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 ₹ 1,876 Cr.
- Current Price ₹ 198
- High / Low ₹ 319 / 94.1
- Stock P/E 52.6
- Book Value ₹ 75.8
- Dividend Yield 0.51 %
- ROCE 8.30 %
- ROE 6.55 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 153%
Cons
- Stock is trading at 2.60 times its book value
- Company has a low return on equity of 3.53% over last 3 years.
- Earnings include an other income of Rs.52.7 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.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
303 | 359 | 467 | 532 | 440 | 442 | 421 | 695 | 746 | 709 | 895 | 1,080 | 1,054 | |
261 | 301 | 405 | 390 | 322 | 343 | 342 | 570 | 635 | 648 | 781 | 970 | 950 | |
Operating Profit | 42 | 58 | 62 | 143 | 118 | 99 | 80 | 125 | 112 | 61 | 114 | 111 | 103 |
OPM % | 14% | 16% | 13% | 27% | 27% | 22% | 19% | 18% | 15% | 9% | 13% | 10% | 10% |
9 | 9 | 13 | -8 | 34 | 42 | 40 | -10 | 19 | 41 | 46 | 33 | 53 | |
Interest | 11 | 11 | 13 | 11 | 9 | 7 | 5 | 9 | 9 | 8 | 7 | 8 | 9 |
Depreciation | 12 | 19 | 28 | 41 | 39 | 37 | 45 | 78 | 86 | 79 | 92 | 75 | 80 |
Profit before tax | 28 | 37 | 35 | 83 | 103 | 97 | 69 | 28 | 35 | 15 | 61 | 60 | 67 |
Tax % | 34% | 35% | 62% | 44% | 34% | 31% | 33% | 75% | 28% | 105% | 24% | 23% | |
19 | 24 | 13 | 46 | 69 | 67 | 46 | 7 | 26 | -1 | 46 | 46 | 48 | |
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 | 4.87 | 5.07 |
Dividend Payout % | 2% | 1% | 3% | 1% | 14% | 21% | 21% | 82% | 26% | 415% | 23% | 21% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 21% |
3 Years: | 13% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 0% |
3 Years: | 21% |
TTM: | 5% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 27% |
3 Years: | 70% |
1 Year: | 109% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 3% |
3 Years: | 4% |
Last Year: | 7% |
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 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 4 | 82 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 |
Reserves | 82 | 106 | 170 | 150 | 399 | 464 | 487 | 510 | 523 | 548 | 587 | 622 | 625 |
180 | 179 | 223 | 222 | 166 | 111 | 107 | 169 | 200 | 176 | 136 | 97 | 104 | |
72 | 108 | 115 | 141 | 111 | 112 | 196 | 256 | 214 | 202 | 239 | 288 | 279 | |
Total Liabilities | 336 | 396 | 512 | 595 | 771 | 781 | 885 | 1,030 | 1,031 | 1,020 | 1,057 | 1,102 | 1,104 |
104 | 199 | 229 | 231 | 191 | 216 | 349 | 490 | 444 | 426 | 360 | 311 | 364 | |
CWIP | 52 | 24 | 5 | 16 | 14 | 9 | 9 | 26 | 34 | 9 | 34 | 82 | 17 |
Investments | 0 | 0 | 62 | 62 | 76 | 117 | 154 | 100 | 130 | 196 | 194 | 177 | 185 |
181 | 173 | 216 | 285 | 490 | 440 | 373 | 414 | 423 | 388 | 469 | 532 | 538 | |
Total Assets | 336 | 396 | 512 | 595 | 771 | 781 | 885 | 1,030 | 1,031 | 1,020 | 1,057 | 1,102 | 1,104 |
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 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
48 | 31 | 78 | 120 | 78 | 64 | 103 | 40 | 58 | 120 | 88 | 103 | |
-106 | -36 | -100 | -97 | -300 | -2 | -22 | -33 | -57 | -85 | -39 | -37 | |
87 | -11 | 39 | 2 | 194 | -67 | -71 | -10 | 3 | -37 | -61 | -60 | |
Net Cash Flow | 28 | -17 | 16 | 24 | -28 | -5 | 10 | -3 | 4 | -2 | -13 | 6 |
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 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 67 | 82 | 88 | 72 | 74 | 87 | 96 | 74 | 84 | 79 | 67 | 70 |
Inventory Days | 62 | 107 | 104 | 96 | 110 | 88 | 161 | 169 | 185 | 160 | 196 | 171 |
Days Payable | 102 | 152 | 153 | 151 | 177 | 187 | 219 | 153 | 134 | 144 | 98 | 97 |
Cash Conversion Cycle | 27 | 37 | 38 | 17 | 8 | -11 | 39 | 91 | 135 | 96 | 166 | 144 |
Working Capital Days | 21 | 40 | 26 | 8 | 21 | 21 | 31 | 73 | 96 | 75 | 76 | 62 |
ROCE % | 17% | 14% | 26% | 19% | 16% | 11% | 8% | 6% | 0% | 4% | 8% |
Documents
Announcements
- Closure of Trading Window 2d
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
4 Mar - Transcript of Earnings Call held on 1st March 2024 under Regulation 30 of SEBI (LODR) 2015.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1 Mar - Audio Recording of earning call for Quarter ended 31st December 2023 FY 2023-24.
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Announcement under Regulation 30 (LODR)-Investor Presentation
29 Feb - Submission of Investor Presentation under Regulation 30 (2) of SEBI (LODR) 2015 for the quarter ended 31st December 2023.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
27 Feb - Earning Call for Investor/ Analysts scheduled on Friday, 1st March 2024 under Regulation 30 of SEBI (LODR) Regulations, 2015.
Annual reports
Concalls
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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 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Dec 2021TranscriptPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021Transcript PPT
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May 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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Mar 2020Transcript PPT
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Feb 2020TranscriptNotesPPT
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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 2019TranscriptNotesPPT
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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 2017TranscriptNotesPPT
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Jun 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
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Feb 2017TranscriptNotesPPT
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Dec 2016TranscriptNotesPPT
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 in 17 countries. [1]