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Precision Camshafts Limited (PRECAM)

₹112.83 +1.20% last close, 16 Oct

📊 NSE: PRECAM 🏢 Auto Ancillaries 📢 Latest filing: 08 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Precision Camshafts' revenue was ₹188 Cr (-3.6% year on year, -6.5% on the previous quarter), and net profit ₹8.4 Cr (-55.1% year on year); the operating margin was 3.8%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹188	-3.6%	-6.5%
Operating profit	₹7.2	-50.4%	-72.2%
Net profit	₹8.4	-55.1%	-15.5%
EPS (₹)	0.89	-55.1%	-16.0%
Operating margin	3.8%	—	—

Full quarterly financials → Results calendar →

PRECAM delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 49.42% of the PRECAM shares traded on NSE were taken to delivery, against the stock's own 20-session average of 48.67%. That is close to its usual level. Turnover was only ₹72 lakh, so a handful of trades can move this figure. Volume was 0.4 times its average, well below normal.

49.42%Delivery, 16 Oct

48.67%Own 20-session average

0.4×Volume vs its average

₹112.83NSE close · +1.20%

Delivery in the last 5 sessions: 43.3% · 45.2% · 53.6% · 47.5% · 49.4%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

CARE Reaffirms Credit Rating for Precision Camshafts Across ₹87.00 Cr Bank Facilities

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 08 Oct 2026, 05:01 PM

Precision Camshafts Limited announced that CARE Ratings has reaffirmed its ratings for ₹87.00 crore in bank facilities. The rating agency maintained 'CARE A; Stable' for long-term facilities (₹2.05 crore) and 'CARE A1' for short-term facilities (₹74.95 crore). A combined long-term/short-term facility of ₹10.00 crore was also reaffirmed at 'CARE A; Stable / CARE A1'. The company holds a low debt profile of ₹42 crore against a net worth of ₹887 crore, reflecting financial stability.

CARE Ratings reaffirmed ratings for total bank facilities amounting to ₹87.00 crore
Long-term bank facilities of ₹2.05 crore reaffirmed at CARE A; Stable
Short-term bank facilities of ₹74.95 crore reaffirmed at CARE A1
Long-term / Short-term facilities of ₹10.00 crore reaffirmed at CARE A; Stable / CARE A1

💡 Monitor upcoming quarterly earnings and margin performance as the company ramps up new OEM programs with Maruti Suzuki and Mahindra.

Precision Camshafts Q1 Call: Rs 1,500 Cr 4-5 Yr Order Book; European EV Arm EMOSS Slows

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 31 Aug 2026, 11:29 AM

Precision Camshafts released the transcript of its Q1 FY27 earnings call, highlighting steady standalone operations but persistent headwinds in Europe. Standalone total income grew 6.6% QoQ to Rs 173 Cr with net profit of Rs 14.88 Cr (9% PAT margin), supported by new program commercialization for Maruti Suzuki, Tata Motors, and M&M. Management reiterated a cumulative order book of approximately Rs 1,500 Cr spread over 4 to 5 years (representing ~205% of TTM revenue of Rs 730 Cr). However, Dutch e-mobility arm EMOSS saw revenue fall to Rs 13.8 Cr from Rs 29 Cr in the previous quarter, leading management to adopt a cautious stance and tighter capital allocation.

Cumulative order book stands at approximately INR 1,500 Cr spread over 4 to 5 years across new and existing OEM platforms
Standalone total income rose 6.6% QoQ to INR 173 Cr, delivering a PAT of INR 14.88 Cr (up 12.5% QoQ) with a 13% EBITDA margin
Consolidated revenue stood at INR 200.8 Cr with an EBITDA margin of ~10% and PAT margin of 4.2%
European e-mobility subsidiary EMOSS reported Q1 revenue of INR 13.8 Cr, more than halving from INR 29 Cr in the previous quarter

💡 Track execution and volume ramp-up across new Maruti and M&M supply contracts in India, alongside any capital drag or restructuring updates from European subsidiary EMOSS.

Precision Camshafts Uploads Audio Recording for Q1 FY27 Earnings Call

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 28 Aug 2026, 05:26 PM

Precision Camshafts Limited has uploaded the audio recording of its Q1 FY27 earnings call held on August 28, 2026 at 12:00 PM. The conference call reviewed the financial performance for the quarter ended June 30, 2026. This filing is a standard compliance submission under Regulation 30 and Regulation 46(2)(o) of SEBI LODR Regulations.

Audio recording uploaded for the Q1 FY27 earnings call held on August 28, 2026 at 12:00 PM
Pertains to financial performance review for the quarter ended June 30, 2026
Complies with SEBI requirement to upload earnings call recordings within 24 hours

💡 Investors can listen to the earnings call recording on the company's website for management commentary on OEM order pipelines and margin recovery.

Precision Camshafts Releases Q1 FY27 Investor Presentation; Concall Set for Aug 28

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 26 Aug 2026, 01:03 PM

Precision Camshafts Limited submitted its investor presentation for Q1 FY26-27 and announced an earnings conference call scheduled for August 28, 2026. Standalone total income for Q1 FY27 stood at Rs 173.26 Cr with a PAT margin of 8.59%, compared to Rs 162.52 Cr and 8.14% PAT margin in Q4 FY26. Among subsidiaries, Memco Engineering reported income of Rs 14.09 Cr with positive EBITDA of Rs 1.06 Cr, while EMOSS reported income of Rs 13.86 Cr with an EBITDA loss of Rs -4.57 Cr. The volume mix remained steady at 70% camshaft castings and 30% machined camshafts.

Standalone total income reached Rs 173.26 Cr in Q1 FY27 vs Rs 162.52 Cr in Q4 FY26
Standalone PAT margin was 8.59% for Q1 FY27 compared to 8.14% in Q4 FY26 and 15.62% in Q1 FY26
Dutch subsidiary EMOSS posted an EBITDA loss of Rs -4.57 Cr on Rs 13.86 Cr income
Memco Engineering recorded Rs 14.09 Cr income with EBITDA of Rs 1.06 Cr
Volume contribution maintained at 70% Camshaft Castings and 30% Machined Camshafts

💡 Track management commentary in the August 28 earnings call regarding the turnaround timeline for EMOSS and ramp-up updates on new Maruti Suzuki/M&M contracts.

Precision Camshafts schedules Q1 FY27 earnings call for August 28, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Aug 2026, 10:01 AM

Precision Camshafts Limited has scheduled its Q1 FY27 earnings conference call for Friday, August 28, 2026, at 12:00 Noon IST. The call will be hosted to discuss the operational and financial performance for Q1 FY26-27. Mr. Karan Y. Shah, Whole-time Director - Business Development, will represent the company on the call. This is a routine compliance filing pursuant to SEBI listing regulations.

Earnings call scheduled for Friday, August 28, 2026, at 12:00 Noon (IST)
Call will review operational and financial performance for Q1 FY26-27
Key participant: Mr. Karan Y. Shah, Whole-time Director - Business Development

💡 Track the upcoming conference call for management commentary on OEM contracts with Maruti Suzuki and Mahindra, as well as operational updates on the EMOSS EV division.

Rs 160.5 Cr Revenue in Q1 FY27; Standalone PAT down 42% YoY on lower Other Income

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 11 Aug 2026, 04:19 PM

Precision Camshafts reported a 17.4% YoY increase in standalone revenue to Rs 160.5 Cr for Q1 FY27, up from Rs 136.7 Cr. However, standalone PAT declined 42% YoY to Rs 14.88 Cr, primarily due to a significant 53% drop in Other Income, which fell from Rs 27.35 Cr to Rs 12.79 Cr. The quarter's performance was aided by an exceptional gain of Rs 3.97 Cr received as customer compensation. The company continues to manage the liquidation of its German subsidiary, MFT, which was de-consolidated in the previous fiscal year to stem losses.

