1,100 Per Cent Multibagger Returns: Auto Stock Jumps 17.7 Per Cent After Receiving Single Largest Order of Rs 300,00,00,000 from Stellantis North America
The company has a market cap of Rs 480 crore and the stock gave multibagger returns of over 1,100 per cent in 5 years.
On Thursday, shares of Remsons Industries Ltd jumped 17.7 per cent to Rs 141.21 per share from its previous closing of Rs 120.02 per share. The stock’s 52-week high is Rs 234.80 per share and its 52-week low is Rs 101.71 per share.
Remsons Industries Ltd has received a significant business award from Stellantis N.V., North America, for the supply of control cables. This order, valued at over Rs 300 Crore (approximately USD 35 million), marks one of the largest in Remsons' history. The delivery schedule for this contract will commence from the next financial year and is expected to be completed within seven years. The agreement includes the supply of auto control cables for Stellantis' Smart Cars, Jeep, and their Three-Wheeler Segment, with specific mention of components for the Jeep Wrangler and RAM platforms.
This landmark order, announced on May 15, 2025, signifies a major milestone in Remsons Industries Limited's global expansion. The partnership with Stellantis North America not only solidifies Remsons' international footprint but also opens doors for enhanced opportunities in North America and beyond. The order includes standard terms regarding quality, delivery schedule, and pricing, mutually agreed upon by both parties.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, download the service details here.
About the Company
Remsons Industries Limited, established in 1971, is a prominent manufacturer of auto components. Their diverse product portfolio encompasses both mechanical and electronic components, as well as lighting solutions. Mechanically, they produce control cables, gear shifters, winches, pedal boxes, parking brake systems, and jack kits. Their electronics division focuses on sensors, rearview cameras, sound systems, wireless chargers, infotainment systems, and digital clusters. Additionally, Remsons offers a range of lighting solutions, including headlamps, tail lamps, signal lamps, interior lighting, and active spoilers. The company operates five manufacturing plants across India and two in the UK, including the facility acquired as Magal Cables, now known as Remsons Automotive UK Ltd.
Remsons Industries Ltd caters to a wide array of clients in the automotive sector. Domestically, they supply to major original equipment manufacturers (OEMs) such as Maruti Suzuki, Hero MotoCorp, Ashok Leyland, Tata, Mahindra, PSA (Peugeot), and Piaggio. Their reach extends globally, as they also provide components to international OEMs, including Ford Motor Co., Jaguar Land Rover, Daimler, Aston Martin, and Volvo. Furthermore, Remsons serves over 250 dealers in the after-market, demonstrating a comprehensive approach to the automotive supply chain.
The company has a market cap of Rs 480 crore and the stock gave multibagger returns of over 1,100 per cent in 5 years. The shares of the company have a PE of 33x, an ROE of 18 per cent and an ROCE of 15 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.