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Buy Craftsman automation Ltd For Target Rs.5,338 - LKP Securities Craftsman Automation Ltd (CAL)’s Q1 FY24 numbers were in line with our expectations. Standalone revenues grew by 12% yoy and declined by 3.8% qoq to ?7.56bn mainly on growth seen in Power Train and Aluminium Products segments. Power train business expanded 10% yoy riding on PV resilience. The segmental EBIT margins were reported at 21.9% v/s 27.4% yoy and 23.6% qoq. Automotive Aluminum products business revenues witnessed a sharp rise of 21% yoy and 5% qoq to ?2.07bn as the segment enco...
Buy Craftsman automation Ltd For Target Rs.5,338 - LKP Securities
Buy Craftsman automation Ltd For Target Rs.5,338 - LKP Securities
Source: LKP Securities Ltd
26/07/2023 12:17:57 PM
Buy Craftsman automation Ltd For Target Rs.4,750 - Motilal Oswal Financial Services Intense focus on promoting diversity in business Making inroads in the EV segment | Healthy order wins across businesses CRAFTSMAN AUTOMATION (CRATFSMA)’s FY23 annual report highlights its initiatives to promote diversity in its business and reduce dependence on certain segments, which have started to reflect in further revenue diversification. The recent acquisition of DR Axion (DRA) has substantially enhanced the salience of PVs (to 30% from 7%) and reduced dependence on CVs (to...
Buy Craftsman automation Ltd For Target Rs.4,750 - Motilal Oswal Financial Services
Buy Craftsman automation Ltd For Target Rs.4,750 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
29/06/2023 12:36:52 PM
Buy Craftsman automation Ltd For Target Rs.3,950 - Motilal Oswal Financial Services Order ramp up in Aluminum division and mix to drive growth in FY24E * CRAFTSMAN’s 4QFY23 operating performance was in line while transition to new tax regime boosted its adj. PAT to INR703m (v/s est. INR537m). We believe growth in the Aluminum division (ramp up for Stellantis and new orders from domestic SUVs) and Industrials (traction in construction activity and exports) should drive overall growth in FY24E/25E. * We have slightly cut our FY24E EPS by 2% to account for higher in...
Buy Craftsman automation Ltd For Target Rs.3,950 - Motilal Oswal Financial Services
Buy Craftsman automation Ltd For Target Rs.3,950 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
10/05/2023 11:25:11 AM
Buy Craftsman automation Ltd For Target Rs.3,925 - Motilal Oswal Financial Services Complementary business driving diversification towards PV segment CRATFSMA has recently acquired 76% stake in DR Axion India Pvt Ltd (DRAIPL) against cash consideration of INR3.75b. DRAIPL manufactures aluminium (Al) cylinder heads and blocks for PV OEMs. The acquisition is complementary for CRAFTSMA as a) limited overlap w.r.t technology and customers, b) increases share of PV segment, and c) adds Korean OEMs viz Hyundai/Kia. We expect this acquisition to be EPS accretive, resulting in upgra...
Buy Craftsman automation Ltd For Target Rs.3,925 - Motilal Oswal Financial Services
Buy Craftsman automation Ltd For Target Rs.3,925 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
23/03/2023 12:26:16 PM
Buy Craftsman automation Ltd For Target Rs.3,883 - LKP Securities Weak sequentially, acquisition and standalone business both to work in tandem Craftsman Automation Ltd (CAL)’s Q3 FY23 numbers were weak overall in the challenging demand environment especially on the 2W side. Revenues grew by 35% yoy and fell by 3.5% qoq to ?7.49 bn on weak festive season. Power train business expanded 39% yoy riding on CV excellence. The segmental EBIT margins were reported at 24.7% v/s 23.8% yoy and 24.6% qoq. Margins were stable as capacity utilisation rate was h...
Buy Craftsman automation Ltd For Target Rs.3,883 - LKP Securities
Buy Craftsman automation Ltd For Target Rs.3,883 - LKP Securities
Source: LKP Securities Ltd
8/03/2023 10:49:05 AM
Buy Craftsman Automation Ltd For Target Rs. 3,891 - Anand Rathi Share and Stock Brokers Adding gravity & low pressure die casting to its strength; maintain Buy For Craftsman Automation, strong y/y growth across divisions was the highlight of the quarter. Value addition across the powertrain and aluminium business has sustained in percentage terms; we expect the pace to continue in the near term. Demand for M&HCVs is robust, PVs were good while 2Ws were tepid after the festival season, but are expected to return to normalcy in the long term. We maintain a Buy, at a rev...
