Rolex Rings reported a 43% surge in second-quarter revenue alongside a 67% increase in profit after tax, fueled by a 90% rise in auto component exports. The company's domestic bearings segment also contributed to the upside with a 10% gain. IDBI Capital maintains a "Buy" rating on the stock, setting a price target of ₹241 per share. This projected expansion reflects resolving tariff issues and an expected rise in facility utilization to as much as 72% in FY27.
Key points
Second-quarter financial momentum was marked by a 72% rise in EBITDA and a 67% increase i…: Second-quarter financial momentum was marked by a 72% rise in EBITDA and a 67% increase in profit after tax.
Manufacturing capacity utilisation is anticipated to climb from about 65% in FY26 to betw…: Manufacturing capacity utilisation is anticipated to climb from about 65% in FY26 to between 70% and 72% in FY27.
Settling tariff uncertainties and positive domestic manufacturing demand continue to stre…: Settling tariff uncertainties and positive domestic manufacturing demand continue to strengthen the auto ancillary firm's growth trajectory.
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Shares of Rolex Rings Limited have delivered impressive returns over the past few months. The auto ancillary stock ended last week with 6% gains. The Gujarat-headquartered company is likely to benefit from the ‘Make in India’ theme, according to IDBI Capital which sees nearly 17% upside potential in the stock.
Rolex Rings Limited shares ended 2.20% lower on Friday, as part of some correction witnessed after strong rally in the previous session.
Rolex Rings share price outlook
With the settling down of the tariff uncertainty and improved demand outlook in both the business verticals, Rolex is likely to benefit from the ‘Made in India’ ecosystem.
The company reported strong set of numbers in the second quarter of financial year 2026-27. Its revenue from operations, EBITDA and profit after tax (PAT) increased by 43%, 72%, and 67% for the quarter on an annual basis.
“The revenue growth was majorly led by strong growth in the exports of auto components which grew by 90% YoY to ₹1.29bn. The domestic bearings segment and the domestic auto components segment registered healthy growth of ~10%…
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