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Trades about 39% below its sector, cheaper than its peers on earnings.
Established in 1959 and headquartered in Mumbai, India, Remsons Industries Limited is a leading manufacturer and supplier of automotive components and parts, serving both the domestic and international markets. The company produces an extensive array of control cables, such as those for clutches, accelerators, parking brakes, gear shifts (including reverse), chokes, engine stops, speedometers, fare meters, de-compressors, body panels, HVAC systems, doors, pull-to-stop mechanisms, drive changes, and seats. These critical parts are engineered for diverse applications across two, three, and four-wheel vehicles, as well as light, medium, and heavy commercial vehicles, and heavy-duty construction, mining, and farm equipment. Beyond cables, Remsons also specializes in flexible shafts utilized in speedometers, tachometers, power tools, machinery, power seats, and earth-moving and agricultural equipment. Their portfolio further extends to advanced gear shift systems and push-pull cables, specifically designed for passenger cars, rear-engine buses, and various commercial vehicles. Additional product offerings include winch assemblies, jack kits, pedal box assemblies, and parking box assemblies. Remsons Industries has a strong global footprint, exporting its products to numerous countries including the United Kingdom, France, Mexico, the United States, Germany, Austria, Sweden, Italy, Spain, Turkey, Nepal, Sri Lanka, Bangladesh, Brazil, Kenya, Bhutan, Singapore, and the United Arab Emirates.
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