Remsons Inds
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Remsons Inds share price

Remsons Industries Ltd.

NSE: REMSONSIND BSE: 530919 SECTOR: Auto Ancillary  34k   95   5

180.00
+1.75 (0.98%)
BSE: 08 Nov 04:01 PM

Price Summary

Today's High

₹ 181.35

Today's Low

₹ 174

52 Week High

₹ 234.95

52 Week Low

₹ 91.2

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

₹ 627.82 Cr.

Enterprise Value

₹ 629.59 Cr.

No. of Shares

3.49 Cr.

P/E

63.6

P/B

5.82

Face Value

₹ 2

Div. Yield

0.17 %

Book Value (TTM)

₹  30.95

CASH

₹ 41.09 Cr.

DEBT

₹ 42.87 Cr.

Promoter Holding

65.3 %

EPS (TTM)

₹  2.83

Sales Growth

-2.65%

ROE

12.01 %

ROCE

14.02%

Profit Growth

14.11 %

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* 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.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* 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 Year-2.65%
3 Year9.55%
5 Year11.46%

Profit Growth

1 Year14.11%
3 Year9.96%
5 Year20.79%

ROE%

1 Year12.01%
3 Year14.36%
5 Year17.95%

ROCE %

1 Year14.02%
3 Year14.1%
5 Year15.88%

Debt/Equity

0.4057

Price to Cash Flow

33.63

Interest Cover Ratio

3.1512

CFO/PAT (5 Yr. Avg.)

1.5743238619042

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 65.30 0.00
Jun 2024 65.30 0.00
Mar 2024 65.30 0.00
Dec 2023 75.00 0.00
Sep 2023 75.00 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has an efficient Cash Conversion Cycle of 26.2375 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.5743238619042.
  • The company has a high promoter holding of 65.3%.

 Limitations

  • The company has shown a poor profit growth of 9.96409965875238% for the Past 3 years.
  • The company has shown a poor revenue growth of 9.54510892582905% for the Past 3 years.
  • The company is trading at a high PE of 63.6.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Net Sales 59.92 62.26 70.33 64.47 61.32
Total Expenditure 55.13 56.04 62.97 59.64 56.7
Operating Profit 4.78 6.21 7.36 4.84 4.63
Other Income 0.4 0.22 1.09 0.79 0.72
Interest 1.56 1.46 1.33 1.21 1.07
Depreciation 1.79 2.02 1.88 2.11 2.09
Exceptional Items 0 0 -0.41 0.02 0.9
Profit Before Tax 1.84 2.95 4.84 2.33 3.09
Tax 0.58 0.75 1.17 0.59 0.82
Profit After Tax 1.25 2.2 3.67 1.73 2.27
Adjusted EPS (Rs) 0.44 0.77 1.28 0.5 0.13

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

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 159.18 195.48 223.28 263.96 256.97
Total Expenditure 147.76 185.51 209.26 243.7 233.78
Operating Profit 11.42 9.97 14.03 20.27 23.19
Other Income 1.7 1.95 1.16 1.7 2.49
Interest 2.52 3.11 5.25 5.2 5.55
Depreciation 3.19 3.28 5.48 6.19 7.8
Exceptional Items 0 3.3 0.74 0 -0.38
Profit Before Tax 7.41 8.82 5.2 10.58 11.95
Tax 2.08 2.17 1.65 2.82 3.1
Net Profit 5.34 6.66 3.55 7.76 8.85
Adjusted EPS (Rs.) 1.87 2.33 1.24 2.71 0.51