Standalone Revenue from operations grew 17.4% YoY to Rs 160.47 Cr.
Standalone PAT stood at Rs 14.88 Cr, a 42% decline from Rs 25.63 Cr in Q1 FY26.
Other Income decreased by Rs 14.56 Cr compared to the same quarter last year.
Exceptional gain of Rs 3.97 Cr recorded from customer compensation in Q1 FY27.
Raw material costs increased 34% YoY to Rs 54.10 Cr, indicating margin pressure.

💡 Monitor the execution of new 5-6 year contracts with Maruti Suzuki and Mahindra & Mahindra starting in CY26, and the progress of the Electric Heavy Commercial Vehicle (HCV) deliveries expected in FY26.

₹1 Dividend Approved; Shareholders Clear Executive Pay Above Limits at 34th AGM

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 30 Jul 2026, 09:01 PM

Precision Camshafts Limited (PRECAM) shareholders have approved all eight resolutions at the 34th Annual General Meeting held on July 30, 2026. Key approvals include a final dividend of ₹1 per share for FY26 and a special resolution for executive remuneration exceeding statutory limits for FY25-26. Shareholders also authorized management pay for FY26-27 even in the event of inadequate profits, reflecting a cautious outlook as the company navigates its transition toward electric vehicles and exits its loss-making German subsidiary.

Final dividend of ₹1 per equity share (10% of face value) approved for the financial year ended March 31, 2026.
Special resolution passed to approve executive remuneration paid in excess of Section 197 limits for FY 2025-26.
Approval granted for remuneration to the Chairman, CFO, and Whole-Time Director for FY 2026-27 in case of profit inadequacy.
Total of 62,344 shareholders were on record as of the July 23, 2026 cut-off date.
Resolution 5 regarding excess executive pay received 99.87% votes in favor from participating shareholders.

💡 Investors should monitor the ramp-up of new OEM contracts with Maruti and Mahindra starting in 2026 and the stabilization of margins following the liquidation of the German subsidiary MFT GmbH.

₹1 Dividend Approved at Precision Camshafts 34th AGM; Executive Pay Structures Ratified

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 30 Jul 2026, 05:31 PM

Precision Camshafts Limited concluded its 34th Annual General Meeting on July 30, 2026, with shareholders approving all eight resolutions. Key outcomes include the declaration of a ₹1 per equity share dividend for FY26 and the approval of executive remuneration for FY27 even in scenarios of inadequate profits. The company is currently navigating a transition period, having recently liquidated its German subsidiary MFT GmbH and focusing on new OEM contracts with Maruti and Mahindra starting in 2026.

Approved a final dividend of ₹1 per equity share for the financial year ended March 31, 2026.
Passed special resolutions to approve executive remuneration for the CMD and WTDs in the event of inadequate profits for FY27.
Ratified the remuneration paid to Executive Directors in excess of statutory limits for FY26.
The meeting was attended by 45 members and representatives via video conferencing.
Re-appointed Mr. Karan Y. Shah as a Director following his retirement by rotation.

💡 Watch for the commencement of new 5-6 year contracts with Maruti Suzuki and Mahindra & Mahindra in CY26, which are vital to offset the core ICE business decline.

Re. 1/- Final Dividend: Precision Camshafts Sets July 23, 2026 as Record Date

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 16 Jul 2026, 12:14 PM

Precision Camshafts Limited has finalized July 23, 2026, as the record date for its final dividend of Re. 1 per equity share for FY 2025-26. This dividend represents a 10% payout on the face value of Rs. 10 and follows the board's recommendation on May 22, 2026. At the current market price of Rs. 143.8, the dividend yield stands at approximately 0.7%. The payment is subject to shareholder approval at the upcoming Annual General Meeting and will be processed within 30 days of declaration.

