Remsons Industries Ltd

Remsons Industries Ltd

₹ 919 0.09%
14 Jun - close price
About

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]

Key Points

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]

  • Market Cap 641 Cr.
  • Current Price 919
  • High / Low 1,105 / 219
  • Stock P/E 70.2
  • Book Value 151
  • Dividend Yield 0.16 %
  • ROCE 13.6 %
  • ROE 12.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 19.6% CAGR over last 5 years

Cons

  • Stock is trading at 6.07 times its book value
  • Promoter holding has decreased over last quarter: -9.70%
  • The company has delivered a poor sales growth of 11.5% over past five years.
  • Company has a low return on equity of 13.9% over last 3 years.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
60.40 35.23 61.42 64.78 61.86 64.80 70.26 65.76 63.14 59.92 62.25 70.33 64.47
55.79 35.29 57.59 59.23 57.17 60.80 64.75 60.06 58.06 55.13 56.05 62.97 59.64
Operating Profit 4.61 -0.06 3.83 5.55 4.69 4.00 5.51 5.70 5.08 4.79 6.20 7.36 4.83
OPM % 7.63% -0.17% 6.24% 8.57% 7.58% 6.17% 7.84% 8.67% 8.05% 7.99% 9.96% 10.46% 7.49%
3.93 0.86 0.27 0.15 0.63 0.05 0.06 0.90 0.68 0.40 0.22 0.68 0.81
Interest 1.13 1.32 1.37 1.23 1.32 1.17 1.25 1.42 1.37 1.56 1.46 1.32 1.21
Depreciation 0.93 1.25 1.35 1.43 1.45 1.39 1.51 1.63 1.66 1.79 2.02 1.88 2.11
Profit before tax 6.48 -1.77 1.38 3.04 2.55 1.49 2.81 3.55 2.73 1.84 2.94 4.84 2.32
Tax % 24.54% 20.90% 24.64% 34.21% 25.49% 26.85% 27.76% 24.79% 28.21% 31.52% 25.51% 24.38% 25.43%
4.89 -1.41 1.05 2.00 1.90 1.09 2.03 2.67 1.96 1.25 2.20 3.67 1.73
EPS in Rs 8.56 -2.47 1.84 3.50 3.33 1.91 3.55 4.67 3.43 2.19 3.85 6.42 2.48
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
102 105 109 112 119 128 149 159 195 223 264 257
97 99 105 107 116 120 140 148 186 209 243 234
Operating Profit 5 6 4 5 3 8 9 11 10 14 20 23
OPM % 5% 6% 4% 4% 2% 6% 6% 7% 5% 6% 8% 9%
0 1 0 1 1 1 0 2 5 2 1 2
Interest 3 2 2 3 2 3 2 3 3 5 5 6
Depreciation 2 2 2 2 2 3 2 3 3 5 6 8
Profit before tax 1 2 0 1 -1 5 5 7 9 5 11 12
Tax % 42% 33% 67% 25% 46% 24% 30% 28% 25% 32% 27% 26%
0 1 0 0 -1 3 3 5 7 4 8 9
EPS in Rs 0.68 2.61 0.07 0.79 -1.37 6.04 6.02 9.35 11.66 6.21 13.58 12.69
Dividend Payout % 0% 0% 0% 0% 0% 22% 25% 16% 9% 16% 11% 12%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 10%
TTM: -3%
Compounded Profit Growth
10 Years: 20%
5 Years: 20%
3 Years: 29%
TTM: 16%
Stock Price CAGR
10 Years: 47%
5 Years: 57%
3 Years: 65%
1 Year: 271%
Return on Equity
10 Years: 13%
5 Years: 15%
3 Years: 14%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 6 6 6 6 6 6 6 6 6 6 6 7
Reserves 10 11 11 11 10 14 16 19 26 29 36 99
25 22 27 28 27 29 27 30 57 66 65 50
13 15 15 19 16 21 32 30 50 44 49 45
Total Liabilities 54 54 59 64 60 70 80 85 139 145 155 201
20 21 20 21 22 22 23 24 34 36 39 48
CWIP 0 0 0 0 0 0 0 0 0 1 1 1
Investments 0 0 0 0 0 0 0 0 6 20 19 19
34 33 38 42 37 47 57 61 99 88 96 133
Total Assets 54 54 59 64 60 70 80 85 139 145 155 201

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6 8 1 5 6 4 8 5 9 4 13 19
-1 -2 -3 -4 -3 -2 -4 -2 -26 -7 -7 -48
-5 -6 3 -2 -3 -1 -5 -2 16 3 -7 29
Net Cash Flow -1 0 0 -0 -0 1 -1 1 -1 1 -1 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 63 58 65 69 51 57 65 51 61 61 62 58
Inventory Days 72 77 84 94 86 106 105 125 96 84 76 87
Days Payable 51 56 57 74 66 85 110 94 111 86 81 89
Cash Conversion Cycle 83 80 91 89 70 77 60 82 46 59 57 56
Working Capital Days 70 67 75 76 60 68 60 68 57 67 60 66
ROCE % 8% 11% 5% 8% 2% 16% 16% 19% 12% 10% 15%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 65.29%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.93%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.21%
25.00% 25.00% 25.00% 25.00% 25.00% 25.01% 25.00% 25.00% 25.01% 24.99% 25.01% 31.55%
No. of Shareholders 2,4482,7622,4862,4552,5912,7752,5922,5702,9423,3213,2164,276

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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