Precision Camshafts Ltd.
Snapshot View

97.50 -1.80 ▼-1.8%

05 August 2021, 04:00:00 P.M.
Volume: 64,103

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.pclindia.in
Financial Indicators
Market Cap 923.26 Cr.
Earnings per share (EPS) 0.24 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 403.89 Trailing Twelve Months Ending 2021-03
Industry PE 71.33 Trailing Twelve Months Ending 2021-03
Book Value / Share 67.66 Trailing Twelve Months Ending 2021-03
Price to Book Value 1.44 Calculated using Price: 97.20
Dividend Yield 1.03 Period Ending 2021-03
No. of Shares Subscribed 9.50 Cr. 94,985,835 Shares
FaceValue 10
Company Profile

The company was incorporated as ‘Precision Camshafts Private Limited’ on June 8, 1992 under the Companies Act, 1956 (“Companies Act 1956”), with the Registrar of Companies, Maharashtra at Mumbai. Pursuant to conversion of the company into a public limited company, its name was changed to ‘Precision Camshafts Limited’ and a fresh certificate of incorporation consequent upon change of name on conversion to public limited company was issued by the Registrar of Companies, Maharashtra at Mumbai on August 1, 1997. Pursuant to a resolution of the board of directors of the company dated January 10, 2001, the registered office of the company was shifted from 51, Sarvodaya Housing Society, Hotgi Road, Solapur, 413 003, Maharashtra, India.

A majority of the company’s revenue comes from export of camshafts to various OEMs directly and indirectly. It has long term relationships with several marquee global OEMs, such as General Motors, Ford Motors, Hyundai, Maruti Suzuki, Tata Motors and Mahindra and Mahindra. The company currently has two state-of-the-art manufacturing facilities -- an EOU unit and a domestic unit -- both situated at Solapur, Maharashtra. The EOU unit consists of four foundries and two machine shops and products manufactured at the EOU unit are primarily exported to its overseas customers. The domestic unit consists of one foundry and one machine shop and it caters to its domestic customers from this manufacturing facility.

In order to strengthen its business operations in Asia, the company has entered into two joint ventures with NSPCL, the first, Ningbo Shenglong PCL Camshafts Company, for machining of camshafts and the second, PCL Shenglong (Huzhou) Specialised Casting Company, for setting up a foundry in China. Further, the company continues to invest in technologies, designing capabilities and research and development activities. The company uses different technologies in its engineering and manufacturing operations including shell sand molding process technology, special (AI203/ ceramic sand care) technology and GBQII process technology which the company provides it a cost competitive advantage among its competitors. The company also has a dedicated design and development team of nine engineers along with a well-equipped inspection laboratory and a calibration laboratory. The company has also entered into an exclusive agreement with EMAG, a German machining and tooling process company, for transfer of certain know-how and technology in order to strengthen its foray into assembled camshafts and expand its business operations in the European market.

Business area of the company

The company is one of the world’s leading manufacturers and supplier of camshafts, a critical engine component, in the passenger vehicle segment based on its estimated global market share by volume. The company supplies over 150 varieties of camshafts for passenger vehicles, tractors, light commercial vehicles and locomotive engine applications from its manufacturing facilities in Solapur, Maharashtra.

