Precision Camshafts Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 635 Cr.
  • Current Price 66.8
  • High / Low 75.8 / 26.4
  • Stock P/E 277
  • Book Value 67.7
  • Dividend Yield 1.50 %
  • ROCE 1.00 %
  • ROE 0.36 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.99 times its book value
  • Company has been maintaining a healthy dividend payout of 174.36%

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 2.66% for last 3 years.
  • Earnings include an other income of Rs.41.00 Cr.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
154 162 179 200 197 181 189 179 97 184 209 219
133 139 151 148 170 153 160 152 98 165 180 209
Operating Profit 22 23 28 52 27 28 29 27 -0 19 29 10
OPM % 14% 14% 16% 26% 14% 16% 15% 15% -0% 10% 14% 4%
Other Income 6 4 5 -25 4 4 20 -10 20 11 10 4
Interest 2 2 3 1 2 2 3 2 2 2 2 2
Depreciation 17 21 19 21 21 21 22 22 17 21 20 22
Profit before tax 8 5 11 5 9 9 25 -7 1 7 18 -10
Tax % 76% 75% 42% 129% 77% -30% 31% -3% 147% 40% 36% -50%
Net Profit 4 1 1 3 6 14 19 -4 2 5 11 -15
EPS in Rs 0.38 0.12 0.06 0.28 0.63 1.43 2.04 -0.42 0.20 0.49 1.18 -1.63

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
303 359 467 532 440 442 421 695 746 709
261 301 405 390 323 343 342 571 635 648
Operating Profit 42 58 62 143 117 99 80 125 111 61
OPM % 14% 16% 13% 27% 27% 22% 19% 18% 15% 9%
Other Income 9 9 13 -8 34 42 40 -10 20 41
Interest 11 11 13 11 9 7 5 9 9 8
Depreciation 12 19 28 41 39 37 45 78 86 79
Profit before tax 28 37 35 83 103 97 69 28 35 15
Tax % 34% 35% 62% 44% 34% 31% 33% 75% 28% 105%
Net Profit 19 24 13 46 69 67 46 12 35 2
EPS in Rs 599.61 773.61 320.87 5.67 7.25 7.02 4.86 1.21 3.68 0.24
Dividend Payout % 2% 1% 3% 1% 14% 21% 21% 82% 26% 415%
Compounded Sales Growth
10 Years:%
5 Years:10%
3 Years:19%
TTM:-5%
Compounded Profit Growth
10 Years:%
5 Years:-49%
3 Years:-63%
TTM:-93%
Stock Price CAGR
10 Years:%
5 Years:-13%
3 Years:-10%
1 Year:117%
Return on Equity
10 Years:%
5 Years:5%
3 Years:3%
Last Year:0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
3 3 4 82 95 95 95 95 95 95
Reserves 82 106 170 150 399 464 487 510 523 548
Borrowings 180 179 223 222 166 111 107 169 200 140
72 108 115 141 111 112 196 256 214 239
Total Liabilities 336 396 512 595 771 781 885 1,030 1,031 1,022
104 199 229 231 191 216 349 490 444 426
CWIP 52 24 5 16 14 9 9 26 34 9
Investments 0 0 62 62 76 117 154 100 130 196
181 173 216 285 490 440 373 414 423 390
Total Assets 336 396 512 595 771 781 885 1,030 1,031 1,022

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
48 31 78 120 78 64 103 40 58 120
-106 -36 -100 -97 -300 -2 -22 -33 -57 -89
87 -11 39 2 194 -67 -71 -10 3 -35
Net Cash Flow 28 -17 16 24 -28 -5 10 -3 4 -4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 17% 14% 26% 19% 16% 11% 9% 6% 1%
Debtor Days 67 82 88 72 74 87 96 74 84 79
Inventory Turnover 4.49 3.68 5.06 4.29 5.07 3.97 3.55 2.84 2.13

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

Documents