This small-cap auto ancillary company secures order worth Rs 30 crore, FIIs and DIIs purchased stake in the company for the first time!

The company's shares have delivered an impressive return of over 260 per cent to their shareholders in just 1 year.

Remsons Industries Limited was established in 1971. It manufactures auto components like auto control cables, flexible shafts, gear shift systems, push-pull cables, and parking brake mechanisms. It exports mainly to the UK, Europe, North America, Brazil, Mexico, and SAARC countries. The company has announced the significant order received by the company.

Remsons Industries Bags New Order:

Remsons-Uni Autonics Private Limited (RUAPL), a division of the Remsons Group, has announced that the company has secured a Letter of Intent (LOI) for a prestigious contract, marking a significant milestone in its ongoing growth and expansion journey. The total contract value is Rs 30 crore over a span of 3 years. Following a rigorous selection process, RUAPL was chosen, earning the trust and confidence of a leading Tier 1 Supplier to the Auto Industry. This esteemed partnership highlights RUAPL's steadfast dedication to excellence, innovation, and customer satisfaction.

Shareholding Pattern of Remsons Industries Limited:

In March 2024, the promoters' stake stood at 65.29 per cent while FIIs held 2.93 per cent while DIIs stake stood at around 0.21 per cent as per the recent update.

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Share Performance of Remsons Industries Limited

On Saturday, the company's stock closed at around Rs 972.50 per share, with a market capitalisation of Rs 652.13 crore. Additionally, the stock has delivered a multibagger return of around 267 per cent in the past 1 year. Remsons Industries Limited has not yet announced its Quarterly Results for Q4 FY24 and will do so soon.

Investors must keep this Small-Cap multibagger stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.