Remsons Industries Ltd.

NSE: REMSONSIND BSE: 530919 SECTOR: Auto Ancillary  12k   76   5

249.85
+0.70 (0.28%)
NSE: 26 May 03:51 PM

Price Summary

Today's High

₹ 253.35

Today's Low

₹ 244.95

52 Week High

₹ 302

52 Week Low

₹ 182

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

142.75 Cr.

Enterprise Value

200.53 Cr.

No. of Shares

0.57 Cr.

P/E

18.55

P/B

3.59

Face Value

₹ 10

Div. Yield

0.4 %

Book Value (TTM)

₹  69.69

CASH

0.85 Cr.

DEBT

58.63 Cr.

Promoter Holding

75 %

EPS (TTM)

₹  13.47

Sales Growth

14.22%

ROE

10.75 %

ROCE

12.06%

Profit Growth

-46.69 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year14.22%
3 Year14.34%
5 Year13.5%

Profit Growth

1 Year-46.69%
3 Year1.02%
5 Year45.55%

ROE%

1 Year10.75%
3 Year19.14%
5 Year18.68%

ROCE %

1 Year12.06%
3 Year16.39%
5 Year15.86%

Debt/Equity

1.6942

Price to Cash Flow

31.87

Interest Cover Ratio

1.99125514403292

CFO/PAT (5 Yr. Avg.)

1.37615648366543

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 75 0
Dec 2022 75 0
Sep 2022 75 0
Jun 2022 75 0
Mar 2022 75 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has an efficient Cash Conversion Cycle of 25.4093974861292 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.37615648366543.
  • The company has a high promoter holding of 75%.

 Limitations

  • The company has shown a poor profit growth of 1.02195600299204% for the Past 3 years.
  • The company has shown a poor revenue growth of 14.337826094154% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
Net Sales 64.78 61.86 64.8 70.26 65.76
Total Expenditure 59.22 57.16 60.8 64.76 60.07
Operating Profit 5.56 4.69 4 5.51 5.69
Other Income 0.15 0.63 0.05 0.07 0.9
Interest 1.23 1.32 1.17 1.25 1.42
Depreciation 1.43 1.45 1.39 1.51 1.63
Exceptional Items 0 0 0 0 0
Profit Before Tax 3.05 2.54 1.49 2.81 3.54
Tax 1.05 0.64 0.4 0.78 0.87
Profit After Tax 2 1.9 1.09 2.03 2.67
Adjusted EPS (Rs) 3.51 3.33 1.91 3.56 4.67

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 128.13 149.38 159.18 195.48 223.28
Total Expenditure 120.25 140.6 147.76 185.51 209.26
Operating Profit 7.88 8.77 11.42 9.97 14.03
Other Income 1.74 0.8 1.7 1.95 1.16
Interest 2.55 2.18 2.52 3.11 5.25
Depreciation 2.52 2.49 3.19 3.28 5.48
Exceptional Items 0 0 0 3.3 0.74
Profit Before Tax 4.55 4.9 7.41 8.82 5.2
Tax 1.11 1.46 2.08 2.17 1.65
Net Profit 3.45 3.44 5.34 6.66 3.55
Adjusted EPS (Rs.) 6.03 6.02 9.34 11.65 6.21

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 5.71 5.71 5.71 5.71 5.71
Total Reserves 13.84 16.03 19.03 25.68 28.89
Borrowings 8.24 7.87 7.53 20.56 18.06
Other N/C liabilities 0.42 0.87 1.57 9.32 7.87
Current liabilities 41.48 49.73 50.78 77.4 84.29
Total Liabilities 69.7 80.21 84.63 138.67 144.82
Assets
Net Block 21.85 23 23.54 33.94 36.2
Capital WIP 0.05 0.14 0.08 0.35 0.54
Intangible WIP 0.42 0 0 0.14 0
Investments 0.17 0.11 0.1 5.09 19.1
Loans & Advances 0.8 0.89 1.09 19.68 4.69
Other N/C Assets 0 0 0 0.33 0.06
Current Assets 46.4 56.07 59.81 79.14 84.23
Total Assets 69.7 80.21 84.63 138.67 144.82
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 4.6 4.91 7.42 8.88 5.32
Adjustment 4.41 4.69 3.4 1.86 9.2
Changes in Assets & Liabilities -4.69 -0.2 -4.55 0.02 -8.06
Tax Paid -0.5 -1.39 -1.07 -1.39 -1.98
Operating Cash Flow 3.81 8 5.19 9.38 4.48
Investing Cash Flow -2.5 -3.69 -2.45 -26.23 -6.97
Financing Cash Flow -0.58 -4.89 -1.76 15.73 3.02
Net Cash Flow 0.72 -0.57 0.98 -1.13 0.53

