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

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 .