Auto Components
Valuation | |
|---|---|
| Market Cap | 1.42 kCr |
| Price/Earnings (Trailing) | 21.45 |
| Price/Sales (Trailing) | 1.72 |
| EV/EBITDA | 9.31 |
| Price/Free Cashflow | 20.32 |
| MarketCap/EBT | 15.08 |
| Enterprise Value | 1.44 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 1.5% |
| Price Change 1M | -10.4% |
| Price Change 6M | -14% |
| Price Change 1Y | -49.8% |
| 3Y Cumulative Return | 13.4% |
| 5Y Cumulative Return | 26.6% |
| 7Y Cumulative Return | 14.8% |
| 10Y Cumulative Return | -1.1% |
| Revenue (TTM) |
| 826.63 Cr |
| Rev. Growth (Yr) | -12.9% |
| Earnings (TTM) | 66.06 Cr |
| Earnings Growth (Yr) | 56.7% |
Profitability | |
|---|---|
| Operating Margin | 6% |
| EBT Margin | 11% |
| Return on Equity | 8.1% |
| Return on Assets | 6.36% |
| Free Cashflow Yield | 4.92% |
Cash Flow & Liquidity |
|---|
| 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 | 36.35 Cr |
| Free Cash Flow (TTM) | 89.42 Cr |
| Free Cash Flow/Share (TTM) | 9.41 |
Balance Sheet | |
|---|---|
| Total Assets | 1.04 kCr |
| Total Liabilities | 224.19 Cr |
| Shareholder Equity | 815.25 Cr |
| Current Assets | 656.56 Cr |
| Current Liabilities | 186.73 Cr |
| Net PPE | 234.79 Cr |
| Inventory | 90.94 Cr |
| Goodwill | 13.59 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.05 |
| Debt/Equity | 0.07 |
| Interest Coverage | 10.31 |
| Interest/Cashflow Ops | 18.57 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 1 |
| Dividend Yield | 0.67% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Profitability: Recent profitability of 8% is a good sign.
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Momentum: Stock has a weak negative price momentum.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -20.1% in past one year. In past three years, revenues have changed by -17%.
Smart Money: Smart money is losing interest in the stock.
Profitability: Recent profitability of 8% is a good sign.
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Momentum: Stock has a weak negative price momentum.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -20.1% in past one year. In past three years, revenues have changed by -17%.
Smart Money: Smart money is losing interest in the stock.
Investor Care | |
|---|---|
| Dividend Yield | 0.67% |
| Dividend/Share (TTM) | 1 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 6.96 |
Financial Health | |
|---|---|
| Current Ratio | 3.52 |
| Debt/Equity | 0.07 |
Technical Indicators | |
|---|---|
| RSI (14d) | 48.12 |
| RSI (5d) | 50.34 |
| RSI (21d) | 40.29 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Hold |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal |
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.
In the Q2 FY '25 and '26 earnings call, Precision Camshafts Limited (PCL) management, led by Mr. Karan Shah, provided a detailed outlook amid significant challenges. The company reported a loss of INR 42.65 crores for the quarter, sharply contrasting with profits of INR 25.6 crores in the previous quarter and INR 18.3 crores in the same quarter last year. This loss was primarily driven by exceptional items totaling INR 49.7 crores due to the impairment of investments in its German subsidiary, MFT GmbH, which is undergoing liquidation.
Despite the adverse economic conditions in European markets, PCL's stand-alone business demonstrated stability with revenue of INR 149 crores and an EBITDA margin of 14%. The management highlighted the resilience of the Indian market, securing several new significant contracts, most notably from Maruti Suzuki, Hyundai India, Mahindra, and UzAuto, which collectively amount to nearly INR 1,500 crores over the duration of these projects.
PCL is investing approximately INR 120 crores in new projects, including a state-of-the-art manufacturing plant in Solapur, aimed at increasing production capacity. In terms of subsidiary performance, MEMCO reported INR 14.3 crores in revenue, while EMOSS in the Netherlands achieved INR 22 crores, reflecting a growth trajectory despite challenging market conditions.
Looking ahead, management expects the new contracts to commence production in 2026, with contracts generally covering a lifespan of 5 to 6 years. They foresee significant volume increases in camshafts as the new projects enter production, although the company has slowed initiatives related to retrofitting commercial vehicles due to regulatory changes and uncertain demand visibility.
Overall, the outlook appears cautiously optimistic, with anticipated growth in the domestic market mitigating the impact of European market challenges.
