PRECAM - Precision Camshafts Limited Share Price

Auto Components

₹203.62-6.48(-3.08%)

Market Closed as of Jun 17, 2025, 15:30 IST

What does Precision Camshafts Limited do?

Auto Components & Equipments•Automobile and AutoComponents•Small Cap

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.

Industry Group:Auto Components

Employees:1,305

Website:www.pclindia.in

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Category	PRECAM	Auto
PE	114.49	38.72
PS	2.03	2.25
Growth	-11.8 %	8.3 %

Shareholder Name	Holding %
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	1.44%
Barclays Wealth Trustees India Private Limited	1.16%
Kedia Securities Private Limited	1.05%
Vijay Kishanlal Kedia	1.05%
Karan Yatin Shah	0.02%
Mayura Karan Shah	0%
Tanvi Yatin Shah	0%

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.

Earnings Outlook

Last updated: Jun 25

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.

Q&A Session

Last updated: Jun 25

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.

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
SUNDRMFAST	Sundram FastenersAuto Components & Equipments	20.71 kCr	5.98 kCr	+0.41%	-23.55%	38.22	3.46	+4.60%	+3.06%
JAMNAAUTO	Jamna Auto IndustriesAuto Components & Equipments	3.48 kCr	2.28 kCr	-0.42%	-32.03%	18.85	1.53	-6.17%	-9.04%

Cash Flow for Precision Camshafts

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	32.7%	4.61	3.72	2.59
Change in inventories	-74%	-9.91	-5.27	-10.6
Depreciation	11.4%	40	36	37
Unrealised forex losses/gains	75%	-1.06	-7.25	1.9
Adjustments for interest income	-	4.72	0	0
Net Cashflows from Operations	17.6%	108	92	79
Interest paid	-	20	0	0
Income taxes paid (refund)	-104.3%	0	24	21
Net Cashflows From Operating Activities	33.3%	89	67	59
Proceeds from sales of PPE	-	1.18	0	0.18
Purchase of property, plant and equipment	25%	61	49	56
Proceeds from sales of investment property	-102.6%	0	40	76
Purchase of investment property	-104.8%	0	22	58
Proceeds from sales of long-term assets	67.3%	0	-2.06	0.46
Interest received	-42.7%	5.37	8.62	5.54
Other inflows (outflows) of cash	-	-32.43	0	0
Net Cashflows From Investing Activities	-68.1%	-86.74	-51.21	-65.14
Proceeds from borrowings	74.8%	0	-2.97	7.61
Repayments of borrowings	-	-17.58	0	0
Dividends paid	-4.3%	9.61	10	9.5
Interest paid	32.7%	4.61	3.72	2.59
Other inflows (outflows) of cash	-	-0.06	0	0
Net Cashflows from Financing Activities	112.7%	3.31	-17.17	-4.53
Effect of exchange rate on cash eq.	-	0	0	-0.01
Net change in cash and cash eq.	323.1%	5.35	-0.95	-11.1

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	1.5%	8.34	8.23	7.29
Change in inventories	231.2%	44	-31.78	-68.56
Depreciation	29.7%	97	75	92
Unrealised forex losses/gains	-410.7%	-0.74	1.56	-1.23
Adjustments for interest income	-	2.98	0	0
Net Cashflows from Operations	17.2%	151	129	111
Income taxes paid (refund)	-24%	20	26	23
Net Cashflows From Operating Activities	27.5%	131	103	88
Proceeds from sales of PPE	-	2.57	0	0.19
Purchase of property, plant and equipment	4.9%	65	62	56
Proceeds from sales of investment property	-229.2%	-30	25	77
Purchase of investment property	308.4%	4.39	1.83	64
Interest received	-22.2%	2.89	3.43	2.56
Net Cashflows From Investing Activities	-159.8%	-94.4	-35.72	-40.8
Proceeds from borrowings	-	9.59	0	0
Repayments of borrowings	-102.6%	0	40	42
Payments of lease liabilities	-235.1%	0	1.74	3.44
Dividends paid	-4.3%	9.61	10	9.5
Interest paid	1.5%	8.34	8.23	6.83
Other inflows (outflows) of cash	-	-4.15	0	0
Net Cashflows from Financing Activities	77.8%	-12.51	-59.94	-61.41
Effect of exchange rate on cash eq.	83.6%	0.63	-1.26	1.31
Net change in cash and cash eq.	361.5%	25	6.2	-13.35

