Precision Camshafts Ltd

Meeting Details

• Date and time: Friday, August 28, 2026, 12:00 Noon IST
• Type/mode: Earnings call (group teleconference/virtual)
• Organiser: Precision Camshafts Limited

Participants

• Whole-time Director - Business Development (company representative)

Purpose

• Discuss Operational and Financial performance for Q1 FY26-27

Financial results approved

• Approved unaudited standalone and consolidated results for quarter ended June 30, 2026.
• Approved Statutory Auditor's draft limited review reports for standalone and consolidated results.
• Auditors issued unmodified conclusions on the statements.

Exceptional items and de-consolidation

• De-consolidated MFT Germany; recognized gain of INR 935.04 lakhs.
• Foreign currency translation reserve reclassified from OCI to P&L as an exceptional item.
• Exceptional items include customer compensation and labour-code adjustments; amounts disclosed.
• Incremental employee benefit liabilities under New Labour Codes recognised; amounts disclosed.

Governance and regulatory disclosures

• CODM reviews the Group as a single operating segment; no separate segment information furnished.

Record date and dividend details

• Record date fixed July 23, 2026 for entitlement to final dividend of Rs 1 per equity share.
• Dividend is subject to shareholder approval at the AGM.
• If approved, payment within 30 days from AGM declaration, subject to TDS.

Dematerialisation status

• Registrar confirms no dematerialisation/rematerialisation requests were received during the reporting quarter.

Overview

• Standalone BRSR for FY2025-26; camshaft and precision automotive components manufacturing.
• Two Solapur plants and one Baner office; standalone reporting boundary.
• Exports 35% of turnover; serves 29 Indian states and 17 countries.
• Assurance by TÜV SÜD South Asia with limited assurance.

Key ESG Risks & Opportunities

• Health and safety risks across foundries and EV assembly; mitigated by EHS systems, audits.
• Regulatory compliance risk across jurisdictions; mitigated by tracking, internal audits, and training.
• GHG/climate risks and opportunities; 29 MW solar plant; 44% renewables.
• Labour practices risk; mitigated by welfare programs, compliance, training, grievance redressal.
• Anti-corruption risk; policies and whistleblower mechanism; zero penalties in FY25-26.
• Value chain management risk/opportunity; supplier ESG assessments and diversified supplier base.

Governance & Policy Highlights

• Sustainability oversight led by Whole Time Director; board-approved ESG policies.
• Key policies include anti-bribery, whistleblower, human rights, and Code of Conduct.
• Certifications: ISO 9001; ISO 14001; ISO 45001; IATF 16949.
• External assurance: TÜV SÜD South Asia; limited assurance on selected indicators.
• No penalties or fines in FY2025-26.
• Highest authority for implementation: Whole Time Director, Mr. Karan Y. Shah.

Social Responsibility & Workforce

• Total workforce: 713 permanent employees; 470 permanent workers.
• Board female representation: 44%; KMP female representation: 0.
• 100% health/accident insurance for permanent staff; PF/Gratuity/ESI coverage.
• LTIFR: employees 0.385; workers 0.679; total injuries: 1 each.
• Grievance mechanism: multi-channel, confidential; no retaliation.
• Five value-chain safety awareness programs; 100% coverage of partners.

Environmental Performance

• Total energy: 320,375 GJ; renewables 76,488 GJ; non-renewables 243,888 GJ.
• Renewable energy share: 44%; solar plant commissioned; target 40–50% by 2030.
• Scope 1: 4,705 tCO2e; Scope 2: 33,846 tCO2e; intensity 0.66 tCO2e per Lakh turnover.
• Water withdrawal: 81,988 KL; water intensity: 1.42 per Lakh turnover.
• Zero Liquid Discharge: ETP 2 KLD, WRP; no untreated wastewater.
• Total waste: 15.47 MT; 6.2 MT recycled; 7.406 MT landfilled; 0.14 MT incinerated.

Stakeholder Engagement & Complaints

• Stakeholders engaged: employees, customers, suppliers, investors, regulators, communities.
• Channels include meetings, emails, trainings; engagement ongoing and periodic.
• Customer complaints: 20 filed in FY2025-26; 2 pending.
• Communities: 0 complaints; grievances accessible via company website.

