Rolex Rings Limited - machinery and equipment in Rajkot, Gujarat, India. FY 2026 financials & compliance.
CIN L28910GJ2003PLC041991 Incorporated 13 February 2003 ROC Ahmedabad HQ Rajkot, Gujarat, India
Active Listed - NSE: ROLEXRINGS · BSE: 543325 Public Limited Company machinery and equipment
Data last updated
Market Cap
₹4,067 Cr
ROLEXRINGS · NSE
Share Price
₹161.44
+4.13% today
Revenue
₹1,144 Cr
FY 2025-26 · -1.0% YoY
EBITDA
₹179 Cr
Margin 15.6%
Net Profit
₹179 Cr
FY 2025-26 · -4.8% YoY
P/E (TTM)
21.0x
P/B 3.4x
ROE
15.6%
ROCE 21.0%
Debt / Equity
0.01
Interest cover 1.0x

About Rolex Rings Limited

Data last updated:

Rolex Rings Limited is a public limited company based in Rajkot, Gujarat, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 13 February 2003 and has been in existence for over 23 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L28910GJ2003PLC041991. Its GSTIN is 24AACCR3790B1ZO (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 543325 and NSE: ROLEXRINGS.

The company has an authorised share capital of ₹56 Cr and a paid-up capital of ₹26.23 Cr. It was formerly known as Rolex Rings Private Limited. It is led by directors including Manesh Dayashankar Madeka (Managing Director) and Bhoutik Dayashankar Madeka (Whole-Time Director).

Its last annual general meeting (AGM) was held on 24 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at B/H. Glowtech Steel Private Limited Gondal Road Kotharia, Rajkot, Gujarat, India – 360004.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹1,143.5 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹178.67 Cr (net margin 15.6%) and EBITDA of ₹178.61 Cr (EBITDA margin 15.6%). The net worth stands at ₹1,213.57 Cr (up 13.2% YoY). Total assets are valued at ₹1,217.98 Cr (up 11.6% YoY).

The company has about 1,879 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: Solar ACE and Rolex Rings. As per MCA filings, the company has open charges of ₹1,839.7 Cr and satisfied charges of ₹62.96 Cr on record. Court records list 39 cases involving the company, including 14 filed by the company and 25 filed against it; 3 cases are pending. The company has 13 deals on record (5 funding rounds, 4 secondary share transfers, 3 market trades), with disclosed funding of ₹194.65 Cr; the latest was in August 2024. Its 9 peer companies in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products) are compared by revenue, 4 larger and 5 smaller; the largest is J.K. Fenner (India) Limited with revenue of ₹1,554.92 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rolexrings.com.

Company details

CIN L28910GJ2003PLC041991
Registration Number 041991
Incorporation Date 13 February 2003
ROC Ahmedabad
Listing Status Listed - Listed on NSE (ROLEXRINGS); Listed on BSE (543325)
Company Status Active
Date of Last AGM 24 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Rolex Rings has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L28910GJ2003PLC041991, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L28910GJ2003PLC041991Current
U28910GJ2003PTC041991Previous
U28910GJ2003PLC041991Previous

Contact details

Rolex Rings Limited's registered office is in Rajkot, Gujarat. Its website is rolexrings.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    B/H. Glowtech Steel Private Limited Gondal Road Kotharia, Rajkot, Gujarat, India – 360004
  • Industry
    Machinery and Equipment, Industrial Tools & Components

To see the full contact details of Rolex Rings Limited, buy the company report.

Comprehensive company report
Rolex Rings Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Rolex Rings operates two associated brands: Solar ACE and Rolex Rings. Each brand links to its own profile.

BrandDescriptionWebsite
Offers solar panel systems for homes and businesses to promote energy efficiency.solaraceenergy.com
Forged and machined components are produced for industrial bearings.rolexrings.com

Financials of Rolex Rings Limited

FY 2025-26 filings available

Rolex Rings Limited reported revenue of ₹1,143.5 Cr (down 1% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹1,144 Cr
-1.0% YoY
EBITDA
₹179 Cr
-19.5% YoY
Profit After Tax
₹179 Cr
-4.8% YoY
Net Worth
₹1,214 Cr
+13.2% YoY
Total Assets
₹1,218 Cr
+11.6% YoY
Total Debt
Nil

