Rolex Rings is a leading manufacturer of forged and machined components, one of the top 5 forging companies in India and is also a Global supplier of hot rolled forged, machined bearing rings and automotive components for various segments of vehicles, Industrial Machinery, Wind Turbines and Railways.
It derives nearly 54% of its revenue from bearing rings and 38% from automotive components. Exports contributed 46% of the revenue of the company.
Top 10 customers accounted for 80% revenue of the company.
The company is not planning any major CAPEX till FY25. They will be focusing on enhancing their revenue by increasing the forging utilization to 60% and machining capacity to 85% in the near future.