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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Precision Camshafts Ltd

About the Company - Precision Camshafts Ltd

Precision Camshafts Ltd. is a Public Limited Listed company incorporated on 08/06/1992 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24231PN1992PLC067126 and registration number is 067126. Currently Company is involved in the business activities of Manufacture of parts and accessories for motor vehicles. Company’s Total Operating Revenue is Rs. 512.12 Cr. and Equity Capital is Rs. 94.99 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - OthersE-102/103, MIDC, Solapur Maharashtra 413006cs@pclindia.in
http://www.pclindia.in
Management
NamePosition Held
Mr. Yatin S ShahChairman & Managing Director
Mr. Ravindra R JoshiWholeTime Director & CFO
Mr. Karan Y ShahWhole Time Director
Dr.(Mrs.) Suhasini Y ShahNon Exe.Non Ind.Director
Mr. Sarvesh N JoshiIndependent Director
Mr. Vaibhav S MahajaniIndependent Director
Mr. Madan M GodseIndependent Director
Mr. Ameet N DravidIndependent Director
Mrs. Savani Arvind LaddhaIndependent Woman Director

Precision Camshafts Ltd. Share Price Update

Share PriceValue
Today₹221.15
Previous Day₹212.30

Basic Stock Data of Precision Camshafts Ltd

Market Cap 2,060 Cr.
Current Price 217
High / Low319/88.0
Stock P/E57.8
Book Value 75.8
Dividend Yield0.46 %
ROCE8.30 %
ROE6.55 %
Face Value 10.0

Data Source: screener.in

Competitors of Precision Camshafts Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Munjal Auto Industries Ltd 899 Cr. 89.9115/35.626.5 38.82.22 %8.71 %5.96 % 2.00
Minda Corporation Ltd 10,304 Cr. 431450/18537.1 78.50.29 %16.5 %19.6 % 2.00
Pricol Ltd 5,059 Cr. 415444/17439.2 63.00.00 %20.1 %18.3 % 1.00
JBM Auto Ltd 26,606 Cr. 2,2502,265/548176 90.10.06 %11.8 %12.9 % 2.00
PPAP Automotive Ltd 299 Cr. 214295/148 2090.70 %1.58 %2.02 % 10.0
Industry Average247.8 Cr230.3855.7695.880.65%11.74%11.76%3.4

Precision Camshafts Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales183.59209.29218.83207.40214.55244.04229.03240.00283.69277.88278.57262.77254.46
Expenses164.73180.34209.15185.60185.20206.68203.61213.58250.42251.48254.05240.20226.75
Operating Profit18.8628.959.6821.8029.3537.3625.4226.4233.2726.4024.5222.5727.71
OPM %10.27%13.83%4.42%10.51%13.68%15.31%11.10%11.01%11.73%9.50%8.80%8.59%10.89%
Other Income10.5810.483.8110.0116.560.8418.940.983.3220.458.387.485.30
Interest1.861.892.171.801.861.661.981.501.672.092.981.901.86
Depreciation20.6120.0421.6619.6019.6218.9133.9018.7318.4219.4818.6119.4220.56
Profit before tax6.9717.50-10.3410.4124.4317.638.487.1716.5025.2811.318.7310.59
Tax %40.32%36.11%-49.52%32.47%16.54%34.03%17.69%41.70%20.06%29.63%1.77%52.92%20.30%
Net Profit4.1711.17-15.477.0320.3911.636.974.1913.1917.8011.114.118.43
EPS in Rs0.491.18-1.630.742.151.220.730.441.391.871.170.430.89

Precision Camshafts Ltd Quarterly Chart

Precision Camshafts Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3033594675324404424216957467098951,0801,074
Expenses261301405390322343342570635648781970972
Operating Profit425862143118998012511261114111101
OPM %14%16%13%27%27%22%19%18%15%9%13%10%9%
Other Income9913-8344240-101941463342
Interest11111311975998789
Depreciation12192841393745788679927578
Profit before tax283735831039769283515616056
Tax %34%35%62%44%34%31%33%75%28%105%24%23%
Net Profit19241346696746726-1464641
EPS in Rs599.61773.61320.875.677.257.024.861.213.680.244.844.874.36
Dividend Payout %2%1%3%1%14%21%21%82%26%415%23%21%

Precision Camshafts Ltd Profit & Loss Yearly Chart

Pricol Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:21%
3 Years:13%
TTM:2%
Compounded Profit Growth
10 Years:7%
5 Years:0%
3 Years:21%
TTM:5%
Stock Price CAGR
10 Years:%
5 Years:35%
3 Years:75%
1 Year:118%
Return on Equity
10 Years:7%
5 Years:3%
3 Years:4%
Last Year:7%

Precision Camshafts Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital33482959595959595959595
Reserves82106170150399464487510523548587622625
Borrowings18017922322216611110716920017613697104
Other Liabilities72108115141111112196256214202239288279
Total Liabilities3363965125957717818851,0301,0311,0201,0571,1021,104
Fixed Assets104199229231191216349490444426360311364
CWIP5224516149926349348217
Investments00626276117154100130196194177185
Other Assets181173216285490440373414423388469532538
Total Assets3363965125957717818851,0301,0311,0201,0571,1021,104

