Rockingdeals Circular Economy Limited (ROCKINGDCE)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Rockingdeals Circular's revenue was ₹65.0 Cr (+91.2% year on year, +18.1% on the previous half-year), and net profit ₹5.0 Cr (+150.0% year on year); the operating margin was 12.3%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹65.0 | +91.2% | +18.1% |
| Operating profit | ₹8.0 | -23.5% | -7.5% |
| Net profit | ₹5.0 | +150.0% | -0.8% |
| EPS (₹) | 5.87 | +132.9% | -34.0% |
| Operating margin | 12.3% | — | — |
ROCKINGDCE delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 83.33% of the ROCKINGDCE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 74.55%. That is close to its usual level. Turnover was only ₹7 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 68.2% · 48.3% · 66.7% · 79.1% · 83.3%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Rockingdeals Circular Economy Limited has announced an expansion into organized grocery retail via its 'Retail Grocery Mart' initiative. The company will invest ₹50,00,000 funded entirely via internal accruals to pilot this venture, representing less than 0.3% of its TTM revenue (₹175 Cr). The first set-up is scheduled to launch at its Sarai store on October 20, 2026, focusing on everyday essentials and discounted near-expiry products. While the initial capital commitment is very small, it marks a strategic move into recurring-demand consumer categories.
- Investment required is ₹50,00,000, funded entirely through internal accruals
- First Retail Grocery Mart launch scheduled at the Sarai store on October 20, 2026
- Expansion targets organized retail grocery stores and a dedicated near-expiry product segment
- Capacity addition to be implemented with immediate effect
Rockingdeals Circular Economy Limited has announced the closure of its trading window effective Thursday, October 1, 2026, under SEBI Insider Trading regulations. The closure applies to all Designated Persons and their immediate relatives. It will remain in effect until 48 hours after the declaration of the unaudited financial results for the half year ended September 30, 2026. The date of the upcoming board meeting to approve these results will be intimated in due course.
- Trading window closure starts on Thursday, October 1, 2026
- Applies to all Designated Persons and their Immediate Relatives
- Closure lasts until 48 hours after declaration of financial results
- Pertains to Unaudited Financial Results for the half year ended September 30, 2026
Rockingdeals Circular Economy Limited's wholly owned subsidiary, Sustainquest Private Limited, has entered into a 7-year Mutual Business Agreement with Quoodo Food & Beverages India Private Limited. Under the deal, Sustainquest is appointed as the Super Stockist for the 'AMRUT FRESH' beverage portfolio across Haryana and Delhi/NCR, effective September 08, 2026. Commercial terms require a minimum purchase commitment of 25 containers per calendar year, with 20% advance and 80% payable upon arrival at the Indian port. Financial deal size and expected revenue values were not disclosed.
- Appointment as Super Stockist for 'AMRUT FRESH' beverages across Haryana and Delhi/NCR for 7 years.
- Agreement effective from September 08, 2026; received and filed on September 15, 2026.
- Minimum volume commitment mandated at 1 container per order and 25 or more containers per calendar year.
- Agreed payment terms set at 20% advance and 80% upon arrival of goods at the Indian port prior to warehouse delivery.
Rockingdeals Circular Economy Limited has issued notice regarding its 24th Annual General Meeting, scheduled for September 29, 2026, at 02:00 PM IST via video conferencing. The company also released the web-link and QR code for accessing its Integrated Annual Report for FY 2025-26. This administrative communication is directed to shareholders whose email addresses are unregistered with the company or depositories. The announcement is routine and has no direct financial or operational impact.
- 24th Annual General Meeting scheduled for Tuesday, September 29, 2026, at 02:00 PM IST
- AGM to be held via Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
- Communication issued for FY 2025-26 Integrated Annual Report weblink and QR code access under Regulation 36(1)(b)
- Shareholders without registered emails directed to Big Share Services Pvt Ltd or DP for updation
Rockingdeals Circular Economy Limited published its Integrated Annual Report for FY 2025-26 and convened its 24th Annual General Meeting for September 29, 2026. Among the key resolutions, the company is seeking shareholder approval to increase its borrowing limit under Section 180(1)(c) up to ₹100 crore, compared to its existing debt of ₹10 crore and net worth of ₹67 crore. The AGM will also consider ordinary business including adoption of standalone and consolidated financial statements, alongside approval under Section 185 for loans, guarantees, or securities.