Buy Craftsman Automation Ltd For Target Rs. 3,891 - Anand Rathi Share and Stock Brokers
Buy Craftsman Automation Ltd For Target Rs. 3,891 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
7/02/2023 10:40:16 AM
Craftsman Automation trades jubilantly on entering into agreement to acquire 76% stake in DR Axion India Craftsman Automation is currently trading at Rs. 3548.85, up by 294.10 points or 9.04% from its previous closing of Rs. 3254.75 on the BSE. The scrip opened at Rs. 3383.95 and has touched a high and low of Rs. 3592.00 and Rs. 3349.00 respectively. So far 6361 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3462.95 on 30-Dec-2022 and a 52 week low of Rs. 1845.00 on 24-Feb-2022. Last one week high and low of the s...
Craftsman Automation trades jubilantly on entering into agreement to acquire 76% stake in DR Axion India
Craftsman Automation trades jubilantly on entering into agreement to acquire 76% stake in DR Axion India
Source: Accord Fintech
30/12/2022 12:36:21 PM
Buy Craftsman automation Ltd For Target Rs.3,333 - LKP Securities Craftsman Automation Ltd (CAL)’s Q2 FY23 numbers were strong at the top-line despite a challenging environment. Revenues grew by 36% yoy and 14.7% qoq to ?7.76 bn. Power Train business expanded 29.5% yoy despite weakness observed in the farm segment. This growth was driven by the CV industry, which grew at a good pace during the quarter. The segmental EBIT margins were reported at 24.6% v/s 29.4% yoy and 27.4% qoq. This drop can be attributed to salary & power inflation and lower ca...
Buy Craftsman automation Ltd For Target Rs.3,333 - LKP Securities
Buy Craftsman automation Ltd For Target Rs.3,333 - LKP Securities
Source: LKP Securities Ltd
3/11/2022 2:09:43 PM
Stock of the week : Buy Craftsman Automation Ltd For Target Rs.3327 - GEPL Capital Craftsman Automation is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments, namely powertrain and other products for the automotive segment (Automotive-Powertrain and Others), aluminium products for the automotive segment (Automotive - Aluminium Products), and industrial and engineering products segment (Industrial and Engineering). Investment Rationale * Positive demand outlook on MHCV/tractor industry to aid Reve...
Stock of the week : Buy Craftsman Automation Ltd For Target Rs.3327 - GEPL Capital
Stock of the week : Buy Craftsman Automation Ltd For Target Rs.3327 - GEPL Capital
Source: GEPL Capital
10/10/2022 12:38:26 PM
Craftsman Automation shines on commencing commercial operations at Pune plant Craftsman Automation is currently trading at Rs. 2769.20, up by 59.90 points or 2.21% from its previous closing of Rs. 2709.30 on the BSE. The scrip opened at Rs. 2761.65 and has touched a high and low of Rs. 2851.50 and Rs. 2750.00 respectively. So far 1009 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2899.40 on 01-Aug-2022 and a 52 week low of Rs. 1822.00 on 21-Sep-2021. Last one week high and low of the sc...
Craftsman Automation shines on commencing commercial operations at Pune plant
Craftsman Automation shines on commencing commercial operations at Pune plant
Source: Accord Fintech
18/08/2022 10:50:34 AM
Quote on Craftsman Automation Ltd Q1FY22 Results By Mr. Amarjeet Maurya, Angel Broking Below are Quote on Craftsman Automation Ltd Q1FY22 Results By Mr. Amarjeet Maurya, AVP - Mid Caps, Angel Broking During the 1QFY22, Craftsman Automation Ltd (CAL) reported revenue of ~Rs435cr (up ~167% YoY) on back of strong sales across the segments. On the EBITDA front, the company has reported Rs108cr and EBITDA margin at 25.8%, which is down by 266bps yoy due to higher cost. On the bottom-line front, the company has reported a profit of Rs24cr in 1QFY22 against...
