Rolex Rings Limited · NSE:ROLEXRINGS
Rolex Rings — H1 FY27 Earnings Presentation
29 slides from Rolex Rings's earnings presentation, Nov 4, 2026
Slide 1: Rolex Rings Limited Investor Presentation
ROLEX RINGS LIMITED FORGING BRILLIANCE, SHAPING GREENER FUTURE Investor Presentation November 2026
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Rolex Rings Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie
Slide 3: Q2 & H1 FY27 Financial Highlights
Q2 & H1 FY27 Financial Highlights
Slide 4: Chairman & MD's Message
Chairman & MD’s Message “Q2 FY27 has been the strongest quarter in our history. Revenue from operations grew 43% year-on-year to Rs. 389 crore, which includes a one-time receipt of around Rs. 18 crore from the refund of customs duty paid on US tariffs. Gross margin expanded by 220 bps to 55%, EBITDA
Slide 5: Q2 FY27 Key Performance Highlights
Q2 FY27 Key Performance Highlights Revenue Revenue Total Revenue* Gross Profit & GP Margin* (A + B) and also includes scrap revenue, export Bearing Rings (A) Auto Components (B) incentives & one-time benefit of tariff refund) Rs. 153 Crs. Rs. 177 Crs. Rs. 389 Crs. Rs. 233 Crs. (+6.2% YoY) (+67.7% Yo
Slide 6: H1 FY27 Key Performance Highlights
H1 FY27 Key Performance Highlights Revenue Revenue Total Revenue* Gross Profit & GP Margin* Bearing Rings (A) Auto Components (B) (A + B) and also includes scrap revenue, export incentives & one time receipt Rs. 271 Crs. Rs. 318 Crs. Rs. 694 Crs. Rs. 402 Crs. GP Margin : 58.0% (+0.4% YoY) (+27.8% Yo
Slide 7: Q2 & H1 FY27 Profit & Loss Statement
Q2 & H1 FY27 Profit & Loss Statement Particulars (Rs. Crs.) Q2 FY27 Q2 FY26 YoY H1 FY27 H1 FY26 YoY Total revenue includes a one-time Revenue from Operations benefit of ~₹18 Cr in Q2 & 21.7 Cr in H1 389 271 43.4% 694 563 23.2% from the refund of customs duty paid Raw Material & Change in Inventory 1
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet Equities & Liabilities (Rs. Crs.) Sep-26 Mar-26 Assets (Rs. Crs.) Sep-26 Mar-26 Non-Current Assets 519.2 523.1 Total Equity 1,166.0 1,213.6 Property, Plant & equipment 436.0 446.2 Equity Share Capital 26.2 27.2 CWIP 39.5 38.6 Reserve & Surplus 1,139.8 1,186.3 Intangible as
Slide 9: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. Crs.) Sep-26 Sep-25 Net Profit Before Tax 178.9 127.1 Adjustments for: Non - Cash Items / Other Investment or Financial Items -5.0 3.3 Operating profit before working capital changes 173.9 130.4 Changes in working capital -73.8 -13.9 Cash generated f
Slide 10: Key Financial Parameters
Key Financial Parameters Revenue mix by indicative end-user industries Geographical Mix (Domestic / Exports) Operating Cash Flows & Capex (Rs. Crs.) Revenues from operations (excluding scrap sales and other operating income) 59 FY22 40.0% 26.4% 26.1% 7.1% FY22 46.4% 53.6% FY22 70 214 FY23 42.5% 24.1
Slide 11: About the Company
ABOUT THE COMPANY
Slide 12: About Rolex Rings
About Rolex Rings 5th Largest Forging Capacity in India Revenue Mix (FY26) Geography Wise (%) Rolex Rings is one of India’s top manufacturer and global supplier of Forged and machined components, supplying parts to more than 17 countries in Europe, South America, North America and Asia 44% 56% Diver
Slide 13: Our Journey
Our Journey ✓ Upgraded forging facility ✓ Started manufacturing installed ✓ Sakamura HBP-160 machine of bearing rings with (Japanese High speed hot traditional forging ✓ Initial exports with a leading Former) purchased - 170 European customer as the strokers per/min ✓ Private Equity Invested - ✓ IEC
Slide 14: Key Products Categories
Key Products Categories Bearing Rings Automotive Components 46% of Revenue (H1 FY27) 54% of Revenue (H1 FY27) Inner & outer rings for tapered, cylindrical, spherical, Transmission: Gear blanks, ring gears, sun & pinion gears, angular-contact bearings lock nuts Deep groove ball bearing rings (DGBB),
Slide 15: Strategically Located State-of-the-art Manufacturing Facilities
Strategically Located State-of-the-art Manufacturing Facilities 3 Manufacturing Units at Rajkot, Gujarat • Unit I: Forging, Heat Treatment and Shot Blasting • Unit 2: Forging, Heat Treatment, Shot blasting, cold rolling, Machining, Quality control & testing, Packing and dispatch Mundra Port • Unit 3
Slide 16: Quality Control & Testing
