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 ₹ 1,479 Cr.
- Current Price ₹ 156
- High / Low ₹ 380 / 140
- Stock P/E 44.2
- Book Value ₹ 85.8
- Dividend Yield 0.64 %
- ROCE 6.19 %
- ROE 3.93 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 20.5%
- Company's working capital requirements have reduced from 27.0 days to 16.5 days
Cons
- The company has delivered a poor sales growth of 3.01% over past five years.
- Company has a low return on equity of 4.74% over last 3 years.
- Earnings include an other income of Rs.92.9 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 467 | 532 | 440 | 442 | 421 | 695 | 746 | 709 | 895 | 1,080 | 1,031 | 865 | 778 | |
| 405 | 390 | 322 | 343 | 342 | 570 | 635 | 648 | 781 | 970 | 931 | 784 | 717 | |
| Operating Profit | 62 | 143 | 118 | 99 | 80 | 125 | 112 | 61 | 114 | 111 | 101 | 82 | 62 |
| OPM % | 13% | 27% | 27% | 22% | 19% | 18% | 15% | 9% | 13% | 10% | 10% | 9% | 8% |
| 13 | -8 | 34 | 42 | 40 | -10 | 19 | 41 | 46 | 33 | 50 | 67 | 93 | |
| Interest | 13 | 11 | 9 | 7 | 5 | 9 | 9 | 8 | 7 | 8 | 8 | 8 | 8 |
| Depreciation | 28 | 41 | 39 | 37 | 45 | 78 | 86 | 79 | 92 | 75 | 82 | 57 | 52 |
| Profit before tax | 35 | 83 | 103 | 97 | 69 | 28 | 35 | 15 | 61 | 60 | 60 | 83 | 94 |
| Tax % | 62% | 44% | 34% | 31% | 33% | 75% | 28% | 105% | 24% | 23% | 33% | 35% | |
| 13 | 46 | 69 | 67 | 46 | 7 | 26 | -1 | 46 | 46 | 40 | 54 | 66 | |
| EPS in Rs | 320.87 | 5.67 | 7.25 | 7.02 | 4.86 | 1.21 | 3.68 | 0.24 | 4.84 | 4.87 | 4.25 | 5.70 | 6.96 |
| Dividend Payout % | 3% | 1% | 14% | 21% | 21% | 82% | 26% | 415% | 23% | 21% | 24% | 18% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 3% |
| 3 Years: | -1% |
| TTM: | -22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -7% |
| 5 Years: | -3% |
| 3 Years: | 6% |
| TTM: | -5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 28% |
| 3 Years: | 13% |
| 1 Year: | -55% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 4% |
| 3 Years: | 5% |
| Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 82 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 |
| Reserves | 170 | 150 | 399 | 464 | 487 | 510 | 523 | 548 | 587 | 622 | 653 | 698 | 720 |
| 223 | 222 | 166 | 111 | 107 | 169 | 200 | 176 | 136 | 105 | 110 | 120 | 65 | |
| 115 | 141 | 111 | 112 | 196 | 256 | 214 | 202 | 239 | 281 | 178 | 164 | 159 | |
| Total Liabilities | 512 | 595 | 771 | 781 | 885 | 1,030 | 1,031 | 1,020 | 1,057 | 1,102 | 1,037 | 1,077 | 1,039 |
| 229 | 231 | 191 | 216 | 349 | 490 | 444 | 426 | 360 | 311 | 325 | 286 | 252 | |
| CWIP | 5 | 16 | 14 | 9 | 9 | 26 | 34 | 9 | 34 | 82 | 28 | 58 | 106 |
| Investments | 62 | 62 | 76 | 117 | 154 | 100 | 130 | 196 | 194 | 177 | 225 | 320 | 352 |
| 216 | 285 | 490 | 440 | 373 | 414 | 423 | 388 | 469 | 532 | 459 | 413 | 330 | |
| Total Assets | 512 | 595 | 771 | 781 | 885 | 1,030 | 1,031 | 1,020 | 1,057 | 1,102 | 1,037 | 1,077 | 1,039 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 78 | 120 | 78 | 64 | 103 | 40 | 58 | 120 | 88 | 103 | 131 | 143 | |
| -100 | -97 | -300 | -2 | -22 | -33 | -57 | -85 | -39 | -37 | -94 | -124 | |
| 39 | 2 | 194 | -67 | -71 | -10 | 3 | -37 | -61 | -60 | -13 | -14 | |
| Net Cash Flow | 16 | 24 | -28 | -5 | 10 | -3 | 4 | -2 | -13 | 6 | 25 | 5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 88 | 72 | 74 | 87 | 96 | 74 | 84 | 79 | 67 | 70 | 62 | 69 |
| Inventory Days | 104 | 96 | 110 | 88 | 161 | 169 | 185 | 160 | 196 | 171 | 130 | 139 |
| Days Payable | 153 | 151 | 177 | 187 | 219 | 153 | 134 | 144 | 98 | 97 | 106 | 116 |
| Cash Conversion Cycle | 38 | 17 | 8 | -11 | 39 | 91 | 135 | 96 | 166 | 144 | 86 | 92 |
| Working Capital Days | -17 | -36 | -29 | -14 | 11 | 49 | 78 | 26 | 33 | 35 | 30 | 17 |
| ROCE % | 14% | 26% | 19% | 16% | 11% | 8% | 6% | 0% | 4% | 8% | 6% | 6% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
5 Dec - Company hereby submits the transcript of earnings call held for Q2 FY 2025-26.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2 Dec - Audio recording of earnings call for quarter ended Sep 30, 2025 uploaded (call held Dec 2, 2025).
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Announcement under Regulation 30 (LODR)-Investor Presentation
1 Dec - Company is hereby submitting the investor presentation for Q2 FY 2025-26 earnings.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Nov - Precision Camshafts Q2 FY25-26 earnings call Dec 2, 2025, 12:00 IST.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Nov - Company has published its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 in the newspapers.
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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Dec 2025Transcript PPT REC
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Aug 2024TranscriptAI SummaryPPT
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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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Mar 2023Transcript PPT
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Dec 2022Transcript PPT
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Sep 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Dec 2021TranscriptPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021Transcript PPT
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May 2021TranscriptAI SummaryPPT
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May 2021TranscriptAI SummaryPPT
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Mar 2020Transcript PPT
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Feb 2020TranscriptAI SummaryPPT
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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 2019TranscriptAI SummaryPPT
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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 2017TranscriptAI SummaryPPT
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Jun 2017TranscriptAI SummaryPPT
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May 2017TranscriptAI SummaryPPT
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Feb 2017TranscriptAI SummaryPPT
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Dec 2016TranscriptAI SummaryPPT
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]