Craftsman Automation

₹4312.5 12.8 | 0.3%

WEBSITE BSE:543276 NSE : CRAFTSMAN 10 May, 16:01

Market Cap ₹9112 Cr.

Stock P/E 29.9

P/B 5.5

Current Price ₹4312.5

Book Value ₹ 784.7

Face Value 5

52W High ₹5510

Dividend Yield 0.26%

52W Low ₹ 3311

Edit Ratio

Craftsman Automation Research see more...

Craftsman Automation Ltd: Business Analysis

Overview Inc. Year: 1986Industry: Auto Ancillary

Craftsman Automation Limited operates as an engineering corporation in India and the world over. It operates via three segments: Automotive- Powertrain and Others, Automotive Aluminium Products, and Industrial and Engineering. The organization's Automotive - Powertrain and Others section provides cylinder blocks and cylinder heads, camshafts, transmission parts, tools box housings, turbo expenses, and bearing caps. This segment serves unique equipment manufacturers producing commercial vehicles, special utility car, tractors, and off-highway motors. Its Automotive Aluminium Products segment offers crank case and cylinder blocks for 2 wheeler, engine and structural parts for passenger cars, and tools field housings for heavy industrial car. The agency's Industrial and Engineering section offers aluminium merchandise for power transmission comprising machined castings; pre-feeders and container slitters for packaging, printing, and textile machineries; and chain hoists, wire rope hoists, take hold of hoists, crane kits, and mild crane structures. This segment also offers stationary racking for warehouses, V-store, and automated storage and retrieval structures; transmission and housing components for elevators, metro transportation, compressor manufacturers, printing machines, motors, and steel rolling generators; metallic cutting machines, drilling machines, and milling machines, as well as leak trying out machines, nut runners, industrial washing machines, and supply conveyors to vehicle corporations; and machining for railway bogeys, air conditioned train panels, mildew bases, and sheet metal casing and housings, in addition to plastic injection molds, aluminium die casting dies for high and occasional pressure casting, and sheet metallic press tools for engineering, city transportation, and automobile industries. The employer additionally exports its merchandise. Craftsman Automation Limited was founded in 1986 and is headquartered in Coimbatore, India.

Craftsman Automation Share Price

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Peer Comparison

Craftsman Automation Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	554	657	677	776	749	980	1038	1179	1130	1105
Other Income	2	4	1	2	5	5	4	5	4	5
Total Income	556	661	678	778	754	985	1041	1184	1133	1111
Total Expenditure	426	502	512	604	591	792	823	942	910	898
Operating Profit	130	159	166	174	163	193	218	242	224	212
Interest	20	24	25	23	30	42	42	42	44	46
Depreciation	52	54	53	55	54	60	68	67	70	72
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	57	81	87	96	80	91	107	134	109	94
Provision for Tax	20	30	31	34	28	11	27	30	28	23
Profit After Tax	37	51	57	62	51	80	81	104	81	70
Adjustments	0	0	0	0	0	-2	-6	-10	-8	-8
Profit After Adjustments	38	51	57	62	52	78	74	95	73	62
Adjusted Earnings Per Share	17.8	24.4	26.8	29.6	24.4	36.8	35.3	44.8	34.6	29.5

Craftsman Automation Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	616	800	895	1102	1479	1818	1492	1560	2217	3183	4452	4452
Other Income	12	1	14	11	15	14	9	15	8	13	18	18
Total Income	628	801	909	1113	1494	1832	1502	1575	2225	3195	4470	4469
Total Expenditure	453	610	672	874	1203	1376	1095	1122	1683	2499	3574	3573
Operating Profit	175	191	237	239	291	456	407	452	542	696	896	896
Interest	52	64	80	90	109	141	149	111	84	120	175	174
Depreciation	81	95	102	114	136	176	196	192	206	222	278	277
Exceptional Income / Expenses	0	0	0	0	0	0	-6	0	0	0	0	0
Profit Before Tax	42	31	55	35	46	140	56	149	252	355	445	444
Provision for Tax	19	11	11	-7	13	43	16	51	89	104	107	108
Profit After Tax	23	21	45	43	33	97	40	97	163	251	337	336
Adjustments	0	0	0	0	0	0	0	0	0	-3	-33	-32
Profit After Adjustments	23	21	45	43	33	97	40	97	163	248	304	304
Adjusted Earnings Per Share	11.6	10.3	22.2	21.2	329.5	48.4	19.9	46.1	77.2	117.6	144.2	144.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	40%	42%	20%	22%
Operating Profit CAGR	29%	26%	14%	18%
PAT CAGR	34%	51%	28%	31%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	27%	41%	NA%	NA%
ROE Average	22%	19%	15%	11%
ROCE Average	22%	21%	18%	15%

Craftsman Automation Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	458	492	534	577	598	683	722	969	1136	1377	1658
Minority's Interest	0	0	0	0	0	0	0	0	0	61	94
Borrowings	277	304	316	434	430	693	668	437	374	906	1125
Other Non-Current Liabilities	55	54	49	30	33	127	148	161	187	220	298
Total Current Liabilities	468	527	571	774	882	822	770	785	978	1242	1531
Total Liabilities	1258	1377	1470	1815	1944	2325	2307	2352	2675	3807	4706
Fixed Assets	864	935	991	1228	1260	1589	1546	1510	1544	2124	2567
Other Non-Current Assets	55	88	65	42	87	128	135	68	102	195	356
Total Current Assets	339	355	414	545	597	609	627	773	1029	1488	1783
Total Assets	1258	1377	1470	1815	1944	2325	2307	2352	2675	3807	4706

