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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Remsons Industries Ltd

About the Company - Remsons Industries Ltd

Remsons Industries Ltd. is a Public Limited Listed company incorporated on 11/05/1971 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L51900MH1971PLC015141 and registration number is 015141. Currently Company is involved in the business activities of Manufacture of diverse parts and accessories for motor vehecles sucs as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalysers, clutches, steering wheels, steering columns and steering boxes etc.. Company’s Total Operating Revenue is Rs. 223.28 Cr. and Equity Capital is Rs. 5.71 Cr. for the Year ended 31/03/2022.
Auto Ancl - Susp. & Braking - Springs401, 4th Floor, Gladdiola, Mumbai Maharashtra
NamePosition Held
Mr. Krishna KejriwalChairman & Managing Director
Mrs. Chand KejriwalWhole Time Director
Mr. Rahul KejriwalWhole Time Director
Mr. Paresh BhagatIndependent Director
Mr. Shishir Vasant DalalIndependent Director
Mrs. Visalakshi SridharIndependent Director
Mr. Anil Kumar AgrawalNon Executive Director
Mr. Suresh RamaraoIndependent Director

Remsons Industries Ltd. Share Price Update

Share PriceValue
Previous Day₹800.50

Basic Stock Data of Remsons Industries Ltd

Market Cap 536 Cr.
Current Price 939
High / Low969/182
Stock P/E57.1
Book Value 77.9
Dividend Yield0.16 %
ROCE15.4 %
ROE20.7 %
Face Value 10.0

Data Source:

Competitors of Remsons Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Jamna Auto Industries Ltd 4,507 Cr. 113135/94.222.2 21.01.66 %27.5 %22.9 % 1.00
Industry Average4 Cr11322.2211.66%27.5%22.9%1

Remsons Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Operating Profit4.484.61-0.063.835.554.694.005.515.705.084.796.207.36
OPM %6.69%7.63%-0.17%6.24%8.57%7.58%6.17%7.84%8.67%8.05%7.99%9.96%10.46%
Other Income1.053.930.860.270.150.630.050.060.900.680.400.220.68
Profit before tax3.716.48-1.771.383.042.551.492.813.552.731.842.944.84
Tax %25.34%24.54%20.90%24.64%34.21%25.49%26.85%27.76%24.79%28.21%31.52%25.51%24.38%
Net Profit2.774.89-1.411.052.001.901.092.032.671.961.252.203.67
EPS in Rs4.858.56-2.471.843.503.331.913.554.673.432.193.856.42

Remsons Industries Ltd Quarterly Chart

Remsons Industries Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Operating Profit956453891110142022
OPM %9%5%6%4%4%2%6%6%7%5%6%8%9%
Other Income0010111025212
Profit before tax51201-1557951111
Tax %30%42%33%67%25%46%24%30%28%25%32%27%
Net Profit30100-13357488
EPS in Rs5.710.682.610.070.79-1.376.046.029.3511.666.2113.5814.14
Dividend Payout %0%0%0%0%0%0%22%25%16%9%16%11%

Remsons Industries Ltd Profit & Loss Yearly Chart

Remsons Industries Ltd Growth

Compounded Sales Growth
10 Years:10%
5 Years:16%
3 Years:18%
Compounded Profit Growth
10 Years:35%
5 Years:18%
3 Years:14%
Stock Price CAGR
10 Years:54%
5 Years:63%
3 Years:79%
1 Year:338%
Return on Equity
10 Years:13%
5 Years:17%
3 Years:15%
Last Year:21%

Remsons Industries Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital6666666666666
Other Liabilities17131515191621323050444953
Total Liabilities605454596460708085139145155161
Fixed Assets21202120212222232434363944
Other Assets38343338423747576199889696
Total Assets605454596460708085139145155161

Remsons Industries Ltd Reserves and Borrowings Chart

Remsons Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1681564859413
Cash from Investing Activity -4-1-2-3-4-3-2-4-2-26-7-7
Cash from Financing Activity 3-5-63-2-3-1-5-2163-7
Net Cash Flow1-100-0-01-11-11-1