- 24th Annual General Meeting scheduled for September 29, 2026, at 02:00 P.M. IST via VC/OAVM
- Seeking approval for borrowing powers up to ₹100 crore under Section 180(1)(c)
- Proposed borrowing limit of ₹100 crore represents ~149% of current net worth (₹67 crore)
- Integrated financial report covers two 100% owned subsidiaries: Sustainquest Private Limited and UAE-based Rocking Deals General Trading L.L.C
Rockingdeals Circular Economy Limited has issued the notice for its 24th Annual General Meeting (AGM) to be held on September 29, 2026. Key special business includes seeking shareholder approval under Section 180(1)(c) to enhance borrowing limits up to ₹100 crore. This borrowing limit represents approximately 57% of TTM revenue (₹175 crore) and 1.49x current net worth (₹67 crore), compared to existing debt of ₹10 crore. Shareholders will also vote on the re-appointment of retiring director Mrs. Kulbir Chopra and the adoption of audited FY26 financial statements.
- 24th Annual General Meeting scheduled for September 29, 2026 at 02:00 P.M. IST via Video Conferencing.
- Proposed special resolution to approve borrowing limits under Section 180(1)(c) up to ₹100,00,00,000 (₹100 crore).
- Special resolution to approve advancing loans, giving guarantees, or providing securities under Section 185.
- Re-appointment of Mrs. Kulbir Chopra (DIN: 03193553) as a Non-Executive Director retiring by rotation.
Rockingdeals Circular Economy Limited held its Board meeting on September 7, 2026, approving the Annual Report for FY 2025-26. The 24th Annual General Meeting (AGM) has been scheduled for September 29, 2026, via video conferencing. The cut-off date to determine e-voting eligibility is September 22, 2026, with remote e-voting open from September 26 to September 28, 2026. The Board also approved related party transactions for FY 2026-27 and appointed a scrutinizer for the AGM.
- 24th Annual General Meeting scheduled for September 29, 2026, at 02:00 PM IST via VC/OAVM.
- Shareholder voting cut-off date fixed as September 22, 2026.
- Remote e-voting period open from September 26, 2026 (09:00 AM) to September 28, 2026 (05:00 PM).
- Approved Annual Report for FY 2025-26 and related party transactions for FY 2026-27.
Rockingdeals Circular Economy Limited (RDCEL) has responded to NSE queries regarding its financial results for the quarter ended June 30, 2025. The company clarified that segment reporting is not applicable under AS 17 as it operates as a single integrated business unit in electronics trading. It also addressed a clerical error in its Cash Flow statement and justified the absence of comparative figures by citing transitional provisions for first-time interim reporting under AS 25. The company confirmed its filing was submitted within 1 hour 13 minutes of the board meeting, meeting the 3-hour regulatory requirement for non-trading days.
- Results were submitted within 1 hour 13 minutes of the board meeting conclusion (2:30 PM to 3:43 PM) on October 11, 2025.
- Company cited AS 17 Paragraph 27 to explain why no separate business or geographical segments met the 10% threshold for reporting.
- Corrected a typographical error in the Cash Flow statement heading from 'Year Ended' to 'Quarter Ended' 30 June 2025.
- Utilized transitional relief under AS 25 Paragraph 47 to omit comparative figures for its first interim financial statements.
Financial Performance
Revenue Growth by Segment
Total income reached INR 21.40 Cr in H1 FY25, growing 36.81% YoY. Annual revenue for FY 2024-25 was INR 55.43 Cr, an 11.85% increase from INR 49.56 Cr in the previous year. Growth is driven by B2B recommerce, bulk trading of excess inventory, and the newly launched Barter vertical.
Geographic Revenue Split
Not specifically disclosed by percentage, but the company is actively expanding into Tier-II and Tier-III markets to mitigate economic uncertainty and capture value-conscious buyers.
Profitability Margins
H1 FY25 PAT margins improved by 573 bps to 14.93% (INR 3.2 Cr). However, full-year FY25 Return on Equity (ROE) dipped to 14.40% from 24.80% (a 41.93% decrease) due to heavy reinvestment of profits into inventory for long-term growth.
EBITDA Margin
EBITDA margin for H1 FY25 was 24.45%, representing a surge of 128.40% YoY and a margin expansion of 980 basis points. This was driven by high-margin deals in the Barter vertical and improved product mix.
Capital Expenditure
The company raised INR 42.24 Cr through a Rights Issue of 26,40,000 partly-paid equity shares at INR 160 each to fund growth. Profits are primarily reinvested into inventory rather than traditional CapEx due to a franchisee-led retail model.
Credit Rating & Borrowing
Not disclosed in available documents; however, the company is utilizing internal accruals and rights issue proceeds for expansion, with a focus on maintaining capital deployment efficiency (ROCE of 16.77% in FY25).
