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Remsons Industries Ltd. Stock Analysis

Small Cap
Evaluated by 167 users | BSE: 530919 | NSE: REMSONSIND |
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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 DamanProductsCables- The company manufactures cables...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 13.74%13.18%5.37%6.78%3.6%4.16%1.03%10.66%11.2%14.19%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 95.4115108112115114119128149159
Y-o-Y Gr. Rt.-20.8%-6%3.2%3.2%-1.3%4%8.1%16.6%6.6%
Adjusted EPS (Rs.) 5.735.240.471.77-0.02-0.22-2.025.436.819.67
Y-o-Y Gr. Rt.--8.6%-91%276.6%-101.1%NANANA25.4%42%
Book Value per Share (Rs.) 20.6226.3226.9929.629.129.8928.2934.2338.0543.3
Adjusted Net Profit 3.330.310-0.1-1.23.13.95.5
Net Op. Cash Flow (Rs. Cr.) 3.216.17.90.65.25.53.885.2
Debt to Cash Flow from Ops 6.828.384.142.8143.295.314.917.533.345.68
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Remsons Industries Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 5.9%6.6%10.3%6.6%
Adjusted EPS 6%NANA42%
Book Value per Share 8.68.315.213.8
Share Price 14% 13% 4.9% 7.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 32.4822.331.746.27-0.06-0.75-6.9517.3618.8423.76
Operating Profit Margin (%) 6.567.885.035.453.493.952.156.676.687.95
Net Profit Margin (%) 3.432.60.250.91-0.01-0.11-0.972.422.63.47
Debt to Equity 1.841.851.641.311.621.621.691.471.231.19
Working Capital Days 9910410898101113108116126133
Cash Conversion Cycle 36435757596456585660
Entity Percentage Holding
Promoters 75.00%
Non-Institutions 25.00%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Remsons Industries Ltd.'s performance infers:

Remsons Industries Ltd. earnings have grown by 0%, whereas share price has appreciated 13% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Remsons Industries Ltd. share prices over the last 10 years. Here is what we found out:

Remsons Industries Ltd. share price has appreciated 13% annually over the past ten years.

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

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

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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