PRECISION CAMSHAFTS LTD.

Manufactures engine camshafts for passenger and commercial vehicle OEMs, with Q4 FY26 total camshaft volumes of 2.21 million units and casting accounting for 70% of the product mix. The bulk of business is direct supply to passenger-vehicle OEMs including Maruti Suzuki, Hyundai, Mahindra & Mahindra, Tata Motors, Renault-Nissan along with select international customers; new program wins from these names add about INR1,500 cr in cumulative lifetime revenue to be executed over 5-6 years. Beyond the core camshaft business, the company has moved into electric mobility through subsidiaries MEMCO (India) and EMOSS (Netherlands), and has developed an electric Heavy Commercial Vehicle platform with its first vehicle delivered to an Indian customer in Q4 FY26. A new Solapur facility is set to start production from Q1 FY27 with planned capacity of 200,000 machined camshafts per month across 10 lines at full ramp. Capital expenditure is guided at INR100-120 cr over the next three years for foundry, machine shop, automation and the Solapur rollout. Raw materials are the largest cost line at 34.6% of revenue, followed by other operating expenses at 38.7% and employee costs at 18.1%.