Remsons Industries Limited · NSE:REMSONSIND
Remsons Industries — Q3 FY25 Earnings Presentation
44 slides from Remsons Industries's earnings presentation, Feb 7, 2025
Slide 1: Cover letter to stock exchanges
7th February, 2025 To, To, The Manager The Manager – Listing Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, ‘G’ Block, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai - 400 001 Bandra (East), Mumbai – 400 051 Scr
Slide 2: Investor Presentation Q3 & 9MFY25
Investor Presentation Q3 & 9MFY25
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Remsons Industries Ltd (the “Company”) solely for information purposes and do not constitute any offer, recommendation, or invitation to purchase or subscribe for any securities and shall not
Slide 4: Table of Content
Table of Content 01 Business Overview & Financials 04-20 02 Product Portfolio and Strategy 21-28 03 Annexures 29-44 3
Slide 5: Remsons: 5 Decades of Excellence
Remsons: 5 Decades of Excellence Preferred supplier of high precision components to two, three, and four-wheeler vehicles, commercial vehicles, and off-highway vehicles Rs 1,026 Mn Rs 124 Mn Rs 40 Mn Revenue EBITDA PAT (3QFY25) (3QFY25) (3QFY25) Pioneers in the industry, India’s first Control Cabl
Slide 6: Management Commentary on 3Q & 9MFY25 Results
Management Commentary on 3Q & 9MFY25 Results “I am pleased to share that Remsons Industries has delivered a stellar quarterly performance in 3Q and 9M FY25. In 3Q FY25, we achieved our highest-ever revenue, growing 25% YoY to ₹1,026 million. EBITDA for the quarter stood at ₹124 million, with a healt
Slide 7: Established Base; High Growth Trajectory
Established Base; High Growth Trajectory Net Revenue (Rs Mn) HISTORICALLY HEREAFTER Established a strong cable 3X jump in Revenue over the next three years business. Expanding products offering units to Next Gen Built Loyal Customer Base with OEM’s. Change management, Complete ~9,000, 10,000
Slide 8: Global and Diversified Business Model
Global and Diversified Business Model Revenue Split by Geography Revenue Split by Delivery Rest of Aftermarket India World OEM 9% 33% 67% 91% Sales Sales 3QFY25 3QFY25 A global business model thriving on customer-centricity, digital prowess, and strategic efficiency, cultivating key relationships
Slide 9: Largely EV Agnostic Product Portfolio
Largely EV Agnostic Product Portfolio MOBILITY Upcoming Green Energy Initiative MECHANICAL ELECTRONICS LIGHTING Cables Sensors Head Lamp Gear Shifters Rear View Camera Tail Lamp Winches Sound System Day Light Lamp Pedal Box Shark Fin Antenna Signal Lamp Parking Break System
Slide 10: Segments
Segments Two Wheeler Railway Three Wheeler Present across the Off Roader Auto Value Chain Four Wheeler Commercial Vehicle Agriculture 9
Slide 11: Strong Balance Sheet to support future growth
Strong Balance Sheet to support future growth ROCE & ROE Net Debt to Equity (x) Dividends Paid 1.5 1.5 1.5 24% 2.10 22% 20% 1.91 21% 20% 1 1 16% 1.46 16% 15% 16% 15% 1.19 12% 1.10 7% 0.3 0.11 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24 ROCE ROE Dividend
Slide 12: Maintaining Resilience: Strong Position Amid Market Headwinds
Maintaining Resilience: Strong Position Amid Market Headwinds The Automotive Industry continues to face several challenges in the recent years…. Transition into EV High Labor Cost Geopolitical issues has its own Increase & SSSSSSSSSSSSSSSS challenges. Shortage High Inflation Red Sea Crisis Rising In
Slide 13: Remsons Approach to Staying Resilient
