저자: 미상 · 외국인
요약 보기
결론: 영상은 Precision Camshafts의 장기 성장 가능성을 설명하지만, 특정 가격 방향에 대한 명시적 예측이나 매수 권유는 없음. 회사 개요: 카스트 아이언·하이브리드 캠샤프트 제조사로 업력 25년, 글로벌 고객 45곳 이상, 17개국 진출, 150종 이상 생산, 2016년 상장. 사업 전략: 전기차 전환 및 인도 시장(LCV 등) 공략을 추진하며 Salarpur 전기차 공장 구축 중. 비연소 샤프트 사업으로도 다각화 중이나 수익성은 아직 낮음. 사업 구조: 머신 캠샤프트 33%, 캐스팅 캠샤프트 67%. 인도 국내 점유율 70%, 글로벌 점유율 9%. 2023 회계연도 매출의 55%는 수출. 재무: 2021~2023 매출 지속 증가, 2021년 소폭 적자. 네덜란드 자회사 손실(2022년 19억 루피, 2023년 14억 루피). 리스크: 경기 사이클 산업, 원자재(스크랩·합금 등) 가격 상승 시 마진 훼손, 세금 부담, 전기차 사업 안정화에 시간 소요. 고객사: Maruti Suzuki, Toyota, Tata, BMW, Royal Enfield, Kia, Audi 등. 출연자 전망: 장기 투자 관점에서 기술 적응력과 변화 대응 능력이 핵심이며, 단기 실적 부진이 장기 상승을 막지 않을 수 있다고 언급. 단, 투자 권유가 아니라고 명시. 투자 유의: 진행자는 등록 자문사가 아니며 개인 분석 공유임을 강조, 시청자 본인의 판단과 분석 필요를 강조.
다듬은 글
Today we will talk about Precision Camshaft Limited. Today in this video we will try to explore the future growth opportunities of the company and will try to find out whether this company will be able to give us multiplex in the coming time or not. Look, some people are investing in this stock only because Vijay Kedia Circle Investment is made in this stock but you should never say that when a big investor invests in any stock, he has taken a long term view and along with this, there is also risk associated with that stock.
It is not that if any big investor has invested in any stock, then these people do not book losses, these people also book big losses, so you will have to understand this also, you will have to understand it accordingly, according to the retirement of your money, is there any need for your money, do not block your money at all in any such stock where you do not get returns in a short time and if you need money, you will have to understand this yourself, so for this, first of all we will understand the working of the company Let's understand, look, this company is a leading world leading manufacturing company.
Now many people might not understand what a camshaft is. So let me tell you that a camshaft is a mechanical component which is used for the internal operation of the engine and this company manufactures all types of camshafts like a child cast iron camshaft, duck line iron assembled hybrid camshaft.
Along with this, the company is a supplier of balance for critical injector components and especially prismatic parts for shafts. So you will have to understand this also here and the company has a total of 25 years of experience in the automatic industry. The company has more than 45 global customers.
This company manufactures more than 150 camshafts. And let me tell you that this company mostly manufactures camshafts for passenger vehicles. Along with this, the company has a total of eight There are facilities and there are also subsidiary companies. The company 's IPL came in 2016. Now we will know in what the company is looking for its future growth opportunities, what is the future in which it is looking.
But let me tell you that look, I am also like other people, I copy and paste all the company's data and read it by showing myself on the side on the slide. But I feel that for a long term investor, only the company's data is not important for us. It is important for us to collect that data, connect it, then analyze it and develop an understanding for it.
This is very important, that is why I try to present things to you in a simple language. Now listen carefully, the company is focusing on developing the electric power trade and is targeting the Indian market. So you will have to understand that even though the company told you earlier that there are more global customers than the company, but despite that the company is targeting only the Indian market.
The reason why it is thinking of doing this is that like everywhere there is talk of electrical, so the company is also trying to find a good opportunity here. The company is going to focus on LCDs, that is, the lowest commercial vehicles, and let me tell you that if we talk about India, then more than 2 million LCDs are operating in India and every year this number increases by 5 lakh, so it is also going to make a contribution.
Now in the theme of electric vehicles, if we talk about electric vehicles, then the company has put in full efforts in establishing its first electric vehicle plant in Salarpur due to electric mobility. You have to understand here that the company is now trying to diversify its business completely, little by little.
Now they have also entered the non-combustible shaft business, where we have increased the importance, although the company has not shown very big profits. But you will also have to understand that the company is now focusing on diversification. Look, the company is divided in two ways, first is machine camshaft and second is camshaft casting, so machine camshaft is 33% of its total volume, whereas 67% of the volume is of camshaft casting, so you will have to understand this thing, the only difference between the two is that the cost of machine shaft is a little less and if we talk about camshaft casting, then its cost is a little higher.
Talking about the market share of the company, the company has captured 9% of the global market and if we talk about their Indian market, that is, the domestic market, then the company has a complete 70% market share, so this is an advantage, the company has a network, so you will have to understand this thing, here if we talk about the consistent revenue of the company, then the revenue of the company has increased continuously in 2021, 22 and 23, but in 2021 the company also booked a small loss.
And if we talk about the company's financial year 23, then the maximum of the company means that 55% of the business revenue has come from exports. So you will have to understand that exports are also such a thing in which the company can do a strong work in the future because their subsidiary company is also there.
