The shares of Automotive components manufacturing company jumped upto 5 percent in the day’s trade followed by strategic Acquisition of 51.01 percent stake in Astro Motors Private Limited
Share Price Movement
With a market capitalization of Rs 439 Cr.the stock of Remsons Industries Ltd opened at Rs.122.95, up 3.58 percent from yesterday’s close, and after opening, it made a high of Rs.127.05.
What Happened
The Board of Directors approved the acquisition of a 51.01% stake in Astro Motors Pvt Ltd on April 9, 2025. This includes subscribing to 62,500 new equity shares and acquiring 26,400 shares from existing promoters through a preferential issue.
Astro Motors Private Limited is currently engaged in the business of developing and manufacturing electric vehicles for cargo, loaders, passengers and micro mobility.
About the company
Remsons Industries Ltd. engages in the manufacturing of automotive components, parts and all its products. It supplies products to automotive, agricultural, construction, railways and lighting industries. The company was founded by Vishwa Prakash Harlalka in 1959 and is headquartered in Mumbai, India
The company manufactures a wide range of products across various categories,including Cables,push pull cables,gear shit system,parking brea mechanism,combi brake system,winches, jackkit, pedal box assembly, sensors.
Financial Highlights
Coming to the financial statements, its operating profit grew by 24.76 percent from Rs.82.22 crores,in Q3 FY24, to Rs.102.58Crores,in Q3 FY25 accompanied by profits of Rs.3.41 Crores to Rs. 4.73 Crores.
Ratio Analysis
The company has a P/E ratio of 29.7, a return equity of 17.7 percent and return on capital employed of 15.4 percent. Furthermore, the company maintains a debt to equity ratio of 0.54 and currently, the company is trading 3.62X of its book value.
Written by Sanjay G
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