Rolex Rings Shares Surge 17% Amid Board Discussion of Potential Buyback Proposal

Rolex Rings Share Price Surges 17% Amid Buyback Proposal

Shares of Rolex Rings, one of the leading manufacturers of forged and machined components, surged 17% in Tuesday's intraday trade, April 21, to ₹163.24 apiece after the company announced that its board will consider a proposal for the buyback of fully paid-up equity shares. The company's board of directors is scheduled to meet on Thursday, April 23, 2026, to consider the proposal.

The company made the announcement through a press release on Monday, stating that the board will consider the proposal in accordance with the SEBI (Buy-Back of Securities) Regulations, 2018, as amended. This move comes after the company split its shares from a face value of ₹10 to ₹1 in October last year, with the stock trading on an ex-split basis since October 17, 2025.

Rolex Rings share price trend has seen a strong recovery in April after witnessing a sharp sell-off in March. At current levels, the shares have surged about 46% so far this month, recouping the 17.5% decline seen in the previous month. If the stock closes April around current levels, it would mark its biggest monthly gain since listing.

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Despite the sharp rebound, the stock still trades at a steep 41.4% discount to its record high of ₹278, touched in September 2024. Between October 2024 and November 2025, the stock witnessed significant declines, closing most months in the red and cumulatively falling around 60%. The prolonged weakness was largely due to pressure on the company's sales amid US tariff concerns. The US is a key market, contributing about 25% to the company's revenue.

The company reported a 10% sequential decline in exports to the US in Q3 compared to Q2 but expects export momentum to normalize from Q1FY27. In its December quarter earnings, the company highlighted growth visibility in the auto components segment, supported by a strong order book from Europe, and said it added a couple of new customers in Q3FY26.

Note: The company did not provide revenue data for Q2 and Q1 FY26 in the article.

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The company reported a 6% year-over-year increase in revenue to ₹275 crore in Q3, while net profit jumped 136.6% YoY to ₹48 crore, aided by a low base. On a sequential basis, profit rose 8%.