6457.5000 -170.50 (-2.57%)
NSE Aug 05, 2025 15:31 PM
Volume: 36,047
 

6457.50
-2.57%
ICICI Securities Limited
Craftsman Automation (CFTM) is undergoing diversification to reduce CV exposure and improve RoCE by doing casting/machining of engine cylinder blocks/heads for SUV makers like Hyundai, Kia and M&M. By generating ~8% FCF/sales with ~22% RoCE, CFTM would be in a position to deliver steady fundamentals and sail through the CV downcycle in a smooth manner, in our view.
Craftsman Automation Ltd. is trading above all available SMAs
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