
PRECAM - Precision Camshafts Limited Share Price
Auto Components
Valuation | |
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Market Cap | 1.63 kCr |
Price/Earnings (Trailing) | 26.63 |
Price/Sales (Trailing) | 1.91 |
EV/EBITDA | 10.61 |
Price/Free Cashflow | 18.27 |
MarketCap/EBT | 17.12 |
Enterprise Value | 1.68 kCr |
Fundamentals | |
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Revenue (TTM) | 898.21 Cr |
Rev. Growth (Yr) | -15.5% |
Earnings (TTM) | 54.11 Cr |
Earnings Growth (Yr) | 61.9% |
Profitability | |
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Operating Margin | 5% |
EBT Margin | 9% |
Return on Equity | 6.83% |
Return on Assets | 4.99% |
Free Cashflow Yield | 5.47% |
Price to Sales Ratio
Revenue (Last 12 mths)
Net Income (Last 12 mths)
Growth & Returns | |
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Price Change 1W | -1.7% |
Price Change 1M | -18.1% |
Price Change 6M | -24.2% |
Price Change 1Y | -7.4% |
3Y Cumulative Return | 11.8% |
5Y Cumulative Return | 37.4% |
7Y Cumulative Return | 13.5% |
Cash Flow & Liquidity | |
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Cash Flow from Investing (TTM) | -122.93 Cr |
Cash Flow from Operations (TTM) | 143.47 Cr |
Cash Flow from Financing (TTM) | -14.24 Cr |
Cash & Equivalents | 48.79 Cr |
Free Cash Flow (TTM) | 89.42 Cr |
Free Cash Flow/Share (TTM) | 9.41 |
Balance Sheet | |
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Total Assets | 1.08 kCr |
Total Liabilities | 292.18 Cr |
Shareholder Equity | 792.5 Cr |
Current Assets | 705.44 Cr |
Current Liabilities | 253.09 Cr |
Net PPE | 268.62 Cr |
Inventory | 113.92 Cr |
Goodwill | 13.59 Cr |
Capital Structure & Leverage | |
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Debt Ratio | 0.09 |
Debt/Equity | 0.12 |
Interest Coverage | 9.17 |
Interest/Cashflow Ops | 18.56 |
Dividend & Shareholder Returns | |
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Dividend/Share (TTM) | 1 |
Dividend Yield | 0.58% |
Shares Dilution (1Y) | 0.00% |
Shares Dilution (3Y) | 0.00% |
Risk & Volatility | |
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Max Drawdown | 0.00% |
Drawdown Prob. (30d, 5Y) | 63.85% |
Risk Level (5Y) | 54.6% |
Summary of Latest Earnings Report from Precision Camshafts
Summary of Precision Camshafts's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated:
Management provided a cautious yet optimistic outlook for Precision Camshafts Limited (PCL), highlighting several key points during the Q4 FY '25 earnings call. The standalone revenue for the quarter was INR 147.5 crores, marking a 3% quarter-on-quarter increase; despite this, the company reported a net loss of INR 34 crores, primarily due to exceptional items such as a positive compensation recovery of INR 35.6 crores and an impairment of investment totaling INR 73 crores in a foreign subsidiary.
Looking ahead, PCL expects to sustain profitability, having secured new orders for camshafts extending to 2030 and beyond. The company's greenfield site for assembled camshafts is on track, with production slated for next year. PCL anticipates growth within its group subsidiaries, with MFT in Germany generating income of INR 25.26 crores, and MEMCO recording INR 11.2 crores in revenue.
In e-mobility, the rollout has faced challenges, notably in Europe, due to geopolitical instability and demand volatility. In contrast, India has seen positive developments, with the deployment of solutions for over 15 customers across multiple cities. However, overall, demand ramp-up for e-vehicles has been slower than anticipated.
Additionally, an investment of INR 40 crores for the assembled camshaft project is planned, expecting to generate approximately 1.5 times its capex in annual revenue. Management indicated that the EBITDA margin for this project would be similar to that of existing camshaft products, around 20%-25%.
Overall, management expressed confidence in navigating current challenges while targeting growth opportunities across their diverse portfolio, with the expectation of returning to profitability as new projects launch and demand stabilizes.
Last updated:
1. Question from Gautam Rajesh:
"My question was mostly on the EV business in India and Europe. Can you just give a particular update on the two EV businesses in India and Europe?"
