Precision Camshafts Ltd Share Price

Precision Camshafts Limited was incorporated on June 8, 1992 as Private Limited Company with Registrar of Companies, Maharashtra and was subsequently converted into a Public Limited Company dated August 1, 1997. The Company primarily engaged in the trading of camshaft castings and machined camshafts to the auto industry and railways. The company has two state-of-the-art manufacturing facilities - an EOU unit and a domestic unit - both situated at Solapur, Maharashtra. The EOU unit consists of four foundries and three machine shops and products manufactured at the EOU unit are primarily exported to overseas customers. The domestic unit consists of one foundry and one machine shop serving the domestic customers from this manufacturing facility. The Company started its business in 1992. In order to strengthen the business operations in Asia, the company has entered into two joint ventures with NSPCL, the first, Ningbo Shenglong PCL Camshafts Company Limited, for machining of camshafts and the second, PCL Shenglong (Huzhou) Specialised Casting Company Limited, for setting up a foundry in China. The machine shop at Ningbo, China commenced production in April 2013. In January, 2016 the Company came up with an Initial Public Offer of 22,053,225 Equity Shares by raising capital from public aggregating to Rs 410.19 Cr., consisting a Fresh Issue of 12,903,225 Equity Shares aggregating to Rs 240 Cr and an Offer for Sale of 91,50,000 Equity Shares aggregating to Rs 170.19 Cr. The Company incorporated a Wholly Owned Subsidiary Company in Netherlands under the name 'PCL (International) Holdings B.V. Netherlands' in October 2016. In March 2019, the Company acquired Equity Share Capital of MEMCO Engineering Private Limited making it the Wholly Owned Subsidiary of the Company. In 2022, the Company started development of Retrofitted Electric Midsize Bus - Oranje Tiger. It diversified the product at PCL, other than Camshafts in 2023. The Company started construction on Greenfield site for specialized machining facility and electric vehicles in FY 2024. It enhanced the hybrid and assembled camshafts in FY 2025. The Company launched electric light commercial vehicle (LCV) retrofit solutions with range options of 70 km, 100 km, and 250 km in 2025. In 2026, Company commenced manufacturing of assembled camshafts.