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 ₹ 2,159 Cr.
- Current Price ₹ 227
- High / Low ₹ 383 / 140
- Stock P/E 68.8
- Book Value ₹ 83.4
- Dividend Yield 0.44 %
- ROCE 6.37 %
- ROE 4.07 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.72 times its book value
- The company has delivered a poor sales growth of 3.01% over past five years.
- Company has a low return on equity of 4.79% over last 3 years.
- Earnings include an other income of Rs.67.8 Cr.
- Dividend payout has been low at 14.7% of profits over last 3 years
- Working capital days have increased from 108 days to 197 days
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
467 | 532 | 440 | 442 | 421 | 695 | 746 | 709 | 895 | 1,080 | 1,031 | 865 | |
405 | 390 | 322 | 343 | 342 | 570 | 635 | 648 | 781 | 970 | 931 | 784 | |
Operating Profit | 62 | 143 | 118 | 99 | 80 | 125 | 112 | 61 | 114 | 111 | 101 | 81 |
OPM % | 13% | 27% | 27% | 22% | 19% | 18% | 15% | 9% | 13% | 10% | 10% | 9% |
13 | -8 | 34 | 42 | 40 | -10 | 19 | 41 | 46 | 33 | 50 | 68 | |
Interest | 13 | 11 | 9 | 7 | 5 | 9 | 9 | 8 | 7 | 8 | 8 | 8 |
Depreciation | 28 | 41 | 39 | 37 | 45 | 78 | 86 | 79 | 92 | 75 | 82 | 57 |
Profit before tax | 35 | 83 | 103 | 97 | 69 | 28 | 35 | 15 | 61 | 60 | 60 | 83 |
Tax % | 62% | 44% | 34% | 31% | 33% | 75% | 28% | 105% | 24% | 23% | 33% | 35% |
13 | 46 | 69 | 67 | 46 | 7 | 26 | -1 | 46 | 46 | 40 | 54 | |
EPS in Rs | 320.87 | 5.67 | 7.25 | 7.02 | 4.86 | 1.21 | 3.68 | 0.24 | 4.84 | 4.87 | 4.25 | 5.70 |
Dividend Payout % | 3% | 1% | 14% | 21% | 21% | 82% | 26% | 415% | 23% | 21% | 24% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 3% |
3 Years: | -1% |
TTM: | -16% |
Compounded Profit Growth | |
---|---|
10 Years: | -7% |
5 Years: | 4% |
3 Years: | 7% |
TTM: | 11% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 52% |
3 Years: | 30% |
1 Year: | 16% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 4% |
3 Years: | 5% |
Last Year: | 4% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4 | 82 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 | 95 |
Reserves | 170 | 150 | 399 | 464 | 487 | 510 | 523 | 548 | 587 | 622 | 653 | 698 |
223 | 222 | 166 | 111 | 107 | 169 | 200 | 176 | 136 | 105 | 110 | 120 | |
115 | 141 | 111 | 112 | 196 | 256 | 214 | 202 | 239 | 281 | 178 | 172 | |
Total Liabilities | 512 | 595 | 771 | 781 | 885 | 1,030 | 1,031 | 1,020 | 1,057 | 1,102 | 1,037 | 1,085 |
229 | 231 | 191 | 216 | 349 | 490 | 444 | 426 | 360 | 311 | 325 | 286 | |
CWIP | 5 | 16 | 14 | 9 | 9 | 26 | 34 | 9 | 34 | 82 | 28 | 58 |
Investments | 62 | 62 | 76 | 117 | 154 | 100 | 130 | 196 | 194 | 177 | 225 | 320 |
216 | 285 | 490 | 440 | 373 | 414 | 423 | 388 | 469 | 532 | 459 | 420 | |
Total Assets | 512 | 595 | 771 | 781 | 885 | 1,030 | 1,031 | 1,020 | 1,057 | 1,102 | 1,037 | 1,085 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
78 | 120 | 78 | 64 | 103 | 40 | 58 | 120 | 88 | 103 | 131 | 143 | |
-100 | -97 | -300 | -2 | -22 | -33 | -57 | -85 | -39 | -37 | -94 | -123 | |
39 | 2 | 194 | -67 | -71 | -10 | 3 | -37 | -61 | -60 | -13 | -14 | |
Net Cash Flow | 16 | 24 | -28 | -5 | 10 | -3 | 4 | -2 | -13 | 6 | 25 | 6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 88 | 72 | 74 | 87 | 96 | 74 | 84 | 79 | 67 | 70 | 62 | 69 |
Inventory Days | 104 | 96 | 110 | 88 | 161 | 169 | 185 | 160 | 196 | 171 | 130 | 139 |
Days Payable | 153 | 151 | 177 | 187 | 219 | 153 | 134 | 144 | 98 | 97 | 106 | 116 |
Cash Conversion Cycle | 38 | 17 | 8 | -11 | 39 | 91 | 135 | 96 | 166 | 144 | 86 | 92 |
Working Capital Days | 26 | 8 | 21 | 21 | 31 | 73 | 96 | 75 | 76 | 62 | 64 | 197 |
ROCE % | 14% | 26% | 19% | 16% | 11% | 8% | 6% | 0% | 4% | 8% | 6% | 6% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Q4 FY25 earnings call scheduled on June 11, 2025, at 12:00 Noon IST.
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Revised And Updated Annual Secretarial Compliance Report For FY 2024-25.
30 May - Revised unqualified Annual Secretarial Compliance Report submitted for FY 2024-25 per SEBI amendments.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
29 May - Financial Results for the quarter and year ended March 31, 2025 have been published in the newspaper as per Regulation 47 of SEBI Listing Regulations …
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Revised Outcome Of Board Meeting Dated May 27, 2025.
28 May - Revised audited financial results for FY25; no changes in figures; final dividend recommended.
- Revised Intimation Of Record Date Pursuant To Regulation 42 Of SEBI (LODR) Regulations, 2015 For The Purpose Of Final Dividend For The Financial Year 2024-25 28 May
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Concalls
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024TranscriptNotesPPT
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Dec 2023Transcript PPT REC
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Jun 2023Transcript PPT REC
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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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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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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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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
Business Segments
1) Camshafts & Assemblies (87% in Q2 FY25 vs 74% in FY22): [1] [2] The company is a leading manufacturer of camshafts with a domestic market share of 70% and a global market share of 9%. The company offers 150+ varieties of camshafts, primarily for passenger vehicles, including Chilled Cast Iron, Ductile Iron, Hybrid, and Assembled Camshafts. Additionally, its subsidiary MFT produces Balancer Shafts & Assemblies, Prismatic Components, etc. The segment revenue grew by 20% between FY22-FY24, driven by higher sales volumes. [3] [4]