Auto ancillary stock jumps over 6% after promoters increases their stake in the Co.

The shares of a microcap auto ancillary company that manufactures auto components like auto control cables, Flexible shafts, Gear shift systems, push-pull cables, etc gained up to 6.4 percent on Thursday’s trading session after two of the company’s promoters increased their stake. 

Share Price Movement 

The shares of Remsons Industries Limited, with a total market capitalization of Rs 442.23 Crores, reached an intraday high of Rs 131.8 per share gained up to 6.4 percent on Thursday. The shares closed at Rs 130.44 per share which was 5.3 percent higher than the previous closing price of Rs 123.9. 

The stock has generated impressive returns of 202 percent in the past three years and a return of 696 percent in the past five years. 

What Happened

On February 18, 2025, Mr. Krishna Kejriwal, the Chairman & Managing Director and Promoter of Remsons Industries Ltd, bought 15,000 equity shares for Rs 17.30 lakh. This increased his ownership in the company from 23.62% to 23.66%. On February 19, he bought an additional 22,825 shares for Rs 28.47 lakh, raising his total stake to 23.73%.

On February 18, 2025, Mr. Rahul Kejriwal, the Whole Time Director and Promoter of Remsons Industries Ltd, purchased 45,000 equity shares worth Rs 51.52 lakh, boosting his ownership from 4.4% to 4.53%. The next day, on February 19, he bought another 2,175 shares for Rs 2.74 lakh, keeping his stake at 4.53%.

Financials 

Remsons Industries Ltd reported an increase of 25 percent YoY in revenues from operations from Rs 82.2 Crores in Q3FY24 to Rs 103 Crores in Q3FY25. Their Net Profits saw a YoY increase of 18 percent from Rs 3.4 Crores to Rs 5 Crores over the same period. On the operating level, their EBITDA grew by 47 percent YoY from Rs 8.4 Crores to Rs 12.4 Crores.  

Also read: Microcap stock hits 5% upper circuit after receiving ₹10 Cr order from PNC Infratech

Future Outlook 

Remsons Industries Ltd plans to invest Rs 100 Crores in capital expenditure over the next three years. The company is targeting a Revenue CAGR of 20 percent, aiming to reach a revenue of around Rs 9 to 10 billion by FY29. To support this growth, the company intends to accelerate its expansion through joint ventures, collaborations, and acquisitions. Additionally, Remsons aims to diversify its product portfolio to be more EV-agnostic in the future, positioning itself for emerging market trends in electric vehicles.

Significant Partnerships

The company has leading partnerships with major names like TATA, Land Rover, Maruti Suzuki, Jaguar, FIAT, Ford, BMW, Force, Ashok Leyland, Mahindra, TVS, Hero, etc. 

About Remsons Industries Limited

Remsons Industries Limited is a leading manufacturer of automotive control cables and related products. The company serves both domestic and international markets, with a strong presence in the automotive sector. The company’s products include cables, combi-brake systems, gear shift systems, push-pull cables, winches, and so on. 

Written By Adhvaitha Nayani

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