Rolex rings | Business Upturn

Rolex Rings board approves stock split in 1:10 ratio

Aman Shukla — Thu, 04 Sep 2025 07:20:21 +0000

Rolex Rings Limited has announced a significant corporate action as its Board of Directors approved the subdivision of equity shares in a meeting held on Thursday, 4th September 2025. The move aims to make the company’s shares more affordable for retail investors and improve overall market liquidity.

Under this decision, each equity share of ₹10 face value will be split into 10 equity shares of ₹1 each, subject to shareholder approval at the upcoming 23rd Annual General Meeting (AGM) and necessary regulatory clearances.

Following the split, the company’s authorised share capital structure will stand revised, with equity shares now divided into 35.02 crore shares of ₹1 each, alongside preference shares as per the updated Memorandum of Association. The official record date for the stock split will be notified later.

The company clarified that the split would not only lower the per-share price but also increase participation from small investors, while simultaneously boosting trading volumes on the exchanges. The completion timeline is expected within two months from shareholders’ approval.

In addition to the stock split, the Board also cleared a related party transaction, approving salary payments to a relative of the promoters, in line with Section 188 of the Companies Act, 2013 and SEBI Listing Regulations.

Rolex Rings Q2 FY25 Results: Revenue falls 7.5% YoY to ₹300.27 crore, Net Profit rises 4.9% YoY

Aditya Bhagchandani — Thu, 07 Nov 2024 08:04:39 +0000

Rolex Rings has released its Q2 FY25 financial results, showing a decline in revenue on a year-over-year (YoY) basis but a modest rise in net profit. Here are the key highlights:

Financial Highlights

Revenue: The company reported revenue from operations of ₹300.27 crore for Q2 FY25, down 7.5% from ₹320.78 crore in Q2 FY24. On a quarter-over-quarter (QoQ) basis, revenue fell by 3.4% from ₹310.76 crore in Q1 FY25.
Profit Before Tax (PBT): Rolex Rings recorded a PBT of ₹65.14 crore, reflecting a 3% YoY increase from ₹63.28 crore in Q2 FY24. QoQ, PBT declined slightly by 2.2% from ₹66.59 crore in Q1 FY25.
Net Profit: Net profit for Q2 FY25 stood at ₹49.26 crore, representing a 4.9% increase from ₹46.96 crore in the corresponding quarter of the previous year. However, compared to Q1 FY25, net profit decreased by 1.5% from ₹49.99 crore.

Rolex Rings’ YoY improvement in profitability amidst a revenue decline highlights the company’s efforts in maintaining profitability despite lower sales figures, possibly by managing operational efficiencies or controlling costs effectively.

Rolex Rings shares surge nearly 3% after 8.09 lakh shares worth ₹196.14 crore changes hands via block deals

Aditya Bhagchandani — Wed, 28 Aug 2024 04:03:47 +0000

Rolex Rings experienced a notable surge of nearly 3% in its share price on Tuesday after substantial block deals took place in the market. The Gujarat-based company saw a significant shift in its equity with major institutional investors making moves in the open market.

On Tuesday, SBI Mutual Fund, India Acorn ICAV, Kotak Mahindra Mutual Fund, and Franklin Templeton Mutual Fund collectively acquired a 2.97% stake in Rolex Rings. This was achieved through the purchase of 8.09 lakh shares at prices ranging between ₹2,421.08 and ₹2,425 per share. The total value of this transaction amounted to ₹196.14 crore. This move reflects a strong interest from prominent mutual funds in the company, indicating confidence in its future prospects.

In a parallel development, ICICI Prudential Mutual Fund, along with Rolex Rings promoters Ashok Dayashankar Madeka and Sanjay Bhagvanji Bole, sold a 3.61% stake, equivalent to 7.65 lakh shares, through open market transactions.

These shares were sold at a similar price range of ₹2,419 to ₹2,425 per share, totaling ₹185.44 crore. The sale by the promoters and ICICI Prudential Mutual Fund indicates a strategic rebalancing of holdings, possibly to capitalize on the high market valuation.

The transactions have had a significant impact on the stock’s performance.

Following these transactions, Rolex Rings shares were trading 2.70% higher at ₹2,503.00 on the NSE as of 9:30 am.

Rolex Rings shares surge over 16% following Q4 results

Aditya Bhagchandani — Tue, 21 May 2024 05:17:15 +0000

Rolex Rings saw its shares surge by over 16% after announcing its fourth-quarter results.