Precision Camshafts Ltd Reserves and Borrowings Chart

Precision Camshafts Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 4831781207864103405812088103
Cash from Investing Activity -106-36-100-97-300-2-22-33-57-85-39-37
Cash from Financing Activity 87-11392194-67-71-103-37-61-60
Net Cash Flow28-171624-28-510-34-2-136

Precision Camshafts Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days678288727487967484796770
Inventory Days621071049611088161169185160196171
Days Payable1021521531511771872191531341449897
Cash Conversion Cycle273738178-11399113596166144
Working Capital Days21402682121317396757662
ROCE %17%14%26%19%16%11%8%6%0%4%8%

Precision Camshafts Ltd Financial Efficiency Indicators Chart

Precision Camshafts Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters65.37%65.37%65.37%65.37%65.37%65.37%65.37%65.37%65.37%65.37%65.37%65.37%
FIIs0.88%0.88%0.12%0.12%0.14%0.14%0.22%0.22%0.17%0.03%0.07%0.11%
DIIs0.47%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.12%0.13%
Public33.28%33.75%34.51%34.51%34.49%34.49%34.41%34.42%34.45%34.59%34.46%34.40%
No. of Shareholders41,76841,16340,11547,05453,03854,82954,42052,81851,96451,70649,15648,520

Precision Camshafts Ltd Shareholding Pattern Chart

No. of Precision Camshafts Ltd Shareholders

This stock is not held by any mutual fund

Precision Camshafts Ltd ROCE Trend

Precision Camshafts Ltd EPS Trend

Precision Camshafts Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)4.874.85-0.083.681.58
Diluted EPS (Rs.)4.874.85-0.083.681.58
Cash EPS (Rs.)12.7914.538.2711.808.63
Book Value[Excl.RevalReserv]/Share (Rs.)75.4371.7667.6768.4663.04
Book Value[Incl.RevalReserv]/Share (Rs.)75.4371.7667.6768.4663.04
Revenue From Operations / Share (Rs.)113.7294.4974.6478.5673.19
PBDIT / Share (Rs.)15.1313.999.2014.0614.28
PBIT / Share (Rs.)7.214.300.844.967.25
PBT / Share (Rs.)6.356.421.633.774.32
Net Profit / Share (Rs.)4.874.84-0.082.701.61
NP After MI And SOA / Share (Rs.)4.874.840.243.681.58
PBDIT Margin (%)13.3014.8012.3117.8919.50
PBIT Margin (%)6.344.541.136.319.90
PBT Margin (%)5.586.792.184.805.89
Net Profit Margin (%)4.285.12-0.103.432.19
NP After MI And SOA Margin (%)4.285.120.324.682.15
Return on Networth / Equity (%)6.456.750.355.652.55
Return on Capital Employeed (%)9.065.471.055.619.05
Return On Assets (%)4.164.340.223.381.51
Long Term Debt / Equity (X)0.020.040.120.240.18
Total Debt / Equity (X)0.120.190.210.300.31
Asset Turnover Ratio (%)0.610.520.400.500.52
Current Ratio (X)1.962.052.212.792.25
Quick Ratio (X)1.331.431.732.061.67
Inventory Turnover Ratio (X)1.701.911.201.482.85
Dividend Payout Ratio (NP) (%)22.5720.630.0025.8163.37
Dividend Payout Ratio (CP) (%)8.596.880.007.4311.62
Earning Retention Ratio (%)77.4379.370.0074.1936.63
Cash Earning Retention Ratio (%)91.4193.120.0092.5788.38
Interest Coverage Ratio (X)17.4618.2211.4314.69241.54
Interest Coverage Ratio (Post Tax) (X)6.623.55-1.084.1078.91
Enterprise Value (Cr.)937.391343.88450.87400.97663.96
EV / Net Operating Revenue (X)0.861.500.630.530.95
EV / EBITDA (X)6.5210.125.163.004.90
MarketCap / Net Operating Revenue (X)0.831.410.530.310.80
Retention Ratios (%)77.4279.360.0074.1836.62
Price / BV (X)1.261.850.580.380.95
Price / Net Operating Revenue (X)0.831.410.530.310.80
EarningsYield0.050.030.010.140.02

Precision Camshafts Ltd Profitability Ratios (%)

Precision Camshafts Ltd Liquidity Ratios

Precision Camshafts Ltd Liquidity Ratios (%)

Precision Camshafts Ltd Interest Coverage Ratios (X)

Precision Camshafts Ltd Valuation Ratios

Fair Value / Intrinsic Value of Precision Camshafts Ltd

Fair Value: ₹288.29

The stock is undervalued by 32.85% compared to the current price ₹217

*Investments are subject to market risks

Strength and Weakness of Precision Camshafts Ltd

StrengthWeakness
  1. The company has higher reserves (405.62 cr) compared to borrowings (159.23 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (462.38 cr) and profit (54.38 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 4.91 and average Dividend Yield of 5.64%.
  2. The stock has a low average ROCE of 10.75%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 45.83, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 65.58, which may not be favorable.

Should I Buy Pricol Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Precision Camshafts Ltd:
    1. Net Profit Margin: 4.28%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 9.06% (Industry Average ROCE: 4.7%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 6.62
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 1.33
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 58.4 (Industry average Stock P/E: 44.68)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.12
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Precision Camshafts Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE