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 ₹ 630 Cr.
- Current Price ₹ 942
- High / Low ₹ 1,105 / 197
- Stock P/E 67.2
- Book Value ₹ 77.9
- Dividend Yield 0.16 %
- ROCE 15.4 %
- ROE 20.7 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 12.1 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 108 | 102 | 105 | 109 | 112 | 119 | 128 | 149 | 159 | 195 | 223 | 264 | 256 | |
| 99 | 97 | 99 | 105 | 107 | 116 | 120 | 140 | 148 | 186 | 209 | 243 | 232 | |
| Operating Profit | 9 | 5 | 6 | 4 | 5 | 3 | 8 | 9 | 11 | 10 | 14 | 20 | 23 |
| OPM % | 9% | 5% | 6% | 4% | 4% | 2% | 6% | 6% | 7% | 5% | 6% | 8% | 9% |
| 0 | 0 | 1 | 0 | 1 | 1 | 1 | 0 | 2 | 5 | 2 | 1 | 2 | |
| Interest | 3 | 3 | 2 | 2 | 3 | 2 | 3 | 2 | 3 | 3 | 5 | 5 | 6 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 3 | 5 | 6 | 7 |
| Profit before tax | 5 | 1 | 2 | 0 | 1 | -1 | 5 | 5 | 7 | 9 | 5 | 11 | 12 |
| Tax % | 30% | 42% | 33% | 67% | 25% | 46% | 24% | 30% | 28% | 25% | 32% | 27% | |
| 3 | 0 | 1 | 0 | 0 | -1 | 3 | 3 | 5 | 7 | 4 | 8 | 9 | |
| EPS in Rs | 5.71 | 0.68 | 2.61 | 0.07 | 0.79 | -1.37 | 6.04 | 6.02 | 9.35 | 11.66 | 6.21 | 13.58 | 15.89 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | 22% | 25% | 16% | 9% | 16% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 16% |
| 3 Years: | 18% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 35% |
| 5 Years: | 18% |
| 3 Years: | 14% |
| TTM: | 22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 46% |
| 5 Years: | 60% |
| 3 Years: | 82% |
| 1 Year: | 321% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 17% |
| 3 Years: | 15% |
| Last Year: | 21% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves | 9 | 10 | 11 | 11 | 11 | 10 | 14 | 16 | 19 | 26 | 29 | 36 | 39 |
| 28 | 25 | 22 | 27 | 28 | 27 | 29 | 27 | 30 | 57 | 66 | 65 | 63 | |
| 17 | 13 | 15 | 15 | 19 | 16 | 21 | 32 | 30 | 50 | 44 | 49 | 53 | |
| Total Liabilities | 60 | 54 | 54 | 59 | 64 | 60 | 70 | 80 | 85 | 139 | 145 | 155 | 161 |
| 21 | 20 | 21 | 20 | 21 | 22 | 22 | 23 | 24 | 34 | 36 | 39 | 44 | |
| CWIP | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 20 | 19 | 19 |
| 38 | 34 | 33 | 38 | 42 | 37 | 47 | 57 | 61 | 99 | 88 | 96 | 96 | |
| Total Assets | 60 | 54 | 54 | 59 | 64 | 60 | 70 | 80 | 85 | 139 | 145 | 155 | 161 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 6 | 8 | 1 | 5 | 6 | 4 | 8 | 5 | 9 | 4 | 13 | |
| -4 | -1 | -2 | -3 | -4 | -3 | -2 | -4 | -2 | -26 | -7 | -7 | |
| 3 | -5 | -6 | 3 | -2 | -3 | -1 | -5 | -2 | 16 | 3 | -7 | |
| Net Cash Flow | 1 | -1 | 0 | 0 | -0 | -0 | 1 | -1 | 1 | -1 | 1 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63 | 63 | 58 | 65 | 69 | 51 | 57 | 65 | 51 | 61 | 61 | 62 |
| Inventory Days | 87 | 72 | 77 | 84 | 94 | 86 | 106 | 105 | 125 | 96 | 84 | 76 |
| Days Payable | 72 | 51 | 56 | 57 | 74 | 66 | 85 | 110 | 94 | 111 | 86 | 81 |
| Cash Conversion Cycle | 77 | 83 | 80 | 91 | 89 | 70 | 77 | 60 | 82 | 46 | 59 | 57 |
| Working Capital Days | 67 | 70 | 67 | 75 | 76 | 60 | 68 | 60 | 68 | 57 | 67 | 60 |
| ROCE % | 20% | 8% | 11% | 5% | 8% | 2% | 16% | 16% | 19% | 12% | 10% | 15% |
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 17 Apr
- Certificate Required Under Regulation 40(9) Of The Listing Regulations Issued By M/S. M Baldeva Associates, Company Secretaries, Mumbai, For The Financial Year Ended 31St March, 2024 17 Apr
- Compliance Certificate Duly Signed By The Compliance Officer Of The Company And Authorized Representative Of The Registrar And Share Transfer Agent Of The Company For The Financial Year Ended 31St March, 2024 17 Apr
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 16 Apr
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 16 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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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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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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May 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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Jun 2022TranscriptNotesPPT
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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]