Valuation
Market Cap	1.95 kCr
Price/Earnings (Trailing)	114.49
Price/Sales (Trailing)	2.03
EV/EBITDA	18.33
Price/Free Cashflow	43.01
MarketCap/EBT	55.81

Fundamentals
Revenue (TTM)	959.27 Cr
Rev. Growth (Yr)	-27.84%
Rev. Growth (Qtr)	-18.14%
Earnings (TTM)	17.01 Cr
Earnings Growth (Yr)	-125.99%
Earnings Growth (Qtr)	-175.69%

Profitability
Operating Margin	3.51%
EBT Margin	3.64%
Return on Equity	2.25%
Return on Assets	1.67%
Free Cashflow Yield	2.32%

Balance Sheet for Precision Camshafts

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	160%	27	11	18	5.44	24	6.39
Current investments	12.4%	245	218	179	171	168	181
Total current financial assets	9.5%	449	410	390	364	377	355
Inventories	-15.6%	66	78	68	68	68	63
Total current assets	2.2%	522	511	477	451	464	435
Property, plant and equipment	-6.9%	231	248	255	182	243	205
Capital work-in-progress	73.1%	46	27	16	80	2.68	33
Investment property	-	0	0	0	163	99	0
Non-current investments	0%	163	163	163	0	0	80
Loans, non-current	4.3%	99	95	93	95	142	143
Total non-current financial assets	1.1%	266	263	261	98	144	226
Total non-current assets	0.9%	549	544	540	533	497	482
Total assets	1.4%	1,080	1,065	1,019	984	960	917
Total non-current financial liabilities	-	0	0	0	0	0	0.06
Provisions, non-current	5.2%	5.9	5.66	5.17	4.69	4.79	7.54
Total non-current liabilities	66.7%	16	10	6.64	7.34	9.55	12
Borrowings, current	-8.6%	54	59	53	42	60	45
Total current financial liabilities	-12.1%	139	158	156	151	162	131
Provisions, current	0%	2.06	2.06	1.85	1.85	0.72	0.99
Current tax liabilities	210.9%	2.99	1.64	1.9	0.65	1.88	1.02
Total current liabilities	-11.7%	145	164	161	156	167	135
Total liabilities	-6.9%	163	175	168	163	177	147
Equity share capital	0%	95	95	95	95	95	95
Total equity	3%	917	890	851	821	784	770
Total equity and liabilities	1.4%	1,080	1,065	1,019	984	960	917