Remsons Approach to Staying Resilient Geographical Revenue Structure (INR mn) Expansion into New Technology Domestic Sales Exports 2,810 Products 2,674 2,557 Our presence across all sectors of the 1,992 1,855 auto industry 1,284 1,344 Foray into HCV Segment with Expanded 848 Product Range 449 248 27
Slide 14: 9MFY25 Consolidated Key Result Highlights
9MFY25 Consolidated Key Result Highlights Revenue (Rs Mn) EBITDA (Rs Mn) 17% 14% YoY YoY 2,704 264 2,313 232 9MFY24 9MFY25 9MFY24 9MFY25 Profit Before Tax (Rs Mn) Profit after Tax (Rs Mn) 28% YoY 20% 143 YoY 98 111 82 9MFY24 9MFY25 9MFY24 9MFY25 13 EBIT and EBITDA margin exclude Other Income
Slide 15: Our Rapid Growth Milestone
Our Rapid Growth Milestone EBITDA (Rs Mn) & EBITDA Margin % CAGR Net Revenue (Rs Mn) CAGR 29% 10% 10% 16% 3,128 3,123 8% 2,865 2,704 7% 7% 2,262 6% 1,494 1,592 4% 88 114 102 202 260 310 264 FY19 FY20 FY21 FY22 FY23 FY24 9MFY25 FY19 FY20 FY21 FY22 FY23 FY24 9MFY25 EBITDA EBITDA Margin PAT (Rs Mn) & P
Slide 16: Consolidated 3QFY25 & 9MFY25 Financial Performance
Consolidated 3QFY25 & 9MFY25 Financial Performance Particulars (Rs in Mn) 3QFY25 3QFY24 YoY% 2QFY25 QoQ% 9MFY25 9MFY24 YoY% Revenue from Operations 1,026 822 25% 913 12% 2,704 2,313 17% EBITDA 124 84 47% 75 65% 264 232 14% EBITDA Margin % 12% 10% 184 bps 8% 387 bps 10% 10% -28 bps Depreciation 38 27
Slide 17: Standalone 3Q & 9MFY25 Financial Performance
Standalone 3Q & 9MFY25 Financial Performance Particulars (Rs in Mn) 3QFY25 3QFY24 YoY% 2QFY25 QoQ% 9MFY25 9MFY24 YoY% Revenue from Operations 766 703 9% 730 5% 2,109 1,925 10% EBITDA 82 74 11% 70 18% 198 184 8% EBITDA Margin % 11% 10% 24 bps 10% 118 bps 9% 10% -16 bps Depreciation 23 19 24% 23 1% 67
Slide 18: Consolidated Historical Income Statement
Consolidated Historical Income Statement FYE March (Rs Mn) FY21 FY22 FY23 FY24 9MFY25 Revenue from Operations 2,262 2,865 3,128 3,123 2,704 EBITDA 102 202 260 312 264 EBITDA Margin 4% 7% 8% 10% 10% Depreciation 44 79 91 110 100 EBIT 58 123 168 202 164 EBIT Margin 3% 4% 5% 6% 6% Finance Cost 35 64 63
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet FYE March (Rs Mn) FY21 FY22 FY23 FY24 1HFY25 FYE March (Rs Mn) FY21 FY22 FY23 FY24 1HFY25 Assets Equity and Liabilities Non‐Current Assets Shareholders funds Fixed Assets 317 344 407 424 604 Share Capital 57 57 57 70 70 Right to use assets 88 69 49 70 60 Reserves and Surpl
Slide 20: Strong Global Footprint
Strong Global Footprint Strategically located manufacturing capabilities Gurugram, Haryana Pune, Chakan Shirwal Pardi, Gujarat Stourport (UK) Redditch (UK)
Slide 21: Expanding Manufacturing Footprint – Magal Cables
Expanding Manufacturing Footprint – Magal Cables Acquired Magal Cables, Got an access to UK in 2020 which was cater to marquee our existing client global clients The unit specializes in the Cross pollination of production of Control products leading to Cables, Pedal Boxes, Technology access for the
Slide 22: Acquisition of BEE Lighting
Acquisition of BEE Lighting BEE Lighting is UK based automotive lighting company, excelling in design, engineering, and manufacturing. The company specializes in various external and internal lighting solutions with LED and Adaptive Driving Beam (ADB) systems. Acquired 51% stake of BEE lighting at G
Slide 23: Shift in Industry Trends
Shift in Industry Trends Rising population of Electrification young and HNI’s Government Policies Premiumisation and feature laden vehicles Green Mobility 22
Slide 24: We are observing and enhancing our Product Portfolio
We are observing and enhancing our Product Portfolio PLAN 23
Slide 25: Why the Inorganic Path?