Final dividend of Re. 1/- per equity share of face value Rs. 10/-
Record date for determining eligibility is fixed as July 23, 2026
Dividend yield is approximately 0.7% based on the current price of Rs. 143.8
Payment to be completed within 30 days from the date of declaration at the AGM

💡 Investors interested in the dividend must hold the shares before the ex-dividend date (typically one working day prior to the record date). Monitor the AGM date for the formal declaration of the payout.

Precision Camshafts Reports Zero Demat Requests for Quarter Ended June 30, 2026

🟡 NEUTRAL ⭐ 1/10

REGULATORY 📅 16 Jul 2026, 09:44 AM

Precision Camshafts Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent, MUFG Intime India Pvt Ltd, confirmed that no securities were received for dematerialization during the quarter ended June 30, 2026. This is a routine administrative filing confirming the status of physical-to-electronic share conversions. There is no impact on the company's financial position or business operations.

Reporting period concluded on June 30, 2026
Zero (0) securities were received for dematerialization during the quarter
Compliance certificate issued by MUFG Intime India Private Limited on July 6, 2026
Filing submitted to exchanges on July 15, 2026, in accordance with SEBI regulations

💡 No action is required as this is a standard procedural filing. Investors should monitor upcoming quarterly earnings for insights into operational performance.

35% Export Contribution Highlighted in Precision Camshafts FY26 Sustainability Report

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Jul 2026, 09:53 PM

Precision Camshafts Limited (PCL) has released its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, confirming that 100% of its revenue continues to be derived from automotive parts manufacturing. Exports remain a significant part of the business, contributing 35% to the total turnover across 17 international countries. The company reported a high permanent employee turnover rate of 29.45%, which management attributes to workforce rationalization and career progression. Governance metrics show strong gender diversity at the board level with 44% female representation.

Exports contributed 35% to the total turnover for the financial year 2025-26.
The company maintains a global presence serving 17 countries and 29 Indian states.
Women constitute 44% of the Board of Directors, with 4 out of 9 members being female.
Permanent employee turnover rate was reported at 29.45% for FY 2025-26.
The company operates with a permanent workforce of 713 employees and 470 workers.

💡 Investors should focus on the company's upcoming execution of new contracts with Maruti and Mahindra in 2026 and the progress of its electric HCV development to offset ICE-related risks.

₹1 Dividend Proposed; AGM Scheduled for July 30, 2026, to Ratify Executive Pay

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 08 Jul 2026, 08:31 PM

Precision Camshafts (PRECAM) has scheduled its 34th Annual General Meeting for July 30, 2026, to approve a final dividend of ₹1 per share for FY26. A significant agenda item includes the ratification of executive remuneration paid in FY26 which exceeded statutory limits due to inadequate profits, largely following a ₹49.7 Cr impairment in Q2 FY26. The company is also seeking shareholder approval for executive pay in FY27 in case profits remain insufficient. Management indicates a recovery timeline of 12-18 months, supported by new OEM contracts starting in CY26.

Proposed final dividend of ₹1 per equity share (10% of face value) for FY26.
Special resolution to ratify executive remuneration exceeding Section 197 limits for FY25-26.
One-time impairment of ₹49.7 Cr in Q2 FY26 cited as a reason for profit inadequacy.
Management expects gradual improvement in profitability over the next 12 to 18 months.
Deadline for submitting tax-related dividend documents is July 23, 2026.

💡 Investors should monitor the voting outcomes of the special resolutions regarding executive pay and track the progress of new contracts with Maruti and Mahindra starting in 2026.

Precision Camshafts to Close Trading Window from July 1, 2026, for Q1 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Jun 2026, 03:07 PM

Precision Camshafts Limited (PRECAM) has announced the closure of its trading window for all designated persons starting July 1, 2026. This routine regulatory measure is in preparation for the declaration of financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are made public. The company has also implemented PAN-level freezing for designated persons through NSDL to ensure compliance with SEBI insider trading regulations.