Remsons Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days636358656951576551616162
Inventory Days877277849486106105125968476
Days Payable72515657746685110941118681
Cash Conversion Cycle778380918970776082465957
Working Capital Days677067757660686068576760
ROCE %20%8%11%5%8%2%16%16%19%12%10%15%

Remsons Industries Ltd Financial Efficiency Indicators Chart

Remsons Industries Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
No. of Shareholders1,8561,9422,4482,7622,4862,4552,5912,7752,5922,5702,9423,321

Remsons Industries Ltd Shareholding Pattern Chart

No. of Remsons Industries Ltd Shareholders

This stock is not held by any mutual fund

Remsons Industries Ltd ROCE Trend

Remsons Industries Ltd EPS Trend

Remsons Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21
Basic EPS (Rs.)14.659.397.85
Diluted EPS (Rs.)14.659.397.85
Cash EPS (Rs.)30.6523.2715.56
Book Value[Excl.RevalReserv]/Share (Rs.)73.9860.4452.02
Book Value[Incl.RevalReserv]/Share (Rs.)73.9860.4452.02
Revenue From Operations / Share (Rs.)547.49501.37395.82
PBDIT / Share (Rs.)48.2036.7022.00
PBIT / Share (Rs.)32.1922.8114.29
PBT / Share (Rs.)21.1012.8513.86
Net Profit / Share (Rs.)14.659.387.85
NP After MI And SOA / Share (Rs.)14.659.387.85
PBDIT Margin (%)8.807.315.55
PBIT Margin (%)5.884.553.61
PBT Margin (%)3.852.563.50
Net Profit Margin (%)2.671.871.98
NP After MI And SOA Margin (%)2.671.871.98
Return on Networth / Equity (%)19.8015.5315.09
Return on Capital Employeed (%)21.9917.3710.60
Return On Assets (%)4.393.062.71
Long Term Debt / Equity (X)0.760.851.16
Total Debt / Equity (X)1.822.092.00
Asset Turnover Ratio (%)1.711.440.00
Current Ratio (X)
Quick Ratio (X)0.700.630.61
Inventory Turnover Ratio (X)4.103.570.00
Dividend Payout Ratio (NP) (%)6.8210.650.00
Dividend Payout Ratio (CP) (%)
Earning Retention Ratio (%)93.1889.350.00
Cash Earning Retention Ratio (%)96.7495.710.00
Interest Coverage Ratio (X)4.353.263.55
Interest Coverage Ratio (Post Tax) (X)2.321.721.34
Enterprise Value (Cr.)172.65170.18137.74
EV / Net Operating Revenue (X)0.550.590.60
EV / EBITDA (X)6.278.1210.96
MarketCap / Net Operating Revenue (X)0.350.360.35
Retention Ratios (%)93.1789.340.00
Price / BV (X)2.633.022.71
Price / Net Operating Revenue (X)0.350.360.35

Remsons Industries Ltd Profitability Ratios (%)

Remsons Industries Ltd Liquidity Ratios

Remsons Industries Ltd Liquidity Ratios (%)

Remsons Industries Ltd Interest Coverage Ratios (X)

Remsons Industries Ltd Valuation Ratios

Fair Value / Intrinsic Value of Remsons Industries Ltd

Fair Value: ₹922.23

The stock is overvalued by 1.79% compared to the current price ₹939

*Investments are subject to market risks

Strength and Weakness of Remsons Industries Ltd

  1. The company has shown consistent growth in sales (155.69 cr) and profit (4.69 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 23.10 and average Dividend Yield of 4.68%.
  2. The stock has a low average ROCE of 11.83%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 66.25, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 72.58, which may not be favorable.
  5. The company has higher borrowings (38.00) compared to reserves (18.54), which may suggest financial risk.

Should I Buy Remsons Industries Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Remsons Industries Ltd:
    1. Net Profit Margin: 2.67%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 21.99% (Industry Average ROCE: 27.5%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 2.32
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.70
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 57.5 (Industry average Stock P/E: 22.6)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✗ Total Debt / Equity: 1.82
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Remsons Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE