Precision Camshafts Ltd

Precision Camshafts Ltd

₹ 227 1.54%
06 Jun - 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

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]

  • 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
229 240 284 278 279 263 254 258 256 255 225 195 190
204 214 250 251 254 240 227 229 235 231 202 186 165
Operating Profit 25 26 33 26 25 23 28 28 22 24 23 8 26
OPM % 11% 11% 12% 10% 9% 9% 11% 11% 8% 10% 10% 4% 13%
19 1 3 20 8 7 5 32 6 8 14 2 44
Interest 2 2 2 2 3 2 2 2 2 2 2 2 3
Depreciation 34 19 18 19 19 19 21 21 20 15 15 13 14
Profit before tax 8 7 16 25 11 9 11 36 5 15 20 -5 53
Tax % 18% 42% 20% 30% 2% 53% 20% 32% 30% 22% 57% 41% 24%
7 4 13 18 11 4 8 24 3 12 8 -6 40
EPS in Rs 0.73 0.44 1.39 1.87 1.17 0.43 0.89 2.58 0.35 1.22 0.88 -0.67 4.26
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
65.37% 65.37% 65.37% 65.37% 65.37% 65.37% 65.37% 65.37% 65.37% 65.37% 65.37% 65.37%
0.22% 0.22% 0.17% 0.03% 0.07% 0.11% 0.12% 0.12% 0.12% 0.15% 0.23% 0.40%
0.00% 0.00% 0.00% 0.00% 0.12% 0.13% 0.13% 0.08% 0.08% 0.08% 0.02% 0.00%
34.41% 34.42% 34.45% 34.59% 34.46% 34.40% 34.39% 34.43% 34.43% 34.40% 34.37% 34.22%
No. of Shareholders 54,42052,81851,96451,70649,15648,52047,76750,44451,09451,31554,18454,612

* 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.

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