Why the Inorganic Path? From India’s leading Control Cable manufacturer, We have diversified. Why the inorganic way? JV’s & Acquisitions Cash Flow Management Improved Margins Global Partnerships Tyre Mobility Sensors Asset Light Infotainment Lighting In-house Execution 24
Slide 26: Our Foray into Tire Mobility Kit
Our Foray into Tire Mobility Kit Entered into exclusive The kit effectively JV with Aircom Group, replaces the need of Poland, wherein a regular spare wheel Remsons has 26% stake A further journey could High growth opportunity be continued for 1000 directly co related to kilometers with a number of
Slide 27: JV with DAIICHI for Automotive Electronics
JV with DAIICHI for Automotive Electronics India’s automotive electronics market is likely to cross $18 billion by 2027 from $ 6 billion in 2020 with a CAGR of 17%, with average electronic component cost per passenger vehicle projected to reach nearly INR200,000 by 2027. 50:50 JV with Daiichi, par
Slide 28: Acquisition of Uni Automation Sensors & Embedded Technologies
Acquisition of Uni Automation SENSORS & Embedded Technologies Majority Shareholding in Uni-Automation, a Sensor Manufacturing Company established since 1985 In-House Design, Manufacturing, Validation, Software Development, Industry Leading 10,000 Clean Room facility. A wide array of sensors incl
Slide 29: Sectoral Tailwinds to Support Future Growth
Sectoral Tailwinds to Support Future Growth Total Vehicles Produced in India India is projected to be one of the largest global automotive 2,84,34,742 and mobility hub. 2,63,53,293 2,59,31,867 2,26,55,609 2,30,40,066 In India, only 29 out of 1000 people own a car, compared to 226 in China and 581 in
Slide 30: Cables
Cables Our diverse cable portfolio offers an eco-friendly alternative for elevated passenger travel. Harnessing innovative technology, these cables pave the way for sustainable and efficient means of commuting above ground. Diverse Cable Portfolio: Parking Brake Cable ,Clutch Cable, Hood Release Cab
Slide 31: Push Pull Cables
Push Pull Cables In-house validation ensures the excellence of our push-pull cables. We specialize in crafting these cables, offering swift solutions with quick-fix end fittings. Integrated Design & Manufacture Capability Design of Push Pull Cables ranging from Conduit Dia 3 MM To Dia 18 MM He
Slide 32: Brake Mechanism
Brake Mechanism Parking Brake Mechanism Combi Brake Mechanism This product is designed to meet customers mechanical This product activates both the front and rear brakes needs to ensure good braking performance and aesthetic simultaneously. Besides, when the rear brake is pressed, it integration wit
Slide 33: Gear Shift Systems
Gear Shift Systems We offer comprehensive shifter systems, encompassing style elements (bezel, boot, knobs) to gearbox components (levers, cables, and brackets), tailored to customer specifications and inputs. Complete Assembly with Cables. From The Style (bezel, boot, and knobs) to the lever, c
Slide 34: Winches
Winches Develop and supply innovative winches that help to solve the problem of lifting the under-floor spare wheel. It requires minimal effort to stow or lift heavy wheels with these winches. One of the first companies to solve the problem of Under- Floor Spare Wheel Lift and Storage. As a pion
Slide 35: Jack Kit
Jack Kit A comprehensive product which is available in traditional steel and aluminum with lightweight plastic components. Lifting components for many Non-Automotive Applications. Wide Ranging Puncture Management Equipment, including Jacks, Wrenches, Tool Kits And Stowage Systems. Available in
Slide 36: Pedal Box Assembly
Pedal Box Assembly We design, develop and supply accelerator, brake and clutch pedals, either as individual components or as combined assemblies. This product proves to be very efficient and easy to use. Capability to design, develop & supply Accelerator Brake and Clutch Pedals, either as individu
Slide 37: Leading Partnerships Fuelling Our Growth
Leading Partnerships Fuelling Our Growth 36
Slide 38: Our Milestone
Our Milestone 2022 • New state-of-the art facility 2001 2018-19 started at Chakan, Pune 1959 Indigenous Opening of marketing Remsons Ltd was manufacturing of gear formed as a trading and technical support 2024 shift with cables office in USA and • Acquisition of Uni- company started in India Europe
Slide 39: Management Profile
Management Profile Chairman & MD Whole-Time Director CEO Krishna Kejriwal Rahul Kejriwal Amit Srivastava o Science graduate, from University of Bangalore and has o He has ~20 years of experience in the field of o A seasoned professional ~30 years' experience with ~ 43 years of experience across prod
Slide 40: Remsons Quality Certifications
Remsons Quality Certifications 39
Slide 41: Recognitions and Honors: Celebrating Our Wins
Recognitions and Honors: Celebrating Our Wins 1. Quality Forum India - GOLD 1. ASHOK LEYLAND – Award For TQM and Kaizen Gold Quality 2. TISAX Label for Information Award Security 2. INTEVA - Best 3. Ecovadis Gold Rating for Supplier Award Sustainability 2020 2022 2023 2024 2025 1. ADVIK - Best Devel
Slide 42: Sustainability
Sustainability GOLD RATING OF MEMBER OF THE UN CORPORATE SOCIAL GENERATION OF 500 SUSTAINABILITY GLOBAL COMPACT RESPONSIBILITY – AWARD 2023 KVA PER MONTH This result places our company among the The Ten Principles of the United Education to the handicapped, the In keeping with the efforts of Clean t
Slide 43: Great Place To Work Certified
Great Place To Work Certified FOUR YEARS IN A ROW Ranking: Top Ranking: Top 25 25 India’s Best India’s Best Building Workplaces in a Culture of Manufacturing Innovation by all 42
Slide 44: Thank You!
Remsons Industries Limited THANK Tel: +91-22 3501 6400 Email: corporate@remsons.com www.remsons.com YOU! For further information, please contact Saloni Ajmera Tel: +91-99305 77801 Email: saloni@goindiaadvisors.com Paridhi Jagnani Tel: +91-91020 24869 Email: paridhi@goindiaadvisors.com www.goindiaadv