Milestones

  • 1992: Incorporation of the company.
  • 1997: Expanded its machine shop and foundry operations pursuant to an investment by a private equity investor Commonwealth Development Corporation, United Kingdom (CDC).
  • 1997: Subscription of 66,360 equity shares of the company by Nandi Investments Limited, a private equity investor.
  • 1999: Signed a technical and financial joint venture with G. Clancey Limited, United Kingdom, an European manufacturer of camshafts.
  • 1999: Incorporation of a joint venture company, Clancey Precision Components Private Limited (CPCPL) with G. Clancey Limited to manufacture 1,800,000 camshaft castings per year as an Export Oriented Unit (“EOU”).
  • 1999: Merger of Precision Shellcast Limited (“PSL”) with the company pursuant to a scheme of amalgamation as approved by an order of the High Court of Bombay dated February 11, 1999.
  • 2006: Acquired 100% ownership in CPCPL by acquiring the stake of its joint venture partner G. Clancey Limited, United Kingdom thereby changing the name of such company to Precision Valvetrain Private Limited (“PVPL”).
  • 2007: Purchase of 123,197 equity shares of the company held by Nandi Investments Limited, a private equity investor by TML Financial Services Limited.
  • 2008: Merger of PVPL with the company pursuant to a scheme of amalgamation as approved by an order of the High Court of Bombay dated February 1, 2008.
  • 2008: Transfer of 123,197 equity shares by TML Financial Services Limited to Tata Capital Limited pursuant to a deed of adherence dated February 26, 2008.
  • 2008: Purchase of 39,919 equity shares of the Company by Tata Capital Limited pursuant to a Share sale and purchase and Shareholders Agreement dated July 31, 2008.
  • 2011: Incorporation of the wholly owned subsidiary ‘PCL (Shanghai) Company Limited’ in China.
  • 2012: Signed a joint venture agreement with Shenglong Automotive Powertrain Company Limited, China for setting up a camshaft machining facility in China.
  • 2013: Signed a joint venture agreement with Shenglong Automotive Powertrain Company Limited, China and ZMM Technology Limited, to set up a Foundry for manufacturing 4,000,000 camshaft castings per annum at Huzhou in China.
  • 2014: An exclusive agreement with EMAG, a German machining and tooling process company, for transfer of certain know-how and technology for manufacturing of assembled camshafts.

Awards, certifications and recognitions

  • 2007: Received ‘Indian Exporters Excellence Award’ from Dun and Bradstreet India.
  • 2007: Received ‘India Western Region Award’ from Export Promotion Council of India.
  • 2008: Received ‘Excellence in Export Award’ in general category by DHL - CNBC TV18.
  • 2008: Received ‘Award for Outstanding Exporter in Engineering Category’ by DHL - CNBC TV18.
  • 2008: Received ‘Indian Exporters Excellence Award’ from Dun and Bradstreet India - Export Credit Guarantee Corporation of India Limited for being the winner in the engineering goods sector under the small exporters category.
  • 2008: Granted membership with Dun and Bradstreet.
  • 2008: Received ‘Customer Relationship Award’ from Tata Capital Limited.
  • 2008: Received ‘Indian Exporters Excellence Award’ from Dun and Bradstreet India - Export Credit Guarantee Corporation of India Limited in small exporters category.
  • 2009: Received ‘Excellence in Exports Award’ in silver category by Automotive Component Manufacturers Association of India.
  • 2010: Received ‘Excellence in Exports Award’ in gold category by Automotive Component Manufacturers Association of India.
  • 2011: Received ‘JRD Tata Udyog Ratna Award’ by Maharashtra Rajya Audyogik Vikas Parishad.
  • 2013: BS OHSAS 18001:2007 certification issued by TUV SUD Management Service GmbH.
  • 2013: ISO 14001:2004 certification issued by TUV SUD Management Service GmbH.
  • 2013: Received ISO / TS 16949 : 2002 certification issued by TUV SUD Management Service GmbH.
  • 2013: Received ISO/TS 16949:2009 certification issued by TUV SUD Management Service GmbH.
  • 2013: Granted Automotive Component Manufacturers Association of India Membership.
  • 2014: Received ‘Pitstop Overall Performance Award’ by Maruti Suzuki.
  • 2015: Received ‘Best Overall Exporter Award’ from Dun and Bradstreet India - Export Credit Guarantee Corporation of India Limited Indian Exporters’ Excellence Awards under the medium exporters category.
  • 2015: Received ‘Best Manufacturer Exporter Award’ from Dun and Bradstreet India - Export Credit Guarantee Corporation of India Limited Indian Exporters’ Excellence Awards under the medium exporters category.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.81%
1 Week
-4.83%
1 Month
+17.68%
3 Month
+114.52%
6 Month
+112.88%
1 Year
+192.79%
2 Year
+139.56%
5 Year
-34.21%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 24.47 9.27 22.93 15.40 10.59 5.46 1.25 4.19 -0.12
Return on Capital Employed (%) 17.09 13.78 22.17 17.87 14.04 8.69 5.11 5.61 2.83
Return on Assets (%) 6.53 2.89 8.39 8.18 7.16 3.72 0.77 2.49 -0.08

