Precision Camshafts Ltd

Precision Camshafts Ltd

₹ 198 -1.10%
28 Mar - 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 in 17 countries. [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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
209 219 207 215 244 229 240 284 278 279 263 254 258
180 209 186 185 207 204 214 250 251 254 240 227 229
Operating Profit 29 10 22 29 37 25 26 33 26 25 23 28 28
OPM % 14% 4% 11% 14% 15% 11% 11% 12% 10% 9% 9% 11% 11%
10 4 10 17 1 19 1 3 20 8 7 5 32
Interest 2 2 2 2 2 2 2 2 2 3 2 2 2
Depreciation 20 22 20 20 19 34 19 18 19 19 19 21 21
Profit before tax 18 -10 10 24 18 8 7 16 25 11 9 11 36
Tax % 36% -50% 32% 17% 34% 18% 42% 20% 30% 2% 53% 20% 32%
11 -15 7 20 12 7 4 13 18 11 4 8 24
EPS in Rs 1.18 -1.63 0.74 2.15 1.22 0.73 0.44 1.39 1.87 1.17 0.43 0.89 2.58
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 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%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 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% 0.12% 0.12% 0.14% 0.14% 0.22% 0.22% 0.17% 0.03% 0.07% 0.11% 0.12%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.12% 0.13% 0.13%
33.75% 34.51% 34.51% 34.49% 34.49% 34.41% 34.42% 34.45% 34.59% 34.46% 34.40% 34.39%
No. of Shareholders 41,16340,11547,05453,03854,82954,42052,81851,96451,70649,15648,52047,767

* 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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