Precision Camshafts Ltd SHARE PRICE [LIVE]

About PRECAM

Today's live share price for Precision Camshafts Ltd is NSE: ₹ 134.85, BSE: ₹ 136.00 with a current market capitalization of .

Precision Camshafts Ltd was incorporated as a private limited company on June 8, 1992 in the state of Maharashtra at Mumbai. The company was converted to a public limited company, and accordingly the name was changed to `Precision Camshafts Limited` on August 1, 1997. It is promoted by Mr. Yatin Shah and Dr. Suhasini Shah, who have over 20 years of experience in the critical engine component manufacturing and have established strong business relationships with marquee global OEMs. They are first generation entrepreneurs who started the business of manufacturing of critical engine component in 1992. Precision Camshafts is one of the world`s leading manufacturer and supplier of camshafts, a critical engine component, in the passenger vehicle segment based on its` estimated global market share by volume according to the ICRA Research Report. The company supplies over 150 varieties of camshafts for passenger vehicles, tractors, light commercial vehicles and locomotive engine applications from its` manufacturing facilities in Solapur, Maharashtra. 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 two 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 and it caters to domestic customers from this manufacturing facility. 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 and the foundry at Huzhou City, China is currently under construction as on date. The company has also entered into an exclusive agreement with EMAG, a German machining and tooling process company, for transfer of certain know-how and technology in order to strengthen its` foray into assembled camshafts and expand the business operations in the European market.