Remsons Industries Ltd

Business Overview

• Diversified mobility solutions provider transitioning from cables to integrated mobility platform.
• Core segments include precision mechanical systems, sensors, lighting, and rail/defense components.
• Exports-focused with UK acquisitions expanding global footprint.

Operational Highlights

• Q1 FY27 consolidated revenue ₹1,197 Mn; EBITDA ₹104 Mn; PAT ₹32 Mn.
• Stellantis order ₹300 Cr; 7-year control cables win.
• Global CV OEM order ₹160 Cr; 10-year pedal-box program.
• Chakan expansion: 30,000 sq ft; ₹50 Cr capacity expansion.
• JV & acquisitions: Aircom Poland 26% stake; Uni Automation; BEE Lighting.

Financial Performance

• FY26 revenue ₹4,687 Mn; EBITDA ₹495 Mn; PAT ₹181 Mn.
• Standalone 1QFY27 revenue ₹875 Mn; EBITDA ₹75 Mn; PAT ₹28 Mn.
• Balance sheet: Net debt to equity 0.57x as of March 2026.

Capital Structure & Liquidity

• Net debt to equity 0.57x as at March 2026.
• Planned Capex: ₹100 Crore to drive technology and capacity.

Strategic Priorities & Outlook

• FY30 revenue target ₹900-1,000 Cr; EBITDA guidance 13-14%.
• Focus on exports, value-added product basket, and high-margin acquisitions.
• Chakan and UK footprint support capacity expansion; 3-year growth trajectory.

Risks & Mitigation

• Geopolitical tensions, inflation, and EV-transition risks.
• Mitigation via exports growth, diversified product mix, and acquisitions.

Governance & Leadership

• CEO transition: Desai to succeed Amit Srivastava on Sep 4, 2026.
• Krishna Kejriwal: Chairman & MD; Rahul Kejriwal: Whole-Time Director.

Financial Highlights

• Consolidated revenue ₹1,197 mn for 1QFY27; up 20% YoY.
• EBITDA ₹104 mn; margin about 9%.
• Net PAT ₹29 mn; diluted EPS ₹0.82.

Leadership & Major Orders

• Appointed Rahul Prabhakar Desai as CEO; Amit Srivastava resigns Sept 4, 2026.
• Global hood rods order secured for a leading CV OEM.

Key Growth Initiatives & Programmes

• 10-year UK pedal box programme; lifetime value ₹1,600 mn; production from Q4 CY2028.
• ₹3,000 mn Stellantis order for control cables; deliveries in FY27.
• ₹120 mn BEE Lighting exterior lighting design order.

Strategic Outlook & Capacity

• FY30 revenue target ₹9,000-₹10,000 mn; base FY26 ₹4,687 mn.
• Capex ₹1,000 mn over three years for upgrades; EV-ready focus.
• Geographic diversification: India, UK, Brazil; currency hedges.
• Net debt headroom for one more acquisition.

Management Commentary

• Q1FY27 revenue ₹1,197 mn; EBITDA ₹104 mn; PAT ₹29 mn; margins ~9%.
• Exports and multi-year programmes expected to lift revenue; FY30 targets reaffirmed.

Business Overview

• Remsons provides precision automotive components across cables, pedal boxes, sensors and lighting.
• EV-agnostic portfolio; expanding up the value chain with mobility platform capabilities.
• Manufacturing footprint includes India and UK across 8 plants; global presence in 20+ countries.

Operational Highlights

• Q1 FY27 revenue Rs 1,197 mn; EBITDA Rs 104 mn; PAT Rs 29 mn.
• Stellantis order size INR 300 Cr; 7-year contract for control cables.
• Other notable orders: CV OEM INR 60 Cr; CV OEM INR 160 Cr; BEE Lighting INR 12 Cr; Hood Rod INR 30 Cr.
• Chakan locomotive facility expansion to 30,000 sq ft; Magal Cables UK acquisition; Uni Automation; BEE Lighting.
• JV with Aircom (Poland) for Tire Mobility Kit; expansion into sensors via Uni Automation.

Financial Performance

• FY26 consolidated revenue Rs 4,687 mn; EBITDA Rs 495 mn; PAT Rs 181 mn.
• Standalone FY26 figures provide separate guidance; Q1FY27 momentum supported by product mix and efficiencies.