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 5.71 5.71 5.71 5.71 6.98
Total Reserves 19.03 25.68 28.89 35.99 98.69
Borrowings 7.53 20.56 18.06 15.43 0.88
Other N/C liabilities 1.57 9.32 7.87 5.61 6.09
Current liabilities 50.78 77.4 84.29 92.5 88.66
Total Liabilities 84.63 138.67 144.82 155.24 201.3
Assets
Net Block 23.54 33.94 36.2 39.18 47.44
Capital WIP 0.08 0.35 0.54 0.85 1.48
Intangible WIP 0 0.14 0 0 0.12
Investments 0.03 5.09 19.1 19.1 19.1
Loans & Advances 1.09 19.68 4.69 2.32 2.71
Other N/C Assets 0.07 0.33 0.06 0.06 0.06
Current Assets 59.81 79.14 84.23 93.73 130.4
Total Assets 84.63 138.67 144.82 155.24 201.3
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 7.42 8.88 5.32 10.58 11.95
Adjustment 3.4 1.86 9.2 10.34 12.46
Changes in Assets & Liabilities -4.55 0.02 -8.06 -5.52 -1.22
Tax Paid -1.07 -1.39 -1.98 -2.51 -4.51
Operating Cash Flow 5.19 9.38 4.48 12.89 18.67
Investing Cash Flow -2.45 -26.23 -6.97 -6.87 -47.71
Financing Cash Flow -1.76 15.73 3.02 -6.59 29.43
Net Cash Flow 0.98 -1.13 0.53 -0.58 0.39

