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 ₹ 566 Cr.
- Current Price ₹ 162
- High / Low ₹ 235 / 123
- Stock P/E 40.9
- Book Value ₹ 33.6
- Dividend Yield 0.18 %
- ROCE 15.4 %
- ROE 17.7 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 4.82 times its book value
- Promoter holding has decreased over last 3 years: -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 | TTM | |
|---|---|---|---|---|---|
| 226 | 286 | 313 | 312 | 331 | |
| 216 | 266 | 287 | 281 | 301 | |
| Operating Profit | 10 | 20 | 26 | 31 | 30 |
| OPM % | 4% | 7% | 8% | 10% | 9% |
| 6 | 1 | 1 | 3 | 6 | |
| Interest | 4 | 6 | 6 | 7 | 6 |
| Depreciation | 4 | 8 | 9 | 11 | 12 |
| Profit before tax | 8 | 7 | 12 | 16 | 18 |
| Tax % | 43% | 27% | 31% | 18% | |
| 4 | 5 | 8 | 13 | 14 | |
| EPS in Rs | 1.57 | 1.87 | 2.93 | 3.82 | 4.34 |
| Dividend Payout % | 13% | 11% | 10% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 72% |
| TTM: | 48% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 38% |
| 5 Years: | 63% |
| 3 Years: | 52% |
| 1 Year: | 20% |
| 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 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 7 | 7 |
| Reserves | 24 | 29 | 37 | 104 | 110 |
| 75 | 81 | 82 | 68 | 83 | |
| 60 | 59 | 66 | 58 | 77 | |
| Total Liabilities | 165 | 175 | 190 | 238 | 277 |
| 59 | 60 | 64 | 70 | 97 | |
| CWIP | 0 | 1 | 1 | 2 | 6 |
| Investments | 1 | 1 | 0 | 0 | 3 |
| 105 | 114 | 125 | 166 | 170 | |
| Total Assets | 165 | 175 | 190 | 238 | 277 |
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% | 15% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
21 Nov - Of Analyst / Investor meet under Regulation 30 of the SEBI (LODR) Regulations, 2015
- Announcement under Regulation 30 (LODR)-Investor Presentation 12 Nov
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
12 Nov - Approval of un-audited financial results for Q2 FY25.
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Board Meeting Outcome for Outcome Of The Board Meeting Held On 12Th November, 2024
12 Nov - Approved unaudited financial results for Q2 FY2024.
- Financial Results For The Quarter And Half Year Ended 30.09.2024 12 Nov
Annual reports
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Financial Year 2024
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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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Concalls
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Nov 2024TranscriptNotesPPT
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Aug 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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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]