Precision Camshafts Ltd

Precision Camshafts Ltd

₹ 205 -1.72%
13 Jun - close price
About

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

Business Segments
1) Camshafts & Assemblies (87% in Q2 FY25 vs 74% in FY22): [1] [2] The company is a leading manufacturer of camshafts with a domestic market share of 70% and a global market share of 9%. The company offers 150+ varieties of camshafts, primarily for passenger vehicles, including Chilled Cast Iron, Ductile Iron, Hybrid, and Assembled Camshafts. Additionally, its subsidiary MFT produces Balancer Shafts & Assemblies, Prismatic Components, etc. The segment revenue grew by 20% between FY22-FY24, driven by higher sales volumes. [3] [4]

  • Market Cap 1,948 Cr.
  • Current Price 205
  • High / Low 383 / 140
  • Stock P/E 135
  • Book Value 93.5
  • Dividend Yield 0.49 %
  • ROCE 8.05 %
  • ROE 1.62 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 6.68% over past five years.
  • Company has a low return on equity of 6.05% over last 3 years.
  • Dividend payout has been low at 9.23% of profits over last 3 years
  • Working capital days have increased from 134 days to 262 days

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
150 147 160 151 169 171 172 161 170 164 168 143 137
124 123 138 129 147 143 143 130 145 137 141 127 122
Operating Profit 27 24 22 22 22 28 29 31 26 26 27 16 15
OPM % 18% 16% 14% 14% 13% 16% 17% 19% 15% 16% 16% 12% 11%
5 2 4 20 8 7 5 12 6 7 14 2 -26
Interest 1 1 1 1 1 1 1 1 1 1 1 1 2
Depreciation 9 9 9 10 8 9 10 11 10 11 10 10 9
Profit before tax 22 16 16 32 20 25 23 32 20 22 29 7 -22
Tax % 26% 24% 24% 28% 29% 21% 13% 25% 24% 17% 37% 25% 58%
16 12 12 23 14 20 20 24 15 18 18 5 -34
EPS in Rs 1.71 1.27 1.27 2.40 1.48 2.07 2.09 2.48 1.61 1.90 1.93 0.56 -3.62
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
459 514 436 443 401 424 443 382 512 626 675 612
397 376 318 342 324 325 343 306 418 536 560 527
Operating Profit 63 138 118 101 77 99 100 75 94 90 114 85
OPM % 14% 27% 27% 23% 19% 23% 23% 20% 18% 14% 17% 14%
12 -5 21 31 25 17 40 42 32 33 30 -4
Interest 12 11 9 7 5 3 3 2 3 4 5 5
Depreciation 27 39 39 37 43 47 51 35 37 36 40 40
Profit before tax 36 83 91 87 54 66 86 81 86 83 100 37
Tax % 60% 42% 35% 30% 35% 35% 16% 24% 23% 27% 21% 80%
14 48 59 61 35 43 72 62 66 61 78 7
EPS in Rs 344.57 5.82 6.20 6.42 3.66 4.52 7.59 6.49 6.96 6.42 8.25 0.77
Dividend Payout % 3% 1% 16% 23% 27% 22% 13% 15% 16% 16% 12% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: 7%
3 Years: 6%
TTM: -9%
Compounded Profit Growth
10 Years: -14%
5 Years: -24%
3 Years: -35%
TTM: -82%
Stock Price CAGR
10 Years: %
5 Years: 49%
3 Years: 28%
1 Year: 1%
Return on Equity
10 Years: 8%
5 Years: 6%
3 Years: 6%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 4 82 95 95 95 95 95 95 95 95 95 95
Reserves 173 154 395 457 475 507 555 617 675 726 795 793
177 184 166 111 47 27 23 37 45 42 59 72
147 134 107 107 108 110 87 103 102 122 116 116
Total Liabilities 501 554 764 770 726 740 760 852 917 984 1,065 1,076
223 200 191 216 242 279 245 226 205 182 249 221
CWIP 0 9 14 9 9 8 8 6 33 81 27 57
Investments 73 76 68 102 184 172 206 270 261 334 381 402
204 269 490 443 291 280 300 351 418 388 408 396
Total Assets 501 554 764 770 726 740 760 852 917 984 1,065 1,076

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
81 120 77 65 99 64 66 102 59 67 89 120
-90 -68 -300 -2 -20 -25 -27 -121 -65 -51 -87 -101
19 -25 194 -67 -87 -34 -29 13 -5 -17 3 -4
Net Cash Flow 10 27 -29 -4 -8 5 11 -7 -11 -1 5 15

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 89 75 77 92 75 86 93 87 88 84 74 90
Inventory Days 101 82 110 83 77 103 131 178 136 112 136 119
Days Payable 144 144 178 186 183 191 169 255 160 151 143 131
Cash Conversion Cycle 46 13 8 -12 -31 -3 54 10 64 46 67 78
Working Capital Days 28 13 23 23 10 61 92 76 84 69 72 262
ROCE % 15% 28% 19% 14% 8% 10% 11% 9% 9% 10% 12% 8%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
65.37% 65.37% 65.37% 65.37% 65.37% 65.37% 65.37% 65.37% 65.37% 65.37% 65.37% 65.37%
0.22% 0.22% 0.17% 0.03% 0.07% 0.11% 0.12% 0.12% 0.12% 0.15% 0.23% 0.40%
0.00% 0.00% 0.00% 0.00% 0.12% 0.13% 0.13% 0.08% 0.08% 0.08% 0.02% 0.00%
34.41% 34.42% 34.45% 34.59% 34.46% 34.40% 34.39% 34.43% 34.43% 34.40% 34.37% 34.22%
No. of Shareholders 54,42052,81851,96451,70649,15648,52047,76750,44451,09451,31554,18454,612

* 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.

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