Corporate Actions

Investors Details

PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
promoters 75.00 75.00 65.30 65.30 65.30
chand kejriwal - 29.90 25.48 - 25.48
goodluck electronics priv... 1.07 1.07 2.78 2.78 2.78
krishna kejriwal - 27.65 23.62 - 23.62
krishna r kejriwal - - - - 3.82
rahul kejriwal - 5.37 4.40 - 4.41
ranee khatkhate 0.02 0.02 0.02 - 0.02
remsons cables industries... 1.00 1.00 - 0.82 0.82
shivani kejriwal - 5.31 4.35 - 4.35
chand krishna kejriwal 29.90 - - 25.48 -
krishna kejriwal huf - - - 3.82 -
krishna radhakrishna kejr... - - - 23.62 -
rahul krishna kejriwal 5.37 - - 4.41 -
ranee siddharth khatkhate... - - - 0.02 -
shivani rahul kejriwal 5.31 - - 4.35 -
krishna r kejriwal huf 4.67 4.67 3.82 - -
rahul kejriwal huf 0.01 0.01 0.01 - -
remsons cable industries ... - - 0.82 - -
krishna radhakrishna kej... 27.65 - - - -
PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
investors 25.00 25.00 34.70 34.70 34.70
bnp paribas financial mar... - - - - 1.73
chetan dhirajlal bhayani - - 1.05 1.05 1.05
chintan chetan bhayani - - 1.05 1.22 1.22
llp 2.37 1.71 2.02 2.17 0.99
monika garware - - - 1.51 1.51
monika garware - - 1.51 - -
krish automotive sales an... 2.63 2.45 - - -
sangeetha s 1.02 - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Remsons Industries informs about press release 22 Oct, 12:45 PM Remsons Industries’ arm acquires 51% stake in BEE Lighting 21 Oct, 2:09 PM Remsons Industries informs about closure of trading window 28 Sep, 2:41 PM Remsons Inds - Quaterly Results 14 Aug, 4:57 PM Remsons Inds - Quaterly Results 14 Aug, 4:57 PM Remsons Industries informs about disclosure 20 Jun, 3:00 PM Remsons Industries informs about analyst meet 18 Jun, 12:49 PM Remsons Inds - Quaterly Results 28 May, 6:43 PM Remsons Industries bags order worth Rs 30 crore from Tata Motors 18 Apr, 10:51 AM Remsons Industries informs about analyst meet 20 Mar, 2:29 PM Remsons Industries informs about press release 14 Mar, 1:28 PM Remsons Industries informs about newspaper advertisement 8 Mar, 3:51 PM Remsons Industries enters into 50:50 JV with Daiichi for automotive electronics 19 Feb, 2:26 PM Remsons Inds - Quaterly Results 9 Feb, 6:42 PM Remsons Inds - Quaterly Results 9 Feb, 6:42 PM Remsons Industries informs about newspaper publication 28 Nov, 3:04 PM Remsons Industries enters into joint venture agreement with Aircom Group AG 23 Nov, 9:59 AM Remsons Industries recognised as Two Star Export House 11 Oct, 9:25 AM Remsons Industries informs about newspaper publication 24 Aug, 5:09 PM Remsons Inds - Quaterly Results 8 Aug, 5:36 PM Remsons Inds - Quaterly Results 8 Aug, 5:36 PM Remsons Inds - Quaterly Results 8 Aug, 5:36 PM Remsons Industries informs about compliance certificates 17 Apr, 12:37 PM Remsons Industries informs about change of name of step down subsidiary company 23 Mar, 4:03 PM Remsons Inds - Quaterly Results 3 Feb, 5:13 PM Remsons Inds - Quaterly Results 3 Feb, 5:13 PM Remsons Inds - Quaterly Results 3 Feb, 5:13 PM Remsons Industries informs about board meeting intimation 28 Jan, 2:53 PM Remsons Industries informs about credit rating 2 Jan, 11:28 AM Remsons Industries informs about disclosure of related party transactions 28 Nov, 5:01 PM Remsons Industries informs about loss of share certificates 26 Jul, 5:04 PM Remsons Industries informs about investors meet 18 Jul, 12:49 PM Remsons Industries informs about investor presentation 1 Jun, 4:56 PM Remsons Industries informs about outcome of board meeting 20 Apr, 2:39 PM Remsons Industries informs about compliance certificate 13 Apr, 5:09 PM Remsons Industries informs about certificate 14 Jan, 11:17 AM Remsons Industries informs about 49th AGM 8 Sep, 4:08 PM Remsons Industries informs about investor presentation 2 Jul, 5:09 PM Remsons Industries planning to temporarily shut down Gurugram plant 29 Apr, 10:47 AM Remsons Industries transfers entire holding in Remsons UK 11 Mar, 9:42 AM Remsons Industries informs about confirmation certificate 13 Jan, 1:17 PM Remsons Industries incorporates wholly owned subsidiary 11 Nov, 12:28 PM Remsons completes acquisition of Magal Cables 23 Oct, 9:30 AM Remsons Industries signs definitive agreements to acquire assets of Magal Cables, stakes of Woolford Properties 22 Oct, 3:41 PM Remsons Industries informs about AGM proceedings 30 Sep, 4:58 PM Remsons Industries enters into agreement to acquire business of Magal Cables 8 Sep, 10:53 AM Remsons Industries informs about company updates 8 Sep, 10:29 AM Remsons Industries incorporates step down wholly owned subsidiary 28 Aug, 10:50 AM Remsons Industries incorporates WOS company 27 Aug, 10:59 AM Remsons Industries informs about resignation of CFO 30 Jun, 12:22 PM

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 poor sales growth of -2.6497 % and in the latest quarter sales was Rs 61.324 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 6.6854 times for Remsons Inds . It is managing its inventory poorly .
     
  • Remsons Inds reported Profit growth of 14.1085 % over the year, where the latest year profit is Rs 8.8498 Cr compared to the previous year of Rs 7.7556 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of Remsons Inds in the latest quarter is Rs 4.626 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Remsons Inds has a average ROE of 12.0105 %. 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 0.4057.
     
  • Remsons Inds pays a dividend of 0.3 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 0.1698 %.
     
  • The share of promoter in Remsons Inds is high at 65.3 %, 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 62.2168827956609 compared to the 5 year average PE of 84.92636 .
     
  • Share Price: - The current share price of Remsons Inds is Rs 176.08. One can use valuation calculators of ticker to know if Remsons Inds share price is undervalued or overvalued.
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Brief about Remsons Inds
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