Remsons Industries Ltd
Remsons Industries Ltd (REMSONSIND)

Remsons Industries Ltd (REMSONSIND)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return-6.69 %
3 Month Return3.74 %
1 Year Return3.77 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 15
Rank 22
Rank 44
Dividend Yield
Rank 26
Rank 15
Price To Book Ratio
Rank 37
Debt To Asset
Rank 8

Company Information

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 twowheelers. 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 inhouse technology. It introduced frictionfree control cables in India. The companys 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 redeploying 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 199798 it increased the installed capacity of its auto control cables and auto brake shoes to 26500000 nos and 4000000 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 200001 the company appointed Mr John Glover as its Technical Consultant. During 200102 the Components division has launched Gas Guarda Gas leak detectorwhich is being accepted well in the market.
OrganisationRemsons Industries Ltd
IndustryAuto Ancillaries