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]
- Market Cap ₹ 1,623 Cr.
- Current Price ₹ 171
- High / Low ₹ 383 / 140
- Stock P/E 42.5
- Book Value ₹ 93.5
- Dividend Yield 0.59 %
- ROCE 7.81 %
- ROE 1.57 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 52.2%
- Company's working capital requirements have reduced from 38.7 days to 31.0 days
Cons
- The company has delivered a poor sales growth of 6.68% over past five years.
- Company has a low return on equity of 6.03% over last 3 years.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
459 | 514 | 436 | 443 | 401 | 424 | 443 | 382 | 512 | 626 | 675 | 612 | 585 | |
397 | 376 | 318 | 342 | 324 | 325 | 343 | 306 | 418 | 536 | 560 | 527 | 509 | |
Operating Profit | 63 | 138 | 118 | 101 | 77 | 99 | 100 | 75 | 94 | 90 | 114 | 85 | 76 |
OPM % | 14% | 27% | 27% | 23% | 19% | 23% | 23% | 20% | 18% | 14% | 17% | 14% | 13% |
12 | -5 | 21 | 31 | 25 | 17 | 40 | 42 | 32 | 33 | 30 | -4 | 17 | |
Interest | 12 | 11 | 9 | 7 | 5 | 3 | 3 | 2 | 3 | 4 | 5 | 5 | 5 |
Depreciation | 27 | 39 | 39 | 37 | 43 | 47 | 51 | 35 | 37 | 36 | 40 | 40 | 38 |
Profit before tax | 36 | 83 | 91 | 87 | 54 | 66 | 86 | 81 | 86 | 83 | 100 | 37 | 49 |
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 | 15 | |
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 | 1.57 |
Dividend Payout % | 3% | 1% | 16% | 23% | 27% | 22% | 13% | 15% | 16% | 16% | 12% | 129% |
Compounded Sales Growth | |
---|---|
10 Years: | 2% |
5 Years: | 7% |
3 Years: | 6% |
TTM: | -12% |
Compounded Profit Growth | |
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10 Years: | -14% |
5 Years: | -25% |
3 Years: | -35% |
TTM: | -50% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 38% |
3 Years: | 11% |
1 Year: | -30% |
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 | 77 |
Working Capital Days | -13 | -29 | -28 | -12 | -10 | 38 | 74 | 41 | 52 | 45 | 40 | 31 |
ROCE % | 15% | 28% | 19% | 14% | 8% | 10% | 11% | 9% | 9% | 10% | 12% | 8% |
Documents
Announcements
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The Company Hereby Informs About The Initiation Of Insolvency Proceedings In Respect Of Overseas Subsidiary.
20h - Initiation of insolvency proceedings for Germany subsidiary MFT; contributed INR111.45 Crore (12.92%) in FY2024-25.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
28 Aug - Company hereby submits the transcript of earnings call for the quarter ended June 30, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
26 Aug - Audio recording of Q1 FY26 (June 30, 2025) earnings call uploaded on company website on Aug 26, 2025.
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Announcement under Regulation 30 (LODR)-Investor Presentation
25 Aug - Company is hereby submitting the investor presentation for the quarter ended June 30, 2025
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Communication Under 100 Days Campaign - ''Saksham Niveshak''
21 Aug - Launches IEPFA 'Saksham Niveshak' 100-day campaign Jul 28–Nov 06, 2025 to claim unpaid dividends.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Concalls
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Aug 2024TranscriptNotesPPT
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Jun 2024Transcript PPT
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Mar 2024Transcript PPT
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Dec 2023Transcript PPT REC
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Sep 2023Transcript PPT REC
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Jun 2023Transcript PPT REC
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Dec 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Dec 2021TranscriptPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021Transcript PPT
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May 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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Mar 2020Transcript PPT
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Feb 2020TranscriptNotesPPT
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Nov 2019Transcript PPT
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Sep 2019Transcript PPT
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Jul 2019TranscriptPPT
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May 2019TranscriptNotesPPT
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Aug 2018Transcript PPT
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Jun 2018Transcript PPT
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Apr 2018TranscriptPPT
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Mar 2018Transcript PPT
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Nov 2017TranscriptNotesPPT
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Jun 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
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Feb 2017TranscriptNotesPPT
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Dec 2016TranscriptNotesPPT
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]