REMSONSIND

Remsons Ind financials

Market cap
₹336 Cr
Sector
Automobile and Auto Components
Calls analysed
3
Latest concall · Q3 FY26 · call held 13 Feb 2026

Remsons Ind Q3 FY26

Revenue from Operations ₹123 cr +20%EBITDA Margin 12% PAT Margin 4%

What went well

  • Q3 FY26 Revenue from operations grew 20% YoY to INR123 crores, reflecting strong underlying demand.
  • 9M FY26 Revenue grew 25% YoY to INR338 crores, indicating sustained growth momentum.
  • Received a INR60 crore order from a leading Indian commercial vehicle OEM, providing long-term revenue visibility over 5 years starting Q1 FY27.

What to watch

  • Potential ABS regulation, if implemented, could impact consolidated revenue by 8%, though already factored into projections.
  • Brazil partnership is in early stages, with actual deliveries expected in 1-1.5 years and no immediate quantification of opportunity size.
Read the full call →

Guidance record · Q3 FY26

what the last two calls moved 7 tracked 0 delivered 1 missed 6 open
  • Market Share went quiet said Q4 FY25 Promised: Top 5 position in India's three-wheeler EV market in next 3 years Q3 FY26: No mention of Astro Motors market share target
  • Net Debt to Equity diluted said Q4 FY25 Promised: Maintain within prudent range (0.63x) Q3 FY26: Intend to keep our debt-equity ratio to between 0.6 and 0.8 going forward
  • Revenue on track said Q4 FY25 Promised: Rs. 900 crores to Rs. 1,000 crores by FY '29 Q3 FY26: Reiterated: INR900 crore to INR1,000 crore revenue target by FY 2029

All 7 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 20.2%, net profit down 32.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue91 103 106 100 116 +27%123 +20%130 +23%120 +20%
EBITDA8 12 11 11 13 +78%15 +18%11 +0%10 −1%
Net profit3 5 7 5 6 +92%6 +28%4 −32%3 −33%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −21.1% 1Y

₹80₹100₹120₹140Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q3 FY26 — 13 Feb 2026

1Y: ₹122.14 on 10 Sept 2025 → ₹96.32. High ₹150.25 (3 Nov 2025), low ₹76.15 (14 Jul 2026).

How the price took the results

close before → close after

Q3 FY26
−6.7%
13 Feb

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 14.4% a year over 3 years, FY23 to FY26. Operating margin widened to 10.6%.

Year endingFY23FY24FY25FY26
Revenue₹313 Cr₹312 Cr₹377 Cr₹469 Cr
Operating profit₹26 Cr₹31 Cr₹37 Cr₹50 Cr
Operating margin8.3%10.0%9.9%10.6%
Interest₹6 Cr₹7 Cr₹6 Cr₹8 Cr
Depreciation₹9 Cr₹11 Cr₹12 Cr₹18 Cr
Net profit₹8 Cr₹13 Cr₹17 Cr₹21 Cr
Net margin2.7%4.3%4.5%4.5%
Cash from operations₹28 Cr₹15 Cr₹22 Cr₹60 Cr
Free cash flow₹14 Cr₹4 Cr₹-7 Cr₹28 Cr
ROCE15.0%15.0%14.0%15.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹6 Cr₹6 Cr₹6 Cr₹7 Cr₹7 Cr₹7 Cr
Reserves₹24 Cr₹29 Cr₹37 Cr₹104 Cr₹129 Cr₹142 Cr
Borrowings₹75 Cr₹81 Cr₹82 Cr₹68 Cr₹104 Cr₹98 Cr
Other liabilities₹60 Cr₹59 Cr₹66 Cr₹58 Cr₹114 Cr₹113 Cr
Total liabilities₹165 Cr₹175 Cr₹190 Cr₹238 Cr₹353 Cr₹361 Cr
Fixed assets₹59 Cr₹60 Cr₹64 Cr₹70 Cr₹122 Cr₹154 Cr
Capital work in progress₹0 Cr₹1 Cr₹1 Cr₹2 Cr₹11 Cr₹0 Cr
Investments₹1 Cr₹1 Cr₹0 Cr₹0 Cr₹9 Cr₹0 Cr
Other assets₹105 Cr₹114 Cr₹125 Cr₹166 Cr₹211 Cr₹206 Cr
Total assets₹165 Cr₹175 Cr₹190 Cr₹238 Cr₹353 Cr₹361 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +5.54 pp while promoters trimmed −3.41 pp. The shareholder count grew 60% to 16,791.

Promoters
62.8%
FIIs
2.8%
DIIs
1.1%
Public
33.3%

Since Jun 2025

  • Public +5.54 pp
  • Promoters −3.41 pp
  • FIIs −2.31 pp

How it drifted, 12 quarters

Over this window promoters fell from 75.0% to 62.8% — −12.2 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, Public 25.0%.Dec '23: Promoters 75.0%, Public 25.0%.Mar '24: Promoters 65.3%, FIIs 2.9%, DIIs 0.2%, Public 31.6%.Jun '24: Promoters 65.3%, FIIs 2.8%, DIIs 0.2%, Public 31.6%.Sep '24: Promoters 65.3%, FIIs 4.5%, DIIs 0.2%, Public 29.9%.Dec '24: Promoters 65.3%, FIIs 4.5%, DIIs 0.2%, Public 30.0%.Mar '25: Promoters 66.1%, FIIs 3.6%, DIIs 0.3%, Public 29.9%.Jun '25: Promoters 66.2%, FIIs 5.1%, DIIs 0.9%, Public 27.8%.Sep '25: Promoters 66.2%, FIIs 4.9%, DIIs 1.0%, Public 27.8%.Dec '25: Promoters 66.2%, FIIs 3.4%, DIIs 1.1%, Public 29.3%.Mar '26: Promoters 65.5%, FIIs 2.3%, DIIs 1.2%, Public 30.9%.Jun '26: Promoters 62.8%, FIIs 2.8%, DIIs 1.1%, Public 33.3%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Remsons Ind above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Chand Krishna Kejriwal 24.27%−1.58 pp
Krishna Radhakrishna Kejriwal 22.94%−1.12 pp
Rahul Krishna Kejriwal 4.53%unchanged
Shivani Rahul Kejriwal 4.35%unchanged
Krishna R Kejriwal Huf 3.82%unchanged
Goodluck Electronics Private Limited 2.06%unchanged
India Emerging Giants Fund Limited FPI fund1.93%unchanged
Debashish Neogi 1.02%newly disclosed
Remsons Cables Industries Pvt Ltd 0.82%unchanged
Ranee Khatkhate 0.02%unchanged
Rahul Kejriwal Huf 0.01%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

What the price assumes

Attractive

To justify its price of ₹96, this stock must grow earnings at 12% every year for 7 years. Our analysis caps realistic growth at ~32%. At that growth it is worth ₹260 — upside of 169%.

Growth the price implies
12.3% a year
for 7 years, fading to 4%
It has actually compounded at
31.8% a year
net profit, FY23–FY26
The gap
-0.2 pp
169% downside if it only repeats history
Price today ₹96.32 Value at the reference growth ₹259.56

Change the assumptions yourself →

All earnings calls (3)

Read the Q3 FY26 call →

Learn to analyse Remsons Ind

Guides on how to read this kind of business and the numbers that matter.