NSE: REMSONSIND · BSE: 530919
REMSONS INDUSTRIES LTD
Manufactures automotive components, primarily control cables, gear shifters, pedal-box assemblies, spare wheel winches, lighting and EGR sensors, for global vehicle programmes. The FY26 revenue base was INR 468.71 cr, with materials making up 53.1% of revenue and employees 21.4%, leaving an FY26 EBITDA margin of 11.51%. Customers include Stellantis North America (control cables), Ford Turkey (spare wheel winches) and German OEMs (lighting, sensors), with large contracts disclosed such as the INR 300+ cr Stellantis award to be supplied over 7 years, an INR 80 cr 10-year Ford Turkey LOI and a 10-year pedal-box assembly deal worth INR 160 cr. Production runs across three manufacturing facilities in Daman and Pardi (Gujarat), with a new 30,000 sq ft Chakan, Pune plant dedicated to railway components such as Flexball cables, potentiometers and slack adjusters, opened with INR 5 cr of investment. Diversification moves include a 36% stake in Astro Motors (3W commercial EV), the BEE Lighting (UK) lighting acquisition, and Uni Autonics (Pune) for sensors. Management is guiding to INR 900–1,000 cr revenue by FY29 with 13–14% EBITDA margins, supported by planned capex of INR 100 cr over 2–3 years and net debt-equity held at 0.63x. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Automotive control cables and shifters, Other auto components, Lighting, Railway components, Commercial EV (3W). Diversifying auto-component supplier with export-led growth, expanding from cables into railway and EV adjacencies.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 286 | 313 | 312 | 377 | 469 |
| EBITDA (ex other income) | 21 | 26 | 31 | 37 | 49 |
| margin % | 7.3 | 8.3 | 9.9 | 9.9 | 10.4 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 9.39 | 14.65 | 19.09 | 4.12 | 5.18 |
| ROE % · ROCE % | 15.5 · 18.4 | 19.8 · 22.0 | 12.0 · 16.9 | 10.5 · 15.5 | 11.5 · 17.3 |
| Debt / equity (x) | 2.09 | 1.82 | 0.54 | 0.59 | 0.63 |
| Cash from operations | 14 | 28 | 15 | 22 | 60 |
| Capex | (10) | (14) | (12) | (29) | (32) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 91 | 103 | 106 | 100 | 116 | 123 | 130 | 120 |
| Profit before tax | 4 | 6 | 8 | 6 | 8 | 8 | 5 | 4 |
| Net profit | 3 | 4 | 5 | 4 | 4 | 5 | 5 | 3 |
| EPS (₹) | 0.90 | 1.14 | 1.31 | 1.04 | 1.16 | 1.47 | 1.50 | 0.82 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,66,707 | 38.1 | 3.82 | 14.8 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,34,520 | 56.9 | 9.06 | 33.0 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 84,295 | 119.4 | 8.82 | 30.4 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 62,653 | 52.0 | 8.63 | 28.8 | 17.7 | 15.7 | 25.3 | 10.4 |
| SCHAEFFLER INDIA LIMITED | 57,518 | 45.9 | 9.36 | — | 10.4 | 14.1 | — | 19.4 |
| SONA BLW PRECISION FRGS L | 52,988 | 76.1 | 8.64 | 46.0 | 10.3 | 12.9 | — | 25.1 |
| TUBE INVEST OF INDIA LTD | 40,753 | 67.2 | 2.87 | 15.8 | 7.9 | 12.4 | 30.3 | 10.6 |
| ENDURANCE TECHNO. LTD. | 32,042 | 33.0 | 4.68 | 15.7 | 13.9 | 15.6 | 17.4 | 13.2 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 17.7 | 25.0 | 37 of 119 | 70% |
| P/B | 1.9 | 3.3 | 36 of 117 | 70% |
| ROCE | 13.3 | 12.6 | 59 of 125 | 53% |
| ROE | 11.5 | 11.7 | 61 of 117 | 48% |
| Debt / Equity | 0.6 | 0.3 | 88 of 117 | 25% |
| EBITDA margin | 9.2 | 12.2 | 85 of 118 | 28% |
| Revenue growth | 20.2 | 20.2 | 57 of 113 | 50% |
| Profit growth | (11.4) | 24.4 | 92 of 115 | 20% |
| Market cap | 305 | 1455 | 85 of 126 | 33% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · RTA certifies quarterly electronic shareholding compliance | compliance | minimal | — | — |
| 16 Oct 2026 · Mrs. Shivani Kejriwal appointed as Whole-time Director for 5 years | board shareholder meetings | medium | — | — |
| 16 Oct 2026 · Board appoints Shivani Kejriwal as Whole-time Director for 5 years | board shareholder meetings | low | — | — |
| 6 Oct 2026 · Whole Time Director Mr. Rahul Kejriwal passes away | management changes | high | — | — |
| 1 Oct 2026 · Board approves exit from Aircom Remsons JV, sells 26% stake | board shareholder meetings | medium | — | — |
| 30 Sept 2026 · Remsons Industries 54th AGM: All 6 resolutions passed, ESOP 2026 approved | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 54th AGM held on 30 Sep 2026; all 6 resolutions passed with majority | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Trading Window Closed for Q2 FY26 Results | compliance | minimal | — | — |
| 30 Sept 2026 · Remsons Industries clarifies sudden rise in trading volume | regulatory legal | medium | — | — |
| 29 Sept 2026 · BSE seeks clarification on significant price movement | regulatory legal | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.