Rolex Rings · forward-looking guidance across the available source record.
Guidance tracker
Management expects 15-17% revenue growth in FY27 based on existing order programs and US recovery, with further acceleration expected in FY28. Approximately 50% of the lost US business should recover in H1 with remainder in H2.
Operating EBITDA margins expected to remain above 20.5-21% on a conservative basis, with potential for improvement from operating leverage and fixed cost absorption as revenues grow.
Minimum annual capex of Rs 30-40 crore required for maintenance and selective capacity additions, with 70-75% allocated to forging and 25-30% to machining capabilities.
Normalized gross margin expected in the 49-53% range depending on product mix, raw material sourcing (domestic vs. imported steel), and steel composition requirements.