also proposed an alteration to its Memorandum of Association for the revised capital structure and approved a related party transaction for salary payment to a promoter’s relative, as per regulations.
Financials & Others
The company’s revenue declined by 6.1 percent from Rs. 311 crore to Rs. 292 crore in Q1FY25-26. Meanwhile, the Net profit declined from Rs. 50 crore to Rs. 49 crore during the same period.
The company demonstrates strong financial health with an ROCE of 22.8% and ROE of 19.2%, indicating efficient use of capital and shareholder equity. It maintains a low debt-to-equity ratio of 0.01, reflecting minimal reliance on debt. The stock is trading at a P/E ratio of 21.4, which is lower than the industry average of 26.6, suggesting it may be relatively undervalued compared to peers.
Rolex Rings Ltd is a leading Indian manufacturer of forged and machined components, primarily serving the automotive and bearing industries. Headquartered in Rajkot, Gujarat, the company is recognized among the top five forging companies in India by installed capacity, with a significant global footprint.
The company’s product portfolio includes hot-rolled, forged, and machined bearing rings, as well as automotive components used in vehicles, industrial machinery, wind turbines, and railways. Rolex Rings supplies both domestic and international customers, including major global bearing manufacturing companies and Tier-I suppliers to auto OEMs. It has built a strong reputation for precision engineering and tool design, and it has established long-term partnerships with key clients in India and abroad.
The company In Q1FY26, the company’s revenue was primarily driven by the Passenger Vehicle (PV) segment, contributing 50.2%, followed by Commercial and Heavy Commercial Vehicles (CV & HCV) at 25.5%, and Industrial applications at 16.4%. Battery Electric and Hybrid Vehicles (BEV & Hybrid) accounted for 7.9%, while 2-Wheelers (2W) had no contribution.
Written by Sridhar J
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