Remsons Industries Ltd
Remsons Industries Limited was established in 1971. It manufactures auto components like auto control cables, Flexible shafts, Gear shift systems, push pull cables and parking brake mechanism. It exports majorly to UK, Europe, North American, Brazil, Mexico and SAARC countries [1] [2]
- Market Cap ₹ 749 Cr.
- Current Price ₹ 1,074
- High / Low ₹ 1,105 / 235
- Stock P/E 55.0
- Book Value ₹ 160
- Dividend Yield 0.15 %
- ROCE 15.4 %
- ROE 17.8 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 6.53 times its book value
- Promoter holding has decreased over last quarter: -9.70%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 226 | 286 | 313 | 312 | |
| 216 | 266 | 287 | 281 | |
| Operating Profit | 10 | 20 | 26 | 31 |
| OPM % | 4% | 7% | 8% | 10% |
| 6 | 1 | 1 | 3 | |
| Interest | 4 | 6 | 6 | 7 |
| Depreciation | 4 | 8 | 9 | 11 |
| Profit before tax | 8 | 7 | 12 | 16 |
| Tax % | 43% | 27% | 31% | 18% |
| 4 | 5 | 8 | 13 | |
| EPS in Rs | 7.86 | 9.38 | 14.65 | 19.09 |
| Dividend Payout % | 13% | 11% | 10% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| TTM: | 0% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 72% |
| TTM: | 61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 46% |
| 5 Years: | 59% |
| 3 Years: | 51% |
| 1 Year: | 324% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 18% |
| Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 7 |
| Reserves | 24 | 29 | 37 | 104 |
| 75 | 81 | 82 | 68 | |
| 60 | 59 | 66 | 58 | |
| Total Liabilities | 165 | 175 | 190 | 238 |
| 59 | 60 | 64 | 70 | |
| CWIP | 0 | 1 | 1 | 1 |
| Investments | 1 | 1 | 0 | 0 |
| 105 | 114 | 125 | 166 | |
| Total Assets | 165 | 175 | 190 | 238 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| -0 | 14 | 28 | 15 | |
| -30 | -8 | -16 | -48 | |
| 31 | -2 | -5 | 28 | |
| Net Cash Flow | 1 | 4 | 6 | -4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 69 | 66 | 64 | 68 |
| Inventory Days | 113 | 93 | 88 | 101 |
| Days Payable | 118 | 98 | 100 | 101 |
| Cash Conversion Cycle | 65 | 62 | 52 | 68 |
| Working Capital Days | 69 | 62 | 56 | 73 |
| ROCE % | 12% | 15% |
Documents
Announcements
- Intimation Of New ISIN 28 Jun
- Closure of Trading Window 28 Jun
- Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Intimation Regarding Purchased A Commercial Property. 20 Jun
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 Jun
- Fixation Of Record Date For Sub-Division/ Split Of The Equity Shares Of The Company 11 Jun
Annual reports
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Financial Year 2023
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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May 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jul 2021TranscriptNotesPPT
Product Portfolio
The Company's product portfolio includes Gear Shifters, Control Cables, Flexible Shafts, Jack Kits, Parking Brake Assemblies, Winches, and Pedal Boxes. [1] Pioneers in the industry, India’s first Control Cables manufacturers. The company has fitted >1,50,00,000 cables across all segments.[2]