Remsons Industries Ltd

About

Remsons Industries Limited is engaged in the manufacturing and designing of auto control cables and gear shifters.

  • Market Cap 47.9 Cr.
  • Current Price 83.9
  • High / Low 119 / 41.0
  • Stock P/E 21.5
  • Book Value 43.3
  • Dividend Yield 1.79 %
  • ROCE 19.0 %
  • ROE 22.7 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 20.82%

Cons

  • The company has delivered a poor growth of 7.94% over past five years.
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Quarterly Results

Figures in Rs. Crores

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
31.57 33.51 36.04 34.63 39.62 38.15 36.99 36.02 40.98 46.66 35.52 13.14
30.13 31.35 32.88 32.47 36.83 36.02 35.25 33.59 37.40 43.01 33.76 14.97
Operating Profit 1.44 2.16 3.16 2.16 2.79 2.13 1.74 2.43 3.58 3.65 1.76 -1.83
OPM % 4.56% 6.45% 8.77% 6.24% 7.04% 5.58% 4.70% 6.75% 8.74% 7.82% 4.95% -13.93%
Other Income 0.36 0.20 0.91 0.21 0.37 -0.12 0.29 0.31 0.13 0.54 0.72 0.04
Interest 0.71 0.59 0.58 0.61 0.67 0.36 0.54 0.71 0.61 0.64 0.56 0.57
Depreciation 0.63 0.64 0.62 0.56 0.61 0.59 0.74 0.79 0.77 0.81 0.82 0.71
Profit before tax 0.46 1.13 2.87 1.20 1.88 1.06 0.75 1.24 2.33 2.74 1.10 -3.07
Tax % 71.74% 39.82% 12.20% 29.17% 30.32% 29.25% 33.33% 29.03% 29.61% 25.18% 30.91% 27.69%
Net Profit 0.13 0.69 2.53 0.86 1.31 0.76 0.51 0.88 1.64 2.05 0.77 -2.23
EPS in Rs 0.23 1.21 4.43 1.51 2.29 1.33 0.89 1.54 2.87 3.59 1.35 -3.90
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
53 65 90 108 102 105 109 112 119 128 149 159 136
53 61 84 99 97 99 105 107 116 120 140 148 129
Operating Profit -0 5 6 9 5 6 4 5 3 8 9 11 7
OPM % -1% 7% 7% 9% 5% 6% 4% 4% 2% 6% 6% 7% 5%
Other Income 6 1 1 0 0 1 0 1 1 2 0 2 1
Interest 1 1 1 3 3 2 2 3 2 3 2 3 2
Depreciation 2 2 2 2 2 2 2 2 2 3 2 3 3
Profit before tax 3 4 4 5 1 2 0 1 -1 5 5 7 3
Tax % 59% 53% 17% 30% 42% 33% 67% 25% 46% 24% 30% 28%
Net Profit 1 2 3 3 0 1 0 0 -1 3 3 5 2
EPS in Rs 1.98 2.92 5.95 5.71 0.68 2.61 0.07 0.79 -1.37 6.04 6.02 9.35 3.91
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 22% 25% 16%
Compounded Sales Growth
10 Years:9%
5 Years:8%
3 Years:10%
TTM:-10%
Compounded Profit Growth
10 Years:12%
5 Years:166%
3 Years:102%
TTM:-36%
Stock Price CAGR
10 Years:13%
5 Years:13%
3 Years:2%
1 Year:-3%
Return on Equity
10 Years:12%
5 Years:13%
3 Years:20%
Last Year:23%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
6 6 6 6 6 6 6 6 6 6 6 6
Reserves 1 3 6 9 10 11 11 11 10 14 16 19
Borrowings 17 17 22 28 25 22 27 28 27 29 27 30
10 12 21 17 13 15 15 19 16 21 32 30
Total Liabilities 34 37 54 60 54 54 59 64 60 70 80 85
14 14 16 21 20 21 20 21 22 22 23 24
CWIP 0 0 3 0 0 0 0 0 0 0 0 0
Investments 1 0 0 0 0 0 0 0 0 0 0 0
20 23 34 38 34 33 38 42 37 47 57 61
Total Assets 34 37 54 60 54 54 59 64 60 70 80 85

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-2 3 3 1 6 8 1 5 6 4 8 5
3 -2 -7 -4 -1 -2 -3 -4 -3 -2 -4 -2
-3 -1 4 3 -5 -6 3 -2 -3 -1 -5 -2
Net Cash Flow -1 -0 0 1 -1 0 0 -0 -0 1 -1 1

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 2% 18% 18% 20% 8% 11% 5% 8% 2% 16% 16% 19%
Debtor Days 70 74 74 63 63 58 65 69 51 57 65 51
Inventory Turnover 4.92 5.57 5.84 4.86 4.69 5.07 4.78 4.25 4.50 4.00 3.88 3.31

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00
25.00 25.00 25.00 25.00 25.00 25.00 25.00 25.00 24.98 25.00 25.00 25.00

Documents