Precision Camshafts Ltd

Precision Camshafts Ltd

₹ 151 -2.49%
30 May - 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 a 9% Global market share. The co. has an export presence spanning 17 countries. [1] [2]

  • Market Cap 1,434 Cr.
  • Current Price 151
  • High / Low 182 / 85.3
  • Stock P/E 31.0
  • Book Value 75.4
  • Dividend Yield 0.73 %
  • ROCE 8.40 %
  • ROE 6.62 %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of 3.56% over last 3 years.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
179 97 184 209 219 207 215 244 229 240 284 278 279
152 98 165 180 209 186 185 207 204 214 250 251 254
Operating Profit 27 -0 19 29 10 22 29 37 25 26 33 26 25
OPM % 15% -0% 10% 14% 4% 11% 14% 15% 11% 11% 12% 10% 9%
-10 20 11 10 4 10 17 1 19 1 3 20 8
Interest 2 2 2 2 2 2 2 2 2 2 2 2 3
Depreciation 22 17 21 20 22 20 20 19 34 19 18 19 19
Profit before tax -7 1 7 18 -10 10 24 18 8 7 16 25 11
Tax % -3% 147% 40% 36% -50% 32% 17% 34% 18% 42% 20% 30% 2%
Net Profit -7 -1 4 11 -15 7 20 12 7 4 13 18 11
EPS in Rs -0.42 0.20 0.49 1.18 -1.63 0.74 2.15 1.22 0.73 0.44 1.39 1.87 1.17
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 Mar 2023
303 359 467 532 440 442 421 695 746 709 895 1,080
261 301 405 390 322 343 342 570 635 648 781 970
Operating Profit 42 58 62 143 118 99 80 125 112 61 114 111
OPM % 14% 16% 13% 27% 27% 22% 19% 18% 15% 9% 13% 10%
9 9 13 -8 34 42 40 -10 19 41 46 33
Interest 11 11 13 11 9 7 5 9 9 8 7 8
Depreciation 12 19 28 41 39 37 45 78 86 79 92 75
Profit before tax 28 37 35 83 103 97 69 28 35 15 61 60
Tax % 34% 35% 62% 44% 34% 31% 33% 75% 28% 105% 24% 23%
Net Profit 19 24 13 46 69 67 46 7 26 -1 46 46
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
Dividend Payout % 2% 1% 3% 1% 14% 21% 21% 82% 26% 415% 23% 0%
Compounded Sales Growth
10 Years: 12%
5 Years: 21%
3 Years: 13%
TTM: 21%
Compounded Profit Growth
10 Years: 7%
5 Years: 0%
3 Years: 21%
TTM: 82%
Stock Price CAGR
10 Years: %
5 Years: 10%
3 Years: 85%
1 Year: 45%
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
3 3 4 82 95 95 95 95 95 95 95 95
Reserves 82 106 170 150 399 464 487 510 523 548 587 622
180 179 223 222 166 111 107 169 200 176 136 97
72 108 115 141 111 112 196 256 214 202 239 297
Total Liabilities 336 396 512 595 771 781 885 1,030 1,031 1,020 1,057 1,111
104 199 229 231 191 216 349 490 444 426 360 311
CWIP 52 24 5 16 14 9 9 26 34 9 34 81
Investments 0 0 62 62 76 117 154 100 130 196 194 177
181 173 216 285 490 440 373 414 423 388 469 541
Total Assets 336 396 512 595 771 781 885 1,030 1,031 1,020 1,057 1,111

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 -36
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 7

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 76 122
ROCE % 17% 14% 26% 19% 16% 11% 9% 6% 0% 4% 8%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
65.37 65.37 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 0.12 0.12 0.14 0.14 0.22 0.22 0.17 0.03
3.27 0.47 0.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
30.48 33.28 33.28 33.75 34.51 34.51 34.49 34.49 34.41 34.42 34.45 34.59

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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