PRECAM
Precision Camshafts share price & financials
- Price
- ₹152.32
- Market cap
- ₹1.2k Cr
- Calls analysed
- 6
Precision Camshafts Limited Q1 FY27
What went well
- Standalone total income increased by 6.6% quarter-on-quarter to INR173 crores.
- Standalone net profit grew 12.73% to INR14.88 crores from INR13.2 crores in the previous quarter.
- New programs with key Indian PV customers (Mahindra, Tata Motors, Maruti Suzuki) have started production, with volumes expected to ramp up.
What to watch
- EMOSS (European subsidiary) revenue declined to INR13.8 crores from INR29 crores in the previous quarter, with a cautious outlook due to slowdown in the electric commercial vehicle space and reduced program visibility.
- Consolidated business revenue decreased by 2.4% to INR200.8 crores, with PAT margin at 4.2%.
What Precision Camshafts Limited does
Precision Camshafts Limited (PCL) manufactures camshafts and precision-engineered engine components — chilled cast iron, ductile iron, hybrid and assembled variants, plus balancer shafts, fuel-injector parts and instrumentation components — supplying passenger- and commercial-vehicle OEMs from foundries and machine shops in Solapur and Nashik, India. Through subsidiaries MEMCO Engineering (precision-machined components for Tier-1 automotive and non-automotive customers), MFT Motoren und Fahrzeugtechnik (prismatic engine, brake and chassis components, Germany) and EMOSS Mobile Systems (electric drivelines and battery systems for buses and trucks, Netherlands), the group has grown from a single-product camshaft maker into an integrated automotive and electric-mobility solutions provider. PCL also runs an India EV retrofit business that converts diesel light commercial vehicles to electric powertrains under its own retrofit kits.
Segments
- PCL (Camshafts, Balancer Shafts, Injector & Instrumentation Components)
- MEMCO Engineering
- MFT Motoren und Fahrzeugtechnik (Germany)
- EMOSS Mobile Systems (Netherlands)
- Manufacturing/engineering facilities
- 13
- Market position — Indian passenger-vehicle camshaft segment
- Over 70% market share
- Camshaft product variants
- 200+
- OEM customers served
- 30+
- Engineers
- 500+
- Experience in automotive manufacturing
- 30+ years
Guidance record · Q1 FY27
what the last two calls moved 11 tracked 3 delivered 6 missed 2 open- Start of Production (SOP) for Assembled Camshafts delivered said Q4 FY25 Promised: SOP begins by Q3 of financial next financial year [Q3 FY26] Q1 FY27: Several new programs with key customers like Mahindra, Tata Motors, and Maruti Suzuki have commenced production this quarter.
- Heavy Commercial Vehicle (HCV) EV Launch went quiet said Q4 FY25 Promised: on the road by the end of this year, by the end of this calendar year [2025] Q1 FY27: No specific update provided on the e-HCV progress. The focus was on the standalone PV business and challenges in the European EV subsidiary.
- New Business Order Book Value on track said Q2 FY26 Promised: cumulative book of business of nearly INR1,500 crores over the lifetime of these programs Q1 FY27: Reaffirmed cumulative order book of approximately INR1,500 crores, to be spread over four to five years.
All 11 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 16.8%, net profit down 42.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 168 | 143 | 137 | 137 | 140 −17% | 143 +0% | 157 +15% | 160 +17% |
| EBITDA | 27 | 16 | 15 | 17 | 13 −52% | 12 −25% | 20 +33% | 11 −35% |
| Net profit | 18 | 5 | -34 | 26 | -43 −339% | 10 +100% | 13 +138% | 15 −42% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −49.8% 1Y
1Y: ₹232.72 on 10 Sept 2025 → ₹116.81. High ₹232.72 (10 Sept 2025), low ₹105.09 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +0.4%