Trading window closure starts on July 1, 2026, for the quarter ending June 30, 2026.
Restriction applies to Directors, Promoters, Designated Persons, and their immediate relatives.
The window will reopen 48 hours after the announcement of the quarterly financial results.
PAN-level freezing has been initiated through NSDL as per SEBI's framework for restricting insider trading.

💡 This is a standard regulatory procedure and requires no immediate action from retail investors. Monitor the company's upcoming earnings announcement for actual performance data.

Precision Camshafts Q4 Profit Jumps 38% to ₹13.2 Cr; Secures ₹1,500 Cr Lifetime Order Book

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 24 Jun 2026, 12:42 PM

Precision Camshafts Limited (PCL) reported a strong Q4 FY26 with net profit rising 38% QoQ to ₹13.2 crores, despite a full-year impact from a ₹48.8 crore impairment charge related to its German subsidiary. The company has secured a massive ₹1,500 crore lifetime order book from major OEMs like Maruti Suzuki and Hyundai, providing long-term revenue visibility. PCL is investing ₹100-120 crores in capex over the next three years, which is expected to generate 1.5x-2x incremental revenue. Additionally, a 29 MW solar project is now operational, expected to save ₹24 crores in annual energy costs.

Q4 FY26 net profit grew 38% QoQ to ₹13.2 crores with consolidated revenue at ₹205 crores.
Secured new business awards with a cumulative lifetime revenue of approximately ₹1,500 crores from leading global OEMs.
Planned capex of ₹100-120 crores over 3 years for foundry and machine shop expansion with 2x revenue potential.
Commissioned 29 MW solar power project expected to generate annual cost savings of ₹24 crores.
First electric Heavy Commercial Vehicle (e-HCV) delivered to a customer, with commercial scale-up planned for April 2027.

💡 Investors should view the stock positively given the strong order book visibility and significant cost-saving measures through renewable energy. Monitor the timely commencement of the Solapur facility in Q1 FY27 and the successful homologation of the e-HCV platform.

Precision Camshafts Releases Audio Recording of Q4 FY26 Earnings Call

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 22 Jun 2026, 04:14 PM

Precision Camshafts Limited has uploaded the audio recording of its earnings conference call for the quarter ended March 31, 2026 (Q4 FY26). The call was conducted on June 22, 2026, to discuss the company's financial results and operational performance. This disclosure follows SEBI (LODR) Regulations, 2015, ensuring transparency for shareholders who could not attend the live session. The recording is accessible via the company's official website.

Audio recording for the Q4 FY26 earnings call is now available for public review.
The earnings call was held on Monday, June 22, 2026.
Compliance filing made under Regulation 30 and 46 of SEBI (LODR) Regulations, 2015.
The recording link is hosted on the company's investor relations portal at pclindia.in.

💡 Investors should listen to the recording to gain insights into management's outlook for FY27 and specific commentary on margin pressures or demand trends. This is a routine but essential step for fundamental analysis.

View All PRECAM Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated revenue declined 15.55% YoY to INR 894.93 Cr in FY25 from INR 1,059.76 Cr in FY24. In Q2 FY26, standalone revenue was INR 149.48 Cr, MEMCO contributed INR 14.37 Cr, MFT contributed INR 28.32 Cr (pre-insolvency), and EMOSS contributed INR 22.13 Cr.

Geographic Revenue Split

The company derives a significant portion of its revenues from international markets, ranging between 52% and 60% of total turnover, exposing it to global demand cycles and currency volatility.

Profitability Margins

Consolidated PAT margin improved to 6.21% in FY25 from 3.89% in FY24, primarily due to a one-time compensation of INR 38.92 Cr from customers; excluding this, the PAT margin was 2.20%. Q2 FY26 consolidated PAT margin stood at 6.33%.

