Remsons Industries Ltd Stock Analysis

BSE: 530919 | NSE: REMSONSIND | Auto Ancillary | Small Cap

BSE Share Price 02-Dec-2022 18:01
263.85 -0.20 (-0.08%)

DeciZen - Make an Informed Decision on Remsons Inds

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Remsons Inds Price Chart

P/E Ratio (SA) :
21.44
Market Cap :
150.8 Cr.
52-wk low :
162
52-wk high :
302.9
Bole Toh?

1. Is Remsons Industries Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Remsons Industries Ltd is a average quality company.

2. Is Remsons Industries Ltd undervalued or overvalued?

The key valuation ratios of Remsons Industries Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Remsons Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Remsons Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Remsons Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Remsons Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 5.4%6.8%3.6%4.2%1%10.7%11.2%14.2%8.2%7.6%-
Value Creation Index -0.6-0.5-0.7-0.7-0.9-0.2-0.20.0-0.4-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 108112115114119128149159195223262
YoY Gr. Rt. %-3.2%3.2%-1.3%4%8.1%16.6%6.6%22.8%14.2%-
Adj EPS 0.51.8-0-0.2-25.46.89.75.85.112.3
YoY Gr. Rt. %-276.6%-101.1%NANANA25.4%42%-39.9%-12.9%-
BVPS (₹) 2729.629.129.928.334.238.143.354.960.665
Adj Net Profit 0.310-0.1-1.23.13.95.53.32.97
Cash Flow from Ops. 6.17.90.65.25.53.885.29.44.5-
Debt/CF from Ops. 4.12.843.35.34.97.53.35.75.213.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.4%13.5%14.3%14.2%
Adj EPS 30.2%NA-9.4%-12.9%
BVPS 9.416.516.810.3
Share Price 29.1% 27.3% 50.6% 12.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 1.76.3-0.1-0.8-717.418.823.811.88.819.6
Op. Profit Mgn % 55.53.542.26.76.785.16.37.6
Net Profit Mgn % 0.30.9-0-0.1-12.42.63.51.71.32.7
Debt to Equity 1.61.31.61.61.71.51.21.21.61.70.4
Working Cap Days 10898101113108116126133147152129
Cash Conv. Cycle 575759645658566049500

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 19.60%

Sales growth is growing at healthy rate in last 3 years 14.34%

Sales growth is good in last 4 quarters at 24.35%

Net Profit has been subdued in last 3 years -9.43%

Debt to equity has increased versus last 3 years average to 1.69

Latest Financials - Remsons Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 12.3 15.1
TTM Sales (₹ Cr.) 262 321
BVPS (₹.) 65 62.8
Reserves (₹ Cr.) 31 30
P/BV 4.06 4.20
PE 21.44 17.48
From the Market
52 Week Low / High (₹) 162.00 / 302.90
All Time Low / High (₹) 9.05 / 313.80
Market Cap (₹ Cr.) 151
Equity (₹ Cr.) 5.7
Face Value (₹) 10
Industry PE 36.6

Management X-Ray of Remsons Inds :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Remsons Inds

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Remsons Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Remsons Inds on 02-Dec-2022 18:01 is : 263.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 02-Dec-2022 18:01 the market cap of Remsons Inds stood at ₹ 150.8.
The latest PE ratio of Remsons Inds as of 02-Dec-2022 18:01 is 21.44.
The latest PB ratio of Remsons Inds as of 02-Dec-2022 18:01 is 4.06
The 52-week high of Remsons Inds is ₹ 302.9 and the 52-week low is ₹ 162.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Remsons Inds is ₹ 261.7 ( Cr.) .

About Remsons Industries Ltd

Remsons Industries, incorporated in 1971, is engaged in the manufacture of cables, flexible shafts, gear shift systems, push pull cables and park brake mechanisms. The company’s manufacturing units are located at Kandivli, Gurgaon and Daman

Products

Cables- The company manufactures cables for two-wheelers, three-wheelers, four-wheeler, commercial vehicles, construction equipments, mining equipment and farm equipments. These cables have applications in clutch, throttle, choke, gear, brake, seat cable, ventilation, speedometer and many more.

Flexible Shafts- The company is the largest source for speedo cables in India. The products have applications in tacographs, power seat movement, power tools, counters and many more.

Gear Shift Systems- Remsons manufactures gear shifts systems for passenger cars, light commercial vehicles, heavy commercial vehicles and buses.

Push pull cables- The company produces push pull cables used in manufacturing of hydraulic cables, backhoe loaders, dumpers, Forklifts, material handlers, etc.

Park Brake mechanism- It produces two types of park brake mechanism for Indian and overseas markets namely dash mounted and floor mounted.

The company exports its product to countries like USA, Canada, Mexico, Nepal, Singapore and Europe.

It also has an in-house engineering and design department that is engaged in designing new products that are cost effective.

Milestones

1959- The company was established as a trading company.

1963- The company forayed in the business of manufacturing of various engineering items.  

1965- It was first to introduce control cables in India.

1971- Remsons Industries was incorporated.

1972- The company commenced a plant to manufacture flexible shafts.

1973-The company was first to introduce Pressure Die Cast cable ends.  

1983- It introduced Friction Free Cables.

 1996- Remsons Industries started supplying its products to General Motors (USA).

1998- It commissioned an engineering center becoming first in India for Control Cables.

1999-The company established a marketing office in England for its European operations.  

2001- Remsons was first in India to indigenously manufacture Gear Shift with Cables Control Mechanism.

2004- The company developed and established supplies of complete Hand Brake Assembly with Cables to the OEM’s.  

2006- Remsons Industries was first in India to indigenously manufacture Push Pull cables. 

2007- Remsons entered into a joint venture with Orscheln Products LLC. to manufacture various parts for the transportation industries  

2010 - Exports commenced of Floor Mounted Parking Brake Lever for IVECO
Marketing Office In USA for North America

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