- 28 Aug
- Q4 FY26
- +2.5%
- 22 Jun
- Q3 FY26
- −3.7%
- 6 Mar
- Q2 FY26
- −0.4%
- 2 Dec
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 18.9% a year over 3 years, FY23 to FY26. Operating margin widened to 10.7%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.1k Cr | ₹674 Cr | ₹612 Cr | ₹577 Cr |
| Operating profit | ₹110 Cr | ₹114 Cr | ₹84 Cr | ₹62 Cr |
| Operating margin | 10.2% | 16.9% | 13.7% | 10.7% |
| Interest | ₹9 Cr | ₹4 Cr | ₹5 Cr | ₹4 Cr |
| Depreciation | ₹75 Cr | ₹40 Cr | ₹40 Cr | ₹32 Cr |
| Net profit | ₹46 Cr | ₹79 Cr | ₹7 Cr | ₹6 Cr |
| Net margin | 4.2% | 11.7% | 1.1% | 1.0% |
| Cash from operations | ₹67 Cr | ₹89 Cr | ₹44 Cr | ₹38 Cr |
| Free cash flow | ₹18 Cr | ₹28 Cr | ₹-2 Cr | ₹-13 Cr |
| ROCE | 10.0% | 12.0% | 8.0% | 7.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹95 Cr | ₹95 Cr | ₹95 Cr | ₹95 Cr | ₹95 Cr | ₹95 Cr |
| Reserves | ₹617 Cr | ₹675 Cr | ₹726 Cr | ₹795 Cr | ₹720 Cr | ₹792 Cr |
| Borrowings | ₹37 Cr | ₹45 Cr | ₹42 Cr | ₹59 Cr | ₹65 Cr | ₹42 Cr |
| Other liabilities | ₹103 Cr | ₹102 Cr | ₹122 Cr | ₹116 Cr | ₹159 Cr | ₹127 Cr |
| Total liabilities | ₹852 Cr | ₹917 Cr | ₹984 Cr | ₹1.1k Cr | ₹1.0k Cr | ₹1.1k Cr |
| Fixed assets | ₹226 Cr | ₹205 Cr | ₹182 Cr | ₹249 Cr | ₹252 Cr | ₹264 Cr |
| Capital work in progress | ₹6 Cr | ₹33 Cr | ₹81 Cr | ₹27 Cr | ₹106 Cr | ₹65 Cr |
| Investments | ₹270 Cr | ₹261 Cr | ₹334 Cr | ₹381 Cr | ₹352 Cr | ₹409 Cr |
| Other assets | ₹351 Cr | ₹418 Cr | ₹388 Cr | ₹408 Cr | ₹330 Cr | ₹318 Cr |
| Total assets | ₹852 Cr | ₹917 Cr | ₹984 Cr | ₹1.1k Cr | ₹1.0k Cr | ₹1.1k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −0.12 pp while FIIs added +0.11 pp. The shareholder count grew 7% to 61,240.
- Promoters
- 65.4%
- FIIs
- 0.3%
- Public
- 34.4%
Since Jun 2025
- Public −0.12 pp
- FIIs +0.11 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 65.4%, FIIs 0.1%, DIIs 0.1%, Public 34.4%.Dec '23: Promoters 65.4%, FIIs 0.1%, DIIs 0.1%, Public 34.4%.Mar '24: Promoters 65.4%, FIIs 0.1%, DIIs 0.1%, Public 34.4%.Jun '24: Promoters 65.4%, FIIs 0.1%, DIIs 0.1%, Public 34.4%.Sep '24: Promoters 65.4%, FIIs 0.1%, DIIs 0.1%, Public 34.4%.Dec '24: Promoters 65.4%, FIIs 0.2%, DIIs 0.0%, Public 34.4%.Mar '25: Promoters 65.4%, FIIs 0.4%, Public 34.2%.Jun '25: Promoters 65.4%, FIIs 0.1%, Public 34.5%.Sep '25: Promoters 65.4%, FIIs 0.2%, DIIs 0.0%, Public 34.4%.Dec '25: Promoters 65.4%, FIIs 0.1%, Public 34.5%.Mar '26: Promoters 65.4%, FIIs 0.1%, DIIs 0.1%, Public 34.4%.Jun '26: Promoters 65.4%, FIIs 0.3%, Public 34.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Jack Veer Sambuco newly disclosed 0.00% held
- Roohi Karan Shah newly disclosed 0.00% held
- Adam Sambuco newly disclosed 0.00% held
- Victoria Alia Sambuco newly disclosed 0.00% held
- Chirag Bharat Davda newly disclosed 0.00% held
- Suhdhanshu Chitale newly disclosed 0.00% held
- Kabir Karan Shah newly disclosed 0.00% held
- Archana Manojkumar newly disclosed 0.00% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Precision Camshafts Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Yatin Subhash Shah | 39.78% | unchanged |
| Cams Technology Limited | 14.22% | unchanged |
| Suhasini Yatin Shah | 11.35% | unchanged |
| Maneesh Jayant Aradhye | 8.42% | unchanged |
| Ajay Upadhyaya | 2.11% | unchanged |
| Rama Maneesh Aradhye | 1.48% | unchanged |
| Jayant Aradhye | 1.17% | unchanged |
| Kedia Securities Private Limited | 1.05% | unchanged |
| Karan Yatin Shah | 0.02% | unchanged |
| Jack Veer Sambuco | 0.00% | newly disclosed |
| Roohi Karan Shah | 0.00% | newly disclosed |
| Adam Sambuco | 0.00% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (6)
Read the Q1 FY27 call →Learn to analyse Precision Camshafts Limited
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