Micro-cap company received the Business Award from an Indian OEM Manufacturer worth Rs 60 crore

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Micro-cap company received the Business Award from an Indian OEM Manufacturer worth Rs 60 crore

The stock gave multibagger returns of 445 per cent in 5 years with a PE of 26x, an ROE of 12 per cent and an ROCE of 14 per cent.

Remsons Industries Limited has achieved a significant milestone by securing a business award valued at Rs 60 crore from a leading domestic commercial vehicle (CV) OEM manufacturer. This contract, awarded by a prominent Indian entity, involves the supply of gear shifters integrated with push-pull cables, reinforcing the company's position as a key supplier in the automotive component space. The execution of this domestic order is scheduled to span 60 months, with supplies officially commencing in the first quarter of the 2026-27 financial year. By securing this five-year commitment, Remsons not only bolsters its revenue visibility but also highlights its technical capability in delivering specialised equipment for the evolving commercial vehicle segment in India.

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 430 crore. The stock gave multibagger returns of 445 per cent in 5 years with a PE of 26x, 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.