Precision Camshafts Ltd
NSE:PRECAM
Precision Camshafts Ltd
Precision Camshafts Ltd. engages in the manufacturing and sale of camshaft castings and machined camshafts to the auto industry and the railways. The company is headquartered in Pune, Maharashtra. The company went IPO on 2016-02-08. The firm is engaged in the manufacture and sale of camshaft castings and machined camshafts to the Auto Industry and the railways. The firm's geographical segments include within India and outside India. The Company’s product includes a range of camshafts, balancer shafts, injector components and other automotive and non-automotive components, specifically suited to cater to the requirements of original equipment manufacturers (OEMs) around the world. The firm manufactures machined and cast camshafts as per users' requirements for single overhead camshaft (SOHC), double overhead camshaft (DOHC), V6 and V8 engines with variable cam timing (VCT) or non-VCT application. The firm manufactures straight hollow for oil gallery application by using sand and or glass. The firm manufactures profiled hollow for weight reduction application by using sand core.
Precision Camshafts Ltd. engages in the manufacturing and sale of camshaft castings and machined camshafts to the auto industry and the railways. The company is headquartered in Pune, Maharashtra. The company went IPO on 2016-02-08. The firm is engaged in the manufacture and sale of camshaft castings and machined camshafts to the Auto Industry and the railways. The firm's geographical segments include within India and outside India. The Company’s product includes a range of camshafts, balancer shafts, injector components and other automotive and non-automotive components, specifically suited to cater to the requirements of original equipment manufacturers (OEMs) around the world. The firm manufactures machined and cast camshafts as per users' requirements for single overhead camshaft (SOHC), double overhead camshaft (DOHC), V6 and V8 engines with variable cam timing (VCT) or non-VCT application. The firm manufactures straight hollow for oil gallery application by using sand and or glass. The firm manufactures profiled hollow for weight reduction application by using sand core.
Loss Due to One-Time Item: Precision Camshafts reported a loss of INR 42.65 crores for the quarter, mainly due to an exceptional write-off of INR 49.7 crores related to its German subsidiary, MFT GmbH, entering insolvency.
Stable Core Indian Operations: Despite global headwinds, the stand-alone Indian business remained stable with revenue of INR 149 crores and an EBITDA margin of 14%.
Strong Order Book: The company secured new contracts with major customers like Maruti Suzuki, Hyundai, and Mahindra, adding nearly INR 1,500 crores to its order book through 2032.
New Investments: PCL is investing approximately INR 120 crores in new manufacturing projects tied to recently won contracts.
No Further Write-Offs Expected: Management confirmed the MFT insolvency is fully written off and will not impact future quarters.
Volume Growth Expected: Material volume increases are expected from next year as new projects begin production, especially in machine camshafts.
Mixed Subsidiary Performance: Dutch EMOSS subsidiary remained stable but not growing as previously; MEMCO saw quarter-on-quarter revenue growth.