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 75.00 75.00 75.00 75.00 75.00
chand kejriwal 29.90 29.90 - - -
chand krishna kejr... - - 29.90 29.90 29.90
krishna radhakrish... - - 27.65 27.65 27.65
krishna kejriwal 27.65 27.65 - - -
rahul kejriwal 5.37 5.37 - - -
rahul krishna kej... - - 5.37 - -
rahul krishna kejr... - - - 5.37 -
rahu krishna kejri... - - - - 5.37
shivani kejriwal 5.31 5.31 - - -
shivani rahul kejr... - - 5.31 5.31 5.31
krishna r kejriwal - - - - -
krishna r kejriwal... 4.67 4.67 - 4.67 4.67
krishna kejriwal h... - - 4.67 - -
goodluck electroni... 1.07 1.07 1.07 1.07 1.07
remsons cables ind... - 1.00 1.00 - 1.00
remsons cable indu... 1.00 - - 1.00 -
ranee khatkhate 0.02 0.02 - - -
ranee siddharth kh... - - 0.02 0.02 0.02
rahul kejriwal huf 0.01 0.01 0.01 0.01 0.01
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 25.00 25.00 25.00 25.00 25.00
krish automotive s... 8.25 8.25 7.62 7.62 7.62
dhwaja shares & se... 1.76 1.95 2.10 2.67 2.96
sangeetha s 1.06 1.06 1.06 1.06 1.06
sagar vinaychandra... - - - - -
llp - - 0.02 0.02 0.02

Annual Reports

Ratings & Research Reports

Company Presentations

  • PresentationQ4FY21 29 Jul 2021
  • PresentationQ1FY22 25 Aug 2021
  • PresentationQ2FY22 23 Nov 2021

Company News

Remsons Industries informs about compliance certificates17 Apr 2023, 12:37PM Remsons Industries informs about change of name of step down subsidiary company 23 Mar 2023, 4:03PM Remsons Inds - Quaterly Results3 Feb 2023, 5:13PM Remsons Inds - Quaterly Results3 Feb 2023, 5:13PM Remsons Inds - Quaterly Results3 Feb 2023, 5:13PM Remsons Industries informs about board meeting intimation28 Jan 2023, 2:53PM Remsons Industries informs about credit rating 2 Jan 2023, 11:28AM Remsons Industries informs about disclosure of related party transactions 28 Nov 2022, 5:01PM Remsons Industries informs about loss of share certificates26 Jul 2022, 5:04PM Remsons Industries informs about investors meet18 Jul 2022, 12:49PM Remsons Industries informs about investor presentation1 Jun 2022, 4:56PM Remsons Industries informs about outcome of board meeting 20 Apr 2022, 2:39PM Remsons Industries informs about compliance certificate 13 Apr 2022, 5:09PM Remsons Industries informs about certificate14 Jan 2022, 11:17AM Remsons Industries informs about 49th AGM8 Sep 2021, 4:08PM Remsons Industries informs about investor presentation2 Jul 2021, 5:09PM Remsons Industries planning to temporarily shut down Gurugram plant 29 Apr 2021, 10:47AM Remsons Industries transfers entire holding in Remsons UK 11 Mar 2021, 9:42AM Remsons Industries informs about confirmation certificate13 Jan 2021, 1:17PM Remsons Industries incorporates wholly owned subsidiary11 Nov 2020, 12:28PM Remsons completes acquisition of Magal Cables23 Oct 2020, 9:30AM Remsons Industries signs definitive agreements to acquire assets of Magal Cables, stakes of Woolford Properties22 Oct 2020, 3:41PM Remsons Industries informs about AGM proceedings30 Sep 2020, 4:58PM Remsons Industries enters into agreement to acquire business of Magal Cables8 Sep 2020, 10:53AM Remsons Industries informs about company updates8 Sep 2020, 10:29AM Remsons Industries incorporates step down wholly owned subsidiary28 Aug 2020, 10:50AM Remsons Industries incorporates WOS company27 Aug 2020, 10:59AM Remsons Industries informs about resignation of CFO30 Jun 2020, 12:22PM

Remsons Inds Stock Price Analysis and Quick Research Report. Is Remsons Inds an attractive stock to invest in?

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The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Remsons Inds is performing and if it is the right time to buy the stock of Remsons Inds with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Remsons Inds has reported decent sales growth of 14.2236541493544 % and in the latest quarter sales was Rs 65.76 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 6.29034739027668 times for Remsons Inds . It is managing its inventory poorly .
     
  • The company reported Profit loss of -46.6861993839681 % over the year, where the latest year profit is Rs 3.5483 Cr compared to the previous year of Rs 6.6555 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs 5.688 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Remsons Inds has a average ROE of 10.7533529410873 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Remsons Inds has a low Debt to Equity ratio of 1.6942.
     
  • Remsons Inds pays a dividend of 1 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 0.4049 %.
     
  • The share of promoter in the company is high at 75 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Remsons Inds is 18.5460105849954 compared to the 5 year average PE of 14.6987414557908 .
Brief about Remsons Inds

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