Remsons Industries Ltd


BSE: 530919 | NSE: REMSONSIND | ISIN: INE474C01015 
Market Cap: [Rs.Cr.] 11 | Face Value: [Rs.] 10
Industry: Auto Ancillaries

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Company Profile

Remsons Industries Limited (RIL) was incorporated in May '71, earlier known as Remsons Cables, and went public in 1986. It was promoted by Vishwa Prakash Harlalka and his family. RIL manufactures control cables for the automobile and general engineering industries and for two-wheelers. It also makes brake liners and brake shoes, Gear Shifters for automobiles. Over 70% of the total sales is made directly to automobile manufacturers. It is one of the major suppliers to Auto Manufacturers like Tata Motors, Hero Honda, Maruti Suzuki, Mahindra & Mahindra, TVS Suzuki etc. Manufacturing operations are carried out in Bombay, Daman, Pune and Gurgaon. It has developed its own in-house technology. It introduced friction-free control cables in India. The company's products are being exported to the US, Europe, the UK, Holland, Egypt, New Zealand and Srilanka. It received the prestigious award for technology innovation from Automobile Component Manufacturers in 1985. The promoters came out with an offer for the sale of equity shares at a premium of Rs 40 in May '95 for re-deploying the proceeds to meet the cost of modernisation and expansion. RIL has recently started a new unit at Pardi, Gujarat. Company has initiated measures for ISO 9002 Certification. In 1997-98, it increased the installed capacity of its auto control cables and auto brake shoes to 2,65,00,000 nos and 40,00,000 nos respectively. The company has designed and developed control cables for electric cars and is a supplier to Bangalore based Reva Electric Car Company Private Limited. In 2000-01 the company appointed Mr John Glover as its 'Technical Consultant. During 2001-02 the Components division has launched Gas Guard,a Gas leak detector,which is being accepted well in the market.

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Bosch 41,523.67 43.65 6.60 18.50 14.9 19.6 0.03
Motherson Sumi 31,113.43 58.12 16.41 14.40 32.5 29.2 0.65
Exide Inds. 13,604.25 26.50 3.67 11.94 13.7 20.3 0.00
Amara Raja Batt. 8,452.04 23.45 6.20 10.82 30.3 40.2 0.07
WABCO India 6,856.88 60.81 9.08 19.04 16.7 22.5 0.00
Amtek Auto 5,264.98 18.54 1.10 6.51 5.3 5.3 1.17
Sundaram Clayton 2,965.36 61.13 8.63 8.22 12.3 10.9 1.40
Amtek India 2,566.04 11.06 1.15 7.06 7.8 7.6 1.65
Suprajit Engg. 1,425.60 31.76 7.16 10.63 26.2 27.5 0.62
Federal-Mogul Go 1,413.00 67.73 3.37 10.44 5.0 8.5 0.49
Bosch Chassis 1,238.98 0.00 3.07 0.00 -8.2 -6.1 0.08
Banco Products 991.71 18.64 2.54 6.09 10.7 12.4 0.41
Automotive Axles 924.51 71.90 3.30 6.47 4.6 8.1 0.19
Wheels India 918.69 32.33 2.53 6.51 12.8 14.9 1.62
Gabriel India 787.65 17.14 2.73 4.33 17.3 16.6 0.42

Futures & Options Quote

 
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No. of Contracts Traded: NA
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Option Type: NA
Market Lot: NA
Previous Close: NA
Day’s High | Low: NA | NA
Turnover (Cr.): NA
Open Int. Change: NA | NA
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Key Information

Key Executives:

V Harlalka , Chairman  

K Kejriwal , Managing Director  

C Kejriwal , Whole-time Director  

Ming Ching Tan , Director  


Company Head Office / Quarters:
88 B Govt Indl Estate,
Kandivli (West),
Mumbai,
Maharashtra-400067
Phone : 91-022-28683883/28684452/61432100
Fax : 91-022-28682487
E-mail : remsons@vsnl.com
Web : http://www.remsons.com
Registrars:
Sharex Dynamic (India) Pvt Ltd
Unit No 1 Luthra Ind
Andheri Kurla Road
Safed Pool Andheri(E
Mumbai - 400 072

Fund Holding

 
Scheme Name No. of Shares
No data found

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