Precision Camshafts

Precision Camshafts Ltd.

NSE: PRECAM BSE: 539636 SECTOR: Auto Ancillary  37k   214   35

169.95
+1.35 (0.80%)
NSE: Today, 03:59 PM

Price Summary

Today's High

₹ 172.7

Today's Low

₹ 165.9

52 Week High

₹ 182.45

52 Week Low

₹ 85.3

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

₹ 1614.28 Cr.

Enterprise Value

₹ 1613.18 Cr.

No. of Shares

9.5 Cr.

P/E

26.49

P/B

1.97

Face Value

₹ 10

Div. Yield

0.59 %

Book Value (TTM)

₹  86.38

CASH

₹ 45.64 Cr.

DEBT

₹ 44.54 Cr.

Promoter Holding

65.37 %

EPS (TTM)

₹  6.42

Sales Growth

34.15%

ROE

8.92 %

ROCE

11.35%

Profit Growth

7.1 %

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* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Brands

These are the brands of Precision Camshafts Ltd.

Memco MFT Future Inside

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.

PE Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

PB Chart 1w 1m 3m 6m 1Yr 3Yr 5Yr

* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year34.15%
3 Year6.52%
5 Year2.94%

Profit Growth

1 Year7.1%
3 Year15.47%
5 Year1.66%

ROE%

1 Year8.92%
3 Year9.83%
5 Year8.61%

ROCE %

1 Year11.35%
3 Year12.18%
5 Year11.34%

Debt/Equity

0.0579

Price to Cash Flow

27.56

Interest Cover Ratio

34.2053733184289

CFO/PAT (5 Yr. Avg.)

1.4060683856474

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 65.37 0
Dec 2022 65.37 0
Sep 2022 65.37 0
Jun 2022 65.37 0
Mar 2022 65.37 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 15.4748123247906% for the Past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 34.2053733184289.
  • The Company has been maintaining an effective average operating margins of 20.5175433139843% in the last 5 years.
  • The company has an efficient Cash Conversion Cycle of -43.9795741249043 days.
  • Company has a healthy liquidity position with current ratio of 3.21740619839358.
  • The company has a good cash flow management; CFO/PAT stands at 1.4060683856474.
  • The company has a high promoter holding of 65.37%.

 Limitations

  • The company has shown a poor revenue growth of 6.52253620437269% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 150.26 146.78 160.17 150.6 168.8
Total Expenditure 123.49 122.55 137.87 128.93 147.01
Operating Profit 26.77 24.23 22.3 21.67 21.79
Other Income 5.23 1.58 3.63 20.46 7.82
Interest 0.86 0.66 0.78 0.82 1.46
Depreciation 9.23 9.21 9.23 9.62 8.29
Exceptional Items 0 0 0 0 0
Profit Before Tax 21.91 15.93 15.92 31.69 19.87
Tax 5.66 3.84 3.87 8.93 5.83
Profit After Tax 16.25 12.09 12.06 22.76 14.04
Adjusted EPS (Rs) 1.71 1.27 1.27 2.4 1.48

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 400.55 423.69 442.89 381.76 512.12
Total Expenditure 323.91 325.09 343.24 306.32 418.59
Operating Profit 76.64 98.6 99.65 75.45 93.54
Other Income 24.6 16.91 21.17 27.23 19.53
Interest 4.71 2.83 2.96 1.53 2.59
Depreciation 42.77 46.95 50.89 35.36 37.1
Exceptional Items 0 0 18.68 15.1 12.78
Profit Before Tax 53.76 65.71 85.65 80.88 86.14
Tax 19.01 22.8 13.6 19.19 20.07
Net Profit 34.76 42.91 72.05 61.69 66.08
Adjusted EPS (Rs.) 3.66 4.52 7.59 6.5 6.96

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 94.88 94.99 94.99 94.99 94.99
Total Reserves 475.24 506.96 554.89 617.38 674.94
Borrowings 0 0 0 0 0
Other N/C liabilities 17.43 21.72 13.37 13.48 11.93
Current liabilities 138.15 115.87 96.41 126.08 135.16
Total Liabilities 725.69 739.54 759.65 851.94 917.01
Assets
Net Block 242.07 279.49 244.81 225.78 204.93
Capital WIP 8.57 8.02 8.36 5.69 32.73
Intangible WIP 0 0 0 0 0.45
Investments 73.4 72.35 79.79 79.58 79.58
Loans & Advances 1.89 33.1 51.8 112.9 143.18
Other N/C Assets 12.81 9.08 10.29 10.81 21.29
Current Assets 386.96 337.5 364.59 417.17 434.86
Total Assets 725.69 739.54 759.65 851.94 917.01
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 53.76 65.71 85.65 80.88 86.14
Adjustment 30.51 42.29 38.52 12.49 26.32
Changes in Assets & Liabilities 32.1 -25.39 -32.14 29.64 -32.97
Tax Paid -16.95 -19.08 -25.77 -20.64 -20.91
Operating Cash Flow 99.43 63.53 66.26 102.38 58.58
Investing Cash Flow -19.81 -24.59 -27 -121.47 -65.14
Financing Cash Flow -87.46 -33.88 -28.51 12.55 -4.53
Net Cash Flow -7.84 5.06 10.75 -6.54 -11.1

