Precision Camshafts Ltd

Precision Camshafts Ltd

₹ 342 5.68%
27 Dec - 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 3,253 Cr.
  • Current Price 342
  • High / Low 383 / 173
  • Stock P/E 43.2
  • Book Value 96.5
  • Dividend Yield 0.29 %
  • ROCE 11.5 %
  • ROE 9.20 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 3.54 times its book value
  • Company has a low return on equity of 7.98% over last 3 years.
  • Earnings include an other income of Rs.38.7 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
117 145 150 147 160 151 169 171 172 161 170 164 168
99 113 124 123 138 129 147 143 143 130 145 137 141
Operating Profit 18 32 27 24 22 22 22 28 29 31 26 26 27
OPM % 15% 22% 18% 16% 14% 14% 13% 16% 17% 19% 15% 16% 16%
16 1 5 2 4 20 8 7 5 12 6 7 14
Interest 1 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 9 9 9 9 9 10 8 9 10 11 10 11 10
Profit before tax 24 23 22 16 16 32 20 25 23 32 20 22 29
Tax % 18% 27% 26% 24% 24% 28% 29% 21% 13% 25% 24% 17% 37%
19 16 16 12 12 23 14 20 20 24 15 18 18
EPS in Rs 2.03 1.73 1.71 1.27 1.27 2.40 1.48 2.07 2.09 2.48 1.61 1.90 1.93
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
357 459 514 436 443 401 424 443 382 512 626 675 663
299 397 376 318 342 324 325 343 306 418 536 560 552
Operating Profit 58 63 138 118 101 77 99 100 75 94 90 114 111
OPM % 16% 14% 27% 27% 23% 19% 23% 23% 20% 18% 14% 17% 17%
9 12 -5 21 31 25 17 40 42 32 33 30 39
Interest 11 12 11 9 7 5 3 3 2 3 4 5 5
Depreciation 19 27 39 39 37 43 47 51 35 37 36 40 42
Profit before tax 38 36 83 91 87 54 66 86 81 86 83 100 103
Tax % 34% 60% 42% 35% 30% 35% 35% 16% 24% 23% 27% 21%
25 14 48 59 61 35 43 72 62 66 61 78 75
EPS in Rs 804.33 344.57 5.82 6.20 6.42 3.66 4.52 7.59 6.49 6.96 6.42 8.25 7.92
Dividend Payout % 1% 3% 1% 16% 23% 27% 22% 13% 15% 16% 16% 12%
Compounded Sales Growth
10 Years: 4%
5 Years: 10%
3 Years: 21%
TTM: 0%
Compounded Profit Growth
10 Years: 19%
5 Years: 15%
3 Years: 19%
TTM: -1%
Stock Price CAGR
10 Years: %
5 Years: 52%
3 Years: 36%
1 Year: 43%
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 8%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3 4 82 95 95 95 95 95 95 95 95 95 95
Reserves 109 173 154 395 457 475 507 555 617 675 726 795 822
153 177 184 166 111 47 27 23 37 45 42 59 54
128 147 134 107 107 108 110 87 103 102 122 116 109
Total Liabilities 394 501 554 764 770 726 740 760 852 917 984 1,065 1,080
199 223 200 191 216 242 279 245 226 205 182 249 231
CWIP 22 0 9 14 9 9 8 8 6 33 81 27 46
Investments 3 73 76 68 102 184 172 206 270 261 334 381 408
169 204 269 490 443 291 280 300 351 418 388 408 395
Total Assets 394 501 554 764 770 726 740 760 852 917 984 1,065 1,080

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
33 81 120 77 65 99 64 66 102 59 67 89
-27 -90 -68 -300 -2 -20 -25 -27 -121 -65 -51 -87
-23 19 -25 194 -67 -87 -34 -29 13 -5 -17 3
Net Cash Flow -18 10 27 -29 -4 -8 5 11 -7 -11 -1 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 86 89 75 77 92 75 86 93 87 88 84 74
Inventory Days 98 101 82 110 83 77 103 131 178 136 112 136
Days Payable 152 144 144 178 186 183 191 169 255 160 151 143
Cash Conversion Cycle 32 46 13 8 -12 -31 -3 54 10 64 46 67
Working Capital Days 15 28 13 23 23 10 61 92 76 84 69 72
ROCE % 19% 15% 28% 19% 14% 8% 10% 11% 9% 9% 10% 12%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
65.37% 65.37% 65.37% 65.37% 65.37% 65.37% 65.37% 65.37% 65.37% 65.37% 65.37% 65.37%
0.14% 0.14% 0.22% 0.22% 0.17% 0.03% 0.07% 0.11% 0.12% 0.12% 0.12% 0.15%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.12% 0.13% 0.13% 0.08% 0.08% 0.08%
34.49% 34.49% 34.41% 34.42% 34.45% 34.59% 34.46% 34.40% 34.39% 34.43% 34.43% 34.40%
No. of Shareholders 53,03854,82954,42052,81851,96451,70649,15648,52047,76750,44451,09451,315

* 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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