Rs 700 Crore Order Book: Auto Company Receives Purchase Order of Rs 12 Crore from a Premier German Multi-Brand OEM
The shares of the company have a PE of 34x, an ROE of 12 per cent and an ROCE of 14 per cent.
Remsons Industries Ltd's step-down subsidiary, BEE Lighting Limited, has secured a significant purchase order worth Rs 12 crore from a premier German multi-brand OEM. This international contract is for the design and development of exterior vehicle lighting, marking a crucial collaboration with a global multinational OEM. The order is to be executed immediately, highlighting the urgency and importance of this project for BEE Lighting Limited.
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.
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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 over Rs 480 crore and its order book stands at Rs 700 crore. The stock gave multibagger returns of 785 per cent in 5 years. The shares of the company have a PE of 34x, an ROE of 12 per cent and an ROCE of 14 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.