Understand Precision Camshafts ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Yatin Subhash Shah | 39.78% |
| Cams Technology Limited | 14.22% |
| Suhasini Yatin Shah | 11.35% |
| Jayant Aradhye | 8.4% |
| Ajay Upadhyaya | 2.11% |
| Rama Maneesh Aradhye | 1.48% |
| Maneesh Jayant Aradhye | 1.2% |
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 | 19.55 kCr | 6.19 kCr | -2.30% | -11.00% | 35.29 | 3.16 | - | - |
| JAMNAAUTO | Jamna Auto Industries | 5.07 kCr |
Comprehensive comparison against sector averages
PRECAM metrics compared to Auto
| Category | PRECAM | Auto |
|---|---|---|
| PE | 21.67 | 39.18 |
| PS | 1.73 | 2.22 |
| Growth | -20.1 % | 8.8 % |
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.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
PRECAM vs Auto (2021 - 2026)
Question 1: "So, since this subsidiary has gone into liquidation, will we see more one-time write-offs in the subsequent quarters, sir?"
Answer: No, sir. This is a complete write-off of our investments into MFT GmbH, and there will be no further write-offs.
Question 2: "So, from next quarter onwards, we will not report losses also from that subsidiary, right?"
Answer: Yes, correct.
Question 3: "And regarding the new orders, which you mentioned about Maruti Suzuki and Mahindra & Mahindra, so when those programs are going to start? And what is the duration of those contracts in a number of years?"
Answer: Sir, typically, the duration of the contract is the life of the engine, which is 5 to 6 years, roughly. All these programs are in execution mode and will start SOP in calendar year '26.
Question 4: "And this INR100 crores fresh investment that you talked about is particularly for these programs only?"
Answer: It's for all these programs, sir. Yes.
Question 5: "Lastly, you said now you are not going ahead with retrofitting of small commercial vehicles. This program you are not going to pursue anymore now?"
Answer: We are not pursuing it as aggressively due to low demand visibility and regulatory changes. However, our heavy commercial vehicle project continues, with first vehicles expected to be delivered this financial year.
Question 6: "Wouldn't it be a good idea to get out of that business and concentrate on our camshaft business?"
Answer: This business is stable and not draining resources from the parent company. We're maintaining focus on our core camshaft business in India, which has strong growth visibility.
Question 7: "Our volume has stagnated over the last few years. When are we likely to see a material jump in volume, particularly for machine camshafts?"
Answer: Several new projects have been awarded, and production will begin next year. In 1 to 2 years, we'll see volume increases, especially for machined camshafts.
Question 8: "So, from next year, we should see a substantial jump in the volumes for both camshaft as well as machine camshaft?"
Answer: Right, sir. This is contingent upon stable market conditions remaining in place.
| Karan Yatin Shah | 0.02% |
| Mayura Karan Shah | 0% |
| Tanvi Yatin Shah | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| 2.31 kCr |
| -3.80% |
| +38.30% |
| 28.12 |
| 2.19 |
| - |
| - |
| 44.4% |
| 27 |
| 19 |
| -5.75 |
| 20 |
| 15 |
| 4.82 |
| Exceptional items before tax | -103% | 0 | 34 | 1.23 | 0 | 0 | 0 |
| Total profit before tax | -50% | 27 | 53 | -4.52 | 20 | 15 | 4.82 |
| Current tax | -77% | 3.3 | 11 | 4.21 | 6.91 | 2.66 | 3.06 |
| Deferred tax | 1476.9% | 5.1 | 1.26 | -2.36 | 4.36 | 0.65 | -1.59 |
| Total tax | -38.3% | 8.4 | 13 | 1.84 | 11 | 3.3 | 1.47 |
| Total profit (loss) for period | -53.8% | 19 | 40 | -6.36 | 8.4 | 12 | 3.35 |
| Other comp. income net of taxes | 58.9% | 0.03 | -1.36 | 2.16 | -1.44 | 0.19 | 0.75 |
| Total Comprehensive Income | -52.6% | 19 | 39 | -4.2 | 6.96 | 12 | 4.1 |
| Earnings Per Share, Basic | -69.9% | 1.98 | 4.26 | -0.67 | 0.89 | 1.22 | 0.35 |