Balance Sheet View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 110 174 232 494 559 581 605 618 643
Non Curr. Liab. 144 145 134 90 44 111 160 187 118
Curr. Liab. 141 193 229 187 179 178 224 194 260
Minority Int. 15 42 32
Equity & Liab. 396 512 595 771 781 885 1,030 1,031 1,020
Non Curr. Assets 234 304 323 303 274 416 525 491 447
Curr. Assets 160 207 271 468 508 469 505 540 573
Misc. Exp. not W/O 1 1 0
Total Assets 396 512 595 771 781 885 1,030 1,031 1,020

Profit Loss View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Net Sales 359 467 532 440 442 421 697 746 709
Other Income 9 13 10 21 31 25 18 21 26
Total Income 368 480 543 461 474 446 715 768 735
Total Expenditure -301 -405 -407 -323 -343 -342 -572 -634 -648
PBIDT 66 75 135 139 131 104 143 133 87
Interest -11 -13 -11 -9 -7 -5 -9 -9 -8
Depreciation -19 -28 -41 -39 -37 -45 -78 -86 -79
Taxation -13 -21 -37 -35 -31 -23 -21 -10 -16
Exceptional Items -27 -2 15
PAT 24 13 46 56 56 31 7 26 -1

Cash Flow View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 31 78 120 78 64 103 40 58 120
Cash Fr. Inv. -36 -100 -98 -300 -2 -22 -34 -59 -89
Cash Fr. Finan. -11 39 2 194 -67 -71 -10 3 -35
Net Change -17 17 24 -29 -5 10 -4 2 -4
Cash & Cash Eqvt 13 30 54 21 16 26 23 27 26

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 63.99 63.99 65.30 65.37 65.37 65.37 65.37 65.37 65.37
Public 36.01 36.01 34.70 34.63 34.63 34.63 34.63 34.63 34.63
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Mon, 02 Aug 2021
Board Meeting Intimation for PRIOR INTIMATION REGARDING BOARD MEETING TO CONSIDER AND APPROVE UNAUDITED STANDALONE AND CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30Th JUNE 2021
Precision Camshafts Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/08/2021 inter alia to consider and approve Dear Sir/Madam

We wish to inform you that pursuant to Regulation 29 & 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 ("Listing Regulations") a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday 10th August 2021 via video conferencing inter alia to consider and approve unaudited Standalone and Consolidated Financial Results for the Quarter ended 30th June 2021.

The Trading Window for dealing in shares of the Company by Directors Promoters Designated Persons and Immediate relatives of Directors Promoters Designated persons and their connect persons their connected persons is closed from 1st July 2021 till 48 hours after declaration of unaudited Standalone and Consolidated Financial Results for the Quarter ended 30th June 2021. Intimation of the same is submitted to stock exchange(s) on 29th June 2021 and hosted on website of the Company.


Thu, 29 Jul 2021
Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations 2015)
Precision Camshafts Ltd has informed BSE regarding the details of Voting results of AGM under Regulation 44(3) of SEBI (LODR) Regulations 2015. Kindly Click here
Thu, 29 Jul 2021
Video Link Of 29Th Annual General Meeting Of The Company Held On 27Th July 2021 Via Video Conferencing (VC)/Other Audio-Visual Means (OAVM) Hosted From Solapur At 3:00 PM.
Dear Sir/Madam
With reference to above and pursuant to Regulation 30 & 46 of SEBI (Listing Obligations and Disclosure Requirements) (LODR) Regulations 2015 the 29th Annual General Meeting of the Company was held on Tuesday 27th July 2021 via Video Conferencing (VC)/Other Audio-Visual Means (OAVM) hosted from Solapur at 3:00 PM.
The stakeholders may access the video recording of Precision Camshafts Limited AGM 2021 on the Companys website at https://pclindia.in/index.php/in-the-news/

Technical Scans View Details

Thu, 05 Aug 2021
Opening at High Opening at High
Closing Below Previous Low Closing Below Previous Low
Closing Below Previous Low for 3 days Closing Below Previous Low for 3 days
Making Lower Lows for 3 days Making Lower Lows for 3 days
Close Within 52 Week High Zone Close Within 52 Week High Zone

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