Precision Camshafts Ltd

₹ 109 -2.98%
03 Oct - 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 9% Global market share.
The co. has an export presence in more than 20 countries.[1]

  • Market Cap 1,046 Cr.
  • Current Price 109
  • High / Low 190 / 85.3
  • Stock P/E 42.2
  • Book Value 71.8
  • Dividend Yield 1.01 %
  • ROCE 4.21 %
  • ROE 3.84 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 154%

Cons

  • Company has a low return on equity of 2.65% over last 3 years.
  • Earnings include an other income of Rs.37.3 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
197.10 180.77 188.89 179.47 97.27 183.59 209.29 218.83 207.40 214.55 244.04 229.03 240.00
169.96 152.73 159.77 152.08 97.62 164.73 180.34 209.15 185.60 185.20 206.68 203.61 213.58
Operating Profit 27.14 28.04 29.12 27.39 -0.35 18.86 28.95 9.68 21.80 29.35 37.36 25.42 26.42
OPM % 13.77% 15.51% 15.42% 15.26% -0.36% 10.27% 13.83% 4.42% 10.51% 13.68% 15.31% 11.10% 11.01%
4.41 4.49 19.97 -9.58 20.43 10.58 10.48 3.81 10.01 16.56 0.84 18.94 0.98
Interest 1.80 2.35 2.83 2.10 1.72 1.86 1.89 2.17 1.80 1.86 1.66 1.98 1.50
Depreciation 21.04 21.22 21.68 22.48 17.01 20.61 20.04 21.66 19.60 19.62 18.91 33.90 18.73
Profit before tax 8.71 8.96 24.58 -6.77 1.35 6.97 17.50 -10.34 10.41 24.43 17.63 8.48 7.17
Tax % 77.27% -29.80% 31.24% -3.40% 147.41% 40.32% 36.11% -49.52% 32.47% 16.54% 34.03% 17.69% 41.70%
Net Profit 4.81 11.63 16.19 -7.00 -0.65 4.17 11.17 -15.47 7.03 20.39 11.63 6.97 4.19
EPS in Rs 0.63 1.43 2.04 -0.42 0.20 0.49 1.18 -1.63 0.74 2.15 1.22 0.73 0.44
Raw PDF

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 Mar 2022 TTM
303 359 467 532 440 442 421 695 746 709 895 928
261 301 405 390 322 343 342 570 635 648 781 809
Operating Profit 42 58 62 143 118 99 80 125 112 61 114 119
OPM % 14% 16% 13% 27% 27% 22% 19% 18% 15% 9% 13% 13%
9 9 13 -8 34 42 40 -10 19 41 46 37
Interest 11 11 13 11 9 7 5 9 9 8 7 7
Depreciation 12 19 28 41 39 37 45 78 86 79 92 91
Profit before tax 28 37 35 83 103 97 69 28 35 15 61 58
Tax % 34% 35% 62% 44% 34% 31% 33% 75% 28% 105% 24%
Net Profit 19 24 13 46 69 67 46 7 26 -1 46 43
EPS in Rs 599.61 773.61 320.87 5.67 7.25 7.02 4.86 1.21 3.68 0.24 4.84 4.54
Dividend Payout % 2% 1% 3% 1% 14% 21% 21% 82% 26% 415% 23%
Compounded Sales Growth
10 Years: 11%
5 Years: 15%
3 Years: 9%
TTM: 13%
Compounded Profit Growth
10 Years: 3%
5 Years: -17%
3 Years: 27%
TTM: 304%
Stock Price CAGR
10 Years: %
5 Years: 0%
3 Years: 59%
1 Year: 14%
Return on Equity
10 Years: 8%
5 Years: 4%
3 Years: 3%
Last Year: 4%

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 Mar 2022
3 3 4 82 95 95 95 95 95 95 95
Reserves 82 106 170 150 399 464 487 510 523 548 587
180 179 223 222 166 111 107 169 200 176 136
72 108 115 141 111 112 196 256 214 202 239
Total Liabilities 336 396 512 595 771 781 885 1,030 1,031 1,020 1,057
104 199 229 231 191 216 349 490 444 426 360
CWIP 52 24 5 16 14 9 9 26 34 9 34
Investments 0 0 62 62 76 117 154 100 130 196 194
181 173 216 285 490 440 373 414 423 388 469
Total Assets 336 396 512 595 771 781 885 1,030 1,031 1,020 1,057

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 Mar 2022
48 31 78 120 78 64 103 40 58 120 88
-106 -36 -100 -97 -300 -2 -22 -33 -57 -85 -39
87 -11 39 2 194 -67 -71 -10 3 -37 -61
Net Cash Flow 28 -17 16 24 -28 -5 10 -3 4 -2 -13

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 Mar 2022
Debtor Days 67 82 88 72 74 87 96 74 84 79 67
Inventory Days 62 107 104 96 110 88 161 169 185 160 196
Days Payable 102 152 153 151 177 187 219 153 134 144 98
Cash Conversion Cycle 27 37 38 17 8 -11 39 91 135 96 166
Working Capital Days 21 40 26 8 21 21 31 73 96 75 76
ROCE % 17% 14% 26% 19% 16% 11% 9% 6% 0% 4%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
63.99 65.30 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 0.88 0.12 0.12 0.14 0.14 0.22
9.82 7.93 7.77 3.27 0.47 0.47 0.00 0.00 0.00 0.00 0.00 0.00
25.31 25.88 25.98 30.48 33.28 33.28 33.75 34.51 34.51 34.49 34.49 34.41

Documents

Concalls