Vijay Kedia stock skyrockets 15% after commissioning a 14 MWp captive solar power plant

Synopsis: Precision Camshafts has commissioned a 14 MWp captive solar plant at Mangalwedha, raising total capacity to 29 MWp, which will help reduce power costs, support green energy initiatives, and lower the company’s carbon footprint.

This is a manufacturer and supplier of camshafts in India and globally, and supplies more than 150 varieties of camshafts for passenger vehicles, tractors, light commercial vehicles, and locomotive engine applications is now in the spotlight after expanding solar capacity to 29 MWp in Solapur.

With a market capitalisation of Rs. 1,617 cr, the shares of Precision Camshafts Ltd are currently trading at Rs. 170 per share, increasing 16% in today’s market session, making a high of Rs. 173.60, from its previous close of Rs. 149.35 per share.

News

Precision Camshafts Limited has commissioned a 14 MWp captive solar power plant at Mangalwedha, Solapur, with operations commencing on December 19, 2025. This commissioning forms part of the expansion of the company’s existing captive solar power facility of 15 MWp at the same location, taking the total installed captive solar capacity to 29 MWp. 

The expanded solar power infrastructure is expected to significantly reduce the company’s electricity costs associated with its production activities, while strengthening its focus on sustainable and green energy initiatives. 

Additionally, the project will contribute to lowering the Company’s overall carbon footprint, reinforcing Precision Camshafts Limited’s commitment to energy efficiency and environmentally responsible operations.

About the company 

Precision Camshafts Limited is a leading manufacturer of camshafts and related engine components, catering primarily to the automotive industry across passenger vehicles, commercial vehicles, tractors, and off-highway applications. With manufacturing facilities in India and overseas, the Company serves several global OEMs and is known for its focus on technology, operational efficiency, and sustainable manufacturing practices.

For the Q2FY26, the company reported sales of ₹198 crore, reflecting a 12% year-on-year decline compared to ₹225 crore in Q2FY25. EBITDA stood at ₹13.1 crore, marking a 42% YoY decrease from ₹22.8 crore due to margin pressures. 

However, net profit improved to ₹13.2 crore from ₹8.4 crore in the corresponding quarter last year, registering a 57% YoY growth, supported by operational efficiencies and other income. Consequently, EPS rose to ₹1.39 from ₹0.88, reflecting a 58% year-on-year increase.

The company reports a ROCE of 6.19% and ROE of 3.93%, with a low debt-to-equity ratio of 0.08, reflecting reduced leverage. It has also maintained a healthy dividend payout of 20.5%. Vijay Kedia owns a 1.05% stake in the company via Kedia Securities.

Written by Manideep Appana

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