Rolex Rings Surges on Buyback News

Rolex Rings' stock price surged by 17% on Tuesday, April 21, 2026, reaching ₹163.24 per share. This significant increase followed the company's announcement that its board of directors would convene on Thursday, April 23, 2026, to evaluate a proposal for the buyback of its fully paid-up equity shares, in compliance with SEBI regulations.

Earlier in October 2025, the company had executed a stock split, reducing the face value from ₹10 to ₹1, with shares trading ex-split since October 17, 2025. If the stock maintains its current levels through April, it would represent its most substantial monthly gain since its initial listing. However, the stock remains approximately 41.4% below its peak of ₹278, which was recorded in September 2024.

From October 2024 through November 2025, Rolex Rings witnessed a considerable stock depreciation, losing around 60% of its value. This downturn was largely attributed to sales pressures stemming from concerns over U.S. tariffs, as the U.S. is a critical market accounting for about 25% of the company's revenue. The company reported a 10% sequential decrease in exports to the U.S. during the third quarter but anticipates a normalization of export momentum by the first quarter of fiscal year 2027.

In its earnings report for the December quarter, Rolex Rings highlighted positive growth prospects within the auto components sector, bolstered by a robust order book from Europe. The company also noted the addition of new customers during the third quarter of fiscal year 2026. Revenue saw a 6% year-on-year increase to ₹275 crore, while net profit more than doubled, jumping 136.6% year-on-year to ₹48 crore, partly due to a low comparative base. Sequentially, profit increased by 8%.