Precision Camshafts Ltd

₹ 108 -1.19%
05 Dec - 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

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 spanning 17 countries. [1] [2]

  • Market Cap 1,028 Cr.
  • Current Price 108
  • High / Low 190 / 85.3
  • Stock P/E 18.1
  • Book Value 82.5
  • Dividend Yield 1.02 %
  • ROCE 8.90 %
  • ROE 6.98 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of 2.94% over past five years.
  • Company has a low return on equity of 7.66% over last 3 years.
  • Dividend payout has been low at 14.6% of profits 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
108 111 109 40 96 115 131 101 117 145 150 147 160
85 83 84 42 77 89 102 84 99 113 124 123 138
Operating Profit 24 27 25 -2 19 26 29 17 18 32 27 24 22
OPM % 22% 25% 23% -6% 20% 22% 22% 17% 15% 22% 18% 16% 14%
5 19 11 21 11 11 4 11 16 1 5 2 4
Interest 1 1 1 0 0 0 1 0 1 1 1 1 1
Depreciation 13 13 12 7 10 9 9 9 9 9 9 9 9
Profit before tax 15 33 23 11 20 27 23 18 24 23 22 16 16
Tax % -5% 24% 8% 27% 18% 26% 25% 22% 18% 27% 26% 24% 24%
Net Profit 15 25 21 8 16 20 17 14 19 16 16 12 12
EPS in Rs 1.63 2.61 2.26 0.84 1.70 2.13 1.83 1.48 2.03 1.73 1.71 1.27 1.27
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
273 303 357 459 514 436 443 401 424 443 382 512 602
232 258 299 397 376 318 342 324 325 343 306 418 497
Operating Profit 41 44 58 63 138 118 101 77 99 100 75 94 105
OPM % 15% 15% 16% 14% 27% 27% 23% 19% 23% 23% 20% 18% 17%
4 9 9 12 -5 21 31 25 17 40 42 32 11
Interest 9 11 11 12 11 9 7 5 3 3 2 3 3
Depreciation 10 12 19 27 39 39 37 43 47 51 35 37 37
Profit before tax 26 30 38 36 83 91 87 54 66 86 81 86 76
Tax % 32% 31% 34% 60% 42% 35% 30% 35% 35% 16% 24% 23%
Net Profit 18 21 25 14 48 59 61 35 43 72 62 66 57
EPS in Rs 571.15 679.82 804.33 344.57 5.82 6.20 6.42 3.66 4.52 7.59 6.49 6.96 5.98
Dividend Payout % 2% 1% 1% 3% 1% 16% 23% 27% 22% 13% 15% 16%
Compounded Sales Growth
10 Years: 5%
5 Years: 3%
3 Years: 7%
TTM: 30%
Compounded Profit Growth
10 Years: 9%
5 Years: -3%
3 Years: 9%
TTM: -6%
Stock Price CAGR
10 Years: %
5 Years: -1%
3 Years: 36%
1 Year: -23%
Return on Equity
10 Years: 10%
5 Years: 7%
3 Years: 8%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
3 3 3 4 82 95 95 95 95 95 95 95 95
Reserves 64 84 109 173 154 395 457 475 507 555 617 675 689
68 158 153 177 184 166 111 47 27 23 37 45 60
86 92 128 147 134 107 107 108 110 87 103 102 117
Total Liabilities 220 338 394 501 554 764 770 726 740 760 852 917 960
93 104 199 223 200 191 216 242 279 245 226 205 244
CWIP 3 52 22 0 9 14 9 9 8 8 6 33 3
Investments 0 1 3 73 76 68 102 184 172 206 270 261 267
123 181 169 204 269 490 443 291 280 300 351 418 446
Total Assets 220 338 394 501 554 764 770 726 740 760 852 917 960

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
25 50 33 81 120 77 65 99 64 66 102 59
-12 -97 -27 -90 -68 -300 -2 -20 -25 -27 -121 -65
-15 75 -23 19 -25 194 -67 -87 -34 -29 13 -5
Net Cash Flow -2 28 -18 10 27 -29 -4 -8 5 11 -7 -11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 92 68 86 89 75 77 92 75 86 93 87 88
Inventory Days 69 60 98 101 82 110 83 77 103 131 178 136
Days Payable 145 101 152 144 144 178 186 183 191 169 255 160
Cash Conversion Cycle 16 27 32 46 13 8 -12 -31 -3 54 10 64
Working Capital Days 23 -4 15 28 13 23 23 10 61 92 76 84
ROCE % 26% 22% 19% 15% 28% 19% 14% 8% 10% 11% 9% 9%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
65.30 65.37 65.37 65.37 65.37 65.37 65.37 65.37 65.37 65.37 65.37 65.37
0.88 0.88 0.88 0.88 0.88 0.88 0.12 0.12 0.14 0.14 0.22 0.22
7.93 7.77 3.27 0.47 0.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00
25.88 25.98 30.48 33.28 33.28 33.75 34.51 34.51 34.49 34.49 34.41 34.42

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

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