Remsons Inds

₹972.5 10.8 | 1.1%

WEBSITE BSE:530919 NSE : REMSONS IND. 18 May, 12:50

Market Cap ₹678 Cr.

Stock P/E 51.8

P/B 6.1

Current Price ₹972.5

Book Value ₹ 158.1

Face Value 10

52W High ₹1105

Dividend Yield 0.15%

52W Low ₹ 219.2

Edit Ratio

Remsons Inds Research see more...

Overview Inc. Year: 1971Industry: Auto Ancillary

Remsons Industries Ltd is a renowned industrial conglomerate with a global footprint, specializing in precision engineering and manufacturing solutions. With a rich legacy spanning several decades, the company has consistently upheld a reputation for innovation, quality, and customer-centricity. Remsons Industries excels in the production of high-precision automotive components, power transmission products, and custom-engineered solutions for diverse sectors. Its state-of-the-art facilities, advanced R&D capabilities, and commitment to sustainable practices have propelled it to a leadership position in the industry. Embracing technological advancements, Remsons Industries remains dedicated to delivering cutting-edge solutions that cater to evolving market needs while maintaining a strong focus on excellence, reliability, and long-term partnerships.

Remsons Inds Share Price

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Peer Comparison

Remsons Inds Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	75	80	80	80	81	76	76	73	76	82
Other Income	-0	0	-0	0	0	1	1	0	0	1
Total Income	75	81	79	80	81	76	77	73	77	83
Total Expenditure	70	74	71	73	76	69	69	66	68	74
Operating Profit	5	6	8	7	5	7	8	7	8	9
Interest	2	1	2	1	1	2	1	2	2	2
Depreciation	2	2	3	2	2	2	3	3	3	3
Exceptional Income / Expenses	1	0	0	0	0	0	0	0	0	-0
Profit Before Tax	2	3	4	3	2	3	4	3	4	5
Provision for Tax	0	1	1	1	1	1	2	1	1	1
Profit After Tax	2	2	3	3	1	2	3	2	3	3
Adjustments	0	0	0	0	0	0	0	-0	-0	0
Profit After Adjustments	2	2	3	3	1	2	3	2	3	3
Adjusted Earnings Per Share	3.6	3.4	5.1	4.6	2	3.6	4.5	3.4	4.9	6

Remsons Inds Profit & Loss

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	226	286	313	307
Other Income	2	1	2	2
Total Income	229	287	314	310
Total Expenditure	216	266	287	277
Operating Profit	13	21	28	32
Interest	4	6	6	7
Depreciation	4	8	9	12
Exceptional Income / Expenses	3	1	0	0
Profit Before Tax	8	7	12	16
Provision for Tax	3	2	4	5
Profit After Tax	4	5	8	11
Adjustments	0	0	0	0
Profit After Adjustments	4	5	8	11
Adjusted Earnings Per Share	7.9	9.4	14.6	18.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	9%	0%	0%	0%
Operating Profit CAGR	33%	0%	0%	0%
PAT CAGR	60%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	268%	82%	63%	52%
ROE Average	22%	18%	18%	18%
ROCE Average	16%	14%	14%	14%

Remsons Inds Balance Sheet

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	30	35	42
Minority's Interest	0	0	0
Borrowings	34	29	32
Other Non-Current Liabilities	13	11	9
Total Current Liabilities	88	100	107
Total Liabilities	165	175	190
Fixed Assets	44	45	49
Other Non-Current Assets	20	20	19
Total Current Assets	101	110	123
Total Assets	165	175	190

Remsons Inds Cash Flow

#(Fig in Cr.)	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	2	6
Cash Flow from Operating Activities	-0	14	28
Cash Flow from Investing Activities	-30	-8	-16
Cash Flow from Financing Activities	31	-2	-5
Net Cash Inflow / Outflow	1	4	6
Closing Cash & Cash Equivalent	2	6	12

Remsons Inds Ratios

#	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	7.85	9.39	14.65
CEPS(Rs)	15.56	23.27	30.65
DPS(Rs)	1	1	1.5
Book NAV/Share(Rs)	52.02	60.44	73.98
Core EBITDA Margin(%)	4.49	7.06	8.26
EBIT Margin(%)	5.07	4.81	5.88
Pre Tax Margin(%)	3.5	2.56	3.85
PAT Margin (%)	1.98	1.87	2.68
Cash Profit Margin (%)	3.93	4.64	5.6
ROA(%)	2.71	3.15	4.58
ROE(%)	15.09	16.69	21.8
ROCE(%)	12.15	13.7	16.27
Receivable days	68.96	60.43	62.32
Inventory Days	76.12	59.45	54.49
Payable days	117.86	98.3	95.12
PER(x)	17.96	19.45	13.27
Price/Book(x)	2.71	3.02	2.63
Dividend Yield(%)	0.71	0.55	0.77
EV/Net Sales(x)	0.63	0.59	0.55
EV/Core EBITDA(x)	11.37	8.12	6.27
Net Sales Growth(%)	0	26.66	9.2
EBIT Growth(%)	0	20.19	33.51
PAT Growth(%)	0	19.56	56.09
EPS Growth(%)	0	19.56	56.09
Debt/Equity(x)	2.17	2.09	1.82
Current Ratio(x)	1.14	1.1	1.15
Quick Ratio(x)	0.61	0.64	0.71
Interest Cover(x)	3.24	2.14	2.9
Total Debt/Mcap(x)	0.8	0.69	0.69

Remsons Inds Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	75	75	75	75	75	75	75	75	75	65.3
FII	0	0	0	0	0	0	0	0	0	2.93
DII	0	0	0	0	0	0	0	0	0	0.22
Public	25	25	25	25	25	25	25	25	25	31.56
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.43	0.43	0.43	0.43	0.43	0.43	0.43	0.43	0.43	0.46
FII	0	0	0	0	0	0	0	0	0	0.02
DII	0	0	0	0	0	0	0	0	0	0
Public	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.22
Others	0	0	0	0	0	0	0	0	0	0
Total	0.57	0.57	0.57	0.57	0.57	0.57	0.57	0.57	0.57	0.7

Pros

Debtor days have improved from 98.3 to 95.12days.

Cons

Stock is trading at 6.1 times its book value.

* 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.