Precision Camshafts Ltd

Incorporated in 1992, Precision Camshafts Limited is manufacturer and supplier of camshafts in India and globally. It supplies more than 150 varieties of camshafts for passenger vehicles, tractors, light commercial vehicles and locomotive engine applications. [1]

Key Points

Leader in Camshaft business
The company has a market share of ~70% in the Camshaft industry in India and a 9% Global market share. The co. has an export presence in 17 countries. [1]

Market Cap ₹ 2,522 Cr.
Current Price ₹ 266
High / Low ₹ 302 / 173
Stock P/E 71.2
Book Value ₹ 78.8
Dividend Yield 0.38 %
ROCE 5.98 %
ROE 3.86 %
Face Value ₹ 10.0

Add ratio to table 1m 6m 1Yr 3Yr 5Yr 10Yr Max Price PE Ratio Hidden

Sales & Margin
EV / EBITDA
Price to Book
Market Cap / Sales

Company has been maintaining a healthy dividend payout of 22.3%

Stock is trading at 3.37 times its book value
The company has delivered a poor sales growth of 8.20% over past five years.
Company has a low return on equity of 4.75% over last 3 years.
Earnings include an other income of Rs.50.2 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Loading peers table . Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Close Segments Geographical Segments

Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales +	207	215	244	229	240	284	278	279	263	254	258	256	255
Expenses +	186	185	207	204	214	250	251	254	240	227	229	235	231
Operating Profit	22	29	37	25	26	33	26	25	23	28	28	22	24
OPM %	11%	14%	15%	11%	11%	12%	10%	9%	9%	11%	11%	8%	10%
Other Income +	10	17	1	19	1	3	20	8	7	5	32	6	8
Interest	2	2	2	2	2	2	2	3	2	2	2	2	2
Depreciation	20	20	19	34	19	18	19	19	19	21	21	20	15
Profit before tax	10	24	18	8	7	16	25	11	9	11	36	5	15
Tax %	32%	17%	34%	18%	42%	20%	30%	2%	53%	20%	32%	30%	22%
Net Profit +	7	20	12	7	4	13	18	11	4	8	24	3	12
EPS in Rs	0.74	2.15	1.22	0.73	0.44	1.39	1.87	1.17	0.43	0.89	2.58	0.35	1.22
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Related Party Close Segments Geographical Segments

Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales +	359	467	532	440	442	421	695	746	709	895	1,080	1,031	1,024
Expenses +	301	405	390	322	343	342	570	635	648	781	970	931	922
Operating Profit	58	62	143	118	99	80	125	112	61	114	111	101	102
OPM %	16%	13%	27%	27%	22%	19%	18%	15%	9%	13%	10%	10%	10%
Other Income +	9	13	-8	34	42	40	-10	19	41	46	33	50	50
Interest	11	13	11	9	7	5	9	9	8	7	8	8	8
Depreciation	19	28	41	39	37	45	78	86	79	92	75	82	77
Profit before tax	37	35	83	103	97	69	28	35	15	61	60	60	66
Tax %	35%	62%	44%	34%	31%	33%	75%	28%	105%	24%	23%	33%
Net Profit +	24	13	46	69	67	46	7	26	-1	46	46	40	48
EPS in Rs	773.61	320.87	5.67	7.25	7.02	4.86	1.21	3.68	0.24	4.84	4.87	4.25	5.04
Dividend Payout %	1%	3%	1%	14%	21%	21%	82%	26%	415%	23%	21%	24%

Compounded Sales Growth
10 Years:	8%
5 Years:	8%
3 Years:	13%
TTM:	-7%

Compounded Profit Growth
10 Years:	8%
5 Years:	18%
3 Years:	223%
TTM:	-23%

Stock Price CAGR
10 Years:	%
5 Years:	46%
3 Years:	48%
1 Year:	-8%

Return on Equity
10 Years:	7%
5 Years:	4%
3 Years:	5%
Last Year:	4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Corporate actions

Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	3	4	82	95	95	95	95	95	95	95	95	95
Reserves	106	170	150	399	464	487	510	523	548	587	622	653
Borrowings +	179	223	222	166	111	107	169	200	176	136	105	110
Other Liabilities +	108	115	141	111	112	196	256	214	202	239	281	178
Total Liabilities	396	512	595	771	781	885	1,030	1,031	1,020	1,057	1,102	1,037
Fixed Assets +	199	229	231	191	216	349	490	444	426	360	311	325
CWIP	24	5	16	14	9	9	26	34	9	34	82	28
Investments	0	62	62	76	117	154	100	130	196	194	177	225
Other Assets +	173	216	285	490	440	373	414	423	388	469	532	459
Total Assets	396	512	595	771	781	885	1,030	1,031	1,020	1,057	1,102	1,037

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	31	78	120	78	64	103	40	58	120	88	103	131
Cash from Investing Activity +	-36	-100	-97	-300	-2	-22	-33	-57	-85	-39	-37	-94
Cash from Financing Activity +	-11	39	2	194	-67	-71	-10	3	-37	-61	-60	-13
Net Cash Flow	-17	16	24	-28	-5	10	-3	4	-2	-13	6	25

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	82	88	72	74	87	96	74	84	79	67	70	62
Inventory Days	107	104	96	110	88	161	169	185	160	196	171	130
Days Payable	152	153	151	177	187	219	153	134	144	98	97	106
Cash Conversion Cycle	37	38	17	8	-11	39	91	135	96	166	144	86
Working Capital Days	40	26	8	21	21	31	73	96	75	76	62	64
ROCE %	17%	14%	26%	19%	16%	11%	8%	6%	0%	4%	8%	6%

Shareholding Pattern

Numbers in percentages

Quarterly Yearly 4 Recently

Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters +	65.37%	65.37%	65.37%	65.37%	65.37%	65.37%	65.37%	65.37%	65.37%	65.37%	65.37%	65.37%
FIIs +	0.12%	0.14%	0.14%	0.22%	0.22%	0.17%	0.03%	0.07%	0.11%	0.12%	0.12%	0.12%
DIIs +	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.12%	0.13%	0.13%	0.08%	0.08%
Public +	34.51%	34.49%	34.49%	34.41%	34.42%	34.45%	34.59%	34.46%	34.40%	34.39%	34.43%	34.43%
No. of Shareholders	47,054	53,038	54,829	54,420	52,818	51,964	51,706	49,156	48,520	47,767	50,444	51,094

Feb 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Jun 2024
Promoters +	63.91%	63.88%	63.83%	63.99%	65.37%	65.37%	65.37%	65.37%	65.37%	65.37%
FIIs +	0.00%	0.86%	1.21%	0.88%	0.88%	0.88%	0.14%	0.03%	0.12%	0.12%
DIIs +	12.88%	15.80%	12.96%	8.67%	7.77%	0.00%	0.00%	0.00%	0.08%	0.08%
Public +	23.20%	19.46%	22.00%	26.46%	25.98%	33.75%	34.49%	34.59%	34.43%	34.43%
No. of Shareholders	1,06,944	40,293	40,482	38,075	36,061	41,163	54,829	51,706	50,444	51,094

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Recent Important Search All

Clarification On Significant Price Movement. 24 Aug
Clarification sought from Precision Camshafts Ltd

23 Aug - Exchange has sought clarification from Precision Camshafts Ltd on August 23, 2024, with reference to significant movement in price, in order to ensure that investors …

21 Aug - Transcript of Earnings Call held on Monday, 19th August 2024 at 12:15 PM. 19 Aug - Audio Recording of Earning Call for Quarter ended 30th June 2024.

19 Aug - Addendum to our letter number PCL/SEC/24-25/039 dated 17th August 2024 submitting revised Investor Presentation for the quarter ended 30th June 2024.