Precision Camshafts

₹196.3 2.9 | 1.5%

WEBSITE BSE:539636 NSE : PRECAM 10 May, 16:01

Market Cap ₹1864 Cr.

Stock P/E 38.7

P/B 2.5

Current Price ₹196.3

Book Value ₹ 78.4

Face Value 10

52W High ₹319

Dividend Yield 0.51%

52W Low ₹ 148.3

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Precision Camshafts Research see more...

How much heat is left in Precision Camshafts Ltd?

Overview Inc. Year: 1992Industry: Auto Ancillary

Precision Camshafts Ltd is an primarily India-based company, that's mainly engaged inside the manufacture of components for motor vehicle and is engaged in the sale and manufacture of camshaft castings and machined camshafts to the railways and Auto industry. The Company's geographical segments, consist of both in India and overseas. The Company offers numerous products, which consist of chilled cast iron, straight hollow camshaft, profiled hollow camshaft and tri-lobe camshaft. It manufactures machined and cast camshafts as per users requirement for single and double overhead camshaft (SOHC) (DOHC), V8 and V6 engines with variable cam timing (VCT) or non-VCT utility. The Company manufactures straight hollow for oil gallery software by using the use of sand and or glass. The Company manufactures profiled hollow for weight loss application by using sand core.

Precision Camshafts Share Price

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Price: NSE50 DMA200 DMAVolume

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Peer Comparison

Precision Camshafts Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	215	244	229	240	284	278	279	263	254	258
Other Income	4	1	5	1	3	20	8	7	5	13
Total Income	218	245	234	241	287	298	287	270	260	271
Total Expenditure	185	207	204	214	250	251	254	240	227	229
Operating Profit	33	38	30	27	37	47	33	30	33	41
Interest	2	2	2	2	2	2	3	2	2	2
Depreciation	20	19	34	19	18	19	19	19	21	21
Exceptional Income / Expenses	13	0	14	0	0	0	0	0	0	18
Profit Before Tax	24	18	8	7	17	25	11	9	11	36
Provision for Tax	4	6	2	3	3	7	0	5	2	12
Profit After Tax	20	12	7	4	13	18	11	4	8	24
Adjustments	0	0	0	0	0	0	-0	0	0	0
Profit After Adjustments	20	12	7	4	13	18	11	4	8	24
Adjusted Earnings Per Share	2.1	1.2	0.7	0.4	1.4	1.9	1.2	0.4	0.9	2.6

Precision Camshafts Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	359	467	532	440	442	421	697	746	709	895	1080	1054
Other Income	9	13	10	21	31	25	18	21	26	19	33	33
Total Income	368	480	543	461	474	446	715	768	735	914	1113	1088
Total Expenditure	301	405	407	323	343	342	572	634	648	781	970	950
Operating Profit	66	75	135	139	131	104	143	133	87	133	144	137
Interest	11	13	11	9	7	5	9	9	8	7	8	9
Depreciation	19	28	41	39	37	45	78	86	79	92	75	80
Exceptional Income / Expenses	0	0	0	0	0	0	-27	-2	15	27	0	18
Profit Before Tax	37	35	83	90	86	54	29	36	15	61	60	67
Provision for Tax	13	21	37	35	31	23	21	10	16	15	14	19
Profit After Tax	24	13	46	56	56	31	7	26	-1	46	46	47
Adjustments	0	0	0	13	11	15	4	9	3	0	0	0
Profit After Adjustments	24	13	46	69	67	46	12	35	2	46	46	47
Adjusted Earnings Per Share	0	0	0	7.3	7	4.9	1.2	3.7	0.2	4.8	4.9	5.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	21%	13%	21%	12%
Operating Profit CAGR	8%	3%	7%	8%
PAT CAGR	0%	21%	8%	7%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	26%	61%	32%	NA%
ROE Average	7%	4%	4%	10%
ROCE Average	8%	7%	6%	11%

Precision Camshafts Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	110	174	232	494	559	581	605	618	643	682	717
Minority's Interest	0	0	0	0	0	15	41	32	0	0	0
Borrowings	131	131	122	69	25	53	115	152	80	32	18
Other Non-Current Liabilities	13	15	11	21	19	58	45	35	37	31	13
Total Current Liabilities	141	193	229	187	179	178	224	194	260	313	354
Total Liabilities	396	512	595	771	781	885	1030	1031	1020	1057	1101
Fixed Assets	199	229	231	191	216	349	490	444	426	360	311
Other Non-Current Assets	35	75	92	112	58	67	35	47	20	56	95
Total Current Assets	160	207	271	468	508	469	505	540	573	641	695
Total Assets	396	512	595	771	781	885	1030	1031	1020	1057	1101

Precision Camshafts Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	30	13	30	49	21	16	26	23	27	26	12
Cash Flow from Operating Activities	31	78	120	78	64	103	40	58	120	88	103
Cash Flow from Investing Activities	-36	-100	-98	-300	-2	-22	-34	-59	-88	-41	-36
Cash Flow from Financing Activities	-11	39	2	194	-67	-71	-10	3	-37	-61	-60
Net Cash Inflow / Outflow	-17	17	24	-29	-5	10	-4	2	-4	-15	7
Closing Cash & Cash Equivalent	13	30	54	21	16	26	23	27	26	12	19

