Remsons Industries lands ₹300 cr Stellantis deal alongside FY26 growth
The auto-component maker enters FY27 with a major seven-year contract, upgraded credit ratings, and a new manufacturing facility.
— 1 earlier story on Remsons Industries Ltd. →What's new with Remsons Industries Ltd.
- Revenue grew 24% to ₹4,687 mn; net profit rose 26% to ₹181 mn.
- Operations generated ₹600 mn in cash, a 2.7x increase over the prior year.
- ICRA upgraded the company's long-term rating to BBB+ and short-term to A2.
Why this matters for Remsons Industries Ltd.
The Stellantis contract provides long-term revenue visibility. It anchors the company's growth for seven years. Remsons now has the liquidity to fund its new Chakan plant expansion into defence and locomotive products.
What we're watching
- Margin progression as the company scales production in the new Chakan plant.
- Updates on the timeline for executing the ₹600 mn gear shifter order.
- Whether the defence and locomotive segments diversify revenue beyond auto.
The full read
Remsons Industries closed FY26 with a 24% revenue climb to ₹4,687 mn and a 26% rise in net profit to ₹181 mn.
Performance is gaining pace.
Beyond the financials, the company signed a ₹3,000 mn, seven-year deal with Stellantis for control cables. This agreement represents the largest single expansion in the company's contract scale to date. Remsons also secured a ₹600 mn gear shifter order from an Indian commercial vehicle maker and a ₹120 mn lighting contract. To support this influx of work, it opened a 30,000 sq ft plant in Chakan, shifting manufacturing capacity toward locomotive and defence products. ICRA’s upgrade to BBB+ reflects the improvement in the firm's balance sheet, particularly the 2.7x jump in operating cash flow to ₹600 mn. Remsons is moving away from a small-scale auto parts player toward a more diversified manufacturing profile. The transition is now underway.