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	47.6%	63	43	46	19	35	12
Current investments	12.1%	252	225	185	177	182	194
Loans, current	-	0	0	0	0	0	0
Total current financial assets	5.9%	520	491	468	447	490	418
Inventories	-25.2%	108	144	206	225	224	193
Current tax assets	-48.1%	15	28	0	0	0	0
Total current assets	-3%	643	663	700	695	713	641
Property, plant and equipment	-7.5%	283	306	336	275	333	309
Capital work-in-progress	70.4%	47	28	17	81	3.65	34
Goodwill	0%	17	17	17	17	16	16
Non-current investments	0%	0.07	0.07	0.07	0.07	0.07	0.07
Loans, non-current	-	0	0	0	0	0	0
Total non-current financial assets	-8.3%	5.32	5.71	5.98	4.57	2.71	3.97
Total non-current assets	-1.1%	368	372	403	415	392	418
Total assets	-2.2%	1,020	1,043	1,104	1,111	1,106	1,059
Borrowings, non-current	-42.5%	4.24	6.63	10	18	16	32
Total non-current financial liabilities	88.9%	18	10	17	25	25	41
Provisions, non-current	5%	7.11	6.82	6.22	5.8	6.93	10
Total non-current liabilities	51.9%	42	28	29	40	44	65
Borrowings, current	-18.9%	78	96	91	75	91	101
Total current financial liabilities	-16.2%	197	235	233	228	235	219
Provisions, current	0%	2.11	2.11	2.07	2.07	1.01	1.16
Current tax liabilities	84.8%	4.03	2.64	1.86	1.06	2.39	1.22
Total current liabilities	-18.1%	218	266	354	354	373	313
Total liabilities	-11.2%	262	295	383	394	417	378
Equity share capital	0%	95	95	95	95	95	95
Non controlling interest	-	0	0	0	-	0	-
Total equity	1.3%	758	748	720	717	689	682
Total equity and liabilities	-2.2%	1,020	1,043	1,104	1,111	1,106	1,059

Investor Care
Dividend Yield	0.29%
Dividend/Share (TTM)	1
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	1.79

Financial Health
Current Ratio	2.94
Debt/Equity	0.11

Income Statement for Precision Camshafts

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-15%	143	168	164	170	161	172
Other Income	-105.2%	0.33	14	6.93	5.84	12	4.88
Total Income	-21.5%	143	182	171	176	173	177
Cost of Materials	-11.1%	41	46	48	51	54	56
Employee Expense	-4.8%	21	22	22	23	23	26
Finance costs	-40%	1.12	1.2	1.02	1.16	1.39	1.07
Depreciation and Amortization	-3.1%	9.72	10	11	10	11	10
Other expenses	-9.2%	60	66	64	70	63	64
Total Expenses	-9.9%	137	152	149	156	142	154
Profit Before exceptional items and Tax	-82.3%	5.96	29	22	20	32	23
Exceptional items before tax	-	1.23	0	0	0	0	0
Total profit before tax	-77.9%	7.19	29	22	20	32	23
Current tax	-43.4%	4.28	6.79	2.57	4.02	5.85	5.05
Deferred tax	-207.1%	-2.45	4.22	1.13	0.86	2.13	-2.02
Total tax	-91.7%	1.83	11	3.71	4.88	7.97	3.04
Total profit (loss) for period	-74.4%	5.36	18	18	15	24	20
Other comp. income net of taxes	0%	0.07	0.07	0.07	0.35	0.02	0.02
Total Comprehensive Income	-73.9%	5.43	18	18	16	24	20
Earnings Per Share, Basic	-147.3%	0.56	1.93	1.9	1.61	2.48	2.09
Earnings Per Share, Diluted	-147.3%	0.56	1.93	1.9	1.61	2.48	2.09

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	7.8%	675	626	512	382	443	424
Other Income	-9.4%	30	33	20	27	21	17
Total Income	6.8%	705	660	532	409	464	441
Cost of Materials	-2.7%	216	222	178	116	130	134
Employee Expense	17.7%	94	80	64	58	60	51
Finance costs	32.7%	4.61	3.72	2.59	1.53	2.96	2.83
Depreciation and Amortization	11.4%	40	36	37	35	51	47
Other expenses	9.8%	258	235	187	141	160	150
Total Expenses	5%	605	576	458	343	397	375
Profit Before exceptional items and Tax	20.7%	100	83	73	66	67	66
Exceptional items before tax	-	0	0	13	15	19	0
Total profit before tax	20.7%	100	83	86	81	86	66
Current tax	-21.7%	19	24	22	19	25	19
Deferred tax	126.5%	1.79	-1.98	-1.57	0.42	-11.87	3.74
Total tax	-4.8%	21	22	20	19	14	23
Total profit (loss) for period	28.3%	78	61	66	62	72	43
Other comp. income net of taxes	31.4%	0.41	0.14	1.05	0.51	-1.6	0.39
Total Comprehensive Income	30%	79	61	67	62	70	43
Earnings Per Share, Basic	33.8%	8.25	6.42	6.96	6.495	7.59	4.52
Earnings Per Share, Diluted	33.8%	8.25	6.42	6.96	6.504	7.58	4.52