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,1441,1551,2221,1791,010616666
Revenue growth-1.0%-5.5%+3.6%+16.7%+63.9%-7.5%-
EBITDA179222230261229109121
EBITDA margin+15.6%+19.2%+18.8%+22.1%+22.7%+17.7%+18.2%
Profit before tax19020821024319475.1872.09
Net profit17918817919813286.8952.97
Net profit margin+15.6%+16.3%+14.6%+16.8%+13.1%+14.1%+8.0%
EPS (₹)5.1863.8957.3072.7448.4336.2622.08
Balance sheet
Total assets1,2181,091939846789627548
Net worth1,2141,072898743545368277
Total debt0.0014.1518.0681.53223238250
Cash & bank79.1667.9828.7734.4019.9110.4216.44
Net working capital458365374422403242212
Cash flow
Cash from operations19022722121358.8859.21184
Cash from investing(52.61)(191)(158)(44.14)(67.78)(36.31)(14.17)
Cash from financing(117)(6.18)(66.15)(151)8.04(19.54)(168)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue304306275271292284260300
Revenue growth (YoY)+4.4%+7.7%+5.8%-9.6%-6.2%---
Other income19.842.8717.4214.3615.619.883.859.46
Total expenses236299220217230232227234
EBITDA68.727.0355.1654.8461.5752.2232.6666.01
EBITDA margin+22.6%+2.3%+20.1%+20.2%+21.1%+18.4%+12.6%+22.0%
Depreciation9.049.389.429.339.0011.649.739.66
Interest0.230.360.130.780.181.130.160.67
Profit before tax79.290.1663.0359.0968.0049.3326.6265.14
Tax19.150.3215.2814.7518.84(5.32)6.4515.88

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 26 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue304306275271292284260300
Revenue growth (YoY)+4.4%+7.7%+5.8%-9.6%-6.2%---
Other income19.842.8717.4214.3615.619.883.859.46
Total expenses236299220217230232227234
EBITDA68.727.0355.1654.8461.5752.2232.6666.01
EBITDA margin+22.6%+2.3%+20.1%+20.2%+21.1%+18.4%+12.6%+22.0%
Depreciation9.049.389.429.339.0011.649.739.66
Interest0.230.360.130.780.181.130.160.67
Profit before tax79.290.1663.0359.0968.0049.3326.6265.14
Tax19.150.3215.2814.7518.84(5.32)6.4515.88
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,1441,1551,2221,1791,010616666
Revenue growth-1.0%-5.5%+3.6%+16.7%+63.9%-7.5%-
Other income50.2528.4615.0619.3011.423.439.34
Total expenses965933992918781507545
Employee cost71.9968.9064.3559.1558.7651.8752.66
EBITDA179222230261229109121
EBITDA margin+15.6%+19.2%+18.8%+22.1%+22.7%+17.7%+18.2%
Depreciation37.1340.4232.6326.9225.5525.4126.52
Interest1.442.382.709.8320.4311.7032.17
Profit before tax19020821024319475.1872.09
Tax49.1933.7053.6645.1762.48(11.77)19.15
Net profit17918817919813286.8952.97
Net profit margin+15.6%+16.3%+14.6%+16.8%+13.1%+14.1%+8.0%
EPS (₹)5.1863.8957.3072.7448.4336.2622.08
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital27.2327.2327.2327.2327.2335.5233.08
Reserves & surplus1,1861,045871716518323236
Shareholders' funds (net worth)1,2141,072898743545368277
Secured loans0.0014.1118.0281.48223238271
Unsecured loans0.000.040.040.050.070.11(20.65)
Total debt0.0014.1518.0681.53223238250
Total liabilities1,2181,091939846789627548
Assets
Gross block660621603495457424448
Net block447444466391380372374
Capital work in progress38.5834.394.1345.8445.991.150.00
Investments2882611070.000.000.000.00
Inventories235244240256262171131
Sundry debtors220193218228231171128
Cash & bank balances79.1667.9828.7734.4019.9110.4216.44
Loans & advances26.0814.1730.6726.1625.6420.7118.28
Total current assets560519518545538373293
Total current liabilities10215414312313513181.01
Net working capital458365374422403242212
Total assets1,2181,091939846789627548
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash48.8818.8721.663.754.611.250.14
Net cash from operating activities19022722121358.8859.21184
Net cash from investing activities(52.61)(191)(158)(44.14)(67.78)(36.31)(14.17)
Net cash from financing activities(117)(6.18)(66.15)(151)8.04(19.54)(168)
Net change in cash20.4330.01(2.78)17.91(0.86)3.371.11
Closing cash79.1667.9828.7734.4019.9110.4216.44
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-1.0%-5.5%+3.6%+16.7%+63.9%-7.5%-
EBITDA growth-19.6%-3.5%-11.8%+13.9%+110.3%-10.4%-
PBT growth-8.4%-1.0%-13.8%+25.2%+158.5%+4.3%-48.7%
Net income growth-4.8%+4.9%-9.7%+50.1%+51.8%+64.0%-
Revenue CAGR (3Y)-1.0%+4.6%+25.6%+21.0%+3.8%-7.2%-1.5%
EBITDA CAGR (3Y)-11.8%-1.0%+28.3%+29.0%+4.4%-12.2%-7.4%
Profitability & leverage
Net income margin+12.3%+15.1%+12.8%+16.8%+13.1%+14.1%+8.0%
Return on capital employed+21.0%+20.7%+27.4%+31.0%+30.3%+14.8%+17.9%
Return on net worth+15.6%+17.7%+21.8%+30.8%+29.3%+27.8%+21.9%
Debt / equity0.010.020.060.240.500.761.25
Long-term debt / equity0.000.000.000.020.050.120.40
Interest cover1.021.311.374.2010.0514.0233.89
Efficiency & per share
Fixed asset turnover1.791.892.232.482.291.411.52
Inventory turnover4.784.774.934.564.674.094.58
Debtors turnover5.555.635.485.145.034.134.31
EPS (₹)5.1863.8957.3072.7448.4336.2622.08
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)44.56393.68329.81272.83200.05144.75108.27