Precision Camshafts Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0	0	0	7.25	7.02	4.86	1.21	3.68	0.24	4.85	4.87
CEPS(Rs)	6.93	5	10.71	10.01	9.81	8.06	8.99	11.8	8.27	14.53	12.79
DPS(Rs)	1	1	0.05	1	1.5	1	1	0.95	1	1.1	1
Book NAV/Share(Rs)	0	0	0	52.13	58.65	61.07	63.64	65.05	67.66	71.76	75.43
Core EBITDA Margin(%)	15.39	12.93	22.88	25.67	21.28	18.54	17.93	14.98	8.67	12.73	10.24
EBIT Margin(%)	12.66	9.78	17.23	21.81	20.01	13.77	5.36	5.98	3.26	7.62	6.34
Pre Tax Margin(%)	9.84	7.16	15.17	19.82	18.48	12.56	4.11	4.77	2.18	6.81	5.58
PAT Margin (%)	6.39	2.72	8.49	12.23	11.92	7.23	1.06	3.44	-0.11	5.14	4.29
Cash Profit Margin (%)	11.46	8.48	16.03	20.78	19.93	17.84	12.25	15.02	11.08	15.42	11.25
ROA(%)	6.53	2.89	8.39	8.18	7.16	3.72	0.77	2.49	-0.08	4.43	4.29
ROE(%)	24.47	9.27	22.93	15.4	10.59	5.46	1.25	4.19	-0.12	6.95	6.62
ROCE(%)	17.09	13.78	22.17	17.87	14.04	8.69	5.11	5.61	2.83	8.37	8.44
Receivable days	66.64	73.05	72.48	77.62	76.11	92.23	66.18	76.66	83.98	64.92	62.58
Inventory Days	29.36	31.45	29.33	33.85	28.85	39.31	43.09	60.32	68.25	64.63	70.5
Payable days	121.69	144.15	145.53	182.98	178.76	205.79	140.46	129.77	137.95	105.56	84.71
PER(x)	0	0	0	20.74	19.8	21.04	48.4	6.79	165.35	27.45	19.55
Price/Book(x)	0	0	0	2.89	2.37	1.67	0.92	0.38	0.59	1.85	1.26
Dividend Yield(%)	0	0	0	0.66	1.08	0.98	1.7	3.8	2.51	0.83	1.05
EV/Net Sales(x)	0.43	0.41	0.39	2.9	2.65	2.16	0.91	0.51	0.68	1.5	0.87
EV/Core EBITDA(x)	2.35	2.57	1.54	9.2	8.97	8.7	4.46	2.86	5.55	10.12	6.52
Net Sales Growth(%)	18.58	30.25	13.92	-17.4	0.57	-4.75	65.53	7	-4.99	26.24	20.68
EBIT Growth(%)	23.24	-0.37	99.53	5.7	-6.23	-36.78	-36.62	19.42	-48.23	195.12	0.4
PAT Growth(%)	17.58	-45.12	253.59	20.29	-0.42	-44.23	-76.08	245.55	-103.04	6011.74	0.57
EPS Growth(%)	0	0	0	0	-3.15	-30.85	-75.03	203.44	-93.46	1912.96	0.57
Debt/Equity(x)	1.63	1.28	0.96	0.34	0.2	0.19	0.28	0.32	0.27	0.19	0.13
Current Ratio(x)	1.13	1.08	1.18	2.51	2.84	2.63	2.26	2.79	2.21	2.05	1.96
Quick Ratio(x)	0.92	0.85	1.04	2.32	2.65	2.3	1.79	2.06	1.73	1.43	1.33
Interest Cover(x)	4.49	3.74	8.38	10.96	13.05	11.38	4.29	4.91	3.03	9.36	8.32
Total Debt/Mcap(x)	0	0	0	0.12	0.08	0.11	0.3	0.84	0.46	0.1	0.1

Precision Camshafts Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	65.37	65.37	65.37	65.37	65.37	65.37	65.37	65.37	65.37	65.37
FII	0.14	0.14	0.22	0.22	0.17	0.03	0.07	0.11	0.12	0.12
DII	0	0	0	0	0	0	0.12	0.13	0.13	0.08
Public	34.49	34.49	34.41	34.41	34.46	34.6	34.45	34.39	34.39	34.43
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	6.21	6.21	6.21	6.21	6.21	6.21	6.21	6.21	6.21	6.21
FII	0.01	0.01	0.02	0.02	0.02	0	0.01	0.01	0.01	0.01
DII	0	0	0	0	0	0	0.01	0.01	0.01	0.01
Public	3.28	3.28	3.27	3.27	3.27	3.29	3.27	3.27	3.27	3.27
Others	0	0	0	0	0	0	0	0	0	0
Total	9.5	9.5	9.5	9.5	9.5	9.5	9.5	9.5	9.5	9.5

Pros

Debtor days have improved from 105.56 to 84.71days.
Company has reduced debt.
Company is almost debt free.

Cons

Company has a low return on equity of 4% over the last 3 years.
The company has delivered a poor profit growth of 8% over past five years.

* 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.