Remsons Industries Ltd(REMSONSIND)

NSE: REMSONSINDBSE: 530919

₹ 86.95-4.29%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 303 crWebsite: www.remsons.comUpdated: 24 Oct 2026

About

Remsons Industries makes automotive components, including gear shifters, push-pull cables, pedal boxes, spare wheel winches and exterior lighting, and supplies them mainly to vehicle makers (OEMs) in India and abroad. It reports a single segment, automotive components. Reported revenue for FY26 was 468.71 crore rupees. It has also started a railway components business at Chakan, Pune.^[1][2][3][4]

Business segments and revenue mix

The company reports a single segment, automotive components, with revenue of Rs 473.95 cr in FY26.^[1]
OEM sales were 94% of revenue in Q1 FY27; the Q4 FY26 call gave an OEM share of 92%.^[3][5]
Passenger cars were 42% of the segment mix in Q2 FY26.^[4]

Products

Products include gear shifters with push-pull cables, pedal-box assemblies, hood rod assemblies, spare wheel winches and exterior vehicle lighting (through BEE Lighting).^[3][4]
Railway products going through RDSO audits as of Q3 FY26 include air brake components, slack adjusters and air reservoirs.^[6]
The FY25 annual report describes a diversification into EV, sensor and lighting solutions.^[7]

Operations and facilities

A 30,000 sq ft facility for locomotive applications at Chakan, Pune, has about Rs 50 cr of revenue capacity; Rs 5 cr has been deployed there, and full capacity is planned within 3 years (Q1 FY27).^[3]
In Q2 FY26 the company added an 80,000 sq ft property in NCR, citing rising customer demand.^[4]
In Q3 FY26 the NCR space was cut back to 20,000 sq ft, and a further 20,000 sq ft was planned in the Pune region to service orders already won.^[6]
The UK cables unit lost some global EV programmes, and management expected FY27 there to be stable (Q3 FY26 call).^[6]

Order book

The order book was at least Rs 500 cr in Q3 FY26, with a pipeline of Rs 800-900 cr over 2-3 years.^[6]
A Stellantis order is worth Rs 300 cr over 7 years; management expected a Rs 40-50 cr annual run rate after the first half-year.^[3][6]
A global CV OEM order for pedal-box assemblies is worth Rs 160 cr over 10 years.^[3]
An Indian CV OEM order for gear shifters and push-pull cables is worth Rs 60 cr over 5 years, with supply starting in Q1 FY27.^[3][6]
A step-down subsidiary won an Rs 80 cr order from Ford Otosan for spare wheel winches (Q2 FY26).^[4]
Other wins are a hood rod assembly order (Rs 30 cr over 5 years) and a BEE Lighting exterior lighting order from a global OEM (Rs 12 cr).^[3][4]

Exports and markets

The rest of the world was 38% of revenue in Q1 FY27 and India 62%; exports were 33% of sales in Q3 FY26 and 38% in Q2 FY26.^[3][6][4]
Export revenue was Rs 1,795 mn in FY26.^[5]
The company signed a technical licensing agreement with AUSUS Automotive Systems do Brazil to serve Brazilian OEMs (Q2 FY26).^[4]
As of Q3 FY26, management expected US inquiries from 2-3 customers worth Rs 40-50 cr a year to resume after the tariff cut.^[6]

Expansion plans and targets

Management reaffirmed a revenue target of Rs 900-1,000 cr by FY30 and EBITDA margin guidance of 13-14% (Q1 FY27).^[3]
Planned capex is Rs 100 cr for technology and capacity building (Q1 FY27).^[3]
As of Q3 FY26, management targeted railway revenue of Rs 25-35 cr in the current year and about Rs 150 cr within 3-4 years.^[6]
As of Q3 FY26, Rs 50-70 cr was set aside for the next acquisition, and Rs 150-200 cr of the long-term revenue target was expected to come from acquisitions.^[6]

Recent developments

Consolidated revenue rose 20% YoY to Rs 1,197 mn in Q1 FY27, and the EBITDA margin fell 191 bps to 9%; the company attributed the fall to higher commodity prices.^[3]
Net debt to equity was 0.57x in FY26 and 0.63x in FY25; the stated aim is to keep it between 0.6x and 0.8x.^[3][4][6]

Market Cap

₹303 Cr

High / Low

₹152 / 75

Stock P/E

17.2

Price / Book

2.0

Book Value

₹43

EPS

₹5.2

No. of Shares

3.49 Cr

ROCE

14.5%

ROE

13.2%

OPM

7.8%

Debt / Equity

0.66

Sales

₹469 Cr

Net Profit

₹18 Cr

Promoter holding

62.8%

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