To see the full year-wise statements and ratios of Rolex Rings Limited, buy the company report.

Board of directors of Rolex Rings Limited

Rolex Rings has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Manesh Dayashankar MadekaManaging Director13 Feb 200323 Years 8 MonthsCurrent
Bhoutik Dayashankar MadekaWhole-Time Director21 Feb 20179 Years 8 MonthsCurrent
Mihir Rupeshkumar MadekaWhole-Time Director21 Feb 20179 Years 8 MonthsCurrent
Jignasa Pravinchandra MehtaDirector12 Mar 20215 Years 7 MonthsCurrent
Ashit Ravishankar VankaniDirector12 Mar 20215 Years 7 MonthsCurrent
Pravinchandra Ratilal DholakiaDirector12 Mar 20215 Years 7 MonthsCurrent

Peer comparison

Rolex Rings Limited is compared with the 9 companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
J.K. Fenner (India) Limited₹1,554.92 Cr (FY 2025)15.0%Madurai, Tamil Nadu, India
Mangal Industries Limited₹1,364.46 Cr (FY 2025)20.0%Andhra Pradesh, India
NRB Bearings Limited (Full Fledged Public Co)₹1,223.25 Cr (FY 2025)10.0%Mumbai, Maharashtra, India
MK Tron Autoparts Private Limited₹1,200.93 Cr (FY 2024)7.0%Chennai, Tamil Nadu, India
Rolex Rings Limitedthis company₹1,143.5 Cr (FY 2026)₹178.67 Cr15.6%-1.0%1,879Rajkot, Gujarat, India
Ador Welding Limited₹1,141.48 Cr (FY 2025)4.0%Mumbai, Maharashtra, India
National Steel and Agro Industries Limited₹1,122.66 Cr (FY 2024)73.0%Mumbai, Maharashtra, India
Sterling Tools Limited₹1,037.95 Cr (FY 2025)11.0%New Delhi, Delhi, India
Voith Turbo Private Limited₹1,036.91 Cr (FY 2025)23.0%Hyderaad, Telangana, India
Mittal Appliances Limited₹954.79 Cr (FY 2025)31.0%Indore, Madhya Pradesh, India

To see the full peer comparison of Rolex Rings Limited, buy the company report.

Auditor

Rolex Rings Limited is audited by S R B C & Co. LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
S R B C & Co. LLPFY 2023324982E

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 52.20%, foreign institutional investors hold 5.40%, domestic institutional investors hold 28.80% and retail and other public shareholders hold 13.60%.

Promoters: 52.20%DII (Domestic Institutional): 28.80%FII (Foreign Institutional): 5.40%Retail & Others: 13.60%
Sep 2026
QUARTER
52.20% Promoters
28.80% DII (Domestic Institutional)
5.40% FII (Foreign Institutional)
13.60% Retail & Others
Promoter holding - history
Now 52.20% · Sep 2026High 53.40% · Dec 2025Low 52.20% · Jun 2026
51%52%53%54%55%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 53.40%Mar 2026: 53.40%Jun 2026: 52.20%Sep 2026: 52.20%53.40%52.20%52.20%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters52.20%52.20%53.40%53.40%
Public47.80%47.80%46.60%46.60%

Charges & borrowings

Open charges
₹1,839.7 Cr
Satisfied charges
₹62.96 Cr
Breakdown by lending institutions
Others₹898.22 Cr
Corporation Bank₹514.75 Cr
Oriental Bank of Commerce₹186.06 Cr
Union Bank of India₹110.42 Cr
Bank of Baroda₹60.00 Cr
Others₹70.25 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
03 Dec 2016100065024Others₹11.2 CrOpen
29 Oct 2016100072699Bank of India₹1.83 CrOpen
24 Sep 201510595726Oriental Bank of Commerce₹5 CrOpen
19 Mar 201210348822Bank of Baroda₹5 CrOpen
24 Mar 201110286053Union Bank of India₹5 CrOpen

To see the full charge records of Rolex Rings Limited, buy the company report.

