Craftsman Automation Ltd. share price target

Craftsman Automation Ltd (Craftsman) is the largest player involved in the machining of cylinder blocks and cylinder heads in the intermediate, M&HCV; segment as well as in the Construction Equipment industry in India. They are among the top 3-4 component players with respect to machining of cylinder blocks for the Tractor segment in India. uptick in the CV cycle, demand...

Craftsman Automation Ltd. IPO Note Issue Open: March 15 March 17, 2021 Price Band: Rs. 1488 1490 *Issue Size: 5,528,161 eq shares (Fresh Issue of 1,006,711 eq sh + Offer for sale of 4,521,450 eq sh) Issue Size: Rs. 822.60 823.70cr

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,

We recommend SUBSCRIBE for long term on Craftsman Auto Ltd.'s (Craftsman) IPO given i) positive demand outlook on MHCV/tractor industry (that contributes >70% of revenue pie), ii) healthy financial performance in tough times, iii) robust growth potential in Auto Aluminum as well as storage divisions and iv) expansion in ROCE led by lean capex and debt reduction plans. Despite ~18% revenue decline in FY20, company posted margins of ~27% (highest across Auto Ancillary space). While large part of the capex cycle is now behind, we expect ROCE (currently at ~11%) to improve going...

Craftsman Automation, founded in 1986, is a Coimbatore, Tamil Nadu, based, diversified engineering company involved in manufacturing key components for automobile and industrial sectors. It owns and operates 12 plants pan India, strategically located close to its customers. The company is promoted by first generation entrepreneur Srinivasan Ravi, a technocrat. As of FY20, its sales were at | 1,492 crore with EBITDA at | 398 crore (margins of 27%) and PAT at | 41 crore. Its sales can be subdivided into three main segments; (i) automotive- powertrain and others (48% of sales...

5 each, (Comprising of fresh issue of 1,006,711 Equity Shares* (Rs. 150 cr.) and Offer for Sale of 4,521,450 Equity Share Pre Issue (Nos. Cr.)...