End-to-end capabilities to ensure quality control Engineering, design and procurement • Converts customer designs, drawings and inputs into actionable part drawings, cost estimates, Engineering, design, tooling and process parameters, monitoring protocols, production simulation, trial runs, sample p
Slide 17: Future Growth Strategies
Future Growth Strategies Rolex Rings’ strategy blends diversification, innovation, operational excellence, and sustainability. The company is on a multi-year journey to move up the value chain from core ring forging to advanced, precision-engineered assemblies for automotive, EVs, railways, and high
Slide 18: Bearing Industry
Bearing Industry Favourable macro tailwinds across global bearings & Indian forging markets $301 Bn. $12.8 Bn. $10.7 Tn. ~37% CAGR Global Bearings Market by India Forging Market by 2032 Global Metals Market by 2029 India EV Market FY24–FY30 2033 (~9% CAGR) (7.4% CAGR) from $8.43 Tn. projected growth
Slide 19: Awards & Recognition
Awards & Recognition Supplier quality excellence Zero PPM Award 2022 Q1 Certificate in 2021 SQ Certificate in 2014 award 2014-2022 Quality Excellence Award Zero PPM Award in 2022, Earned the prestigious Q1 The SQ (Supplier Quality) consecutively from 2014 to recognizing its achievement of Certificat
Slide 20: Experienced Leadership
Experienced Leadership Mr. Manesh Madeka Mr. Bhautik Madeka Mr. Mihir Madeka Chairman & Managing Director Wholetime Director Wholetime Director ✓ Founded the company in 1987 & has over ✓ Commerce graduate from Ranchi ✓ Engineering graduate from Nagpur 39+ years of work experience University with 24+
Slide 21: ESG & Sustainability Initiatives
ESG & Sustainability Initiatives Carbon Reduction Footprint Other Sustainability Initiatives Total installed Renewable (Green) energy Rolex Rings continues to strengthen its commitment towards 21.55 MW sustainability through focused environmental initiatives: • Afforestation: The Company has planted
Slide 22: Rewarding Shareholders
Rewarding Shareholders The Comeback Story From financial stress to rewarding shareholders 2013 2022 2026 Exited CDR — Zero Debt RoR of Rs. 101 Crs. settled Entered CDR Successfully cleared all dues and The Company honored its Right of Admitted to Corporate Debt exited CDR. Became a completely Recomp
Slide 23: Historical Financials
HISTORICAL FINANCIALS
Slide 24: Key Financial Parameters (1/2)
Key Financial Parameters (1/2) Revenue – Automotive Revenue – Bearing Rings Total Revenue from Operations EBITDA & EBITDA Margins Components Includes other operating revenue such as 22.7% 22.1% 21.4% 20.8% 20.1% scrap sales, export incentives and windmill -1% +8% +3% 0% 559 563 570 539 532 557 576 1
Slide 25: Key Financial Parameters (2/2)
Key Financial Parameters (2/2) Revenue mix by indicative end-user industries Geographical Mix (Domestic / Exports) Operating Cash Flows & Capex (Rs. Crs.) Revenues from operations (excluding scrap sales and other operating income) 59 FY22 40.0% 26.4% 26.1% 7.1% FY22 46.4% 53.6% FY22 70 214 FY23 42.5
Slide 26: Historical Profit & Loss Statement
Historical Profit & Loss Statement Particulars (Rs. Crs.) FY26 FY25 FY24 FY23 FY22 Revenue from Operations 1,143.5 1,154.8 1,221.8 1,179.0 1,010.2 Raw Material & Change in Inventory 554.7 584.6 627.2 599.8 464.1 Gross Profit 588.8 570.2 594.6 579.1 546.1 Gross Margin % 51.5% 49.4% 48.7% 49.1% 54.1%
Slide 27: Historical Balance Sheet
Historical Balance Sheet Equities & Liabilities (Rs. Crs.) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Assets (Rs. Crs.) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Non-Current Assets 523.1 502.4 495.9 468.7 447.2 Total Equity 1,213.6 1,072.1 898.2 743.0 544.8 Property, Plant & equipment 446.2 444.0 465.9 390.2 378.9
Slide 28: Historical Cash Flow Statement
Historical Cash Flow Statement Particulars (Rs. Crs.) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Net Profit Before Tax 190.3 207.7 209.7 243.3 194.4 Adjustments for: Non - Cash Items / Other Investment or Financial Items 68.8 43.6 27.7 35.9 43.1 Operating profit before working capital changes 259.1 251.3 23
Slide 29: Thank You
THANK YOU Company: Rolex Rings Limited Investor Relations: Strategic Growth Advisors Pvt. Ltd. CIN: L28910GJ2003PLC041991 CIN: U74140MH2010PTC204285 Mr. Hiren Doshi – CFO Mr. Deven Dhruva / Mr. Ronak Jain hdoshi@rolexrings.com deven.dhruva@sgapl.net / ronak.jain@sgapl.net Tel: +91 281 2782 677 Tel: