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PRECAM - Precision Camshf

📊 NSE: PRECAM 🏢 Auto Ancillaries 📅 Last Updated: 12/14/2025 11:13

📢 Recent Corporate Announcements

Precision Camshafts Q3 FY26: PAT at ₹9.58 Cr; Secures ₹1,500 Cr New Order Pipeline

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 09 Mar 2026, 12:24 PM

Precision Camshafts (PCL) reported a significant turnaround in Q3 FY26 with a net profit of ₹9.58 crore, recovering from a ₹42 crore loss in the previous quarter. The company has secured a massive new order book with a cumulative lifetime value of ₹1,500 crore from major OEMs including Maruti Suzuki, Hyundai, and Mahindra, providing revenue visibility until 2032. To support these orders, PCL is investing ₹120 crore in a new Solapur facility and has expanded its solar power capacity to 29MW to reduce operational costs. While the EV conversion business for small commercials has slowed due to regulatory shifts, the company is pivoting towards heavy commercial vehicle electrification.

Reported Q3 FY26 PAT of ₹9.58 Cr vs ₹42 Cr loss in Q2; Standalone EBITDA margin at 14%.
Secured new business worth ₹1,500 Cr lifetime value from Maruti, Hyundai, Mahindra, and Tata Motors.
Investing ₹120 Cr in a new Solapur manufacturing facility with machinery installation ending in 2026.
Commissioned 14MW solar plant, taking total capacity to 29MW to reduce operational power costs.
Order book includes 1.24 million units/year for Maruti Suzuki and 0.6 million units/year for Mahindra.

💡 Investors should focus on the execution of the ₹1,500 crore order book and the timely commissioning of the Solapur plant as key growth drivers. The stock remains a positive watch due to the strong recovery in profitability and long-term revenue visibility from top-tier OEMs.

Precision Camshafts Q3 FY26: Net Profit at ₹9.58 Cr; Secures ₹1,500 Cr New Order Pipeline

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 09 Mar 2026, 11:38 AM

Precision Camshafts reported a turnaround with a Q3 FY26 net profit of ₹9.58 crore, recovering from a significant loss in the previous quarter. The company has secured a massive new order pipeline worth approximately ₹1,500 crore from major OEMs like Maruti Suzuki, Hyundai, and Mahindra, providing revenue visibility until 2032. To support this growth, PCL is investing ₹120 crore in a new Solapur facility and has expanded its solar capacity to 29 MW to reduce costs. While the EV conversion business for Tata Ace has slowed due to regulatory hurdles, the company is pivoting towards electric heavy commercial vehicles.

Reported Q3 FY26 net profit of ₹9.58 crore compared to a ₹42 crore loss in the preceding quarter.
Secured new business worth ₹1,500 crore over program lifetimes, including a 12.4 lakh units/year order from Maruti Suzuki.
Investing ₹120 crore in a state-of-the-art manufacturing facility in Solapur to enhance production capacity.
Standalone EBITDA margins remained healthy at 14% on a revenue of ₹153 crore.
Commissioned 14 MW additional solar power, bringing total capacity to 29 MW for cost optimization.

💡 Investors should focus on the execution of the ₹1,500 crore order book and the ramp-up of the Solapur facility starting FY27. The pivot away from low-margin EV conversions toward HCVs and core ICE components suggests a more disciplined capital allocation strategy.

Precision Camshafts Q3 FY26: Standalone PAT Jumps to ₹6.27 Cr; Consolidated Revenue Dips 3.6% YoY

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 05 Mar 2026, 11:50 AM

Precision Camshafts reported a mixed performance for Q3 FY26, with standalone operations showing resilience while consolidated figures were dragged down. Standalone PAT rose significantly to ₹6.27 crore from ₹3.74 crore YoY, supported by a 6.5% growth in standalone income. However, consolidated total income fell 3.6% YoY to ₹188.48 crore, and consolidated PAT declined to ₹4.89 crore. The company also confirmed that MFT is no longer part of the group due to insolvency, which has impacted the consolidated financial structure.

Standalone PAT grew to ₹6.27 crore in Q3 FY26 compared to ₹3.74 crore in Q3 FY25.
Consolidated total income decreased to ₹188.48 crore from ₹195.50 crore in the previous year's quarter.
Total camshaft volumes increased to 2.23 million units in Q3 FY26 from 2.09 million in Q2 FY26.
EMOSS (Electric drivelines) contributed ₹23.96 crore to income but only ₹1.06 crore to EBITDA.
MFT subsidiary has been excluded from the group following insolvency proceedings.

💡 Investors should monitor the core standalone business which remains profitable, while watching for a turnaround in the EMOSS electric vehicle segment. The exit from the insolvent MFT unit is a long-term positive for balance sheet health despite short-term consolidated revenue pressure.

Precision Camshafts Q3 Standalone PAT Jumps 78% to ₹9.58 Cr; German Subsidiary Liquidation Impacts 9M

🔵 WATCH ⭐ 8/10

EARNINGS 📅 02 Mar 2026, 02:59 PM

Precision Camshafts reported a strong standalone performance for Q3 FY26, with Net Profit rising 78.7% YoY to ₹9.58 crore despite flat revenue of ₹142.9 crore. However, the nine-month (9M) consolidated picture is marred by a significant loss of ₹7.44 crore due to exceptional items totaling ₹51.5 crore. These charges primarily relate to the total impairment of investments and loans in its German subsidiary, MFT Motoren, which has entered insolvency. While the core standalone business shows resilience and improved margins, the write-off of the German unit is a major one-time hit to the balance sheet.

Standalone Q3 Net Profit increased by 78.7% YoY to ₹9.58 crore from ₹5.36 crore.
Standalone Revenue for Q3 remained nearly flat at ₹142.9 crore compared to ₹143.1 crore YoY.
Recognized a total impairment of ₹57.75 crore related to the insolvency and liquidation of German subsidiary MFT Motoren.
Exceptional items for 9M FY26 totaled a net loss of ₹51.53 crore, leading to a 9M net loss of ₹7.44 crore.
Other income for Q3 rose significantly to ₹9.82 crore from ₹0.32 crore in the previous year's quarter.

💡 Investors should monitor the standalone business's margin sustainability as the company moves past the German subsidiary's liquidation. While the one-time write-off is heavy, the removal of a loss-making international unit may improve long-term consolidated profitability.

Precision Camshafts to Discuss Q3 FY26 Results in Earnings Call on March 06, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 02 Mar 2026, 12:46 PM

Precision Camshafts Limited (PRECAM) has scheduled its Q3 FY26 earnings conference call for Friday, March 06, 2026, at 2:30 PM IST. The session will feature Mr. Karan Y. Shah, Whole-time Director, discussing the company's operational and financial performance for the quarter. This routine interaction allows the investment community to seek clarifications on the financial results and future guidance. The call includes international toll-free access for investors across various global regions including the USA, UK, and Singapore.

Earnings call date: March 06, 2026, at 2:30 PM IST
Agenda: Discussion of Q3 FY25-26 financial and operational performance
Key Participant: Mr. Karan Y. Shah, Whole-time Director - Business Development
Access: Universal dial-in numbers +91 22 6280 1489 / +91 22 7115 8859

💡 Investors should monitor the call for updates on export demand and the company's progress in non-camshaft business segments.

Precision Camshafts Approves Q3 FY26 Standalone and Consolidated Financial Results

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 11 Feb 2026, 04:31 PM

Precision Camshafts Limited (PRECAM) has officially approved its unaudited financial results for the quarter and nine-month period ended December 31, 2025. The Board of Directors met on February 11, 2026, to review both standalone and consolidated performance. While the specific financial figures were not detailed in the cover letter, the statutory auditors have completed their Limited Review. This announcement marks the completion of the company's regulatory reporting for the third quarter of the 2025-26 fiscal year.

Board approved unaudited standalone and consolidated financial results for the period ended December 31, 2025.
The board meeting commenced at 12:30 PM and concluded at 03:45 PM on February 11, 2026.
Statutory auditors have issued a Limited Review Report for the nine-month period.
Compliance maintained under Regulation 30 and 33 of SEBI (LODR) Regulations, 2015.

💡 Investors should examine the detailed financial annexures to evaluate revenue growth and margin trends compared to previous quarters. Particular attention should be paid to the consolidated performance to assess the health of global operations.

Precision Camshafts Approves Q3 FY26 Unaudited Standalone and Consolidated Financial Results

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 11 Feb 2026, 04:26 PM

Precision Camshafts Limited (PRECAM) held its board meeting on February 11, 2026, to approve the unaudited financial results for the quarter and nine months ended December 31, 2025. The board reviewed both standalone and consolidated performance, accompanied by a Limited Review Report from the statutory auditors. While the specific financial figures were not detailed in the primary notification, the approval signifies the completion of the mandatory Q3 reporting cycle. Investors should now examine the detailed financial tables for specific revenue and margin trends.