Other Notable Metrics

• MSMEs contribute 45% of inputs by value; 10% from within India.
• Related-party transactions: purchases 0.03%; sales 0.003%; investments 100%.
• R&D 0; capex 0.74 crore to reduce LPG/PNG consumption.
• Data privacy: no data breaches; cybersecurity policy in place.
• BRSR assurance by TÜV SÜD; scope limited to selected indicators.

Financial performance

• Consolidated revenue: ₹821.6 Cr for FY2025-26.
• Consolidated EBITDA: ₹117.18 Cr; PAT: ₹51.25 Cr.
• Standalone revenue: ₹577.55 Cr; standalone PAT: ₹5.78 Cr.
• Standalone exceptional impairment: ₹48.89 Cr; underlying PAT: ₹54.67 Cr.
• Standalone EPS: ₹0.61; Consolidated EPS: ₹5.40.
• Dividend declared: final ₹1.00 per share; payout ₹9.4986 Cr; AGM 30-Jul-2026.

Capital structure & liquidity

• Net debt (consolidated): ₹4.65 Cr; gearing: 0.55%.
• Cash & cash equivalents: consolidated ₹7.63 Cr.
• Share capital: ₹9.4986 Cr (9,498,585 shares).
• Market cap as of 31-Mar-2026: ₹1,777.22 Cr.

Business developments & strategy

• EV ecosystem: EMOSS and MEMCO; EMOSS contributes 11.83% of revenue.
• India: 29 MW solar capacity commissioned; total solar infra 29 MWp.
• Solapur capex: ~₹120 Crores expansion to support new programs.
• Assembled camshaft technology secured with Mahindra order.
• MFT Germany insolvency; deconsolidated; impairment recognised.

Operational performance & footprint

• Domestic sales 65%; Exports 35%; major OEM-support base.
• Global footprint across 13 facilities; 30+ years of automotive experience.
• Camshaft variants >200; 500+ engineers; multi-segment offering.
• Solapur Solvay: Solapur expansion to align with production schedules.

ESG & sustainability

• Total GHG (Scope1+Scope2): 38,551 MT CO2e; intensity ₹0.66 per ₹ lakh turnover.
• Renewables: 29 MWp solar capacity; 44% renewable electricity usage in FY25-26.
• Water withdrawal: 81,988 KL; water intensity 1.42 KL per ₹ lakh turnover.
• Waste: total 15.47 MT; Zero Liquid Discharge (ZLD) framework in place.
• CSR: ₹172.69 Lakhs spent; 19,454 beneficiaries; 2% average net profit CSR baseline.

Governance & risk

• Board: 9 directors; 4 women; independent directors conform to regulatory norms.
• Committees: Audit, Nomination & Remuneration, CSR, Stakeholders Relationship, Risk Management.
• RMC observes risk framework; sensitive to macro, financial, ESG risks.
• Auditors: MSKA & Associates LLP; Secretarial: Ruchi Bhave; no material audit qualifications.

Shareholder & corporate actions

• AGM: 34th AGM on 30-Jul-2026; VC/OAVM; e-voting 27-29 Jul 2026.
• Dividend tax: TDS as per IT Act on dividends; DTAA options available with proper documentation.
• RPTs: no material related party transactions requiring shareholder approvals reported.

Dividend & capital allocation

• Final dividend proposed for FY2025-26: ₹1.00 per equity share.
• Payouts previously: ₹949.86 Lakhs in 2024-25; current year similar proposal awaiting AGM approval.

AGM Details

• AGM date/time: 30 July 2026, 3:00 PM IST.
• Mode: VC/OAVM.
• Record date: 23 July 2026.
• Remote e-voting: 27–29 July 2026.
• Proxy: not available; VC/OAVM only.

Ordinary Business

• Adopt standalone and consolidated financial statements for FY 2025-26.
• Final dividend of INR 1 per equity share.
• Re-appoint Karan Y. Shah as director, retiring by rotation.

Special Business

• Ratify remuneration of Cost Auditors for FY 2026-27.
• Ratify remuneration paid to executive directors for FY 2025-26 exceeding limits.
• Approve remuneration to Yatin S. Shah for FY 2026-27 in excess of limits.
• Approve remuneration to Ravindra R. Joshi for FY 2026-27 in excess of limits.
• Approve remuneration to Karan Y. Shah for FY 2026-27 in excess of limits.