Capital Structure & Liquidity

• Net debt to equity 0.57x as at Mar-2026.
• Cash & bank balances Rs 237 mn; short-term borrowings Rs 518 mn; long-term borrowings Rs 408 mn.

Strategic Priorities & Outlook

• Focus on exports; shift to higher-margin, value-added products; pursue acquisitions.
• Capex Rs 100 Cr; rail facility expansion at Chakan; FY30 revenue target Rs 900–1,000 Cr.
• EBITDA guidance for FY29: 13–14%; plan to accelerate growth via JVs/acquisitions.

Risks

• Geopolitical tensions, labour costs, inflation, trade disruptions; mitigated by exports and product-mix optimization.

Governance & Leadership

• CEO transition: Desai to succeed Amit Srivastava, effective 4 Sep 2026.
• Krishna Kejriwal is Chairman & MD; Rahul Kejriwal is Whole-Time Director.

Financial highlights

• Q1FY27 revenue ₹1,197 mn; EBITDA ₹104 mn; PAT ₹29 mn; EPS ₹0.82.
• Revenue up 20% YoY to ₹1,197 mn.
• Board approved audited Q1FY27 results for quarter ended 30 June 2026.

Leadership transition

• New CEO Rahul Prabhakar Desai appointed, effective August 3, 2026.
• Predecessor Amit Srivastava resigns, effective September 4, 2026.

Key order wins and programmes

• Global CV OEM hood rods order secured.
• Stellantis ₹3,000 mn 7-year order for control cables; deliveries in FY27.
• 10-year pedal box programme with UK subsidiary; lifetime value ₹1,600 mn; production CY2028 Q4.
• UK pedal box programme value ₹1,600 mn; production to commence CY2028 Q4.
• BEE Lighting ₹120 mn exterior lighting design order.
• Gear Shifter ₹600 mn order from Indian CV OEM; five-year term.
• NCR expansion: 20,000 sq ft additional space to support ₹9,000-₹10,000 mn revenue target by 2030.

Outlook and strategic plan

• Capex ₹1,000 mn over three years for India and UK plant upgrades.
• Revenue aspiration ₹9,000-₹10,000 mn by FY30; base FY26 ₹4,687 mn.
• Geographic diversification: India, UK, Brazil licensing; mix enhances resilience.
• Net debt manageable; scope for one more meaningful acquisition.

Operational context

• Raw materials comprised 54% of revenue in Q1FY27; pass-through clauses mitigate margin impact.
• Rupee ~₹95-₹96/USD; GBP gains support export realizations.

Financial results approved

• Unaudited standalone and consolidated results for the quarter ended 30 June 2026 approved.
• Limited Review Reports on the results received from Kanu Doshi Associates LLP.
• Copies of results and review reports enclosed.

Meeting Details

• Board meeting on 14 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closed from 1 July 2026 until 48 hours after conclusion of the meeting.

Operational update

• Water levels at Daman facilities receded; power restored and production resumed gradually from 27 July 2026.
• Gujarat plant water level receded, but power supply remains unavailable; operations temporarily suspended.
• Status updates will be provided to stock exchanges as material developments occur.

Operational status

• Daman facilities A2/3 & 4 have regained power and utilities, enabling gradual production resumption from 27 July 2026.
• A3/4 facility at Somnath remains temporarily suspended due to power non-availability.
• Survey No. 146, Pardi Gujarat plant: water receded, but power not restored; operations suspended.
• Company will provide further updates to exchanges as there is material development.

CEO change

• Amit Srivastava resigns as CEO, effective 4 September 2026.
• Rahul Desai appointed as CEO, effective 3 August 2026, board recommendation.
• Rahul Desai brings 30+ years in automotive manufacturing with prior CEO roles.

CEO resignation

• Amit Srivastava resigns as CEO, effective 4 September 2026.

CEO appointment

• Rahul Desai appointed CEO, effective 3 August 2026.

Resignation letter and notice

• Resignation letter dated 18 June 2026; 90-day notice period.

New CEO profile

• Rahul Desai: 30+ years in automotive leadership; ex-CEO at Pinnacle Industries and CIE India; mechanical engineer.

Relationships disclosure

• Not Applicable per Annexure II.