Craftsman Automation Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	12	7	17	17	24	36	19	60	31	29	27
Cash Flow from Operating Activities	176	224	143	235	273	360	306	362	327	608	513
Cash Flow from Investing Activities	-168	-180	-139	-282	-222	-358	-138	-95	-209	-708	-626
Cash Flow from Financing Activities	-13	-34	-4	70	-39	-18	-128	-296	-120	73	148
Net Cash Inflow / Outflow	-5	10	-0	23	12	-17	40	-29	-2	-27	36
Closing Cash & Cash Equivalent	7	17	17	40	36	19	60	31	29	27	63

Craftsman Automation Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	11.62	10.34	22.17	21.16	329.52	48.39	19.89	46.1	77.22	117.61	144.16
CEPS(Rs)	51.9	57.61	72.85	77.8	1685.88	135.93	117.5	137.22	174.75	223.75	291.2
DPS(Rs)	0.5	0.5	0.5	0.5	0.5	2.5	0	0	3.75	11.25	11.25
Book NAV/Share(Rs)	227.72	237.95	258.63	279.92	5947.02	339.56	358.64	459.01	537.76	651.94	785.03
Core EBITDA Margin(%)	23.52	21.85	22.7	18.8	18.28	24.32	26.62	28.04	24.07	21.48	19.72
EBIT Margin(%)	13.61	11.02	13.73	10.34	10.26	15.43	13.69	16.65	15.16	14.93	13.91
Pre Tax Margin(%)	6.06	3.61	5.63	2.93	3.05	7.7	3.74	9.54	11.35	11.15	9.99
PAT Margin (%)	3.37	2.39	4.53	3.52	2.19	5.36	2.68	6.24	7.36	7.89	7.58
Cash Profit Margin (%)	15.05	13.34	14.88	12.94	11.22	15.04	15.84	18.58	16.65	14.85	13.82
ROA(%)	1.97	1.58	3.13	2.59	1.76	4.56	1.73	4.18	6.49	7.74	7.93
ROE(%)	5.23	4.44	8.93	7.86	5.71	15.2	5.7	11.51	15.49	19.98	22.23
ROCE(%)	9.92	9.53	12.49	10.1	11.14	18.02	11.85	15.04	19.07	21.69	21.6
Receivable days	59.7	54.04	48.22	46.59	45.37	41.33	49.44	50.69	44.05	47.68	45.58
Inventory Days	64.71	57.69	61.12	61.52	63.56	62.62	79.35	85.55	84.96	83.86	76.94
Payable days	304.21	292.97	258.32	248.33	216.82	185.52	195.81	176.79	148.85	133.75	118.14
PER(x)	0	0	0	0	0	0	0	30.76	30.51	27.6	29.98
Price/Book(x)	0	0	0	0	0	0	0	3.09	4.38	4.98	5.51
Dividend Yield(%)	0	0	0	0	0	0	0	0	0.16	0.35	0.26
EV/Net Sales(x)	0.85	0.67	0.68	0.67	0.55	0.53	0.67	2.34	2.55	2.5	2.38
EV/Core EBITDA(x)	2.98	2.82	2.56	3.11	2.77	2.12	2.45	8.08	10.43	11.44	11.82
Net Sales Growth(%)	2.05	29.89	11.87	23.1	34.23	22.91	-17.91	4.52	42.12	43.55	39.88
EBIT Growth(%)	-10.04	1.41	41.24	-7.45	23.96	80.84	-27.15	27.1	29.39	41.34	30.36
PAT Growth(%)	-38.92	-11.03	114.42	-4.52	-22.16	193.72	-58.91	143.34	67.51	53.88	34.42
EPS Growth(%)	-38.92	-11.03	114.42	-4.52	1456.93	-85.32	-58.9	131.82	67.51	52.3	22.58
Debt/Equity(x)	1.14	1.15	1.19	1.38	1.42	1.44	1.47	0.73	0.63	0.84	0.93
Current Ratio(x)	0.72	0.67	0.73	0.7	0.68	0.74	0.81	0.99	1.05	1.2	1.16
Quick Ratio(x)	0.45	0.39	0.41	0.41	0.34	0.35	0.39	0.47	0.41	0.52	0.48
Interest Cover(x)	1.8	1.49	1.69	1.4	1.42	2	1.38	2.34	3.98	3.95	3.55
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0.23	0.14	0.17	0.17

Craftsman Automation Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	59.76	59.76	59.48	58.77	58.77	58.77	54.99	54.99	54.99	54.99
FII	3.7	3.55	3.91	4.26	9.33	8.79	12.1	12.68	12.52	12.55
DII	14.51	14.82	15.42	16.34	15.84	16.55	17.19	17.28	17.23	16
Public	22.03	21.87	21.19	20.63	16.06	15.88	15.72	15.05	15.27	16.46
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.26	1.26	1.26	1.24	1.24	1.24	1.16	1.16	1.16	1.16
FII	0.08	0.07	0.08	0.09	0.2	0.19	0.26	0.27	0.26	0.27
DII	0.31	0.31	0.33	0.35	0.33	0.35	0.36	0.37	0.36	0.34
Public	0.47	0.46	0.45	0.44	0.34	0.34	0.33	0.32	0.32	0.35
Others	0	0	0	0	0	0	0	0	0	0
Total	2.11	2.11	2.11	2.11	2.11	2.11	2.11	2.11	2.11	2.11

Pros

Company has delivered good profit growth of 28% CAGR over last 5 years
Debtor days have improved from 133.75 to 118.14days.

Cons

Stock is trading at 5.5 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.