NSE: PRECAM · BSE: 539636
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%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Camshafts, Casting, E-mobility (MEMCO and EMOSS). Auto-components manufacturer with casting-to-machining integration, expanding into e-mobility and electric heavy commercial vehicles
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 895 | 1,080 | 1,031 | 865 | 773 |
| EBITDA (ex other income) | 141 | 111 | 118 | 116 | 79 |
| margin % | 15.8 | 10.2 | 11.5 | 13.4 | 10.2 |
| Owners' profit | 46 | 46 | 40 | 54 | 51 |
| EPS, as reported (₹) | 4.85 | 4.87 | 4.25 | 5.70 | 5.40 |
| ROE % · ROCE % | 6.8 · 9.1 | 6.5 · 9.1 | 5.4 · 8.8 | 6.8 · 11.0 | 6.1 · 9.8 |
| Debt / equity (x) | 0.19 | 0.13 | 0.14 | 0.12 | 0.05 |
| Cash from operations | 88 | 103 | 131 | 143 | 120 |
| Capex | (56) | (62) | (65) | (54) | (78) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 225 | 195 | 190 | 195 | 198 | 179 | 201 | 188 |
| Profit before tax | 20 | (5) | 53 | 27 | 18 | 11 | 22 | 13 |
| Net profit | 8 | (6) | 40 | 19 | 13 | 9 | 10 | 8 |
| EPS (₹) | 0.89 | (0.67) | 4.26 | 1.98 | 1.39 | 0.97 | 1.06 | 0.89 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,69,176 | 38.6 | 3.87 | 15.1 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,39,756 | 59.1 | 9.41 | 34.3 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 83,937 | 118.9 | 8.78 | 30.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 63,520 | 52.8 | 8.75 | 29.1 | 17.7 | 15.7 | 25.3 | 10.4 |
| SCHAEFFLER INDIA LIMITED | 56,735 | 45.3 | 9.23 | — | 10.4 | 14.1 | — | 19.4 |
| SONA BLW PRECISION FRGS L | 54,705 | 78.5 | 8.92 | 47.5 | 10.3 | 12.9 | — | 25.1 |
| TUBE INVEST OF INDIA LTD | 41,237 | 67.9 | 2.90 | 15.9 | 7.9 | 12.4 | 30.3 | 10.6 |
| ENDURANCE TECHNO. LTD. | 32,484 | 33.5 | 4.75 | 15.9 | 13.9 | 15.6 | 17.4 | 13.2 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 23.2 | 25.3 | 54 of 119 | 55% |
| P/B | 1.1 | 3.2 | 18 of 117 | 85% |
| ROCE | 9.0 | 12.6 | 82 of 125 | 35% |
| ROE | 6.1 | 11.7 | 88 of 117 | 25% |
| Debt / Equity | 0.1 | 0.3 | 30 of 117 | 75% |
| EBITDA margin | 12.9 | 12.2 | 54 of 118 | 55% |
| Revenue growth | (3.6) | 20.2 | 106 of 113 | 6% |
| Profit growth | (55.1) | 24.4 | 102 of 115 | 11% |
| Market cap | 950 | 1460 | 72 of 126 | 43% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · Compliance certificate for share demat activity for Q2 FY26 | compliance | minimal | — | — |
| 8 Oct 2026 · Credit rating reaffirmed on bank facilities worth Rs 87 crore | credit debt | medium | — | — |
| 28 Sept 2026 · Trading window closed Oct 1 till 48 hours after Q2 FY27 results | compliance | minimal | — | — |
| 31 Aug 2026 · PCL Q1 FY27 Earnings: Standalone Profit Up 12%, Cautious on EMOSS Europe | investor communications | medium | — | — |
| 28 Aug 2026 · PCL uploads Q1 FY27 earnings call audio recording to website | investor communications | low | — | — |
| 26 Aug 2026 · Precision Camshafts files Q1 FY27 investor presentation ahead of earnings call | investor communications | medium | — | — |
| 25 Aug 2026 · Precision Camshafts Q1 FY27 earnings call on August 28, 2026 | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Newspaper ad of Q1 FY27 results published as per SEBI rules | compliance | minimal | — | — |
| 11 Aug 2026 · Q1 FY27: Standalone revenue up 17% YoY but profits fall sharply on higher costs | results | high | — | — |
| 11 Aug 2026 · Precision Camshafts Q1 FY27 results: revenue up, profit down | results | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.