Precision Camshafts Ltd

About the Company :

Precision Camshafts Limited (PCL) is promoted by Mr Yatin S Shah for the manufacturing of camshafts. Established in 1992 at Solapur as Precision Camshafts Pvt Limited, PCL is one of the leading manufacturers of various types of camshaft, which is a key component in internal combustion engines of automobiles and locomotives to operate valves. It manufactures more than 150 ranges of camshafts for small and mid-sized car, tractor and locomotive engines with an engine capacity ranging from 1 Litre to 2 Litres. PCL has set up four manufacturing units located at Solapur, Maharashtra, out of which two units are 100% Export Oriented Units. It has a set up of five foundry units (four under EOU division and one under domestic division) for the manufacturing of casting camshafts and three machine shops (two under the EOU division and one under the domestic division) for the manufacturing of machining camshafts.

PCL has a manufacturing capacity of 1.34 crore units per annum of casting camshafts and around 0.21 crore units per annum of machined camshaft. The products of PCL are supplied worldwide including North America, China, Russia, Europe, UK, Korea, etc. Exports contribute around 77% of the net sales in FY14 (refers to period from April 01 to March 31) [71% of the net sales in FY13].

PCL is expanding its presence in China and has a subsidiary named PCL Shanghai Co Ltd which is engaged in the trading and distribution of camshafts, manufactured by PCL. The promoters of PCL have formed an associate company named Cams Technology Limited (CTL) in June 2013. CTL is engaged in the business of designing and developing of camshafts, fabrication, buying and selling and distribution of various types of camshafts. During FY14, CTL purchased the stake of Tata Capital in PCL for Rs.62 crore. CTL currently holds 19.65% of stake in PCL.

In October 2017, the company has acquired precision component maker Nashik-based MEMCO Engineering Pvt Ltd (MEMCO) for an undisclosed sum.

In March 2018, the company completed the acquisition of German precision machining company MFT Motoren und Fahrzeugtechnik GmbH (MFT) for an undisclosed sum. PCL will hold 76 per cent in the German company, while MFT Managing Director Guido Glinski will hold the balance 24 per cent stake and continue to run the company