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	-13.4%	195	225	255	256	258	254
Other Income	-100.4%	0.95	14	7.81	5.61	13	5.3
Total Income	-18.1%	196	239	263	262	271	260
Cost of Materials	-14.5%	60	70	82	92	87	86
Employee Expense	-4.7%	42	44	44	46	47	52
Finance costs	-32.1%	1.53	1.78	1.92	2.21	2.36	1.86
Depreciation and Amortization	-14.3%	13	15	15	20	21	21
Other expenses	-8.8%	74	81	81	89	83	82
Total Expenses	-8.3%	201	219	248	257	253	249
Profit Before exceptional items and Tax	-135.5%	-5.75	20	15	4.82	18	11
Exceptional items before tax	-	1.23	0	0	0	18	0
Total profit before tax	-129.1%	-4.52	20	15	4.82	36	11
Current tax	-45.7%	4.21	6.91	2.66	3.06	7.82	5
Deferred tax	-200%	-2.36	4.36	0.65	-1.59	3.75	-2.85
Total tax	-91.6%	1.84	11	3.3	1.47	12	2.15
Total profit (loss) for period	-199.5%	-6.36	8.4	12	3.35	24	8.43
Other comp. income net of taxes	147.5%	2.16	-1.44	0.19	0.75	-0.57	0.42
Total Comprehensive Income	-187.2%	-4.2	6.96	12	4.1	24	8.85
Earnings Per Share, Basic	-1418.2%	-0.67	0.89	1.22	0.35	2.58	0.89
Earnings Per Share, Diluted	-1418.2%	-0.67	0.89	1.22	0.35	2.58	0.89

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	-4.5%	1,031	1,080	895	709	746	695
Other Income	-3.1%	32	33	19	26	21	18
Total Income	-4.5%	1,063	1,113	914	735	768	713
Cost of Materials	-24.8%	376	500	401	290	292	263
Employee Expense	6.7%	191	179	158	143	135	130
Finance costs	1.5%	8.34	8.23	7.29	7.64	9.09	8.72
Depreciation and Amortization	9.5%	82	75	92	79	86	67
Other expenses	8.1%	335	310	264	221	221	211
Total Expenses	-3%	1,021	1,053	880	734	730	645
Profit Before exceptional items and Tax	-30.5%	42	60	34	0.38	38	68
Exceptional items before tax	-	18	0	27	15	-2.16	-27.35
Total profit before tax	0%	60	60	61	15	36	41
Current tax	-24%	20	26	24	20	26	21
Deferred tax	88.6%	-0.5	-12.18	-8.85	-3.44	-16.62	3.79
Total tax	46.2%	20	14	15	16	9.84	25
Total profit (loss) for period	-13.3%	40	46	46	-0.78	26	15
Other comp. income net of taxes	98.4%	0.97	-0.92	2.42	2.96	0.46	0.09
Total Comprehensive Income	-9.1%	41	45	48	2.18	26	15
Earnings Per Share, Basic	-16%	4.25	4.87	4.85	0.241	3.68	1.58
Earnings Per Share, Diluted	-16%	4.25	4.87	4.85	0.241	3.68	1.58

PRECAM - Precision Camshafts Limited Share Price

What does Precision Camshafts Limited do?

Sector Comparison: PRECAM vs Auto Components

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Summary of Latest Earnings Report from Precision Camshafts

Is Precision Camshafts Better than it's peers?

Cash Flow for Precision Camshafts

Valuation

Fundamentals

Profitability

Balance Sheet for Precision Camshafts

Investor Care

Financial Health

Income Statement for Precision Camshafts