As of 10:40 AM, the shares were trading 16.48% higher at ₹2,625.00 on the NSE.

The company’s standalone quarterly numbers showed mixed results. Net sales increased by 5.63%, reaching Rs 316.34 crore in March 2024 compared to Rs 299.48 crore in March 2023. However, quarterly net profit saw a significant drop, falling by 49.1% to Rs 23.62 crore from Rs 46.41 crore in the same period last year.

On a positive note, EBITDA rose by 17.54%, standing at Rs 76.21 crore in March 2024, up from Rs 64.84 crore in March 2023. Despite this, the earnings per share (EPS) decreased to Rs 8.67 in March 2024 from Rs 17.04 in March 2023.

Rolex Rings IPO: Stock opened at Rs 1,250, 33% premium over IPO price

Vandana Nampoothiri — Mon, 09 Aug 2021 05:58:35 +0000

Manufacturing company, Rolex Rings debuted at Rs.1,250 on NSE and Rs. 1,252 per share on BSE. The stocks which were priced at Rs 900 saw an increase of 33%, LiveMint reported.

The initial public offering which was held in July was subscribed over 130.44 times. According to MoneyControl, the listing is in line with analysts’ expectations. It was predicted that the shares will be listed at a 45-50 per cent premium over the final issue price.

The reserved portion of qualified institutional buyers was subscribed 360.11 times, non-institutional investors 143.58 times, and the retail portion 24.49 times.

The IPO was recommended by many brokerages. KRChoksey Research told MoneyControl, “At the upper band of IPO price of Rs 900, it is valued at a P/E multiple of 35 (on recalculated EPS excluding the Rs 25 crore deferred tax credit) which is lower than the industry average of 83.”

According to News18, Rolex Rings IPO had an issue size of Rs 731 crore and was comprised of a fresh issue and an offer for sale (OFS). The fresh issue was Rs 56 crore and the OFS was at Rs 675 crore with 7,500,000 equity shares along with a face value of Rs 10 per equity share. The price band for the issue was Rs 880 to Rs 900 per equity share.

Rolex Rings IPO: Shares to debut on NSE and BSE on August 9

Vandana Nampoothiri — Sun, 08 Aug 2021 11:07:08 +0000

Rolex Rings is all set to debut on NSE and BSE on August 9. The stocks which were priced at Rs 900, are expected to list a 45-50 per cent premium over the final issue price, MoneyControl reported.

The initial public offering which was held in July was subscribed over 130.44 times. According to MoneyControl, The reserved portion of qualified institutional buyers was subscribed 360.11 times, non-institutional investors 143.58 times, and the retail portion 24.49 times.

Prashanth Tapse, VP Research at Mehta Equities told Moneycontrol, “With stellar investors’ response to the Rolex Rings IPO, we believe it would list at over Rs 1,325, which translates to 47 per cent premium over the upper end of the IPO price Rs 900.”

According to Tapse, a geographically diversified revenue base, comprehensive product portfolio, a reasonably well-priced IPO along attractive valuations are the other things going in favour of Rolex Rings.

IPO Watch and IPO Central data show that shares of Rolex Rings are trading at a premium of Rs 450 now.

According to News18, Rolex Rings IPO had an issue size of Rs 731 crore and was comprised of a fresh issue and an offer for sale (OFS). The fresh issue was Rs 56 crore and the OFS was at Rs 675 crore with 7,500,000 equity shares along with a face value of Rs 10 per equity share. The price band for the issue was Rs 880 to Rs 900 per equity share.

Rolex Rings IPO: Shares trade at 50% premium ahead of listing

Aayushi Singh — Sat, 07 Aug 2021 15:25:17 +0000

Rolex Rings shares had continued to witness strong demand from investors in the grey market as it had traded at a healthy 50 per cent premium over their final issue price ahead of the listing in the next week.

The shares of the automotive components manufacturer had been trading at a premium of Rs 450 on the IPO Watch and IPO Central Data which tracked the grey market premium of issues before the listing. It would be equal to the trading price of Rs 1,350, a premium of 50 per cent over the issued price of Rs 900.

On August 9, the Rolex Rings would debut on NSE and BSE, both. Their IPO was subscribed over 130.44 times from July 28 to July 30 and had received a strong response, which was one of the reasons for a strong grey market premium.

The company had raised over Rs 731 from the public offering which had comprised a fresh issue of Rs 56 crore and the offer sale of Rs 675 crore by Rivendell PE LLC. The new net proceeds would be used for working capital requirements.