So you will have to understand this thing that they have a good network in the global market as well and they can expand it if the company wants, in the future. Along with this, let's talk about the raw material of the company. Look, I am talking about raw material here because it is important. This company works in such a way that the raw material here plays a very important role for their margins.
So the raw material that the company does is garlic coated sand scrap and along with this, ROI guidance. So this raw material is their jockey raw material, which they do to the maximum. When prices increase, as soon as commodity prices increase, the company's margins are wiped out. This is a factor linked to the company, you will have to understand this.
If we talk about the Netherlands subsidiary of the company, then the company is continuously booking losses in the Netherlands. If we talk about 2022, the company had booked a loss of Rs 19 crore, whereas in 2023, it has booked a loss of Rs 14 crore. This is a cyclical business, so this thing will remain linked to it.
A huge impact of commodity prices is seen on its balance sheet. You should not forget this thing. According to the company, with this stop, the margins of the company's sector can also increase. In the financial year 23, the company has produced a total of 5.82 million camshafts and has also launched a new product.
Along with this, the company has three such products which are still in the developing stage. The company has presence in 17 countries, so this is a huge advantage. I had also told you this in the company's big announcement. Firstly, it can play a big role in the growth of Atul Auto as I have already told you that it has 45+ global customers and it has reach in 17 countries, so you will have to understand how big a role it can play in the coming future.
This is a big advantage for the company after the company for the export market. Here the margins also play a role as this is the biggest company of the company, IMO, which works in the electric vehicle tractor fighting business. So, this means that the company works to convert old vehicles into electric vehicles.
It changes all the required components of the vehicle and converts them into electric vehicles. Here the company is seeing a good growth potential for itself. The reason for this is that the company has done this work for the Government of Mumbai and it is running successfully. On a contract basis, it has also provided some such services with the government for solar pumps.
The services provided are being liked, so that's why the company sees a good growth potential here as well in the future. But I feel that as far as this business is concerned, it will take time because it will take time for people to fully adopt this business and understand it. So, it may take some time for stability here.
Look, the conclusion of all the information I have given you so far is that the way the company works is a cycle, a demand, a cyclical business, so ensuring consistent profits here is a big challenge for the company. Along with this, the commodity prices of the company are also seen to have a huge impact, and taxes also play a big role here.
But here the company has an advantage that its exports can make a huge contribution for them in the coming times in the countries where it is rich. Along with this, if we talk about the company's TV business, then it will take some time to prove the company in the market. It will take time for this thing to become stable, so you will have to understand this thing here as far as the company's technology and what they have done is concerned, the company is already making 150 variants with less shaft and now it is also coming in different ways, so you will have to understand this thing that the company has the capability to change itself according to the time and this company has already become innovative because it has so many big clients, clients like Maruti Suzuki, Toyota, they have Tata, BMW, Royal Enfield, Kia, Bus, Audi, so these big clients are associated with the company, I will give you the rest on the screen, you can see the clients who are associated with them, so to work with such big clients, the company has the full capability to be innovative and absorb the technology in the right way, so you will have to understand this thing here that it will work in the future also because we are looking at it in the long term, so if the company has to bring any change in the future then the company will do it.
Shakti, I would like to tell you that sometimes in long term investment, a stock does not do well for one year, two years, three years, four years, when it does well for the fifth and fourth year, then it makes up for the entire loss of the previous tax year or five years. You will have to understand this.
If you are associating long term with any stock, then I am telling you this from my experience and Vijay Sir also has the same experience. If you listen to him a little and you can ask any long term investor who has been associated with the market for 10 years and does long term investment, then he will be able to tell you very well that a company does not do well for a few years but when it does do well, then how does it do well.
The biggest role here is how quickly the company adopts itself to new technology and is ready to bring changes in the future according to the time. If we talk about a small town, there, suppose two or three people have set up a small business in any segment. And there, if that old guy takes up his business in a new way, then you will have to understand that the market will accept the changes that are being brought, but there will be risks associated with it.
You will have to understand this thing. This is for the new long run, the new one who has come into the market will succeed because he has changed himself according to the market. The old ones who are sitting there have disappeared. Now it is the time for online business. Unless you provide online delivery service or make customized products as per the customer, then there is no demand for you in the market.
This thing is because everyone wants something or the other, that is, you have to prove yourself to the competitors. So, it is very important for the company to be innovative. If you want to run any business in the long run, then you will have to bring changes with time. Today, if you take a look at any small retailer who has not brought any change in his business in his market, all those businesses have failed today.
So, whenever you are involved in any stock in any long term investment for the company, then you should keep this thing in mind. It's important to understand that if the company is developing a long-term view of new technology, is it ready to adopt it? Does it bring about change over time? Well, take it a little from the dairy, but it does bring about change in the long run.
This is a key point for any company. So, here you have to understand that I made this video based on my experience, so don't mistake it for any kind of buy or call. Here you have to use your intelligence and do your own analysis. Don't get caught in anyone's wrong video or any wrong analysis. You have to understand your circumstances before investing in any stock.
So, you have to understand that you shouldn't trust any kind of wrong news or wrong analysis. Here, only you can make a better decision for yourself because I am not a registered advisor, so don't mistake this for any kind of investment advice. If you found the video informative, please like it and subscribe to the channel. Bye Take Care
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