Total charge records: 24 View all charges

Deals & funding

Rolex Rings Limited has 13 deals on record (5 funding rounds, 4 secondary share transfers, 3 market trades), with disclosed funding of ₹194.65 Cr; the latest was in August 2024.

Total deals
13
Funding rounds
5
Secondary share transfers
4
Market trades
3
IPO
1
Disclosed funding
₹194.65 Cr

Deals on record (5 of 13)

WhenDealAmountParties
Aug 2024Market trade₹196.16 CrBuyer: Sbi Mutual Fund, India Acorn Icav, Kotak Mahindra Mutual Fund
Seller: Icici Prudential Mutual Fund, 2 individuals
Jun 2023Market trade₹29.5 CrSeller: an individual
Oct 2021Secondary share transferUndisclosedSeller: 4 individuals
Aug 2021Market trade₹37.09 CrBuyer: Aakraya Technology and Research LLP
Seller: Aakraya Technology and Research LLP
Aug 2021IPO₹731 CrInvestors: IPO Shareholders - Rolex Rings Limited, Icici Prudential Midcap Fund, Icici Prudential Mnc Fund
Seller: New Silk Route Advisors

To see the full deal history of Rolex Rings Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Rolex Rings Limited was last rated by Care on 04 Aug 2025.

Rating agencyRated onRating
Care04 Aug 2025

To see the full credit ratings and regulatory alerts of Rolex Rings Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Rolex Rings Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Rolex Rings Limited has a workforce of 1,879 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
1,879
Active EPFO establishments
1
Employee growth
1.57%

GST

Rolex Rings has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AACCR3790B1ZOGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Rolex Rings Limited, buy the company report.

Recent activity

Rolex Rings Limited has 12 board changes on record since 2003: 7 appointments and 5 cessations. The latest: Dipesh Dhirajlal Kundaliya ceased to be Director on 10 Aug 2023.

AGM
Rolex Rings Limited last Annual general meeting of members was held on 24 Sep 2026 as per latest MCA records.
Charges
A charge registered on 14 Oct 2013 via Charge ID 10456985 with Idbi Bank Limited was fully satisfied on 07 May 2026.
Filing
Rolex Rings Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Ceased
Dipesh Dhirajlal Kundaliya ceased to be Director.
Charges
A charge with Others of Rs. 443.51 Cr registered on 23 Jan 2009 with Charge ID 10143781 was modified on 02 Jun 2021.
Charges
A charge with Others of Rs. 443.51 Cr registered on 23 Jan 2009 with Charge ID 10141628 was modified on 20 Mar 2021.
Appointed
Ashit Ravishankar Vankani was appointed as Director.
Appointed
Dipesh Dhirajlal Kundaliya was appointed as Director.
Appointed
Jignasa Pravinchandra Mehta was appointed as Director.
Appointed
Pravinchandra Ratilal Dholakia was appointed as Director.
Appointed
Bhoutik Dayashankar Madeka was appointed as Whole-Time Director.
Appointed
Mihir Rupeshkumar Madeka was appointed as Whole-Time Director.

39 earlier events are in the company report.

Frequently asked questions

Rolex Rings is an active public limited company based in Rajkot, Gujarat, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 13 February 2003 (23+ years old) and is registered under CIN L28910GJ2003PLC041991. Listed on BSE: 543325 and NSE: ROLEXRINGS.

Rolex Rings reported revenue of ₹1,143.5 Cr for FY 2025-26 (down 1% YoY) based on standalone financials.

Rolex Rings has 6 current directors:

The latest financial statements of Rolex Rings on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 September 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Rolex Rings is 24AACCR3790B1ZO, registered in Gujarat.

The CIN (Corporate Identification Number) of Rolex Rings is L28910GJ2003PLC041991. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Rolex Rings is a listed company as per MCA records. Its shares are listed on both BSE (code: 543325) and NSE (symbol: ROLEXRINGS).

Rolex Rings has 39 court cases on record: 14 filed by the company and 25 filed against it. 3 are pending. Most are in the district courts.

Rolex Rings was incorporated on 13 February 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Rolex Rings has 13 deals on record (5 funding rounds, 4 secondary share transfers, 3 market trades), with disclosed funding of ₹194.65 Cr; the latest was in August 2024.

The peers of Rolex Rings by revenue are J.K. Fenner (India) Limited, Mangal Industries Limited, NRB Bearings Limited (Full Fledged Public Co), MK Tron Autoparts Private Limited, Ador Welding Limited and 4 more, all in the Machinery and Equipment industry (Tools and Components), with the same principal business activity (metal and metal products).