Quote on Craftsman Automation Ltd Q1FY22 Results By Mr. Amarjeet Maurya, Angel Broking
Quote on Craftsman Automation Ltd Q1FY22 Results By Mr. Amarjeet Maurya, Angel Broking
Source: Angel Broking Ltd
14/07/2021 5:24:25 PM
Craftsman Automation Q4 net profit zooms 1750.20% at Rs 46.81 cr The company reported standalone net profit of Rs 46.81 crore for the quarter ended March 31, 2021 as compared to Rs 2.53 crore in the same period last year, registering a year-on-year growth of 1750.20 per cent. Net revenue of the company rose substantially by 60.51 per cent at Rs 535.21 crore in January-March quarter of this fiscal as against Rs 333.44 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 55.61 per cent to Rs 385.17 cro...
Craftsman Automation Q4 net profit zooms 1750.20% at Rs 46.81 cr
Craftsman Automation Q4 net profit zooms 1750.20% at Rs 46.81 cr
Source: Dion Global Solutions Ltd
6/05/2021 9:35:43 AM
IPO Note - Craftsman Automation Ltd By Geojit Financial A diversified engineering business… Craftsman Automation Ltd. (CAL) is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments, (i) Automotive-powertrain and other products (ii) Automotive- Aluminium products and(iii) Industrial and engineering products segment. They are the largest player involved in the machining of cylinder blocks and cylinder heads in the intermediate, medium and heavy commercial vehicles segmen...
IPO Note - Craftsman Automation Ltd By Geojit Financial
IPO Note - Craftsman Automation Ltd By Geojit Financial
Source: Geojit Financial Services Ltd
15/03/2021 11:06:42 AM
IPO Note - Craftsman Automation Ltd By Nirmal Bang BACKGROUND CAL (Craftsman Automation Ltd.) is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments namely, Automotive Powertrain (48% of FY20 revenue), Automotive Aluminium Products segment (17%) and Industrial and Engineering segment (35%).   Details and Objects of the Issue * The total issue size is Rs. 824 Cr constituting (i) Offer For Sale of up to 0.45 Cr equity shares aggregating to Rs. 674 Cr mainly...
IPO Note - Craftsman Automation Ltd By Nirmal Bang
IPO Note - Craftsman Automation Ltd By Nirmal Bang
Source: Nirmal Bang Ltd
15/03/2021 10:25:22 AM
IPO Note - Craftsman Automation Ltd By Angel Broking Craftsman Automation Limited (CAL) was incorporated on July 18, 1986. The company is led by Srinivasan Ravi a first generation entrepreneur with over 34 years of Industry experience. The company is a diversified engineering company with vertically integrated manufacturing capabilities, engaged in 3 business segments, namely Automotive - Powertrain and Others, Automotive – Aluminium Products, and Industrial and Engineering. It is one of the leading players in the machining of cylinder bl...
IPO Note - Craftsman Automation Ltd By Angel Broking
IPO Note - Craftsman Automation Ltd By Angel Broking
Source: Angel Broking Ltd
12/03/2021 5:58:17 PM
IPO Note - Craftsman Automation Ltd By Ventura Securities Craftsman Automation Ltd (CAL), established in 1986, is a diversified engineering company primarily engaged in three segments, namely Automotive Powertrain, Automotive Aluminum and Industrial Engineering. They are the largest player involved in the machining of cylinder blocks and cylinder heads in the intermediate, medium and heavy commercial vehicles segment as well as the construction equipment industry. They are also among the top 3-4 players in machining of cylinder blocks for the tracto...
IPO Note - Craftsman Automation Ltd By Ventura Securities
IPO Note - Craftsman Automation Ltd By Ventura Securities
Source: Ventura Securities Ltd
12/03/2021 12:28:41 PM
Craftsman Automation coming with an IPO to raise upto Rs 824 crore Craftsman Automation Craftsman Automation is coming out with a 100% book building; initial public offering (IPO) of 55,28,161 shares of Rs 5 each in a price band Rs 1488- 1490 per equity share. Not more than 50% of the issue will be allocated to Qualified Institutional Buyers (QIBs), including 5% to the mutual funds. Further, not less than 15% of the issue will be available for the non-institutional bidders and the remaining 35% for the retail investors. The issue wil...
Craftsman Automation coming with an IPO to raise upto Rs 824 crore
Craftsman Automation coming with an IPO to raise upto Rs 824 crore
Source: Accord Fintech
11/03/2021 5:21:44 PM