Operational Drivers
Raw Materials
Excess inventory (40%), open-box electronics (30%), refurbished product stock (20%), and Barter-sourced goods (10%).
Import Sources
Sourced primarily within India from premium brands and e-commerce platforms like Amazon; expanding procurement to include direct brand trashing and customer returns.
Key Suppliers
Amazon (exclusive first-mover in refurbished category), major unnamed national brand (exclusive factory outlet partner), and various small brand tie-ups.
Capacity Expansion
Currently operating 22+ years in the sector; expanding via a franchisee model where internal accruals are remitted into inventory to support a targeted 100% annual growth rate.
Raw Material Costs
Inventory costs are the primary expense; profits are reinvested into stock, leading to negative cash flow from operations which is expected to continue for 1-2 years during the high-growth phase.
Manufacturing Efficiency
Achieved exceptional inventory control with less than 1% write-offs; utilizes AI-driven inspection and end-to-end refurbishment services to maximize recovery value.
Logistics & Distribution
Distribution is handled through a mix of B2B bulk trading and a growing network of franchisee-led retail stores.
Strategic Growth
Expected Growth Rate
100%
Growth Strategy
The company plans to achieve 100% CAGR over the next 3 years by opening more franchisee stores, securing exclusive brand partnerships for factory outlets, and scaling the high-margin Barter vertical. They are leveraging their first-mover advantage in the Amazon refurbished category and the projected doubling of the refurbished electronics market within 5 years.
Products & Services
Refurbished electronics, open-box mobile phones, excess inventory consumer goods, and end-to-end refurbishment services.
Brand Portfolio
Rockingdeals, Rockingdeals Circular Economy (RDCEL).
New Products/Services
Expansion of the 'Barter' vertical which contributed to the 1800 bps improvement in gross margins in H1 FY25.
Market Expansion
Aggressive expansion into Tier-II and Tier-III Indian cities through franchisee retail outlets to capture the value-conscious consumer segment.
Market Share & Ranking
Leading Indian B2B recommerce company; first-mover in the Amazon refurbished category.
Strategic Alliances
Exclusive partnership with one of India's largest brands to act as their sole factory outlet partner for discounted inventory.
External Factors
Industry Trends
The global circular economy is currently only 8.6% circular but projected to be worth USD 4.5 trillion by 2030. The Indian refurbished electronics market is expected to double in 5 years, positioning RDCEL as a key bridge between brands and value buyers.
Competitive Landscape
Faces competition from smaller unorganized players and potential 'brand-led' recommerce initiatives, though RDCEL's scale and exclusive tie-ups provide a competitive edge.
Competitive Moat
Sustainable moat built on exclusive brand partnerships, a 22-year track record in excess inventory management, and a first-mover advantage in major e-commerce refurbishment categories. These are durable due to the high operational complexity of managing fragmented returns.
Macro Economic Sensitivity
Highly sensitive to discretionary spending trends; a slowdown in the USD 29.5 billion e-commerce market could reduce the volume of open-box returns available for processing.
Consumer Behavior
Shift toward 'value-conscious' and 'sustainable' procurement is driving demand for refurbished goods over new products.
Geopolitical Risks
Global supply chain pressures could impact the availability of new electronics, indirectly affecting the volume of trade-ins and refurbished supply.
Regulatory & Governance
Industry Regulations
Subject to e-waste management rules and consumer protection regulations regarding the sale of refurbished and open-box goods.
Environmental Compliance
Core business promotes circular economy principles by reducing e-waste (50 million tons generated annually globaly), aligning with national sustainability goals.
Taxation Policy Impact
Standard Indian corporate tax rates apply; Deferred Tax Assets (Net) are recorded on the balance sheet.
Legal Contingencies
The company does not have any pending litigations which would impact its financial position as per the Independent Auditor's Report for FY 2024-25.
Risk Analysis
Key Uncertainties
Availability of skilled labor for refurbishment and AI-driven inspection; potential for revenue fluctuations based on the timing of large inventory 'deals'.
Geographic Concentration Risk
Operations are concentrated in India, with corporate offices in Faridabad and registered offices in New Delhi.
Third Party Dependencies
High dependency on e-commerce platforms and premium brands for the supply of 'open-box' and 'excess' inventory.
Technology Obsolescence Risk
Risk of rapid technological shifts in consumer electronics reducing the resale value of held inventory; mitigated by maintaining <1% write-offs.
Credit & Counterparty Risk
Trade receivables and franchisee payment cycles are monitored; reinvestment in inventory is prioritized over credit expansion.