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 65.37 65.37 65.37 65.37 65.37
yatin subhash shah 39.54 39.43 39.39 39.38 39.36
suhasini yatin shah 10.95 10.97 10.98 10.95 10.97
cams technology li... 13.18 13.19 13.20 13.18 13.19
manjiri vinayak ch... 0.31 0.31 0.31 0.31 0.31
karan yatin shah - - - - -
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 34.63 34.63 34.63 34.63 34.63
jayant vasudeo ara... 8.63 8.64 8.65 8.63 8.64
sbi magnum global ... 7.15 7.16 3.16 7.15 -
sbi magnum balance... - - 3.90 - 7.16
icici prudential l... 3.61 - - - -
icici prudential l... - 3.19 - 3.59 -
idfc premier equit... - - 3.54 - 3.43
icici prudential m... - - - - -
maneesh jayant ara... 1.72 1.72 1.73 1.72 1.72
idfc multi cap fund - 1.35 - - -
llp - - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Precision Camshafts informs about press release27 May 2023, 3:15PM Precision Camshafts - Quaterly Results26 May 2023, 9:36PM Precision Camshafts - Quaterly Results26 May 2023, 9:36PM Precision Camshafts informs about board meeting 19 May 2023, 12:54PM Precision Camshafts informs about compliance certificate 14 Apr 2023, 4:50PM Precision Camshafts informs about transcript of earnings call6 Mar 2023, 5:05PM Precision Camshafts informs about audio recording of earnings call 3 Mar 2023, 4:55PM Precision Camshafts informs about investor presentation 28 Feb 2023, 12:28PM Precision Camshafts - Quaterly Results10 Feb 2023, 6:39PM Precision Camshafts - Quaterly Results10 Feb 2023, 6:39PM Precision Camshafts informs about certificate9 Jan 2023, 4:12PM Precision Camshafts informs about newspaper publication26 Dec 2022, 4:26PM Precision Camshafts informs about closure of trading window23 Dec 2022, 3:15PM Precision Camshafts informs about analyst meet23 Nov 2022, 12:24PM Precision Camshafts - Quaterly Results10 Nov 2022, 4:37PM Precision Camshafts - Quaterly Results10 Nov 2022, 4:37PM Precision Camshafts informs about closure of trading window 27 Sep 2022, 4:12PM Precision Camshafts informs about transcript of earnings call16 Sep 2022, 10:49AM Precision Camshafts informs about recording of earnings call13 Sep 2022, 11:46AM Precision Camshafts informs about newspaper advertisements30 Aug 2022, 4:25PM Precision Camshafts - Quaterly Results10 Aug 2022, 5:11PM Precision Camshafts - Quaterly Results10 Aug 2022, 5:11PM Precision Camshafts informs about corporate action4 Aug 2022, 3:59PM Precision Camshafts informs about transcript of earnings call14 Jun 2022, 5:00PM Precision Camshafts informs about investor presentation8 Jun 2022, 2:47PM Precision Camshafts informs about newspaper publication28 May 2022, 3:55PM Precision Camshafts - Quaterly Results26 May 2022, 4:27PM Precision Camshafts - Quaterly Results26 May 2022, 4:27PM Precision Camshafts informs about press release12 May 2022, 2:48PM Precision Camshafts - Quaterly Results11 Feb 2022, 2:39PM Precision Camshafts - Quaterly Results11 Feb 2022, 2:39PM Precision Camshafts - Quaterly Results11 Feb 2022, 2:39PM Precision Camshafts informs about article published in autocar professional19 Jan 2022, 4:34PM Precision Camshafts informs about closure of trading window29 Dec 2021, 4:38PM Precision Camshafts informs about press release24 Dec 2021, 1:41PM Precision Camshafts informs about press release20 Dec 2021, 1:57PM Precision Camshafts informs about disclosure18 Dec 2021, 2:21PM Precision Camshafts informs about clarifications 10 Dec 2021, 1:34PM Precision Camshafts retrofits mid-size passenger AC Bus into 100% electric Bus17 Sep 2021, 10:33AM Precision Camshafts informs about outcome of board meeting3 Sep 2021, 3:25PM Precision Camshafts informs about annual secretarial compliance report27 May 2021, 4:36PM Precision Camshafts informs about investor presentation26 May 2021, 12:29PM Precision Camshafts informs about book closure26 May 2021, 12:10PM Precision Camshafts informs about board meeting15 May 2021, 5:38PM Precision Camshafts informs about board meeting30 Oct 2020, 4:37PM Precision Camshafts’ arm acquires 49% stake in EMOSS27 Jul 2020, 11:13AM Precision Camshafts’ arm acquires 24% stake in MFT Motoren und Fahrzeugtechnik GmbH25 Jul 2020, 8:54AM

Precision Camshafts Stock Price Analysis and Quick Research Report. Is Precision Camshafts an attractive stock to invest in?

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The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Precision Camshafts is performing and if it is the right time to buy the stock of Precision Camshafts with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Precision Camshafts has reported outstanding sales growth of 34.1464002405672 % and in the latest quarter sales was Rs 168.8 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 8.90090221617384 times for Precision Camshafts . It is managing its inventory poorly .
     
  • The company reported Profit growth of 7.10321486807597 % over the year, where the latest year profit is Rs 66.0769 Cr compared to the previous year of Rs 61.6946 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs 21.793 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Precision Camshafts has a poor ROE of 8.91638025207093 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Precision Camshafts has a low Debt to Equity ratio of 0.0579.
     
  • Precision Camshafts pays a dividend of 1.1 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 0.5926 %.
     
  • The share of promoter in the company is high at 65.37 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Precision Camshafts is 26.096375027273 compared to the 5 year average PE of 13.8867032959051 .
Brief about Precision Camshafts

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