Precision Camshafts Ltd

Precision Camshafts Ltd

₹ 297 0.12%
22 Nov - 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 2,824 Cr.
  • Current Price 297
  • High / Low 342 / 173
  • Stock P/E 79.8
  • Book Value 79.8
  • Dividend Yield 0.34 %
  • ROCE 5.98 %
  • ROE 3.86 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 22.3%

Cons

  • Stock is trading at 3.73 times its book value
  • The company has delivered a poor sales growth of 8.20% over past five years.
  • Company has a low return on equity of 4.75% over last 3 years.
  • Earnings include an other income of Rs.58.7 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

Consolidated Figures in Rs. Crores / View Standalone

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
214.55 244.04 229.03 240.00 283.69 277.88 278.57 262.77 254.46 257.71 256.19 255.32 225.07
185.20 206.68 203.61 213.58 250.42 251.48 254.05 240.20 226.75 229.48 234.52 231.06 202.26
Operating Profit 29.35 37.36 25.42 26.42 33.27 26.40 24.52 22.57 27.71 28.23 21.67 24.26 22.81
OPM % 13.68% 15.31% 11.10% 11.01% 11.73% 9.50% 8.80% 8.59% 10.89% 10.95% 8.46% 9.50% 10.13%
16.56 0.84 18.94 0.98 3.32 20.45 8.38 7.48 5.30 31.51 5.61 7.81 13.76
Interest 1.86 1.66 1.98 1.50 1.67 2.09 2.98 1.90 1.86 2.36 2.21 1.92 1.78
Depreciation 19.62 18.91 33.90 18.73 18.42 19.48 18.61 19.42 20.56 21.35 20.25 15.22 15.12
Profit before tax 24.43 17.63 8.48 7.17 16.50 25.28 11.31 8.73 10.59 36.03 4.82 14.93 19.67
Tax % 16.54% 34.03% 17.69% 41.70% 20.06% 29.63% 1.77% 52.92% 20.30% 32.11% 30.50% 22.10% 57.30%
20.39 11.63 6.97 4.19 13.19 17.80 11.11 4.11 8.43 24.46 3.35 11.62 8.40
EPS in Rs 2.15 1.22 0.73 0.44 1.39 1.87 1.17 0.43 0.89 2.58 0.35 1.22 0.88
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
359 467 532 440 442 421 695 746 709 895 1,080 1,031 994
301 405 390 322 343 342 570 635 648 781 970 931 897
Operating Profit 58 62 143 118 99 80 125 112 61 114 111 101 97
OPM % 16% 13% 27% 27% 22% 19% 18% 15% 9% 13% 10% 10% 10%
9 13 -8 34 42 40 -10 19 41 46 33 50 59
Interest 11 13 11 9 7 5 9 9 8 7 8 8 8
Depreciation 19 28 41 39 37 45 78 86 79 92 75 82 72
Profit before tax 37 35 83 103 97 69 28 35 15 61 60 60 75
Tax % 35% 62% 44% 34% 31% 33% 75% 28% 105% 24% 23% 33%
24 13 46 69 67 46 7 26 -1 46 46 40 48
EPS in Rs 773.61 320.87 5.67 7.25 7.02 4.86 1.21 3.68 0.24 4.84 4.87 4.25 5.03
Dividend Payout % 1% 3% 1% 14% 21% 21% 82% 26% 415% 23% 21% 24%
Compounded Sales Growth
10 Years: 8%
5 Years: 8%
3 Years: 13%
TTM: -7%
Compounded Profit Growth
10 Years: 8%
5 Years: 18%
3 Years: 223%
TTM: -15%
Stock Price CAGR
10 Years: %
5 Years: 48%
3 Years: 27%
1 Year: 21%
Return on Equity
10 Years: 7%
5 Years: 4%
3 Years: 5%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 106 170 150 399 464 487 510 523 548 587 622 653 663
179 223 222 166 111 107 169 200 176 136 105 110 104
108 115 141 111 112 196 256 214 202 239 281 178 159
Total Liabilities 396 512 595 771 781 885 1,030 1,031 1,020 1,057 1,102 1,037 1,020
199 229 231 191 216 349 490 444 426 360 311 325 302
CWIP 24 5 16 14 9 9 26 34 9 34 82 28 47
Investments 0 62 62 76 117 154 100 130 196 194 177 225 252
173 216 285 490 440 373 414 423 388 469 532 459 419
Total Assets 396 512 595 771 781 885 1,030 1,031 1,020 1,057 1,102 1,037 1,020

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
31 78 120 78 64 103 40 58 120 88 103 131
-36 -100 -97 -300 -2 -22 -33 -57 -85 -39 -37 -94
-11 39 2 194 -67 -71 -10 3 -37 -61 -60 -13
Net Cash Flow -17 16 24 -28 -5 10 -3 4 -2 -13 6 25

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 82 88 72 74 87 96 74 84 79 67 70 62
Inventory Days 107 104 96 110 88 161 169 185 160 196 171 130
Days Payable 152 153 151 177 187 219 153 134 144 98 97 106
Cash Conversion Cycle 37 38 17 8 -11 39 91 135 96 166 144 86
Working Capital Days 40 26 8 21 21 31 73 96 75 76 62 64
ROCE % 17% 14% 26% 19% 16% 11% 8% 6% 0% 4% 8% 6%

Shareholding Pattern

Numbers in percentages

2 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.

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