Answer:
In Europe, the EV business is lagging due to a slowdown in demand, impacting all OEMs. We continue to sustain operations with a few anchor customers. In India, we have been selling retrofit solutions, now in eight cities. However, demand is slower than anticipated. We're also developing an electrified powertrain for a heavy truck, which should be on the road by year-end.
2. Question from Brijesh Rajvanshi:
"Are we still bleeding at EMOSS Europe level because all other companies like MFT and MEMCO have turned profitable?"
Answer:
We're at breakeven on EBITDA for EMOSS. The revenue has decreased compared to previous years, leading to scaled operations and manpower adjustments. We're trying to maintain a positive outlook but remain close to breakeven.
3. Question from Rajkumar Damani:
"Regarding the impairment of INR73 crores, what kind of provisions are we making?"
Answer:
The impairment primarily relates to EMOSS due to its muted performance. This action is a prudent provision, reflecting slower performance in recent years, not a write-off. We're hopeful to reverse this provision in one to two years depending on recovery outcomes.
4. Question from Vipul Shah:
"What is the capex for the assembled camshaft project? When will it commence commercial production?"
Answer:
The capex for the assembled camshaft project is about INR80 crores. We expect to start production by Q3 of the next financial year, with a projected asset turn of 1.5x per year.
5. Question from Rakesh:
"Is the company planning to utilize cash and investments for additional capex or dividends?"
Answer:
Currently, we are utilizing cash for capex related to the new projects mentioned earlier. We're also considering funding for solar power capacity and potential acquisitions in the future, rather than immediate dividends or buybacks.
6. Question from Shagun Jain:
"When can we see the first vehicles from the new heavy commercial vehicle product on the road?"
Answer:
We expect to have the first vehicles on the road by the end of this calendar year. This development is already in progress, and we're focused on finalizing the prototype and testing.
The answers encompass projections, current situations, and business strategies, ensuring significant details aren't overlooked.
Share Holdings
Understand Precision Camshafts ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
Holding Pattern
Share Holding Details
Shareholder Name | Holding % |
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Yatin Subhash Shah | 39.78% |
Cams Technology Limited | 14.22% |
Suhasini Yatin Shah | 11.35% |
Jayant Aradhye | 8.51% |
Ajay Upadhyaya | 2.11% |
Maneesh Jayant Aradhye | 1.39% |
Kedia Securities Private Limited | 1.05% |
Karan Yatin Shah | 0.02% |
Mayura Karan Shah | 0% |
Tanvi Yatin Shah | 0% |
Overall Distribution
Distribution across major stakeholders
Ownership Distribution
Distribution across major institutional holders
Is Precision Camshafts Better than it's peers?
Detailed comparison of Precision Camshafts against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|---|
SUNDRMFAST | Sundram Fasteners | 19.84 kCr | 6.03 kCr | -8.40% | -29.10% | 36.35 | 3.29 | - | - |
JAMNAAUTO | Jamna Auto Industries | 3.63 kCr | 2.27 kCr | -3.50% | -29.40% | 20.11 | 1.6 | - | - |
Sector Comparison: PRECAM vs Auto Components
Comprehensive comparison against sector averages
Comparative Metrics
PRECAM metrics compared to Auto
Category | PRECAM | Auto |
---|---|---|
PE | 26.52 | 37.20 |
PS | 1.90 | 2.16 |
Growth | -18.8 % | 8.1 % |
Performance Comparison
PRECAM vs Auto (2021 - 2025)
- 1. PRECAM is NOT among the Top 10 largest companies in Auto Components & Equipments.
- 2. The company holds a market share of 0.2% in Auto Components & Equipments.
- 3. In last one year, the company has had a below average growth that other Auto Components & Equipments companies.
Income Statement for Precision Camshafts
Balance Sheet for Precision Camshafts
Cash Flow for Precision Camshafts
What does Precision Camshafts Limited do?
Precision Camshafts Limited, together with its subsidiaries, engages in the manufacture and sale of castings camshaft and machined camshafts to the automobile industry in India, Asia, Europe, and internationally. The company offers chilled cast iron, ductile iron, hybrid, and assembled camshafts; fuel injector, such as nozzle holder body, nozzle retaining nuts, and others; stainless steel components; balancer shafts and assemblies; and prismatic components, including powertrain, brake, and chassis components, as well as machining casting materials. It also provides drivelines and battery packages; and electric buses and trucks. The company was incorporated in 1992 and is based in Pune, India.