Board approved unaudited standalone and consolidated financial statements for the period ended December 31, 2025.
The statutory auditors have issued a Limited Review Report for the quarter and nine-month period.
The board meeting commenced at 12:30 PM and concluded at 3:45 PM on February 11, 2026.
Results have been filed in compliance with Regulation 33 of SEBI Listing Obligations.

💡 Investors should review the detailed financial statements in the attached annexures to assess year-on-year growth and operational efficiency. Monitor the stock for price volatility as the market digests the specific profit and revenue figures.

Precision Camshafts Clarifies Reporting Error in Q2 FY26 Financial Results Filing

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 09 Feb 2026, 01:03 PM

Precision Camshafts Limited (PRECAM) has responded to a clarification sought by the National Stock Exchange regarding its financial results for the quarter ended September 30, 2025. The company acknowledged a clerical error in its initial XBRL filing where the reporting type was incorrectly marked as "Half-yearly" instead of "Quarterly". A revised filing with the correct classification was submitted on January 13, 2026. This correction is purely administrative and does not alter the financial figures previously reported on November 11, 2025.

NSE sought clarification on January 09, 2026, regarding Regulation 33 compliance for Q2 FY26 results.
Company admitted to selecting 'Half-yearly' instead of 'Quarterly' in the initial XBRL submission.
Revised financial statements with the correct 'Quarterly' tag were filed on January 13, 2026.
The original financial results for the period were initially disclosed on November 11, 2025.

💡 No action is required as this is a routine procedural correction of a filing error. Investors should focus on the actual financial performance metrics disclosed in the original November 2025 report.

Precision Camshafts Announces Name Change of Statutory Auditors to M S K A & Associates LLP

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 20 Jan 2026, 03:44 PM

Precision Camshafts Limited has notified the stock exchanges regarding a change in the legal structure of its statutory auditors. The existing auditing firm, M S K A & Associates, has converted from a partnership firm into a Limited Liability Partnership (LLP) effective January 13, 2026. The firm will now operate under the name M S K A & Associates LLP with a new ICAI registration number. This is a standard administrative update and does not involve a change in the actual auditing personnel or firm.

Statutory auditors M S K A & Associates converted to an LLP structure effective January 13, 2026
The entity will now function under the name M S K A & Associates LLP
New ICAI Firm Registration Number (FRN) is 105047W/W101187
The company confirmed the audit firm remains the same in all other respects

💡 No action is required from investors as this is a routine administrative change in the auditor's legal status. It has no impact on the company's financial health or business operations.

Precision Camshafts Reports 100% Dematerialization in Q3 FY26 Share Capital Audit

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 13 Jan 2026, 04:02 PM

Precision Camshafts Limited has submitted its Reconciliation of Share Capital Audit Report for the quarter ended December 31, 2025. The report confirms that the company's total issued and listed capital remains unchanged at 9,49,85,835 equity shares. Notably, 100% of the company's shares are now held in dematerialized form, with zero shares in physical format. There were no pending demat or remat requests during the period, indicating efficient share registry management.

Total issued and listed capital remains constant at 9,49,85,835 equity shares with a face value of ₹10 each.
100% of the share capital is dematerialized, split between NSDL (88.19%) and CDSL (11.81%).
Zero shares are held in physical form as of December 31, 2025.
No demat or remat requests were received, generated, or released during the quarter from October 15 to December 31, 2025.

💡 This is a routine regulatory filing confirming the integrity of the company's share capital records. No action is required as there are no changes to the capital structure or material issues reported.

Precision Camshafts Reports Zero Demat Requests for Quarter Ended Dec 31, 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Jan 2026, 10:31 AM

Precision Camshafts Limited has submitted its quarterly compliance certificate under SEBI Regulations for the period ending December 31, 2025. The company's Registrar, MUFG Intime India Pvt Ltd, confirmed that no securities were received for dematerialization during this timeframe. This is a standard administrative filing required for all listed entities to ensure the integrity of shareholding data. It confirms that there were no pending requests for converting physical shares to electronic form.

Compliance certificate submitted for the quarter ended December 31, 2025.
Registrar MUFG Intime India Pvt Ltd confirmed zero dematerialization requests.
Filing follows Regulation 74(5) of SEBI (Depositories and Participants) Regulations.
Standard procedure to maintain transparency in the company's share registry.

💡 This is a routine regulatory filing with no impact on business operations. No action is required from investors.

Precision Camshafts Clarifies Significant Volume Spurt; No Undisclosed Information

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Dec 2025, 09:56 AM

Precision Camshafts Limited (PRECAM) has responded to a clarification request from the National Stock Exchange regarding a significant increase in trading volume. The company stated that it is in full compliance with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. According to the management, there is no undisclosed price-sensitive information or impending corporate actions that could have triggered this movement. The company attributes the recent volume behavior purely to market conditions and investor activity.

Responded to NSE letter No. NSE/CM/Surveillance/16244 dated December 29, 2025, regarding volume spurt
Confirmed no undisclosed or price-sensitive information is pending for disclosure to the exchanges
Attributed the volume and price behavior entirely to market-driven factors and general conditions
Reaffirmed commitment to prompt disclosure of all material events under SEBI LODR regulations

💡 As the company has denied any internal developments, investors should avoid speculative trading based on volume spikes alone. Monitor the stock for fundamental changes or upcoming quarterly performance to justify price movements.

Precision Camshafts Announces Trading Window Closure from January 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Dec 2025, 10:35 AM

Precision Camshafts Limited has announced the closure of its trading window for all designated persons and their relatives starting January 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming financial results for the quarter ending December 31, 2025. The window will remain closed until 48 hours after the official declaration of these results. The company has also coordinated with NSDL to freeze PANs of designated persons at the security level during this period to ensure strict compliance.

Trading window closure begins on January 1, 2026, for the quarter ending December 31, 2025
Restriction applies to Directors, Promoters, Designated Persons, and their immediate relatives
Trading window will reopen 48 hours after the financial results are officially declared
Company has implemented PAN freezing at the security level via NSDL as per SEBI framework
Compliance follows SEBI (Prohibition of Insider Trading) Regulations, 2015 and relevant exchange circulars

💡 This is a routine regulatory announcement with no direct impact on stock fundamentals. Investors should wait for the upcoming Q3 FY26 financial results to assess the company's performance.

Precision Camshafts Commissions 14 MWp Solar Plant, Total Capacity Reaches 29 MWp

🟢 POSITIVE ⭐ 6/10

EXPANSION 📅 19 Dec 2025, 11:19 AM

Precision Camshafts Limited has successfully commissioned a 14 MWp captive solar power plant at its Mangalwedha facility in Solapur. This new installation is an expansion of the existing 15 MWp facility, bringing the company's total aggregate solar capacity to 29 MWp. The project is designed to supply power for captive production activities, which is expected to significantly lower electricity expenses. This move enhances the company's operational efficiency while simultaneously improving its ESG profile by reducing its carbon footprint.

Commissioned a new 14 MWp captive solar power plant at Mangalwedha, Solapur
Increased total aggregate solar capacity from 15 MWp to 29 MWp
Expected to reduce electricity costs for manufacturing and production activities
Supports green energy generation and contributes to a lower corporate carbon footprint

💡 Investors should monitor the impact of reduced power costs on operating margins in the coming quarters. This infrastructure investment strengthens the company's long-term cost competitiveness and ESG standing.

Precision Camshafts Q2 FY'26: Loss of ₹42.65 Cr, MFT GmbH Insolvency

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 05 Dec 2025, 09:32 AM

Precision Camshafts Limited reported a loss of ₹42.65 crores for Q2 FY'26, a stark contrast to the ₹25.6 crores profit in the previous quarter and ₹18.3 crores profit in the corresponding quarter of the previous year. This loss was primarily due to an exceptional item of ₹49.7 crores related to the impairment of investments in its step-down subsidiary, MFT GmbH, which has initiated liquidation. PCL India's stand-alone revenue stood at ₹149 crores with an EBITDA margin of 14%. The company has secured new orders worth approximately ₹1,500 crores, extending its order book up to 2032.

Loss of ₹42.65 crores in Q2 FY'26
Exceptional item of ₹49.7 crores due to MFT GmbH insolvency
Stand-alone revenue of ₹149 crores with 14% EBITDA margin
New orders worth approximately ₹1,500 crores
EMOSS revenue of ₹22 crores in the current quarter

💡 Investors should closely monitor the impact of the MFT GmbH insolvency on future earnings and assess the progress of new order execution. Keep an eye on the performance of the e-mobility business and its contribution to overall revenue.

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.