Precision Camshafts Ltd

About [ edit ]

Precision Camshafts is engaged in the Business of Manufacture of parts for motor vehicle.

  • Market Cap 437 Cr.
  • Current Price 46.0
  • High / Low 51.9 / 22.5
  • Stock P/E 8.80
  • Book Value 71.0
  • Dividend Yield 2.07 %
  • ROCE 10.5 %
  • ROE 9.21 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.65 times its book value
  • Company has been maintaining a healthy dividend payout of 20.65%

Cons

  • The company has delivered a poor sales growth of -2.95% over past five years.
  • Company has a low return on equity of 7.26% for last 3 years.
  • Earnings include an other income of Rs.53.64 Cr.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
105 95 98 108 123 115 108 111 109 40 96 115
87 76 79 86 84 92 85 83 84 42 77 89
Operating Profit 18 19 19 22 39 24 24 27 25 -2 19 26
OPM % 17% 20% 19% 20% 31% 20% 22% 25% 23% -6% 20% 22%
Other Income 10 5 4 4 3 5 5 19 11 21 11 11
Interest 1 1 1 1 1 1 1 1 1 0 0 0
Depreciation 11 11 12 12 12 13 13 13 12 7 10 9
Profit before tax 15 13 10 14 28 15 15 33 23 11 20 27
Tax % 39% 42% 35% 42% 28% 31% -5% 24% 8% 27% 18% 26%
Net Profit 9 8 7 8 21 10 15 25 21 8 16 20
EPS in Rs 1.00 0.79 0.71 0.85 2.16 1.08 1.63 2.61 2.26 0.84 1.70 2.13

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
151 192 273 303 357 459 514 436 443 401 424 443 360
128 147 232 258 299 397 376 318 342 324 325 343 292
Operating Profit 23 45 41 44 58 63 138 118 101 77 99 100 67
OPM % 15% 23% 15% 15% 16% 14% 27% 27% 23% 19% 23% 22% 19%
Other Income 5 1 4 9 9 12 -5 21 31 25 17 40 54
Interest 7 7 9 11 11 12 11 9 7 5 3 3 2
Depreciation 9 9 10 12 19 27 39 39 37 43 47 51 38
Profit before tax 13 30 26 30 38 36 83 91 87 54 66 86 81
Tax % 33% 11% 32% 31% 34% 60% 42% 35% 30% 35% 35% 16%
Net Profit 9 26 18 21 25 14 48 59 61 35 43 72 66
EPS in Rs 275.23 854.46 571.15 679.82 804.33 344.57 5.82 6.20 6.42 3.66 4.52 7.59 6.93
Dividend Payout % 4% 1% 2% 1% 1% 3% 1% 16% 23% 27% 22% 13%
Compounded Sales Growth
10 Years:9%
5 Years:-3%
3 Years:-0%
TTM:-21%
Compounded Profit Growth
10 Years:8%
5 Years:-2%
3 Years:-2%
TTM:-21%
Stock Price CAGR
10 Years:%
5 Years:-21%
3 Years:-23%
1 Year:71%
Return on Equity
10 Years:12%
5 Years:9%
3 Years:7%
Last Year:9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
21 12 3 3 3 4 82 95 95 95 95 95 95
Reserves 29 50 64 84 109 173 154 395 457 475 507 555 580
Borrowings 46 67 68 158 153 177 184 166 111 47 27 23 13
55 62 86 92 128 147 134 107 107 108 110 87 82
Total Liabilities 132 182 220 338 394 501 554 764 770 726 740 760 770
70 73 93 104 199 223 200 191 216 242 279 245 230
CWIP 6 13 3 52 22 0 9 14 9 9 8 8 10
Investments 0 0 0 1 3 73 76 68 102 184 172 206 238
55 96 123 181 169 204 269 490 443 291 280 300 292
Total Assets 132 182 220 338 394 501 554 764 770 726 740 760 770

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
38 25 50 33 81 120 77 65 99 64 67
-35 -12 -97 -27 -90 -68 -300 -2 -20 -25 -28
-1 -15 75 -23 19 -25 194 -67 -87 -34 -29
Net Cash Flow 2 -2 28 -18 10 27 -29 -4 -8 5 11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 22% 34% 26% 22% 19% 15% 28% 19% 14% 8% 10% 10%
Debtor Days 56 79 92 68 86 89 75 77 92 75 86 93
Inventory Turnover 11.90 9.01 6.97 6.09 4.78 3.85 5.61 4.65 5.29 6.07 5.81 4.69

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
63.90 63.83 63.99 63.99 63.99 63.99 65.30 65.37 65.37 65.37 65.37 65.37
1.11 0.89 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88 0.88
10.30 8.82 8.83 8.67 8.35 9.82 7.93 7.77 3.27 0.47 0.47 0.00
24.69 26.46 26.30 26.46 26.78 25.31 25.88 25.98 30.48 33.28 33.28 33.75

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