The shares of this auto components manufacturing company surges nearly 7% in today’s session after bagging an order worth Rs. 80cr from Ford Otosan. The company manufactures auto components like auto control cables, Flexible shafts, Gear shift systems, push pull cables and parking brake mechanism.
With market capitalization of Rs. 516 cr, the shares of Remsons Industries Ltd were currently trading at Rs.146 per share, after rising as much as 7% earlier in the session to touch today’s high of Rs.157 per share.
Remsons Industries Limited has announced that its step-down subsidiary, Remsons Automotive Ltd., has received a Letter of Intent/Purchase Order worth Rs.80 crore from Ford Otosan, a prominent international automotive player. The order involves the supply of Spare Wheel Winch units and is set to be executed over a period of 10 years.
This long-term contract reinforces Remsons’ position in the global automotive components space and marks a significant international win for the group. The company clarified that this is a regular business order, does not fall under related party transactions, and no promoters or group companies have any interest in the awarding entity.
Remsons Industries Limited was established in 1971. It manufactures auto components like auto control cables, Flexible shafts, Gear shift systems, push pull cables and parking brake mechanism. It exports majorly to the UK, Europe, North American, Brazil, Mexico and SAARC countries. Promoter holding rose by 0.82% in the last quarter, while net profit increased to Rs.17 crore in FY25, up from Rs.13 crore in FY24.
Remsons Projects 3X Revenue Growth by FY29
Targeting a significant 3X jump in revenue over the next three years, aiming to reach Rs.9,000–10,000 million by FY29. The company has shown steady growth from Rs.1,494 million in FY19 to a projected Rs.3,766 million in FY25. With an estimated revenue CAGR of ~20% through FY29.
Remsons Industries reported strong growth across key financial metrics in FY25. Revenue rose 21% year-on-year to Rs.3,766 million from Rs.3,123 million in FY24. EBITDA increased by 20% to Rs.374 million, while Profit Before Tax grew 38% to Rs.224 million from Rs.162 million. Profit After Tax also saw an 8% rise, reaching Rs.144 million compared to Rs.133 million last year, reflecting the company’s steady financial momentum.
Written by Manideep Appana
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