EBITDA Margin

Consolidated EBITDA margin was 10.7% in Q2 FY26. On an annual basis, the PBILDT margin moderated to 10.12% in FY25 from 10.43% in FY24 due to lower export sales and sub-optimal capacity utilization.

Capital Expenditure

The company has planned a fresh investment of INR 100 Cr specifically for new programs with Maruti Suzuki and Mahindra & Mahindra, with SOP expected in calendar year 2026.

Credit Rating & Borrowing

CARE Ratings monitors the company with a focus on debt protection metrics; interest coverage ratio (ICR) was 13.76x in FY24. Total debt to gross cash accruals (TD/GCA) stood at 0.91x in FY24.

⚙️ Operational Drivers

Raw Materials

Input materials for camshaft manufacturing (castings and machined components) where price fluctuations are managed through pass-through mechanisms.

Import Sources

Not specifically disclosed in available documents, though the company operates manufacturing units in India and had subsidiaries in Germany (MFT) and Netherlands (EMOSS).

Capacity Expansion

Current volume split is 70% Camshaft Castings and 30% Machined Camshafts. Expansion is focused on new OEM programs for Maruti and Mahindra starting in 2026.

Raw Material Costs

Raw material price volatility is mitigated by a price pass-through mechanism with a lag of 3 to 6 months depending on the customer contract.

Manufacturing Efficiency

Efficiency was impacted in FY25 by sub-optimal utilization of capacities and lower fixed-cost absorption due to declining export sales.

📈 Strategic Growth

Growth Strategy

Growth is targeted through new 5-6 year contracts with Maruti Suzuki and Mahindra & Mahindra starting in CY26, and the development of electric heavy commercial vehicles (HCV) with first deliveries expected in FY26.

Products & Services

Cast Camshafts, Machined Camshafts, and Electric Vehicle conversion kits/electric HCVs.

Brand Portfolio

Precision Camshafts (PCL), MEMCO, EMOSS.

New Products/Services

Electric Heavy Commercial Vehicles (HCV) development is ongoing; the company has slowed its Tata Ace conversion business due to regulatory changes.

Market Expansion

Focusing on the Indian domestic market through new OEM programs while stabilizing the Netherlands-based EMOSS subsidiary.

Strategic Alliances

Partnerships with major OEMs like Maruti Suzuki and Mahindra & Mahindra for long-term engine-life contracts (5-6 years).

🌍 External Factors

Industry Trends

The industry is shifting toward EVs; while PCL is diversifying into e-mobility, the majority of its revenue still comes from ICE parts, creating a transition risk.

Competitive Landscape

Competes in the global auto-component space, specifically in the camshaft segment for passenger vehicles.

Competitive Moat

Moat is based on its established market position in camshaft manufacturing and long-standing relationships with global OEMs, though this is challenged by the EV transition.

Macro Economic Sensitivity

Highly sensitive to the global automotive cycle and the pace of EV adoption which threatens traditional ICE component demand.

Consumer Behavior

Shift toward electric mobility is reducing long-term demand for traditional engine components like camshafts.

Geopolitical Risks

Exposure to European markets through subsidiaries and export sales makes the company vulnerable to regional economic slowdowns and regulatory shifts in the EU.

⚖️ Regulatory & Governance

Industry Regulations

Subject to changing automotive emission norms and EV subsidies. The Tata Ace conversion business was specifically slowed due to changes in Indian regulations.

Environmental Compliance

The company is replacing fossil fuels with renewable solar energy and installed a solar plant in FY24.

Taxation Policy Impact

Total tax expense for FY25 was INR 2,915.72 Lakhs (Standalone) and INR 2,902.85 Lakhs (Consolidated).

Legal Contingencies

The Ministry of Corporate Affairs (MoCA) has initiated an investigation under Section 210 of the Companies Act, 2013. The company is currently collating documents; no adverse orders have been passed yet.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the outcome of the MoCA Section 210 investigation and the successful ramp-up of the e-mobility business to offset ICE declines.