| Earnings Per Share, Diluted | -69.9% | 1.98 | 4.26 | -0.67 | 0.89 | 1.22 | 0.35 |
| 5.22 |
| 4.61 |
| 3.72 |
| 2.59 |
| 1.53 |
| 2.96 |
| Depreciation and Amortization | 0% | 40 | 40 | 36 | 37 | 35 | 51 |
| Other expenses | -2.7% | 251 | 258 | 235 | 187 | 141 | 160 |
| Total Expenses | -5.5% | 572 | 605 | 576 | 458 | 343 | 397 |
| Profit Before exceptional items and Tax | -28.3% | 72 | 100 | 83 | 73 | 66 | 67 |
| Exceptional items before tax | - | -35.08 | 0 | 0 | 13 | 15 | 19 |
| Total profit before tax | -63.6% | 37 | 100 | 83 | 86 | 81 | 86 |
| Current tax | 33.3% | 25 | 19 | 24 | 22 | 19 | 25 |
| Deferred tax | 300% | 4.16 | 1.79 | -1.98 | -1.57 | 0.42 | -11.87 |
| Total tax | 40% | 29 | 21 | 22 | 20 | 19 | 14 |
| Total profit (loss) for period | -91.7% | 7.36 | 78 | 61 | 66 | 62 | 72 |
| Other comp. income net of taxes | -30.5% | 0.23 | 0.41 | 0.14 | 1.05 | 0.51 | -1.6 |
| Total Comprehensive Income | -91.6% | 7.59 | 79 | 61 | 67 | 62 | 70 |
| Earnings Per Share, Basic | -103.2% | 0.77 | 8.25 | 6.42 | 6.96 | 6.495 | 7.59 |
| Earnings Per Share, Diluted | -103.2% | 0.77 | 8.25 | 6.42 | 6.96 | 6.504 | 7.58 |
| -1% |
| 2.92 |
| 2.94 |
| 0 |
| 0 |
| 0 |
| 163 |
| Non-current investments | -33.7% | 60 | 90 | 163 | 163 | 163 | 0 |
| Loans, non-current | -21.5% | 63 | 80 | 99 | 95 | 93 | 95 |
| Total non-current financial assets | -26.7% | 127 | 173 | 266 | 263 | 261 | 98 |
| Total non-current assets | -3.7% | 449 | 466 | 549 | 544 | 540 | 533 |
| Total assets | -4% | 1,033 | 1,076 | 1,080 | 1,065 | 1,019 | 984 |
| Total non-current financial liabilities | 18.6% | 1.51 | 1.43 | 0 | 0 | 0 | 0 |
| Provisions, non-current | 1.9% | 6.85 | 6.74 | 5.9 | 5.66 | 5.17 | 4.69 |
| Total non-current liabilities | 31.2% | 22 | 17 | 16 | 10 | 6.64 | 7.34 |
| Borrowings, current | -27.1% | 52 | 71 | 54 | 59 | 53 | 42 |
| Total current financial liabilities | -9% | 143 | 157 | 139 | 158 | 156 | 151 |
| Provisions, current | 0% | 1.65 | 1.65 | 2.06 | 2.06 | 1.85 | 1.85 |
| Current tax liabilities | -115.4% | 0.02 | 7.35 | 2.99 | 1.64 | 1.9 | 0.65 |
| Total current liabilities | -12.5% | 148 | 169 | 145 | 164 | 161 | 156 |
| Total liabilities | -9.6% | 171 | 189 | 163 | 175 | 168 | 163 |
| Equity share capital | 0% | 95 | 95 | 95 | 95 | 95 | 95 |
| Total equity | -3% | 861 | 888 | 917 | 890 | 851 | 821 |
| Total equity and liabilities | -4% | 1,033 | 1,076 | 1,080 | 1,065 | 1,019 | 984 |
| - |
| 19 |
| 0 |
| 24 |
| 21 |
| - |
| - |
| Net Cashflows From Operating Activities | 35.2% | 120 | 89 | 67 | 59 | - | - |
| Proceeds from sales of PPE | -5.6% | 1.17 | 1.18 | 0 | 0.18 | - | - |
| Purchase of property, plant and equipment | -21.7% | 48 | 61 | 49 | 56 | - | - |
| Proceeds from sales of investment property | - | 0 | 0 | 40 | 76 | - | - |
| Purchase of investment property | - | 0 | 0 | 22 | 58 | - | - |
| Proceeds from sales of long-term assets | - | 0 | 0 | -2.06 | 0.46 | - | - |
| Cash receipts from repayment of advances and loans made to other parties | - | 16 | 0 | 0 | 0 | - | - |
| Interest received | -14.6% | 4.73 | 5.37 | 8.62 | 5.54 | - | - |
| Other inflows (outflows) of cash | -128.9% | -75.51 | -32.43 | 0 | 0 | - | - |
| Net Cashflows From Investing Activities | -16.1% | -100.89 | -86.74 | -51.21 | -65.14 | - | - |
| Proceeds from borrowings | - | 12 | 0 | -2.97 | 7.61 | - | - |
| Repayments of borrowings | 94.6% | 0 | -17.58 | 0 | 0 | - | - |
| Dividends paid | -1.2% | 9.51 | 9.61 | 10 | 9.5 | - | - |
| Interest paid | 16.9% | 5.22 | 4.61 | 3.72 | 2.59 | - | - |
| Other inflows (outflows) of cash | -51.9% | -0.61 | -0.06 | 0 | 0 | - | - |
| Net Cashflows from Financing Activities | -298.3% | -3.58 | 3.31 | -17.17 | -4.53 | - | - |
| Effect of exchange rate on cash eq. | - | 0 | 0 | 0 | -0.01 | - | - |
| Net change in cash and cash eq. | 221.8% | 15 | 5.35 | -0.95 | -11.1 | - | - |